All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
5 warning events since 2017; the latest 2022-04-29.
From the record
TROOPS, Inc.'s filings since 2017 show 5 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2022-04-29) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+14.5% a year over 10 filed years; profitable in 0 of 10.
From the record
TROOPS, Inc.'s 10 filed years say what it did: revenue went from $5 million in fiscal 2016 to $17 million in fiscal 2025, up 14.5% a year; it rose in 5 of 9 years; the deepest fall was 99% from fiscal 2016 to fiscal 2017; net income was positive in 0 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 3.6/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: TROOPS, Inc.'s shareholder treatment is put at 3.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 36% of 19 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -57%: lost 57¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, TROOPS, Inc. lost about 57 cents for every dollar of shareholders' money, and gross profitability: its products earned about 2 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 18.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 36% of 19 in its family; net margin -163.2%.
From the record
TROOPS, Inc.'s standing among 19 graded names in its industry family: revenue of $17 million in fiscal 2025 ranks in the bottom 9% by size; a net margin of -163.2% ranks in the bottom 13%; revenue growth of 64% a year over the last 3 filed years ranks in the top 13% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.3/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: TROOPS, Inc.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
top 41% of 19 in its family for room to expand.
From the record
TROOPS, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4 million against no long-term debt tagged leaves 5.8% of its assets as net cash, top 24% of its family; cash from operations less capital spending is 4% of revenue (top 50%); a gross margin of 9.1% (top 50%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 36% of 19 in its family for growth drivers.
From the record
TROOPS, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 64% a year over the last three filed years against 14.5% over all 10, speeding up (top 8% of its family); the newest year grew 69.8% (top 8%); research spending grew -32.8% a year (bottom 25%); capital spending grew -9.1% a year (bottom 46%) (its annual reports). TROOPS, Inc. reported 5 product lines in fiscal 2025: Insurance Consultancy Services at $13 million (75%), Interest On Loans at $2 million (13%), Property Lease and Management at $1 million (8%), and 2 more; 2 of 5 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 28% of 17 in its family for expectations against reality.
From the record
TROOPS, Inc.'s newest year against its own record: revenue of $17 million in fiscal 2025 came in 5.3% above the $16 million its prior three years' pace pointed to (top 44% of its family); net income of $28 million against a prior three-year average of $5 million (bottom 21%); a net margin of a loss larger than its revenue against -63.4% before (bottom 9%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made