Stock Ratings / Financials / TOP / earnings

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TOP Financial Group Limited (Class A) (TOP) Next Earnings Date & Expected ±12.5% Move

$11.11 -22.42% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.64

TOP Financial Group Limited (Class A) (TOP) carries a Roarable Rating of D (Sell) with 50/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 50/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.4% avg 90D alpha vs SPY) →

ROARABLE D • SELL / AVOID Cap $1.37B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on TOP Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TOP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, TOP Financial Group Limited (Class A) (NASDAQ: TOP) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 50/100 at a spot price of $11.11 (-22.42% 1D, market cap $1.37B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, TOP ranks #647 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TOP compare to MUA and BKT in the Financials sector?

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Within the Financials sector (Investment Bankers/Brokers/Service), TOP carries a Roarable D (50/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, MUA (Blackrock MuniAssets Fund Inc) holds a D grade (47/100 RQD, P/E N/A, ROIC —, cap $1.46B) and BKT (BlackRock Income Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.47B). Among the 5-stock peer group, UROY leads on earnings multiple (32.5x) while TOP leads on capital efficiency (— ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TOP?

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Per TOP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001848275), TOP Financial Group Limited (Class A) generated $4.7M in revenue (+41.9% YoY), -$1.2M in net income, and $13.1M in free cash flow against $64.1M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $10.64 (-4.23%)🧬 Dilution Drag (+1.36% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 277.8% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 50/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.4% avg 90D alpha vs SPY • 49.3% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-3.6% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TOP)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (50/100 Composite)

🔍 WHY TOP SCORES 50/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+15/20 pts (30% of score)

SEC XBRL FY 2025 (10-K): 277.8% FCF Margin ($13.1M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+11/20 pts (22% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution7/20 pts (-13 pt drag)

Dilution Drag (+1.36% YoY Shares) & executive Form 4 sales trim 13 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$15.11-1.3% Next Q

Q2 (-2Q)

Grade C$14.91+3.6% Next Q

Q3 (-1Q)

Grade C-$15.44-28% Next Q

Current

Grade D$11.11-1.4% Hist 90D α

Trajectory: C (58) → D (50)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a TOP Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TOP currently carries a cautious 50/100 (D) rating due to Insider Conviction & Share Dilution (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.98) and Max Pain ($11.67) forces dealer call-delta covering toward $18.29.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TOP• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “TOP Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”

YES 50%NO 50%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 29, 2026 (~56 DAYS)

Historical OHLCV Volatility ±12.5% Swing Band

±$1.39 Expected Swing

MODEL EARNINGS SETUP GAUGE

TOP Quantitative Pre-Earnings Setup: 50/100

Trailing EPS: $4.25 • YoY Revenue Growth: 41.9%

Model Bullish Setup (50/100)Model Risk Weight (50/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2026-03-31	$4.7M	-$1.2M	$13.1M	52%
FY 2024	2025-03-31	$3.3M	-$6.0M	-$14.5M	52%
FY 2023	2024-03-31	$8.0M	$1.1M	$17.8M	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TOP)

✓Walkthrough of TOP's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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TOP // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +177.75%▼ SUPPORT BREAKDOWN

2026-11-03O $14.32H $14.32L $11.11C $11.11VOL 274.1K

RES: $16.55SUP: $11.23SMA50: $14.98SMA200: $8.61

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TOP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TOP Butterfly Map → + Track TOP →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +41.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on TOP today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TOP. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for TOP today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TOP)

Financials Rank #647 of 1096 ⚔️ MUA vs TOP Full Matrix →

1. Head-to-Head Financials Peer Comparison (TOP vs. MUA, BKT, UROY, MUC)

Industry: Investment Bankers/Brokers/Service (64 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, TOP Financial Group Limited (Class A) (TOP) ranks #647 by composite RQD confidence (50/100, grade D) and #502 by equity capitalization ($1.37B). Within this direct 5-issuer industry benchmark cohort, UROY leads on earnings valuation at 32.5x trailing P/E, while TOP leads on capital efficiency and profitability with — ROIC and — gross margin. UROY currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with TOP at 50/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
TOP ACTIVE TOP Financial Group Limited (Class A)	D	50/100	—	—	—	-22.42%	$1.37B	Benchmark Subject
MUA Blackrock MuniAssets Fund Inc	D	47/100	—	—	—	+0.20%	$1.46B	/mua-vs-top →
BKT BlackRock Income Trust Inc.	D	46/100	—	—	—	-0.20%	$1.47B	/bkt-vs-top →
UROY Uranium Royalty Corp.	D+	53/100	32.5x	—	—	-3.46%	$1.26B	/uroy-vs-top →
MUC Blackrock MuniHoldings California Quality Fund Inc.	D	47/100	—	—	—	+0.60%	$1.51B	/muc-vs-top →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-03-31 • CIK 0001848275

In its most recent audited fiscal period (FY2025, filed 2026-03-31), TOP Financial Group Limited (Class A) (TOP) reported GAAP revenue of $4.7M (+41.9% vs. FY2024 revenue of $3.3M , and -41.2% cumulative change since FY2023) , GAAP net income of -$1.2M, operating cash flow of $14.0M, and free cash flow of $13.1M (+190.7% YoY). On the balance sheet, TOP closed FY2025 with $64.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2026-03-31	$4.7M	-$1.2M	$14.0M	$13.1M	$64.1M	—
FY2024 (FY)	2025-03-31	$3.3M	-$6.0M	-$14.5M	-$14.5M	—	—
FY2023 (FY)	2024-03-31	$8.0M	$1.1M	$17.8M	$17.8M	—	—

3. TOP Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TOP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does TOP compare to MUA and BKT in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for TOP?

Where is TOP trading relative to its 50-day, 200-day, and 52-week technical levels?

TOP last traded at $11.11 (-22.42% on volume of 274,080 shares), positioning the stock -25.83% below its 50-day simple moving average ($14.98) and +29.04% above its 200-day simple moving average ($8.61). Across its 52-week range of $3.06 to $17.42, TOP sits at the 56.1% percentile with a 14-day RSI of 37.6 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($9.72 to $12.50).

TOP Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is TOP's next earnings date?

Based on SEC filing cadence, TOP Financial Group Limited (Class A) (TOP)'s next quarterly reporting window is estimated around Dec 29, 2026.

How much is TOP stock expected to move on earnings?

Volatility modeling currently projects a ±12.5% event move for TOP, spanning a range between $9.72 and $12.5.

Direct Sub-Reports: TOP RQD Cockpit TOP 12M Forecast TOP Earnings & Move TOP Dividends & DRIP TOP Insiders & 13F TOP Whale Options TOP Profit Sankey TOP News & Why

ROARABLE RATING BRIEF • RQD 50/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

TOP — TOP Financial Group Limited (Class A): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:27:47Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, TOP carries an RQD Score of 55, a letter grade of D+, and the verdict label "Roarable Sell — Weak Fundamentals / Trim." The five pillars break down as follows. Fundamental Cash Engine scores 15 of 20, with ROIC at 0% and FCF yield at 0.74%, indicating that the cash-generation case is weak on a return-on-capital basis even though the company reported positive free cash flow in FY 2025. Whale 13F Flow scores 11 of 20, reflecting institutional accumulation and options positioning, though the source does not provide holder-level detail to confirm direction. Insider Conviction scores 7 of 20, reflecting SEC Form 4 and Congressional PTR cluster flow, the lowest pillar and a signal of limited insider confidence. Macro Regime Fit scores 11 of 20, with a beta of 1.0 and sector sensitivity noted, meaning the stock is expected to move in line with the broader market. Forensic Balance Sheet scores 11 of 20, with an Altman Z-Score of 2.5, a Piotroski F-Score of 5 of 9, and Debt/Equity of 0.5, pointing to a middling financial-health profile. For a prospective investor, the upside case rests on a recovery in operating profitability from the reported FY 2025 operating loss, while the valuation tradeoff is that the company currently reports negative operating and net margins with no earnings-based multiples available in the source data. The rating's verdict implies caution and a preference to trim rather than add exposure.

Business

TOP Financial Group Limited (Class A) is a NASDAQ-listed issuer classified in the Financials sector and the Investment Bankers/Brokers/Service industry, per the company profile. The profile identifies the company as operating in this industry with a market capitalization of $1.8B. The source data does not describe specific products, client types, or revenue-generation mechanics.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$4.7M	$-1.2M	$-1.2M	N/A	$13.1M	N/A	N/A
FY 2024	$3.3M	$-5.8M	$-6.0M	N/A	$-14.5M	N/A	N/A
FY 2023	$8.0M	$0.0M	$1.1M	N/A	$17.8M	N/A	N/A

Per the SEC financials, revenue rose from $3.3M in FY 2024 to $4.7M in FY 2025 while net income improved from $-6.0M to $-1.2M, though both years show losses. Per the market data, operating margin is -24.9%, net margin is -24.8%, gross margin is 0%, and ROIC is 0%. The RQD pillar data reports an Altman Z-Score of 2.5, a Piotroski F-Score of 5 of 9, and Debt/Equity of 0.5. Cash and debt balances are not available in source data.

Open Questions

What are TOP's cash and debt balances, which would allow the Altman Z-Score and Debt/Equity figures to be verified against the reported balance sheet?
What specific business lines generate TOP's revenue, and what drove the swing from FY 2024 to FY 2025 positive free cash flow despite continued losses?
What is the institutional and insider holder composition behind the Whale 13F Flow and Insider Conviction pillar scores?
Why is EPS, TTM earnings, and any valuation multiple unavailable, and when will the company report earnings that allow valuation comparison?
What catalysts or sector developments could shift the Macro Regime Fit score given the beta of 1.0?

TOP Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for TOP Financial Group Limited (Class A) (TOP) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TOP Debate Forum (3) ↓

🟢 CATALYST Yahoo • 1d ago

TOP Financial Group (TOP) Reports Mixed Earnings, Is Its Premium Valuation Justified?

Why TOP Financial Group’s Latest Earnings Are Drawing Attention TOP Financial Group (TOP) has put fresh numbers on the table, and the mix is interesting. Second quarter revenue and profit rose year on year, while six mon

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 3d ago

Apollo Commercial Real Estate Finance shares are trading higher after the company announced it entered into a definitive agreement to sell the company's commercial real estate loan portfolio to Athene Holding.

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 8d ago

TOP Financial Group (TOP) Stock Looks Rich Following Its 203% Run

TOP Financial Group has seen its share price move sharply in 2026, which puts fresh attention on whether the current US$15.29 level lines up with the strength of its balance sheet and book value. With sentiment swinging

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 14d ago

12 Information Technology Stocks Moving In Monday's Pre-Market Session

Gainers Amplitech Group, Inc. - Series B Right (NASDAQ:AMPGZ) shares moved upwards by 31.7% to $0.13 during Monday's pre-market session. 3 E Network (NASDAQ:MASK) shares moved upwards by 30.54% to $1.05. The

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🔴 RISK WATCH Yahoo • 15d ago

Did Share Count Update Just Shift TOP Financial Group's (TOP) Investment Narrative?

TOP Financial Group expanded its board from five to seven members, adding independent director Dean Huge to all key committees and appointing executive director Yuli Yan. The company also closed a US$1.47b shelf registra

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🟡 MARKET WIRE Yahoo • 17d ago

TOP Financial Group Limited Announces Updated Share Capital Structure and Free Public Float

HOUSTON, Texas, Oct. 16, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options p

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🟡 MARKET WIRE Benzinga • 17d ago

TOP Financial Group Announces It Has 123.707M Outstanding Ordinary Shares Across All Classes As Of Oct. 13

TOP Financial Group Limited (NASDAQ: TOP, "TOP" or the "Company"), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options products, today announced its

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🟡 MARKET WIRE Yahoo • 19d ago

TOP Financial Group Limited Establishes U.S. Headquarters and Restructures Board of Directors

HOUSTON, Texas, Oct. 14, 2026 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options p

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TOP Bull vs. Bear Conversation Board — What's Your Call at $11.11?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TOP 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $15.47 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is TOP (D+ • RQD 55/100) a Buy at $14.32?

Welcome to the TOP (TOP Financial Group Limited (Class A)) Roar Pit. Current RQD Composite is 55/100 (Roarable Sell — Weak Fundamentals / Trim) in Investment Bankers/Brokers/Service. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

VA ValDiscipline Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $11.17 (-22.0%)

Spot @ $14.32

Pump the brakes on TOP — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on TOP, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless TOP Financial Group Limited (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MA MacroHawk_NYC Verified K Arena Trader 🐂 BULLISH 🎯 Target: $17.90 (+25.0%)

Spot @ $14.32

TOP cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on TOP, the market is fixating on short-term headline noise in Investment Bankers/Brokers/Service and ignoring the balance sheet and cash flow trajectory. At $14.32 (52-wk range $3.06 - $17.42), any beat on forward guidance forces shorts and underweight funds to chase.