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TROO logoTROOPS, Inc.(TROO)Earnings, Financials & Key Ratios

TROO•NASDAQ
$4.18
$452M mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryFinancial services and insurance software
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$17M+69.7%
  • EBITDA-$14M-291.6%
  • Net Income-$28M-108.0%
  • EPS (Diluted)-0.23-76.9%
  • Gross Margin-3.33%-117.3%
  • EBITDA Margin-80.7%-130.7%
  • Operating Margin-94.12%-65.5%
  • Net Margin-163.23%-22.6%
  • ROE-47.59%-128.5%
  • ROIC-22.32%-213.3%
  • Debt/Equity0.00-78.5%
Technical→

TROO Key Insights

TROOPS, Inc. (TROO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y profit CAGR of 16.3%
  • ✓Momentum leader: RS Rating 97 (top 3%)
  • ✓Strong 5Y sales CAGR of 31.8%

✗Weaknesses

  • ✗Shares diluted 18.1% in last year
  • ✗Expensive at 10.3x book value
  • ✗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.

TROO Price & Volume

TROOPS, Inc. (TROO) stock price & volume — 10-year historical chart

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TROO Growth Metrics

TROOPS, Inc. (TROO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years24.43%
5 Years31.83%
3 Years64.01%
TTM261%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-245.52%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-241.07%

Return on Capital

10 Years-13.33%
5 Years-8.45%
3 Years-12.18%
Last Year-25.59%

TROO Recent Earnings

TROOPS, Inc. (TROO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q2 2026Latest
Apr 29, 2026
EPS
$0.22
Revenue
$9M
Q2 2025
May 5, 2025
EPS
$0.12
Revenue
$7M
Q4 2024
Nov 19, 2024
EPS
$0.01
Revenue
$3M
Q2 2024
Apr 29, 2024
EPS
$0.01
Revenue
$2M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.22
$9M
Q2 2025May 5, 2025
$0.12
$7M
Q4 2024Nov 19, 2024
$0.01
$3M
Q2 2024Apr 29, 2024
$0.01
$2M
Based on last 12 quarters of dataView full earnings history →

TROO Peer Comparison

TROOPS, Inc. (TROO) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MNDY logoMNDYmonday.com Ltd.Direct Competitor3.81B73.9733.0226.75%9.64%9.52%0.25
CRM logoCRMSalesforce, Inc.Direct Competitor174.3B181.1923.239.58%17.96%12.61%0.11
FIVN logoFIVNFive9, Inc.Direct Competitor1.68B21.9147.6310.28%4.87%7.37%1.08
NICE logoNICENICE Ltd.Direct Competitor5.85B96.8510.027.68%20.78%16.36%0.04
ZM logoZMZoom Communications, Inc.Product Competitor32.31B105.1317.014.36%39.03%19.37%0.00
RNG logoRNGRingCentral, Inc.Product Competitor4.09B45.7295.254.78%1.73%
TWLO logoTWLOTwilio Inc.Product Competitor29B191.40911.4313.66%1.96%1.32%0.14
MSFT logoMSFTMicrosoft CorporationSupply Chain3.07T413.8730.3414.93%39.34%33.13%0.33

Compare TROO vs Peers

TROOPS, Inc. (TROO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MNDY

Most directly comparable listed peer for TROO.

Scale Benchmark

vs GOOGL

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

Peer Set

Compare Top 5

vs MNDY, CRM, FIVN, NICE

TROO Income Statement

TROOPS, Inc. (TROO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue51K1.58M5.53M4.29M3.68M3.88M3.57M10.07M17.1M13.64M
Revenue Growth %-98.99%2998.04%249.68%-22.3%-14.21%5.21%-7.9%182.24%69.72%261%
Cost of Goods Sold1.34M2.63M4.12M5.36M3.32M3.05M2.79M8.13M17.66M10.88M
COGS % of Revenue2633.33%166.77%74.55%124.83%90.23%78.79%78.26%80.73%103.33%-
Gross Profit
-1.29M▲ 0%
-1.05M▲ 18.3%
1.41M▲ 233.3%
-1.07M▼ 175.8%
360K▲ 133.8%
822K▲ 128.3%
776K▼ 5.6%
1.94M▲ 150.1%
-569K▼ 129.3%
2.77M▲ 0%
Gross Margin %-2533.33%-66.77%25.45%-24.83%9.77%21.21%21.74%19.27%-3.33%20.28%
Gross Profit Growth %-739.6%18.34%233.27%-175.82%133.77%128.33%-5.6%150.13%-129.31%-
Operating Expenses3.57M2.55M3.57M64.3M4.22M1.36M2.58M7.67M15.52M10.3M
OpEx % of Revenue6998.04%161.27%64.62%1497.69%114.66%35.05%72.23%76.13%90.79%-
Selling, General & Admin3.57M2.39M4.35M2.62M2.74M2.19M2.75M3.96M15.52M6.58M
SG&A % of Revenue6998.04%151.33%78.73%60.96%74.5%56.49%77.16%39.27%90.79%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses2K-3K-780K61.68M1.48M-831K-176K3.71M01000K
Operating Income
-11.87M▲ 0%
-14.32M▼ 20.7%
-2M▲ 86.0%
-67.34M▼ 3265.4%
-3.86M▲ 94.3%
-397K▲ 89.7%
-1.8M▼ 353.9%
-5.73M▼ 217.9%
-16.09M▼ 180.9%
-7.53M▲ 0%
Operating Margin %-23266.67%-906.2%-36.22%-1568.65%-104.89%-10.25%-50.49%-56.86%-94.12%-55.2%
Operating Income Growth %-199.04%-20.66%86.02%-3265.42%94.26%89.72%-353.9%-217.87%-180.9%-
EBITDA-10.46M-11.94M83K-62.54M-1.73M1.57M314K-3.52M-13.8M-3.32M
EBITDA Margin %-20513.73%-755.38%1.5%-1456.81%-46.95%40.59%8.8%-34.97%-80.7%-24.33%
EBITDA Growth %-286.91%-14.08%100.7%-75450.6%97.24%190.98%-80.04%-1221.97%-291.6%-83062.5%
D&A (Non-Cash Add-back)1.4M2.38M2.08M4.8M2.13M1.97M2.12M2.21M2.29M4.21M
EBIT-9.14M-1.81M-533K-67.21M-8.44M-343K-1.8M-13.39M-16.09M-15.19M
Net Interest Income121K-58K1K-1.02M-103K-57K-48K10K62K11K
Interest Income134K01K002K14K10K62K45.5K
Interest Expense13K58K01.02M103K59K62K000
Other Income/Expense-27K596K199K-890K266K134K-57K-7.66M-13.32M-7.71M
Pretax Income
-11.89M▲ 0%
-13.86M▼ 16.6%
-41.69M▼ 200.8%
-68.23M▼ 63.7%
-8.54M▲ 87.5%
-402K▲ 95.3%
-1.86M▼ 362.4%
-13.39M▼ 620.1%
-29.41M▼ 119.7%
-15.24M▲ 0%
Pretax Margin %-23319.61%-877.34%-754.61%-1589.38%-231.85%-10.37%-52.09%-132.89%-172.01%-111.75%
Income Tax-679K-311K-4.64M-309K-126K-56K-140K27K-1.5M-113K
Effective Tax Rate %5.71%2.24%11.13%0.45%1.48%13.93%7.53%-0.2%5.11%0.74%
Net Income
-11.21M▲ 0%
-12.37M▼ 10.3%
-37.05M▼ 199.5%
-67.92M▼ 83.3%
-8.41M▲ 87.6%
-346K▲ 95.9%
-1.72M▼ 396.8%
-13.41M▼ 680.3%
-27.91M▼ 108.0%
-15.13M▲ 0%
Net Margin %-21988.24%-783.04%-670.62%-1582.18%-228.43%-8.93%-48.16%-133.16%-163.23%-110.92%
Net Income Growth %-122.19%-10.33%-199.48%-83.32%87.61%95.89%-396.82%-680.28%-108.04%-245.52%
Net Income (Continuing)-8.8M-1.88M-943K-67.92M-8.41M-346K-1.72M-13.41M-27.91M-15.13M
Discontinued Operations0005K000000
Minority Interest030.11M196K0000000
EPS (Diluted)
-0.99▲ 0%
-0.35▲ 64.6%
-0.47▼ 34.3%
-0.69▼ 46.8%
-0.08▲ 88.0%
-0.00▲ 95.9%
-0.02▼ 397.1%
-0.13▼ 669.2%
-0.23▼ 76.9%
-0.15▲ 0%
EPS Growth %-45.59%64.65%-34.29%-46.81%88%95.89%--669.23%-76.92%-241.07%
EPS (Basic)-0.99-0.35-0.47-0.69-0.08-0.00-0.02-0.13-0.23-
Diluted Shares Outstanding11.34M35.08M79.2M98.11M101.56M101.6M101.6M102.24M120.71M102.24M
Basic Shares Outstanding11.29M35.08M79.2M98.11M101.56M101.6M101.6M102.24M120.71M102.24M
Dividend Payout Ratio----------

TROO Balance Sheet

TROOPS, Inc. (TROO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets5.71M76.55M47.23M25.65M6.21M11.54M10.67M19.55M15.28M19.55M
Cash & Short-Term Investments4.26M14.34M5.16M3.03M3.48M2.95M3.11M5.17M4.02M5.17M
Cash Only4.26M14.34M5.16M3.03M3.48M2.95M3.11M5.17M4.02M5.17M
Short-Term Investments0000000000
Accounts Receivable676K31.09M35.24M22.5M2.55M8.46M7.3M14.13M7.29M14.13M
Days Sales Outstanding4.84K7.18K2.33K1.91K253.01796.97746.67512.19155.73147.72
Inventory00779K0000000
Days Inventory Outstanding--69.03-------
Other Current Assets792K61.83M6M16K10K12K15K03.34M0
Total Non-Current Assets92.75M114.29M93.35M64.48M64.14M58.15M59.67M59.63M53.79M59.63M
Property, Plant & Equipment511K58.32M57.98M52.34M50.63M48.68M46.78M44.94M29.41M44.94M
Fixed Asset Turnover0.10x0.03x0.10x0.08x0.07x0.08x0.08x0.22x0.58x0.29x
Goodwill49.98M20.8M3.91M5.11M385K385K385K12.35M12.35M12.35M
Intangible Assets42.26M22.58M2.38M446K61K42K29K1.37M1.24M1.37M
Long-Term Investments012.43M29.09M6.59M13.06M9.04M12.48M977K10.79M11.58M
Other Non-Current Assets0029.09M6.59M13.06M9.04M00023.58M
Total Assets
98.45M▲ 0%
190.84M▲ 93.8%
140.58M▼ 26.3%
90.13M▼ 35.9%
70.35M▼ 22.0%
69.69M▼ 0.9%
70.34M▲ 0.9%
79.19M▲ 12.6%
69.07M▼ 12.8%
79.19M▲ 0%
Asset Turnover0.00x0.01x0.04x0.05x0.05x0.06x0.05x0.13x0.25x0.18x
Asset Growth %-1.81%93.84%-26.34%-35.89%-21.95%-0.94%0.95%12.57%-12.78%32.2%
Total Current Liabilities3.39M10.04M6.49M7.45M2.19M2.19M4.72M5.92M16.6M5.92M
Accounts Payable235K01K02.55M8.46M01.63M1.23M1.63M
Days Payables Outstanding63.87-0.09-280.421.01K-73.325.3123.79
Short-Term Debt2.53M3.76M222K5.44M38K94K4K04K0
Deferred Revenue (Current)113K1K1K0088K0446K522K481K
Other Current Liabilities593K6.01M6.09M251K5K03.91M547K14.31M547K
Current Ratio1.69x7.63x7.27x3.44x2.83x5.28x2.26x3.30x0.92x0.92x
Quick Ratio1.69x7.63x7.15x3.44x2.83x5.28x2.26x3.30x0.92x0.92x
Cash Conversion Cycle--2.4K------123.93
Total Non-Current Liabilities11.25M12.63M13.46M12.06M5.63M5.3M5.04M5.02M3.44M5.02M
Long-Term Debt0360K6.4M6.16M87K00000
Capital Lease Obligations0029K39K04K04K019K
Deferred Tax Liabilities10.57M11.99M05.86M5.54M5.29M5.04M5.01M3.44M20.38M
Other Non-Current Liabilities11.25M286K7.03M5.86M5.54M5.29M0000
Total Liabilities14.64M22.67M19.95M19.5M7.82M7.48M9.77M10.94M20.04M10.94M
Total Debt2.53M4.12M10.96M11.79M164K120K4K26K4K26K
Net Debt-1.74M-10.22M5.79M8.76M-3.32M-2.83M-3.11M-5.15M-4.01M-5.15M
Debt / Equity0.03x0.02x0.09x0.17x0.00x0.00x0.00x0.00x0.00x0.00x
Debt / EBITDA--131.99x--0.08x0.01x---0.01x
Net Debt / EBITDA--69.81x---1.80x-9.90x--1.55x
Interest Coverage-703.08x-31.16x--65.89x-81.90x-5.81x-28.98x---
Total Equity
83.81M▲ 0%
168.17M▲ 100.6%
120.63M▼ 28.3%
70.63M▼ 41.4%
62.52M▼ 11.5%
62.2M▼ 0.5%
60.58M▼ 2.6%
68.25M▲ 12.7%
49.02M▼ 28.2%
68.25M▲ 0%
Equity Growth %-3.3%100.65%-28.27%-41.45%-11.47%-0.51%-2.61%12.66%-28.17%6.52%
Book Value per Share7.394.791.520.720.620.610.600.670.410.67
Total Shareholders' Equity83.81M138.07M120.43M70.63M62.52M62.2M60.58M68.25M49.02M68.25M
Common Stock65K302K320K405K406K406K406K450K488K450K
Retained Earnings40.92M21.13M2.32M-65.12M-73.53M-73.88M-75.6M-89.01M-116.92M-89.01M
Treasury Stock0000000000
Accumulated OCI-7.33M-9K-10K-5K8K3K3K-5K-10K-5K
Minority Interest030.11M196K0000000

TROO Cash Flow Statement

TROOPS, Inc. (TROO) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-7.98M-36.17M3.12M21.85M12.29M-368K-6.54M1.96M807K807K
Operating CF Margin %-15641.18%-2289.49%56.38%509.04%333.72%-9.5%-183.19%19.41%4.72%-
Operating CF Growth %-639.3%-353.48%108.61%601.54%-43.76%-102.99%-1676.63%129.9%-58.72%0%
Net Income-11.21M-13.55M-37.05M-67.92M-8.41M-346K-1.72M-13.41M-27.91M-15.13M
Depreciation & Amortization2.72M2.38M3.52M4.8M2.13M1.97M2.12M2.21M2.29M0
Stock-Based Compensation741K534K600K680K261K00000
Deferred Taxes-679K-457K-5.17M-1.05M-314K-252K-250K-261K-1.57M0
Other Non-Cash Items7.16M10.19M38.7M63.87M6.17M-831K-180K11.4M13.03M15.13M
Working Capital Changes-6.7M-35.28M2.53M21.47M12.45M-909K-6.5M2.02M14.96M0
Change in Receivables119K-12K-25K4K11.93M8K-2K2M6.4M0
Change in Inventory-6.92M1K00000000
Change in Payables-1K5K1K0000278K-408K0
Cash from Investing7.4M-10.4M-19.27M-27.42M-5.59M-156K4.78M492K-9.11M0
Capital Expenditures0-2.44M-697K-118K-402K-156K-221K-251K-117K0
CapEx % of Revenue-154.56%12.62%2.75%10.91%4.03%6.19%2.49%0.68%-
Acquisitions943K-7.96M-12.73M-27.05M-5.19M00743K00
Investments----------
Other Investing6.46M-2.44M-5.83M-247K005M000
Cash from Financing4.81M56.15M6.96M3.43M-6.24M01.92M-384K7.15M0
Debt Issued (Net)1.95M5.98M6.21M-169K-6.24M01.92M-384K-1.54M0
Equity Issued (Net)049.99M03.6M00008.69M0
Dividends Paid0000000000
Share Repurchases00000000-3.96M0
Other Financing3.37M175K754K0000000
Net Change in Cash
4.23M▲ 0%
9.57M▲ 126.1%
-9.19M▼ 196.0%
-2.13M▲ 76.8%
452K▲ 121.2%
-530K▼ 217.3%
163K▲ 130.8%
2.06M▲ 1163.8%
-1.15M▼ 156.0%
0▲ 0%
Free Cash Flow
-7.98M▲ 0%
-38.62M▼ 384.1%
2.42M▲ 106.3%
21.73M▲ 798.9%
11.89M▼ 45.3%
-524K▼ 104.4%
-6.76M▼ 1189.9%
1.7M▲ 125.2%
690K▼ 59.5%
0▲ 0%
FCF Margin %-15641.18%-2444.05%43.76%506.29%322.81%-13.52%-189.38%16.92%4.04%-
FCF Growth %-639.3%-384.09%106.26%798.88%-45.3%-104.41%-1189.89%125.21%-59.51%-100%
FCF per Share-0.70-1.100.030.220.12-0.01-0.070.020.010.01
FCF Conversion (FCF/Net Income)0.71x2.92x-0.08x-0.32x-1.46x1.06x3.80x-0.15x-0.03x-0.00x
Interest Paid00106K206K3K062K000
Taxes Paid6.41M0130K1.16M342K0318K35K00

TROO Key Ratios

TROOPS, Inc. (TROO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)-13.15%-9.82%-25.66%-71.03%-12.64%-0.55%-2.8%-20.82%-47.59%-24.29%
Return on Invested Capital (ROIC)-10.53%-8.95%-1.06%-49.08%-4.18%-0.5%-2.31%-7.13%-22.32%-22.32%
Gross Margin-2533.33%-66.77%25.45%-24.83%9.77%21.21%21.74%19.27%-3.33%20.28%
Net Margin-21988.24%-783.04%-670.62%-1582.18%-228.43%-8.93%-48.16%-133.16%-163.23%-110.92%
Debt / Equity0.03x0.02x0.09x0.17x0.00x0.00x0.00x0.00x0.00x0.00x
Interest Coverage-703.08x-31.16x--65.89x-81.90x-5.81x-28.98x---
FCF Conversion0.71x2.92x-0.08x-0.32x-1.46x1.06x3.80x-0.15x-0.03x-0.00x
Revenue Growth-98.99%2998.04%249.68%-22.3%-14.21%5.21%-7.9%182.24%69.72%261%

TROO Frequently Asked Questions

TROOPS, Inc. (TROO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

TROOPS, Inc. (TROO) reported $13.6M in revenue for fiscal year 2025.

TROOPS, Inc. (TROO) grew revenue by 69.7% over the past year. This is strong growth.

TROOPS, Inc. (TROO) reported a net loss of $15.1M for fiscal year 2025.

Dividend & Returns

TROOPS, Inc. (TROO) has a return on equity (ROE) of -47.6%. Negative ROE indicates the company is unprofitable.

TROOPS, Inc. (TROO) generated $0.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More TROO

TROOPS, Inc. (TROO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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