Growth & profitability
- Revenue has declined 22.5% per year over the past 5 years.
TOP Financials TOP Financial Group Ltd
7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $5M | -$1M | 0.0% | -24.9% | -3.4% | -1.4% | $13M | — | $13M |
| 2025 | $3M | -$6M | 0.0% | -174.9% | -17.1% | -12.8% | -$14M | — | $12M |
| 2024 | $8M | $1M | 0.0% | 0.0% | 2.6% | 1.8% | $18M | — | $26M |
| 2023 | $10M | $3M | 0.0% | 0.0% | 9.5% | 8.4% | -$6M | — | $16M |
| 2022 | $8M | $3M | 0.0% | 0.0% | 34.2% | 25.2% | — | — | $6M |
| 2021 | $17M | $5M | 0.0% | 0.0% | 74.7% | 49.1% | — | — | $5M |
| 2020 | $17M | $3M | 0.0% | 0.0% | 39.5% | — | — | — | $4M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $1M | -$113433 | 0.0% | -35.9% | -0.3% | -0.1% | $6M | — | $10M |
| Jun '25 | $1M | $85992 | 0.0% | 6.4% | — | — | — | — | — |
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 61.8× (Mar '23) to 45.8× (Feb '25).
- The price-to-sales ratio has risen from 21.6× (Mar '23) to 118.9× (Sep '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 22.5% per year. These are computed facts, not advice.
How much debt does TOP have?
As of FY2026, TOP Financial Group Ltd reported — of total debt against $13M of cash.
What is TOP's profit margin?
In FY2026, gross margin was —, operating margin -24.9%, and net margin -24.8%.
What is TOP's P/E ratio?
As of Sep '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.