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TROOPS Valuation Multiples
Discover revenue and EBITDA valuation multiples for TROOPS and similar public comparables like Net Protections Holdings, Humm Group, Jiayin Group, OppFi and more.
TROOPS Overview
About TROOPS
TROOPS Inc is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in money lending business in Hong Kong providing mortgage loans to high quality target borrowers, property investment to generate additional rental income and the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, large data and blockchain, and cloud computing (SaaS). It derives revenue from Hong Kong and Australia. Majority of its revenue generates from domestic market.
Founded
2007
HQ

Employees
42
Website
Sectors
Financials (FY)
EV
$283M
TROOPS Financials
TROOPS reported last fiscal year revenue of $10M and negative EBITDA of ($11M).
In the same fiscal year, TROOPS generated $2M in gross profit, ($11M) in EBITDA losses, and had net loss of ($13M).
TROOPS P&L
In the most recent fiscal year, TROOPS reported revenue of $10M and EBITDA of ($11M).
TROOPS expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $10M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 19% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($11M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (111%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (20%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($13M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (133%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TROOPS Stock Performance
TROOPS has current market cap of $288M, and enterprise value of $283M.
Market Cap Evolution
TROOPS's stock price is $2.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $283M | $288M | 2.6% | XXX | XXX | XXX | $-0.11 |
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Start Free TrialTROOPS Valuation Multiples
TROOPS trades at 28.1x EV/Revenue multiple, and (25.3x) EV/EBITDA.
TROOPS Financial Valuation Multiples
As of April 10, 2026, TROOPS has market cap of $288M and EV of $283M.
Equity research analysts estimate TROOPS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TROOPS has a P/E ratio of (21.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $288M | XXX | $288M | XXX | XXX | XXX |
| EV (current) | $283M | XXX | $283M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 28.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (25.3x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (140.5x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 145.8x | XXX | XXX | XXX |
| P/E | — | XXX | (21.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 166.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TROOPS Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


TROOPS Margins & Growth Rates
TROOPS's revenue in the last fiscal year grew by 182%.
TROOPS's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
TROOPS Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 182% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (111%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (3605%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 39% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
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TROOPS Public Comps
See public comps and valuation multiples for other Online Lending comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Net Protections Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Humm Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiayin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| OppFi | XXX | XXX | XXX | XXX | XXX | XXX |
| Oportun | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TROOPS M&A Activity
TROOPS acquired XXX companies to date.
Last acquisition by TROOPS was on XXXXXXXX, XXXXX. TROOPS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TROOPS
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTROOPS Investment Activity
TROOPS invested in XXX companies to date.
TROOPS made its latest investment on XXXXXXXX, XXXXX. TROOPS invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TROOPS
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TROOPS
| When was TROOPS founded? | TROOPS was founded in 2007. |
| Where is TROOPS headquartered? | TROOPS is headquartered in Hong Kong. |
| How many employees does TROOPS have? | As of today, TROOPS has over 42 employees. |
| Who is the CEO of TROOPS? | TROOPS's CEO is Damian Thurnheer. |
| Is TROOPS publicly listed? | Yes, TROOPS is a public company listed on Nasdaq. |
| What is the stock symbol of TROOPS? | TROOPS trades under TROO ticker. |
| When did TROOPS go public? | TROOPS went public in 2008. |
| Who are competitors of TROOPS? | TROOPS main competitors are Net Protections Holdings, Humm Group, Jiayin Group, OppFi. |
| What is the current market cap of TROOPS? | TROOPS's current market cap is $288M. |
| What is the current revenue of TROOPS? | TROOPS's last fiscal year revenue is $10M. |
| What is the current EV/Revenue multiple of TROOPS? | Current revenue multiple of TROOPS is 28.1x. |
| Is TROOPS profitable? | No, TROOPS is not profitable. |
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