Here are the 10-Q quarterly reports from TOP Financial Group Limited (TOP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TOP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TOP filings page.
TOP Financial Group Ltd. reported second-quarter revenue of $2,209,966, compared with $1,535,542 a year earlier, and net income of $274,263, versus $104,548. For the six months ended September 30, 2026, revenue was $3,286,666, compared with $2,868,935, while net income was $160,538, compared with $190,540.
AI services launched in August 2026 and generated $222,111 in revenue in both the three- and six-month periods ended September 30, 2026. Net loans receivable were $99,713,465 as of September 30, 2026, compared with $11,751,771 as of March 31, 2026. Six-month operating cash flow was a use of $2,386,211, versus cash provided of $11,328,477 a year earlier.
TOP closed a private placement in July 2026 with $80 million in gross proceeds and $79,886,960 in net proceeds after $113,040 in offering costs. All warrant holders exercised in full under the cashless exercise provision on July 19, 2026; TOP issued 72,106,886 Class A ordinary shares on July 20, 2026.
TOP Financial Group Limited reported for the quarter ended June 30, 2026 total assets of $158.4 million, up from $86.1 million at March 31, 2026, driven mainly by loan growth and cash from equity financing. Loans receivable, net, rose to $81.2 million from $11.8 million, and digital assets (USDT) reached $2.3 million.
Quarterly revenues were $1.08 million, down from $1.33 million a year earlier, as futures brokerage commissions declined while interest income from the loan business and other services increased. The company recorded a net loss attributable to shareholders of $0.11 million, versus net income of $0.09 million in the prior-year quarter, with basic and diluted EPS of $(0.02).
Operating cash flow was strong at $6.0 million, and cash, cash equivalents and restricted cash totaled $45.3 million. As of June 30, 2026 the company had 6,710,691 Class A and 2,000,000 Class B ordinary shares outstanding, but subsequent private placements and warrant exercises raised $80 million and significantly increased share count, followed by a 1-for-5 Share Consolidation.