# TEMPLUM MARKETS LLC X-17A-5 (2026-02-25) — Broker-dealer annual report - Company: TEMPLUM MARKETS LLC - Form: X-17A-5 - Filed: 2026-02-25 - Period: 2025-12-31 - Accession: 0001098879-26-000001 - CIK: 1098879 - File #: 8-52169 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company LLC - Auditor location: Abington, PA - Contact: Robert Gerard Vallone - Phone: (332) 248-2904 - Email: rvallone@templuminc.com - Website: templuminc.com - Signed by: Jose Ramos (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1098879/000109887926000001/Templum.Markets-Public.pdf --- {0}------------------------------------------------ | OMB APPROVAL | | |---------------------------|--| | OMB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response:
12 | | 8-52169 | 01/01/25
12/31/25 | | | | | |--------------------------------------------------|----------------|-----|-------------------------|--| | | | | | | | | | | | | | | | | | | | Templum | Markets
LLC | | | | | ■ | | | | | | | | | | | | 315
Madison
Avenue, | 3rd
Floor | | | | | | | | | | | New
York | NY | | 10017 | | | | | | | | | | | | | | | Robert
Gerard
Vallone
(332)
248-2904 | | | rvallone@templuminc.com | | | | | | | | | | | | | | | Sanville
&
Company | | | | | | | | | | | | 1514
Old
York
Road | Abington | PA | 19001 | | | | | | | | | 09/18/2003 | | 169 | | | | | | | | | | | | | | | {1}------------------------------------------------ | Jose Ramos | | | | |----------------|-----|---------------------|--| | | | Templum Markets LLC | | | December
31 | 025 | | | | Chief Executive Officer | | |-------------------------|--| - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ # **TEMPLUM MARKETS LLC** Statement of Financial Condition Year Ended December 31, 2025 With Report of Independent Registered Public Accounting Firm {3}------------------------------------------------ ## **Templum Markets LLC Financial Condition Index Year Ended December 31, 2025** | | Page | |---------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statements: | | | Statement of Financial Condition | 2 | | Notes to the Statement of Financial Condition | 3-6 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member and Those Charged With Governance of Templum Markets LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Templum Markets LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of the Company as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2022 Huntingdon Valley, Pennsylvania February 20, 2026 {5}------------------------------------------------ # **Templum Markets LLC Statement of Financial Condition December 31, 2025** | Assets | | |-----------------------------------------------------------------------------------------|---------------| | Cash | \$
381,384 | | Accounts receivable | 264,867 | | Prepaid expenses | 31,815 | | Other assets | 7,984 | | Total Assets | \$
686,050 | | Liabilities and Member's Equity
Liabilities:
Accounts payable and accrued expense | \$
50,965 | | Total liabilities | 50,965 | | Member's equity | 635,085 | | Total Liabilities and Member's Equity | \$
686,050 | See accompanying notes to the financial statements {6}------------------------------------------------ # **1. ORGANIZATION** Templum Markets LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is also a member of the Securities Investor Protection Corporation ("SIPC"). The Company is a single member Delaware limited liability company and a wholly owned subsidiary of Templum, Inc. (the "Parent") which is the sole managing member. As a limited liability company, the member's liability is limited to its investment. The Company is in the business of 1) retailing corporate equity securities over-the-counter on an agency basis 2) retailing corporate equity securities over-the-counter on an riskless principal basis, 3) arranging for transactions in listed securities by exchange member 4) participating as an underwriter or selling group (corporate securities other than mutual funds); 5) retailing mutual fund on an application/subscription basis; 6) retailing mutual fund through fully disclosed clearing firm; 7) providing private placements of securities, including Reg A.; 8) engaging in the sale of limited partnerships in primary or secondary distributions(direct participation program); 9) Operating an alternative trading system (the "ATS"); 10) engaging in Crowd Funding; 11) trading of nonexchange listed real estate investment trusts (REITS); 12) participating in referral business. # **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** ### **Basis of Presentation** The accounting policies and reporting practices of the Company conform to the practices in the broker-dealer industry and are in accordance with accounting principles generally accepted in the United States of America. #### **Use of Estimates** The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. Actual results can differ from those estimates. #### **Government and Other Regulation** The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations, including the SEC and FINRA. Such regulation includes, among other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the applicable requirements of these organizations. As a registered broker dealer, the Company is subject to the SEC's Net Capital rule (Rule 15c3-1) which requires that the Company maintain a minimum net capital, as defined. The Company is exempt from Rule 15c3-3 under (k)(2)(i) & (k)(2)(ii) as the Company does not hold any customers' funds or securities. #### **Cash** The Company maintains its bank accounts in high credit quality financial institutions. Balances at times may exceed federally insured limits. {7}------------------------------------------------ ### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)** #### **Accounts Receivable** The Company passed through certain clearing costs directly to its customers and recorded receivables for any uncollected amounts. Management continuously evaluates receivables for collectability, and establishes a reserve in the event any receivable is determined to not be reasonably assured. #### **Income Taxes** The Company is a single member LLC and as such is considered a disregarded entity for income tax purposes. Its taxable income or loss is included in the consolidated corporate income tax returns filed by its sole member. The accompanying financial statements reflect the Company's income tax effects as if the Company filed separate tax returns. Income taxes are accounted for by the asset/liability approach. Deferred taxes represent the expected future tax consequences when the reported amounts of assets and liabilities are recovered or paid. They arise from differences between the financial reporting and tax bases of assets and liabilities and are adjusted for changes in tax laws and tax rates when those changes are enacted. The provision for income taxes represents the total of income taxes paid or payable for the current year, plus the change in deferred taxes during the year. The Company provides deferred taxes for differences in the timing of deductions for book and tax reporting purposes principally related to net operating loss carryforwards. The Company has adopted the provisions of FASB Accounting Standards Codification 740-10, Accounting for Uncertainty in Income Taxes. Thus, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a pass-through entity, and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that no provision or liability for income taxes is necessary. #### **Revenue Recognition** The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"). This revenue recognition guidance requires that entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. #### **Segment Reporting** The Accounting Standards Update (ASU) 2023-07 issued by the Financial Accounting Standards Board (FASB) introduced enhancements to segment reporting requirements for public entities, including broker-dealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2023. The Company has identified its Chief Executive Officer as the Chief Operating Decision Maker as specified in the ASU 2023-07. Company management reviewed the ASU 2023-07 disclosure requirements and determined that no additional disclosures are required as the Company has only one reportable segment. {8}------------------------------------------------ # **3. RELATED PARTY TRANSACTIONS** The Company has an Expense Sharing Agreement ("ESA") in place with its Parent for technology, communications, occupancy and personnel services provided by the Parent. The Company's expenses, pursuant to the terms of the ESA for the year ended December 31, 2025, were \$588,805, and no amounts were due as of December 31, 2025. In addition, the Parent at times pays for operating expenses on behalf of the Company for which the Parent subsequently seeks reimbursement. As of December 31, 2025, there were no amounts due to the Parent as a result of these arrangements. Separately, the Company transitioned to remote working therefore, there are no rental of office spaces expense. The Company has an Advisory Services Agreement ("ASA") in place with Cosmos Fund LLC, an affiliated entity of its Parent. The Company's revenues, pursuant to the terms of the ASA for the year ended December 31, 2025, were \$2,644,402. As of December 31, 2025, \$264,867 was due to the Company as a result of this arrangement. The financial position and results of operations might differ from the amounts in the accompanying financial statements if these transactions did not exist. # **4. NET CAPITAL REQUIREMENTS** The Company, as a registered broker-dealer, is subject to the Securities and Exchange Commission's Net Capital Rule (Rule 15c3-1), which requires that the Company maintain Net Capital (as defined in the Rule) equal to the greater of \$100,000 or 1500% of Aggregate Indebtedness (also as defined) and requires that the ratio of Aggregate Indebtedness to net capital shall not exceed 15 to 1. At December 31, 2025, the Company's Net Capital was \$330,419 which was in excess of the required Net Capital by \$230,419. At December 31, 2025, the Company's ratio of Aggregate Indebtedness to Net Capital was 0.15 to 1. # **5. CLEARING BROKER AGREEMENT** The Company had an agreement with DriveWealth, LLC (the "Clearing Broker") to provide execution and clearing services on behalf of its customers on a fully disclosed basis. This agreement was terminated on December 31,2024. All customer records and accounts were maintained by the Clearing Broker. In exchange for providing execution and clearing services, the Company shared a portion of the commissions it earned under the agreement with the Clearing Broker. The commissions shared with the Clearing Broker are reflected as commissions expense within the accompanying Statement of Income. The Company additionally passed through certain clearing charges from the Clearing Broker directly to the Company's customers at cost. The Company had a deposit with the Clearing Broker that was refunded on April 14, 2025 when all activity was settled. In accordance with the clearing agreement, the Clearing Broker had the right to charge the Company for certain losses that resulted from the Company's or a counterparty's failure to fulfill certain contractual obligations. No such losses occurred in 2025. {9}------------------------------------------------ # **6. CONTINGENCIES** The Company is exposed to various asserted and unasserted potential claims encountered in the normal course of business. As of December 31, 2025, there were no such claims. ### **7. CONCENTRATIONS** During the year ended December 31, 2025, the Company earned 67% of revenues from Cosmos Fund LLC, a related entity. Refer to footnote 3. # **8. SUBSEQUENT EVENTS** Management has evaluated potential financial statement or disclosure effects from the impact of all subsequent events through the issuance date of these financial statements. No such events require disclosure. Page 6 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.