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TROO

TROOPS, Inc.

TROO

TROOPS, Inc. • NASDAQ
$1.39 ▲ 5.30% (+0.07)
Market Cap $151.93 M
52w High $3.05
52w Low $0.49
Dividend Yield 0%
P/E -10.69
Volume 32.82K
Outstanding Shares 109.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $7.464M ▲ $5.486M ▲ $-12.057M ▼ -161.535% ▼ $-0.117 ▼ $-10.754M ▼
Q2-2024 $2.609M ▲ $2.183M ▲ $-1.356M ▼ -51.974% ▼ $-0.013 ▼ $-427K ▼
Q4-2023 $1.735M ▼ $1.161M ▼ $-681K ▲ -39.251% ▲ $-0.007 ▲ $278.5K ▲
Q2-2023 $1.834M ▲ $1.472M ▲ $-1.038M ▼ -56.598% ▼ $-0.01 ▼ $-74K ▼
Q4-2022 $975.5K $564K $415.5K 42.594% $0.002 $1.049M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $5.173M ▲ $79.185M ▼ $10.936M ▼ $68.249M ▲
Q2-2024 $1.504M ▼ $83.591M ▲ $24.372M ▲ $59.219M ▼
Q4-2023 $3.113M ▼ $70.345M ▼ $9.766M ▲ $60.579M ▼
Q2-2023 $3.161M ▲ $70.561M ▲ $9.397M ▲ $61.164M ▼
Q4-2022 $2.95M $69.686M $7.482M $62.204M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-12.057M ▼ $0 $0 $0 $0 $0
Q2-2024 $-1.356M ▼ $0 $0 $0 $0 $0
Q4-2023 $-681K ▲ $0 $0 $0 $0 $0
Q2-2023 $-1.038M ▼ $0 $0 $0 $0 ▼ $0
Q4-2022 $831K $0 $0 $0 $424K $0

Five-Year Company Overview

Income Statement

Income Statement TROOPS looks more like an early‑stage or transition‑stage company than a mature software firm. Revenue over the past several years has been almost non‑existent, with only a tiny uptick recently. Losses, while small in absolute terms, have been persistent, and earnings per share have stayed negative. In plain terms, the business has not yet shown that it can generate meaningful, recurring income from its operations, so the profit engine is still unproven.

Balance Sheet

Balance Sheet The balance sheet is very small and simple. Assets and shareholders’ equity are modest but roughly in line with each other, which means the company is essentially unlevered with very little debt. Cash has started to build but remains low, leaving only a thin financial cushion. Overall, TROOPS does not appear overburdened by obligations, but it also has limited resources to fund ambitious growth without external support.

Cash Flow

Cash Flow Cash flows are tiny and somewhat uneven. Operating cash flow has bounced between slightly positive and slightly negative, and because there is effectively no capital spending, free cash flow moves in tandem. The good news is that cash burn is not large in absolute terms; the concern is that there is still no evidence of a strong, reliable cash‑generating core business. Sustainability will depend heavily on keeping costs lean and securing new cash sources if growth spending increases.

Competitive Edge

Competitive Edge TROOPS is trying to differentiate itself by combining traditional money lending and property activities with a fintech platform. The idea is that these segments reinforce each other: loans, real estate, and technology all interacting in one ecosystem. However, each of its markets—Hong Kong money lending, real estate, and fintech—faces intense competition from larger, better‑capitalized players. The company’s very small scale makes it more of a niche player, so its competitive position depends on carving out specific partnership‑driven opportunities rather than going head‑to‑head with major incumbents.

Innovation and R&D

Innovation and R&D The main innovation story is about integrating modern technologies—AI, big data, blockchain, cloud, and IoT—into finance and property management, rather than about heavy in‑house research spending. TROOPS is positioning itself as a digital connector: an online financial marketplace, smart‑building solutions, AI‑driven advertising, and a potential insurance‑tech platform. Partnerships and acquisitions (such as property management and an insurance brokerage) are central to this plan. The upside is a potentially scalable, tech‑enabled ecosystem; the risk is execution—turning concepts and pilots into widely adopted, profitable services in a crowded and regulated space.

Summary

Overall, TROOPS is a very small, financially fragile company that has yet to establish meaningful revenue or consistent profitability, but carries little debt. Its strategy leans heavily on using technology to upgrade traditional lending and property businesses, supported by partnerships and targeted acquisitions. If this ecosystem approach works, it could create a distinctive niche at the intersection of fintech and real estate. If it does not, the combination of thin cash reserves and an unproven income base leaves limited room for missteps. Uncertainty is high, and the future path depends on successful execution of its fintech and smart‑property ambitions.