TOP
TOP Financial Group Limited
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Buy
+53/100
Last price
15.16
▼ 0.41 (2.63%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
14.97
Prev close
15.57
Day high
16.19
Day low
15.08
Volume
115.42K
Market cap
$1.88B
P/E (TTM)
—
52W range
3.06 – 17.42
Day trading desk
Gap from prior close
-3.88%
Prior close 15.57
VWAP
15.40
-1.54% from price
Relative volume
2.07×
Unusually busy
Session range
8.18%
14.97 – 16.19
Position in range
16%
Near session low
ATR (14D)
0.79
5.19% of price
Prior day high
15.85
PDH
Prior day low
14.92
PDL
Bid / ask spread
—
Quote not published
Session volume
228.88K
Avg 110.44K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.54%
-0.4%
1M
+1.13%
-0.0%
3M
+49.36%
+44.8%
6M
+284.77%
+266.6%
YTD
+201.69%
+187.4%
1Y
+133.23%
+116.8%
3Y
-40.90%
-123.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TOP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
21.17M
Total on file
Fundamentals
Market cap$1.88B
Enterprise value$1.87B
Revenue (TTM)$4.47M
Gross profit$2.84M
EBITDA—
Net income$-1.37M
EPS (TTM)$-0.18
Free cash flow—
Total cash$11.49M
Total debt$2.05M
Book value / share$4.21
Shares outstanding121.71M
Float100.88M
Short % of float0.16%
Dividend yield0.00%
Beta (5Y)-0.93
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book3.60
EV / revenue417.78
EV / EBITDA—
Gross margin63.64%
Operating margin-35.94%
Profit margin-30.67%
Return on equity-3.83%
Return on assets-1.24%
Debt / equity5.55
Current ratio2.71
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Total revenue | $4.72M | $3.33M | $8.04M | $9.70M | +41.9% |
| Operating revenue | $4.31M | $3.10M | $7.76M | $9.40M | +39.1% |
| Cost of revenue | $3.71M | $3.08M | $3.69M | $3.83M | +20.2% |
| Gross profit | $1.02M | $246.23K | $4.35M | $5.87M | +312.9% |
| Selling, general & admin | $2.21M | $2.92M | $3.07M | $2.25M | -24.3% |
| Total operating expense | $1.69M | $5.81M | $3.36M | $2.44M | -70.9% |
| Operating income | -$677.32K | -$5.57M | $987.85K | $3.43M | +87.8% |
| Pre-tax income | -$1.18M | -$5.82M | $987.85K | $3.43M | +79.8% |
| Tax provision | -$1.78K | $146.10K | -$63.69K | $31.52K | -101.2% |
| Net income | -$1.17M | -$5.97M | $1.05M | $3.40M | +80.4% |
| Net income to common | -$1.17M | -$5.97M | $1.05M | $3.40M | +80.4% |
| Basic EPS | -0.15 | -0.16 | 0.03 | 0.10 | +6.3% |
| Diluted EPS | -0.15 | -0.16 | 0.03 | 0.10 | +6.3% |
| EBIT | -$677.32K | -$5.57M | $987.85K | $3.43M | +87.8% |
| EBITDA | -$216.32K | -$5.39M | $1.13M | $3.55M | +96.0% |
| Basic shares | 7.41M | 37.03M | 32.28M | 34.17M | -80.0% |
| Diluted shares | 7.41M | 37.03M | 32.28M | 34.17M | -80.0% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $12.99M | $12.23M | $25.92M | $15.97M | +6.2% |
| Cash & short-term investments | $12.99M | $12.23M | $25.92M | $15.97M | +6.2% |
| Accounts receivable | $34.79M | $12.87M | $9.57M | $12.37M | +170.4% |
| Total current assets | $77.89M | $40.00M | $52.49M | $35.23M | +94.7% |
| Property, plant & equipment | $2.42M | $288.75K | $105.69K | $224.90K | +737.0% |
| Goodwill & intangibles | $89.96K | $64.27K | $63.89K | $63.70K | +40.0% |
| Total assets | $86.06M | $46.80M | $57.64M | $40.28M | +83.9% |
| Total current liabilities | $49.59M | $11.64M | $10.91M | $4.23M | +325.9% |
| Current debt | $637.75K | — | — | — | — |
| Long-term debt | $637.75K | — | — | — | — |
| Total debt | $2.22M | $270.87K | $64.83K | $150.14K | +720.3% |
| Total liabilities | $51.81M | $11.91M | $17.11M | $4.33M | +334.9% |
| Retained earnings | $4.57M | $5.74M | $11.71M | $10.66M | -20.4% |
| Shareholder equity | $33.94M | $34.89M | $40.53M | $35.95M | -2.7% |
| Working capital | $28.30M | $28.36M | $41.58M | $30.99M | -0.2% |
| Net tangible assets | $33.85M | $34.82M | $40.47M | $35.89M | -2.8% |
| Shares issued | 37.09M | 37.04M | 37.02M | 35.00M | +0.1% |
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.18M | -$5.97M | $1.05M | $3.40M | — | +80.3% |
| Depreciation & amortisation | $461.00K | $175.89K | $144.50K | $120.94K | — | +162.1% |
| Stock-based compensation | $60.19K | $72.22K | $48.60K | $50.14K | — | -16.7% |
| Change in working capital | $15.35M | -$11.04M | $17.04M | -$9.60M | — | +239.1% |
| Operating cash flow | $14.02M | -$14.47M | $17.76M | -$6.03M | — | +196.9% |
| Capital expenditure | -$899.50K | -$3.23K | -$6.06K | -$86.44K | — | -27,713.9% |
| Investing cash flow | $1.28M | -$9.36M | -$1.28M | -$6.54M | — | +113.7% |
| Dividends paid | — | — | — | $0 | $0 | — |
| Financing cash flow | $990.79K | $0 | $4.39M | $22.50M | — | — |
| Free cash flow | $13.12M | -$14.47M | $17.75M | -$6.12M | — | +190.7% |
| End cash position | $31.71M | $15.17M | $38.70M | $17.85M | — | +108.9% |
| Line item | 2026-06-30 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|
| Total revenue | $1.08M | $1.54M | $1.33M | -29.9% |
| Operating revenue | $702.38K | $1.42M | $1.30M | -50.5% |
| Cost of revenue | $744.32K | $1.08M | $876.22K | -31.2% |
| Gross profit | $332.38K | $453.89K | $457.18K | -26.8% |
| Selling, general & admin | $705.75K | $339.83K | $368.02K | +107.7% |
| Total operating expense | $719.34K | $349.35K | $371.19K | +105.9% |
| Operating income | -$386.95K | $104.55K | $85.99K | -470.1% |
| Pre-tax income | -$386.95K | $104.55K | $85.99K | -470.1% |
| Tax provision | -$273.23K | $0 | $0 | — |
| Net income | -$113.43K | $104.55K | $85.99K | -208.5% |
| Net income to common | -$113.43K | $104.55K | $85.99K | -208.5% |
| Basic EPS | -0.10 | — | 0.05 | — |
| Diluted EPS | -0.10 | — | 0.05 | — |
| EBIT | -$386.95K | $104.55K | $85.99K | -470.1% |
| EBITDA | -$386.95K | $104.55K | $85.99K | -470.1% |
| Basic shares | 1.50M | — | 1.48M | — |
| Diluted shares | 1.50M | — | 1.48M | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-09-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $10.41M | $12.99M | $14.79M | $12.23M | -19.9% |
| Cash & short-term investments | $10.41M | $12.99M | $14.79M | $12.23M | -19.9% |
| Accounts receivable | $23.14M | $34.79M | $21.82M | $12.87M | -33.5% |
| Total current assets | $146.99M | $77.89M | $56.27M | $40.00M | +88.7% |
| Property, plant & equipment | $2.22M | $2.42M | $217.19K | $288.75K | -8.1% |
| Goodwill & intangibles | $89.95K | $89.96K | $90.45K | $64.27K | -0.0% |
| Total assets | $158.41M | $86.06M | $64.07M | $46.80M | +84.1% |
| Total current liabilities | $54.37M | $49.59M | $28.89M | $11.64M | +9.6% |
| Current debt | — | $637.75K | — | — | — |
| Long-term debt | $637.59K | $637.75K | — | — | -0.0% |
| Total debt | $2.05M | $2.22M | $222.77K | $270.87K | -7.6% |
| Total liabilities | $121.41M | $51.81M | $29.11M | $11.91M | +134.3% |
| Retained earnings | $4.46M | $4.57M | $5.94M | $5.74M | -2.5% |
| Shareholder equity | $36.70M | $33.94M | $34.95M | $34.89M | +8.1% |
| Working capital | $92.62M | $28.30M | $27.37M | $28.36M | +227.2% |
| Net tangible assets | $36.61M | $33.85M | $34.86M | $34.82M | +8.1% |
| Shares issued | 8.71M | 37.09M | 37.07M | 37.04M | -76.5% |
| Line item | 2026-06-30 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|
| Operating cash flow | $6.03M | $152.93K | $7.14M | +3,846.0% |
| Capital expenditure | -$3.11K | — | — | — |
| Investing cash flow | $7.82M | $1.43M | -$229.77K | +446.5% |
| Free cash flow | $6.03M | $152.93K | $7.14M | +3,844.0% |
| End cash position | $45.27M | $23.57M | $22.05M | +92.0% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders17.11%
Held by institutions0.04%
Institutions holding8
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
15.15
+0.04% from price
SMA 20
15.09
+0.45% from price
SMA 50
13.80
+9.82% from price
SMA 100
10.66
+42.25% from price
SMA 200
7.67
+97.71% from price
EMA 12
15.17
-0.09% from price
EMA 26
14.84
+2.18% from price
EMA 50
13.72
+10.49% from price
RSI (14)
54.3
Neutral
MACD (12,26,9)
0.34
Hist -0.10
ATR (14)
0.79
5.19% of price
Realised vol 30D
47.1%
Annualised
Bollinger upper
15.58
20, 2σ
Bollinger lower
14.60
20, 2σ
50 / 200 cross
Golden
13.80 vs 7.67
Trend bias
Above 200
+97.71%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.84
Less volatile than market
Correlation to SPY
0.13
Largely independent
Realised vol 30D
47.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-54.4%
Peak to trough
Max drawdown 5Y
-99.4%
Peak to trough
ATR 14
0.79
5.19% of price
Beta (reported)
-0.93
5Y monthly, from filing
Short interest
Shares short
189.47K
Prior 140.60K
Change vs prior
+34.8%
Shorts adding
% of float
0.16%
Normal
% of shares out
0.15%
Against total outstanding
Days to cover
1.6
Liquid
Float
100.88M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:5
Split dateAug 3, 2026
SEC filings
Offering Registrations
F-1 · 2026-10-01
Corporate Changes & Voting Matters
8-K · 2026-09-29
Corporate Changes & Voting Matters
8-K · 2026-09-21
Offering Registrations
DRS · 2026-09-18
Corporate Changes & Voting Matters
8-K · 2026-09-04
Periodic Financial Reports
10-Q · 2026-08-17
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-07-31
Headlines
TOP Financial Group Limited Announces Strategic Relocation of Global Headquarters to the United States
GlobeNewswire · 32d ago
TOP Financial Group Limited Announces Strategic Expansion to Launch Artificial Intelligence Division and Integrate Advanced AI Across Core Brokerage and FinTech Operations
GlobeNewswire · 64d ago
TOP Financial Group Limited Announces 1-for-5 Share Consolidation
GlobeNewswire · 69d ago
TOP Financial Group (TOP) Looks Pricey As A 39x P B Ratio Meets Rising Losses
Simply Wall St. · 71d ago
TOP Financial Group Limited Announces Full Exercise of All Outstanding Warrants Following Cashless Exercise
GlobeNewswire · 77d ago
TOP Financial Group Limited Announces Closing of Private Placement Offering and Update on Outstanding Shares
GlobeNewswire · 88d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.