# BEEHIVE TRADING, LLC X-17A-5 (2026-03-30) — Broker-dealer annual report - Company: BEEHIVE TRADING, LLC - Form: X-17A-5 - Filed: 2026-03-30 - Period: 2025-12-31 - Accession: 0001995815-26-000004 - CIK: 1995815 - File #: 8-71168 - Type: Broker-dealer - Material weakness: No - Auditor: HOLT & PATTERSON - Auditor location: CHESTERFIELD, MO - Contact: GARY CUCCIA - Phone: 732-713-9607 - Signed by: GARY CUCCIA (CHIEF FINANCIAL OFFICER) Original filing: https://www.sec.gov/Archives/edgar/data/1995815/000199581526000004/beehiveedgarbs.pdf --- {0}------------------------------------------------ # **BEEHIVE TRADING, LLC** # **Statement of Financial Condition** # **Including Independent Registered Public Accounting Firm's Report Thereon** # **As of December 31, 2025** {1}------------------------------------------------ # BEEHIVE TRADING, LLC ## STATEMENT OF FINANCIAL CONDITION, REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM #### DECEMBER 31, 2025 #### CONTENTS ## PAGE | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ……………… | 1 | |----------------------------------------------------------------|-------------| | Statement of Financial Condition
| 2 | | Notes to Statement
of Financial Condition
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7 | {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) {3}------------------------------------------------ # **BEEHIVE TRADING, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025** #### ASSETS | Cash | \$
233,502 | |----------------------------------------|-----------------| | Investment in U.S. Treasury Bills | 500,000 | | Receivable from clearing firm | 1,142,893 | | Prepaid expenses and other assets | 21,798 | | TOTAL ASSETS | \$
1,898,193 | | LIABILITIES AND MEMBER'S EQUITY | | | LIABILITIES | | | Accrued expenses and other liabilities | \$
142,041 | | TOTAL LIABILITIES | 142,041 | | MEMBER'S EQUITY | 1,756,152 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
1,898,193 | The accompanying notes are an integral part of this statement of financial condition. {4}------------------------------------------------ # **1. Organization and Nature of Business** BeeHive Trading, LLC (the "Company") is a securities broker-dealer located in New York State. It is registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"), both effective May 3, 2024. The Company was formed in the State of Delaware as on September 19, 2023. The Company's FINRA membership was approved on May 3, 2024.The Company provides trusted, diversified liquidity to the world's most important financial market. We are a dealer and principal market maker providing firm, executable prices in U.S. government securities with a focus on excellence, integrity, and innovation. As a regulated Broker Dealer, the Company's operating activities are specified by SEC and FINRA regulations, including its authorized lines of business; investor accreditation criteria; and exemption from SEC Rule 15c3-3. # **2. Summary of Significant Accounting Policies** ## **Basis of Presentation** The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") as detailed in the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC"). The financial statements have been presented from the effective date of FINRA membership approval through the end of the fiscal year. ### **Use of Estimates** The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported and disclosed in the financial statements. Actual results could differ from those estimates. #### **Cash** The Company maintains a bank account with a major financial institution. The Company's cash balance may at times exceed the Federal Deposit Insurance Corporation ("FDIC") insurance limit of \$250,000. As of December 31, 2025 the cash balance of \$233,502 was fully insured by the FDIC. The Company has defined cash equivalents as highly liquid investments with original maturities of less than three months. Company has not experienced any losses in cash and believes it is not exposed to significant credit risk. #### **Investments** The Company has investments in U.S. Treasury Bills with maturities from 30 days to six months deposited with a bank and broker / dealers in the amount of \$1,506,891. At December 31, 2025 the U.S. Treasury Bills are recorded at the current mark value. {5}------------------------------------------------ ## *2. Summary of Significant Accounting Policies - continued* ### **Accounts Receivable** The Company processed all of its trade transactions through Marex Capital Markets Inc. through October 6, 2025. Starting on October 7th, all trade transactions are processed through Mirae Asset Securities (USA) LLC ("Clearing Firms"). Receivable from Clearing Firm as of December 31, 2025, amounted to \$63,643 is stated at net realizable value. No allowance for doubtful accounts was required based upon the Company's assessment in accordance with ASC 326, Financial Instruments – Current Expected Credit Losses ("CECL"). This standard requires the immediate recognition of estimated credit losses expected over the life of the financial asset. The Company's CECL evaluation considered factors such as historical experience; credit quality; terms; balances; current and future economic conditions; and other matters relevant to collectability. ### **Income Taxes** As a single-Member LLC, the Company is treated as a disregarded entity for federal and New York State income tax purposes. Accordingly, the Member is personally responsible for the federal and state income taxes on the Company's taxable income. Therefore, no provision for federal and state income taxes was made in these financial statements. # *Factors used to identify reportable segments and types of products and services from which reportable segment derives revenue* The Company has one reportable segment: securities trading. The securities trading segment provides a trading platform where counterparties can purchase and sell securities for which the Company receives a commission. The Company derives revenue primarily in North America. The Company's chief operating decision maker is the chief executive officer. #### *Measure of profit or loss and total assets* The accounting policies of the trading segment are the same as those described in the summary of significant accounting policies. Securities transactions, as well as the associated trading profit or loss and costs, are recorded on the trade date. The Company's performance obligation is satisfied on the trade date because that is when the underlying securities, counterparty, and pricing have been determined; and ownership risks and rewards are transferred. # *3. Counterparty Concentration* The Company's business model is to focus on multiple market participants. As of December 31, 2025, interaction with any one market participant accounted for less than 10% of trading revenues. {6}------------------------------------------------ # *4. Leases* The Company made the short-term lease election to exempt its office lease from the accounting requirements of ASC 842, Leases. # *5 Segment Reporting* In November 2023, the FASB issued ASU 2023-07 on segment reporting effective for entities with fiscal years beginning after December 15, 2023. The Company has one reportable segment: securities trading (the "Segment"). The Segment provides a trading platform where customers can purchase and sell securities for which the Company receives a commission. The Company derives revenue primarily in North America. The Company has not commenced operations and did not recognize any commission revenue for the year ended December 31, 2025. The Company's chief operating decision maker (the "CODM") is the chief executive officer. The accounting policies of the Segment are the same as those described in the summary of significant accounting policies. The CODM assesses the performance of the Segment and decides how to allocate resources based on net income as reported on the Statement of Operations. The measure of Segment assets is reported in the Statement of Financial Condition as total assets. The Company's expenses are regularly reviewed by the CODM in a format that aligns directly with the total as presented in the Statement of Operations. # *6. Net Capital Requirements* The Company is subject to SEC Rule 15c3-1 Computation of Net Capital ("Rule 15c3-1"), which requires the maintenance of minimum Net Capital equivalent to the greater of \$100,000 or 6-2/3% of Aggregate Indebtedness at December 31, 2025, both as defined. Rule 15c3-1 also requires that the ratio of Aggregate Indebtedness to Net Capital shall not exceed 15 to 1. Further, Rule 15c3-1 provides that equity capital may not be withdrawn, or cash dividends paid if the resulting Net Capital ratio exceeds 10 to 1. At December 31, 2025, the Company had Net Capital of \$1,731,834 which was \$1,631,854 in excess of its required minimum of \$100,000. The Company's ratio of Aggregate Indebtedness to Net Capital was .08 to 1. The Company claims exemption from Rule 15c3-3 of the Securities Exchange Act of 1934 as provided by paragraphs k(2)(i) and (k)(2)(ii). Accordingly, the Company is not required to submit a computation for the determination of reserve requirements or information relating to possession or control requirements. {7}------------------------------------------------ # *7. Commitments and Contingencies* The Company may be involved in litigation, claims and regulatory actions arising out of its business as a securities broker-dealer. The Company is not aware of any such matters for the period ended December 31, 2025. The Company had no commitments, guarantees or indemnifications as of December 31, 2025. # *8. Recently Issued Accounting Pronouncements* The Company is subject to ongoing revisions to the GAAP standards in effect applicable to the preparation of its financial statements. The Company has either evaluated or is currently evaluating the impact of pending FASB pronouncements. The Company believes that these future standards will not have a material impact on its financial statements. # *9. Subsequent Events* The Company has evaluated subsequent events through the date the financial statements were issued. No material subsequent events occurred that were required to be recognized or disclosed in the Company's financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.