TOP Financial Group Limited TOP NASDAQ

NASDAQ Capital Marke • Financial Services • Financial - Capital Markets • HK • USD

SharesGrow Score

40/100

1/5 Pass

SharesGrow Intrinsic Value

$3.24

+309.6%

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

TOP Financial Group Limited (TOP) generated $-14.47M in operating cash flow for fiscal year 2025. After capital expenditures of $3.23K, free cash flow was $-14.47M.

Free cash flow margin was -434.8% of revenue. Cash conversion ratio was 2.42x, indicating earnings are backed by cash.

Criteria supported by this page:

HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
MOAT (0/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 2.42x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 38/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

40/100

SG Score

View full scorecard →

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VALUE

N/A

No coverage

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FUTURE

N/A

No coverage

PAST

75/100

→ Income

✓

HEALTH

100/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

0/100

Proven by this page

✗

GROWTH

15/100

→ Income

✗

INCOME

10/100

→ Income

TOP Financial Group Limited Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$8.1M	$-14.47M	$17.76M	$-6.03M	$1.58M
Capital Expenditure	$-7.02K	$-3.23K	$-6.06K	$-86.44K	$-413.89K
Free Cash Flow	$8.09M	$-14.47M	$17.75M	$-6.12M	$1.17M