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
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- P/E (TTM)
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- Dividend yield
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Troops, Inc. /Cayman Islands/ statistics
Financials through Dec 31, 2025, price as of Oct 19, 2026, median of Miscellaneous Business Credit Institution companies for comparison
Valuation
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Market Cap | $204.01M | $199.16M |
| Enterprise Value | $199.99M | $160.19M |
| PS Ratio | 11.93 | 2.66 |
| PB Ratio | 4.16 | 1.17 |
| P/TBV Ratio | 5.76 | 1.40 |
| P/FCF Ratio | 295.66 | 12.30 |
| P/OCF Ratio | 252.80 | 5.61 |
Enterprise value
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| EV / Sales | 11.70 | 2.72 |
| EV / FCF | 289.84 | 11.30 |
Income (trailing twelve months)
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Revenue | $17.10M | $61.19M |
| Gross Profit | $1.56M | $1.92M |
| Operating Income | -$29.53M | -$13.20M |
| Pretax Income | -$29.41M | -$4.81M |
| EBITDA | -$27.24M | -$9.49M |
| EPS (Diluted) | -$0.23 | -$0.03 |
Margins
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Gross Margin | 9.15% | 43.9% |
| Operating Margin | -172.8% | -125.1% |
| Pretax Margin | -172.0% | -25.1% |
| EBITDA Margin | -159.3% | -67.0% |
| FCF Margin | 4.04% | -22.8% |
Returns
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Return on Invested Capital (ROIC) | -43.2% | -33.3% |
| Return on Capital Employed (ROCE) | -56.3% | -23.7% |
Growth
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 69.7% | 19.7% |
| FCF Growth (YoY) | -59.5% | 18.7% |
| Revenue Growth (3Y CAGR) | 64.0% | 5.53% |
| Revenue Growth (5Y CAGR) | 31.8% | 10.1% |
Balance sheet
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $4.02M | $20.81M |
| Net Cash (Debt) | $4.02M | $7.60M |
| Net Cash Per Share | $0.03 | $0.22 |
| Equity (Book Value) | $49.02M | $165.65M |
| Book Value Per Share | $0.40 | $3.80 |
| Tangible Book Value | $35.43M | $127.24M |
| Working Capital | -$1.33M | $8.71M |
Financial position
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Current Ratio | 0.92 | 1.43 |
| Quick Ratio | 0.27 | 0.54 |
Cash flow (trailing twelve months)
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Operating Cash Flow | $807.00K | -$5.36M |
| Capital Expenditures | -$117.00K | -$5.04M |
| Free Cash Flow | $690.00K | -$15.68M |
| FCF Per Share | $0.01 | -$0.26 |
Efficiency
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Asset Turnover | 0.23 | 0.16 |
| Revenue Per Employee | $363.75K | $705.30K |
| Employee Count | 47 | 48 |
Dividends and yields
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| FCF Yield | 0.34% | -13.8% |
| Buyback Yield | -4.26% | 0.12% |
| Shareholder Yield | -4.26% | 0.14% |
Shares
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Shares Outstanding | 122,160,000 | 56,031,200 |
| Shares Change (YoY) | 18.1% | 12.9% |
| Float | 72,598,000 | 43,350,400 |
| Shares Held by Insiders | 40.6% | 18.5% |
Taxes
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Income Tax | -$1.50M | $82.74K |
Scores
| Measure | Troops, Inc. /Cayman Islands/ | Industry median |
|---|---|---|
| Altman Z-Score | 2.55 | 0.30 |
Calculated by StockData from Troops, Inc. /Cayman Islands/'s SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.