What is Lion Group Holding Ltd's earnings per share (EPS)?

Lion Group Holding Ltd (LGHL) reported diluted earnings per share of $-29.12 for fiscal year 2025. This represents a 98.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lion Group Holding Ltd Financials

LGHL

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Lion Group Holding Ltd (LGHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LGHL FY2024 2026-04-30

Balance-sheet funding, not operating scale, appears to drive this business as revenue shrank to $1.2M against $36.4M of assets.

Cash conversion flipped from positive to -$19.1M of operating cash flow as revenue fell to $1.2M, showing the operating base did not simply earn less; it consumed cash as activity shrank. The closing cash balance of $16.9M therefore sits beside a $5.5M financing inflow, so liquidity was supported by funding as well as operations.

Current assets of $18.6M do not cover current liabilities of $27.8M, which means the working-capital cushion has turned negative. That fits a leveraged posture: the reported debt-to-equity ratio reached 2.8x, so the balance sheet is doing more of the support work than the operating model.

Even after total assets fell to $36.4M from $74.5M, the company still produced very little revenue from that asset base, pointing to weak asset turnover rather than a simple resizing. The pattern across FY2023-FY2024 suggests retrenchment without stabilization: a smaller platform did not lead to a smaller loss or steadier cash use.

Financial Health Signals

Financial Health Score 25/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lion Group Holding Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

R&D Intensity

Revenue Progress

Balance Sheet

Altman Z-Score Distress

-1.24

Lion Group Holding Ltd scores -1.24, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.7M) relative to total liabilities ($32.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/6

Lion Group Holding Ltd passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Lion Group Holding Ltd generates $0.71 in operating cash flow (-$3.5M OCF vs -$5.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-1.2x

Lion Group Holding Ltd earns $-1.2 in operating income for every $1 of interest expense (-$542K vs $452K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.4M

YoY+657.5%

5Y CAGR-1.7%

Lion Group Holding Ltd generated $9.4M in revenue in fiscal year 2025. This represents an increase of 657.5% from the prior year.

EBITDA

$1.8M

Lion Group Holding Ltd's EBITDA was $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income

-$5.0M

YoY+81.9%

Lion Group Holding Ltd reported -$5.0M in net income in fiscal year 2025. This represents an increase of 81.9% from the prior year.

EPS (Diluted)

$-29.12

YoY+98.3%

Lion Group Holding Ltd earned $-29.12 per diluted share (EPS) in fiscal year 2025. This represents an increase of 98.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.5M

Lion Group Holding Ltd generated -$3.5M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$20.1M

YoY+18.8%

5Y CAGR+42.5%

Lion Group Holding Ltd held $20.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

150.85B

Lion Group Holding Ltd had 150.85B shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

-5.8%

5Y CAGR+19.4pp

Lion Group Holding Ltd's operating margin was -5.8% in fiscal year 2025, reflecting core business profitability.

Net Margin

-52.8%

YoY+2161.6pp

5Y CAGR-27.6pp

Lion Group Holding Ltd's net profit margin was -52.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2161.6 percentage points from the prior year.

Return on Equity

-19.3%

YoY+241.1pp

5Y CAGR+8.3pp

Lion Group Holding Ltd's ROE was -19.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 241.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$7K

Lion Group Holding Ltd invested $7K in research and development in fiscal year 2025.

Share Buybacks

N/A

Capital Expenditures

$11K

Lion Group Holding Ltd invested $11K in capex in fiscal year 2025, funding long-term assets and infrastructure.

LGHL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9.4M+657.5%	$1.2M-94.1%	$21.1M+314.5%	$5.1M-79.6%	$25.0M+144.3%	$10.2M
Cost of Revenue	N/A	N/A	N/A	N/A	$18.9M	N/A
Gross Profit	N/A	-$4.9M-123.1%	$21.1M+953.9%	-$2.5M-140.7%	$6.1M-40.7%	$10.2M
R&D Expenses	$7K	N/A	$7K-99.8%	$4.7M+289.5%	$1.2M	N/A
SG&A Expenses	$603K-31.3%	$878K+260.4%	$244K0.0%	$244K-87.9%	$2.0M+34.3%	$1.5M
Operating Income	-$542K	N/A	-$5.8M+82.9%	-$34.0M-4298.5%	-$772K+70.0%	-$2.6M
Interest Expense	$452K+199.3%	$151K-93.7%	$2.4M+3.4%	$2.3M+45.2%	$1.6M+778.0%	$183K
Income Tax	$1K-19.5%	$1K+17.7%	$1K-69.1%	$3K-93.7%	$54K+4031.2%	$1K
Net Income	-$5.0M+81.9%	-$27.4M-422.0%	-$5.3M+83.3%	-$31.6M-138644.8%	$23K+100.9%	-$2.6M
EPS (Diluted)	$-29.12+98.3%	$-1701.75+55.9%	$-3859.21-120.7%	$-1748.71-12824.7%	$-13.53	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LGHL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$54.6M+50.3%	$36.4M-51.2%	$74.5M-14.0%	$86.6M-41.8%	$148.9M+550.1%	$22.9M
Current Assets	$26.2M+40.7%	$18.6M-65.1%	$53.4M-22.6%	$69.0M-46.2%	$128.4M+672.8%	$16.6M
Cash & Equivalents	$20.1M+18.8%	$16.9M-41.5%	$29.0M+159.5%	$11.2M-26.1%	$15.1M+340.6%	$3.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$32.3M+10.8%	$29.2M-36.8%	$46.1M-22.1%	$59.2M-36.6%	$93.5M+586.9%	$13.6M
Current Liabilities	$6.4M-77.1%	$27.8M-37.2%	$44.3M-17.7%	$53.9M-41.1%	$91.5M+708.5%	$11.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$25.6M+143.2%	$10.5M-66.6%	$31.5M+9.2%	$28.9M-47.5%	$55.0M+491.3%	$9.3M
Retained Earnings	-$72.2M-7.4%	-$67.2M-69.1%	-$39.8M-15.2%	-$34.5M-1077.4%	-$2.9M+0.8%	-$3.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$54.6M+16.5%	$46.9M+28.9%	$36.4M-25.9%	$49.1M-34.1%	$74.5M-20.4%	$93.6M+8.1%	$86.6M-16.1%	$103.2M
Current Assets	$26.2M+10.1%	$23.8M+27.8%	$18.6M-37.7%	$29.9M-44.0%	$53.4M-23.4%	$69.8M+1.1%	$69.0M-18.2%	$84.4M
Cash & Equivalents	$20.1M-12.0%	$22.9M+35.1%	$16.9M-14.4%	$19.8M-31.7%	$29.0M+83.7%	$15.8M+41.3%	$11.2M-6.0%	$11.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$32.3M-23.9%	$42.5M+45.6%	$29.2M+8.0%	$27.0M-41.4%	$46.1M-28.1%	$64.1M+8.3%	$59.2M-8.8%	$64.9M
Current Liabilities	$6.4M-76.5%	$27.2M-2.2%	$27.8M+10.5%	$25.2M-43.2%	$44.3M-27.5%	$61.2M+13.6%	$53.9M-14.2%	$62.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$25.6M+227.3%	$7.8M-25.7%	$10.5M-58.5%	$25.4M-19.4%	$31.5M-3.6%	$32.7M+13.3%	$28.9M-20.9%	$36.5M
Retained Earnings	-$72.2M+3.5%	-$74.8M-11.3%	-$67.2M-41.8%	-$47.4M-19.2%	-$39.8M-17.6%	-$33.8M+2.0%	-$34.5M-48.6%	-$23.2M

LGHL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.5M+81.6%	-$19.1M-242.5%	$13.4M+440.4%	-$3.9M+80.8%	-$20.5M-19482.5%	$106K
Capital Expenditures	$11K	N/A	$7.8M	N/A	N/A	N/A
Free Cash Flow	-$3.5M	N/A	$5.6M	N/A	N/A	N/A
Investing Cash Flow	-$21.6M-18828.6%	-$114K-108.1%	$1.4M+120.0%	-$7.1M+41.4%	-$12.1M-84.8%	-$6.5M
Financing Cash Flow	$28.0M+410.5%	$5.5M+230.9%	$1.7M-83.1%	$9.8M-77.5%	$43.6M+1550.5%	$2.6M
Dividends Paid	N/A	N/A	N/A	N/A	$16K-95.9%	$386K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LGHL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	-392.6%-492.5pp	100.0%+148.6pp	-48.5%-72.8pp	24.3%-75.7pp	100.0%
Operating Margin	-5.8%	N/A	-27.6%+640.1pp	-667.7%-664.6pp	-3.1%+22.1pp	-25.2%
Net Margin	-52.8%+2161.6pp	-2214.3%-2189.4pp	-24.9%+595.4pp	-620.4%-620.4pp	0.1%+25.3pp	-25.2%
Return on Equity	-19.3%+241.1pp	-260.5%-243.8pp	-16.7%+92.6pp	-109.3%-109.4pp	0.0%+27.7pp	-27.7%
Return on Assets	-9.1%+66.4pp	-75.5%-68.4pp	-7.0%+29.4pp	-36.4%-36.4pp	0.0%+11.3pp	-11.2%
Current Ratio	4.11+3.4	0.67-0.5	1.20-0.1	1.28-0.1	1.40-0.1	1.47
Debt-to-Equity	1.26-1.5	2.77+1.3	1.46-0.6	2.05+0.4	1.70+0.2	1.46
FCF Margin	-37.6%	N/A	26.4%	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	4.11+3.2	0.88+0.2	0.67-0.5	1.19-0.0	1.20+0.1	1.14-0.1	1.28-0.1	1.34
Debt-to-Equity	1.26-4.2	5.42+2.7	2.77+1.7	1.06-0.4	1.46-0.5	1.96-0.1	2.05+0.3	1.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Lion Group Holding Ltd's annual revenue?

Lion Group Holding Ltd (LGHL) reported $9.4M in total revenue for fiscal year 2025. This represents a 657.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lion Group Holding Ltd's revenue growing?

Lion Group Holding Ltd (LGHL) revenue grew by 657.5% year-over-year, from $1.2M to $9.4M in fiscal year 2025.

Is Lion Group Holding Ltd profitable?

No, Lion Group Holding Ltd (LGHL) reported a net income of -$5.0M in fiscal year 2025, with a net profit margin of -52.8%.

What is Lion Group Holding Ltd's EBITDA?

Lion Group Holding Ltd (LGHL) had EBITDA of $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lion Group Holding Ltd's operating margin?

Lion Group Holding Ltd (LGHL) had an operating margin of -5.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lion Group Holding Ltd's net profit margin?

Lion Group Holding Ltd (LGHL) had a net profit margin of -52.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lion Group Holding Ltd's return on equity (ROE)?

Lion Group Holding Ltd (LGHL) has a return on equity of -19.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lion Group Holding Ltd's free cash flow?

Lion Group Holding Ltd (LGHL) generated -$3.5M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lion Group Holding Ltd's operating cash flow?

Lion Group Holding Ltd (LGHL) generated -$3.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lion Group Holding Ltd's total assets?

Lion Group Holding Ltd (LGHL) had $54.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lion Group Holding Ltd's capital expenditures?

Lion Group Holding Ltd (LGHL) invested $11K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Lion Group Holding Ltd spend on research and development?

Lion Group Holding Ltd (LGHL) invested $7K in research and development during fiscal year 2025.

How many shares does Lion Group Holding Ltd have outstanding?

Lion Group Holding Ltd (LGHL) had 150.85B shares outstanding as of fiscal year 2025.

What is Lion Group Holding Ltd's current ratio?

Lion Group Holding Ltd (LGHL) had a current ratio of 4.11 as of fiscal year 2025, which is generally considered healthy.

What is Lion Group Holding Ltd's debt-to-equity ratio?

Lion Group Holding Ltd (LGHL) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lion Group Holding Ltd's return on assets (ROA)?

Lion Group Holding Ltd (LGHL) had a return on assets of -9.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lion Group Holding Ltd's cash runway?

Based on fiscal year 2025 data, Lion Group Holding Ltd (LGHL) had $20.1M in cash against an annual operating cash burn of $3.5M. This gives an estimated cash runway of approximately 69 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Lion Group Holding Ltd's Altman Z-Score?

Lion Group Holding Ltd (LGHL) has an Altman Z-Score of -1.24, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lion Group Holding Ltd's Piotroski F-Score?

Lion Group Holding Ltd (LGHL) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lion Group Holding Ltd's earnings high quality?

Lion Group Holding Ltd (LGHL) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Lion Group Holding Ltd cover its interest payments?

Lion Group Holding Ltd (LGHL) has an interest coverage ratio of -1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Lion Group Holding Ltd?

Lion Group Holding Ltd (LGHL) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.