TROONasdaqMiscellaneous Business Credit InstitutionFiscal year ends December 31

Troops, Inc. /Cayman Islands/

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026

$1.67+0.02 (+1.21%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

Troops, Inc. /Cayman Islands/ income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	17	10	3.57	3.88	3.68	4.29	5.12	1.57	0.05	5.07	1.92	43	201	167	313	217	68
Cost of Revenue	16	8.13	2.79	3.05	3.32	5.36	2.38	1.26	1.34	4.87	1.83	41	185	154	279	185	58
Gross Profit	1.56	1.94	0.78	0.82	0.36	-1.07	2.73	0.31	-1.29	0.20	0.10	2.02	16	12	34	33	10
Research & Development	–	–	–	–	–	–	–	–	–	–	0.07	0.06	0.18	0.24	0.32	0.12	–
General & Administrative	18	3.96	2.75	2.19	2.74	2.62	4.19	2.23	1.96	4.12	1.50	3.07	3.80	5.32	5.78	6.44	0.89
Operating Expenses	31	7.67	2.58	1.36	9.17	66	3.47	2.77	7.83	4.17	1.63	3.37	4.88	5.99	7.49	7.14	1.01
Operating Income	-30	-5.73	-1.80	-0.54	-8.81	-67	-0.73	-2.46	-9.13	-3.97	-1.53	-1.35	11	6.49	26	26	9.10
Interest Expense	–	–	0.06	0.06	0.10	1.02	0	0.06	0.01	0.02	0.06	0.30	0.26	0.06	2.08	1.28	0.84
Interest & Investment Income	0.06	0.01	0.01	0.00	0	0	0.00	0	0.13	0.12	0.22	0.34	0.01	0.01	0.29	0.09	0.01
Other Non-Operating Income	0.13	-7.66	-0.06	0.13	0.27	-0.89	0.20	0.60	-0.03	-1.39	-0.88	0.37	-0.06	-0.11	-0.98	-2.11	-0.91
Asset Impairment Charges	–	0	1.55	1.55	4.74	59	0.45	0	5.62	0	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	0.00	–	–	–	0.13	–	–
Pretax Income	-29	-13	-1.86	-0.40	-8.54	-68	-0.53	-1.87	-9.15	-5.36	-2.42	-0.98	11	6.38	25	23	8.19
Income Tax Expense	-1.50	0.03	-0.14	-0.06	-0.13	-0.31	0.41	0.02	-0.35	-0.32	–	1.31	2.55	2.17	8.65	3.51	1.03
Income from Continuing Operations	–	–	–	-0.35	-8.41	-68	-0.94	-1.88	-8.80	-5.05	–	–	–	–	–	–	–
Income from Discontinued Operations	–	–	–	–	–	0.01	-36	-19	-2.41	0	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	-28	-13	-1.72	-0.35	-8.41	-68	-37	-21	-11	-5.05	–	–	–	–	17	20	7.16
Net Income	–	–	–	–	-8.41	-68	-19	-12	-11	-5.05	-2.42	-2.29	8.44	4.21	17	20	–
EPS (Basic)(per share)	-0.23	-0.13	-0.02	-0.01	-0.08	-0.69	-0.24	-0.35	-0.99	-0.68	-0.55	-0.53	1.96	1.00	4.12	8.52	3.36
EPS (Diluted)(per share)	-0.23	-0.13	-0.02	-0.01	-0.08	-0.69	-0.24	-0.35	-0.99	-0.68	-0.55	-0.53	1.96	1.00	4.08	7.44	3.36
Shares Outstanding (Basic, Weighted)(shares)	121	102	102	102	102	98	79	35	11	7.42	4.40	4.35	4.30	4.26	4.02	2.34	2.13
Shares Outstanding (Diluted, Weighted)(shares)	121	102	102	102	102	98	79	35	11	7.42	4.40	4.35	4.30	4.26	4.07	2.68	2.13
EBITDA	-27	-3.52	0.31	1.43	-6.67	-63	1.35	-1.39	-7.72	-2.70	-1.53	-1.33	–	–	28	27	9.72
Net Interest Income	–	–	–	–	0.09	0.04	0.00	0	–	–	–	–	–	–	–	–	–
Provision for Credit Losses	-0.45	3.47	-0.05	-0.97	1.39	1.98	0.19	0	0	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 9.1%
Operating margin: -172.8%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.92
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 24.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –