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TROOPS, Inc.

TROOFinancial ServicesNASDAQ

Credit Services

PriceMA150MA200
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Financials · Annual
Revenue
$17.1M
+69.7% YoY
Net Income
-$27.9M
-108.0% YoY
EBITDA
-$27.1M
-142.5% YoY
Free Cash Flow
$7.5M

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About TROOPS, Inc.

TROOPS, Inc., together with its subsidiaries, provides consultancy services for insurance products in Hong Kong, Australia, and the People's Republic of China. With a market capitalization of $480.1M, it sits in small-cap territory. The company also provides mortgage, personal, and corporate loans; and advisory and referral services in relation to the application of migration, education and visa renewal to its customers.

Key stats
Market Cap$480.1M
EPS$-0.23
Beta3.75
52W Change+397.5%
ROE-47.6%
Analysis

The balance sheet looks solid with $4.0M in cash comfortably exceeding the $4K debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $7.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -47.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $3.9M (2022) to $17.1M (2025), reflecting a 341% increase over the period.

TROOPS, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for TROOPS, Inc. and its sector.

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