Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Top Wealth Group Holding Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
0.02
8.51
16.9
4.75
9.13
Cost of revenue
0
4.31
11.6
2.24
2.32
Gross profit
0.02
4.2
5.39
2.51
6.81
Selling and marketing
1.42
General and administrative
0.02
0.47
1.85
1.6
1.21
Pre-tax income
-0.02
2.28
3.05
-2.02
3.19
Income tax
-0.01
0.36
0.61
Net income
-0.01
1.92
2.44
-2.02
3.19
EPS, basic
-0.09
6.41
8.13
-5.31
4.35
EPS, diluted
-0.09
6.41
8.13
-5.31
3.87
Shares, basic (weighted)
0.3
0.3
0.3
0.38
0.73
Shares, diluted (weighted)
0.3
0.3
0.3
0.38
0.82
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
0
0.22
0.13
0.04
2.39
Receivables
0.03
5.97
1.56
9.25
Inventory
2.07
0.15
3.55
Other current assets
0.27
1.57
1.13
Total current assets
2.98
7.13
3.78
17.4
Property, plant and equipment
0.37
0.13
0.07
0.07
Lease right-of-use assets
0.07
0.04
0.09
Total assets
3.43
7.35
19.8
29.4
Accounts payable
0.2
0.47
Short-term debt
0.78
0.15
Total current liabilities
0.9
2.4
1.16
1.64
Lease liabilities
0.02
0.04
Total liabilities
0.92
2.4
1.16
1.67
Paid-in capital
0.64
0.64
16.3
22.3
Retained earnings
1.87
4.31
2.29
5.48
Shareholders' equity
-0.05
2.51
4.95
18.6
27.8
Total equity
-0.05
2.51
4.95
18.6
27.8
Total liabilities and equity
3.43
7.35
19.8
29.4
Shares outstanding
0.3
27
56
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-0.01
1.92
2.44
-2.02
3.19
Depreciation and amortization
0
0.17
0.23
0.06
Stock-based compensation
1.66
Deferred income tax
-0.01
-0.01
-0.03
Change in receivables
-0
-0.04
-5.93
4.41
-7.69
Change in inventory
-0.25
-1.82
1.92
-1.35
-3.55
Change in payables
0.2
-0.2
0.47
Cash from operations
0.06
0.12
-0.86
0.89
-6.19
Capital expenditures
-0.06
-0.48
Cash from investing
-0.06
-0.48
-15.9
4.1
Stock issued
0.58
Cash from financing
0
0.58
0.78
14.9
4.44
Net change in cash
0
0.22
-0.08
-0.09
2.34
Free cash flow
0
-0.36
Income taxes paid
0.02
0.18
0.17
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.16 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
74.6%
Gross profit / revenue.
Pre-tax margin
34.9%
Pre-tax income / revenue.
Net margin
34.9%
Net income / revenue.
Operating cash flow margin
-67.8%
Cash from operations / revenue.
Return on equity (ROE)
13.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
13.0%
Net income / average total assets.
Stock-based pay / revenue
18.2%
Stock-based compensation (from the cash flow statement) / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
92.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
2.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
171.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
17.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 3y
18.5%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y
-15.5%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-797.9%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
49.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
122.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
48.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
104.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
116.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
40.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
10.7x
Current assets / current liabilities.
Quick ratio
7.11x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.46x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
$3.87
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$4.35
Net income per basic share, as reported (split-adjusted).
Revenue per share
$11.08
Revenue / diluted weighted shares.
Operating cash flow per share
-$7.52
Cash from operations / diluted weighted shares.
Book value per share
$33.70
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
3.23x
Market cap / net income. Only when net income is positive.
P/S
1.13x
Market cap / revenue.
P/B
0.37x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.37x
Market cap / tangible book value, when positive.
EV/Sales
0.87x
Enterprise value / revenue.
Earnings yield
31.0%
Net income / market cap (the inverse of P/E).
What was Top Wealth Group Holding Ltd's revenue in fiscal 2025?
Top Wealth Group Holding Ltd reported revenue of $9.1M for fiscal 2025, 92.3% higher than the year before.
Was Top Wealth Group Holding Ltd profitable in fiscal 2025?
Yes. Net income was $3.2M, a net margin of 34.9%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.