What is Lion Group Holding Ltd's earnings per share (EPS)?

Lion Group Holding Ltd (LGHL) reported diluted earnings per share of $-130.90 for fiscal year 2024. This represents a 55.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lion Group Holding Ltd Financials

LGHL

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Lion Group Holding Ltd (LGHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 13/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Lion Group Holding Ltd's revenue declined 82.4% year-over-year, from $7.0M to $1.2M. This contraction results in a growth score of 0/100.

Leverage

Lion Group Holding Ltd has a moderate D/E ratio of 2.77. This balance of debt and equity financing earns a leverage score of 46/100.

Liquidity

Lion Group Holding Ltd's current ratio of 0.67 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.

Returns

Lion Group Holding Ltd generates a -260.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -16.7% the prior year.

Piotroski F-Score Weak

1/9

Lion Group Holding Ltd passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.70x

For every $1 of reported earnings, Lion Group Holding Ltd generates $0.70 in operating cash flow (-$19.1M OCF vs -$27.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2M

YoY-82.4%

5Y CAGR-41.8%

Lion Group Holding Ltd generated $1.2M in revenue in fiscal year 2024. This represents a decrease of 82.4% from the prior year.

EBITDA

N/A

Net Income

-$27.4M

YoY-422.0%

Lion Group Holding Ltd reported -$27.4M in net income in fiscal year 2024. This represents a decrease of 422.0% from the prior year.

EPS (Diluted)

$-130.90

YoY+55.9%

Lion Group Holding Ltd earned $-130.90 per diluted share (EPS) in fiscal year 2024. This represents an increase of 55.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$16.9M

YoY-41.5%

5Y CAGR+21.5%

Lion Group Holding Ltd held $16.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

-392.6%

5Y CAGR-492.5pp

Lion Group Holding Ltd's gross margin was -392.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.

Operating Margin

N/A

Net Margin

-2214.3%

YoY-2139.5pp

5Y CAGR-2258.7pp

Lion Group Holding Ltd's net profit margin was -2214.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2139.5 percentage points from the prior year.

Return on Equity

-260.5%

YoY-243.8pp

5Y CAGR-374.7pp

Lion Group Holding Ltd's ROE was -260.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 243.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

LGHL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2M-82.4%	$7.0M+38.0%	$5.1M-79.6%	$25.0M+144.3%	$10.2M-44.8%	$18.5M
Cost of Revenue	N/A	N/A	N/A	$18.9M	N/A	N/A
Gross Profit	-$4.9M	N/A	-$2.5M-140.7%	$6.1M-40.7%	$10.2M-44.8%	$18.5M
R&D Expenses	N/A	$7K-99.8%	$4.7M+289.5%	$1.2M	N/A	N/A
SG&A Expenses	$878K+260.4%	$244K0.0%	$244K-87.9%	$2.0M+34.3%	$1.5M+116.8%	$693K
Operating Income	N/A	-$5.8M+82.9%	-$34.0M-4298.5%	-$772K+70.0%	-$2.6M-131.1%	$8.3M
Interest Expense	$822K-65.9%	$2.4M+3.4%	$2.3M+45.2%	$1.6M+778.0%	$183K-75.0%	$732K
Income Tax	$1K+17.7%	$1K-69.1%	$3K-93.7%	$54K+4031.2%	$1K-98.0%	$64K
Net Income	-$27.4M-422.0%	-$5.3M+83.3%	-$31.6M-138644.8%	$23K+100.9%	-$2.6M-131.3%	$8.2M
EPS (Diluted)	$-130.90+55.9%	$-296.86+83.0%	$-1748.71-12824.7%	$-13.53	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LGHL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$36.4M-51.2%	$74.5M-14.0%	$86.6M-41.8%	$148.9M+550.1%	$22.9M+70.7%	$13.4M
Current Assets	$18.6M-65.1%	$53.4M-22.6%	$69.0M-46.2%	$128.4M+672.8%	$16.6M+27.4%	$13.0M
Cash & Equivalents	$16.9M-41.5%	$29.0M+159.5%	$11.2M-26.1%	$15.1M+340.6%	$3.4M-46.4%	$6.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$29.2M-36.8%	$46.1M-22.1%	$59.2M-36.6%	$93.5M+586.9%	$13.6M+118.5%	$6.2M
Current Liabilities	$27.8M-37.2%	$44.3M-17.7%	$53.9M-41.1%	$91.5M+708.5%	$11.3M+81.7%	$6.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.5M-66.6%	$31.5M+9.2%	$28.9M-47.5%	$55.0M+491.3%	$9.3M+29.4%	$7.2M
Retained Earnings	-$67.2M-69.1%	-$39.8M-15.2%	-$34.5M-1077.4%	-$2.9M+0.8%	-$3.0M-683.3%	-$377K

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$46.9M+28.9%	$36.4M-25.9%	$49.1M-34.1%	$74.5M-20.4%	$93.6M+8.1%	$86.6M-16.1%	$103.2M-30.7%	$148.9M
Current Assets	$23.8M+27.8%	$18.6M-37.7%	$29.9M-44.0%	$53.4M-23.4%	$69.8M+1.1%	$69.0M-18.2%	$84.4M-34.2%	$128.4M
Cash & Equivalents	$22.9M+35.1%	$16.9M-14.4%	$19.8M-31.7%	$29.0M+83.7%	$15.8M+41.3%	$11.2M-6.0%	$11.9M-21.4%	$15.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$42.5M+45.6%	$29.2M+8.0%	$27.0M-41.4%	$46.1M-28.1%	$64.1M+8.3%	$59.2M-8.8%	$64.9M-30.5%	$93.5M
Current Liabilities	$27.2M-2.2%	$27.8M+10.5%	$25.2M-43.2%	$44.3M-27.5%	$61.2M+13.6%	$53.9M-14.2%	$62.8M-31.4%	$91.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.8M-25.7%	$10.5M-58.5%	$25.4M-19.4%	$31.5M-3.6%	$32.7M+13.3%	$28.9M-20.9%	$36.5M-33.6%	$55.0M
Retained Earnings	-$74.8M-11.3%	-$67.2M-41.8%	-$47.4M-19.2%	-$39.8M-17.6%	-$33.8M+2.0%	-$34.5M-48.6%	-$23.2M-692.1%	-$2.9M

LGHL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$19.1M-242.5%	$13.4M+440.4%	-$3.9M+80.8%	-$20.5M-19482.5%	$106K-98.7%	$8.0M
Capital Expenditures	N/A	$7.8M	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	$5.6M	N/A	N/A	N/A	N/A
Investing Cash Flow	-$114K-108.1%	$1.4M+120.0%	-$7.1M+41.4%	-$12.1M-84.8%	-$6.5M+76.0%	-$27.3M
Financing Cash Flow	$5.5M+230.9%	$1.7M-83.1%	$9.8M-77.5%	$43.6M+1550.5%	$2.6M-87.2%	$20.7M
Dividends Paid	N/A	N/A	N/A	$16K-95.9%	$386K	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LGHL Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	-392.6%	N/A	-48.5%-72.8pp	24.3%-75.7pp	100.0%0.0pp	100.0%
Operating Margin	N/A	-83.0%+584.7pp	-667.7%-664.6pp	-3.1%+22.1pp	-25.2%-69.9pp	44.7%
Net Margin	-2214.3%-2139.5pp	-74.9%+545.5pp	-620.4%-620.4pp	0.1%+25.3pp	-25.2%-69.5pp	44.4%
Return on Equity	-260.5%-243.8pp	-16.7%+92.6pp	-109.3%-109.4pp	0.0%+27.7pp	-27.7%-141.9pp	114.3%
Return on Assets	-75.5%-68.4pp	-7.0%+29.4pp	-36.4%-36.4pp	0.0%+11.3pp	-11.2%-72.5pp	61.2%
Current Ratio	0.67-0.5	1.20-0.1	1.28-0.1	1.40-0.1	1.47-0.6	2.09
Debt-to-Equity	2.77+1.3	1.46-0.6	2.05+0.4	1.70+0.2	1.46+0.6	0.87
FCF Margin	N/A	79.2%	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.88+0.2	0.67-0.5	1.19-0.0	1.20+0.1	1.14-0.1	1.28-0.1	1.34-0.1	1.40
Debt-to-Equity	5.42+2.7	2.77+1.7	1.06-0.4	1.46-0.5	1.96-0.1	2.05+0.3	1.78+0.1	1.70
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.67), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Lion Group Holding Ltd's annual revenue?

Lion Group Holding Ltd (LGHL) reported $1.2M in total revenue for fiscal year 2024. This represents a -82.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lion Group Holding Ltd's revenue growing?

Lion Group Holding Ltd (LGHL) revenue declined by 82.4% year-over-year, from $7.0M to $1.2M in fiscal year 2024.

Is Lion Group Holding Ltd profitable?

No, Lion Group Holding Ltd (LGHL) reported a net income of -$27.4M in fiscal year 2024, with a net profit margin of -2214.3%.

What is Lion Group Holding Ltd's gross margin?

Lion Group Holding Ltd (LGHL) had a gross margin of -392.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lion Group Holding Ltd's net profit margin?

Lion Group Holding Ltd (LGHL) had a net profit margin of -2214.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Lion Group Holding Ltd's return on equity (ROE)?

Lion Group Holding Ltd (LGHL) has a return on equity of -260.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Lion Group Holding Ltd's operating cash flow?

Lion Group Holding Ltd (LGHL) generated -$19.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lion Group Holding Ltd's total assets?

Lion Group Holding Ltd (LGHL) had $36.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What is Lion Group Holding Ltd's current ratio?

Lion Group Holding Ltd (LGHL) had a current ratio of 0.67 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Lion Group Holding Ltd's debt-to-equity ratio?

Lion Group Holding Ltd (LGHL) had a debt-to-equity ratio of 2.77 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lion Group Holding Ltd's return on assets (ROA)?

Lion Group Holding Ltd (LGHL) had a return on assets of -75.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lion Group Holding Ltd's cash runway?

Based on fiscal year 2024 data, Lion Group Holding Ltd (LGHL) had $16.9M in cash against an annual operating cash burn of $19.1M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Lion Group Holding Ltd's Piotroski F-Score?

Lion Group Holding Ltd (LGHL) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lion Group Holding Ltd's earnings high quality?

Lion Group Holding Ltd (LGHL) has an earnings quality ratio of 0.70x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lion Group Holding Ltd?

Lion Group Holding Ltd (LGHL) scores 13 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.