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TROOPS, Inc. (TROO)
USD2.13
+0.05 (+2.40%)
HK NASDAQ Technology Software - Application
Address
8 Fui Yiu Kok Street
Tsuen Wan, HK
Tsuen Wan, HK
CEO
Damian Thurnheer
Website
troops.co
IPO
2008-04-09
CIK 1412095 ISIN KYG9094C1042
Description
TROOPS, Inc., established in 2005 and headquartered in Tsuen Wan, Hong Kong, conducts a multi-faceted business primarily across Hong Kong and Australia. The company engages in financial services, extending credit for various purposes, including mortgages, personal loans, and corporate financing. Beyond traditional lending, it manages a digital financial platform accessible via a mobile application, designed to connect financial institutions with consumers and offer diverse financial technology solutions, such as API services. Additionally, TROOPS provides a suite of technology services, encompassing the development of software-as-a-service (SaaS) products and mobile applications, project and API-focused consulting, and ongoing maintenance and support. The firm also allocates capital to real estate assets and delivers property leasing and management services. Notably, the company operated under the name SGOCO Group, Ltd. until its rebranding to TROOPS, Inc. in November 2021.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD2.13
+0.05 (+2.40%)
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Volume Profile
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Liquidity & share structure
Average Volume
353.9K
Beta
3.66
Float Shares
44.51M
Free Float %
41.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.47% | -0.72% | +76.17% | +8.38% | +223.44% | +29.38% | +613.79% | +11.29% | +157.14% | +10.99% | -85.24% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
2.13
Ratings Trend (MoM)
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
9.77
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Software - Application: +13.0%+69.7% ★ Q4'25: +446.2% (vs Q4'23)
-
EPS growth Software - Application: +28.6%-76.9% Q4'25: -3,135.3% (vs Q4'23)
-
FCF margin FCF growth · Software - Application: +45.3%-63.0% Q4'25: +0.0% (vs Q4'23)
-
EBIT margin Software - Application: +9.4%-172.0% Q4'25: -163.1% (vs Q4'23)
-
ROIC Software - Application: +7.5%-65.3% Q4'25: -130.7% (vs Q4'23)
-
Share dilution Software - Application: +0.0%+18.1% Q4'25: +20.2% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×0.00× Q4'25: 0.00× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2022 actual |
Dec 2023 actual |
|---|---|---|
| Revenue |
3.88M
est: 3.88M (+0.0%)
|
3.57M
est: 7.75M (-53.9%)
|
| EBITDA |
1.63M
est: -706.2K (+330.4%)
|
319.0K
est: -1.41M (+122.6%)
|
| EBIT |
-343.0K
est: -2.84M (+87.9%)
|
-1.80M
est: -5.68M (+68.4%)
|
| Net Income |
-346.0K
|
-1.72M
|
| SGA |
2.19M
est: 2.87M (-23.8%)
|
2.75M
est: 5.75M (-52.1%)
|
| EPS |
0.00
|
-0.02
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-01 | C | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 1/5 |
| 2026-04-30 | B- | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-04-29 | B- | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-04-28 | B- | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-04-27 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-04-24 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-04-23 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-22 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-21 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-20 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-17 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-16 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
113.85M
OE per share TTM
1.12
Owner's Yield
22.84%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
1,103.0%
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
7
Total invested
434.4K
Insider transactions (90d)
0
Beneficial owners (>5%)
24
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sun Zone Investments Limited | 9.44M | 54.70% | — | 9.44M | — | 10.00 | CO | British Virgin Islands | 2012-02-06 | ↗ |
| 2 | Tin Man Or | 9.44M | 54.70% | — | 9.44M | — | 10.00 | IN | Hong Kong | 2012-02-06 | ↗ |
| 3 | BARCLAYS GLOBAL INVESTORS, NA. | 8.69M | 7.88% | 1.74M | — | 1.74M | — | BK | Nevada | 2015-11-09 | ↗ |
| 4 | Sze Kit Ting | 2.86M | 16.60% | 2.86M | — | 2.86M | 10.00 | IN | Hong Kong | 2012-02-06 | ↗ |
| 5 | Sun Yuet Wo | 1.90M | 19.80% | 1.90M | — | 1.90M | — | IN | Hong Kong | 2017-03-02 | ↗ |
| 6 | Conqueror Limited | 1.16M | 12.10% | 1.16M | — | 1.16M | — | CO | British Virgin Islands | 2017-02-17 | ↗ |
| 7 | Ming Suen Jorine Or | 1.00M | 5.80% | 1.00M | — | 1.00M | — | IN | Hong Kong | 2012-02-06 | ↗ |
| 8 | Shuk Yu Wong | 1.00M | 5.80% | 1.00M | — | 1.00M | — | IN | Hong Kong | 2012-02-06 | ↗ |
| 9 | HBK Investments L.P. | 423.9K | 11.00% | — | 423.9K | — | 423.9K | IA | Delaware | 2009-01-28 | ↗ |
| 10 | HBK Management LLC | 423.9K | 11.00% | — | 423.9K | — | 423.9K | HC | Delaware | 2009-01-28 | ↗ |
| 11 | HBK Master Fund L.P. | 423.9K | 11.00% | — | 423.9K | — | 423.9K | PN | Delaware | 2009-01-28 | ↗ |
| 12 | HBK New York LLC | 423.9K | 11.00% | — | 423.9K | — | 423.9K | IA | Delaware | 2009-01-28 | ↗ |
| 13 | HBK Partners II L.P. | 423.9K | 11.00% | — | 423.9K | — | 423.9K | HC | Delaware | 2009-01-28 | ↗ |
| 14 | HBK Services LLC (1) | 423.9K | 11.00% | — | 423.9K | — | 423.9K | IA | Delaware | 2009-01-28 | ↗ |
| 15 | Platinum Partners Value Arbitrage Fund LP | 399.6K | 7.99% | 399.6K | — | 399.6K | — | PN | Cayman Islands | 2008-03-19 | ↗ |
| 16 | Loeb Arbitrage Fund | 367.5K | 6.94% | 367.5K | — | 367.5K | — | PN | New York | 2010-02-12 | ↗ |
| 17 | DANIEL SAKS | 367.5K | 6.90% | — | 367.5K | — | 367.5K | IN | UNITED STATES | 2008-07-03 | ↗ |
| 18 | ETHAN BENOVITZ | 367.5K | 6.90% | — | 367.5K | — | 367.5K | IN | UNITED STATES | 2008-07-03 | ↗ |
| 19 | GENESIS CAPITAL ADVISORS LLC | 367.5K | 6.90% | — | 367.5K | — | 367.5K | OO | DELAWARE | 2008-07-03 | ↗ |
| 20 | JAIME HARTMAN | 367.5K | 6.90% | — | 367.5K | — | 367.5K | IN | UNITED STATES | 2008-07-03 | ↗ |
| 21 | Bulldog Investors, Phillip Goldstein and Andrew Dakos | 300.0K | 5.66% | 234.0K | — | 300.0K | — | IA | U.S.A | 2008-08-01 | ↗ |
| 22 | Loeb Arbitrage Management, LLC | 79.1K | 1.49% | — | 79.1K | — | — | IA | Delaware | 2009-11-10 | ↗ |
| 23 | Loeb Arbitrage Management LP | 51.5K | 0.97% | — | 51.5K | — | — | IA | Delaware | 2010-02-12 | ↗ |
| 24 | Loeb Offshore Fund Ltd. | 37.3K | 0.70% | 37.3K | — | 37.3K | — | CO | Cayman Islands | 2010-02-12 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2025 Q4
Investors holding
7
+0 vs prev Q
New positions
3
Closed positions
3
Increased
5
Reduced
0
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 59.3K +— (+0.0%) | 189.7K +113.2K (+148.1%) | 0.05% -0.007 pp | 0.00% +0.000 pp | USD4.60 -30.4% | 17 qtrs — |
| 2 | XTX TOPCO LTD | 36.7K +14.3K (+63.8%) | 117.3K +88.4K (+306.4%) | 0.03% +0.010 pp | 0.00% +0.002 pp | USD2.03 +57.6% | 4 qtrs — |
| 3 | GOLDMAN SACHS GROUP INC | 22.6K +22.6K (+100.0%) | 72.4K +72.4K (+100.0%) | 0.02% +0.020 pp | 0.00% +0.000 pp | USD3.20 +0.0% | 1 qtrs NEW |
| 4 | TWO SIGMA INVESTMENTS, LP | 17.1K +17.1K (+100.0%) | 54.6K +54.6K (+100.0%) | 0.01% +0.015 pp | 0.00% +0.000 pp | USD3.20 +0.0% | 1 qtrs NEW |
| 5 | GROUP ONE TRADING, L.P. | 106.00 +100.0 (+1,666.7%) | 339.00 +331.0 (+4,137.5%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD3.08 +3.9% | 2 qtrs — |
| 6 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 8.00 +8.0 (+100.0%) | 26.00 +26.0 (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD3.13 +2.2% | 1 qtrs NEW |
| 7 | SBI SECURITIES CO., LTD. | 7.00 +— (+0.0%) | 22.00 +13.0 (+144.4%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD1.57 +103.8% | 5 qtrs — |
| 8 | SIMPLEX TRADING, LLC | — -2.1K (-100.0%) | — -2.0K (-100.0%) | 0.00% -0.002 pp | 0.00% +0.000 pp | USD— | 2 qtrs SOLD |
| 9 | CITADEL ADVISORS LLC | — -20.1K (-100.0%) | — -25.9K (-100.0%) | 0.00% -0.020 pp | 0.00% +0.000 pp | USD— | 3 qtrs SOLD |
| 10 | MORGAN STANLEY | — -2.6K (-100.0%) | — -3.3K (-100.0%) | 0.00% -0.003 pp | 0.00% +0.000 pp | USD— | 17 qtrs SOLD |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
-700.2K
Shares Outstanding
108.11M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Chung Hang Lui | Chief Financial Officer | 15.2K | male |
| Damian Thurnheer | President & Chief Executive Officer | — | male |
| Kathy Ko | Investor Relations Officer | — | — |
| Wing Ling Lui | Chief Technology Officer | — | male |
ESG Rating
ESG Score History SOFTWARE - APPLICATION
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for TROO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
