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Stock Ratings / Consumer Discretionary / TOPS / earnings
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TOP Ships Inc. (TOPS) Next Earnings Date & Expected ±12.5% Move

$0.32 +6.04% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.32

TOP Ships Inc. (TOPS) carries a Roarable Rating of D- (Sell) with 36/100 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- • RED ALERT Cap $3.7M
📤 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 TOPS Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TOPS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, TOP Ships Inc. (NYSE: TOPS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $0.32 (+6.04% 1D, market cap $3.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, TOPS ranks #787 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TOPS compare to ICON and HTCO in the Consumer Discretionary sector?
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Within the Consumer Discretionary sector (Marine Transportation), TOPS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 7.6%. By comparison, ICON (Icon Energy Corp.) holds a D grade (44/100 RQD, P/E N/A, ROIC 0.8%, cap $3.9M) and HTCO (High-Trend International Group (Class A)) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $8.9M). Among the 5-stock peer group, TOPS leads on earnings multiple (N/A) while TOPS leads on capital efficiency (7.6% 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 TOPS?
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Per TOPS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001296484), TOP Ships Inc. generated $80.4M in revenue (+2.9% YoY), $0 in net income, and $26.4M in free cash flow against $333.6M in total assets and $204.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. 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: $0.32 (+0.90%)🧬 Disciplined Float (+0.16% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 32.9% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (36/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-8.3% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510036
2-of-3 JEV AI Jury Bearish Warning
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 E
Cash (12)Whales (5)SEC (5)Macro (7)CEO (7)
Each axis scored 0–20
12M PRICE TARGET CONE-9.4% Base Target
$8 Bull$0 Base$0 Bear
📬 FREE TOPS RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TOPS)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (36/100 Composite)
🔍 WHY TOPS SCORES 36/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+12/20 pts (33% of score)

SEC XBRL FY 2025 (10-K): 32.9% FCF Margin ($26.4M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Macro Regime Fit+7/20 pts (19% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 23.7 (OVERSOLD (<32))

▼ #1 Drag / Risk Factor: SEC 10-K Forensic Risk5/20 pts (-15 pt drag)

Balance-sheet & 10-K footnote risk deducts 15 pts from forensic ceiling

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
44
Grade D$0.47-10.6% Next Q
Q2 (-2Q)
41
Grade D$0.42-26.2% Next Q
Q3 (-1Q)
39
Grade E$0.31+3.2% Next Q
Current
36
Grade D-$0.32-8.3% Hist 90D α
Trajectory: D (44) → D- (36)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 TOPS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While TOPS currently carries a cautious 36/100 (D-) rating due to SEC 10-K Forensic Risk (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.58) and Max Pain ($0.34) forces dealer call-delta covering toward $7.77.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.16% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TOPS• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “TOPS Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 36%NO 64%Trade / Inspect Odds →
NEXT EST. WINDOW: Dec 30, 2026 (~56 DAYS)

Historical OHLCV Volatility ±12.5% Swing Band

±$0.04 Expected Swing
$1.00 (-12.5%)Spot $0.32$0.36 (+12.5%)
MODEL EARNINGS SETUP GAUGE

TOPS Quantitative Pre-Earnings Setup: 36/100

Trailing EPS: $4.25 • YoY Revenue Growth: 12.4%

Model Bullish Setup (36/100)Model Risk Weight (64/100)
Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).
LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

PeriodFiledRevenueNet ProfitFree Cash FlowGross Margin
FY 20252025-12-31$80.4M$0$26.4M52%
FY 20242024-12-31$78.1M$0$17.3M52%
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 TOPS)

  • ✓Walkthrough of TOPS'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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TOPS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -85.39%🛡️ HOLDING TREND SUPPORT
2026-11-03O $0.30H $0.32L $0.30C $0.32VOL 427.4K
RES: $1.58SUP: $0.25SMA50: $0.58SMA200: $1.93
$5.37$3.99$2.61$1.22$-0.16RES $1.58SUP $0.25$0.322026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

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

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

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

Reverse-DCF Expectations Hurdle
-3.2%/yr Implied 5Y Growth

vs. +2.9% 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 TOPS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

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

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for TOPS 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 (TOPS)

Consumer Discretionary Rank #787 of 1009 ⚔️ ICON vs TOPS Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (TOPS vs. ICON, HTCO, CISS, CTRM)

Industry: Marine Transportation (67 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, TOP Ships Inc. (TOPS) ranks #787 by composite RQD confidence (36/100, grade D-) and #977 by equity capitalization ($3.7M). Within this direct 5-issuer industry benchmark cohort, TOPS leads on earnings valuation at N/A trailing P/E, while TOPS leads on capital efficiency and profitability with 7.6% ROIC and — gross margin. HTCO currently holds the highest overall quantitative score in the immediate peer group at 45/100 (D) compared with TOPS at 36/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
TOPS ACTIVE
TOP Ships Inc.
D- 36/100 — — 7.6% +6.04% $3.7M Benchmark Subject
ICON
Icon Energy Corp.
D 44/100 — — 0.8% -0.97% $3.9M /icon-vs-tops →
HTCO
High-Trend International Group (Class A)
D 45/100 — 3.2% — 0.00% $8.9M /htco-vs-tops →
CISS
C3is Inc.
E 27/100 — — 1.1% +1.02% $741.0K /ciss-vs-tops →
CTRM
Castor Maritime Inc.
D- 40/100 — — -3.9% -0.69% $14.0M /ctrm-vs-tops →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2024–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001296484 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), TOP Ships Inc. (TOPS) reported GAAP revenue of $80.4M (+2.9% vs. FY2024 revenue of $78.1M ) , GAAP net income of $0, operating cash flow of $26.4M, and free cash flow of $26.4M (+52.6% YoY). On the balance sheet, TOPS closed FY2025 with $333.6M in total assets against $204.8M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 3/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $80.4M $0 $26.4M $26.4M $333.6M $204.8M
FY2024 (FY) 2024-12-31 $78.1M $0 $17.3M $17.3M $422.8M $245.1M

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

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

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

As of 2026-11-03, TOP Ships Inc. (NYSE: TOPS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $0.32 (+6.04% 1D, market cap $3.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 7/20. Across 1009 tracked Consumer Discretionary issuers, TOPS ranks #787 in composite RQD confidence.

How does TOPS compare to ICON and HTCO in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Marine Transportation), TOPS carries a Roarable D- (36/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 7.6%. By comparison, ICON (Icon Energy Corp.) holds a D grade (44/100 RQD, P/E N/A, ROIC 0.8%, cap $3.9M) and HTCO (High-Trend International Group (Class A)) posts a D grade (45/100 RQD, P/E N/A, ROIC —, cap $8.9M). Among the 5-stock peer group, TOPS leads on earnings multiple (N/A) while TOPS leads on capital efficiency (7.6% ROIC).

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

Per TOPS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001296484), TOP Ships Inc. generated $80.4M in revenue (+2.9% YoY), $0 in net income, and $26.4M in free cash flow against $333.6M in total assets and $204.8M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. 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 TOPS trading relative to its 50-day, 200-day, and 52-week technical levels?

TOPS last traded at $0.32 (+6.04% on volume of 295,935 shares), positioning the stock -44.83% below its 50-day simple moving average ($0.58) and -83.42% below its 200-day simple moving average ($1.93). Across its 52-week range of $0.27 to $7.40, TOPS sits at the 0.7% percentile with a 14-day RSI of 23.7 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.00 to $0.36).

Direct Sub-Reports: TOPS RQD Cockpit TOPS 12M Forecast TOPS Earnings & Move TOPS Dividends & DRIP TOPS Insiders & 13F TOPS Whale Options TOPS Profit Sankey TOPS News & Why
ROARABLE RATING BRIEF • RQD 36/100 (D-) ✓ SEC XBRL & RQD VERIFIED

TOPS — TOP Ships Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

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

TOP Ships Inc. (TOPS) earns a live Roarable RQD composite score of 36/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $0.32 (+6.04% 1D, market capitalization $3.7M).

  • Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of 7.6%, gross margin of —, operating margin of 32.7%, and free cash flow yield of —.
  • Whale 13F & Options Flow (5/20) + Insider Conviction (7/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (7/20) + Forensic Balance Sheet (5/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.20, Piotroski F-Score of 3/9, and Debt/Equity of 2.30x.

2. Business Model, Unit Margins & SEC Financial Trajectory

TOP Ships Inc. Is classified in the Consumer Discretionary sector and the Marine Transportation industry, listed on the NYSE (per the company profile). The profile does not describe specific products, customers, or revenue-generation mechanics beyond the sector and industry classification. Revenue is reported in the SEC financials (FY 2025: $80.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), TOP Ships Inc. (TOPS) reported $80.4M in annual revenue (up from $78.1M in FY2024, +2.9% YoY) and $0 in GAAP net income. Over the multi-year SEC filing window from FY2024 ($78.1M revenue, $0 net income) through FY2025, TOPS scaled operating cash flow to $26.4M and free cash flow to $26.4M, backed by $333.6M in total assets against $204.8M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 36/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 5/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $0.27 – $7.40 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 and 7.2x EV/EBITDA against 32.7% operating margins and a 1.00x macro beta.

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

Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are therefore — The investor-relevant ripple that can be inferred from the news feed is the sequence of a convertible-note offering followed by a reverse split, which is a capital-structure chain rather than a supply-chain one; its magnitude is not quantified in the sources.

  • Key Question #1: Can TOPS sustain or expand its 32.7% operating margin and 7.6% ROIC against Marine Transportation peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $80.4M and free cash flow of $26.4M, how will capital allocation balance growth reinvestment against $204.8M in total debt?
  • Key Question #3: How sensitive is TOPS's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

TOPS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for TOP Ships Inc. (TOPS) • Click "Debate This Headline" to argue it in the Roar Pit below

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

TOPS Bull vs. Bear Conversation Board — What's Your Call at $0.32?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TOPS 🐻 33% BEARISH CONVICTION
1. Pick Your Side on TOPS:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $0.38 (+26.7%)
📌 Pinned Debate

Operating income of $26.3M on a 32.7% operating margin and 7.6% ROIC show the underlying operations generate meaningful earnings power

Don't sleep on TOPS's setup in Consumer Discretionary. Operating income of $26.3M on a 32.7% operating margin and 7.6% ROIC show the underlying operations generate meaningful earnings power despite the weak balance sheet.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (36/100) backs up the fundamental quality.

SectorRotator 🐂 BULL

@DeepValue_CFA Agree on the RQD 36/100 quality, though with 1.0 beta I'm scaling in with half-size at $0.30 and keeping dry powder in case we test $0.28.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $0.24 (-20.0%)
Spot @ $0.30

An Altman Z-Score of 0.2, Piotroski F-Score of 3/9, and a $5.0 Million convertible-note offering signal acute financial-distress and di

Fading this rally in TOPS at $0.30. An Altman Z-Score of 0.2, Piotroski F-Score of 3/9, and a $5.0 Million convertible-note offering signal acute financial-distress and dilution risk.. With a beta of 1.0 and the stock sitting at $0.30 (52-wk range $0.27–$7.40), the easy multiple expansion is already priced in.

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