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TROOPS, Inc. (TROO) 10-Year Financial Performance & Capital Metrics

TROO • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms
AboutTROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans. It also develops, operates, and manages an online financial marketplace that connects financial institutions and users through its mobile application, which offers financial technology solutions, including application programming interface (API) services. In addition, the company provides SaaS and app development, project-based and API consulting, and maintenance and support services. Further, it invests in real properties; and offers property leasing and management services. The company was formerly known as SGOCO Group, Ltd. and changed its name to TROOPS, Inc. in November 2021. TROOPS, Inc. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.Show more
  • Revenue $10M +182.2%
  • EBITDA -$4M -1222.0%
  • Net Income -$13M -680.3%
  • EPS (Diluted) -0.13 -669.2%
  • Gross Margin 19.27% -11.4%
  • EBITDA Margin -34.97% -497.5%
  • Operating Margin -56.86% -12.6%
  • Net Margin -133.16% -176.5%
  • ROE -20.82% -643.7%
  • ROIC -7.13% -208.0%
  • Debt/Equity 0.00 +477.3%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 16.9% free cash flow margin
  • ✓Momentum leader: RS Rating 98 (top 2%)
  • ✓Strong 5Y sales CAGR of 12.8%

✗Weaknesses

  • ✗Low asset turnover indicates capital-intensive operations

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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-13.56%
5Y12.76%
3Y39.85%
TTM261%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-245.52%

EPS CAGR

10Y-
5Y-
3Y-
TTM-241.07%

ROCE

10Y Avg-10.96%
5Y Avg-15.76%
3Y Avg-3.85%
Latest-8.25%

Peer Comparison

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Sector-Specific
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INTUIntuit Inc.154.33B554.5840.5715.63%21.19%21.31%3.94%0.34
CCBCoastal Financial Corporation1.72B113.6934.9830.92%7.84%10.04%14.54%0.12
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SSNCSS&C Technologies Holdings, Inc.21B86.0528.686.89%13.86%12.2%6.32%1.09
TBBKThe Bancorp, Inc.3.09B70.3916.4116.11%30.63%29.28%7.2%0.16
CWANClearwater Analytics Holdings, Inc.6.98B24.1914.4022.72%61.25%19.6%0.99%0.07

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.92M5.07M51K1.58M5.53M4.29M3.68M3.88M3.57M10.07M
Revenue Growth %-0.96%1.64%-0.99%29.98%2.5%-0.22%-0.14%0.05%-0.08%1.82%
Cost of Goods Sold+1.83M4.87M1.34M2.63M4.12M5.36M3.32M3.05M2.79M8.13M
COGS % of Revenue0.95%0.96%26.33%1.67%0.75%1.25%0.9%0.79%0.78%0.81%
Gross Profit+95K202K-1.29M-1.05M1.41M-1.07M360K822K776K1.94M
Gross Margin %0.05%0.04%-25.33%-0.67%0.25%-0.25%0.1%0.21%0.22%0.19%
Gross Profit Growth %-0.95%1.13%-7.4%0.18%2.33%-1.76%1.34%1.28%-0.06%1.5%
Operating Expenses+1.63M4.17M3.57M2.55M3.57M64.3M4.22M1.36M2.58M7.67M
OpEx % of Revenue0.85%0.82%69.98%1.61%0.65%14.98%1.15%0.35%0.72%0.76%
Selling, General & Admin1.63M4.17M3.57M2.39M4.35M2.62M2.74M2.19M2.75M3.96M
SG&A % of Revenue0.85%0.82%69.98%1.51%0.79%0.61%0.75%0.56%0.77%0.39%
Research & Development74K000000000
R&D % of Revenue0.04%---------
Other Operating Expenses-1.05M02K-3K-780K61.68M1.48M-831K-176K3.71M
Operating Income+-1.53M-3.97M-11.87M-14.32M-2M-67.34M-3.86M-397K-1.8M-5.73M
Operating Margin %-0.8%-0.78%-232.67%-9.06%-0.36%-15.69%-1.05%-0.1%-0.5%-0.57%
Operating Income Growth %-0.14%-1.59%-1.99%-0.21%0.86%-32.65%0.94%0.9%-3.54%-2.18%
EBITDA+-1.53M-2.7M-10.46M-11.94M83K-62.54M-1.73M1.57M314K-3.52M
EBITDA Margin %-0.8%-0.53%-205.14%-7.55%0.02%-14.57%-0.47%0.41%0.09%-0.35%
EBITDA Growth %-0.15%-0.77%-2.87%-0.14%1.01%-754.51%0.97%1.91%-0.8%-12.22%
D&A (Non-Cash Add-back)3K1.26M1.4M2.38M2.08M4.8M2.13M1.97M2.12M2.21M
EBIT-2.36M-5.35M-9.14M-1.81M-533K-67.21M-8.44M-343K-1.8M-13.39M
Net Interest Income+163K106K121K-58K1K-1.02M-103K-57K-48K10K
Interest Income220K121K134K01K002K14K10K
Interest Expense57K15K13K58K01.02M103K59K62K0
Other Income/Expense-884K-1.39M-27K596K199K-890K266K134K-57K-7.66M
Pretax Income+-2.42M-5.36M-11.89M-13.86M-41.69M-68.23M-8.54M-402K-1.86M-13.39M
Pretax Margin %-1.26%-1.06%-233.2%-8.77%-7.55%-15.89%-2.32%-0.1%-0.52%-1.33%
Income Tax+0-315K-679K-311K-4.64M-309K-126K-56K-140K27K
Effective Tax Rate %1%0.94%0.94%0.89%0.89%1%0.99%0.86%0.92%1%
Net Income+-2.42M-5.05M-11.21M-12.37M-37.05M-67.92M-8.41M-346K-1.72M-13.41M
Net Margin %-1.26%-1%-219.88%-7.83%-6.71%-15.82%-2.28%-0.09%-0.48%-1.33%
Net Income Growth %-0.06%-1.09%-1.22%-0.1%-1.99%-0.83%0.88%0.96%-3.97%-6.8%
Net Income (Continuing)-2.42M-5.05M-8.8M-1.88M-943K-67.92M-8.41M-346K-1.72M-13.41M
Discontinued Operations000005K0000
Minority Interest00030.11M196K00000
EPS (Diluted)+-0.55-0.68-0.99-0.35-0.47-0.69-0.08-0.00-0.02-0.13
EPS Growth %-0.04%-0.24%-0.46%0.65%-0.34%-0.47%0.88%0.96%--6.69%
EPS (Basic)-0.55-0.68-0.99-0.35-0.47-0.69-0.08-0.00-0.02-0.13
Diluted Shares Outstanding4.4M7.42M11.34M35.08M79.2M98.11M101.56M101.6M101.6M102.24M
Basic Shares Outstanding4.4M7.42M11.29M35.08M79.2M98.11M101.56M101.6M101.6M102.24M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.18M6.61M5.71M76.55M47.23M25.65M6.21M11.54M10.67M19.55M
Cash & Short-Term Investments345K29K4.26M14.34M5.16M3.03M3.48M2.95M3.11M5.17M
Cash Only345K29K4.26M14.34M5.16M3.03M3.48M2.95M3.11M5.17M
Short-Term Investments0000000000
Accounts Receivable587K119K676K31.09M35.24M22.5M2.55M8.46M7.3M14.13M
Days Sales Outstanding111.538.574.84K7.18K2.33K1.91K253.01796.97746.67512.19
Inventory26K000779K00000
Days Inventory Outstanding5.2---69.03-----
Other Current Assets126K0792K61.83M6M16K10K12K15K0
Total Non-Current Assets+85.7M93.67M92.75M114.29M93.35M64.48M64.14M58.15M59.67M59.63M
Property, Plant & Equipment8K5K511K58.32M57.98M52.34M50.63M48.68M46.78M44.94M
Fixed Asset Turnover240.13x1013.80x0.10x0.03x0.10x0.08x0.07x0.08x0.08x0.22x
Goodwill036.5M49.98M20.8M3.91M5.11M385K385K385K12.35M
Intangible Assets025.29M42.26M22.58M2.38M446K61K42K29K1.37M
Long-Term Investments85.69M31.87M012.43M29.09M6.59M13.06M9.04M12.48M977K
Other Non-Current Assets031.87M0029.09M6.59M13.06M9.04M00
Total Assets+86.88M100.27M98.45M190.84M140.58M90.13M70.35M69.69M70.34M79.19M
Asset Turnover0.02x0.05x0.00x0.01x0.04x0.05x0.05x0.06x0.05x0.13x
Asset Growth %-0.06%0.15%-0.02%0.94%-0.26%-0.36%-0.22%-0.01%0.01%0.13%
Total Current Liabilities+9.05M7.27M3.39M10.04M6.49M7.45M2.19M2.19M4.72M5.92M
Accounts Payable46K222K235K01K02.55M8.46M01.63M
Days Payables Outstanding9.216.6563.87-0.09-280.421.01K-73.3
Short-Term Debt2.17M342K2.53M3.76M222K5.44M38K94K4K0
Deferred Revenue (Current)421K0113K1K1K0088K0446K
Other Current Liabilities6.26M6.51M593K6.01M6.09M251K5K03.91M547K
Current Ratio0.13x0.91x1.69x7.63x7.27x3.44x2.83x5.28x2.26x3.30x
Quick Ratio0.13x0.91x1.69x7.63x7.15x3.44x2.83x5.28x2.26x3.30x
Cash Conversion Cycle107.54---2.4K-----
Total Non-Current Liabilities+2.64M6.32M11.25M12.63M13.46M12.06M5.63M5.3M5.04M5.02M
Long-Term Debt000360K6.4M6.16M87K000
Capital Lease Obligations000029K39K04K04K
Deferred Tax Liabilities06.32M10.57M11.99M6.78M5.86M5.54M5.29M5.04M5.01M
Other Non-Current Liabilities0011.25M286K05.86M5.54M5.29M00
Total Liabilities9.05M13.59M14.64M22.67M19.95M19.5M7.82M7.48M9.77M10.94M
Total Debt+2.17M342K2.53M4.12M10.96M11.79M164K120K4K26K
Net Debt1.82M313K-1.74M-10.22M5.79M8.76M-3.32M-2.83M-3.11M-5.15M
Debt / Equity0.03x0.00x0.03x0.02x0.09x0.17x0.00x0.00x0.00x0.00x
Debt / EBITDA----131.99x--0.08x0.01x-
Net Debt / EBITDA----69.81x---1.80x-9.90x-
Interest Coverage-26.91x-264.53x-912.77x-246.86x--66.02x-37.50x-6.73x-29.06x-
Total Equity+77.84M86.68M83.81M168.17M120.63M70.63M62.52M62.2M60.58M68.25M
Equity Growth %-0.09%0.11%-0.03%1.01%-0.28%-0.41%-0.11%-0.01%-0.03%0.13%
Book Value per Share17.6911.687.394.791.520.720.620.610.600.67
Total Shareholders' Equity77.84M86.68M83.81M138.07M120.43M70.63M62.52M62.2M60.58M68.25M
Common Stock18K38K65K302K320K405K406K406K406K450K
Retained Earnings57.18M52.14M40.92M21.13M2.32M-65.12M-73.53M-73.88M-75.6M-89.01M
Treasury Stock0000000000
Accumulated OCI-5.27M-7.7M-7.33M-9K-10K-5K8K3K3K-5K
Minority Interest00030.11M196K00000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-762K-1.08M-7.98M-36.17M3.12M21.85M12.29M-368K-6.54M1.96M
Operating CF Margin %-0.4%-0.21%-156.41%-22.89%0.56%5.09%3.34%-0.09%-1.83%0.19%
Operating CF Growth %0.93%-0.42%-6.39%-3.53%1.09%6.02%-0.44%-1.03%-16.77%1.3%
Net Income-2.42M-5.05M-11.21M-13.55M-37.05M-67.92M-8.41M-346K-1.72M-13.41M
Depreciation & Amortization3K1.26M2.72M2.38M3.52M4.8M2.13M1.97M2.12M2.21M
Stock-Based Compensation239K1.57M741K534K600K680K261K000
Deferred Taxes3K-315K-679K-457K-5.17M-1.05M-314K-252K-250K-261K
Other Non-Cash Items1.15M1.74M7.16M10.19M38.7M63.87M6.17M-831K-180K11.4M
Working Capital Changes264K-286K-6.7M-35.28M2.53M21.47M12.45M-909K-6.5M2.02M
Change in Receivables676K-96K119K-12K-25K4K11.93M8K-2K2M
Change in Inventory-27K25K-6.92M1K000000
Change in Payables-556K186K-1K5K1K0000278K
Cash from Investing+464K-6.75M7.4M-10.4M-19.27M-27.42M-5.59M-156K4.78M492K
Capital Expenditures000-2.44M-697K-118K-402K-156K-221K-251K
CapEx % of Revenue---1.55%0.13%0.03%0.11%0.04%0.06%0.02%
Acquisitions----------
Investments----------
Other Investing89.77M-6.74M6.46M-2.44M-5.83M-247K005M0
Cash from Financing+596K7.52M4.81M56.15M6.96M3.43M-6.24M01.92M-384K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing596K221K3.37M175K754K00000
Net Change in Cash----------
Free Cash Flow+-762K-1.08M-7.98M-38.62M2.42M21.73M11.89M-524K-6.76M1.7M
FCF Margin %-0.4%-0.21%-156.41%-24.44%0.44%5.06%3.23%-0.14%-1.89%0.17%
FCF Growth %0.93%-0.42%-6.39%-3.84%1.06%7.99%-0.45%-1.04%-11.9%1.25%
FCF per Share-0.17-0.15-0.70-1.100.030.220.12-0.01-0.070.02
FCF Conversion (FCF/Net Income)0.32x0.21x0.71x2.92x-0.08x-0.32x-1.46x1.06x3.80x-0.15x
Interest Paid0000106K206K3K062K0
Taxes Paid006.41M0130K1.16M342K0318K35K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-2.97%-6.14%-13.15%-9.82%-25.66%-71.03%-12.64%-0.55%-2.8%-20.82%
Return on Invested Capital (ROIC)-1.4%-3.57%-10.53%-8.95%-1.06%-49.08%-4.18%-0.5%-2.31%-7.13%
Gross Margin4.95%3.98%-2533.33%-66.77%25.45%-24.83%9.77%21.21%21.74%19.27%
Net Margin-125.87%-99.57%-21988.24%-783.04%-670.62%-1582.18%-228.43%-8.93%-48.16%-133.16%
Debt / Equity0.03x0.00x0.03x0.02x0.09x0.17x0.00x0.00x0.00x0.00x
Interest Coverage-26.91x-264.53x-912.77x-246.86x--66.02x-37.50x-6.73x-29.06x-
FCF Conversion0.32x0.21x0.71x2.92x-0.08x-0.32x-1.46x1.06x3.80x-0.15x
Revenue Growth-95.56%163.87%-98.99%2998.04%249.68%-22.3%-14.21%5.21%-7.9%182.24%

Revenue by Segment

2014201620172018201920202021202220232024
Interest On Loans---980K3.93M1.67M1.67M2.45M2.31M3.31M
Interest On Loans Growth----301.02%-57.58%0.36%46.50%-5.63%43.02%
Technology Service---------151K
Technology Service Growth----------
Financial technology solution and services-------318K187K-
Financial technology solution and services Growth---------41.19%-
Financial technology solution and services (Member)------942K---
Financial technology solution and services (Member) Growth----------
Financial Technology Solution And Services-----1.5M----
Financial Technology Solution And Services Growth----------
Provision Of Energy Saving Services----402K-----
Provision Of Energy Saving Services Growth----------
Product Sale---10K8K-----
Product Sale Growth-----20.00%-----
LCDLED Product-5.07M42K-------
LCDLED Product Growth---99.17%-------
Green Energy Product Services-2K9K-------
Green Energy Product Services Growth--350.00%-------

Revenue by Geography

2014201620172018201920202021202220232024
Hong Kong------3.49M3.6M3.44M10.05M
Hong Kong Growth-------3.10%-4.31%191.89%
CHINA41.32M--------26K
CHINA Growth----------
Australia------194K278K127K-
Australia Growth-------43.30%-54.32%-
H----5.53M4.24M----
H Growth------23.35%----
C----------
C Growth----------
HONG KONG-4.32M9K1.58M------
HONG KONG Growth---99.79%17455.56%------
China-751K42K-------
China Growth---94.41%-------
International1.91M---------
International Growth----------

Frequently Asked Questions

Growth & Financials

TROOPS, Inc. (TROO) reported $13.6M in revenue for fiscal year 2024. This represents a 96% decrease from $313.1M in 2011.

TROOPS, Inc. (TROO) grew revenue by 182.2% over the past year. This is strong growth.

TROOPS, Inc. (TROO) reported a net loss of $15.1M for fiscal year 2024.

Dividend & Returns

TROOPS, Inc. (TROO) has a return on equity (ROE) of -20.8%. Negative ROE indicates the company is unprofitable.

TROOPS, Inc. (TROO) generated $1.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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