TOP Financial Group Limited

TOPNASDAQFinancial Services● Active

$1.05

+$0.05(+5.00%)

Market Cap$38921617

P/E Ratio—

52W High$3.33

52W Low$0.612

Avg Volume696K

Open$1.07

Beta-0.93

Free Cash Flow Financials Revenue

TOP Financial Group Limited (TOP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TOP · free cash flow · updated Jun 9, 2026

Core FCF metrics

TOP · FCF · TTM · margin & CAGR

Free cash flow was −$14.5M for FY2025 (fiscal year ending 2025-03-31), down 181.5% year-over-year The FCF margin was -434.8%.

FY2025 Free Cash Flow−$14.5M▼ -181.5% YoY

Trailing 12M (TTM)$8.1MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-434.8%−$14.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TOP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$14.5M(0M)−$14.5M▼ 181.5%-434.8%

FY2024$17.8M(0M)$17.8M▲ +390.2%220.9%

FY2023−$6.0M(0M)−$6.1M▼ 622.4%-63.1%

FY2022$1.6M(0M)$1.2M▼ 72.9%15.0%

FY2021$4.3M(0M)$4.3M▲ +560.1%25.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TOP · P/FCF · FCF yield · FCF per share

TOP Financial Group Limited (TOP) trades at a FCF yield of 2.51% and a price-to-free-cash-flow ratio of 4.8x. FCF per share stands at $0.22, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.51%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.22

TTM FCF ÷ Shares Outstanding

Price / FCF

x4.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-03-31

Cash flow statement summary

TOP · cash flow statement · operating / investing / financing

For FY2025, TOP Financial Group Limited generated −$14.5M in operating cash flow and spent 0M in capital expenditures, yielding −$14.5M in free cash flow.

Operating Activities

−$14.5M

Cash from core business operations

2025-03-31

Investing Activities

−$9.4M

CapEx, acquisitions & investments

2025-03-31

Financing Activities

+$0.0M

Buybacks, dividends & debt

2025-03-31

FCF FormulaOperating CF (−$14.5M) − |CapEx| (0M) = FCF (−$14.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

TOP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

TOP Financial Group LimitedYOU

TOP

−$14.5M-181.5%-434.8%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

TOP Financial Group Limited (TOP) reported free cash flow of −$14.5M for FY2025 (fiscal year ending 2025-03-31), down 181.5% year-over-year. The FCF margin was -434.8%.

Based on available data, TOP Financial Group Limited has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $17.8M in FY2024.

TOP Financial Group Limited's FCF yield is 2.51% and price-to-FCF ratio is 4.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TOP free cash flow · 8 questions

TOP Financial Group Limited free cash flow was −$14.5M for FY2025, down 181.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.1M.

TOP free cash flowTOP FCFTOP FCF 2025TOP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · TOP Financial Group Limited · TOP Financial Group Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026