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TOP

TOP Financial Group Limited

Price Chart
Latest Quote

$2.81

+0.29 (+11.51%)
Current Price
Previous Close $2.52
Open $2.54
Day High $2.88
Day Low $2.48
Volume 757,936
Fetched: 2026-07-17T23:05:26
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
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📊 Comprehensive Analysis
Company Data
Enterprise Value$98.58M
Sales$4.72M
Income$-1.17M
Book/sh$0.92
Cash/sh$0.41
Employees30
Financial Ratios
Quick Ratio1.17
Current Ratio1.54
Debt/Eq6.49
Returns & Margins
ROA-1.77%
ROE-3.40%
Gross Margin59.38%
Operating Margin-46.79%
Profit Margin-24.79%
Ownership
Insider Ownership8.09%
Institutional Ownership0.07%
Insider & Institutional transactions data not available
Valuation Ratios
P/S25.91
P/B3.07
Analyst Data
Recommendationnone
Technical Indicators
SMA20$1.86
SMA50$1.33
SMA200$1.10
RSI79.17
ATR0.2708
Shares Float13.49M
Short Float0.55%
Short Ratio0.45
Volatility-1.10
Rel Volume1.66
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%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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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.

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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 - - - -
Fetched: 2026-07-16
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 -
Fetched: 2026-07-16
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
Fetched: 2026-07-16