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Top Wealth Group Holding Ltd (TWG) stock

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NASDAQ: TWG Nasdaq Packaged Foods & Meats

C+ Fundamentals grade

Top Wealth Group Holding Ltd is a US-listed company in the packaged foods & meats industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Top Wealth Group Holding Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Top Wealth Group Holding Ltd valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Top Wealth Group Holding files

Where Top Wealth stands after its latest Filing

Revenue for the twelve months was $9m, up 92.3% on a year earlier, against a decline of 72.0% a quarter earlier. That growth ranks 2 of 44 among the packaged foods & meats companies we cover. The diluted share count is up 116.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks.

Our model value for Top Wealth 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.

The Fundamentalytics view

Where it stands out: gross margin of 74.6% ranks 1 of 43 packaged foods & meats companies we cover. Where it lags: change in share count of 116.5% ranks 40 of 40 packaged foods & meats companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 92.3% (+164.3pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 92.3% over the last 12 months, against a median of 2.2% for packaged foods & meats companies we cover.
  • Growth speeding up. The growth rate is 164.3 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Burning cash. Free cash flow was -4.2% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 18.2% of revenue, against a median of 0.6% for packaged foods & meats companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 116.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 304% and a beta of -0.6 against the S&P 500.
  • Weak cash conversion. Free cash flow was -11% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 370 days ranks 35 of 35 packaged foods & meats companies we cover (median 33 days).

Price chart

  • 1 day+4.2%
  • 1 week-6.5%
  • 1 month-71.0%
  • This year-99.1%
  • 1 year-99.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$9.1M
Net margin
34.9%
EPS (TTM, diluted)
$3.87

Growth

Revenue growth
+92.3%
Change in growth rate
+164.3 pts
Share count change
+116.5%

Cash

Stock pay % of revenue
18.2%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TWG from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Top Wealth Group Holding Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

Valuation multiples over time Market data may be delayed

At fiscal year end 20242025
Share price$2484.00$329.00
Market value$945m$271m
+ Net debt (− = net cash)−$42380−$2m
Enterprise value$945m$269m
Multiples
Price / sales 199.0x29.7x
Price / earnings —85.0x
Price / free cash flow n/m—
EV / EBITDA ——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

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

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

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Top Wealth Group Holding Ltd: too few analysts cover it.

Positioning

Short interest
3.1%
of tradable shares
Days to cover
0.14
at average volume
Short interest, 1 month
+494%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
25.5%
of shares
Employees
2
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 20252026 to date
Return
TWG−87%−99%
Industry peers (median)−16%−15%
S&P 500+18%+11%
Months that ended higher
TWG25%18%
S&P 50075%46%
Largest fall from a high during the year
TWG−87%−99%
S&P 500−19%−9%

Worst fall since April 17, 2024: 100% from October 24, 2024 to October 30, 2026. Getting back needed a 4049900% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.00 – $2201.00
From 52-week high
−99.9%
vs 50-day average
−87.0%
vs 200-day average
−98.7%
Volatility (1 year)
304%
Beta vs S&P 500
-0.56

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Top Wealth Group Holding Ltd in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Top Wealth Group Holding Ltd
$0 $5M $10M $15M $20M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $19.6K Revenue (TTM), FY22 Q4: $8.5M Revenue (TTM), FY23 Q4: $16.9M Revenue (TTM), FY24 Q4: $4.7M Revenue (TTM), FY25 Q4: $9.1M $9.1M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $19.6K
FY22 Q4 $8.5M
FY23 Q4 $16.9M
FY24 Q4 $4.7M
FY25 Q4 $9.1M
Revenue growth, TTM YoY Top Wealth Group Holding Ltd
-20000% 0% 20000% 40000% 60000% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: 43300.1% Revenue growth, TTM YoY, FY23 Q4: 99.0% Revenue growth, TTM YoY, FY24 Q4: -72.0% Revenue growth, TTM YoY, FY25 Q4: 92.3% 92.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 43300.1%
FY23 Q4 99.0%
FY24 Q4 -72.0%
FY25 Q4 92.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 0 9 17 5 9
Gross profit 0 4 5 3 7
Net income −0 2 2 −2 3
Diluted EPS −$0.09 $6.39 $8.13 −$5.31 $3.87
Growth (year on year)
Revenue — +>999% +99.0% −72.0% +92.3%
Net income — — +27.1% −182.8% —
Diluted EPS — — +27.2% −165.3% —
Margins
Gross margin 78.0% 49.4% 31.8% 52.8% 74.6%
Net margin −56.1% 22.5% 14.4% −42.5% 34.9%
Free-cash-flow margin 4.0% −4.2% −5.1% 18.7% −67.8%
Cash flow
Cash from operations 0 0 −1 1 −6
Capital spending 0 0 0 0 0
Free cash flow 0 −0 −1 1 −6
Stock-based pay — — — — 2
Free cash flow after stock pay — — — — −8
Balance sheet
Cash 0 0 0 0 2
Total debt 0 0 1 0 0
Net debt (negative = net cash) −0 −0 1 −0 −2
Diluted shares — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $29m
Short-term assets $17mLonger-term assets $12m
What it owes, and who funded it · $29m
Short-term liabilities $2mLonger-term liabilities $0mShareholders' equity $28m
  • Short-term assets cover short-term liabilities $17m of assets due within a year against $2m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $17m short-term assets against $35,231 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Top Wealth Group Holding Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+116.5%
year over year
Days sales outstanding
370 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in packaged foods & meats
Last 12 months unless stated TWG BOF BRFH RMCF DDC LSF Median
Revenue, last 12 months $9m $14m $20m $27m $38m $81m $1.5bn
Revenue growth, last 12 months 92.3% 42.2% 82.1% −9.7% 0.4% 73.3% 2.1%
Revenue growth, 3-year average — 170.9% 39.0% −3.3% — 34.3% 1.5%
Revenue growth, latest quarter — 36.1% 189.7% −2.5% — 244.4% −1.8%
Gross margin 74.6% 9.6% 13.0% 23.8% 31.4% 32.4% 25.6%
Operating margin — −52.6% −18.9% −18.7% −90.0% −9.4% 3.1%
Operating margin, 3-year average — −54.7% −25.1% −16.6% — −7.7% 4.8%
Net margin 34.9% −56.8% −17.9% −22.3% −130.2% −3.4% 2.1%
Cash from operations / revenue −67.8% −55.4% −15.7% −8.0% −101.3% −1.3% 8.0%
Free-cash-flow margin −4.2% −62.2% −20.7% −10.2% −101.3% −3.0% 3.9%
Free-cash-flow margin, 3-year average — −71.3% −25.3% −19.7% — −6.5% 5.7%
Stock pay / revenue 18.2% 4.8% 2.5% 1.6% 79.7% 1.9% 0.6%
Change in share count 116.5% — 6.3% 15.6% — 6.2% 0.0%

Median of all 44 companies we cover in packaged foods & meats. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 packaged foods & meats companies
Measure Company Peer median Rank
Revenue growth Growth 92.3% 2.2% 2 of 44
Change in growth rate Growth +164.3pp -1.0pp 2 of 44
Gross margin Profitability 74.6% 25.6% 1 of 43
Net margin Profitability 34.9% 2.3% 1 of 44
Stock pay as % of revenue Cash generation 18.2% 0.6% 38 of 39
Change in share count Balance sheet 116.5% 0.1% 40 of 40
Days sales outstanding Balance sheet 370 days 33 days 35 of 35

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

13F filings for June 30, 2026
Reported value
$108,799
Institutions reporting
3
Shares held vs prior quarter
▼ 10.4%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Marex Group Ltd $106,836 49K 98.2% ▼ 11.3%
UBS Group AG $1,945 1K 1.8% ▲ 117.2%
Caitong International Asset Management Co., Ltd $18 0K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Top Wealth Group Holding Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Top Wealth Group Holding Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Top Wealth Group Holding Ltd in brief

What does Top Wealth Group Holding Ltd do?
Top Wealth Group Holding Ltd is a US-listed company in the packaged foods & meats industry. Its financial year ends in December.
What is Top Wealth Group Holding Ltd's stock ticker?
Top Wealth Group Holding Ltd trades under the ticker TWG on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Top Wealth Group Holding Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Top Wealth Group Holding Ltd reported revenue of $9.1M, 92.3% higher than a year earlier, according to its SEC filings.
Who are Top Wealth Group Holding Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Marex Group Ltd, UBS Group AG and Caitong International Asset Management Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Top Wealth Group Holding Ltd's market cap?
On December 31, 2025, Top Wealth Group Holding Ltd's market capitalisation was about $271M, with a price-to-earnings ratio of 85.0 and net debt of -$2.2M. Market figures come from third-party market data and may be delayed.
Who are Top Wealth Group Holding Ltd's competitors?
In our Packaged Foods & Meats peer group, the companies closest to Top Wealth Group Holding Ltd are Branchout Food Inc., Barfresh Food Group Inc., Rocky Mountain Chocolate Factory, Inc., DDC Enterprise Ltd and Laird Superfood, Inc. The side-by-side comparison below sets their revenue, margins and growth against Top Wealth Group Holding Ltd's.