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Side-by-side financial comparison of Lion Group Holding Ltd (LGHL) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $13.3M, roughly 1.9× Lion Group Holding Ltd). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -193.3%, a 192.8% gap on every dollar of revenue.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

LGHL vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.9× larger
NAAS
$25.9M
$13.3M
LGHL
Higher net margin
LGHL
LGHL
192.8% more per $
LGHL
-0.4%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q2 FY2024

Metric
LGHL
LGHL
NAAS
NAAS
Revenue
$13.3M
$25.9M
Net Profit
$-53.7K
$-50.0M
Gross Margin
29.2%
Operating Margin
-144.2%
Net Margin
-0.4%
-193.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LGHL
LGHL
NAAS
NAAS
Q2 24
$13.3M
$25.9M
Q2 22
$3.6M
Net Profit
LGHL
LGHL
NAAS
NAAS
Q2 24
$-53.7K
$-50.0M
Q2 22
$-20.3M
Gross Margin
LGHL
LGHL
NAAS
NAAS
Q2 24
29.2%
Q2 22
Operating Margin
LGHL
LGHL
NAAS
NAAS
Q2 24
-144.2%
Q2 22
-624.5%
Net Margin
LGHL
LGHL
NAAS
NAAS
Q2 24
-0.4%
-193.3%
Q2 22
-565.4%
EPS (diluted)
LGHL
LGHL
NAAS
NAAS
Q2 24
$-0.02
Q2 22
$-0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LGHL
LGHL
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$29.0M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4M
$-33.4M
Total Assets
$74.5M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGHL
LGHL
NAAS
NAAS
Q2 24
$29.0M
$24.7M
Q2 22
$11.9M
Stockholders' Equity
LGHL
LGHL
NAAS
NAAS
Q2 24
$28.4M
$-33.4M
Q2 22
$36.5M
Total Assets
LGHL
LGHL
NAAS
NAAS
Q2 24
$74.5M
$180.2M
Q2 22
$103.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LGHL
LGHL
NAAS
NAAS
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGHL
LGHL
NAAS
NAAS
Q2 24
$-25.7M
Q2 22
$-904.8K

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

NAAS
NAAS

Segment breakdown not available.

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