XML 62 R31.htm IDEA: XBRL DOCUMENT v3.26.1
Revenues
 12 Months Ended
Dec. 31, 2025
Revenues [Abstract]  
REVENUES

NOTE 23 — REVENUES

 

The following tables present a breakdown of our revenue categories presented within our consolidated statements of operations and other comprehensive (loss) income.

 

Equity and Option Order Flow 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