TROOPS, Inc. is classed by the SEC under Miscellaneous Business Credit Institution (industry code 6159), based in New Territories Hong Kong, CN. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $17 million and a loss of $28 million (its filed statements).
Lending businessMiscellaneous Business Credit InstitutionNew Territories Hong Kong, CNfilings since 20077 of 9 filed, 2 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a lending business: prior from its industry code (SEC 6159, Miscellaneous Business Credit Institution); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.3 out of ten, 7 of 9 metrics filed and 2 estimated: past 3.7 out of ten, present 4.3 out of ten, future 5.0 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 5.3 out of ten. 5 warning events since 2017; the latest 2022-04-29. 53rd percentile among 20 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 2.2 out of ten. +14.5% a year over 10 filed years; profitable in 0 of 10. 22nd percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 2.5 out of ten. CrossAssetData estimate 2.5/10, confidence 35 of 100 (one part). 25th percentile among 19 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 4.4 out of ten. ROE -57%: lost 57¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar. 44th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 3.6 out of ten. bottom 36% of 19 in its family; net margin -163.2%. 36th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 5.3 out of ten. CrossAssetData estimate 5.3/10, confidence 20 of 100 (family median). 50th percentile among 16 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
Room to expand (future): 5.9 out of ten. top 41% of 19 in its family for room to expand. 59th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 6.4 out of ten. top 36% of 19 in its family for growth drivers. 64th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 2.8 out of ten. bottom 28% of 17 in its family for expectations against reality. 28th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 20-F filed 2026-04-30 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2009-11-13 for the period ended 2009-09-30 (on EDGAR). Newest filing: Form SCHEDULE 13D, 2026-09-24. Filings on record since 2007. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Insurance Consultancy Services 75%, Interest On Loans 13%, Property Lease and Management 8%, Technology Service 3%, Advisory and Referral Services 1%. By geography: Hong Kong 98%, China 1%, Australia 1%. As tagged in its annual report (Form 20-F, filed 2026-04-30).
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