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LGHL on Nasdaq

Lion Group Holding Ltd

Lion Group Holding Ltd is a security brokers company in the Cayman Islands, listed on Nasdaq (LGHL).1

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Last updated Oct 21, 2026.

Overview

$9.4MRevenue, fiscal 20252
-$5.0MNet income, fiscal 20252

Compare with Associated Capital Group, Inc., Solowin Holdings, Ltd. or SIEBERT FINANCIAL CORP, or pick any stock.

  • TickerLGHL on Nasdaq1
  • IndustrySecurity Brokers, Dealers & Flotation Companies1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address10 Ubi Crescent, #06-51 (Office 12), Ubi Techpark, Lobby C, Singapore, 4085743
  • Filer categoryNon-accelerated filer3

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Limited was incorporated under the laws of British Virgin Islands as a holding company of BC Wealth Management Limited.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-52.8%Net margin2
-293.0%Revenue growth, 20252
-19.3%Return on equity2
-$3.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

OTCStock Option Trading brought in 86% of the revenue Lion Group Holding Ltd broke down this way in fiscal 2025.

  1. OTCStock Option Trading$8.1M286%up 201% from 2024
  2. TRSTrading$923.5K210%up 10004% from 2024
  3. Other$377.2K24%down 80% from 2024
  4. CFDTrading$32120%down 100% from 2024
Products and services by year
Products and services202320242025
OTCStock Option Trading-$798.7K-$8.0M$8.1M
TRSTrading-$2.3M$9.1K$923.5K
Other$2.3M$1.9M$377.2K
CFDTrading$19.3M$521.9K$321

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$9.4M
  • Income tax0¢$1.0K

Out of $9.4M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$9.4M in 2025+43% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $6.6M$6.6M20182019: $18.5M$18.5M2019+182%2020: $10.2M$10.2M2020−45%2021: $25.0M$25.0M2021+144%2022: -$2.5M-$2.5M20222023: $21.1M$21.1M20232024: -$4.9M-$4.9M20242025: $9.4M$9.4M2025
Gross profit56789-$4.9M in 2024
-$10.0M0$10.0M$20.0M$30.0M2018: $6.6M$6.6M20182019: $18.5M$18.5M2019+182%2020: $10.2M$10.2M2020−45%2021: $25.2M$25.2M2021+146%2022: -$2.5M-$2.5M20222023: $21.1M$21.1M20232024: -$4.9M-$4.9M2024
Operating income5678-$5.8M in 2023+112% since 2018
-$40.0M-$20.0M0$20.0M2018: -$2.7M-$2.7M20182019: $8.3M$8.3M20192020: -$2.6M-$2.6M20202021: -$772.3K-$772.3K2021−70%2022: -$34.0M-$34.0M2022+4299%2023: -$5.8M-$5.8M2023−83%
Net income567892-$5.0M in 2025+79% since 2018
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2018: -$2.8M-$2.8M20182019: $8.2M$8.2M20192020: -$2.6M-$2.6M20202021: $22.8K$22.8K20212022: -$31.6M-$31.6M20222023: -$5.3M-$5.3M2023−83%2024: -$27.4M-$27.4M2024+422%2025: -$5.0M-$5.0M2025−82%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Commissions fees income$2.6K$1.2M$7.0M
Interest income$173.4K$693.0K$2.4M
Trading gains (loss)$785.4K-$32.5M$10.5M
Staking reward from digital assets$45.3K
Other income$8.4M$25.7M$1.2M
Total (loss) revenue$9.4M-$4.9M$21.1M
Commissions and fees$1.9K$955.8K$3.4M
Custodian and other fees for digital assets$196.2K
Compensation and benefits$1.7M$3.3M$4.1M
Occupancy$154.8K$747.8K$870.3K
Communication and technology$1.5M$3.4M$3.1M
General and administrative$603.2K$878.5K$1.4M
Professional fees$1.8M$4.5M$3.4M
Services fees$578.0K$1.9M$2.4M
Interest$2.1M$821.9K$2.4M
Depreciation and amortization$2.4M$2.4M$1.8M
Marketing$77.8K$3.6M$4.2M
Change in fair value of warrant liabilities-$123.2K$13.5K-$565.3K
Change in fair value of digital assets$3.1M
Investment loss on digital assets$312.7K
Other operating (income) expenses, net-$86.0K$240.4K$437.3K
Total expenses$14.4M$22.7M$26.9M
Loss before income taxes-$5.0M-$27.6M-$5.8M
Income tax expense-$1.0K-$1.2K-$1.1K
Net loss-$5.0M-$27.6M-$5.8M
Less: net loss attributable to non-controlling interests-$11.5K-$105.4K-$568.0K
Net loss attributable to LGHL-$5.0M-$27.4M-$5.3M
Deemed dividend on the effect of the down round features-$2.9M-$429.0K-$6.1M
Deemed dividend on the effect of the warrant modification-$612.0K-$3.1M
Net loss attributable to LGHL ordinary shareholders-$8.5M-$27.9M-$14.5M
Loss per share - basic (in Dollars per share)-$29.12-$1,701.75-$3,859.21
Loss per share - diluted (in Dollars per share)-$29.12-$1,701.75-$3,859.21

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Corporate structure

Lion Group Holding Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lion Group Holding Ltd

  • Marex Financial Filed SCHEDULE 13G on Lion Group Holding Ltd, latest Feb 17, 2026
  • ATW Partners Opportunities Management, LLC Filed SCHEDULE 13G on Lion Group Holding Ltd, latest Jul 9, 2025
  • Chunning Wang Filed SC 13D on Lion Group Holding Ltd, latest Jun 28, 2024
  • Sze Hau Lee Filed SC 13G on Lion Group Holding Ltd, latest Jun 28, 2024
  • Yan Zhang Filed SC 13G on Lion Group Holding Ltd, latest Jun 28, 2024
  • Lion Group Holding Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lion Group Holding Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$24.0M2 Dec 31, 2025$24.1M2 Dec 31, 2024−0.5%
Accumulated depreciation$9.0M2 Dec 31, 2025$6.7M2 Dec 31, 2024+33.6%
Property and equipment, net$15.0M2 Dec 31, 2025$17.4M2 Dec 31, 2024−13.7%
Operating-lease assets (leased space)$106.5K2 Dec 31, 2025$205.5K2 Dec 31, 2024−48.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.1M2 Dec 31, 2025$16.9M2 Dec 31, 2024+18.8%
Equity securities at fair value$8.6K2 Dec 31, 2025$2.4K2 Dec 31, 2024+256.7%
Long-term investments$16.3K2 Dec 31, 2025$1.4M8 Dec 31, 2022−98.9%

Leadership

Who has led Lion Group Holding Ltd, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Sze Hau Lee2026–now
Board members and other officers (4)

Filings

164 filings to the SEC since October 2021: 6 annual reports, 23 insider forms, 5 large holders, 130 other. The latest 20:

  1. Sep 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Sep 10, 2026F-6 POS REGISTRATION STATEMENT EDGAR
  6. Sep 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Aug 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 31, 20264 PRIMARY DOCUMENT EDGAR
  14. Jul 31, 20263 PRIMARY DOCUMENT EDGAR
  15. Jul 28, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 23, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 21, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Jul 17, 20264 PRIMARY DOCUMENT EDGAR

The 164 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 11 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026HRT FINANCIAL LP10% ownerSale45,130$0.94$42.4KForm 4
Aug 5, 2026HRT FINANCIAL LP10% ownerSale10,392$0.93$9.7KForm 4
Aug 4, 2026HRT FINANCIAL LP10% ownerBuy13,764$0.92$12.7KForm 4
Aug 3, 2026HRT FINANCIAL LP10% ownerSale1,827$0.93$1.7KForm 4
Jul 31, 2026HRT FINANCIAL LP10% ownerBuy34,355$0.94$32.3KForm 4
Jul 30, 2026HRT FINANCIAL LP10% ownerSale16,205$1.04$16.9KForm 4
Jul 29, 2026HRT FINANCIAL LP10% ownerSale3,029$1.21$3.7KForm 4
Jul 27, 2026HRT FINANCIAL LP10% ownerSale93,931$1.59$149.3KForm 4
Jul 24, 2026HRT FINANCIAL LP10% ownerBuy27,702$0.95$26.3KForm 4
Jul 23, 2026HRT FINANCIAL LP10% ownerSale8,435$1.43$12.1KForm 4
Jul 22, 2026HRT FINANCIAL LP10% ownerSale3,763$1.36$5.1KForm 4
Jul 21, 2026HRT FINANCIAL LP10% ownerSale31,226$1.46$45.6KForm 4
Jul 20, 2026HRT FINANCIAL LP10% ownerSale4,366$1.55$6.8KForm 4
Jul 17, 2026HRT FINANCIAL LP10% ownerBuy36$1.77$64Form 4
Jul 16, 2026HRT FINANCIAL LP10% ownerBuy32,033$1.82$58.3KForm 4
Jul 15, 2026HRT FINANCIAL LP10% ownerBuy66,757$1.89$126.2KForm 4
Apr 10, 2026HRT FINANCIAL LP10% ownerSale39,250$0.88$34.5KForm 4
Apr 9, 2026HRT FINANCIAL LP10% ownerBuy1,452$0.89$1.3KForm 4
Apr 8, 2026HRT FINANCIAL LP10% ownerBuy590$0.96$566Form 4
Apr 7, 2026HRT FINANCIAL LP10% ownerBuy24,433$0.90$22.0KForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Lion Group Holding Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLion Group Holding Ltd1
  • CIK0001806524
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address10 Ubi Crescent, #06-51 (Office 12), Ubi Techpark, Lobby C, Singapore, 408574, Singapore1
  • Phone65 8877 38711
  • Shares outstanding150,847,024,115 Common Class A shares; 811,544,015 Common Class B shares as of Dec 31, 20254
  • AuditorHTL International, LLC, Houston, Texas PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 23, 20201
  • Filings239 in all: 6-K (97), CORRESP (17), F-1/A (15), UPLOAD (14), 4 (13), 424B3 (13), 3 (10), EFFECT (8)1
    All 33 form types

    20-F (6), F-1 (6), F-3/A (5), F-6 POS (4), F-4/A (3), SC 13G (3), 20-F/A (2), 6-K/A (2), F-3 (2), RW (2), S-8 (2), SCHEDULE 13G (2), 20FR12B (1), 25-NSE (1), 8-A12B (1), 8-A12B/A (1), AW (1), CERT (1), DEL AM (1), F-4 (1), F-6 (1), F-6EF (1), POS AM (1), PREM14A (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares represented by American Depositary Shares (“ADSs”)LGHLNasdaq
Class A ordinary shares, par value US$0.0001 per shareNasdaq

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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