Revenue growth remains inconsistent with a 2026Q2 figure of $3.7M, while gross margins have experienced extreme volatility, collapsing from 49.0% in 2022Q4 to a low of -18.9% in 2025Q2.
| Sales/Revenue | 20.74M | 12.2M | 9.9M | 13.64M | 14.22M | 13.72M |
| Revenue Growth % | -22.43% | 23.21% | -27.37% | -4.08% | 3.64% | - |
| Cost of Goods Sold | 14.4M | 7.69M | 6.78M | 7.86M | 7.47M | 5.25M |
| COGS % of Revenue | - | 63.01% | 68.48% | 57.64% | 52.57% | 38.24% |
| Gross Profit | 6.35M | 4.51M | 3.12M | 5.75M | 6.83M | 8.47M |
| Gross Margin % | 30.59% | 36.99% | 31.52% | 42.19% | 48.03% | 61.76% |
| Gross Profit Growth % | - | 44.59% | -45.74% | -15.73% | -19.4% | - |
| Operating Expenses | 57.75M | 33.06M | 9.21M | 7.11M | 8.66M | 8.84M |
| OpEx % of Revenue | - | 270.92% | 93.02% | 52.14% | 60.92% | 64.43% |
| Selling, General & Admin | 57.84M | 33.04M | 9.18M | 7.1M | 8.63M | 8.81M |
| SG&A % of Revenue | - | 270.78% | 92.72% | 52.07% | 60.71% | 64.24% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | -90.9K | 17.64K | 29.39K | 9.26K | 29.77K | 25.5K |
| Operating Income | -51.5M | -28.54M | -6.09M | -1.36M | -1.82M | -366.04K |
| Operating Margin % | -248.28% | -233.93% | -61.5% | -9.95% | -12.81% | -2.67% |
| Operating Income Growth % | - | -368.65% | -349.01% | 25.53% | -397.61% | - |
| EBITDA | -51.46M | -28.53M | -6.06M | -1.33M | -1.8M | -350.19K |
| EBITDA Margin % | -248.09% | -233.79% | -61.19% | -9.72% | -12.66% | -2.55% |
| EBITDA Growth % | -1634.73% | -370.71% | -357.26% | 26.36% | -413.96% | - |
| D&A (Non-Cash Add-back) | 39.64K | 17K | 30.29K | 31.1K | 21.6K | 15.85K |
| EBIT | -51.5M | -29.29M | -6.09M | -1.35M | -1.82M | -364.99K |
| Net Interest Income | 2.62M | 1.47M | 179.52K | 361 | 16 | 39 |
| Interest Income | 2.62M | 1.47M | 179.52K | 361 | 16 | 39 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.16M | 772.17K | 250.42K | 347.18K | 799.08K | 378.32K |
| Pretax Income | -49.33M | -27.77M | -5.84M | -1.01M | -1.02M | 12.28K |
| Pretax Margin % | -237.85% | -227.6% | -58.97% | -7.4% | -7.19% | 0.09% |
| Income Tax | 205.07K | 1.17K | 0 | 2.51K | 0 | 0 |
| Effective Tax Rate % | -0.42% | -0% | 0% | -0.25% | 0% | 0% |
| Net Income | -48.86M | -27.77M | -5.84M | -1.01M | -1.02M | 12.32K |
| Net Margin % | -235.56% | -227.61% | -58.97% | -7.43% | -7.19% | 0.09% |
| Net Income Growth % | -2411.46% | -375.55% | -476.42% | 0.9% | -8401.09% | - |
| Net Income (Continuing) | -49.06M | -27.77M | -5.84M | -1.01M | -1.02M | 12.28K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.11 | -3.41 | -0.72 | -0.10 | -0.10 | 0.00 |
| EPS Growth % | -1508.39% | -373.61% | -639.98% | 0.82% | - | - |
| EPS (Basic) | - | -3.42 | -0.72 | -0.10 | -0.10 | 0.00 |
| Diluted Shares Outstanding | 43.85M | 8.14M | 8.14M | 10.43M | 10.43M | 10.43M |
| Basic Shares Outstanding | 43.85M | 8.11M | 8.11M | 10.43M | 10.43M | 10.43M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Unsustainable operating expense structure
As reported in financial statements, ROMA's revenue exhibits significant quarterly fluctuations, with a 2026Q2 figure of $3.7M following a 2025Q4 peak of $9.0M, suggesting that the firm's reliance on project-based ESG mandates creates a lumpy growth profile that complicates long-term revenue forecasting for investors.
The inconsistency in top-line performance indicates that the company has yet to transition from episodic consulting engagements to a stable, recurring revenue model. While the 23.21% YoY growth suggests persistent demand for ESG compliance in the Hong Kong market, the lack of sequential stability warrants caution regarding the durability of these mandates.
Based on the provided income statement data, ROMA's gross margin has experienced extreme volatility, collapsing from 49.0% in 2022Q4 to a low of -18.9% in 2025Q2, which implies that the firm is struggling to maintain pricing power against rising professional labor costs in the competitive consulting sector.
The inability to consistently maintain positive gross margins suggests that the direct costs of delivering specialized ESG reports are currently outpacing the fees charged to clients. This margin erosion may indicate that the company is forced to discount services aggressively to secure market share, undermining the value proposition of its niche expertise.
According to recent SEC filings, ROMA's operating margin reached a deeply negative -233.93% on a TTM basis, reflecting a structural disconnect where administrative overhead and expansion-related expenses significantly outpace the gross profit generated by the firm's core consulting activities.
The current cost structure appears to be scaled for a much larger revenue base, suggesting that the company is prioritizing aggressive growth or infrastructure development over immediate operational efficiency. Without a substantial increase in revenue volume to amortize these fixed costs, the firm may continue to face significant pressure on its bottom line.
As indicated by the historical income statement data, ROMA's SG&A expenses have frequently exceeded total revenue, such as in 2026Q2 where SG&A reached $18.8M against $3.7M in revenue, highlighting a management approach that appears to favor rapid scaling over disciplined expense management.
The disproportionate allocation of capital toward administrative and operational overhead suggests that the firm is incurring heavy costs to support its expansion into new markets like Singapore. Investors should monitor whether these expenditures are yielding tangible improvements in client acquisition or if they represent a permanent, unsustainable increase in the company's cost base.
Based on reported figures, the company maintains a significant cash balance of $20.8M, which may provide a false sense of security to investors despite the firm's persistent net losses and the high probability that current operating burn rates will deplete these reserves without a strategic pivot.
While the cash position offers a temporary runway, the underlying income statement reveals a business model that is currently failing to generate self-sustaining cash flow. The market should be wary of the possibility that this capital is being used to subsidize unprofitable growth rather than building a scalable, long-term competitive advantage.
Quick answers to the most common questions about buying ROMA stock.
For fiscal year 2025, Roma Green Finance Limited Ordinary Shares (ROMA) reported total revenue of $12.2M. This represents a 11.0% decline compared to $13.7M in 2021.
Roma Green Finance Limited Ordinary Shares (ROMA) reported a net loss of $27.8M for the fiscal year ending 2025.
Roma Green Finance Limited Ordinary Shares (ROMA) reported an operating income of $-28.5M, resulting in an operating profit margin of -233.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Roma Green Finance Limited Ordinary Shares (ROMA) generated $4.5M in gross profit for the year, representing a gross profit margin of 37.0%. This demonstrates the company's core pricing power and production efficiency.