TROOPS
Operates Hong Kong lending, property, fintech and advisory businesses.
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Profile
Operates a Hong Kong portfolio of mortgage lending, rental-property operations, a financial-technology marketplace and referral/advisory services. Revenue comes from lending, rental income and service activities across separately managed business units.
Operates Hong Kong mortgage lending, property investment for rental income, and property lease and management. Separately managed units also offer an online financial marketplace and financial-technology solutions, as well as insurance-referral consultancy and migration, education and visa advisory/referral services.
Mortgage lending operates in Hong Kong, while rental-property operations produce lease income. The financial marketplace incorporates API, AI, big-data, blockchain and SaaS elements; the portfolio took shape through additions of lending, property and financial-technology businesses.
The chief operating decision maker reviews the units separately. The mix depends on regulated financial and insurance-adjacent services.
Company facts
Key statistics
Year to date −39.4% · Average volume (30d) 308.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 29, 2026 | — | −$0.22 | — | — | $9.5M | — | +8.44% |
| May 5, 2025 | — | −$0.12 | — | — | $7.5M | — | +4.13% |
| Nov 19, 2024 | — | −$0.01 | — | — | $2.6M | — | −4.42% |
| Apr 29, 2024 | — | −$0.01 | — | — | $1.7M | — | −1.74% |
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.7M | $2.6M | $7.5M | $7.6M | $9.5M | |
| Gross profit | $410.0K | $415.0K | $698.0K | $1.2M | $1.1M | $436.0K | |
| Operating income | −$1.1M | −$743.0K | −$3.0M | −$2.8M | −$1.2M | −$15.5M | |
| Net income | −$1.0M | −$681.0K | −$1.4M | −$12.1M | −$966.0K | −$26.9M | |
| Diluted EPS | −$0.01 | −$0.01 | −$0.01 | −$0.12 | −$0.01 | −$0.22 | |
| Gross margin | 22.4% | 23.9% | 26.8% | 16.7% | 14.8% | 4.6% | |
| Operating margin | -57.7% | -42.8% | -113.8% | -37.0% | -16.2% | -163.1% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $4.0M · Total debt $4.0K · Total assets $69.1M · Shareholders' equity $49.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 122.16M · Float 48.91M · 40.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Geode Capital Management, LLC | 74.1K | 0.06% | 13F | May 15, 2026 |
| UBS Group AG | 58.3K | 0.05% | 13F | May 5, 2026 |
| Jane Street Group, LLC | 37.0K | 0.03% | 13F | May 12, 2026 |
| HRT Financial LP | 20.0K | 0.02% | 13F | May 14, 2026 |
| XTX Topco Ltd | 19.4K | 0.02% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- MoneyHero
Hong Kong financial comparison, insurance brokerage and SaaS platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TROOPS | $2.12 | −1.36% | $262.6M | — | — | 15.4 | +27.0% |
| MoneyHero | $0.8800 | −0.01% | $39.2M | — | — | 0.5 | — |
| Median | — | — | 0.5 | — |