TOP
TOP Financial Group Limited
Price Chart
Latest Quote
$2.81
| Previous Close | $2.52 |
| Open | $2.54 |
| Day High | $2.88 |
| Day Low | $2.48 |
| Volume | 757,936 |
Stock Information
| Shares Outstanding | 33.55M |
| Total Debt | $2.22M |
| Cash Equivalents | $13.70M |
| Revenue | $4.72M |
| Net Income | $-1.17M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $122.39M |
| EPS (TTM) | $-0.03 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $98.58M |
| Sales | $4.72M |
| Income | $-1.17M |
| Book/sh | $0.92 |
| Cash/sh | $0.41 |
| Employees | 30 |
Financial Ratios
| Quick Ratio | 1.17 |
| Current Ratio | 1.54 |
| Debt/Eq | 6.49 |
Returns & Margins
| ROA | -1.77% |
| ROE | -3.40% |
| Gross Margin | 59.38% |
| Operating Margin | -46.79% |
| Profit Margin | -24.79% |
Ownership
| Insider Ownership | 8.09% |
| Institutional Ownership | 0.07% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 25.91 |
| P/B | 3.07 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.86 |
| SMA50 | $1.33 |
| SMA200 | $1.10 |
| RSI | 79.17 |
| ATR | 0.2708 |
| Shares Float | 13.49M |
| Short Float | 0.55% |
| Short Ratio | 0.45 |
| Volatility | -1.10 |
| Rel Volume | 1.66 |
Performance History
| Week | +33.18% |
| Month | +123.02% |
| Quarter | +248.64% |
| 6 Months | +172.82% |
| YTD | +178.22% |
| Year | +128.46% |
| 3 Years | -60.97% |
| 10 Years | -83.46% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $2.81 | 757,936 |
| 2026-07-16 | $2.52 | 2,292,900 |
| 2026-07-15 | $2.10 | 317,400 |
| 2026-07-14 | $1.87 | 216,300 |
| 2026-07-13 | $1.84 | 877,100 |
| 2026-07-10 | $2.11 | 646,200 |
| 2026-07-09 | $2.08 | 324,000 |
| 2026-07-08 | $2.03 | 261,900 |
| 2026-07-07 | $1.97 | 341,700 |
| 2026-07-06 | $2.04 | 713,100 |
| 2026-07-02 | $1.77 | 75,900 |
| 2026-07-01 | $1.88 | 223,400 |
| 2026-06-30 | $1.83 | 283,700 |
| 2026-06-29 | $1.67 | 268,400 |
| 2026-06-26 | $1.55 | 216,500 |
| 2026-06-25 | $1.42 | 170,500 |
| 2026-06-24 | $1.47 | 299,800 |
| 2026-06-23 | $1.46 | 299,900 |
| 2026-06-22 | $1.39 | 196,400 |
| 2026-06-18 | $1.37 | 348,100 |
About TOP Financial Group Limited
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of 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 also provides a range of futures products, such as index, forex, agricultural product, energy, and precious metal futures; and operates as an escrow agent in transactions relating to securities sales and transfers. In addition, it offers stock and options brokerage, structured note subscriber, consulting, currency exchange, margin financing, OTC derivative trading, and loan services. The company was formerly known as Zhong Yang Financial Group Limited and changed its name to TOP Financial Group Limited in July 2022. TOP Financial Group Limited was founded in 2015 and is headquartered in Singapore.
đ° Latest News
Income Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $3,707,077 | $3,083,029 | $3,685,604 | $3,828,584 |
| Cost Of Revenue | $3,707,077 | $3,083,029 | $3,685,604 | $3,828,584 |
| Total Revenue | $4,723,765 | $3,329,256 | $8,037,105 | $9,695,402 |
| Operating Revenue | $4,308,279 | $3,097,900 | $7,758,222 | $9,401,319 |
| Expenses | ||||
| Total Expenses | $5,401,086 | $8,896,080 | $7,049,258 | $6,266,139 |
| Rent Expense Supplemental | $428,769 | $130,734 | $133,304 | $124,792 |
| Other Income Expense | $-500,000 | $-256,420 | - | - |
| Operating Expense | $1,694,009 | $5,813,051 | $3,363,654 | $2,437,555 |
| Other Operating Expenses | $120,695 | $57,105 | $120,114 | $188,963 |
| General And Administrative Expense | $2,206,614 | $2,916,039 | $3,072,897 | $2,248,592 |
| Selling And Marketing Expense | - | - | - | $188,963 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-1,170,823 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Normalized Income | $-671,579 | $-5,756,519 | $1,051,539 | $3,397,743 |
| Net Income From Continuing And Discontinued Operation | $-1,170,823 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Net Income Common Stockholders | $-1,170,823 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Net Income | $-1,170,823 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Net Income Including Noncontrolling Interests | $-1,175,539 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Net Income Continuous Operations | $-1,175,539 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Pretax Income | $-1,177,320 | $-5,823,244 | $987,847 | $3,429,263 |
| Special Income Charges | $-500,000 | $-256,420 | $0 | $0 |
| Operating Income | $-677,321 | $-5,566,824 | $987,847 | $3,429,263 |
| Gross Profit | $1,016,688 | $246,227 | $4,351,501 | $5,866,818 |
| Per Share | ||||
| Diluted EPS | - | $-0.16 | $0.03 | $0.10 |
| Basic EPS | - | $-0.16 | $0.03 | $0.10 |
| Other | ||||
| Tax Effect Of Unusual Items | $-756 | $-43,591 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $283,681 | $-5,134,514 | $1,132,344 | $3,550,208 |
| Total Unusual Items | $-500,000 | $-256,420 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $-500,000 | $-256,420 | $0 | $0 |
| Reconciled Depreciation | $461,002 | $175,890 | $144,497 | $120,945 |
| EBITDA (Bullshit earnings) | $-216,319 | $-5,390,934 | $1,132,344 | $3,550,208 |
| EBIT | $-677,321 | $-5,566,824 | $987,847 | $3,429,263 |
| Diluted NI Availto Com Stockholders | $-1,170,823 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Minority Interests | $4,716 | $0 | - | - |
| Tax Provision | $-1,781 | $146,104 | $-63,692 | $31,520 |
| Write Off | $500,000 | $256,420 | $0 | $0 |
| Provision For Doubtful Accounts | $-633,300 | $2,839,907 | $170,643 | $0 |
| Selling General And Administration | $2,206,614 | $2,916,039 | $3,072,897 | $2,248,592 |
| Other Gand A | $1,777,845 | $2,785,305 | $2,939,593 | $2,123,800 |
| Rent And Landing Fees | $428,769 | $130,734 | $133,304 | $124,792 |
| Diluted Average Shares | - | $37,031,391 | $32,278,485 | $34,165,920 |
| Basic Average Shares | - | $37,031,391 | $32,278,485 | $34,165,920 |
| Salaries And Wages | - | - | - | - |
Balance Sheet (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $33,853,751 | $34,821,036 | $40,467,015 | $35,887,628 |
| Total Assets | $86,056,943 | $46,799,758 | $57,642,843 | $40,283,896 |
| Total Non Current Assets | $8,163,022 | $6,798,109 | $5,151,792 | $5,058,379 |
| Other Non Current Assets | $899,299 | $382,782 | $158,106 | $158,300 |
| Non Current Deferred Assets | $43,365 | $0 | - | - |
| Non Current Deferred Taxes Assets | $43,365 | $0 | - | - |
| Investmentin Financial Assets | $710,632 | $1,499,587 | $1,938,481 | $3,741,178 |
| Goodwill And Other Intangible Assets | $89,963 | $64,268 | $63,890 | $63,695 |
| Other Intangible Assets | $63,776 | $64,268 | $63,890 | $63,695 |
| Current Assets | $77,893,921 | $40,001,649 | $52,491,051 | $35,225,517 |
| Restricted Cash | $18,715,497 | $2,947,556 | $12,777,148 | $1,879,472 |
| Receivables | $46,188,502 | $24,826,713 | $13,793,958 | $17,379,624 |
| Loans Receivable | $11,162,121 | $11,957,377 | $4,146,564 | $0 |
| Accounts Receivable | $34,793,816 | $12,869,336 | $9,569,283 | $12,365,238 |
| Allowance For Doubtful Accounts Receivable | $-2,215,182 | $-2,851,633 | $-11,240 | - |
| Gross Accounts Receivable | $37,008,998 | $15,720,969 | $9,580,523 | $12,365,238 |
| Cash Cash Equivalents And Short Term Investments | $12,989,922 | $12,227,380 | $25,919,945 | $15,966,421 |
| Cash And Cash Equivalents | $12,989,922 | $12,227,380 | $25,919,945 | $15,966,421 |
| Financial Assets | - | $0 | $468,919 | $0 |
| Taxes Receivable | - | $0 | $78,111 | $14,386 |
| Other Receivables | - | - | - | $5,000,000 |
| Debt | ||||
| Total Debt | $2,221,938 | $270,866 | $64,826 | $150,139 |
| Long Term Debt And Capital Lease Obligation | $2,221,938 | $270,866 | $64,826 | $150,139 |
| Long Term Debt | $637,755 | - | - | - |
| Current Debt And Capital Lease Obligation | $637,755 | - | - | - |
| Current Debt | $637,755 | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $51,811,799 | $11,914,454 | $17,111,938 | $4,332,573 |
| Total Non Current Liabilities Net Minority Interest | $2,221,938 | $270,866 | $6,204,005 | $100,139 |
| Current Liabilities | $49,589,861 | $11,643,588 | $10,907,933 | $4,232,434 |
| Current Deferred Liabilities | $53,255 | $0 | - | - |
| Current Notes Payable | $637,755 | $0 | - | - |
| Payables And Accrued Expenses | $49,536,606 | $11,643,588 | $10,907,933 | $4,232,434 |
| Payables | $49,009,122 | $11,045,324 | $10,256,270 | $3,543,817 |
| Total Tax Payable | $149,778 | $67,775 | $0 | - |
| Income Tax Payable | $149,778 | $67,775 | $0 | - |
| Accounts Payable | $48,859,344 | $10,977,549 | $10,256,270 | $3,543,817 |
| Derivative Product Liabilities | - | $0 | $6,139,179 | $0 |
| Other Non Current Liabilities | - | - | - | $-50,000 |
| Dividends Payable | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $33,943,714 | $34,885,304 | $40,530,905 | $35,951,323 |
| Total Equity Gross Minority Interest | $34,245,144 | $34,885,304 | $40,530,905 | $35,951,323 |
| Stockholders Equity | $33,943,714 | $34,885,304 | $40,530,905 | $35,951,323 |
| Gains Losses Not Affecting Retained Earnings | $296,688 | $127,649 | $-123,875 | $81,477 |
| Retained Earnings | $4,573,642 | $5,744,465 | $11,713,813 | $10,662,274 |
| Long Term Equity Investment | $3,147,784 | $3,647,784 | $2,004,204 | $256,420 |
| Investments In Other Ventures Under Equity Method | $3,147,784 | $3,647,784 | $1,747,784 | $0 |
| Other Equity Adjustments | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $37,094,416 | $37,044,475 | $37,015,807 | $35,004,635 |
| Share Issued | $37,094,416 | $37,044,475 | $37,015,807 | $35,004,635 |
| Tangible Book Value | $33,853,751 | $34,821,036 | $40,467,015 | $35,887,628 |
| Invested Capital | $34,581,469 | $34,885,304 | $40,530,905 | $35,951,323 |
| Working Capital | $28,304,060 | $28,358,061 | $41,583,118 | $30,993,083 |
| Capital Lease Obligations | $1,584,183 | $270,866 | $64,826 | $150,139 |
| Total Capitalization | $34,581,469 | $34,885,304 | $40,530,905 | $35,951,323 |
| Minority Interest | $301,430 | $0 | - | - |
| Additional Paid In Capital | $29,036,288 | $28,976,144 | $28,903,950 | $25,172,567 |
| Capital Stock | $37,096 | $37,046 | $37,017 | $35,005 |
| Common Stock | $37,096 | $37,046 | $37,017 | $35,005 |
| Long Term Capital Lease Obligation | $1,584,183 | $270,866 | $64,826 | $150,139 |
| Current Deferred Revenue | $53,255 | $0 | - | - |
| Current Accrued Expenses | $527,484 | $598,264 | $651,663 | $688,617 |
| Investments And Advances | $4,458,416 | $5,647,371 | $3,942,685 | $4,197,598 |
| Other Investments | $600,000 | $500,000 | $0 | $200,000 |
| Available For Sale Securities | $710,632 | $1,499,587 | $1,938,481 | $3,741,178 |
| Investment Properties | $255,178 | $414,943 | $412,504 | $413,890 |
| Goodwill | $26,187 | $0 | - | - |
| Net PPE | $2,416,801 | $288,745 | $105,688 | $224,896 |
| Accumulated Depreciation | $-90,172 | $-117,249 | $-96,996 | $-68,273 |
| Gross PPE | $2,506,973 | $405,994 | $202,684 | $293,169 |
| Leases | $465,002 | $0 | - | - |
| Other Properties | $1,557,438 | $269,664 | $59,689 | $156,656 |
| Machinery Furniture Equipment | $484,533 | $136,330 | $142,995 | $136,513 |
| Properties | $0 | $0 | - | - |
| Duefrom Related Parties Current | $232,565 | $0 | - | - |
| Investmentsin Joint Venturesat Cost | - | $0 | $256,420 | $256,420 |
| Treasury Shares Number | - | - | $0 | - |
Cash Flow Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $13,122,296 | $-14,474,455 | $17,752,381 | $-6,117,894 |
| Operating Activities | ||||
| Operating Cash Flow | $14,021,796 | $-14,471,221 | $17,758,444 | $-6,031,451 |
| Cash Flow From Continuing Operating Activities | $14,021,796 | $-14,471,221 | $17,758,444 | $-6,031,451 |
| Operating Gains Losses | $-117,812 | - | $-468,919 | - |
| Investing Activities | ||||
| Capital Expenditure | $-899,500 | $-3,234 | $-6,063 | $-86,443 |
| Investing Cash Flow | $1,281,105 | $-9,361,665 | $-1,280,187 | $-6,542,863 |
| Cash Flow From Continuing Investing Activities | $1,281,105 | $-9,361,665 | $-1,280,187 | $-6,542,863 |
| Net Other Investing Changes | $1,021,637 | $-6,958,431 | $473,660 | $-5,000,000 |
| Financing Activities | ||||
| Financing Cash Flow | $990,788 | $0 | $4,389,992 | $22,500,871 |
| Cash Flow From Continuing Financing Activities | $990,788 | $0 | $4,389,992 | $22,500,871 |
| Net Other Financing Charges | $305,736 | - | - | - |
| Issuance Of Capital Stock | - | $0 | $4,389,992 | $22,650,871 |
| Net Common Stock Issuance | - | $0 | $4,389,992 | $22,650,871 |
| Common Stock Issuance | - | $0 | $4,389,992 | $22,650,871 |
| Cash Dividends Paid | - | - | - | $0 |
| Other | ||||
| Issuance Of Debt | $685,052 | $0 | - | - |
| Interest Paid Supplemental Data | $0 | $0 | $0 | $0 |
| Income Tax Paid Supplemental Data | $0 | $713 | $0 | $25,652 |
| End Cash Position | $31,705,419 | $15,174,936 | $38,697,093 | $17,845,893 |
| Beginning Cash Position | $15,174,936 | $38,697,093 | $17,845,893 | $7,956,759 |
| Effect Of Exchange Rate Changes | $236,794 | $310,729 | $-17,049 | $-37,423 |
| Changes In Cash | $16,293,689 | $-23,832,886 | $20,868,249 | $9,926,557 |
| Net Issuance Payments Of Debt | $685,052 | $0 | - | - |
| Net Long Term Debt Issuance | $685,052 | $0 | - | - |
| Long Term Debt Issuance | $685,052 | $0 | - | - |
| Net Investment Purchase And Sale | $1,018,968 | $-500,000 | $0 | $-1,200,000 |
| Sale Of Investment | $1,118,968 | $0 | - | - |
| Purchase Of Investment | $-100,000 | $-500,000 | $0 | $-1,200,000 |
| Net Business Purchase And Sale | $0 | $-1,900,000 | $-1,747,784 | $-256,420 |
| Purchase Of Business | $0 | $-1,900,000 | $-1,747,784 | $-256,420 |
| Net PPE Purchase And Sale | $-759,500 | $-3,234 | $-6,063 | $-86,443 |
| Sale Of PPE | $140,000 | $0 | - | - |
| Purchase Of PPE | $-899,500 | $-3,234 | $-6,063 | $-86,443 |
| Change In Working Capital | $15,347,260 | $-11,037,053 | $17,040,499 | $-9,600,276 |
| Change In Other Working Capital | $53,255 | - | - | - |
| Change In Other Current Liabilities | $-400,040 | $-145,928 | $-104,277 | $-104,170 |
| Change In Other Current Assets | $-632,095 | $245,047 | $677 | $140,566 |
| Change In Payables And Accrued Expense | $38,237,564 | $-5,459,778 | $12,789,823 | $605,507 |
| Change In Accrued Expense | $12,595 | $-54,194 | $12,483 | $357,681 |
| Change In Payable | $38,224,969 | $-5,405,584 | $12,777,340 | $247,826 |
| Change In Account Payable | $38,142,064 | $587,492 | $6,701,853 | $241,957 |
| Change In Tax Payable | $82,905 | $146,103 | $-63,692 | $5,869 |
| Change In Income Tax Payable | $82,905 | $146,103 | $-63,692 | $5,869 |
| Change In Receivables | $-21,911,424 | $-5,676,394 | $4,354,276 | $-10,242,179 |
| Changes In Account Receivables | $-21,145,202 | $-5,994,530 | $-696,207 | $-4,933,299 |
| Other Non Cash Items | $-345,241 | $-832,724 | $-236,556 | - |
| Stock Based Compensation | $60,194 | $72,223 | $48,603 | $50,137 |
| Unrealized Gain Loss On Investment Securities | $-31,202 | $23,464 | $8,138 | $0 |
| Provisionand Write Offof Assets | $-633,300 | $2,839,907 | $170,643 | $0 |
| Asset Impairment Charge | $500,000 | $256,420 | $0 | $0 |
| Deferred Tax | $-43,566 | $0 | - | - |
| Deferred Income Tax | $-43,566 | $0 | - | - |
| Depreciation Amortization Depletion | $461,002 | $175,890 | $144,497 | $120,945 |
| Depreciation And Amortization | $461,002 | $175,890 | $144,497 | $120,945 |
| Depreciation | $461,002 | $175,890 | $144,497 | $120,945 |
| Gain Loss On Investment Securities | $-118,968 | - | - | - |
| Net Foreign Currency Exchange Gain Loss | $-400 | $0 | $-468,919 | $0 |
| Gain Loss On Sale Of PPE | $1,556 | $0 | - | - |
| Net Income From Continuing Operations | $-1,175,539 | $-5,969,348 | $1,051,539 | $3,397,743 |
| Proceeds From Stock Option Exercised | - | $0 | $0 | $-150,000 |