profit from every $100 of sales.
$0$100
Troops
$1.97-4.83% today
+58.9% in 1 year
1-year low $1.131-year high $5.02
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Troops sold, what it kept, and what it did with the cash.
Sales went from $3.88 million in 2022 to $17.1 million in 2025, with -$27.9 million of profit last year.
SalesProfit
Troops handed back more cash to shareholders than it generated last year.
Buybacks $4M
Free cash flow 2025$690,000
Bought back its own shares$4M
Paid as dividends–
Cash vs. debt$4M vs. $4,000
Troops vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Troops | No profit yet | ||
 Quhuo | No profit yet | ||
 SAP | 33.8× · Expensive | ||
 Shopify | 153.2× · Very expensive | ||
 Salesforce | 23.6× · Fair price |
AI analysis
An AI analyst reads Troops's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4 | 4 | 10 | 17 | |
| 1 | 1 | 2 | 2 | |
| -1 | -2 | -2 | -17 | |
| 2 | 0 | -11 | -27 | |
| -0 | -2 | -13 | -28 | |
| -0.01 | -0.02 | -0.13 | -0.23 | |
| 21.2% | 21.7% | 19.3% | 9.1% | |
| -35.3% | -55.4% | -20.0% | -97.6% | |
| -8.9% | -48.2% | -133.2% | -163.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 70 | 70 | 79 | 69 |
| Cash | 3 | 3 | 5 | 4 |
| Total debt | 0 | 0 | 0 | 0 |
| Total liabilities | 7 | 10 | 11 | 20 |
| 62 | 61 | 68 | 49 | |
| 102 | 102 | 102 | 121 | |
| -0.4% | -2.3% | -15.5% | -47.4% | |
| -0.6% | -2.8% | -19.7% | -56.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -0 | -7 | 2 | 1 | |
| 0 | 0 | 0 | 0 | |
| -1 | -7 | 2 | 1 | |
| Dividends paid | – | – | – | – |
| – | 0 | 0 | 4 | |
| 0 | 0 | – | – |
Valuation
- –
- –
- –
- 10.4×
- 14.1×
- 348.8×
- –
- 0.3%
- -11.6%
- 0.0%
Profitability
- 9.1%
- -97.6%
- -163.2%
- -97.6%
- -30.2%
- -18.7%
- -43.3%
- -40.4%
- -31.8%
- –
Growth
- +64.0%
- –
- −59.5%
- –
- +4.4%
Financial health
- -0.1×
- 0.00
- 0.0%
- –
- 0.92
- 0.92
- 0.25
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 3%of 974
Bottom 2%of 978
Top 3%of 983
Bottom 31%of 981
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | -0.22 | – | – |
| May 5, 2025 | -0.12 | – | – |
| Nov 19, 2024 | -0.01 | – | – |
| Apr 29, 2024 | -0.01 | – | – |
| Nov 20, 2023 | -0.01 | – | – |
| May 15, 2023 | 0.00 | – | – |
| Aug 9, 2022 | -0.01 | – | – |
| Dec 31, 2021 | -0.04 | – | – |
News
Crude oil jumps as U.S. reportedly sends third carrier, more troops to Middle EastSeeking Alpha · Oct 1, 2026Putin orders army expansion as Zelenskyy warns Russia preparing to deploy 10,000 North Korean troopsCNBC · Sep 29, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
17No pass
Benjamin Graham
23No pass
Philip Fisher
32No pass
Peter Lynch
71Pass
Joel Greenblatt
0No pass
Charlie Munger
18No pass
Terry Smith
18No pass
Questions about Troops
Is Troops a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Troops AI analysis
What does Troops do?
TROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans. It is in Software - Application.
Does Troops pay a dividend?
No. Troops does not pay a dividend at the moment; in 2025 it returned $3.96 million to shareholders by buying back its own shares.
Is Troops stock halal?
Yes. Troops passes our halal screen: its business is permitted and its debt is under 0.1% of its market value, under the 30% limit. How we check
How has Troops stock done over the past year?
Up 58.9% over the past twelve months, to $1.97. It traded between $1.13 and $5.02 and is 60.8% below its high.
Who are Troops's competitors?
The largest listed companies in the same industry are Quhuo, SAP, Shopify and Salesforce. The peers table on this page compares their profit, growth and price with Troops's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.