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Other Expense, Net
12 Months Ended
Dec. 31, 2025
Other Expense, Net [Abstract]  
OTHER EXPENSE, NET

NOTE 25 — OTHER EXPENSE, NET

 

The following table presents a breakdown of our other expense and income categories that were presented on a net basis within our consolidated statements of operations and comprehensive (loss) income.

 

   2025   2024   2023 
Adjustment to indemnification obligation  $
   $(531,991)  $324,907 
Equity offering costs   10,976,693    
    
 
Foreign currency exchange loss (gain)   12,191,586    (1,972,531)   2,295,582 
Gain from step acquisition of Webull Pay   (15,495,593)   
    
 
Interest expense   5,461,931    122,778    
 
Other expense   140,522    79,051    180,796 
Other expense (income), net  $13,275,139   $(2,302,693)  $2,801,285