Net revenues increased by 12.3% to $94.2 million in 2025, up from $83.9 million in 2024. Net income decreased by 61.6% to $5.1 million in 2025, compared to $13.3 million in 2024. Earnings per share (EPS) declined to $0.13 in 2025 from $0.33 in 2024. Retail customer net worth increased by 9% to $19.5 billion as of December 31, 2025. Revenue from stock borrow/stock loan surged by 51% to $29.0 million in 2025. Revenue from principal transactions and proprietary trading increased by 20% to $17.5 million in 2025. A new Investment Banking division was established in Q1 2025, generating $769,000 in revenue. The company acquired Big Machine Rock (BMR) assets in May 2025 for $441,000, expanding its media segment. Gebbia Sports was launched in June 2025, contributing $594,000 in Name, Image, and Likeness (NIL) revenue in 2025. The remaining 32% ownership interest in RISE Financial Services, LLC was acquired for $3.7 million in October 2025, making it a wholly-owned subsidiary. The clearing agreement with National Financial Services Corp. (NFS) was extended to October 1, 2030, securing a one-time $4.8 million business development credit. Operating income for the Financial Services segment decreased to $6,752,000 in 2025 from $17,568,000 in 2024. The Media, Sports and Entertainment segment reported an operating loss of $(1,186,000) in 2025, compared to $(100,000) in 2024. An investment of $2.0 million was made in FusionIQ, a digital wealth management platform, alongside a strategic partnership. A shelf registration statement on Form S-3 for up to $100.0 million in securities was filed and declared effective, with $50.0 million allocated to an At-the-Market (ATM) offering, though no shares were sold in 2025.