Company research
TOP Financial Group Ltd
CIK 1848275Updated Sep 24, 2026
SecurityTOP · NASDAQ · equity
Name history
Zhong Yang Financial Group Ltd · through Jul 13, 2022
TOP price & chart
Loading TradingView…
NASDAQ:TOP on TradingView ↗About the company
The Company, through its operating subsidiaries, provides diversified services including online brokerage platforms specializing in the trading of local and foreign equities, futures, and options products, assets and funds management services, trading solutions services, money lending services, trust services, investor relations and public relations services. In addition, the Company has also entered into artificial intelligence (AI) business segments.
In the news
TOP Financial Group Limited Announces 1-for-5 Share Consolidation ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
NT 10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
3 filing
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 3.03, 5.03, 9.01
SCHEDULE 13D filing
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
Financials
FY 2026 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 86,056,943Source | 46,799,758Source | 57,642,843Source | 40,283,896Source |
| Property, Plant and Equipment, NetUSD | 1,114,541Source | 434,024Source | 458,503Source | 482,130Source |
| GoodwillUSD | 26,187Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 63,776Source | 64,268Source | 63,890Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 12,989,922Source | 12,227,380Source | 25,919,945Source | 15,966,421Source |
| Operating Lease, Right-of-Use AssetUSD | 1,557,438Source | 269,664Source | 59,689Source | 156,656Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 51,811,799Source | 11,914,454Source | 17,111,938Source | 4,332,573Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | — | 37,017Source | 35,005Source |
| Additional Paid in CapitalUSD | — | — | — | 25,172,567Source |
| Retained Earnings (Accumulated Deficit)USD | 4,573,642Source | 5,744,465Source | 11,713,813Source | 10,662,274Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 296,688Source | 127,649Source | -123,875Source | 81,477Source |
| Stockholders' Equity Attributable to ParentUSD | 33,943,714Source | 34,885,304Source | 40,530,905Source | 35,951,323Source |
| Additional Paid in Capital, Common StockUSD | 29,036,288Source | 28,976,144Source | 28,903,950Source | — |
| Liabilities and EquityUSD | 86,056,943Source | 46,799,758Source | 57,642,843Source | 40,283,896Source |
| Current liabilities: | ||||
| Operating Lease, Liability, CurrentUSD | 1,584,183Source | 282,333Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | 150,139Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 301,430Source | — | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,175,539Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 60,194Source | 72,223Source | 48,603Source | 50,137Source |
| Deferred Income Tax Expense (Benefit)USD | -43,566Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 14,021,796Source | -14,471,221Source | 17,758,444Source | -6,031,451Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 1,281,105Source | -9,361,665Source | -1,280,863Source | -6,542,863Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 899,500Source | 3,234Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 990,788Source | — | 4,389,992Source | 22,500,871Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 20,851,200Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 31,705,419Source | 15,174,936Source | 38,697,093Source | 17,834,302Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | 713Source | — | 25,652Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | -17,049Source | -37,423Source |
| Additional Financial Items | ||||
| DepreciationUSD | 35,345Source | 33,904Source | 28,518Source | 25,496Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 400Source | — | 468,919Source | — |
| Gain (Loss) on Sale of InvestmentsUSD | 118,968Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,556Source | — | — | — |
| GoodwillUSD | 26,187Source | — | — | — |
| Income Tax Expense (Benefit)USD | -1,781Source | 146,104Source | -63,692Source | 31,520Source |
| Net Income (Loss) Attributable to ParentUSD | -1,170,823Source | -5,969,348Source | 1,051,539Source | 3,397,743Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -4,716Source | — | — | — |
| Operating ExpensesUSD | 5,901,085Source | 9,152,500Source | 7,049,258Source | 6,266,139Source |
| Operating Lease, ExpenseUSD | 549,591Source | 151,214Source | 133,304Source | 104,557Source |
| Payments for Repurchase of WarrantsUSD | — | — | — | 300,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 22,650,871Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 881,488Source | 2,590,291Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,928,441Source | 2,867,430Source | 6,400,468Source | 9,002,365Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 31,202Source | -23,464Source | -8,138Source | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 4,723,765Source | 3,329,256Source | 8,037,105Source | 9,695,402Source |
| Operating Income (Loss)USD | -1,177,320Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | -5,823,244Source | 987,847Source | 3,429,263Source |
| Income Tax Expense (Benefit)USD | -1,781Source | 146,104Source | -63,692Source | 31,520Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -4,716Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,170,823Source | -5,969,348Source | 1,051,539Source | 3,397,743Source |
| Earnings Per Share, BasicUSD per share | -0.03Source | -0.16Source | 0.03Source | 0.1Source |
| Earnings Per Share, DilutedUSD per share | -0.03Source | -0.16Source | 0.03Source | 0.1Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 37,074,230Source | 37,031,391Source | 32,278,485Source | 34,165,920Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 37,074,230Source | 37,031,391Source | 32,278,485Source | 34,165,920Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 41,785Source | 146,104Source | -63,692Source | 31,520Source |
| Interest and Other IncomeUSD | 448,962Source | 680,018Source | 119,745Source | — |
| Interest Income (Expense), NetUSD | 345,241Source | 832,724Source | 236,556Source | — |
| Interest Income, OtherUSD | 952,112Source | — | 116,113Source | 167,500Source |
| Operating ExpensesUSD | 5,901,085Source | 9,152,500Source | 7,049,258Source | 6,266,139Source |
| Operating Lease, ExpenseUSD | 549,591Source | 151,214Source | 133,304Source | 104,557Source |
| Other General and Administrative ExpenseUSD | 622,764Source | 1,713,738Source | 394,101Source | 140,784Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,928,441Source | 2,867,430Source | 6,400,468Source | 9,002,365Source |
Filing attachments
ea030470801ex99-1.htm · 8-K · 2026-09-04
EX-99.1 2 ea030470801ex99-1.htm PRESS RELEASE, DATED SEPTEMBER 4, 2026 Exhibit 99.1 TOP Financial Group Limited Announces Strategic Relocation of Global Headquarters to the United States HOUSTON, Texas, Sept. 04, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options products, today announced the strategic relocation of its global headquarters to the Un…
Read attachment ↗ea030048101ex99-1.htm · 8-K · 2026-08-04
EX-99.1 2 ea030048101ex99-1.htm PRESS RELEASE, DATED AUGUST 4, 2026 Exhibit 99.1 TOP Financial Group Limited Announces Strategic Expansion to Launch Artificial Intelligence Division and Integrate Advanced AI Across Core Brokerage and FinTech Operations SINGAPORE, Aug. 04, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options products, today announced t…
Read attachment ↗ea029985001ex99-1.htm · 8-K · 2026-07-31
EX-99.1 3 ea029985001ex99-1.htm PRESS RELEASE Exhibit 99.1 TOP Financial Group Limited Announces 1-for-5 Share Consolidation SINGAPORE, July 30, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP) (“TOP” or the “Company”), an online brokerage firm specializing in local and foreign equities, futures, and options products, today announced that its board of directors has approved a share consolidation of the Company’s issued and unissued Class A ordinary shares and Class B ordi…
Read attachment ↗ea029893201ex99-1.htm · 8-K · 2026-07-23
EX-99.1 2 ea029893201ex99-1.htm PRESS RELEASE, DATED JULY 21, 2026 Exhibit 99.1 TOP Financial Group Limited Announces Full Exercise of All Outstanding Warrants Following Cashless Exercise SINGAPORE, July 21, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP) (“TOP” or the “Company”), an online brokerage firm specializing in local and foreign equities, futures, and options products, today announced that the outstanding warrants to purchase up to 428,862,444 Class A ordinary …
Read attachment ↗ea029860801ex4-1.htm · 8-K · 2026-07-20
EX-4.1 2 ea029860801ex4-1.htm FORM OF WARRANT, AS AMENDED Exhibit 4.1 THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DI…
Read attachment ↗ea029756801ex99-1.htm · 8-K · 2026-07-13
EX-99.1 2 ea029756801ex99-1.htm PRESS RELEASE DATED JULY 10, 2026 - TOP FINANCIAL GROUP LIMITED ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING AND UPDATE ON OUTSTANDING SHARES Exhibit 99.1 TOP Financial Group Limited Announces Closing of Private Placement Offering and Update on Outstanding Shares SINGAPORE, July 10, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, fu…
Read attachment ↗