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LGHL

Lion Group Holding Ltd.

LGHL

Lion Group Holding Ltd. • NASDAQ
$7.73 ▲ 8.53% (+0.61)
Market Cap $1.65 M
52w High $213.20
52w Low $3.93
Dividend Yield 0%
P/E -0.01
Volume 29.66K
Outstanding Shares 212.97K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $-37.981M ▼ $7.095M ▼ $-19.81M ▼ 52.158% ▲ $-58.23 ▲ $-12.16M ▼
Q2-2024 $6.693M ▼ $8.648M ▲ $-7.639M ▼ -114.133% ▼ $-72.68 ▲ $-11.63M ▼
Q4-2023 $6.966M ▼ $8.577M ▲ $-5.952M ▼ -85.453% ▼ $-166.6 ▼ $-9.464M ▼
Q2-2023 $13.306M ▲ $5.536M ▼ $1.249M ▲ 9.388% ▲ $50 ▲ $2.879M ▲
Q4-2022 $566.812K $12.14M $-11.336M -2K% $-551.98 $739.522K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $16.937M ▼ $36.367M ▼ $29.17M ▲ $10.539M ▼
Q2-2024 $19.78M ▼ $49.095M ▼ $27.022M ▼ $25.417M ▼
Q4-2023 $33.477M ▲ $74.545M ▼ $46.133M ▼ $31.532M ▼
Q2-2023 $32.598M ▲ $93.625M ▲ $64.144M ▲ $32.706M ▲
Q4-2022 $22.264M $86.634M $59.222M $28.871M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-19.81M ▼ $-7.25M ▲ $170.45K ▲ $3.911M ▲ $0 $-7.25M ▲
Q2-2024 $-7.639M ▼ $-11.862M ▼ $-284.73K ▼ $1.579M ▼ $0 ▼ $-11.862M ▼
Q4-2023 $-5.952M ▼ $8.811M ▲ $1.417M ▲ $3.373M ▲ $6.853M ▲ $961.742K ▼
Q2-2023 $693.334K ▲ $4.602M ▲ $-508 ▲ $-1.714M ▼ $2.988M ▲ $4.601M ▲
Q4-2022 $-11.287M $-3.036M $-3.506M $6.14M $-15.016M $-3.036M

Revenue by Products

Product Q2-2022
Other Member
Other Member
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement Lion Group’s income statement shows a very small, still‑developing business that has not yet found stable, profitable footing. Revenue has been thin and choppy, with some years where the core activities did not even cover direct costs, leading to negative gross profit. Operating and net results have been consistently in the red recently, with only brief moments of breakeven in the past. Earnings per share look wildly volatile, but that is largely driven by repeated changes in share count and reverse splits rather than true swings in underlying performance. Overall, the picture is one of a company still searching for scale and a sustainable economic model, with ongoing losses a central feature of recent years.

Balance Sheet

Balance Sheet The balance sheet is small and lean, with limited assets and a modest cash position forming the core of the company’s resources. Shareholders’ equity has been eroded over time by repeated losses, leaving a relatively thin capital cushion. On the positive side, formal debt is minimal to nonexistent, so the company is not weighed down by interest payments or heavy leverage. However, the combination of a small asset base and shrinking equity means there is not much room for prolonged financial underperformance without needing new capital or significant improvement in profitability.

Cash Flow

Cash Flow Cash flow from operations has been uneven and recently negative, which means the business is not yet consistently generating cash from its day‑to‑day activities. Free cash flow has followed the same pattern, with only brief periods of improvement. Capital spending has been low, indicating the company is not investing heavily in physical assets; most of the spending is likely going through the income statement as operating and development costs. In practical terms, Lion Group appears dependent on its existing cash and external funding to support operations while it works to scale its platforms and turn innovation into steady revenue.

Competitive Edge

Competitive Edge Lion Group operates in the financial services and capital markets space, where it competes against far larger and more established brokers, trading platforms, and fintech players. Its strategy is to differentiate through technology, offering an “all‑in‑one” platform that combines traditional trading products with newer areas like SPAC services, digital assets, and carbon finance. Regulatory licenses in recognized financial hubs add credibility and provide a necessary foundation of trust. At the same time, the company’s small size, limited brand recognition, and ongoing losses are clear competitive weaknesses. Many larger rivals are also adopting AI and digital asset offerings, so Lion’s edge will depend heavily on execution, user experience, and its ability to build scale in niche markets such as carbon credits.

Innovation and R&D

Innovation and R&D Innovation is the core of Lion Group’s story. The company is heavily focused on using artificial intelligence across its trading and support systems, including an in‑house algorithmic trading service and AI‑driven advisory and customer service tools. It is integrating advanced models like GPT‑4o into its products to automate client interaction, compliance checks, and trading support. Beyond AI, Lion is pushing into emerging areas such as a carbon credit trading platform, NFT‑based language projects, and broader Web3 and digital asset strategies, supported by partnerships with specialist firms. This creates a pipeline of potentially high‑growth opportunities, but most of these initiatives are still early and unproven. The key risk is that innovation spending continues to weigh on profitability if these projects fail to gain meaningful commercial traction.

Summary

Lion Group is a very small, tech‑driven financial services company that is trying to reinvent itself around AI, digital assets, and carbon finance. The strategic story is ambitious: build a differentiated, technology‑heavy platform in niches where large incumbents are less entrenched. However, the financials show a company that is still loss‑making, with a modest cash reserve, a thin equity base, and no clear track record of sustained revenue scale. The absence of significant debt reduces financial strain, but it also underscores reliance on equity and future capital to fund operations. Overall, Lion Group represents a high‑uncertainty profile: meaningful upside if its AI and niche platforms gain traction, but clear risk if commercialization remains slow and cash resources are not strengthened over time. Key things to follow are whether revenue becomes more stable and meaningful, whether cash burn moderates, and how quickly its carbon, AI, and Web3 initiatives convert from vision to recurring business.

NEWS

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