Lion Group (ADR)
Chinese-investor-focused platform for TRS, CFDs, and OTC stock options.
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Profile
Provides TRS, CFD, and OTC stock-options trading through Lion Brokers Pro, serving mostly Chinese investors outside the United States. Revenue centers on OTC options, while operating activities have narrowed to Cayman Islands subsidiaries under CIMA oversight.
Provides total-return swaps, contracts for difference, and over-the-counter stock options through Lion Brokers Pro and companion desktop and mobile applications. The platform serves mostly Chinese investors living inside and outside mainland China, excluding the United States; OTC options are predominantly linked to China A-shares, while TRS orders are generally matched back-to-back with swap counterparties.
Revenue is concentrated in OTC stock-options trading, where it writes options and may offset positions with third-party issuers. The business has withdrawn from Hong Kong futures and securities brokerage and now operates primarily through Cayman Islands subsidiaries, with CIMA as its sole remaining operating regulator. Customer access depends on cross-border financial rules and licensing, and its digital-asset treasury is held mainly in pledged, blocked custody accounts.
Company facts
Key statistics
Year to date −97.6% · Average volume (30d) 7.7M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Dec 1, 2025 | — | −$68.45 | — | −$2.9M | −$2.9M | 0.0% | −10.91% |
| May 20, 2025 | — | −$31.45 | — | — | −$38.0M | — | −1.41% |
| Jun 30, 2024 | — | −$72.68 | — | — | $6.7M | — | +0.10% |
| Apr 30, 2024 | — | −$89.96 | — | — | $7.0M | — | +6.78% |
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.3M | $7.0M | $6.7M | −$38.0M | −$2.9M | $12.0M | |
| Gross profit | $8.9M | $555.6K | $6.7M | −$44.1M | −$5.8M | $9.2M | |
| Operating income | $693.0K | −$1.6M | −$2.0M | −$51.2M | −$7.2M | $4.4M | |
| Net income | $1.2M | −$6.0M | −$7.6M | −$19.8M | −$7.6M | $2.6M | |
| Diluted EPS | $300.00 | −$8,996.46 | −$3,924.75 | −$3,144.65 | −$6,844.55 | $0.00 | |
| Gross margin | 67.2% | 8.0% | 100.0% | — | — | 76.5% | |
| Operating margin | 5.2% | -23.1% | -29.2% | — | — | 36.8% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $24.0M · Total debt $18.3M · Total assets $54.6M · Shareholders' equity $25.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.0K · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | HRT Financial LP | 10 percent owner | −45,130 | $0.9390 |
| Aug 5, 2026 | HRT Financial LP | 10 percent owner | −10,392 | $0.9270 |
| Aug 3, 2026 | HRT Financial LP | 10 percent owner | −1,827 | $0.9260 |
| Aug 4, 2026 | HRT Financial LP | 10 percent owner | +13,764 | $0.9200 |
| Jul 30, 2026 | HRT Financial LP | 10 percent owner | −16,205 | $1.04 |
Peers
- Interactive Brokers
Scaled multi-asset brokerage substitutes for leveraged derivatives access.
- StoneX Group
FOREX.com brings large-scale retail CFD and FX distribution.
- Futu (ADR)
Chinese-investor brokerage platform overlaps in global investing access.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lion Group (ADR) | $0.5600 | +7.98% | $2.1K | — | — | 0.0 | — |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| Futu (ADR) | $124.15 | −0.05% | $17.34B | 12.3 | 11.5 | 5.2 | +35.7% |
| Median | 12.3 | 16.5 | 5.2 | +35.7% |





