NASDAQ : DPU
Top KingWin Ltd — Financial statements
United States
Last price 1.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.08M
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Financial statements
Top KingWin Ltd (DPU) reported revenue of 11.11M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 11.11M | 8.04M | 3.75M | 5.45M | 3.12M | 6.29M |
| Cost of Revenue | 10.02M | 7.34M | 2.42M | 1.86M | 957.11K | 1.36M |
| Gross Profit | 1.09M | 700.38K | 1.33M | 3.59M | 2.17M | 4.94M |
| Selling, General & Admin | 44.15M | 24.94M | 5.49M | 6.08M | 3.09M | 1.89M |
| Operating Expenses | 44.15M | 24.94M | 5.49M | 6.08M | 3.09M | 1.89M |
| Operating Income | -43.06M | -24.24M | -4.16M | -2.49M | -919.79K | 3.04M |
| Currency Exchange Gain (Loss) | -917.69K | |||||
| Other Non Operating Income (Expenses) | 2.04M | 222.95K | -44.38K | 50.11K | 27.19K | 42.62K |
| EBT Excluding Unusual Items | -41.02M | -24.02M | -5.12M | -2.44M | -892.60K | 3.09M |
| Impairment of Goodwill | -2.97M | |||||
| Pretax Income | -41.02M | -24.02M | -8.09M | -2.44M | -892.60K | 3.09M |
| Income Tax Expense | 54.53K | 115.09K | -121.11K | 777.22K | ||
| Earnings From Continuing Operations | -41.02M | -24.02M | -8.15M | -2.55M | -771.48K | 2.31M |
| Earnings From Discontinued Operations | 551.85K | -532.70K | 4.63K | |||
| Net Income | -40.47M | -24.02M | -8.68M | -2.55M | -771.48K | 2.31M |
| Net Income to Common | -40.47M | -24.02M | -8.68M | -2.55M | -771.48K | 2.31M |
| Shares Outstanding (Basic) | 2.02M | 892.31K | 209.82K | 22.32K | 19.20K | 19.20K |
| Shares Outstanding (Diluted) | 2.02M | 892.31K | 209.82K | 22.32K | 19.20K | 19.20K |
| EPS (Basic) | -20.04 | -26.92 | -41.37 | -114.16 | -40.18 | 120.24 |
| EPS (Diluted) | -20.04 | -26.92 | -41.37 | -114.16 | -40.18 | 120.24 |
| Free Cash Flow | -82.52K | -1.31M | -39.39M | -1.72M | -1.43M | 3.64M |
| Free Cash Flow Per Share | -0.04 | -1.46 | -187.75 | -77.19 | -74.38 | 189.73 |
| Gross Margin | 9.83% | 8.71% | 35.45% | 65.89% | 69.35% | 78.44% |
| Operating Margin | -387.44% | -301.60% | -110.82% | -45.66% | -29.46% | 48.35% |
| Profit Margin | -364.15% | -298.83% | -231.43% | -46.76% | -24.71% | 36.68% |
| Free Cash Flow Margin | -0.74% | -16.25% | -1,050.40% | -31.62% | -45.74% | 57.87% |
| EBITDA | -42.97M | -24.16M | -4.07M | -2.41M | -855.13K | 3.08M |
| EBITDA Margin | -108.43% | -44.23% | -27.39% | 48.91% | ||
| D&A For EBITDA | 85.50K | 84.24K | 89.44K | 77.52K | 64.66K | 35.43K |
| EBIT | -43.06M | -24.24M | -4.16M | -2.49M | -919.79K | 3.04M |
| EBIT Margin | -110.82% | -45.66% | -29.46% | 48.35% | ||
| Effective Tax Rate | 25.19% | |||||
| Revenue as Reported | 8.04M | 8.04M | 3.75M | 5.45M | 3.12M | 6.29M |
| Advertising Expenses | 61.97K | 224.78K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.36M | 13.09M | 2.81M | 4.59M | 2.65M | 3.82M |
| Cash & Short-Term Investments | 12.36M | 13.09M | 2.81M | 4.59M | 2.65M | 3.82M |
| Accounts Receivable | 1.12M | 766.33K | 520.67K | 419.97K | 95.69K | 921.24K |
| Other Receivables | 70.96K | 142.16K | 586.15K | 113.88K | 97.91K | 41.53K |
| Receivables | 1.19M | 908.49K | 1.11M | 533.84K | 193.60K | 962.77K |
| Prepaid Expenses | 99.86K | 29.19K | 15.37K | 192.28K | 12.25K | 104.31K |
| Restricted Cash | 30.31K | 78.46K | ||||
| Other Current Assets | 119.96K | 19.21M | 36.82M | 1.27M | ||
| Total Current Assets | 13.78M | 33.24M | 40.75M | 6.61M | 2.86M | 4.96M |
| Property, Plant & Equipment | 12.19K | 27.56K | 702.41K | 561.64K | 732.61K | 859.40K |
| Goodwill | 2.97M | |||||
| Other Intangible Assets | 57.97K | 63.33K | 38.62K | 30.54K | 20.06K | |
| Long-Term Deferred Tax Assets | 118.16K | |||||
| Long-Term Deferred Charges | 1.31M | |||||
| Other Long-Term Assets | 59.04K | 49.63K | 40.38K | 36.81K | ||
| Total Assets | 13.79M | 33.32M | 41.58M | 10.24M | 5.09M | 5.88M |
| Accounts Payable | 622.91K | 810.71K | 582.14K | 528.10K | 264.01K | 838.07K |
| Accrued Expenses | 1.62M | 1.53M | 1.99M | 925.33K | 409.72K | 518.94K |
| Short-Term Debt | 2.03M | |||||
| Current Portion of Leases | 284.10K | 192.16K | 165.51K | 130.20K | ||
| Current Income Taxes Payable | 461.00 | 425.25K | ||||
| Current Unearned Revenue | 432.38K | 489.52K | 626.85K | 187.63K | 587.40K | |
| Other Current Liabilities | 194.36K | 222.35K | 218.08K | 399.08K | 1.87M | 87.51K |
| Total Current Liabilities | 2.44M | 2.99M | 5.59M | 2.67M | 2.89M | 2.59M |
| Long-Term Leases | 282.45K | 161.89K | 373.07K | 494.43K | ||
| Total Liabilities | 2.44M | 2.99M | 5.88M | 2.83M | 3.27M | 3.08M |
| Common Stock | 187.87K | 147.33K | 18.30K | 1.48K | 1.20K | 1.20K |
| Additional Paid-In Capital | 65.17M | 63.77M | 45.28M | 8.28M | 114.73K | 114.73K |
| Retained Earnings | -53.24M | -33.35M | -9.33M | -645.77K | 1.85M | 2.62M |
| Comprehensive Income & Other | -768.13K | -241.72K | -274.45K | -225.79K | -140.05K | 63.44K |
| Shareholders' Equity | 11.35M | 30.33M | 35.70M | 7.40M | 1.82M | 2.80M |
| Total Liabilities & Equity | 13.79M | 33.32M | 41.58M | 10.24M | 5.09M | 5.88M |
| Total Debt | 2.59M | 354.05K | 538.57K | 624.62K | ||
| Net Cash (Debt) | 12.36M | 13.09M | 222.02K | 4.23M | 2.12M | 3.19M |
| Net Cash Per Share | 6.12 | 14.66 | 1.06 | 189.68 | 110.19 | 166.27 |
| Filing Date Shares Outstanding | 3.01M | 2.36M | 295.28K | 23.60K | 19.20K | |
| Total Common Shares Outstanding | 3.01M | 2.36M | 292.75K | 23.60K | 19.20K | |
| Working Capital | 11.34M | 30.24M | 35.16M | 3.94M | -32.94K | 2.38M |
| Book Value Per Share | 3.78 | 12.87 | 121.95 | 313.77 | 94.90 | |
| Tangible Book Value | 11.35M | 30.27M | 35.64M | 4.39M | 1.79M | 2.78M |
| Tangible Book Value Per Share | 3.78 | 12.84 | 121.74 | 186.12 | 93.30 | |
| Machinery | 149.33K | 200.57K | 101.84K | 95.93K | ||
| Leasehold Improvements | 238.99K | 205.31K | 181.56K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -40.47M | -24.02M | -8.68M | -2.55M | -771.48K | 2.31M |
| Depreciation & Amortization | 85.50K | 84.24K | 89.44K | 77.52K | 64.66K | 35.43K |
| Loss (Gain) From Sale of Assets | 31.47K | 31.47K | -453.00 | 913.00 | ||
| Asset Writedown & Restructuring Costs | 2.97M | |||||
| Stock-Based Compensation | 3.29M | 3.38M | 1.77M | |||
| Provision & Write-off of Bad Debts | 38.16M | 18.58M | 55.97K | 72.60K | 109.97K | 13.95K |
| Other Operating Activities | 189.09K | 670.85K | 1.31M | -128.72K | -121.11K | |
| Change in Accounts Receivable | -482.09K | -113.09K | -143.60K | -346.25K | 736.21K | -184.53K |
| Change in Accounts Payable | 200.44K | 228.57K | 122.90K | 272.48K | -588.41K | 550.89K |
| Change in Unearned Revenue | -57.15K | -57.15K | -209.42K | 445.77K | -409.76K | 372.02K |
| Change in Income Taxes | -3.63K | -3.31K | -50.72K | 28.61K | -481.98K | 405.44K |
| Change in Other Net Operating Assets | -1.31M | -78.68K | -36.69M | 475.22K | 65.98K | 272.55K |
| Operating Cash Flow | -79.53K | -1.30M | -39.38M | -1.65M | -1.40M | 3.77M |
| Capital Expenditures | -2.99K | -10.05K | -12.37K | -76.36K | -32.20K | -131.58K |
| Cash Acquisitions | -3.97M | |||||
| Divestitures | 218.10K | 479.96K | 389.08K | |||
| Sale (Purchase) of Intangibles | -41.59K | -14.91K | -13.48K | -19.96K | ||
| Investing Cash Flow | 215.11K | 469.91K | 335.12K | -4.06M | -45.68K | -151.54K |
| Short-Term Debt Issued | 1.07M | 2.02M | 392.10K | 52.03K | ||
| Total Debt Issued | 273.39K | 1.07M | 2.02M | 392.10K | 52.03K | |
| Short-Term Debt Repaid | -388.90K | -87.93K | ||||
| Total Debt Repaid | -388.90K | -87.93K | ||||
| Net Debt Issued (Repaid) | 273.39K | 1.07M | 2.02M | -388.90K | 304.17K | 52.03K |
| Issuance of Common Stock | 11.50M | 11.50M | 35.25M | 8.16M | ||
| Other Financing Activities | -146.15K | -600.00K | ||||
| Financing Cash Flow | 11.63M | 11.97M | 37.27M | 7.77M | 304.17K | 52.03K |
| Foreign Exchange Rate Adjustments | -1.72M | -873.23K | -61.33K | -68.79K | -103.77K | 49.20K |
| Net Cash Flow | 10.05M | 10.27M | -1.83M | 1.99M | -1.24M | 3.72M |
| Free Cash Flow | -82.52K | -1.31M | -39.39M | -1.72M | -1.43M | 3.64M |
| Free Cash Flow Margin | -0.74% | -16.25% | -1,050.40% | -31.62% | -45.74% | 57.87% |
| Free Cash Flow Per Share | -0.04 | -1.46 | -187.75 | -77.19 | -74.38 | 189.73 |
| Levered Free Cash Flow | 14.38M | 5.80M | -35.90M | -3.64M | 654.09K | 3.22M |
| Unlevered Free Cash Flow | 14.38M | 5.80M | -35.90M | -3.64M | 654.09K | 3.22M |
| Cash Income Tax Paid | 422.00 | 480.26K | 398.04K | |||
| Change in Working Capital | -1.65M | -23.66K | -36.97M | 875.83K | -677.97K | 1.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.78M | 3.53M | 62.59M | 25.96M | ||
| Enterprise Value | -7.58M | 4.14M | 59.74M | 21.50M | ||
| Last Close Price | 1.69 | 2.13 | 213.81 | 1,100.00 | ||
| PS Ratio | 0.46 | 0.44 | 16.69 | 4.76 | ||
| PB Ratio | 0.45 | 0.12 | 1.75 | 3.51 | ||
| P/TBV Ratio | 0.45 | 0.12 | 1.76 | 5.91 | ||
| EV/Sales Ratio | 0.52 | 15.93 | 3.95 | |||
| Debt / Equity Ratio | 0.07 | 0.05 | 0.30 | 0.22 | ||
| Debt / EBITDA Ratio | 0.19 | |||||
| Debt / FCF Ratio | 0.17 | |||||
| Net Debt / Equity Ratio | -1.09 | -0.43 | -0.01 | -0.57 | -1.16 | -1.14 |
| Net Debt / EBITDA Ratio | 0.29 | 0.54 | 0.06 | 1.76 | 2.47 | -1.04 |
| Net Debt / FCF Ratio | 149.83 | 10.02 | 0.01 | 2.46 | 1.48 | -0.88 |
| Asset Turnover | 0.40 | 0.21 | 0.14 | 0.71 | 0.57 | 1.64 |
| Quick Ratio | 5.55 | 4.68 | 0.70 | 1.92 | 0.98 | 1.85 |
| Current Ratio | 5.64 | 11.11 | 7.29 | 2.48 | 0.99 | 1.92 |
| Return on Equity (ROE) | -170.12% | -72.76% | -37.80% | -55.32% | -33.41% | 142.24% |
| Return on Assets (ROA) | -95.99% | -40.46% | -10.03% | -20.29% | -10.48% | 49.57% |
| Return on Invested Capital (ROIC) | -91.96% | -21.50% | -78.42% | |||
| Return on Capital Employed (ROCE) | -379.40% | -79.90% | -11.50% | -32.90% | -41.90% | 92.50% |
| Earnings Yield | -1,260.68% | -680.95% | -13.87% | -9.81% | ||
| FCF Yield | -1.62% | -37.03% | -62.94% | -6.64% | ||
| Buyback Yield / Dilution | -628.39% | -325.27% | -840.19% | -16.23% |