Growth & profitability
- Revenue has declined 27.4% per year over the past 5 years.
Financial health
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
TOP Financials TOP Financial Group Ltd
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3M | -$6M | 0.0% | 0.0% | -$14M | — | $12M |
| 2024 | $8M | $1M | 0.0% | 0.0% | $18M | — | $26M |
| 2023 | $10M | $3M | 0.0% | 0.0% | -$6M | — | $16M |
| 2022 | $8M | $3M | 0.0% | 0.0% | — | — | $6M |
| 2021 | $17M | $5M | 0.0% | 0.0% | — | — | $5M |
| 2020 | $17M | $3M | 0.0% | 0.0% | — | — | $4M |
Valuation over time
How the market has priced TOP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 61.7× (Mar '23) to 45.8× (Feb '25).
- The price-to-sales ratio has fallen from 21.6× (Mar '23) to 15.9× (Jun '26).
P/E
P/S
Frequently asked questions
Is TOP growing its revenue and profit?
Over the past 5 years, TOP Financial Group Ltd's revenue has declined 27.4% per year. These are computed facts, not advice.
How much debt does TOP have?
As of FY2025, TOP Financial Group Ltd reported — of total debt against $12M of cash.
What is TOP's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -179.3%.
What is TOP's P/E ratio?
As of Jun '26, TOP Financial Group Ltd traded at a price-to-earnings ratio of about 45.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.