TOP Financial Group Limited(TOP)Earnings, Financials & Key Ratios
TOP•NASDAQ
$1.88
Price updated Jul 2, 2026
AboutTOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures. It also offers stock brokerage, options brokerage, consulting services, currency exchange services, structured note subscriber services, and margin financing services. The company was formerly known as Zhong Yang Financial Group Limited and changed its name to TOP Financial Group Limited in July 2022. The company was founded in 2015 and is based in Hong Kong, Hong Kong. TOP Financial Group Limited is a subsidiary of Zhong Yang Holdings (BVI) Limited.Show more
- EBITDA-$5M-576.1%
- Net Income-$6M-667.7%
- EPS (Diluted)-0.16-590.8%
- Gross Margin7.4%-86.3%
- EBITDA Margin-161.93%-1249.3%
- Operating Margin-167.21%-1460.4%
- Net Margin-179.3%-1470.4%
- ROE-15.83%-675.7%
TOP Price & Volume
TOP Financial Group Limited (TOP) stock price & volume — 10-year historical chart
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Persistent Revenue Volatility Challenges Operational Viability
Investment Thesis • Updated 2026Q2
VerdictNegative: The firm's inability to sustain positive operating cash flow
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Operational scale and liquidity
Key Thesis Takeaways
- TOP Financial Group faces significant structural headwinds characterized by extreme revenue instability, with quarterly figures oscillating between $8.2 million and $887.8K.
- The firm's inability to maintain consistent profitability, evidenced by a -160.3% operating margin in 2024Q4, suggests a fragile business model highly sensitive to cyclical trading volumes.
- Investors should monitor the rapid depletion of liquid assets, which fell from $25.9 million in 2024Q4 to $12.2 million by 2025Q4, as this may necessitate future dilutive financing to sustain operations.
Verdict Logic
coupled with a rapid decline in liquid resources from $25.9 million to $12.2 million over four quarters, presents an unacceptable risk profile for long-term capital preservation.
TOP Growth Metrics
TOP Financial Group Limited (TOP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-27.39%
3 Years-24.77%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-186.63%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-180.94%
Return on Capital
10 Years23.08%
5 Years24.56%
3 Years1.18%
Last Year-13.6%
Peers Comparison
Key metrics vs top competitors for TOP Financial Group Limited (TOP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.88 | $69.68M | -11.75 | -58.58% | -179.3% | -15.83% | — | |
| $99.92 | $13.94B | 9.79 | 67.83% | 44.27% | 26.38% | — | |
| $9.09 | $329.32M | -1.08 | -7.02% | -38.17% | — | — | |
| $4.62 | $856.62M | 5.02 | 56.74% | 24.18% | 17.64% | — | |
| $10.80 | $1.49B | -10.49 | 13.95% | -11.79% | -9.59% | — | |
| $0.96 | $7.27M | 0.33 | 5.81% | 100.3% | 12.95% | — |
Compare TOP vs Peers
TOP Financial Group Limited (TOP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TOP Frequently Asked Questions
TOP Financial Group Limited (TOP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is TOP Financial Group Limited's revenue?
TOP Financial Group Limited (TOP) reported $7.1M in revenue for fiscal year 2025.
How fast is TOP Financial Group Limited growing?
TOP Financial Group Limited (TOP) saw revenue decline by 58.6% over the past year.
Is TOP profitable?
TOP Financial Group Limited (TOP) reported a net loss of $8.4M for fiscal year 2025.
Dividend & Returns
What is TOP's return on equity?
TOP Financial Group Limited (TOP) has a return on equity (ROE) of -15.8%. Negative ROE indicates the company is unprofitable.
What is TOP Financial Group Limited's free cash flow?
TOP Financial Group Limited (TOP) generated $8.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.