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Stocks · Industrials · Services-Business Services, NEC

Top KingWin Ltd

DPU Clue Score48
Cayman Islands Fiscal year ends December CIK 0001938865
$1.47 +1.38% Close, 9 Oct 2026
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Price $1.47 +27.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Apr 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue1.3Operating income0.4Net income0.3EPS, diluted0.03Fiscal year 2021Revenue6.3 +371.9%Operating income3.0Net income2.3 +579.1%EPS, diluted0.19Fiscal year 2022Revenue3.1 −50.4%Operating income−0.9Net income−0.8 −133.4%EPS, diluted−0.06Fiscal year 2023Revenue5.4 +74.5%Operating income−2.5Net income−2.5EPS, diluted−114.16Fiscal year 2024Revenue3.8 −31.2%Operating income−7.1Net income−8.7EPS, diluted−41.37Fiscal year 2025Revenue8.0 +114.3%Operating income−24.2Net income−24.0EPS, diluted−26.92
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.3 6.3 3.1 5.4 3.8 8.0
Growth +371.9% −50.4% +74.5% −31.2% +114.3%
Operating income 0.4 3.0 −0.9 −2.5 −7.1 −24.2
Net income 0.3 2.3 −0.8 −2.5 −8.7 −24.0
Growth +579.1% −133.4%
EPS, diluted 0.03 0.19 −0.06 −114.16 −41.37 −26.92

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin65.4%Operating margin28.5%Net margin25.5%Free cash flow margin4.1%Fiscal year 2021Gross margin78.4%Operating margin48.3%Net margin36.7%Free cash flow margin57.9%Fiscal year 2022Gross margin69.3%Operating margin−29.5%Net margin−24.7%Free cash flow margin−45.7%Fiscal year 2023Gross margin65.9%Operating margin−45.7%Net margin−46.8%Free cash flow margin−31.6%Fiscal year 2024Gross margin35.5%Operating margin−190.1%Net margin−231.4%Free cash flow margin−1,050.4%Fiscal year 2025Gross margin8.7%Operating margin−301.6%Net margin−298.8%Free cash flow margin−16.2%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 65.4% 78.4% 69.3% 65.9% 35.5% 8.7%
Operating margin 28.5% 48.3% −29.5% −45.7% −190.1% −301.6%
Net margin 25.5% 36.7% −24.7% −46.8% −231.4% −298.8%
Free cash flow margin 4.1% 57.9% −45.7% −31.6% −1,050.4% −16.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow0.2Capital expenditure−0.1Free cash flow0.1Fiscal year 2021Operating cash flow3.8Capital expenditure−0.1Free cash flow3.6 +6,568.0%Fiscal year 2022Operating cash flow−1.4Capital expenditure−0.0Free cash flow−1.4 −139.2%Fiscal year 2023Operating cash flow−1.6Capital expenditure−0.1Free cash flow−1.7Fiscal year 2024Operating cash flow−39.4Capital expenditure−0.0Free cash flow−39.4Fiscal year 2025Operating cash flow−1.3Capital expenditure−0.0Free cash flow−1.3
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.2 3.8 −1.4 −1.6 −39.4 −1.3
Capital expenditure −0.1 −0.1 −0.0 −0.1 −0.0 −0.0
Free cash flow 0.1 3.6 −1.4 −1.7 −39.4 −1.3
Growth +6,568.0% −139.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash0.2Shareholders’ equity0.4Fiscal year 2021Cash3.8Shareholders’ equity2.8Fiscal year 2022Cash2.7Shareholders’ equity1.9Fiscal year 2023Cash4.6Shareholders’ equity7.4Fiscal year 2024Cash2.8Shareholders’ equity35.7Fiscal year 2025Cash13.1Shareholders’ equity30.3
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.2 3.8 2.7 4.6 2.8 13.1
Shareholders’ equity 0.4 2.8 1.9 7.4 35.7 30.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
65.4% 78.4% 69.3% 65.9% 35.5% 8.7%
28.5% 48.3% −29.5% −45.7% −190.1% −301.6%
25.5% 36.7% −24.7% −46.8% −231.4% −298.8%
4.1% 57.9% −45.7% −31.6% −1,050.4% −16.2%
Spending
16.0% 14.5% 68.4% 66.0% 202.8% 302.9%
9.7% 2.1% 1.0% 1.4% 0.3% 0.1%
Returns
75.7% 82.5% −41.1% −34.4% −24.3% −79.2%
n/a 39.3% −15.2% −24.9% −20.9% −72.1%
Balance and payout
n/a 52.4% 64.2% 27.7% 14.1% 9.0%