TOP Financial Group Ltd cash flow statement

In fiscal 2026, TOP Financial Group Ltd's operations generated $14.0m of cash; it spent $899,500 on capital projects, leaving free cash flow of $13.1m.

Cash flow statement

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

TOP Financial Group Ltd: cash flow statement, annual
Fiscal year	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Cash from operations	−1	4	2	−6	18	−14	14
Depreciation and amortisation	0	0	0	0	0	0	0
Stock-based pay	—	—	—	0	0	0	0
Capital spending	—	—	0	0	0	0	1
Free cash flow	—	—	1	−6	18	−14	13
Free cash flow after stock pay	—	—	—	−6	18	−15	13
Dividends paid	—	5	—	—	—	—	—
Shares issued	—	—	—	23	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

TOP Financial Group Ltd: cash flow statement, quarterly
Quarter	2026 Q1Jun 2025	2026 Q2Sept 2025	2027 Q1Jun 2026	2027 Q2Sept 2026
Cash from operations	7,138	4,190	6,035	−8,421
Depreciation and amortisation	7	1	58	59
Capital spending	—	—	3	7
Free cash flow	—	—	6,032	−8,428

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: GSIW vs TOP LGHL vs TOP PMAX vs TOP

More: Investment Banking & Brokerage stocks compared, Financials sector, rankings of US companies

Figures from TOP Financial Group Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TOP Financial Group Ltd.