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Side-by-side financial comparison of Token Cat Ltd (TC) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

TOP Financial Group Ltd is the larger business by last-quarter revenue ($2.9M vs $2.8M, roughly 1.0× Token Cat Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -3.4%, a 10.0% gap on every dollar of revenue.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

TC vs TOP — Head-to-Head

Bigger by revenue
TOP
TOP
1.0× larger
TOP
$2.9M
$2.8M
TC
Higher net margin
TOP
TOP
10.0% more per $
TOP
6.6%
-3.4%
TC

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
TC
TC
TOP
TOP
Revenue
$2.8M
$2.9M
Net Profit
$-93.0K
$190.5K
Gross Margin
79.0%
Operating Margin
-206.9%
Net Margin
-3.4%
6.6%
Revenue YoY
-37.9%
Net Profit YoY
98.3%
EPS (diluted)

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
TC
TC
TOP
TOP
Q3 25
$2.9M
Q2 25
$2.8M
Q2 24
$4.4M
Q2 23
$12.7M
Q2 22
$13.3M
Net Profit
TC
TC
TOP
TOP
Q3 25
$190.5K
Q2 25
$-93.0K
Q2 24
$-5.6M
Q2 23
$-4.2M
Q2 22
$-8.4M
Gross Margin
TC
TC
TOP
TOP
Q3 25
Q2 25
79.0%
Q2 24
69.2%
Q2 23
63.4%
Q2 22
81.0%
Operating Margin
TC
TC
TOP
TOP
Q3 25
Q2 25
-206.9%
Q2 24
-146.9%
Q2 23
-59.9%
Q2 22
-49.6%
Net Margin
TC
TC
TOP
TOP
Q3 25
6.6%
Q2 25
-3.4%
Q2 24
-125.9%
Q2 23
-33.3%
Q2 22
-62.9%
EPS (diluted)
TC
TC
TOP
TOP
Q3 25
Q2 25
Q2 24
Q2 23
Q2 22
$-0.03

Balance Sheet & Financial Strength

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

Metric
TC
TC
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$150.0K
$14.8M
Total DebtLower is stronger
$1.4M
Stockholders' EquityBook value
$4.6M
$35.0M
Total Assets
$28.4M
$64.1M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TC
TC
TOP
TOP
Q3 25
$14.8M
Q2 25
$150.0K
Q2 24
$689.0K
Q2 23
$3.0M
Q2 22
$4.8M
Total Debt
TC
TC
TOP
TOP
Q3 25
Q2 25
$1.4M
Q2 24
$1.8M
Q2 23
Q2 22
Stockholders' Equity
TC
TC
TOP
TOP
Q3 25
$35.0M
Q2 25
$4.6M
Q2 24
$-787.0K
Q2 23
$9.1M
Q2 22
$21.4M
Total Assets
TC
TC
TOP
TOP
Q3 25
$64.1M
Q2 25
$28.4M
Q2 24
$12.5M
Q2 23
$25.1M
Q2 22
$40.6M
Debt / Equity
TC
TC
TOP
TOP
Q3 25
Q2 25
0.30×
Q2 24
Q2 23
Q2 22

Cash Flow & Capital Efficiency

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

Metric
TC
TC
TOP
TOP
Operating Cash FlowLast quarter
$-23.7M
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
TC
TC
TOP
TOP
Q3 25
Q2 25
$-23.7M
Q2 24
$-1.5M
Q2 23
$-7.2M
Q2 22
$-8.3M
Free Cash Flow
TC
TC
TOP
TOP
Q3 25
Q2 25
Q2 24
$-1.5M
Q2 23
Q2 22
$-8.3M
FCF Margin
TC
TC
TOP
TOP
Q3 25
Q2 25
Q2 24
-34.4%
Q2 23
Q2 22
-62.2%
Capex Intensity
TC
TC
TOP
TOP
Q3 25
Q2 25
Q2 24
0.0%
Q2 23
Q2 22
0.1%

Financial Flow Comparison

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

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