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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value Measurement [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 are as follows:
|  | December 31, 2025 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments owned |  |  |  |  |  |  |  |  |  |  |  |
Equities(1) |  | $ | 1,390,290 |  |  | $ | – |  |  | $ | – |  |  | $ | 1,390,290 |
U.S Treasury Bills(2) |  |  | 349,038,044 |  |  |  | – |  |  |  | – |  |  |  | 349,038,044 |
FX forward contract(1) |  |  | 21,538 |  |  |  |  |  |  |  |  |  |  |  | 21,538 |
Customer-held fractional shares |  |  | 172,309,953 |  |  |  | – |  |  |  | – |  |  |  | 172,309,953 |
Total financial assets |  | $ | 522,759,825 |  |  | $ | – |  |  | $ | – |  |  | $ | 522,759,825 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments sold not yet purchased(3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity options |  | $ | 1,115 |  |  | $ | – |  |  | $ | – |  |  | $ | 1,115 |
Fractional share repurchase obligation(3) |  |  | 172,309,953 |  |  |  | – |  |  |  | – |  |  |  | 172,309,953 |
Total financial liabilities |  | $ | 172,311,068 |  |  | $ | – |  |  | $ | – |  |  | $ | 172,311,068 |
(1) | Fair value of financial instruments owned are classified within prepaid expenses and other current assets on the consolidated statements of financial position.
(2) | Represents U.S. Treasury Bills with an original maturity of less than 90 days and are included within cash and cash equivalents segregated under federal and foreign requirements within our consolidated statements of financial position.
(3) | Fair value of obligation is classified within payables due to customers on the consolidated statements of financial position.
Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 are as follows:
|  | December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments owned |  |  |  |  |  |  |  |  |  |  |  |
Equities(1) |  | $ | 529,984 |  |  | $ | – |  |  | $ | – |  |  | $ | 529,984 |
U.S Treasury Bills(2) |  |  | 233,445,264 |  |  |  | – |  |  |  | – |  |  |  | 233,445,264 |
FX forward contract(1) |  |  | 60,879 |  |  |  |  |  |  |  |  |  |  |  | 60,879 |
Customer-held fractional shares |  |  | 108,252,531 |  |  |  | – |  |  |  | – |  |  |  | 108,252,531 |
Total financial assets |  | $ | 342,288,658 |  |  | $ | – |  |  | $ | – |  |  | $ | 342,288,658 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments sold not yet purchased(3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity options |  | $ | 2,196 |  |  | $ | – |  |  | $ | – |  |  | $ | 2,196 |
Fractional share repurchase obligation(3) |  |  | 108,252,531 |  |  |  | – |  |  |  | – |  |  |  | 108,252,531 |
Total financial liabilities |  | $ | 108,254,727 |  |  | $ | – |  |  | $ | – |  |  | $ | 108,254,727 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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