Full text of THOROUGHBRED FINANCIAL SERVICES, LLC's X-17A-5 filed 2026-02-26 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## **THOROUGHBRED FINANCIAL SERVICES, LLC** ### **FINANCIAL STATEMENTS** **December 31, 2025** {1}------------------------------------------------ # **THOROUGHBRED FINANCIAL SERVICES, LLC TABLE OF CONTENTS** | Facing Page – Form X-17A-5, Part III 1– 2 | |--------------------------------------------------------------------------------------------------------------------------------------------------------| | Report of Independent Registered Public Accounting Firm 3 | | Financial Statements:<br>Statement of Financial Condition 4 | | Statement of Operations 5 | | Statement of Changes in Members' Equity 6 | | Statement of Cash Flows 7 | | Notes to Financial Statements 8–1 | | Supplementary Information:<br>Computation of Net Capital Under Rule 15c3-1<br>of the Securities and Exchange Commission 1 | | Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3 1 | | Information Relating to the Possession or Control Requirements Under Rule 15c3-3 1 | | Reconciliation of Net Capital Under Rule 15c3-1 and the Computation for<br>Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3 1 | | Reconciliation Between the Audited and Unaudited Statements of Financial<br>Condition with Respect to Methods of Consolidation 1 | | Material Inadequacies Found to Exist or Found to Have Existed Since the<br>Date of the Previous Audit | | Other Reports:<br>Report of Independent Registered Public Accounting Firm 2 | | Exemption Report 2 | | Independent Accountant's Agreed-Upon Procedures Report on Schedule of<br>Assessments and Payments (Form SIPC-7) 2 | | Schedule of Assessment and Payments [Transitional Assessment<br>Reconciliation (Form SIPC-7) 2-2 | {2}------------------------------------------------ 8-51944 | | | 01/01/2025 | | 12/31/2025 | | |---------------------------|---------------|------------------------|-----|-----------------------------------|--| | | | | | | | | | | | | | | | Thoroughbred | | Financial<br>Services, | LLC | | | | ■ | | | | | | | | | | | | | | 5110<br>Maryland<br>Way, | Suite | 300 | | | | | | | | | | | | Brentwood | | TN | | 37027 | | | | | | | | | | | | | | | | | Daniel<br>Kelly | | 615-371-0001 | | djkelly@thoroughbredfinancial.com | | | | | | | | | | | | | | | | | | | | | | | | Cherry<br>Bekaert,<br>LLP | | | | | | | | | | | | | | 222<br>Second<br>Avenue, | Suite<br>1240 | Nashville | TN | 37201 | | | | | | | | | | 10/20/2003 | | | 677 | | | | | | | | | | | | | |…Read the full text as markdown