TOP Financial (TOP) Enterprise Value (2021 - 2025)
TOP Financial (TOP) posted quarterly Enterprise Value of -$23.6 million for Q3 2025, down 7.47% YoY from -$25.5 million in Q3 2024, and down 92.78% sequentially from -$12.2 million in Q1 2025.
TOP Financial (TOP) Enterprise Value (2021 - 2025) Analysis & Trends
TOP Financial has disclosed Enterprise Value across 5 years of filings, most recently posting -$23.6 million for Q3 2025.
- In Q3 2025, Enterprise Value fell 7.47% year-over-year to -$23.6 million; the TTM figure through Sep 2025 stood at -$23.6 million (down 7.47% YoY), while the FY2025 annual figure was -$12.2 million, up 53.66% from the prior year.
- Enterprise Value fell to -$23.6 million in Q3 2025, from -$12.2 million in the prior quarter.
- Over the last five years, Enterprise Value for TOP reached as high as -$6.2 million in Q1 2022 and fell as low as -$26.4 million in Q1 2024.
- The 5-year median for Enterprise Value is -$21.9 million (2024), against an average of -$18.0 million.
- Annual changes were most pronounced in 2023 — Enterprise Value slumped 157.56% — and 2025, when it surged 53.66%.
- A 5-year view of Enterprise Value shows it stood at -$6.8 million in 2021, then plunged by 243.59% to -$23.5 million in 2022, then declined by 7.23% to -$25.2 million in 2023, then grew by 12.91% to -$21.9 million in 2024, then dropped by 7.47% to -$23.6 million in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$23.6 million, -$12.2 million, and -$21.9 million for Q3 2025, Q1 2025, and Q3 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -133.53 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -937.55 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -44.98 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -2.16 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | -4.64 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -1.02 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | -1.25 Bn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | -1.52 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -2.21 Bn |
| 10 | TOP Financial | 69.68 Mn | -14,785.38 Bn | - | -23.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -23.57 Mn |
| Mar 31, 2025 | -12.23 Mn |
| Sep 30, 2024 | -21.93 Mn |
| Mar 31, 2024 | -26.39 Mn |
| Sep 30, 2023 | -25.18 Mn |
| Mar 31, 2023 | -15.97 Mn |
| Sep 30, 2022 | -23.49 Mn |
| Mar 31, 2022 | -6.20 Mn |
| Mar 31, 2021 | -6.84 Mn |