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
DateValue
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