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NASDAQ · Consumer discretionary

Top KingWin Ltd (DPU)

Top KingWin Ltd reported revenue of $8M in fiscal 2025, up 79.6% from a year earlier. It posted a net loss of $24M. In fiscal 2025 capital spending exceeded operating cash flow by $1.3M. At December 31, 2025 it held $13.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 8, 2026.

Price
$1.57
-5.99% on the day · September 25, 2026
52-week range $1.54 to $4.75
Market cap
$5.4M
Revenue (FY2025)
$8M
+79.6% year on year
Net margin
-298.8%

What Top KingWin Ltd does

Top KingWin Ltd is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker DPU.

Revenue and profit by year

Revenue
FY20: $1.3M $1.3M FY20FY22: $6.3M $6.3M FY22FY22: $3.1M $3.1M FY22FY23: $5.5M $5.5M FY23FY24: $4.5M $4.5M FY24FY25: $8M $8M FY25
Net income
FY20: $340K $340K FY20FY22: $2.3M $2.3M FY22FY22: -$771.5K -$771.5K FY22FY23: -$2.5M -$2.5M FY23FY24: -$8.7M -$8.7M FY24FY25: -$24M -$24M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$8M-$24.2M-$24M-$26.92-$1.3M
2024$4.5M-$7.1M-$8.7M-$41.37-$39.4M
2023$5.5M-$2.5M-$2.5M-$114.16-$1.7M
2022$3.1M-$919.8K-$771.5K-$38.05-$1.4M
2022$6.3M$3M$2.3M$120.50$3.6M
2020$1.3M$379.9K$340K$19.03$54.6K

Full financial statements: income, balance sheet and cash flow

Where DPU ranks in Consumer discretionary

Revenue$8M
#885 of 955 in Consumer discretionary · Bottom 7%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Top KingWin Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 3, 2026
  2. August 19, 2026
  3. August 4, 2026
  4. July 24, 2026
  5. July 17, 2026
  6. June 25, 2026
  7. May 22, 2026
  8. April 24, 2026
  9. April 8, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 80% to $8M versus the prior year; diluted EPS -$26.92 versus -$41.37.
  10. January 23, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 18, 2026. Insider transactions on SEC

Insider trades

What the people running Top KingWin Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
May 8, 2026 Liao ZhanlinDirector Received as pay 27,027 $2.22 $60K Form 4
May 8, 2026 Mao DongliangExecutive Director, Director Received as pay 13,514 $2.22 $30K Form 4
May 8, 2026 Yang Jie (JIEYANG)Chief Financial Officer Received as pay 27,027 $2.22 $60K Form 4
May 8, 2026 Li YannaDirector Received as pay 21,622 $2.22 $48K Form 4
May 8, 2026 Li YibingDirector Received as pay 27,027 $2.22 $60K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns DPU

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

We have not read this company's Schedule 13D and 13G filings yet.

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

5 insiders reported holding 191,901 shares in total, about $301.3K at the last price.

HolderSharesAs of
Liao ZhanlinDirector 44,628 May 8, 2026
Li YibingDirector 44,628 May 8, 2026
Yang Jie (JIEYANG)Chief Financial Officer 44,628 May 8, 2026
Li YannaDirector 35,702 May 8, 2026
Mao DongliangExecutive Director, Director 22,315 May 8, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about DPU

What does Top KingWin Ltd do?

Top KingWin Ltd is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker DPU.

Is Top KingWin Ltd profitable?

No. In fiscal 2025 it reported a net loss of $24M on revenue of $8M.

How much revenue does Top KingWin Ltd make?

In fiscal 2025 Top KingWin Ltd reported revenue of $8M. That is 79.6% more than a year earlier.

When did Top KingWin Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 8, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 3, 2026.

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Where the numbers come from

Financial figures are the values Top KingWin Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.