TOP Financial (TOP) Enterprise Value (2020 - 2025)
TOP Financial (TOP) reported Enterprise Value of -$23.6 million for Q3 2025, down 85.48% year-over-year from -$162.4 million in Q3 2024, and down 92.78% quarter-over-quarter from -$12.2 million in Q1 2025.
TOP Financial (TOP) Enterprise Value (2020 - 2025) Analysis & Trends
TOP Financial (TOP) has 6 years of Enterprise Value data on file, last reported at -$23.6 million in Q3 2025.
- Enterprise Value for Q3 2025 came in at -$23.6 million, down 85.48% year-over-year; the trailing twelve-month figure through Sep 2025 was -$23.6 million (down 85.48% YoY), and the FY2025 annual result was -$12.2 million, up 52.83% from the prior year.
- Enterprise Value eased to -$23.6 million in Q3 2025 per TOP's latest filing, from -$12.2 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$4.9 million in Q1 2021 and troughed at -$25.9 million in Q1 2024.
- A 5-year average of -$16.9 million and a median of -$16.0 million in 2023 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2023 and 2025: Enterprise Value plunged 157.56% in 2023, then surged 52.83% in 2025.
- A 5-year view of Enterprise Value shows it stood at -$4.9 million in 2021, then sank by 428.47% to -$25.7 million in 2022, then grew by 1.9% to -$25.2 million in 2023, then surged by 49.54% to -$12.7 million in 2024, then tumbled by 85.48% to -$23.6 million in 2025.
- Business Quant data shows TOP's Enterprise Value at -$23.6 million in Q3 2025, -$12.2 million in Q1 2025, and -$12.7 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -268,003.51 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -133.53 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -937.55 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | -44.98 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | -4.64 Bn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 10.59 Bn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | -1.02 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | -1.25 Bn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | -1.52 Bn |
| 10 | TOP Financial | 10.63 | -23.57 Mn | - | -23.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -23.57 Mn |
| Mar 31, 2025 | -12.23 Mn |
| Sep 30, 2024 | -12.71 Mn |
| Mar 31, 2024 | -25.92 Mn |
| Sep 30, 2023 | -25.18 Mn |
| Mar 31, 2023 | -15.97 Mn |
| Sep 30, 2022 | -25.67 Mn |
| Mar 31, 2022 | -6.20 Mn |
| Mar 31, 2021 | -4.86 Mn |
| Mar 31, 2020 | -3.64 Mn |