Lion Group Holding Ltd key statistics and ratios

In fiscal 2025, Lion Group Holding Ltd had return on equity of -27.4%, a net margin of -52.8%, debt equal to 70.8% of equity and a current ratio of 4.11. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lion Group Holding Ltd: financial ratios, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	100.0%	100.0%	100.0%	—	−48.5%	100.0%	—	—
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%
Return on equity	−48.0%	126.8%	−31.2%	0.1%	−75.3%	−17.4%	−130.5%	−27.4%
Return on assets	−17.7%	56.5%	−14.2%	0.0%	−26.8%	−6.5%	−49.5%	−10.9%
Asset turnover	0.42	1.27	0.56	0.29	0.04	0.26	0.02	0.21
Current ratio	—	2.09	1.47	1.40	1.28	1.20	0.67	4.11
Debt to equity	0.0%	19.6%	13.8%	0.2%	14.4%	5.4%	41.9%	70.8%
Interest cover (operating income ÷ interest)	n/m	11.3x	n/m	n/m	n/m	n/m	—	—
Effective tax rate	—	0.8%	—	—	—	—	—	—
R&D as % of revenue	—	—	—	4.8%	92.3%	0.0%	—	—
SG&A as % of revenue	—	—	14.7%	—	4.8%	1.2%	—	—
Capital spending as % of revenue	—	—	—	—	—	37.2%	—	0.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Lion Group Holding Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Lion Group Holding Ltd.