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Operating Expenses (Tables)
12 Months Ended
Dec. 31, 2025
Operating Expenses [Abstract]  
Schedule of Consolidated Statements of Operations and Other Comprehensive (Loss) Income

Brokerage and Transaction:

 

   2025   2024   2023 
Clearing and operation cost  $83,591,253   $52,722,425   $43,833,078 
Market and data fees   22,676,024    16,056,015    12,720,971 
Handling charge expense   22,481,787    10,528,178    9,864,869 
Total  $128,749,064   $79,306,618   $66,418,918 

Technology and Development:

 

   2025   2024   2023 
Employee compensation benefits  $55,558,669   $43,399,693   $35,111,616 
Cloud service fees   14,315,992    13,280,129    11,806,489 
System costs   9,309,358    7,160,641    5,238,363 
Total  $79,184,019   $63,840,463   $52,156,468 

Marketing and Branding:

 

   2025   2024   2023 
Advertising and promotions  $111,073,326   $108,190,912   $92,182,380 
Free stock promotions   14,770,750    23,980,001    55,225,961 
Employee compensation and benefits   10,103,339    6,550,318    4,849,661 
Total  $135,947,415   $138,721,231   $152,258,002 

 

General and Administrative:

 

   2025   2024   2023 
Employee compensation and benefits  $104,600,076   $77,187,479   $61,466,048 
Compliance fees   13,065,160    11,212,942    8,740,324 
Office related   27,833,724    18,337,113    10,078,418 
Professional services   15,942,896    10,586,397    9,966,117 
Depreciation and amortization   3,234,484    3,010,301    4,675,664 
Other   3,966,349    2,380,396    863,232 
   $168,642,689   $122,714,628   $95,789,803