TOP Financial Group Limited (Class A) (TOP) carries a Roarable Rating of D+ (Sell) with 55/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, TOP Financial Group Limited (Class A) (NASDAQ: TOP) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 55/100 at a spot price of $11.11 (-22.42% 1D, market cap $1.77B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 11/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, TOP ranks #558 in composite RQD confidence.
Within the Financials sector (Investment Bankers/Brokers/Service), TOP carries a Roarable D+ (55/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, MIY (Blackrock MuniYield Michigan Quality Fund Inc.) holds a D grade (49/100 RQD, P/E N/A, ROIC —, cap $1.79B) and MUJ (Blackrock MuniHoldings New Jersey Quality Fund Inc.) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $1.70B). Among the 5-stock peer group, TOP leads on earnings multiple (N/A) while TOP leads on capital efficiency (— ROIC).
Per TOP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001848275), TOP Financial Group Limited (Class A) generated $4.7M in revenue (+41.9% YoY), -$1.2M in net income, and $13.1M in free cash flow against $64.1M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
SEC XBRL FY 2025 (10-K): 277.8% FCF Margin ($13.1M FCF) & 52% Gross Margin
20D Institutional Volume Accumulation (±12.5% realized swing band)
Dilution Drag (+1.36% YoY Shares) & executive Form 4 sales trim 13 pts from alignment
Even with a 55/100 (D+) score, TOP faces multiple-compression risk if current valuation multiples re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.
Company executives have done more routine share selling than personal cash buying lately.
Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($15.08) or 200D SMA ($8.58) invalidates the momentum regime and cuts Target Base ($10.96) toward Bear Floor ($8.55).
TOP Financial Group Limited (Class A) (TOP) dropped -22.42% to $11.11, trading at 56% of its 52-week range ($3.06 – $17.42). Stretched risk/reward at current multiples (steady margins) under elevated 10-year interest-rate pressure.
Why TOP Financial Group’s Latest Earnings Are Drawing Attention TOP Financial Group (TOP) has put fresh numbers on the table, and the mix is interesting. Second quarter revenue and profit rose year on year, while six mon
TOP Financial Group has seen its share price move sharply in 2026, which puts fresh attention on whether the current US$15.29 level lines up with the strength of its balance sheet and book value. With sentiment swinging
Gainers Amplitech Group, Inc. - Series B Right (NASDAQ:AMPGZ) shares moved upwards by 31.7% to $0.13 during Monday's pre-market session. 3 E Network (NASDAQ:MASK) shares moved upwards by 30.54% to $1.05. The
TOP Financial Group expanded its board from five to seven members, adding independent director Dean Huge to all key committees and appointing executive director Yuli Yan. The company also closed a US$1.47b shelf registra
HOUSTON, Texas, Oct. 16, 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 p
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 its
HOUSTON, Texas, Oct. 14, 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 p
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
Top Financial is a Sell due to extreme valuation, deteriorating fundamentals, and significant disclosure and governance concerns. Read more on TOP stock here.
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +41.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on TOP today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for TOP. Explore sector supply chains on /butterfly.
Across 1096 tracked Financials securities in the Roarable RQD universe, TOP Financial Group Limited (Class A) (TOP) ranks #558 by composite RQD confidence (55/100, grade D+) and #450 by equity capitalization ($1.77B). Within this direct 5-issuer industry benchmark cohort, TOP leads on earnings valuation at N/A trailing P/E, while TOP leads on capital efficiency and profitability with — ROIC and — gross margin. TOP currently leads its immediate peer cohort in composite quantitative strength at 55/100 (D+).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| TOP
ACTIVE
TOP Financial Group Limited (Class A) | D+ | 55/100 | — | — | — | -22.42% | $1.77B | Benchmark Subject |
| MIY Blackrock MuniYield Michigan Quality Fund Inc. | D | 49/100 | — | — | — | +1.33% | $1.79B | /miy-vs-top → |
| MUJ Blackrock MuniHoldings New Jersey Quality Fund Inc. | D | 45/100 | — | — | — | +0.35% | $1.70B | /muj-vs-top → |
| ETOR eToro Group Ltd. (Class A) | D | 45/100 | — | — | — | -3.68% | $1.88B | /etor-vs-top → |
| MHD Blackrock MuniHoldings Fund Inc. | D | 47/100 | — | — | — | +0.56% | $1.61B | /mhd-vs-top → |
In its most recent audited fiscal period (FY2025, filed 2026-03-31), TOP Financial Group Limited (Class A) (TOP) reported GAAP revenue of $4.7M (+41.9% vs. FY2024 revenue of $3.3M , and -41.2% cumulative change since FY2023) , GAAP net income of -$1.2M, operating cash flow of $14.0M, and free cash flow of $13.1M (+190.7% YoY). On the balance sheet, TOP closed FY2025 with $64.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2026-03-31 | $4.7M | -$1.2M | $14.0M | $13.1M | $64.1M | — |
| FY2024 (FY) | 2025-03-31 | $3.3M | -$6.0M | -$14.5M | -$14.5M | — | — |
| FY2023 (FY) | 2024-03-31 | $8.0M | $1.1M | $17.8M | $17.8M | — | — |
As of 2026-11-02, TOP Financial Group Limited (Class A) (NASDAQ: TOP) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 55/100 at a spot price of $11.11 (-22.42% 1D, market cap $1.77B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 11/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, TOP ranks #558 in composite RQD confidence.
Within the Financials sector (Investment Bankers/Brokers/Service), TOP carries a Roarable D+ (55/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, MIY (Blackrock MuniYield Michigan Quality Fund Inc.) holds a D grade (49/100 RQD, P/E N/A, ROIC —, cap $1.79B) and MUJ (Blackrock MuniHoldings New Jersey Quality Fund Inc.) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $1.70B). Among the 5-stock peer group, TOP leads on earnings multiple (N/A) while TOP leads on capital efficiency (— ROIC).
Per TOP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001848275), TOP Financial Group Limited (Class A) generated $4.7M in revenue (+41.9% YoY), -$1.2M in net income, and $13.1M in free cash flow against $64.1M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
TOP last traded at $11.11 (-22.42% on volume of 274,080 shares), positioning the stock -26.33% below its 50-day simple moving average ($15.08) and +29.49% above its 200-day simple moving average ($8.58). Across its 52-week range of $3.06 to $17.42, TOP sits at the 56.1% percentile with a 14-day RSI of 48.4 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($9.72 to $12.50).
Why TOP Stock dropped -22.42% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (steady margins) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, TOP carries an RQD Score of 55, a letter grade of D+, and the verdict label "Roarable Sell — Weak Fundamentals / Trim." The five pillars break down as follows. Fundamental Cash Engine scores 15 of 20, with ROIC at 0% and FCF yield at 0.74%, indicating that the cash-generation case is weak on a return-on-capital basis even though the company reported positive free cash flow in FY 2025. Whale 13F Flow scores 11 of 20, reflecting institutional accumulation and options positioning, though the source does not provide holder-level detail to confirm direction. Insider Conviction scores 7 of 20, reflecting SEC Form 4 and Congressional PTR cluster flow, the lowest pillar and a signal of limited insider confidence. Macro Regime Fit scores 11 of 20, with a beta of 1.0 and sector sensitivity noted, meaning the stock is expected to move in line with the broader market. Forensic Balance Sheet scores 11 of 20, with an Altman Z-Score of 2.5, a Piotroski F-Score of 5 of 9, and Debt/Equity of 0.5, pointing to a middling financial-health profile. For a prospective investor, the upside case rests on a recovery in operating profitability from the reported FY 2025 operating loss, while the valuation tradeoff is that the company currently reports negative operating and net margins with no earnings-based multiples available in the source data. The rating's verdict implies caution and a preference to trim rather than add exposure.
TOP Financial Group Limited (Class A) is a NASDAQ-listed issuer classified in the Financials sector and the Investment Bankers/Brokers/Service industry, per the company profile. The profile identifies the company as operating in this industry with a market capitalization of $1.8B. The source data does not describe specific products, client types, or revenue-generation mechanics.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $4.7M | $-1.2M | $-1.2M | N/A | $13.1M | N/A | N/A |
| FY 2024 | $3.3M | $-5.8M | $-6.0M | N/A | $-14.5M | N/A | N/A |
| FY 2023 | $8.0M | $0.0M | $1.1M | N/A | $17.8M | N/A | N/A |
Per the SEC financials, revenue rose from $3.3M in FY 2024 to $4.7M in FY 2025 while net income improved from $-6.0M to $-1.2M, though both years show losses. Per the market data, operating margin is -24.9%, net margin is -24.8%, gross margin is 0%, and ROIC is 0%. The RQD pillar data reports an Altman Z-Score of 2.5, a Piotroski F-Score of 5 of 9, and Debt/Equity of 0.5. Cash and debt balances are not available in source data.
Real-time company headlines, analyst actions, and sector developments for TOP Financial Group Limited (Class A) (TOP) • Click "Debate This Headline" to argue it in the Roar Pit below
Why TOP Financial Group’s Latest Earnings Are Drawing Attention TOP Financial Group (TOP) has put fresh numbers on the table, and the mix is interesting. Second quarter revenue and profit rose year on year, while six mon
TOP Financial Group has seen its share price move sharply in 2026, which puts fresh attention on whether the current US$15.29 level lines up with the strength of its balance sheet and book value. With sentiment swinging
Gainers Amplitech Group, Inc. - Series B Right (NASDAQ:AMPGZ) shares moved upwards by 31.7% to $0.13 during Monday's pre-market session. 3 E Network (NASDAQ:MASK) shares moved upwards by 30.54% to $1.05. The
TOP Financial Group expanded its board from five to seven members, adding independent director Dean Huge to all key committees and appointing executive director Yuli Yan. The company also closed a US$1.47b shelf registra
HOUSTON, Texas, Oct. 16, 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 p
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 its
HOUSTON, Texas, Oct. 14, 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 p
Welcome to the TOP (TOP Financial Group Limited (Class A)) Roar Pit. Current RQD Composite is 55/100 (Roarable Sell — Weak Fundamentals / Trim) in Investment Bankers/Brokers/Service. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on TOP, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless TOP Financial Group Limited (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on TOP, the market is fixating on short-term headline noise in Investment Bankers/Brokers/Service and ignoring the balance sheet and cash flow trajectory. At $14.32 (52-wk range $3.06 - $17.42), any beat on forward guidance forces shorts and underweight funds to chase.
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