TOP Financial Group Ltd
TOP Nasdaq Security & Commodity Brokers, Dealers, Exchanges & Services Financials FY2025–FY2026
Last close · Oct 23, 2026
$15.29
5.1%What TOP Financial Group Ltd does
No business description yet.
- Legal name
- TOP Financial Group Ltd
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · Jul 7, 2026
- Accession · CIK
- 0001213900-26-075954
0001848275
Revenue and margins
TOP Financial Group Ltd had $4.7M of revenue in fiscal 2026, up 41.9% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $13.1M in fiscal 2026, 277.8% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
TOP Financial Group Ltd returned — to shareholders in fiscal 2026. The diluted share count rose 0.1%.
Balance sheet
Cash, debt and the ratios that show how comfortably TOP Financial Group Ltd can carry it.
| Fiscal year end | FY25 | FY26 |
|---|---|---|
| Cash and short-term investments | $12.2M | $13.0M |
| Total assets | $46.8M | $86.1M |
| Total liabilities | $11.9M | $51.8M |
| Shareholders' equity | $34.9M | $33.9M |
| Net debt (− = net cash) | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY25 | FY26 |
|---|---|---|
| Net income is positive | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✓ |
| Return on assets rose | — | ✓ |
| Cash from operations exceeds net income | ✕ | ✓ |
| Debt fell relative to assets | — | — |
| Current ratio rose | — | — |
| Share count didn't rise | — | ✕ |
| Gross margin rose | — | — |
| Revenue rose relative to assets | — | ✕ |
| F-score | — / 3 | — / 6 |
| Accruals ratio | 18.2% | −22.9% |
| Altman Z'' | — | — |
2 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY25 | FY26 |
|---|---|---|
| Income statement | ||
| Revenue | $3.3M | $4.7M |
| Net interest income | $0.8M | $0.3M |
| Operating income | −$5.8M | −$1.2M |
| Income tax | $0.1M | −$0.0M |
| Net income | −$6.0M | −$1.2M |
| Diluted EPS | −$0.16 | −$0.03 |
| Diluted shares | 0.04B | 0.04B |
| Cash flow | ||
| Cash from operations | −$14.5M | $14.0M |
| Capital expenditure | $0.0M | $0.9M |
| Free cash flow | −$14.5M | $13.1M |
| Depreciation and amortization | $0.0M | $0.0M |
| Stock-based compensation | $0.1M | $0.1M |
| Balance sheet | ||
| Cash and short-term investments | $12.2M | $13.0M |
| Property and equipment, net | $0.4M | $1.1M |
| Goodwill | — | $0.0M |
| Intangible assets | $0.1M | $0.1M |
| Total assets | $46.8M | $86.1M |
| Total liabilities | $11.9M | $51.8M |
| Shareholders' equity | $34.9M | $33.9M |
| Margins | ||
| Operating margin | −174.9% | −24.9% |
| EBITDA margin | −173.9% | −24.2% |
| Net margin | −179.3% | −24.8% |
| FCF margin | −434.8% | 277.8% |
| Net interest share of revenue | 25.0% | 7.3% |
| Returns | ||
| Return on equity | −17.1% | −3.4% |
| Return on assets | −12.8% | −1.8% |
| Return on tangible equity | −17.1% | −3.5% |
| Growth | ||
| Revenue growth | — | 41.9% |
| Share count change | — | 0.1% |
| Capital allocation | ||
| Capex / revenue | 0.1% | 19.0% |
| Stock comp / revenue | 2.2% | 1.3% |
| Quality scores | ||
| Accruals ratio | 18.2% | −22.9% |
Source: SEC EDGAR XBRL filings (CIK 0001848275). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.