What is TROOPS INC's earnings per share (EPS)?

TROOPS INC (TROO) reported diluted earnings per share of $-0.13 for fiscal year 2024. This represents a -550.0% 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.

TROOPS INC Financials

TROO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows TROOPS INC (TROO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 TROO FY2024 2026-04-22

A small-revenue business with a large asset base is improving cash flow, but overhead still overwhelms gross profit and returns.

The latest year nearly tripled revenue, but the net loss widened to -$13.4M. Because operating cash flow swung to $2.0M from -$6.5M, earnings and cash diverged: the reported loss likely includes sizable non-cash charges, while the business itself became less cash-destructive.

The balance sheet looks lightly levered: liabilities were $10.9M against $68.2M of equity. That means current pressure comes more from weak asset productivity than from creditors; a $79.2M asset base still produced -16.9% ROA.

The operating model still has a cost-absorption problem: gross profit was only $1.9M while selling and administrative expense reached $4.0M, so the core business did not cover overhead even before other charges. The revenue jump therefore looks more like higher activity without enough scale efficiency than a clean improvement in profitability.

Financial Health Signals

Financial Profile 44/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of TROOPS INC'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.

Profitability

TROOPS INC has an operating margin of -56.9%, meaning the company retains $-57 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -50.5% the prior year.

Growth

100

TROOPS INC's revenue surged 182.2% year-over-year to $10.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

TROOPS INC carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

TROOPS INC's current ratio of 3.30 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

TROOPS INC's free cash flow margin of 16.9% results in a low score of 0/100. Capital expenditures of $251K absorb a large share of operating cash flow.

Returns

TROOPS INC generates a -19.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -2.8% the prior year.

Piotroski F-Score Neutral

4/9

TROOPS INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.15x

For every $1 of reported earnings, TROOPS INC generates $-0.15 in operating cash flow ($2.0M OCF vs -$13.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$10.1M

YoY+182.2%

5Y CAGR+14.5%

10Y CAGR-13.6%

TROOPS INC generated $10.1M in revenue in fiscal year 2024. This represents an increase of 182.2% from the prior year.

EBITDA

-$3.5M

YoY-1222.0%

TROOPS INC's EBITDA was -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1222.0% from the prior year.

Net Income

-$13.4M

YoY-680.3%

TROOPS INC reported -$13.4M in net income in fiscal year 2024. This represents a decrease of 680.3% from the prior year.

EPS (Diluted)

$-0.13

YoY-550.0%

TROOPS INC earned $-0.13 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 550.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.7M

YoY+125.2%

5Y CAGR-9.8%

TROOPS INC generated $1.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 125.2% from the prior year.

Cash & Debt

$5.2M

YoY+66.2%

5Y CAGR+0.2%

10Y CAGR+49.6%

TROOPS INC held $5.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

113M

YoY+10.7%

5Y CAGR+7.1%

10Y CAGR+20.5%

TROOPS INC had 113M shares outstanding in fiscal year 2024. This represents an increase of 10.7% from the prior year.

Margins & Returns

Gross Margin

19.3%

YoY-2.5pp

5Y CAGR-34.2pp

10Y CAGR+14.6pp

TROOPS INC's gross margin was 19.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the prior year.

Operating Margin

-56.9%

YoY-6.4pp

5Y CAGR-42.5pp

10Y CAGR-53.7pp

TROOPS INC's operating margin was -56.9% in fiscal year 2024, reflecting core business profitability. This is down 6.4 percentage points from the prior year.

Net Margin

-133.2%

YoY-85.0pp

5Y CAGR+246.2pp

10Y CAGR-127.9pp

TROOPS INC's net profit margin was -133.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 85.0 percentage points from the prior year.

Return on Equity

-19.7%

YoY-16.8pp

5Y CAGR-3.4pp

10Y CAGR-17.0pp

TROOPS INC's ROE was -19.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 16.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$251K

YoY+13.6%

5Y CAGR-0.5%

TROOPS INC invested $251K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 13.6% from the prior year.

TROO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$10.1M+182.2%	$3.6M-7.9%	$3.9M+5.2%	$3.7M-14.2%	$4.3M-16.1%	$5.1M
Cost of Revenue	$8.1M+191.2%	$2.8M-8.5%	$3.1M-8.1%	$3.3M-38.0%	$5.4M+125.1%	$2.4M
Gross Profit	$1.9M+150.1%	$776K-5.6%	$822K+128.3%	$360K+133.8%	-$1.1M-139.0%	$2.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.0M+43.6%	$2.8M+25.8%	$2.2M-20.2%	$2.7M+4.9%	$2.6M-37.5%	$4.2M
Operating Income	-$5.7M-217.9%	-$1.8M-236.2%	-$536K+93.9%	-$8.8M+86.9%	-$67.3M-9099.7%	-$732K
Interest Expense	N/A	$62K+5.1%	$59K-42.7%	$103K-89.9%	$1.0M	$0
Income Tax	$27K+119.3%	-$140K-150.0%	-$56K+55.6%	-$126K+59.2%	-$309K-175.4%	$410K
Net Income	-$13.4M-680.3%	-$1.7M-396.8%	-$346K+95.9%	-$8.4M+87.6%	-$67.9M-250.1%	-$19.4M
EPS (Diluted)	$-0.13-550.0%	$-0.02-100.0%	$-0.01+87.5%	$-0.08+88.4%	$-0.69-187.5%	$-0.24

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
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

TROO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$79.2M+12.6%	$70.3M+0.9%	$69.7M-0.9%	$70.3M-22.0%	$90.1M-35.5%	$139.7M
Current Assets	$19.6M+83.3%	$10.7M-7.5%	$11.5M+85.9%	$6.2M-75.8%	$25.6M-44.7%	$46.4M
Cash & Equivalents	$5.2M+66.2%	$3.1M+5.5%	$3.0M-15.2%	$3.5M+14.9%	$3.0M-40.9%	$5.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+56700.0%	$2K	N/A	$8K0.0%	$8K-33.3%	$12K
Goodwill	$12.3M+3107.3%	$385K0.0%	$385K0.0%	$385K-92.5%	$5.1M+30.7%	$3.9M
Total Liabilities	$10.9M+12.0%	$9.8M+30.5%	$7.5M-4.3%	$7.8M-59.9%	$19.5M-2.3%	$20.0M
Current Liabilities	$5.9M+25.3%	$4.7M+116.2%	$2.2M-0.2%	$2.2M-70.6%	$7.4M+14.7%	$6.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$68.2M+12.7%	$60.6M-2.6%	$62.2M-0.5%	$62.5M-11.5%	$70.6M-40.9%	$119.6M
Retained Earnings	-$89.0M-17.7%	-$75.6M-2.3%	-$73.9M-0.5%	-$73.5M-12.9%	-$65.1M-2911.7%	$2.3M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$79.2M+12.6%	$70.3M+0.9%	$69.7M-0.9%	$70.3M-22.0%	$90.1M-35.5%	$139.7M-26.8%	$190.8M+93.8%	$98.5M
Current Assets	$19.6M+83.3%	$10.7M-7.5%	$11.5M+85.9%	$6.2M-75.8%	$25.6M-44.7%	$46.4M-39.4%	$76.5M+1241.3%	$5.7M
Cash & Equivalents	$5.2M+66.2%	$3.1M+5.5%	$3.0M-15.2%	$3.5M+14.9%	$3.0M-40.9%	$5.1M-64.2%	$14.3M+201.6%	$4.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+56700.0%	$2K	N/A	$8K0.0%	$8K-33.3%	$12K0.0%	$12K	$0
Goodwill	$12.3M+3107.3%	$385K0.0%	$385K0.0%	$385K-92.5%	$5.1M+30.7%	$3.9M+1475.0%	$248K-99.2%	$31.1M
Total Liabilities	$10.9M+12.0%	$9.8M+30.5%	$7.5M-4.3%	$7.8M-59.9%	$19.5M-2.3%	$20.0M-12.0%	$22.7M+54.9%	$14.6M
Current Liabilities	$5.9M+25.3%	$4.7M+116.2%	$2.2M-0.2%	$2.2M-70.6%	$7.4M+14.7%	$6.5M-35.3%	$10.0M+196.4%	$3.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$68.2M+12.7%	$60.6M-2.6%	$62.2M-0.5%	$62.5M-11.5%	$70.6M-40.9%	$119.6M-13.4%	$138.1M+64.7%	$83.8M
Retained Earnings	-$89.0M-17.7%	-$75.6M-2.3%	-$73.9M-0.5%	-$73.5M-12.9%	-$65.1M-2911.7%	$2.3M-89.0%	$21.1M-48.4%	$40.9M

TROO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.0M+129.9%	-$6.5M-1676.6%	-$368K-103.0%	$12.3M-43.8%	$21.9M+601.5%	$3.1M
Capital Expenditures	$251K+13.6%	$221K+41.7%	$156K-61.2%	$402K+240.7%	$118K-54.1%	$257K
Free Cash Flow	$1.7M+125.2%	-$6.8M-1189.9%	-$524K-104.4%	$11.9M-45.3%	$21.7M+660.5%	$2.9M
Investing Cash Flow	$492K-89.7%	$4.8M+3163.5%	-$156K+97.2%	-$5.6M+79.6%	-$27.4M-42.3%	-$19.3M
Financing Cash Flow	-$384K-120.0%	$1.9M	N/A	-$6.2M-281.9%	$3.4M-50.7%	$7.0M
Dividends Paid	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

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
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

TROO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	19.3%-2.5pp	21.7%+0.5pp	21.2%+11.4pp	9.8%+34.6pp	-24.8%-78.3pp	53.4%
Operating Margin	-56.9%-6.4pp	-50.5%-36.7pp	-13.8%+225.2pp	-239.1%+1329.6pp	-1568.7%-1554.3pp	-14.3%
Net Margin	-133.2%-85.0pp	-48.2%-39.2pp	-8.9%+219.5pp	-228.4%+1353.6pp	-1582.1%-1202.7pp	-379.3%
Return on Equity	-19.7%-16.8pp	-2.8%-2.3pp	-0.6%+12.9pp	-13.5%+82.7pp	-96.2%-79.9pp	-16.2%
Return on Assets	-16.9%-14.5pp	-2.4%-1.9pp	-0.5%+11.5pp	-12.0%+63.4pp	-75.4%-61.5pp	-13.9%
Current Ratio	3.30+1.0	2.26-3.0	5.28+2.4	2.83-0.6	3.44-3.7	7.14
Debt-to-Equity	0.160.0	0.16+0.0	0.120.0	0.13-0.2	0.28+0.1	0.17
FCF Margin	16.9%+206.3pp	-189.4%-175.9pp	-13.5%-336.3pp	322.8%-183.5pp	506.3%+450.4pp	55.9%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
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	3.30+1.0	2.26-3.0	5.28+2.4	2.83-0.6	3.44-3.7	7.14-0.5	7.63+5.9	1.69
Debt-to-Equity	0.160.0	0.16+0.0	0.120.0	0.13-0.2	0.28+0.1	0.170.0	0.16-0.0	0.17
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 TROOPS INC's annual revenue?

TROOPS INC (TROO) reported $10.1M in total revenue for fiscal year 2024. This represents a 182.2% 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 TROOPS INC's revenue growing?

TROOPS INC (TROO) revenue grew by 182.2% year-over-year, from $3.6M to $10.1M in fiscal year 2024.

Is TROOPS INC profitable?

No, TROOPS INC (TROO) reported a net income of -$13.4M in fiscal year 2024, with a net profit margin of -133.2%.

What is TROOPS INC's EBITDA?

TROOPS INC (TROO) had EBITDA of -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is TROOPS INC's gross margin?

TROOPS INC (TROO) had a gross margin of 19.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is TROOPS INC's operating margin?

TROOPS INC (TROO) had an operating margin of -56.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is TROOPS INC's net profit margin?

TROOPS INC (TROO) had a net profit margin of -133.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is TROOPS INC's return on equity (ROE)?

TROOPS INC (TROO) has a return on equity of -19.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is TROOPS INC's free cash flow?

TROOPS INC (TROO) generated $1.7M in free cash flow during fiscal year 2024. This represents a 125.2% 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 TROOPS INC's operating cash flow?

TROOPS INC (TROO) generated $2.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are TROOPS INC's total assets?

TROOPS INC (TROO) had $79.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are TROOPS INC's capital expenditures?

TROOPS INC (TROO) invested $251K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does TROOPS INC have outstanding?

TROOPS INC (TROO) had 113M shares outstanding as of fiscal year 2024.

What is TROOPS INC's current ratio?

TROOPS INC (TROO) had a current ratio of 3.30 as of fiscal year 2024, which is generally considered healthy.

What is TROOPS INC's debt-to-equity ratio?

TROOPS INC (TROO) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TROOPS INC's return on assets (ROA)?

TROOPS INC (TROO) had a return on assets of -16.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is TROOPS INC's Piotroski F-Score?

TROOPS INC (TROO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 TROOPS INC's earnings high quality?

TROOPS INC (TROO) has an earnings quality ratio of -0.15x, 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.

How financially healthy is TROOPS INC?

TROOPS INC (TROO) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.