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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Measurement [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 are as follows:

 

   December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Assets                
Financial instruments owned                
Equities(1)  $1,390,290   $
–
   $
–
   $1,390,290 
U.S Treasury Bills(2)   349,038,044    
–
    
–
    349,038,044 
FX forward contract(1)   21,538              21,538 
Customer-held fractional shares   172,309,953    
–
    
–
    172,309,953 
Total financial assets  $522,759,825   $
–
   $
–
   $522,759,825 
                     
Liabilities                    
Financial instruments sold not yet purchased(3)                    
Equity options  $1,115   $
–
   $
–
   $1,115 
Fractional share repurchase obligation(3)   172,309,953    
–
    
–
    172,309,953 
Total financial liabilities  $172,311,068   $
–
   $
–
   $172,311,068 

 

(1) Fair value of financial instruments owned are classified within prepaid expenses and other current assets on the consolidated statements of financial position.
   
(2) Represents U.S. Treasury Bills with an original maturity of less than 90 days and are included within cash and cash equivalents segregated under federal and foreign requirements within our consolidated statements of financial position.
   
(3) Fair value of obligation is classified within payables due to customers on the consolidated statements of financial position.

Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 are as follows:

 

   December 31, 2024 
   Level 1   Level 2   Level 3   Total 
Assets                
Financial instruments owned                
Equities(1)  $529,984   $
–
   $
–
   $529,984 
U.S Treasury Bills(2)   233,445,264    
–
    
–
    233,445,264 
FX forward contract(1)   60,879              60,879 
Customer-held fractional shares   108,252,531    
–
    
–
    108,252,531 
Total financial assets  $342,288,658   $
–
   $
–
   $342,288,658 
                     
Liabilities                    
Financial instruments sold not yet purchased(3)                    
Equity options  $2,196   $
–
   $
–
   $2,196 
Fractional share repurchase obligation(3)   108,252,531    
–
    
–
    108,252,531 
Total financial liabilities  $108,254,727   $
–
   $
–
   $108,254,727