TROOPS, Inc. (TROO) AI Stock Analysis
TROO AI stock analysis summary
AI ResearchTROOPS, Inc. is a financial services company operating money lending, fintech, and real estate businesses primarily in Hong Kong and Australia. While revenue reached $17.1M in FY2025 following strong multi-year top-line growth, the company generated a net loss of -$27.9M. Its shares closed at $1.65 on October 16, 2026, down 48.4% year-to-date.
- Market cap
- $201.6M
- Revenue (TTM)
- $17.1M
- P/E
- —
- 1Y return
- 16.2% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue increased 69.7% in FY2025 to reach $17.1M, supported by a 5-year revenue CAGR of 31.8%.
- The balance sheet carried $4.0M in net cash with total debt of just $4,000 as of March 31, 2026.
- Trailing twelve-month quarterly revenue expanded 27.0% year-over-year as of March 31, 2026.
Bear case
- Net loss expanded significantly in FY2025 to -$27.9M, representing a net margin of -163.2%.
- Valuation multiples are elevated relative to peers, including a price-to-sales ratio of 11.8x compared to the US-listed Financial Services median of 3.2x.
- Liquidity metrics are pressured, indicated by a current ratio of 0.92 as of March 31, 2026.
What TROOPS does
TROOPS, Inc., formerly known as SGOCO Group, Ltd., is a financial services company headquartered in Tsuen Wan, Hong Kong. The firm provides money lending services in Hong Kong and Australia, offering mortgage, personal, and corporate loans. Through a mobile application, TROOPS operates an online financial marketplace connecting institutions with users and offering application programming interface (API) services. It also develops software-as-a-service (SaaS) and mobile apps, delivers project-based API consulting, and provides maintenance and support services. Additionally, the company invests in real estate properties and offers property leasing and management services.
Growth and profitability
TROOPS delivered a 5-year revenue compound annual growth rate of 31.8% from FY2020 to FY2025. Annual revenue expanded from $3.7M in FY2021 to $10.1M in FY2024 and reached $17.1M in FY2025, reflecting 69.7% growth in the latest fiscal year. However, gross margin dropped to 9.1% in FY2025 from 19.3% in FY2024, and operating margin was -97.6%. Net losses widened substantially from -$1.7M in FY2023 to -$13.4M in FY2024 and -$27.9M in FY2025. For the trailing twelve months ended March 31, 2026, quarterly revenue grew 27.0% year-over-year, while diluted earnings per share stood at -$0.23 with an operating margin of -156.8%.
Balance sheet and cash flow
As of March 31, 2026, TROOPS held $4.0M in cash and short-term investments against $4,000 in total debt, resulting in net cash of $4.0M and a debt-to-equity ratio of 0.00. Shareholders' equity was $49.0M on total assets of $69.1M, while the current ratio stood at 0.92. In FY2025, the company generated $807,000 in operating cash flow and $690,000 in free cash flow. Capital expenditures totaled $117,000, and TROOPS spent $4.0M on share buybacks, while share count increased 20.0% over five years.
Valuation and performance
TROOPS has an enterprise value of $222.0M and a market capitalization of $201.6M. Its price-to-sales multiple is 11.8x, compared to the median of 3.2x for its US-listed Financial Services peers. Enterprise value to EBITDA is 952.1x, well above the peer median of 11.7x, while price-to-book stands at 4.6x. Over the past year, the stock gained 16.2%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock fell 72.7% compared to an 83.0% gain for the S&P 500.
What analysts expect
TROOPS recorded 0 earnings beats over the last 4 quarters. The company's next earnings report date is scheduled for October 21, 2026. The stock last traded at $1.65, sitting 40.7% below its 200-day moving average and between its 52-week low of $1.02 and 52-week high of $5.28.
Key risks and what to watch
- The stock exhibits high price volatility with a beta of 3.52 and a 5-year return of -72.7%.
- Operating margins remained heavily negative at -97.6% in FY2025 and -156.8% over the trailing twelve months.
- Cash reserves of $4.0M as of March 31, 2026, provide a limited buffer against ongoing net losses.
- Institutional ownership is minimal at 0.3%, while insider ownership is concentrated at 60.0%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this TROO AI stock analysis
This page is an AI-written research summary of TROOPS, Inc. (TROO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: TROO income statement, TROO balance sheet, TROO key metrics, TROO chart. See the TROO stock overview for the latest quote and news.
TROO AI stock analysis FAQ
What does TROOPS, Inc. do?
TROOPS, Inc. provides money lending services in Hong Kong and Australia, including personal, mortgage, and corporate loans. It also develops fintech software and marketplace apps, offers API consulting, and operates commercial real estate leasing and property management.
What is TROOPS, Inc.'s valuation compared to peers?
TROOPS trades at a price-to-sales ratio of 11.8x, compared to 3.2x for the median of its US-listed Financial Services peers. Its EV-to-EBITDA multiple is 952.1x versus the peer median of 11.7x.
Does TROOPS pay a dividend?
TROOPS does not currently pay a dividend.
How is TROOPS' balance sheet structured?
As of March 31, 2026, the company held $4.0M in cash and short-term investments against $4,000 in total debt. Shareholders' equity was $49.0M, and the current ratio was 0.92.