TOP
TOP Financial Group Limited
Price Chart
Latest Quote
$1.37
| Previous Close | $1.29 |
| Open | $1.33 |
| Day High | $1.39 |
| Day Low | $1.19 |
| Volume | 329,571 |
Stock Information
| Shares Outstanding | 27.11M |
| Total Debt | $223K |
| Cash Equivalents | $15.62M |
| Revenue | $4.36M |
| Net Income | $-5.33M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $50.84M |
| EPS (TTM) | $-0.14 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $31.30M |
| Sales | $4.36M |
| Income | $-5.33M |
| Book/sh | $0.94 |
| Cash/sh | $0.58 |
| Employees | 18 |
Financial Ratios
| Quick Ratio | 1.66 |
| Current Ratio | 1.96 |
| Debt/Eq | 0.64 |
Returns & Margins
| ROA | -8.58% |
| ROE | -14.23% |
| Gross Margin | 50.43% |
| Operating Margin | 6.64% |
| Profit Margin | -122.35% |
Ownership
| Insider Ownership | 74.02% |
| Institutional Ownership | 0.60% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 11.67 |
| P/B | 1.45 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.07 |
| SMA50 | $0.92 |
| SMA200 | $1.05 |
| RSI | 81.22 |
| ATR | 0.1340 |
| Shares Float | 7.00M |
| Short Float | 2.18% |
| Short Ratio | 1.61 |
| Volatility | -0.93 |
| Rel Volume | 2.37 |
Performance History
| Week | +22.32% |
| Month | +42.71% |
| Quarter | +71.25% |
| 6 Months | +24.55% |
| YTD | +35.64% |
| Year | +9.60% |
| 3 Years | -81.93% |
| 10 Years | -91.94% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $1.37 | 348,100 |
| 2026-06-17 | $1.29 | 195,200 |
| 2026-06-16 | $1.26 | 348,500 |
| 2026-06-15 | $1.26 | 168,300 |
| 2026-06-12 | $1.15 | 95,400 |
| 2026-06-11 | $1.12 | 146,300 |
| 2026-06-10 | $1.11 | 160,200 |
| 2026-06-09 | $1.08 | 192,500 |
| 2026-06-08 | $1.05 | 121,600 |
| 2026-06-05 | $1.00 | 355,300 |
| 2026-06-04 | $1.08 | 141,000 |
| 2026-06-03 | $1.09 | 185,600 |
| 2026-06-02 | $1.01 | 129,100 |
| 2026-06-01 | $0.92 | 37,300 |
| 2026-05-29 | $0.95 | 54,400 |
| 2026-05-28 | $0.93 | 11,100 |
| 2026-05-27 | $0.95 | 45,800 |
| 2026-05-26 | $0.94 | 108,300 |
| 2026-05-22 | $0.98 | 65,400 |
| 2026-05-21 | $0.92 | 30,100 |
| 2026-05-20 | $0.92 | 80,200 |
| 2026-05-19 | $0.96 | 210,100 |
About TOP Financial Group Limited
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. The company 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. It 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, the company 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. The company was founded in 2015 and is headquartered in Singapore. TOP Financial Group Limited is a subsidiary of Zhong Yang Holdings (BVI) Limited.
đ° Latest News
Income Statement (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $3,083,029 | $3,685,604 | $3,828,584 | $3,290,686 |
| Cost Of Revenue | $3,083,029 | $3,685,604 | $3,828,584 | $3,290,686 |
| Total Revenue | $3,329,256 | $8,037,105 | $9,695,402 | $7,820,395 |
| Operating Revenue | $3,097,900 | $7,758,222 | $9,401,319 | $7,539,718 |
| Expenses | ||||
| Total Expenses | $8,896,080 | $7,049,258 | $6,266,139 | $4,240,443 |
| Rent Expense Supplemental | $130,734 | $133,304 | $124,792 | $129,064 |
| Other Income Expense | $-256,420 | - | - | - |
| Operating Expense | $5,813,051 | $3,363,654 | $2,437,555 | $949,757 |
| Other Operating Expenses | $57,105 | $120,114 | $188,963 | $53,337 |
| General And Administrative Expense | $3,076,087 | $3,072,897 | $2,248,592 | $896,420 |
| Selling And Marketing Expense | - | - | $188,963 | $53,337 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Normalized Income | $-5,756,519 | $1,051,539 | $3,397,743 | $3,491,305 |
| Net Income From Continuing And Discontinued Operation | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Net Income Common Stockholders | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Net Income | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Net Income Including Noncontrolling Interests | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Net Income Continuous Operations | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Pretax Income | $-5,823,244 | $987,847 | $3,429,263 | $3,579,952 |
| Special Income Charges | $-256,420 | $0 | $0 | - |
| Operating Income | $-5,566,824 | $987,847 | $3,429,263 | $3,579,952 |
| Gross Profit | $246,227 | $4,351,501 | $5,866,818 | $4,529,709 |
| Per Share | ||||
| Diluted EPS | $-0.16 | $0.03 | $0.10 | $0.10 |
| Basic EPS | $-0.16 | $0.03 | $0.10 | $0.10 |
| Other | ||||
| Tax Effect Of Unusual Items | $-43,591 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-5,134,514 | $1,132,344 | $3,550,208 | $3,644,529 |
| Total Unusual Items | $-256,420 | $0 | $0 | - |
| Total Unusual Items Excluding Goodwill | $-256,420 | $0 | $0 | - |
| Reconciled Depreciation | $175,890 | $144,497 | $120,945 | $64,577 |
| EBITDA (Bullshit earnings) | $-5,390,934 | $1,132,344 | $3,550,208 | $3,644,529 |
| EBIT | $-5,566,824 | $987,847 | $3,429,263 | $3,579,952 |
| Diluted Average Shares | $37,031,391 | $32,278,485 | $34,165,920 | $35,000,000 |
| Basic Average Shares | $37,031,391 | $32,278,485 | $34,165,920 | $35,000,000 |
| Diluted NI Availto Com Stockholders | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |
| Tax Provision | $146,104 | $-63,692 | $31,520 | $88,647 |
| Write Off | $256,420 | $0 | $0 | - |
| Provision For Doubtful Accounts | $2,679,859 | $170,643 | $0 | $0 |
| Selling General And Administration | $3,076,087 | $3,072,897 | $2,248,592 | $896,420 |
| Other Gand A | $2,945,353 | $2,939,593 | $2,123,800 | $767,356 |
| Rent And Landing Fees | $130,734 | $133,304 | $124,792 | $129,064 |
| Salaries And Wages | - | - | - | - |
Balance Sheet (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $34,821,036 | $40,467,015 | $35,887,628 | $10,131,265 |
| Total Assets | $46,799,758 | $57,642,843 | $40,283,896 | $13,880,816 |
| Total Non Current Assets | $6,798,109 | $5,151,792 | $5,058,379 | $2,313,066 |
| Other Non Current Assets | $382,782 | $158,106 | $158,300 | $296,532 |
| Financial Assets | $0 | $468,919 | $0 | - |
| Investmentin Financial Assets | $1,499,587 | $1,938,481 | $3,741,178 | $1,288,747 |
| Goodwill And Other Intangible Assets | $64,268 | $63,890 | $63,695 | $63,837 |
| Current Assets | $40,001,649 | $52,491,051 | $35,225,517 | $11,567,750 |
| Restricted Cash | $2,947,556 | $12,777,148 | $1,879,472 | $1,757,546 |
| Receivables | $24,826,713 | $13,793,958 | $17,379,624 | $3,610,991 |
| Taxes Receivable | $0 | $78,111 | $14,386 | $20,292 |
| Loans Receivable | $11,957,377 | $4,146,564 | $0 | $0 |
| Accounts Receivable | $12,869,336 | $9,569,283 | $12,365,238 | $3,590,699 |
| Allowance For Doubtful Accounts Receivable | $-261,342 | $-11,240 | - | - |
| Gross Accounts Receivable | $13,130,678 | $9,580,523 | $12,365,238 | $3,590,699 |
| Cash Cash Equivalents And Short Term Investments | $12,227,380 | $25,919,945 | $15,966,421 | $6,199,213 |
| Cash And Cash Equivalents | $12,227,380 | $25,919,945 | $15,966,421 | $6,199,213 |
| Other Receivables | - | - | $5,000,000 | - |
| Debt | ||||
| Total Debt | $270,866 | $64,826 | $150,139 | $244,861 |
| Long Term Debt And Capital Lease Obligation | $270,866 | $64,826 | $150,139 | $244,861 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $11,914,454 | $17,111,938 | $4,332,573 | $3,685,714 |
| Total Non Current Liabilities Net Minority Interest | $270,866 | $6,204,005 | $100,139 | $244,861 |
| Derivative Product Liabilities | $0 | $6,139,179 | $0 | - |
| Current Liabilities | $11,643,588 | $10,907,933 | $4,232,434 | $3,440,853 |
| Payables And Accrued Expenses | $11,643,588 | $10,907,933 | $4,232,434 | $3,440,853 |
| Payables | $11,045,324 | $10,256,270 | $3,543,817 | $3,309,536 |
| Total Tax Payable | $67,775 | $0 | - | $0 |
| Income Tax Payable | $67,775 | $0 | - | $0 |
| Accounts Payable | $10,977,549 | $10,256,270 | $3,543,817 | $3,309,536 |
| Other Non Current Liabilities | - | - | $-50,000 | - |
| Dividends Payable | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $34,885,304 | $40,530,905 | $35,951,323 | $10,195,102 |
| Total Equity Gross Minority Interest | $34,885,304 | $40,530,905 | $35,951,323 | $10,195,102 |
| Stockholders Equity | $34,885,304 | $40,530,905 | $35,951,323 | $10,195,102 |
| Gains Losses Not Affecting Retained Earnings | $127,649 | $-123,875 | $81,477 | $-34,024 |
| Retained Earnings | $5,744,465 | $11,713,813 | $10,662,274 | $7,264,531 |
| Long Term Equity Investment | $3,647,784 | $2,004,204 | $256,420 | $0 |
| Investments In Other Ventures Under Equity Method | $3,647,784 | $1,747,784 | $0 | - |
| Other Equity Adjustments | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $37,044,475 | $37,015,807 | $35,004,635 | $35,000,000 |
| Share Issued | $37,044,475 | $37,015,807 | $35,004,635 | $35,000,000 |
| Tangible Book Value | $34,821,036 | $40,467,015 | $35,887,628 | $10,131,265 |
| Invested Capital | $34,885,304 | $40,530,905 | $35,951,323 | $10,195,102 |
| Working Capital | $28,358,061 | $41,583,118 | $30,993,083 | $8,126,897 |
| Capital Lease Obligations | $270,866 | $64,826 | $150,139 | $244,861 |
| Total Capitalization | $34,885,304 | $40,530,905 | $35,951,323 | $10,195,102 |
| Additional Paid In Capital | $28,976,144 | $28,903,950 | $25,172,567 | $2,934,595 |
| Capital Stock | $37,046 | $37,017 | $35,005 | $30,000 |
| Common Stock | $37,046 | $37,017 | $35,005 | $30,000 |
| Long Term Capital Lease Obligation | $270,866 | $64,826 | $150,139 | $244,861 |
| Current Accrued Expenses | $598,264 | $651,663 | $688,617 | $131,317 |
| Investments And Advances | $5,647,371 | $3,942,685 | $4,197,598 | $1,288,747 |
| Other Investments | $500,000 | $0 | $200,000 | $0 |
| Available For Sale Securities | $1,499,587 | $1,938,481 | $3,741,178 | $1,288,747 |
| Investmentsin Joint Venturesat Cost | $0 | $256,420 | $256,420 | $0 |
| Investment Properties | $414,943 | $412,504 | $413,890 | $413,890 |
| Net PPE | $288,745 | $105,688 | $224,896 | $250,060 |
| Accumulated Depreciation | $-117,249 | $-96,996 | $-68,273 | $-54,216 |
| Gross PPE | $405,994 | $202,684 | $293,169 | $304,276 |
| Other Properties | $269,664 | $59,689 | $156,656 | $242,665 |
| Machinery Furniture Equipment | $136,330 | $142,995 | $136,513 | $61,611 |
| Treasury Shares Number | - | $0 | - | - |
| Duefrom Related Parties Current | - | - | - | - |
Cash Flow Statement (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-14,474,455 | $17,752,381 | $-6,117,894 | $1,171,031 |
| Operating Activities | ||||
| Operating Cash Flow | $-14,471,221 | $17,758,444 | $-6,031,451 | $1,584,921 |
| Cash Flow From Continuing Operating Activities | $-14,471,221 | $17,758,444 | $-6,031,451 | $1,584,921 |
| Operating Gains Losses | - | $-468,919 | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-3,234 | $-6,063 | $-86,443 | $-413,890 |
| Investing Cash Flow | $-9,361,665 | $-1,280,187 | $-6,542,863 | $-413,890 |
| Cash Flow From Continuing Investing Activities | $-9,361,665 | $-1,280,187 | $-6,542,863 | $-413,890 |
| Net Other Investing Changes | $-6,958,431 | $473,660 | $-5,000,000 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $0 | $4,389,992 | $22,650,871 | $0 |
| Financing Cash Flow | $0 | $4,389,992 | $22,500,871 | $0 |
| Cash Flow From Continuing Financing Activities | $0 | $4,389,992 | $22,500,871 | $0 |
| Net Common Stock Issuance | $0 | $4,389,992 | $22,650,871 | $0 |
| Common Stock Issuance | $0 | $4,389,992 | $22,650,871 | $0 |
| Cash Dividends Paid | - | - | $0 | $0 |
| Net Other Financing Charges | - | - | - | - |
| Other | ||||
| Interest Paid Supplemental Data | $0 | $0 | $0 | $0 |
| Income Tax Paid Supplemental Data | $713 | $0 | $25,652 | $103,324 |
| End Cash Position | $15,174,936 | $38,697,093 | $17,845,893 | $7,956,759 |
| Beginning Cash Position | $38,697,093 | $17,845,893 | $7,956,759 | $6,835,476 |
| Effect Of Exchange Rate Changes | $310,729 | $-17,049 | $-37,423 | $-49,748 |
| Changes In Cash | $-23,832,886 | $20,868,249 | $9,926,557 | $1,171,031 |
| Proceeds From Stock Option Exercised | $0 | $0 | $-150,000 | $0 |
| Net Investment Purchase And Sale | $-500,000 | $0 | $-1,200,000 | $0 |
| Purchase Of Investment | $-500,000 | $0 | $-1,200,000 | $0 |
| Net Business Purchase And Sale | $-1,900,000 | $-1,747,784 | $-256,420 | $0 |
| Purchase Of Business | $-1,900,000 | $-1,747,784 | $-256,420 | $0 |
| Net PPE Purchase And Sale | $-3,234 | $-6,063 | $-86,443 | $-413,890 |
| Purchase Of PPE | $-3,234 | $-6,063 | $-86,443 | $-413,890 |
| Change In Working Capital | $-11,037,053 | $17,040,499 | $-9,600,276 | $-1,970,961 |
| Change In Other Current Liabilities | $-145,928 | $-104,277 | $-104,170 | $-51,589 |
| Change In Other Current Assets | $245,047 | $677 | $140,566 | $-143,229 |
| Change In Payables And Accrued Expense | $-5,459,778 | $12,789,823 | $605,507 | $-64,379 |
| Change In Accrued Expense | $-54,194 | $12,483 | $357,681 | $13,830 |
| Change In Payable | $-5,405,584 | $12,777,340 | $247,826 | $-78,209 |
| Change In Account Payable | $587,492 | $6,701,853 | $241,957 | $71,370 |
| Change In Tax Payable | $146,103 | $-63,692 | $5,869 | $-149,579 |
| Change In Income Tax Payable | $146,103 | $-63,692 | $5,869 | $-149,579 |
| Change In Receivables | $-5,676,394 | $4,354,276 | $-10,242,179 | $-1,711,764 |
| Changes In Account Receivables | $-5,994,530 | $-696,207 | $-4,933,299 | $-899,701 |
| Other Non Cash Items | $-832,724 | $-236,556 | - | - |
| Stock Based Compensation | $72,223 | $48,603 | $50,137 | $0 |
| Unrealized Gain Loss On Investment Securities | $23,464 | $8,138 | $0 | $0 |
| Provisionand Write Offof Assets | $2,839,907 | $170,643 | $0 | $0 |
| Asset Impairment Charge | $256,420 | $0 | $0 | - |
| Depreciation Amortization Depletion | $175,890 | $144,497 | $120,945 | $64,577 |
| Depreciation And Amortization | $175,890 | $144,497 | $120,945 | $64,577 |
| Depreciation | $175,890 | $144,497 | $120,945 | $64,577 |
| Net Foreign Currency Exchange Gain Loss | $0 | $-468,919 | $0 | $0 |
| Net Income From Continuing Operations | $-5,969,348 | $1,051,539 | $3,397,743 | $3,491,305 |