Waton Financial Limited (WTF)

Nasdaq: WTF · Security & Commodity Brokers, Dealers, Exchanges & Services · Hong Kong, HK · filing with the SEC since 2023

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Grade4.5

◀ Past 3.6● Present 4.0▶ Future 5.6

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Waton Financial Limited

Nine metrics read from its own filings, by tense

Headline grade

4.5/10

◀ Past3.625% of the headline

● Present4.035% of the headline

▶ Future5.640% of the headline

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.

◀ Past

What did they actually do?

3.6/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.2/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 22% of this tense · 62nd percentile among 13 sector filers · read for itself

From the record

Waton Financial Limited's filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.2/10

What has it actually done, year after year?

+24.5% a year over 4 filed years; profitable in 2 of 4.

weight 45% of this tense · 42nd percentile among 13 sector filers · read for its customers

From the record

Waton Financial Limited's 4 filed years say what it did: revenue went from $6 million in fiscal 2023 to $11 million in fiscal 2026, up 24.5% a year; it rose in 2 of 3 years; the deepest fall was 26% from fiscal 2024 to fiscal 2025; net income was positive in 2 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span24.5%top 27% of its family
the share of years revenue rosebottom 35% of its family
the share of filed years with a profitbottom 27% of its family
the deepest fall from a revenue peak25.9%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.1/10

How has it treated the people who own it?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 12th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 12% of 13 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.
What the record cannot read: 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.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 13 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Waton Financial Limited's shareholder treatment is put at 1.1 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 12% of 13 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.

● Present

What are they doing right now?

4.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

2.7/10

Is it financially healthy right now?

ROE -70%: lost 70¢ per shareholder dollar. Leverage 60%: owes 60¢ per asset dollar.

weight 33% of this tense · 27th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, Waton Financial Limited lost about 70 cents for every dollar of shareholders' money. Leverage: it owed about 60 cents per dollar of assets, and net share issuance: its share count grew 15.4% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 35% of its family
return on equitybottom 4% of its family
the share count against the year beforebottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.7/10

How strong is its position in its industry?

bottom 37% of 13 in its family; net margin -136.7%.

weight 45% of this tense · 37th percentile among 13 sector filers · read for its customers

From the record

Waton Financial Limited's standing among 13 graded names in its industry family: revenue of $11 million in fiscal 2026 ranks in the bottom 27% by size; a net margin of -136.7% ranks in the bottom 19%; revenue growth of 24.5% a year over the last 3 filed years ranks in the top 35% (its annual reports).

What it rests on

revenue against the family$11.1Mbottom 27% of its family
net margin-136.7%bottom 19% of its family
three-year revenue growth24.5%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 8 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Waton Financial Limited's leadership is put at 6.3 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; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.6/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.4/10

How much room does it have to grow?

bottom 44% of 13 in its family for room to expand.

weight 33% of this tense · 44th percentile among 13 sector filers · read for itself

From the record

Waton Financial Limited's room to grow, from the newest filed statements (fiscal 2026): cash of $24 million against no long-term debt tagged leaves 44.4% of its assets as net cash, top 12% of its family; cash from operations less capital spending is -66.6% of revenue (bottom 19%); research spending of 6.6% of revenue (bottom 25%) (its annual report).

What it rests on

cash less debt against assets44.4%top 12% of its family
cash from operations less capital spending against revenue-66.6%bottom 19% of its family
research spending against revenue6.6%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

7.7/10

What could actually drive growth from here?

top 23% of 13 in its family for growth drivers.

weight 45% of this tense · 77th percentile among 13 sector filers · read for its customers

From the record

Waton Financial Limited's growth drivers, from the filed years to fiscal 2026: revenue grew 24.5% a year over the last three filed years against 24.5% over all 4, speeding up (bottom 38% of its family); the newest year grew 48.8% (top 4%); capital spending grew 301.9% a year (top 4%) (its annual reports). Waton Financial Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 38% of its family
the newest year's revenue growth48.8%top 4% of its family
three-year growth of capital spending301.9%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.0/10

Did its newest year beat what its own record pointed to?

bottom 29% of 13 in its family for expectations against reality.

weight 22% of this tense · 29th percentile among 13 sector filers · read for its shareholders

From the record

Waton Financial Limited's newest year against its own record: revenue of $11 million in fiscal 2026 came in 30.6% above the $8 million its prior three years' pace pointed to (top 19% of its family); net income of $15 million against a prior three-year average of $2 million (bottom 4%); a net margin of a loss larger than its revenue against -27.4% before (bottom 4%) (its annual reports).

What it rests on

revenue against the prior three years' pace30.6%top 19% of its family
net income against the prior three years' averagefive times below its prior average or morebottom 4% of its family
net margin against its prior averagedown more than 100 pointsbottom 4% of its family

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

SI Assistanton WTF · research, not advice