The firm's capital structure remains volatile, with an equity-to-assets ratio of 0.41 as of 2025Q4, reflecting a significant contraction from the $148.9M asset base held in 2021Q4.
| Cash & Short Term Investments | 23.95M | 16.94M | 33.48M | 22.26M | 31M | 3.44M | 6.57M | 8.22M | 2.96M |
| Cash & Due from Banks | 20.12M | 16.93M | 28.95M | 11.16M | 15.1M | 3.43M | 6.39M | 7.11M | 2.96M |
| Short Term Investments | 3.83M | 2.42K | 4.52M | 11.1M | 15.9M | 17.62K | 180.2K | 1.11M | 0 |
| Total Investments | 17.08M | 2.42K | 4.52M | 12.54M | 17.45M | 17.62K | 180.2K | 1.11M | 0 |
| Investments Growth % | 704900.41% | -99.95% | -63.93% | -28.14% | 98927.82% | -90.22% | -83.72% | - | - |
| Long-Term Investments | 13.25M | 0 | 168 | 1.44M | 1.55M | 0 | 194.11K | 0 | 0 |
| Accounts Receivables | 1.27M | 1.05M | 13.85M | 0 | 87.94M | 0 | 1.77M | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 86.73K | 67.96K | 63.85K | 63.98K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 86.73K | 67.96K | 63.85K | 63.98K |
| PP&E (Net) | 15.13M | 17.61M | 20.44M | 14.95M | 17.51M | 34.92K | 73.69K | 105.96K | 76.12K |
| Other Assets | 27.23K | 110.95K | 677.16K | 1.21M | 1.46M | 6.17M | 39.23K | 12.39M | 2.94M |
| Total Current Assets | 26.23M | 18.64M | 53.43M | 69.04M | 128.4M | 16.61M | 13.04M | 3.12M | 2.34M |
| Total Non-Current Assets | 28.41M | 17.72M | 21.12M | 17.59M | 20.52M | 6.29M | 375.67K | 12.56M | 3.08M |
| Total Assets | 54.65M | 36.37M | 74.54M | 86.63M | 148.92M | 22.91M | 13.42M | 18.69M | 13.86M |
| Asset Growth % | 50.26% | -51.21% | -13.96% | -41.82% | 550.12% | 70.71% | -28.22% | 34.91% | - |
| Return on Assets (ROA) | -10.89% | -49.5% | -6.53% | -28.85% | 0.03% | -14.18% | 51.17% | -17.03% | -5.3% |
| Accounts Payable | 2.14M | 19.74M | 37.61M | 48.79M | 89.06M | 9.07M | 3.88M | 0 | 0 |
| Total Debt | 18.25M | 4.62M | 2.33M | 5.39M | 110K | 1.11M | 1.54M | 0 | 0 |
| Net Debt | -1.87M | -12.31M | -26.63M | -5.77M | -14.99M | -2.32M | -4.85M | -7.11M | -2.96M |
| Long-Term Debt | 18.03M | 1.16M | 1.6M | 4.68M | 1.94M | 816.01K | 0 | 0 | 0 |
| Short-Term Debt | 109.98K | 3.26M | 110K | 711.53K | 110K | 293.9K | 1.54M | 0 | 0 |
| Other Liabilities | 5.18M | 123.19K | 109.69K | 56.3K | 3.16M | 0 | 0 | 9.9M | 2.27M |
| Total Current Liabilities | 9.06M | 27.83M | 44.34M | 53.87M | 91.51M | 11.32M | 6.23M | 0 | 0 |
| Total Non-Current Liabilities | 23.26M | 1.34M | 1.79M | 5.36M | 3.16M | 816.01K | 4.69M | 9.9M | 2.27M |
| Total Liabilities | 32.32M | 29.17M | 46.13M | 59.22M | 94.67M | 12.13M | 6.23M | 9.9M | 2.27M |
| Total Equity | 22.33M | 7.2M | 28.41M | 27.41M | 54.24M | 10.77M | 7.19M | 8.79M | 11.59M |
| Equity Growth % | 210.23% | -74.67% | 3.64% | -49.46% | 403.57% | 49.8% | -18.2% | -24.13% | - |
| Equity / Assets (Capital Ratio) | 40.86% | 19.79% | 38.11% | 31.64% | 36.42% | 47.03% | 53.59% | 47.03% | 83.62% |
| Return on Equity (ROE) | -33.58% | -154.17% | -18.84% | -83.21% | 0.07% | -28.68% | 102.82% | -27.2% | -6.34% |
| Book Value per Share | 458.89 | 202.36 | 3493.80 | 8926.30 | 26999.79 | 15910.93 | 6188.37 | 7565.59 | 9971.90 |
| Tangible BV per Share | 458.89 | 202.36 | 3493.80 | 8926.30 | 26999.79 | 15782.82 | 6129.88 | 7510.64 | 9916.85 |
| Common Stock | 15.17M | 184.3K | 20.31K | 5.86K | 3.95K | 1.95K | 709 | 12.5M | 12.5M |
| Additional Paid-in Capital | 82.76M | 77.92M | 71.53M | 63.66M | 54.06M | 12.27M | 7.61M | 0 | 0 |
| Retained Earnings | -72.16M | -67.2M | -39.75M | -34.49M | -2.93M | -3.73M | -376.9K | -3.6M | -827.42K |
| Accumulated OCI | -130.26K | -312.08K | -268.56K | -303.21K | -57.53K | -17.47K | -37.95K | -113.59K | -88.84K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 3.93M | 0 | 0 | 0 | 0 |
Speculative asset valuation risk
According to recent financial statements, Lion Group Holding's total assets have declined from $148.9M in 2021Q4 to $54.6M in 2025Q4, reflecting a significant contraction in the firm's balance sheet scale as it pivots away from traditional brokerage activities toward speculative digital asset ventures.
The reduction in total assets suggests a shrinking footprint in core financial services, which may limit the firm's ability to generate meaningful commission-based revenue. Investors should monitor whether this contraction is a deliberate de-risking strategy or a symptom of losing market share to more established regional competitors.
As reported in the 2025Q4 filings, the equity-to-assets ratio stands at 0.41, a recovery from the 0.09 low in 2025Q2, yet this volatility highlights the precarious nature of the firm's capital base as it absorbs losses from its non-core metaverse and NFT initiatives.
While the current capital ratio appears adequate on the surface, the underlying quality of equity is questionable given the potential for impairment in speculative digital assets. The fluctuation in capital levels suggests that the firm's financial position is highly sensitive to the success of its experimental business segments.
Based on the 2025Q4 balance sheet, the company maintains $20.1M in cash and bank deposits, representing a significant portion of its $54.6M total assets, which provides a temporary buffer against the firm's persistent inability to generate positive operating cash flow from its core brokerage operations.
This cash-heavy position may be interpreted as a defensive posture, yet it also indicates a lack of productive deployment into revenue-generating financial assets. The reliance on this cash pile to fund ongoing operations suggests that the firm's liquidity is being slowly depleted by its high fixed-cost structure.
Financial disclosures indicate that the firm holds $17.1M in investment securities as of 2025Q4, a sharp increase from the negligible levels seen in 2024, which warrants further investigation into the liquidity and valuation methodology of these assets within the context of the firm's broader risk profile.
The sudden shift into investment securities may indicate a change in treasury management or an attempt to hide operational losses through mark-to-market gains on volatile assets. Analysts should be wary of the potential for these securities to become illiquid if market conditions for the firm's specific niche deteriorate further.
Quick answers to the most common questions about buying LGHL stock.
As of 2025, Lion Group Holding Ltd. (LGHL) had total assets of $54.6M including $26.2M in current assets.
Lion Group Holding Ltd. (LGHL) carries total debt of $18.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lion Group Holding Ltd. (LGHL) has total shareholders' equity (book value) of $25.6M ($458.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lion Group Holding Ltd. (LGHL) reported a current ratio of 2.90x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.