Friday 6 November 2026 Export TOP’s income statement to Excel — free account

TOP Financial Group Limited

TOP Financial Group Limited’s revenue for fiscal 2026 (year ended March 2026) was $4.7 million, up 41.9% from fiscal 2025.

Revenue: −57.2%
EPS: −94.8%
Free cash flow: −218.1%

Quarter to September 2026, against a year earlier

11.75 0.92 +8.49%

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Market cap: $1.5B
P/E: 301×
Fwd P/E: —
Dividend yield: —
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 3.08%

Capital & Financial Ratios $m

Size

Market Cap 1,460.00

Revenue ttm 9.16

Net income ttm (1.18)

Free cash flow ttm 11.16

Net debt Q (34.51)

Valuation

P/E 301.28

Forward P/E —

Price / sales 133.22

Forward P/S Powerpack

Price / FCF 109.34

Price / book 10.40

Financial health

Current ratio Q 3.20

Debt / equity Q 0.01

Interest coverage Q —

Growth

Revenue growth Q −57.15%

Operating income growth Q —

EPS, this year —

EPS, next year A —

Revenue, next year A +446,059.84%

EPS, past 5 yrs —

EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/B against its own 10 years 54.13%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	40	16	32	35
Receivables	9	13	34	26
Inventory	—	—	—	—
Other	—	—	—	1
	53	41	79	164

	2024	2025	2026	Q'26
Payables	10	11	49	49
ST’ Debt	—	—	—	—
Other	—	—	—	—
	17	12	51	51

Compound Annual Growth %

	10y	5y	3y
Sales	—	(22.51%)	(21.31%)
Cash Flow	—	26.47%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	38.36%	(1.61%)

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	(0.02)	0.00	—	—
’26	—	0.01	—	—	(0.15)
’25	—	—	—	—	(0.80)
’24	—	—	—	—	0.16
’23	0.04	—	0.05	—	0.50
’22	—	—	—	—	0.58
’21	—	—	—	—	0.84

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	1	2	—	—
’26	—	1	—	—	5
’25	—	—	—	—	3
’24	—	—	—	—	8
’23	5	—	5	—	10
’22	—	—	—	—	8
’21	—	—	—	—	17

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	6	(8)	—	—
’26	14	7	0	—	14
’25	(14)	—	(8)	—	(14)
’24	18	—	2	—	18
’23	(6)	—	(5)	—	(6)
’22	2	—	—	—	2
’21	4	—	—	—	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	6	(8)	—	—
’26	13	7	0	—	13
’25	(14)	—	(8)	—	(14)
’24	18	—	2	—	18
’23	(6)	—	(5)	—	(6)
’22	1	—	—	—	1
’21	4	—	—	—	4

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	TTM Sep ’26	Trend	10 yrs	2027e	2028e	2029e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	—	—	—	17	17	8	10	8	3	5	9		(18.8%)	—	—	—	—
	Gross margin, %	—	—	—	24.29	39.29	65.11	70.93	71.08	59.86	71.50	76.83		+47.2 pt	Powerpack TOP Financial Group Limited’s next three years, line by line See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	—	—	—	3	5	4	3	1	(6)	(1)	2		n/m
	EBT margin, %	—	—	—	15.74	30.26	45.78	35.37	12.29	(174.91)	(24.92)	17.08		(40.7) pt
	Net income	—	—	—	3	5	3	3	1	(6)	(1)	(1)		n/m
Per share, $
Per share, $	Revenue	—	—	—	0.46	2.82	1.30	1.42	1.25	0.45	0.64	0.09		+5.5%
	Earnings	—	—	—	0.07	0.84	0.58	0.50	0.16	(0.80)	(0.15)	0.04		n/m
	Cash flow	—	—	—	(0.02)	0.72	0.26	(0.88)	2.75	(1.95)	1.89	0.11		n/m
	Capex	—	—	—	0.00	0.00	(0.07)	(0.01)	0.00	0.00	(0.10)	(0.01)		n/m
	Free cash flow	—	—	—	(0.02)	0.72	0.20	(0.90)	2.75	(1.95)	1.79	0.11		n/m
	Book value	—	—	—	0.18	1.13	1.70	5.26	6.28	4.71	4.62	1.13		+71.8%
	Shares, m	—	—	—	36	6	6	7	6	7	7	38		(23.1%)
Valuation, ×
Valuation, ×	P/E	—	—	—	105.90	105.90	105.90	105.90	105.90	105.90	105.90	301.28		105.9
	P/S	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	133.22		0.0
	P/B	—	—	—	0.00	0.00	0.00	27.26	12.09	6.22	0.90	10.40		6.6
	EV/Sales	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—		0.0
	EV/FCF	—	—	—	0.00	0.00	0.00	(198.54)	50.18	(80.76)	(0.18)	—		(32.8)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(1)	4	2	(6)	18	(14)	14	12		n/m
	Capex	—	—	—	—	0	0	0	0	0	(1)	(1)		+115.6%
	Free cash flow	—	—	—	(1)	4	1	(6)	18	(14)	13	11		n/m
Balance, $m
Balance, $m	Working capital	—	—	—	—	7	9	34	36	29	27	113		+33.4%
	Net debt	—	—	—	(5)	(7)	(9)	(21)	(40)	(16)	(32)	(35)		+36.7%
	Shareholders’ equity	—	—	—	6	7	10	36	41	35	34	117		+32.2%
Returns, %
Returns, %	ROA	—	—	—	0.00	42.84	28.92	12.55	2.15	(11.43)	(1.76)	1.65		(1.8) pt
	ROIC	—	—	—	0.00	0.00	235.63	13.95	81.61	(8.89)	(33.21)	0.00		(33.2) pt
	ROE	—	—	—	0.00	76.53	41.20	14.73	2.75	(15.83)	(3.39)	2.37		(3.4) pt
People
People	Employees	—	—	—	—	11	11	11	11	18	30	—		+22.2%
	Revenue/emp, $m	—	—	—	0.00	1.54	0.71	0.88	0.73	0.18	0.16	—		n/m

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ETOR eToro Group Ltd.	$1.8B	7.4×	10.1×	−23.93% (below 0%: shrinking)	+71.05% (above 0%: growing)	−32.39% (below 0%: shrinking)	15.03%	4.80%	Compare
TOP TOP Financial Group Limited	$1.5B	301×	—	−57.15% (below 0%: shrinking)	−94.80% (below 0%: shrinking)	−218.07% (below 0%: shrinking)	83.63%	12.41%
CLSK Cleanspark, Inc.	$1.5B	— (loss-making)	— (loss-making)	−30.53% (below 0%: shrinking)	n/m	+202.37% (above 0%: growing)	38.06%	(168.40%)	Compare
SBET Sharplink Inc	$1.4B	— (loss-making)	— (loss-making)	+1,553.95% (above 0%: growing)	n/m	−339.59% (below 0%: shrinking)	97.76%	(3,413.02%)	Compare
PWP Perella Weinberg Partners	$1.3B	30.2×	— (loss-making)	+52.68% (above 0%: growing)	+144.44% (above 0%: growing)	+23.10% (above 0%: growing)	30.37%	13.90%	Compare
GOLD Gold.com Inc.	$1.1B	12.0×	10.9×	−11.29% (below 0%: shrinking)	n/m	−434.55% (below 0%: shrinking)	2.74%	0.00%	Compare
OPY Oppenheimer Holdings, Inc.	$935.4M	10.7×	— (loss-making)	−10.00% (below 0%: shrinking)	−74.76% (below 0%: shrinking)	+106.70% (above 0%: growing)	97.98%	16.73%	Compare
TIGR UP Fintech Holding Limited	$650.0M	5.9×	8.5×	+31.39% (above 0%: growing)	−4.35% (below 0%: shrinking)	+74,003.85% (above 0%: growing)	96.29%	42.98%	Compare
CD Chaince Digital Holdings Inc.	$647.9M	— (loss-making)	—	−40.84% (below 0%: shrinking)	n/m	+175.88% (above 0%: growing)	48.06%	(325.71%)	Compare
Median of peers	$1.2B	10.7×	10.1×	−10.64%	+33.35%	+64.90%	43.06%	2.40%

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