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v3.26.1

Revenues (Tables) | 12 Months Ended
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Dec. 31, 2025
Revenues [Abstract] |
Schedule of Consolidated Statements of Operations and Other Comprehensive (Loss) Income | The following tables present a breakdown of our revenue categories presented within our consolidated statements of operations and other comprehensive (loss) income.
|  | 2025 |  |  | 2024 |  |  | 2023 |
Option order flow rebates |  | $ | 209,963,744 |  |  | $ | 135,634,071 |  |  | $ | 141,010,186 |
Equity order flow rebates |  |  | 94,162,897 |  |  |  | 61,435,491 |  |  |  | 51,222,529 |
Total |  | $ | 304,126,641 |  |  | $ | 197,069,562 |  |  | $ | 192,232,715 |
Interest and Other Related Income:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Stock lending |  | $ | 28,530,908 |  |  | $ | 26,089,934 |  |  | $ | 56,052,479 |
Margin financing |  |  | 39,203,496 |  |  |  | 29,962,306 |  |  |  | 23,226,972 |
Customer bank deposits |  |  | 71,559,040 |  |  |  | 61,476,142 |  |  |  | 61,679,840 |
Corporate bank deposits |  |  | 14,963,064 |  |  |  | 12,923,495 |  |  |  | 14,833,038 |
Total |  | $ | 154,256,508 |  |  | $ | 130,451,877 |  |  | $ | 155,792,329 |
Handling Charge Income:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Options |  | $ | 27,578,202 |  |  | $ | 28,382,630 |  |  | $ | 28,230,750 |
Platform and trading fees |  |  | 59,715,551 |  |  |  | 20,662,070 |  |  |  | 2,446,427 |
Total |  | $ | 87,293,753 |  |  | $ | 49,044,700 |  |  | $ | 30,677,177 |
Other Revenue:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Data subscription income |  | $ | 8,035,979 |  |  | $ | 7,236,303 |  |  | $ | 6,756,403 |
Co-marketing income |  |  | – |  |  |  | 225,048 |  |  |  | 487,006 |
Syndicate fees |  |  | 2,106,382 |  |  |  | 968,397 |  |  |  | 954,798 |
Lease income |  |  | 1,202,715 |  |  |  | 1,135,608 |  |  |  | 1,102,459 |
Foreign exchange fees |  |  | 3,816,583 |  |  |  | 1,275,033 |  |  |  | 21,793 |
Non-trading rebates |  |  | 5,555,133 |  |  |  | - |  |  |  | - |
Proxy income |  |  | 3,422,686 |  |  |  | 2,622,785 |  |  |  | 681,311 |
Other |  |  | 1,180,426 |  |  |  | 200,359 |  |  |  | 896,579 |
Total |  | $ | 25,319,904 |  |  | $ | 13,663,533 |  |  | $ | 10,900,349 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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