XML 14 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2026
Jan. 31, 2026
Current assets:    
Cash and cash equivalents $ 428,208 $ 440,805
Cash segregated and on deposit for regulatory purposes 13,833 10,375
Due from clients 273,668 227,413
Accounts receivable 29,751 33,127
Client-held fractional shares 689,011 514,877
Other current assets 51,127 49,187
Total current assets 1,485,598 1,275,784
Deferred tax assets, net 115,869 119,749
Operating lease right-of-use asset 7,834 8,696
Property, software, and equipment, net 7,306 7,755
Other noncurrent assets 3,650 3,745
Total assets 1,620,257 1,415,729
Current liabilities:    
Accounts payable 7,258 7,299
Accrued liabilities 12,897 8,830
Due to clients 12,049 30,209
Payable to clearing broker 273,512 227,439
Current portion of operating lease liabilities 4,157 4,101
Fractional shares repurchase obligation 689,011 514,877
Total current liabilities 998,884 792,755
Operating lease liabilities, net of current portion 5,229 6,292
Other noncurrent liabilities 1,956 1,993
Total liabilities 1,006,069 801,040
Commitments and contingencies (Note 8)
Stockholders’ Equity:    
Common stock, $0.000001 par value: Class A - XX million shares authorized; XX million and XX million issued and outstanding as of December 31, 2025 and 2024, respectively; Class B - XX million shares authorized; XX million and XX million issued and outstanding as of December 31, 2025 and 2024, respectively 12 12
Treasury stock, at cost; 4,606,471 and 1,476,948 shares held as of April 30, 2026 and January 31, 2026, respectively (41,313) (13,052)
Additional paid-in capital 784,656 769,730
Accumulated deficit (129,167) (142,001)
Total stockholders’ equity 614,188 614,689
Total liabilities and stockholders’ equity $ 1,620,257 $ 1,415,729