Lion Group Holding Ltd is a US-listed company in the investment banking & brokerage industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $9m, up 657.5% on a year earlier, against a decline of 94.1% a quarter earlier. That growth ranks 2 of 40 among the investment banking & brokerage companies we cover.
Our model value for Lion Group Holding is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Lion Group Holding Ltd's trailing-twelve-month revenue grew 657.5% year on year, with a free-cash-flow margin of -37.6%. Where it stands out: revenue growth of 657.5% ranks 2 of 40 investment banking & brokerage companies we cover. Where it lags: net margin of -52.8% ranks 33 of 40 investment banking & brokerage companies we cover.
Current signal Revenue growth accelerating: TTM revenue growth rose to 657.5% (+751.7pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for LGHL from the sources we follow. See filings →
No model value for Lion Group Holding Ltd at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Lion Group Holding Ltd as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$120 ~$670–$2500 | Left out: out of range vs price (56.09x) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lion Group Holding Ltd with brokers, investment banks and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Lion Group Holding Ltd: too few analysts cover it.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| LGHL | −32% | −46% | −96% | −86% | −98% | −100% |
| Industry peers (median) | +31% | −18% | +19% | +45% | +10% | −16% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| LGHL | 33% | 33% | 17% | 17% | 17% | 9% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| LGHL | −81% | −68% | −98% | −91% | −98% | −100% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since June 21, 2019: 100% from May 8, 2020 to November 2, 2026. Getting back needed a 2750301271% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY18 Q4 | $6.6M |
| FY19 Q4 | $18.5M |
| FY20 Q4 | $10.2M |
| FY21 Q4 | $25M |
| FY22 Q4 | $5.1M |
| FY23 Q4 | $21.1M |
| FY24 Q4 | $1.2M |
| FY25 Q4 | $9.4M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY19 Q4 | 182.1% |
| FY20 Q4 | -44.8% |
| FY21 Q4 | 144.3% |
| FY22 Q4 | -79.6% |
| FY23 Q4 | 314.5% |
| FY24 Q4 | -94.1% |
| FY25 Q4 | 657.5% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY18 Q4 | -41.8% |
| FY19 Q4 | 44.7% |
| FY20 Q4 | -25.2% |
| FY21 Q4 | -3.1% |
| FY22 Q4 | -667.7% |
| FY23 Q4 | -27.6% |
| Fiscal year | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 7 | 19 | 10 | 25 | 5 | 21 | 1 | 9 |
| Gross profit | 7 | 19 | 10 | 25 | −2 | 21 | −5 | — |
| EBITDA | −3 | 8 | −3 | 1 | −32 | −4 | — | — |
| Operating income | −3 | 8 | −3 | −1 | −34 | −6 | — | — |
| Net income | −3 | 8 | −3 | 0 | −32 | −5 | −27 | −5 |
| Diluted EPS | −$0.39 | $1.16 | −$0.25 | −$13.53 | −$1748.71 | −$3859.21 | −$1701.75 | −$29.12 |
| Growth (year on year) | ||||||||
| Revenue | — | +182.1% | −44.8% | +144.3% | −79.6% | +314.5% | −94.1% | +657.5% |
| EBITDA | — | — | −130.4% | — | <−999% | — | — | — |
| Operating income | — | — | −131.1% | — | — | — | — | — |
| Net income | — | — | −131.3% | — | — | — | — | — |
| Diluted EPS | — | — | −121.6% | — | — | — | — | — |
| Margins | ||||||||
| Gross margin | 100.0% | 100.0% | 100.0% | — | −48.5% | 100.0% | −392.5% | — |
| EBITDA margin | −41.3% | 45.0% | −24.8% | 2.1% | −627.7% | −19.1% | — | — |
| Operating margin | −41.8% | 44.7% | −25.2% | −3.1% | −667.7% | −27.6% | — | — |
| Net margin | −42.2% | 44.3% | −25.2% | 0.1% | −620.4% | −24.9% | <−999% | −52.8% |
| Free-cash-flow margin | — | — | — | — | — | 26.4% | — | −37.6% |
| Cash flow | ||||||||
| Cash from operations | −1 | 8 | 0 | −20 | −4 | 13 | −19 | −4 |
| Capital spending | — | — | — | — | — | 8 | — | 0 |
| Free cash flow | — | — | — | — | — | 6 | — | −4 |
| Stock-based pay | — | — | 4 | 0 | 1 | 2 | 1 | 0 |
| Free cash flow after stock pay | — | — | — | — | — | 4 | — | −4 |
| Balance sheet | ||||||||
| Cash | 3 | 6 | 3 | 15 | 11 | 29 | 17 | 20 |
| Total debt | 0 | 1 | 1 | — | 4 | 2 | 4 | 18 |
| Net debt (negative = net cash) | −3 | −5 | −2 | −15 | −7 | −27 | −13 | −2 |
| Diluted shares | — | — | 4m | 4m | 6m | — | — | — |
| Last 12 months unless stated | LGHL | WTF | GSIW | PMAX | NCTY | ARBK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $9m | $11m | $7m | $6m | $15m | $16m | $2.0bn |
| Revenue growth, last 12 months | 657.5% | 48.8% | 33.2% | 30.8% | −3.3% | −67.0% | 20.7% |
| Gross margin | −392.5% | — | — | 49.5% | 1.7% | 1.8% | 3.6% |
| Operating margin | −27.6% | −131.1% | — | −47.9% | −260.5% | −86.3% | −2.3% |
| Net margin | −52.8% | −136.7% | −190.1% | −49.3% | −373.0% | 32.8% | 5.8% |
| Cash from operations / revenue | −37.5% | −63.7% | −58.2% | −18.4% | −29.4% | −161.1% | 7.7% |
| Free-cash-flow margin | −37.6% | −66.6% | −59.6% | −18.4% | −76.5% | −161.9% | 5.2% |
| Stock pay / revenue | 2.3% | 63.7% | 62.2% | 0.2% | 107.6% | 17.1% | 4.7% |
| Change in share count | 37.0% | 15.4% | 7.7% | 65.1% | 62.0% | 260.0% | 1.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 657.5% | 20.8% | 2 of 40 |
| Change in growth rate Growth | +751.7pp | -0.3pp | 2 of 40 |
| Net margin Profitability | -52.8% | 6.0% | 33 of 40 |
| Stock pay as % of revenue Cash generation | 2.3% | 4.8% | 12 of 36 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Hrt Financial Lp 10% owner | August 6, 2026 | Sell | 45,130 | $0.94 | $42,422 |
| Hrt Financial Lp 10% owner | August 5, 2026 | Sell | 10,392 | $0.93 | $9,665 |
| Hrt Financial Lp 10% owner | August 4, 2026 | Buy | 13,764 | $0.92 | $12,663 |
| Hrt Financial Lp 10% owner | August 3, 2026 | Sell | 1,827 | $0.93 | $1,699 |
| Hrt Financial Lp 10% owner | July 31, 2026 | Buy | 34,355 | $0.94 | $32,294 |
| Hrt Financial Lp 10% owner | July 30, 2026 | Sell | 16,205 | $1.04 | $16,853 |
| Hrt Financial Lp 10% owner | July 29, 2026 | Sell | 3,029 | $1.21 | $3,665 |
| Hrt Financial Lp 10% owner | July 27, 2026 | Sell | 93,931 | $1.59 | $149,350 |
| Hrt Financial Lp 10% owner | July 24, 2026 | Buy | 27,702 | $0.95 | $26,317 |
| Hrt Financial Lp 10% owner | July 23, 2026 | Sell | 8,435 | $1.43 | $12,062 |
| Hrt Financial Lp 10% owner | July 22, 2026 | Sell | 3,763 | $1.36 | $5,118 |
| Hrt Financial Lp 10% owner | July 21, 2026 | Sell | 31,226 | $1.46 | $45,590 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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