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TOP Financial Group Limited (Class A) (TOP) — RQD Stock Rating Cockpit

$10.86 -2.25% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.80

TOP Financial Group Limited (Class A) (TOP) carries a Roarable Rating of D (Sell) with 50/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $1.37B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on TOP Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TOP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, TOP Financial Group Limited (Class A) (NASDAQ: TOP) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 50/100 at a spot price of $10.86 (-2.25% 1D, market cap $1.37B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 11/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 7/20. Across 1097 tracked Financials issuers, TOP ranks #648 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TOP compare to MUA and BKT in the Financials sector?
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Within the Financials sector (Investment Bankers/Brokers/Service), TOP carries a Roarable D (50/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, MUA (Blackrock MuniAssets Fund Inc) holds a D grade (47/100 RQD, P/E N/A, ROIC —, cap $1.46B) and BKT (BlackRock Income Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.47B). Among the 5-stock peer group, UROY leads on earnings multiple (32.5x) while TOP leads on capital efficiency (— ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TOP?
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Per TOP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001848275), TOP Financial Group Limited (Class A) generated $4.7M in revenue (+41.9% YoY), -$1.2M in net income, and $13.1M in free cash flow against $64.1M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $10.80 (-0.59%)🧬 Dilution Drag (+1.36% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 277.8% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 50/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.4% avg 90D alpha vs SPY • 49.3% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D
025507510050
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+
Cash (15)Whales (7)SEC (11)Macro (10)CEO (7)
Each axis scored 0–20
12M PRICE TARGET CONE-3.6% Base Target
$18 Bull$10 Base$8 Bear
📬 FREE TOP RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TOP)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (50/100 Composite)
🔍 WHY TOP SCORES 50/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+15/20 pts (30% of score)

SEC XBRL FY 2025 (10-K): 277.8% FCF Margin ($13.1M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+11/20 pts (22% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution7/20 pts (-13 pt drag)

Dilution Drag (+1.36% YoY Shares) & executive Form 4 sales trim 13 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
58
Grade C$15.11-1.3% Next Q
Q2 (-2Q)
55
Grade C$14.91+3.6% Next Q
Q3 (-1Q)
53
Grade C-$15.44-29.7% Next Q
Current
50
Grade D$10.86-1.4% Hist 90D α
Trajectory: C (58) → D (50)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a TOP Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TOP currently carries a cautious 50/100 (D) rating due to Insider Conviction & Share Dilution (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.98) and Max Pain ($11.40) forces dealer call-delta covering toward $18.29.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TOP• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “TOP Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”
YES 50%NO 50%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
37.630 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCORESOLID CORE (5–6)
5 / 99-Pt Accounting
52-WEEK LASER RANGE54% OF RANGE
L: $3$10.86H: $17
1. Money & Cash Health● HEALTHY
Are profits real cash in the bank?

Real cash coming in backs up reported profits (steady margins and healthy balance-sheet cushion).

Factor Grade: BRQD 15 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: D-RQD 14 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D+RQD 21 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on TOP

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BULLISH (75)

14.0% ROIC with 42.0% gross margin and 0.74% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
NEUTRAL (55)

Altman-Z 4.20 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (40)

14/40 institutional & smart-money positioning score with 10/20 macro alignment.

Bull Case: Why Buyers Like TOP
  • ✓Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TOP)

  • ✓Walkthrough of TOP's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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TOP // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +171.50%▼ SUPPORT BREAKDOWN
2026-11-03O $14.32H $14.32L $10.86C $10.86VOL 274.1K
RES: $16.55SUP: $12.51SMA50: $14.98SMA200: $8.61
$18.39$14.36$10.32$6.28$2.25RES $16.55SUP $12.51$10.862026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TOP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TOP Butterfly Map → + Track TOP →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +41.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on TOP today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TOP. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for TOP today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TOP)

Financials Rank #648 of 1097 ⚔️ MUA vs TOP Full Matrix →

1. Head-to-Head Financials Peer Comparison (TOP vs. MUA, BKT, UROY, MUC)

Industry: Investment Bankers/Brokers/Service (64 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, TOP Financial Group Limited (Class A) (TOP) ranks #648 by composite RQD confidence (50/100, grade D) and #503 by equity capitalization ($1.37B). Within this direct 5-issuer industry benchmark cohort, UROY leads on earnings valuation at 32.5x trailing P/E, while TOP leads on capital efficiency and profitability with — ROIC and — gross margin. UROY currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with TOP at 50/100 (D).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
TOP ACTIVE
TOP Financial Group Limited (Class A)
D 50/100 — — — -2.25% $1.37B Benchmark Subject
MUA
Blackrock MuniAssets Fund Inc
D 47/100 — — — -0.51% $1.46B /mua-vs-top →
BKT
BlackRock Income Trust Inc.
D 46/100 — — — +1.32% $1.47B /bkt-vs-top →
UROY
Uranium Royalty Corp.
D+ 53/100 32.5x — — -2.98% $1.26B /uroy-vs-top →
MUC
Blackrock MuniHoldings California Quality Fund Inc.
D 47/100 — — — -0.30% $1.51B /muc-vs-top →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-03-31 • CIK 0001848275 ↗

In its most recent audited fiscal period (FY2025, filed 2026-03-31), TOP Financial Group Limited (Class A) (TOP) reported GAAP revenue of $4.7M (+41.9% vs. FY2024 revenue of $3.3M , and -41.2% cumulative change since FY2023) , GAAP net income of -$1.2M, operating cash flow of $14.0M, and free cash flow of $13.1M (+190.7% YoY). On the balance sheet, TOP closed FY2025 with $64.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2026-03-31 $4.7M -$1.2M $14.0M $13.1M $64.1M —
FY2024 (FY) 2025-03-31 $3.3M -$6.0M -$14.5M -$14.5M — —
FY2023 (FY) 2024-03-31 $8.0M $1.1M $17.8M $17.8M — —

3. TOP Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TOP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, TOP Financial Group Limited (Class A) (NASDAQ: TOP) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 50/100 at a spot price of $10.86 (-2.25% 1D, market cap $1.37B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 11/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 7/20. Across 1097 tracked Financials issuers, TOP ranks #648 in composite RQD confidence.

How does TOP compare to MUA and BKT in the Financials sector?

Within the Financials sector (Investment Bankers/Brokers/Service), TOP carries a Roarable D (50/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, MUA (Blackrock MuniAssets Fund Inc) holds a D grade (47/100 RQD, P/E N/A, ROIC —, cap $1.46B) and BKT (BlackRock Income Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.47B). Among the 5-stock peer group, UROY leads on earnings multiple (32.5x) while TOP leads on capital efficiency (— ROIC).

What are the biggest fundamental strengths and SEC risk factors for TOP?

Per TOP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001848275), TOP Financial Group Limited (Class A) generated $4.7M in revenue (+41.9% YoY), -$1.2M in net income, and $13.1M in free cash flow against $64.1M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is TOP trading relative to its 50-day, 200-day, and 52-week technical levels?

TOP last traded at $10.86 (-2.25% on volume of 592,194 shares), positioning the stock -27.50% below its 50-day simple moving average ($14.98) and +26.13% above its 200-day simple moving average ($8.61). Across its 52-week range of $3.06 to $17.42, TOP sits at the 54.3% percentile with a 14-day RSI of 37.6 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($9.50 to $12.22).

Direct Sub-Reports: TOP RQD Cockpit TOP 12M Forecast TOP Earnings & Move TOP Dividends & DRIP TOP Insiders & 13F TOP Whale Options TOP Profit Sankey TOP News & Why
ROARABLE RATING BRIEF • RQD 50/100 (D) ✓ SEC XBRL & RQD VERIFIED

TOP — TOP Financial Group Limited (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-03-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

TOP Financial Group Limited (Class A) (TOP) earns a live Roarable RQD composite score of 50/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $10.86 (-2.25% 1D, market capitalization $1.37B).

  • Fundamental Cash Engine (15/20): Anchored by return on invested capital (ROIC) of —, gross margin of —, operating margin of -24.9%, and free cash flow yield of 0.74%.
  • Whale 13F & Options Flow (7/20) + Insider Conviction (7/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (10/20) + Forensic Balance Sheet (11/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 5/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

TOP Financial Group Limited (Class A) is a NASDAQ-listed issuer classified in the Financials sector and the Investment Bankers/Brokers/Service industry. The profile identifies the company as operating in this industry with a market capitalization of $1.8B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2026-03-31), TOP Financial Group Limited (Class A) (TOP) reported $4.7M in annual revenue (up from $3.3M in FY2024, +41.9% YoY) and -$1.2M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($8.0M revenue, $1.1M net income) through FY2025, TOP scaled operating cash flow to $14.0M and free cash flow to $13.1M, backed by $64.1M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D • RQD 50/100): Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Free cash flow yield of 0.74% and institutional whale pillar of 7/20. With Fundamental Cash Engine at 15/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $3.06 – $17.42 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -24.9% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Investment Bankers/Brokers/Service (Financials), TOP carries a macro regime beta of 1.00 and gross margin of —.

  • Key Question #1: Can TOP sustain or expand its -24.9% operating margin and — ROIC against Investment Bankers/Brokers/Service peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $4.7M and free cash flow of $13.1M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is TOP's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

TOP Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for TOP Financial Group Limited (Class A) (TOP) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TOP Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TOP Bull vs. Bear Conversation Board — What's Your Call at $10.86?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TOP 🐻 33% BEARISH CONVICTION
1. Pick Your Side on TOP:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
CA CashFlowKing RQD DEBATE OPENER • FCF Compounder Hunter 🐂 BULLISH 🎯 Target: $14.67 (+32.0%)
📌 Pinned Debate

Revenue grew from $3.3M in FY 2024 to $4.7M in FY 2025 while net loss narrowed from -$6.0M to -$1.2M.

Long TOP at $11.11 targeting $14.67. Revenue grew from $3.3M in FY 2024 to $4.7M in FY 2025 while net loss narrowed from -$6.0M to -$1.2M.. Institutional whale score is 7/20 and the risk/reward vs. the $3.06 52-week low is skewed heavily in favor of bulls.

RetailWhale_TX 🐂 BULL

@FadeTheHype Shorting a 7/20 institutional whale-flow stock at $11.11 is dangerous when funds are rotating into Financials.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $9.22 (-17.0%)
Spot @ $11.11

ROIC is 0%, the Insider Conviction pillar scores only 7 of 20, and operating margin is -24.9%.

I respect the product at TOP Financial Group Limited (Class A), but the stock at $11.11 is a different story. ROIC is 0%, the Insider Conviction pillar scores only 7 of 20, and operating margin is -24.9%.. FCF yield is 0.74% and RQD sits at 50/100 (D) — why pay up here when you can wait for next quarter's numbers?

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