Lion Group Holding Ltd.
- Open
- 1.78
- Day high
- 1.88
- Day low
- 1.64
- Prev close
- 1.88
- Volume
- 190K
- Mkt cap
- $1M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.1
- P/S
- -0.1
- Yield
- —
- Per share
- —
- ▲Insiders net buying $184K over the last 3 months (2 open-market buys, 0 sales)
Lion Group Holding Ltd. (LGHL) is a Financial Services company listed on NASDAQ. The stock is down 100% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4).
Lion Group Holding Ltd. (LGHL) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LGHL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 20, 2025 | — | $-93.02 | — | $-38M | — |
| Jun 30, 2024 | — | $-72.68 | — | $7M | — |
| Jun 30, 2023 | — | $50.00 | — | $13M | — |
| Apr 19, 2022 | — | $841.00 | — | $21M | — |
| Sep 30, 2021 | — | $-944.42 | — | $3M | — |
LGHL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 32,033 | $1.82 |
| Jul 17, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 66,757 | $1.89 |
| Apr 13, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 1,452 | $0.89 |
| Apr 13, 2026 | HRT FINANCIAL LP10 percent owner | Sell | 39,250 | $0.88 |
| Apr 9, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 590 | $0.96 |
| Apr 9, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 31,629 | $0.83 |
| Apr 9, 2026 | HRT FINANCIAL LP10 percent owner | Sell | 6,437 | $0.99 |
| Apr 9, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 24,433 | $0.90 |
| Mar 23, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 4,122 | $1.10 |
| Mar 23, 2026 | HRT FINANCIAL LP10 percent owner | Sell | 9,408 | $1.05 |
Source: LGHL SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full LGHL insider & 13F page →Lion Group Holding Ltd. company profile
Overview
Lion Group Holding Ltd. (NASDAQ:LGHL) is a Singapore-based financial services company founded in 2015 that went public in June 2019. The company operates as a multi-asset trading platform provider, serving corporate clients, individual traders, and retail investors across global financial markets. Lion Group has expanded beyond traditional brokerage services to include emerging digital assets and NFT platforms, positioning itself at the intersection of traditional finance and digital innovation.
Business
Lion Group operates in the financial services sector, specifically within the capital markets industry as a multi-asset trading platform and brokerage service provider. The company's core business revolves around facilitating trading across various financial instruments and markets for different client segments. The company's primary offering is its comprehensive trading platform that provides access to multiple asset classes and global exchanges. Through this platform, clients can trade contracts for difference (CFDs), which are derivative instruments that allow traders to speculate on price movements of underlying assets without actually owning them. CFDs enable leveraged trading, meaning traders can control larger positions with smaller capital requirements, though this also increases risk. Lion Group's platform also facilitates trading in traditional securities including stocks listed on major exchanges such as the New York Stock Exchange, NASDAQ, and Hong Kong Stock Exchange. The company provides access to Chinese mainland stocks through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, which are cross-border investment channels allowing international investors to trade eligible Chinese securities. In addition to equity trading, the platform offers futures trading capabilities across global futures exchanges including the Chicago Mercantile Exchange, Singapore Exchange, Hong Kong Futures Exchange, and Eurex Exchange. The company also provides total return swap trading, which are derivative contracts where one party receives the total return of an underlying asset while paying a financing rate. Beyond core trading services, Lion Group offers insurance brokerage services and asset management services to its clients. The company has also ventured into the digital asset space, creating and selling MetaWords NFTs (non-fungible tokens) through its Lion NFT platform. This represents the company's effort to capitalize on blockchain technology and digital collectibles markets. Lion Group is also developing the "Lion World Metaverse" project through a strategic partnership, indicating expansion into virtual world and Web3 technologies.
Revenue model
Lion Group generates revenue through multiple streams within its financial services ecosystem. The primary revenue model is based on commission and fees from trading activities conducted on its platform. When clients execute trades in stocks, futures, CFDs, or other instruments, the company earns spreads, commissions, and transaction fees. This creates a volume-dependent revenue stream where higher trading activity directly translates to increased income. The company also generates revenue from its insurance brokerage services through commissions earned on insurance products sold to clients. Asset management services contribute through management fees charged on assets under management, typically calculated as a percentage of the total assets managed. In the digital asset segment, Lion Group monetizes through the creation, minting, and sale of MetaWords NFTs, earning revenue from both initial sales and potentially secondary market transactions on its Lion NFT platform. Several factors significantly impact Lion Group's profitability and margins. Market volatility is a double-edged sword - while increased volatility can drive higher trading volumes and thus more commission revenue, extreme market stress can lead to client losses and reduced trading activity. Regulatory changes in key markets like Hong Kong, Singapore, or China can affect the company's ability to offer certain products or access specific markets, directly impacting revenue streams. Competition from larger, established brokerages and new fintech entrants puts pressure on commission rates and spreads, potentially compressing margins. The company's relatively small scale compared to major global brokerages may limit its ability to negotiate favorable terms with exchanges and clearing houses. Technology infrastructure costs represent a significant fixed expense, and the company must continually invest in platform capabilities to remain competitive. Interest rate environments affect the company's financing costs and the attractiveness of leveraged products like CFDs. Client acquisition and retention costs can vary significantly based on market conditions and competitive dynamics, directly impacting profitability per client.
Competitive moat
Lion Group operates in a highly competitive financial services industry with limited sustainable competitive advantages. The company's moat appears relatively narrow, facing significant challenges in differentiating itself from larger, more established competitors. The company's primary competitive positioning stems from its focus on providing access to Asian markets, particularly Chinese stocks through the Stock Connect programs, which may appeal to international investors seeking exposure to these markets. However, this geographic specialization also creates concentration risk and limits the addressable market compared to global brokerages. Lion Group's multi-asset platform approach allows it to serve diverse client needs through a single interface, potentially creating some client stickiness. The integration of traditional trading services with emerging digital assets like NFTs represents an attempt to differentiate, though the long-term viability and profitability of these newer ventures remain uncertain. The company faces substantial competitive threats from multiple directions. Large global brokerages like Interactive Brokers, Charles Schwab, and others offer more comprehensive services, better pricing, and stronger balance sheets. Regional competitors in Asia may have better local market knowledge and regulatory relationships. Fintech disruptors continue to enter the space with commission-free trading models and superior user experiences. Regulatory barriers provide some protection by requiring licenses and compliance capabilities, but these same regulations can also limit the company's flexibility and increase operational costs. The company's small scale limits its ability to invest in technology infrastructure and marketing at the levels required to compete effectively with larger players. The trading platform business is inherently commoditized, with limited ability to create sustainable differentiation based on core functionality. Network effects are minimal compared to other platform businesses, as traders can easily switch between brokerages based on pricing, features, or service quality.
Risks & safety
Lion Group presents significant financial risks with a deteriorating margin of safety profile based on recent financial performance. • Cash burn and solvency concerns: The company reported negative $19.1 million in operating cash flow for FY 2024, with consistent losses across recent periods. Current ratio deteriorated from 1.20 to 0.67, indicating potential liquidity stress as current liabilities exceed current assets. • Debt levels: Debt-to-equity ratio increased from 0.07 to 0.44 between 2023 and 2024, showing rising leverage. While still manageable, the trend is concerning given operating losses. • Valuation metrics: Trading at 0.19x book value with negative earnings makes traditional valuation difficult. The company's market cap of approximately $611,000 suggests significant market skepticism about viability. • Revenue volatility: FY 2024 showed negative revenue of -$31.3 million compared to positive $17.5 million in FY 2023, indicating severe operational disruption or accounting adjustments. • Cash position: $16.9 million in cash and short-term investments provides some buffer, but given the current burn rate, this represents limited runway without operational improvements or additional financing.
Recent development
Based on the available financial data, Lion Group has undergone significant operational changes over the past few years, though specific strategic details are limited due to the absence of earnings call transcripts. The most notable development has been the company's expansion into digital assets and blockchain technology, evidenced by the launch of MetaWords NFTs and the Lion NFT platform. The company established a strategic partnership with Dawa Future Graphic Technology Co., Ltd. to develop the Lion World Metaverse project, representing a significant pivot toward Web3 and virtual world technologies. This diversification appears to be an attempt to capture value from emerging digital asset trends while maintaining its core financial services business. However, the financial performance suggests the company has faced substantial operational challenges. The dramatic shift from positive revenue of $17.5 million in FY 2023 to negative revenue of -$31.3 million in FY 2024 indicates either significant business model changes, accounting adjustments, or operational disruptions that have materially impacted the company's financial profile. The deterioration in key financial metrics, including the current ratio falling below 1.0 and increasing debt levels, suggests the company may be experiencing difficulties in executing its strategic initiatives or maintaining its traditional brokerage operations profitably. The consistent negative EBITDA across reporting periods indicates ongoing challenges in achieving operational efficiency.
LGHL company profile · for informational purposes only — not investment advice.
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