TOP TOP Financial Group Ltd

Overview and Growth

In fiscal 2026, TOP Financial Group Ltd recorded $4.72M of revenue, net loss of $1.17M, and an operating cash inflow of $14.02M. The $4.72M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $3.33M in fiscal 2025, revenue recorded a 41.9% year-over-year increase. On a per-share basis, diluted EPS was -$0.03, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 37.07M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 0.1% from 37.03M in fiscal 2025, leaving the current share base higher year over year. Total assets stood at $86.06M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.05x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The company recorded an operating loss of $1.18M after the reported operating expense base. An operating margin of -24.9% reflected costs exceeding revenue-level gross profit by 24.9% of sales. The company ended the period with a net loss of $1.17M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 24.8% after all recognized items. EBITDA was negative $1.14M, showing a deficit before interest, taxes, depreciation, and amortization. An income-tax benefit of $1.78K improved the final result relative to pretax income or loss. Relative to period-end equity, the net loss represented 3.4%. The net loss equaled 1.4% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $5.97M in fiscal 2025 to $1.17M.

Liquidity and Capital Structure

Total assets were $86.06M, supported by $51.81M of liabilities and $34.25M of shareholder equity. Reported cash and equivalents were $12.99M, separating immediately recognizable cash resources from the rest of the current-asset base. The equity-to-assets relationship was 39.8%, placing book capital against the total resource base. Liabilities represented 60.2% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 15.1% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $46.80M in fiscal 2025, the current asset base moved 83.9% and finished higher. Book equity was 1.8% lower than fiscal 2025 equity of $34.89M, showing how shareholder capital changed year over year. Compared with $12.23M in fiscal 2025, the current cash balance moved 6.2% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $14.02M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $899.50K of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 6.4% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $13.12M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 277.8%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 15.2%, showing the cash productivity of the company’s assets. Operating cash flow moved from a $14.47M outflow in fiscal 2025 to a $14.02M inflow.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Sep 24, 2026.