What is TOP FINANCIAL GROUP's earnings per share (EPS)?

TOP FINANCIAL GROUP (TOP) reported diluted earnings per share of $-0.03 for fiscal year 2026. This represents a 81.3% 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.

TOP FINANCIAL GROUP Financials

TOP

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE March

This page shows TOP FINANCIAL GROUP (TOP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 TOP FY2025 2026-07-07

A large balance sheet is supporting a much smaller revenue base, making cash consumption the key operating signal in FY2025.

The jump in assets to $57.6M by FY2024 was preceded by $22.5M of financing inflow in FY2023, which means the larger balance sheet was built partly with outside capital rather than only with recurring operations. That matters because FY2025 revenue was just $3.3M while operating cash flow was -$14.5M, a mismatch that shows the company was carrying a sizable asset base without enough activity to fund it.

FY2025 losses were not merely accounting noise: net income was -$6.0M and operating cash flow was -$14.5M. When cash flow is worse than earnings, the gap usually points to working-capital movement or operating outflows that income alone does not capture, so earnings quality weakened materially.

The balance sheet is still equity-funded more than debt-funded, with liabilities of $11.9M against equity of $34.9M. That is a different issue from leverage: liabilities fell versus FY2024, but cash of $12.2M covered only about 0.8x the year’s operating burn, so the immediate pressure came from liquidity use, not creditor load.

Financial Health Signals

Financial Health Score 17/100

Scored as: Banks peer group

Scored against banks for FY2026. 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 TOP FINANCIAL GROUP'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.

Earnings

Growth

Capital

Stability

Piotroski F-Score Partial

4/6

TOP FINANCIAL GROUP passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-11.98x

For every $1 of reported earnings, TOP FINANCIAL GROUP generates $-11.98 in operating cash flow ($14.0M OCF vs -$1.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-3.4x

TOP FINANCIAL GROUP earns $-3.4 in operating income for every $1 of interest expense (-$1.2M vs $345K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$4.7M

YoY+41.9%

5Y CAGR-22.5%

TOP FINANCIAL GROUP generated $4.7M in revenue in fiscal year 2026. This represents an increase of 41.9% from the prior year.

EBITDA

-$1.1M

YoY+80.3%

TOP FINANCIAL GROUP's EBITDA was -$1.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 80.3% from the prior year.

Net Income

-$1.2M

YoY+80.4%

TOP FINANCIAL GROUP reported -$1.2M in net income in fiscal year 2026. This represents an increase of 80.4% from the prior year.

EPS (Diluted)

$-0.03

YoY+81.3%

TOP FINANCIAL GROUP earned $-0.03 per diluted share (EPS) in fiscal year 2026. This represents an increase of 81.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$13.1M

YoY+190.7%

TOP FINANCIAL GROUP generated $13.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 190.7% from the prior year.

Cash & Debt

$13.0M

YoY+6.2%

5Y CAGR+21.7%

TOP FINANCIAL GROUP held $13.0M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

34M

YoY-9.4%

5Y CAGR+2.3%

TOP FINANCIAL GROUP had 34M shares outstanding in fiscal year 2026. This represents a decrease of 9.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-24.9%

YoY+150.0pp

TOP FINANCIAL GROUP's operating margin was -24.9% in fiscal year 2026, reflecting core business profitability. This is up 150.0 percentage points from the prior year.

Net Margin

-24.8%

YoY+154.5pp

5Y CAGR-54.6pp

TOP FINANCIAL GROUP's net profit margin was -24.8% in fiscal year 2026, showing the share of revenue converted to profit. This is up 154.5 percentage points from the prior year.

Return on Equity

-3.5%

YoY+13.7pp

5Y CAGR-78.1pp

TOP FINANCIAL GROUP's ROE was -3.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 13.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$900K

YoY+27713.9%

TOP FINANCIAL GROUP invested $900K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 27713.9% from the prior year.

TOP Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$4.7M+41.9%	$3.3M-58.6%	$8.0M-17.1%	$9.7M+24.0%	$7.8M-53.7%	$16.9M
Cost of Revenue	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
R&D Expenses	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
Operating Income	-$1.2M+79.8%	-$5.8M	N/A	N/A	N/A	N/A
Interest Expense	$345K-58.5%	$833K+252.0%	$237K	N/A	N/A	N/A
Income Tax	-$2K-101.2%	$146K+329.4%	-$64K-302.1%	$32K-64.4%	$89K+25.3%	$71K
Net Income	-$1.2M+80.4%	-$6.0M-667.7%	$1.1M-69.1%	$3.4M-2.7%	$3.5M-30.8%	$5.0M
EPS (Diluted)	$-0.03+81.3%	$-0.16-633.3%	$0.03-70.0%	$0.10-16.7%	$0.12-29.4%	$0.17

Metric	Q4'26	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23
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

TOP Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$86.1M+83.9%	$46.8M-18.8%	$57.6M+43.1%	$40.3M+190.2%	$13.9M+35.2%	$10.3M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$13.0M+6.2%	$12.2M-52.8%	$25.9M+62.3%	$16.0M+157.6%	$6.2M+27.6%	$4.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$233K	N/A	N/A	N/A	N/A	N/A
Goodwill	$26K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$51.8M+334.9%	$11.9M-30.4%	$17.1M+295.0%	$4.3M+17.6%	$3.7M+5.0%	$3.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$33.9M-2.7%	$34.9M-13.9%	$40.5M+12.7%	$36.0M+252.6%	$10.2M+50.9%	$6.8M
Retained Earnings	$4.6M-20.4%	$5.7M-51.0%	$11.7M+9.9%	$10.7M+46.8%	$7.3M+92.5%	$3.8M

Metric	Q4'26	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23
Total Assets	$86.1M+34.3%	$64.1M+36.9%	$46.8M-22.1%	$60.1M+4.3%	$57.6M+34.3%	$42.9M+6.5%	$40.3M+4.3%	$38.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$13.0M-12.1%	$14.8M+20.9%	$12.2M-3.8%	$12.7M-51.0%	$25.9M0.0%	$25.9M+62.3%	$16.0M-32.0%	$23.5M
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	$2.6M
Goodwill	$26K0.0%	$26K	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$51.8M+78.0%	$29.1M+144.4%	$11.9M-41.0%	$20.2M+17.9%	$17.1M+336.0%	$3.9M-9.4%	$4.3M+5.5%	$4.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$33.9M-2.9%	$35.0M+0.2%	$34.9M-12.6%	$39.9M-1.5%	$40.5M+4.0%	$39.0M+8.4%	$36.0M+4.2%	$34.5M
Retained Earnings	$4.6M-22.9%	$5.9M+3.3%	$5.7M-49.0%	$11.3M-3.8%	$11.7M-14.1%	$13.6M+27.8%	$10.7M+17.1%	$9.1M

TOP Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$14.0M+196.9%	-$14.5M-181.5%	$17.8M+394.4%	-$6.0M-480.6%	$1.6M-63.4%	$4.3M
Capital Expenditures	$900K+27713.9%	$3K-46.7%	$6K-93.0%	$86K	N/A	N/A
Free Cash Flow	$13.1M+190.7%	-$14.5M-181.5%	$17.8M+390.2%	-$6.1M	N/A	N/A
Investing Cash Flow	$1.3M+113.7%	-$9.4M-631.3%	-$1.3M+80.4%	-$6.5M-1480.8%	-$414K-2442.6%	-$16K
Financing Cash Flow	$991K	N/A	$4.4M-80.5%	$22.5M	N/A	-$2.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$5.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23
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

TOP Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-24.9%+150.0pp	-174.9%	N/A	N/A	N/A	N/A
Net Margin	-24.8%+154.5pp	-179.3%-192.4pp	13.1%-22.0pp	35.0%-9.6pp	44.6%+14.8pp	29.8%
Return on Equity	-3.5%+13.7pp	-17.1%-19.7pp	2.6%-6.9pp	9.4%-24.8pp	34.2%-40.5pp	74.7%
Return on Assets	-1.4%+11.4pp	-12.8%-14.6pp	1.8%-6.6pp	8.4%-16.7pp	25.1%-24.0pp	49.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.53+1.2	0.34-0.1	0.42+0.3	0.12-0.2	0.36-0.2	0.52
FCF Margin	277.8%+712.6pp	-434.8%-655.6pp	220.9%+284.0pp	-63.1%	N/A	N/A

Metric	Q4'26	Q2'26	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.53+0.7	0.83+0.5	0.34-0.2	0.51+0.1	0.42+0.3	0.10-0.0	0.120.0	0.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Heritage Global Inc HGBL

$41.7M

Scully Royalty Ltd SRL

$76.7M

Metalpha Tech MATH

$39.1M

Siebert Finl Corp SIEB

$68.0M

DOMINARI HOLDINGS INC DOMH

$59.7M

Frequently Asked Questions

What is TOP FINANCIAL GROUP's annual revenue?

TOP FINANCIAL GROUP (TOP) reported $4.7M in total revenue for fiscal year 2026. This represents a 41.9% 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 TOP FINANCIAL GROUP's revenue growing?

TOP FINANCIAL GROUP (TOP) revenue grew by 41.9% year-over-year, from $3.3M to $4.7M in fiscal year 2026.

Is TOP FINANCIAL GROUP profitable?

No, TOP FINANCIAL GROUP (TOP) reported a net income of -$1.2M in fiscal year 2026, with a net profit margin of -24.8%.

What is TOP FINANCIAL GROUP's EBITDA?

TOP FINANCIAL GROUP (TOP) had EBITDA of -$1.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is TOP FINANCIAL GROUP's operating margin?

TOP FINANCIAL GROUP (TOP) had an operating margin of -24.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is TOP FINANCIAL GROUP's net profit margin?

TOP FINANCIAL GROUP (TOP) had a net profit margin of -24.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is TOP FINANCIAL GROUP's return on equity (ROE)?

TOP FINANCIAL GROUP (TOP) has a return on equity of -3.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is TOP FINANCIAL GROUP's free cash flow?

TOP FINANCIAL GROUP (TOP) generated $13.1M in free cash flow during fiscal year 2026. This represents a 190.7% change compared to the previous fiscal year. 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 TOP FINANCIAL GROUP's operating cash flow?

TOP FINANCIAL GROUP (TOP) generated $14.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are TOP FINANCIAL GROUP's total assets?

TOP FINANCIAL GROUP (TOP) had $86.1M in total assets as of fiscal year 2026, including both current and long-term assets.

What are TOP FINANCIAL GROUP's capital expenditures?

TOP FINANCIAL GROUP (TOP) invested $900K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does TOP FINANCIAL GROUP have outstanding?

TOP FINANCIAL GROUP (TOP) had 34M shares outstanding as of fiscal year 2026.

What is TOP FINANCIAL GROUP's debt-to-equity ratio?

TOP FINANCIAL GROUP (TOP) had a debt-to-equity ratio of 1.53 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TOP FINANCIAL GROUP's return on assets (ROA)?

TOP FINANCIAL GROUP (TOP) had a return on assets of -1.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is TOP FINANCIAL GROUP's Piotroski F-Score?

TOP FINANCIAL GROUP (TOP) 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 TOP FINANCIAL GROUP's earnings high quality?

TOP FINANCIAL GROUP (TOP) has an earnings quality ratio of -11.98x, considered mixed quality. 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 TOP FINANCIAL GROUP cover its interest payments?

TOP FINANCIAL GROUP (TOP) has an interest coverage ratio of -3.4x, 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 TOP FINANCIAL GROUP?

TOP FINANCIAL GROUP (TOP) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), 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.