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NASDAQ · Finance

Troops, Inc. /Cayman Islands/ (TROO)

Troops, Inc. /Cayman Islands/ reported revenue of $17.1M in fiscal 2025, up 69.7% from a year earlier. It posted a net loss of $27.9M. Operating cash flow minus capital spending left $690K of free cash flow in fiscal 2025. At December 31, 2025 it held $4M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 30, 2026.

Price
$1.77
-1.67% on the day · September 25, 2026
52-week range $1.02 to $5.28
Market cap
$216.2M
Revenue (FY2025)
$17.1M
+69.7% year on year
Net margin
-163.2%

What Troops, Inc. /Cayman Islands/ does

Troops, Inc. /Cayman Islands/ is registered with the SEC under industry code SIC 6159 (Miscellaneous Business Credit Institution). Its shares trade on NASDAQ under the ticker TROO.

Revenue and profit by year

Revenue
FY18: $1.6M $1.6M FY18FY19: $5.1M $5.1M FY19FY20: $4.3M $4.3M FY20FY21: $3.7M $3.7M FY21FY22: $3.9M $3.9M FY22FY23: $3.6M $3.6M FY23FY24: $10.1M $10.1M FY24FY25: $17.1M $17.1M FY25
Net income
FY18: -$12.4M -$12.4M FY18FY19: -$19.4M -$19.4M FY19FY20: -$67.9M -$67.9M FY20FY21: -$8.4M -$8.4M FY21FY22: -$346K -$346K FY22FY23: -$1.7M -$1.7M FY23FY24: -$13.4M -$13.4M FY24FY25: -$27.9M -$27.9M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$17.1M-$29.5M-$27.9M-$0.23$690K
2024$10.1M-$5.7M-$13.4M-$0.13$1.7M
2023$3.6M-$1.8M-$1.7M-$0.02-$6.8M
2022$3.9M-$536K-$346K-$0.01-$524K
2021$3.7M-$8.8M-$8.4M-$0.08$11.9M
2020$4.3M-$67.3M-$67.9M-$0.69$21.7M

Where TROO ranks in Finance

Revenue$17.1M
#393 of 444 in Finance · Bottom 12%
Revenue growth+69.7%
#26 of 415 in Finance · Top 6%
Net margin-163.2%
#398 of 418 in Finance · Bottom 5%
Free cash flow margin4.0%
#210 of 304 in Finance · Bottom 31%

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. Finance

Latest SEC filings

What Troops, Inc. /Cayman Islands/ has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 24, 2026
  2. September 24, 2026
  3. September 18, 2026
  4. April 30, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  5. March 27, 2026
  6. March 27, 2026
  7. January 20, 2026
  8. January 9, 2026
  9. December 23, 2025
  10. December 11, 2025

Recent insider filings (Forms 3, 4 and 144): 8, the latest on September 4, 2009. Insider transactions on SEC

Insider trades

What the people running Troops, Inc. /Cayman Islands/ 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

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

All filings on SEC EDGAR

Questions about TROO

What does Troops, Inc. /Cayman Islands/ do?

Troops, Inc. /Cayman Islands/ is registered with the SEC under industry code SIC 6159 (Miscellaneous Business Credit Institution). Its shares trade on NASDAQ under the ticker TROO.

Is Troops, Inc. /Cayman Islands/ profitable?

No. In fiscal 2025 it reported a net loss of $27.9M on revenue of $17.1M.

How much revenue does Troops, Inc. /Cayman Islands/ make?

In fiscal 2025 Troops, Inc. /Cayman Islands/ reported revenue of $17.1M. That is 69.7% more than a year earlier.

When did Troops, Inc. /Cayman Islands/ last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 30, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the activist stake (5% or more) from September 24, 2026.

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Where the numbers come from

Financial figures are the values Troops, Inc. /Cayman Islands/ 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.