Strong Revenue Growth:
Disclosures indicate revenue grew 137% in 2024 and 160% in the first nine months of 2025, reaching $783.7M for that period. Gains in average daily client balances and trading volume further underscore broad-based top-line acceleration.
Profitability:
Net income turned meaningfully positive, with $89.1M in 2024 and $157.2M in the first nine months of 2025. This profitability alongside rapid scaling supports financial stability.
Market Expansion:
The company expanded beyond U.S. prime brokerage into UK and European equities (e.g., LSE clearing membership) and pursued APAC access via regulatory approvals and acquisitions. It also broadened offerings across futures, fixed income, options, digital assets, and investment banking.
