TryHard Holdings Limited(THH)Earnings, Financials & Key Ratios

THH•NASDAQ

9999.0× P/E·Price updated Jun 19, 2026

SectorIndustrials IndustryBusiness Services Sub-IndustryMarketing, Printing and Investor Communications

AboutTryHard Holdings Limited, a lifestyle entertainment company, provides a range of services across the entertainment and hospitality sectors. It offers multi-genre event curation services, including conceptualizing an event or function; designing and creating a theme for a stage or event; and provision of public announcement sound systems, lighting, and disc jockey and video jockey technicians, as well as security, graphics/web design, music video production and enhancement, and ticketing services. The company also provides consultancy and management services, such as venue management, artist production and management, security, food and beverage, ticketing, accounting, visual design, VIP packages, photography, logo design, marketing, etc. In addition, it offers sub-leasing solutions to entertainment venue owners and operators; and operates a portfolio of restaurants that provides a range of cuisines and dining experiences. The company was founded in 2013 and is headquartered in Osaka, Japan.Show more

Revenue$24.57B+609.9%
EBITDA$880M+109.8%
Net Income$105M-23.6%
EPS (Diluted)0.00-99.9%
Gross Margin18.93%-16.0%
EBITDA Margin3.58%-70.4%
Operating Margin1.61%-65.2%
Net Margin0.43%-89.2%
ROE3.61%-92.0%

THH Key Insights

TryHard Holdings Limited (THH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.3%

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 4 (bottom 4%)
✗Shares diluted 100.0% in last year
✗Thin 5Y average net margin of 1.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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THH Price & Volume

TryHard Holdings Limited (THH) stock price & volume — 10-year historical chart

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THH Growth Metrics

TryHard Holdings Limited (THH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years-

TTM-

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-

Return on Capital

10 Years4.65%

5 Years4.65%

3 Years4.65%

Last Year4.14%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
GAMBGambling.com Group LimitedDirect Competitor	82.83M	2.36	-2.54	30.09%	-27.44%	-37.13%	1.05
DKNGDraftKings Inc.Direct Competitor	13.08B	26.39	-3258.02	26.99%	0.93%	7.88%	3.06
PENNPENN Entertainment, Inc.Direct Competitor	2.84B	21.30	-3.65	5.82%	-12.11%	-34.66%	4.58
RSIRush Street Interactive, Inc.Direct Competitor	3.11B	29.09	207.79	22.76%	2.98%	12.91%	0.06
GENIGenius Sports LimitedDirect Competitor	1.57B	6.10	-13.86	31.04%	-22.27%	-22.2%	0.04
LNWLight & Wonder, Inc.Product Competitor	8.13B	97.97	26.62	9.86%	12.39%	55.19%	6.16
SRADSportradar Group AGSupply Chain	4.46B	15.06	43.62	11.97%	5.25%	7.31%	0.06
NTESNetEase, Inc.Supply Chain	77.46B	121.33	15.70	6.96%	29.84%	21.02%	0.04

Compare THH vs Peers

TryHard Holdings Limited (THH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GAMB

Most directly comparable listed peer for THH.

Scale Benchmark

vs NTES

Larger-name benchmark to compare THH against a more recognizable public peer.

Peer Set

Compare Top 5

vs GAMB, DKNG, PENN, RSI

THH Income Statement

TryHard Holdings Limited (THH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Jun'23	Jun'24	Jun'25
Sales/Revenue	3.01B	3.46B	24.57B
Revenue Growth %	-	14.93%	609.88%
Cost of Goods Sold	2.43B	2.68B	19.92B
COGS % of Revenue	80.68%	77.45%	81.07%
Gross Profit	581.8M▲ 0%	780.56M▲ 34.2%	4.65B▲ 496.0%
Gross Margin %	19.32%	22.55%	18.93%
Gross Profit Growth %	-	34.16%	496%
Operating Expenses	509.44M	620.29M	4.26B
OpEx % of Revenue	16.92%	17.92%	17.32%
Selling, General & Admin	482.24M	554.49M	5.17B
SG&A % of Revenue	16.01%	16.02%	21.03%
Research & Development	0	0	0
R&D % of Revenue	-	-	-
Other Operating Expenses	27.2M	65.8M	-910.21M
Operating Income	72.36M▲ 0%	160.27M▲ 121.5%	396.08M▲ 147.1%
Operating Margin %	2.4%	4.63%	1.61%
Operating Income Growth %	-	121.49%	147.13%
EBITDA	300.27M	419.57M	880.37M
EBITDA Margin %	9.97%	12.12%	3.58%
EBITDA Growth %	-	39.73%	109.83%
D&A (Non-Cash Add-back)	227.91M	259.3M	484.3M
EBIT	72.36M	253.21M	-622.47M
Net Interest Income	-21.14M	-21.61M	-151.23M
Interest Income	0	0	0
Interest Expense	21.14M	21.61M	146.78K
Other Income/Expense	-21.14M	71.33M	-54.31M
Pretax Income	51.22M▲ 0%	231.6M▲ 352.2%	341.77M▲ 47.6%
Pretax Margin %	1.7%	6.69%	1.39%
Income Tax	18.27M	94.19M	236.85M
Effective Tax Rate %	35.67%	40.67%	69.3%
Net Income	32.95M▲ 0%	137.41M▲ 317.0%	104.92M▼ 23.6%
Net Margin %	1.09%	3.97%	0.43%
Net Income Growth %	-	316.99%	-23.65%
Net Income (Continuing)	32.95M	137.41M	104.92M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)	0.66▲ 0%	2.75▲ 316.7%	0.00▼ 99.9%
EPS Growth %	-	316.67%	-99.92%
EPS (Basic)	0.66	2.75	0.00
Diluted Shares Outstanding	50.05M	50.05M	50.75B
Basic Shares Outstanding	50.05M	50.05M	50.75B
Dividend Payout Ratio	-	-	-

THH Balance Sheet

TryHard Holdings Limited (THH) balance sheet — assets, liabilities & shareholders' equity

Metric	Jun'23	Jun'24	Jun'25
Total Current Assets	686.9M	901.3M	8.7B
Cash & Short-Term Investments	69.47M	94.05M	135.51M
Cash Only	69.47M	94.05M	92.68M
Short-Term Investments	99.87M	0	42.84M
Accounts Receivable	561.24M	762.3M	8.24B
Days Sales Outstanding	68.02	80.39	122.41
Inventory	299K	289K	105.92M
Days Inventory Outstanding	0.04	0.04	1.94
Other Current Assets	0	0	41.65M
Total Non-Current Assets	2.57B	2.5B	16.81B
Property, Plant & Equipment	2.33B	2.2B	12.89B
Fixed Asset Turnover	1.29x	1.57x	1.91x
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	0	2.94M	117.35M
Other Non-Current Assets	223.53M	276.61M	3.81B
Total Assets	3.26B▲ 0%	3.41B▲ 4.5%	25.51B▲ 648.9%
Asset Turnover	0.92x	1.02x	0.96x
Asset Growth %	-	4.54%	648.9%
Total Current Liabilities	916.12M	983.05M	8.8B
Accounts Payable	235.34M	197.42M	1.88B
Days Payables Outstanding	35.35	26.88	34.49
Short-Term Debt	111.5M	146.08M	806.43M
Deferred Revenue (Current)	50.42M	253K	0
Other Current Liabilities	65.98M	69.73M	1.84B
Current Ratio	0.75x	0.92x	0.99x
Quick Ratio	0.75x	0.92x	0.98x
Cash Conversion Cycle	32.71	53.55	89.86
Total Non-Current Liabilities	2.12B	2.04B	11.28B
Long-Term Debt	777.94M	763.9M	5.32B
Capital Lease Obligations	1.25B	1.17B	5.22B
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	91.88M	99.14M	744.85M
Total Liabilities	3.04B	3.02B	20.08B
Total Debt	2.39B	2.33B	13.98B
Net Debt	2.32B	2.23B	13.89B
Debt / Equity	10.88x	6.01x	2.58x
Debt / EBITDA	7.95x	5.54x	15.88x
Net Debt / EBITDA	7.72x	5.32x	15.78x
Interest Coverage	3.42x	7.42x	2698.44x
Total Equity	219.4M▲ 0%	386.81M▲ 76.3%	5.42B▲ 1302.4%
Equity Growth %	-	76.3%	1302.35%
Book Value per Share	4.38	7.73	0.11
Total Shareholders' Equity	219.4M	386.81M	5.42B
Common Stock	157K	157K	1.09M
Retained Earnings	169.4M	306.81M	2.24B
Treasury Stock	0	0	0
Accumulated OCI	49.84M	79.84M	3.19B
Minority Interest	0	0	0

THH Cash Flow Statement

TryHard Holdings Limited (THH) cash flow — operating, investing & free cash flow history

Metric	Jun'23	Jun'24	Jun'25
Cash from Operations	313.34M	142.91M	-1.32M
Operating CF Margin %	10.4%	4.13%	-0.01%
Operating CF Growth %	-	-54.39%	-100.92%
Net Income	51.22M	231.6M	104.92M
Depreciation & Amortization	227.91M	259.3M	1.56B
Stock-Based Compensation	0	0	0
Deferred Taxes	0	0	0
Other Non-Cash Items	-41.27M	-125.36M	1.55B
Working Capital Changes	75.48M	-222.62M	-3.22B
Change in Receivables	116.79M	-187.36M	-2.75B
Change in Inventory	-117K	10K	-103.91M
Change in Payables	-25.46M	24.4M	923.03K
Cash from Investing	-15.92M	114.88M	2.01M
Capital Expenditures	-92.8M	-98.49M	-319.91M
CapEx % of Revenue	3.08%	2.85%	1.3%
Acquisitions	0	100M	0
Investments	-	-	-
Other Investing	76.32M	112.61M	321.93M
Cash from Financing	-280.92M	-233.2M	-1.23M
Debt Issued (Net)	-280.92M	-263.2M	-2.48B
Equity Issued (Net)	0	1000K	1000K
Dividends Paid	0	0	0
Share Repurchases	0	0	0
Other Financing	0	0	2.47B
Net Change in Cash	16.5M▲ 0%	24.59M▲ 49.1%	-492M▼ 2100.9%
Free Cash Flow	220.54M▲ 0%	44.43M▼ 79.9%	-1.69B▼ 3906.4%
FCF Margin %	7.32%	1.28%	-6.88%
FCF Growth %	-	-79.86%	-3906.43%
FCF per Share	4.41	0.89	-0.03
FCF Conversion (FCF/Net Income)	9.51x	1.04x	-0.01x
Interest Paid	0	0	152.5M
Taxes Paid	0	0	0

THH Key Ratios

TryHard Holdings Limited (THH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2022	2023	2024
Return on Equity (ROE)	15.02%	45.33%	3.61%
Return on Invested Capital (ROIC)	2.14%	4.66%	2.71%
Gross Margin	19.32%	22.55%	18.93%
Net Margin	1.09%	3.97%	0.43%
Debt / Equity	10.88x	6.01x	2.58x
Interest Coverage	3.42x	7.42x	2698.44x
FCF Conversion	9.51x	1.04x	-0.01x
Revenue Growth	-	14.93%	609.88%

THH Frequently Asked Questions

TryHard Holdings Limited (THH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

TryHard Holdings Limited (THH) reported $23.8M in revenue for fiscal year 2024. This represents a 99% decrease from $3.01B in 2022.

TryHard Holdings Limited (THH) grew revenue by 609.9% over the past year. This is strong growth.

Yes, TryHard Holdings Limited (THH) is profitable, generating $0.1M in net income for fiscal year 2024 (0.4% net margin).

Dividend & Returns

TryHard Holdings Limited (THH) has a return on equity (ROE) of 3.6%. This is below average, suggesting room for improvement.

TryHard Holdings Limited (THH) had negative free cash flow of $1.7M in fiscal year 2024, likely due to heavy capital investments.

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TryHard Holdings Limited(THH)Earnings, Financials & Key Ratios

THH•NASDAQ

9999.0× P/E·Price updated Jun 19, 2026

SectorIndustrials IndustryBusiness Services Sub-IndustryMarketing, Printing and Investor Communications

Revenue$24.57B+609.9%
EBITDA$880M+109.8%
Net Income$105M-23.6%
EPS (Diluted)0.00-99.9%
Gross Margin18.93%-16.0%
EBITDA Margin3.58%-70.4%
Operating Margin1.61%-65.2%
Net Margin0.43%-89.2%
ROE3.61%-92.0%