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MARKETS / NASDAQ / LGHL
NASDAQ · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · SMALL CAP

Lion Group Holding Ltd. LGHL

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$2,583
▼ 99.8% YoY
$-5.0M
$-3.5M
In brief

What this company does

Lion Group Holding is one of the few Chinese investor-focused trading platforms that offer a wide spectrum of products and services. Its business lines include total return swap (TRS) trading business, contracts for difference (CFD) trading services, and Over-The-Counter (OTC) stock options trading business. The company provides these services through its all-in-one Lion Brokers Pro app and a variety of other apps available on iOS, Android, PC and Mac platforms. Its clients are mostly well-educated and affluent Chinese investors residing both inside and outside the PRC, excluding the United States. Its trading platform allows users to trade approximately 100 futures products on major futures exchanges worldwide, as well as stocks listed on the NYSE, Nasdaq and Hong Kong Stock Exchange, and PRC stocks eligible for Stock Connect.

Written from the business description in Lion Group Holding Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 2,583.00
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.0 · Net income -5.0
8M-20M20182019202020212022202320242025
Compound annual growth
−92.0%
−79.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −79.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−192345 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -192306.4% · Net -192345.2%
-50000%-100000%-150000%20182019202020212022202320242025
ROE
FY2025 · ROE -27.4%
50%100%-50%-100%20182019202020212022202320242025

Each USD of equity lost 27 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -3.5
2M4M-2M20182019202020212022202320242025

Total assetsUSD 54.6M
EquityUSD 25.6M
CashUSD 20.1M
Gross debtUSD 109,982.00
Net debtUSD -20.0M
Current ratio4.11×

The company holds more cash than debt.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0
EBITDA $B·−0.0−0.0−0.00.0−0.00.0−0.0
Income tax $B0.00.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.00.0−0.00.0−0.0
Free cash flow $B−0.0·0.0·····
EPS, diluted $−29.12−1701.75−3859.21−1748.71−13.53−0.251.16−0.39
Dividend / sh $········
Payout %········
ROE %−27.4−130.5−17.4−75.30.1−31.2126.8−48.0

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 3 failures in 25 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 51 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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