TROOPS (TROO) Financial Statements & Analysis

TROOPS Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TROOPS, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	17.10	10.07	3.57	3.88	3.68	4.29	5.53	1.58	0.05
Cost of Revenue	15.53	8.13	2.79	2.08	3.32	5.36	4.12	2.64	1.34
Gross Profit	1.56	1.94	0.78	0.82	0.36	-1.07	1.41	-1.06	-1.29
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	18.25	3.96	2.75	2.19	2.74	2.62	4.35	2.39	3.57
Operating Expenses	18.25	7.67	2.75	-1.36	4.22	64.30	3.57	2.55	3.57
Operating Income	-16.69	-5.73	-1.98	2.18	-3.86	-67.34	-2.00	-14.32	-11.87
Other Income/Expense
Interest Income	0.06	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.13
Interest Expense	0.00	0.00	0.06	-0.06	0.10	1.02	0.00	0.06	0.01
Other Income/Expense	-12.72	-7.66	0.17	0.13	0.27	-0.89	0.20	0.60	-0.03
Income
Income Before Tax	-29.41	-13.39	-1.86	-0.40	-8.54	-68.23	-41.69	-13.86	-11.89
Income Tax Expense	-1.50	0.03	-0.14	-0.06	-0.13	-0.31	-4.64	-0.31	-0.68
Net Income	-27.91	-13.41	-1.72	-0.35	-8.41	-67.92	-37.05	-12.37	-11.21
Net Income - Continuous Operations	-27.91	-13.41	-1.72	-0.35	-8.41	-67.92	-37.05	-12.37	-11.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-27.11	-11.18	0.32	1.57	-6.30	-62.41	1.55	-0.85	-7.74
EBIT	-16.09	-13.39	-1.80	-0.40	-8.44	-67.34	-	-	-
Depreciation & Amortization	2.29	2.21	2.12	1.97	2.13	4.80	2.08	2.38	1.40
Earnings Per Share
Basic EPS	-	-	-	-	-	-1.00	-	-	-1.00
Diluted EPS	-	-	-	-	-	-1.00	-	-	-1.00
Basic Shares Outstanding	120.71	102.24	101.60	101.60	101.56	98.11	79.20	35.08	11.29
Diluted Shares Outstanding	120.71	102.24	101.60	101.60	101.56	98.11	79.20	35.08	11.34

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About TROOPS Financial Statements

What was TROOPS's revenue in fiscal 2025?

TROOPS reported revenue of $17.10M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 69.7% from $10.07M a year earlier.

Is TROOPS profitable?

No. TROOPS reported a net loss of $27.91M in fiscal 2025. In fiscal 2024 it lost $13.41M.

What is TROOPS's operating margin?

TROOPS's operating income was −$16.68M on revenue of $17.10M in fiscal 2025, an operating margin of -97.6%, compared with -56.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition