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

+287.6%

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

TOP Financial Group Limited (TOP) generated $7.29M in operating cash flow for quarter ending 2025-09-30. After capital expenditures of $699.00, free cash flow was $7.29M.

Free cash flow margin was 254.1% of revenue. Cash conversion ratio was 38.27x, 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 38.27x 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 →

—

VALUE

N/A

No coverage

—

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	Q2 FY2026	Q4 FY2025	Q2 FY2025	Q4 FY2024
Operating Cash Flow	$8.1M	$7.29M	$-6.31M	$-8.16M	$15.28M
Capital Expenditure	$-7.02K	$-699.00	$-3.23K	$0.00	$-3.09K
Free Cash Flow	$8.09M	$7.29M	$-6.31M	$-8.16M	$15.28M