LGHL (Lion Group Holding) Operating Income: $-8.09 Mil (TTM As of Dec. 2025)

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LGHL Lion Group Holding Ltd LGHL
28 GF Score
Price $0.79
! 5 Warning Signs
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What is Lion Group Holding Operating Income?

Lion Group Holding LGHL +0.68% 28 Operating Income is $-8.09 Mil as of Dec. 2025. GuruFocus rates LGHL with a GF Score™ of 28/100. The stock has 5 warning signs investors should review.

Lion Group Holding's Operating Income for the six months ended in Dec. 2025 was $0.09 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-8.09 Mil.

Warning Sign:

Lion Group Holding Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Lion Group Holding's Operating Income for the six months ended in Dec. 2025 was $0.09 Mil. Lion Group Holding's Revenue for the six months ended in Dec. 2025 was $4.47 Mil. Therefore, Lion Group Holding's Operating Margin % for the quarter that ended in Dec. 2025 was 2.01%.

Lion Group Holding's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lion Group Holding's annualized ROC % for the quarter that ended in Dec. 2025 was 0.66%. Lion Group Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 56.06%.


Lion Group Holding  (NAS:LGHL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Lion Group Holding's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0.18 * ( 1 - 0% )/( (23.227 + 31.253)/ 2 )
=0.18/27.24
=0.66 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Lion Group Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.812/( ( (16.303 + max(-26.184, 0)) + (15.133 + max(-6.606, 0)) )/ 2 )
=8.812/( ( 16.303 + 15.133 )/ 2 )
=8.812/15.718
=56.06 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.443 + 0 + 0.415) - (27.042 + 0 + -3.5527136788005E-15)
=-26.184

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.275 + 0 + 1.004) - (6.214 + 0 + 2.671)
=-6.606

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Lion Group Holding's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=0.09/4.468
=2.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Lion Group Holding Operating Income Related Terms


Lion Group Holding Operating Income Historical Data

* Premium members only.

The historical data trend for Lion Group Holding's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lion Group Holding Operating Income Chart

Lion Group Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -2.43 -35.26 -7.57 -53.14 -8.09

Lion Group Holding Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.55 -8.39 -44.75 -8.18 0.09
LGHL
28GF Score
Lion Group Holding Ltd LGHL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Lion Group Holding Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-8.09 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-8.09 Mil mean?
Lion Group Holding (LGHL) has a Operating Income of $-8.09 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lion Group Holding and its competitors.
Is Lion Group Holding's Operating Income too high?
Lion Group Holding's current Operating Income is $-8.09 Mil. Overall, Lion Group Holding has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Lion Group Holding's Operating Income compare to MNTR and BEGI?
Lion Group Holding's Operating Income of $-8.09 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Capital Markets company?
A good Operating Income depends on the Capital Markets industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lion Group Holding and its competitors. Lion Group Holding's current Operating Income is $-8.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lion Group Holding stock overvalued right now?
Lion Group Holding (LGHL) has a current Operating Income of $-8.09 Mil. The current Operating Income is $-8.09 Mil. Lion Group Holding's overall GF Score™ is 28/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Lion Group Holding (LGHL), the current Operating Income is $-8.09 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lion Group Holding Business Description

Address 10 Ubi Crescent, No. 06-51, Office 12, Ubi Techpark, Lobby C, Singapore, SGP, 408574
Lion Group Holding Ltd provides an investor-focused trading platform that offers various products and services. The company's current business lines include total return swap (TRS) trading business, contracts for difference (CFD) trading services, and Over-The-Counter (OTC) stock options trading business. It offers these services through its all-in-one Lion Brokers Pro app and a variety of other apps available on iOS, Android, PC, and Mac platforms. The company's clients are mostly well-educated and affluent Chinese investors residing both inside and outside the PRC (excluding the United States). Its operating segments are: OTC Stock option trading, which generates maximum revenue, CFD trading, TRS trading, and Other. Geographically, the company derives maximum revenue from Hong Kong.
28GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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