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Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 653,188,906 $ 270,728,008
Cash and cash equivalents segregated under federal and foreign requirements 1,537,119,275 939,232,153
Receivables from brokers, dealers, and clearing organizations 562,961,145 262,093,040
Receivables from customers, net 708,785,550 301,107,428
Prepaid expenses and other current assets 50,208,272 50,344,836
Customer-held fractional shares 172,309,953 108,252,531
Total current assets 3,684,573,101 1,931,757,996
Right-of-use assets 64,357,655 66,293,751
Property and equipment, net 35,894,855 33,629,770
Intangible assets, net 55,434,567 19,415,963
Goodwill 30,264,138 5,197,438
Deferred tax assets 9,346,987 12,374,499
Other non-current assets 1,000,000
Total non-current assets 196,298,202 136,911,421
Total assets 3,880,871,303 2,068,669,417
Liabilities, mezzanine equity, and shareholders’ equity (deficit)    
Payables due to customers 2,667,837,626 1,378,625,130
Payables due to brokers, dealers, and clearing organizations 3,481,115 1,490,537
Lease liabilities - current portion 3,611,195 4,969,959
Accounts payable and other accrued expenses 102,183,377 61,079,799
Total current liabilities 2,777,113,313 1,446,165,425
Lease liabilities - non-current portion 8,911,821 10,438,555
Unsecured promissory notes 65,000,000
Deferred tax liabilities 13,366,222 5,292,255
Total non-current liabilities 87,278,043 15,730,810
Total liabilities 2,864,391,356 1,461,896,235
Commitments and Contingencies (Note 27)
Mezzanine equity    
Total mezzanine equity 2,861,748,733
Shareholders’ equity (deficit)    
Treasury shares (1,124,485 and 4,224,356 shares as of December 31, 2025 and December 31, 2024, respectively)
Additional paid in capital 3,192,952,827
Accumulated deficit (2,178,189,845) (2,241,054,086)
Accumulated other comprehensive income (loss) 1,524,496 (15,195,946)
Total shareholders’ equity (deficit) 1,016,292,713 (2,256,248,639)
Noncontrolling interest 187,234 1,273,088
Total equity (deficit) 1,016,479,947 (2,254,975,551)
Total liabilities, mezzanine equity, and total equity (deficit) 3,880,871,303 2,068,669,417
Convertible Redeemable Preferred Shares    
Mezzanine equity    
Total mezzanine equity 2,861,748,733
Class A Ordinary Shares    
Shareholders’ equity (deficit)    
Ordinary shares, value 4,396 1,393
Class B Ordinary Shares    
Shareholders’ equity (deficit)    
Ordinary shares, value $ 839