Filing Flows › TOP Financial Group (TOP) › Q2 FY27
TOP Financial Group (TOP) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 28, 2026
TOP Financial Group (TOP) reported revenue of $2.2M for the second quarter fiscal 2027 (Q2 FY27), +44% from a year earlier and +105% from the quarter before. Operating margin was 12.4%, net earnings $274K (12.4% of revenue).
TOP Financial Group, Q2 FY27: revenue $2.2M (+44% year over year), operating margin 12.4%, net earnings $274K, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | +105% | +44% |
| Operating profit | $274K | — | +162% |
| Net earnings | $274K | — | +162% |
| Operating cash flow | −$8.4M | -240% | — |
What changed
Revenue was $2.2M in Q2 FY27, up 44% year over year and up 105% from the previous quarter. Interest income from loan business was the largest line at 63% of revenue. Interest income from loan business added $1.1M year over year (up 483%), 170% of the total change. Commission on futures broking from overseas Exchanges declined 80%.
Operating profit was $274K, a 12.4% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 7% margin then. Total costs grew 35% against revenue growth of 44%. Net earnings were $274K, up 162% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$8.4M. Non-cash charges added back $59K of depreciation. Working capital and other items used $8.8M. Capital expenditures of $7K exceeded it, leaving free cash flow of −$8.4M.
Questions
What was TOP Financial Group's revenue in the second quarter fiscal 2027?
TOP Financial Group (TOP) reported revenue of $2.2M for the second quarter fiscal 2027 (Q2 FY27), +44% from a year earlier and +105% from the quarter before.
Was TOP Financial Group profitable in the second quarter fiscal 2027?
Operating profit was $274K (12.4% of revenue) and net earnings $274K.