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WTF on Nasdaq

Waton Financial Ltd

Waton Financial Ltd is a security and commodity brokers company in the British Virgin Islands.1 It is headquartered in Hong Kong, Hong Kong.1 Its shares trade on Nasdaq under the symbol WTF.1

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Last updated Oct 21, 2026.

Overview

$11.1MRevenue, fiscal 20262
-$15.2MNet income, fiscal 20262

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  • TickerWTF on Nasdaq1
  • IndustrySecurity & Commodity Brokers, Dealers, Exchanges & Services1
  • HeadquartersHong Kong, Hong Kong1
  • Incorporated inVirgin Islands, British3
  • Business address3605-06, 36/F, Tower 6 The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, K3 None3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Ordinary Shares were previously approved for listing on the Nasdaq Capital Market and commenced trading under the ticker symbol “WTF” on April 1, 2025.4 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 2026

-131.1%Operating margin2
-136.7%Net margin2
48.8%Revenue growth, 20262
-69.7%Return on equity2
-$7.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Research and development7¢$726.3K
  • Other costs93¢$10.4M

Out of $11.1M in revenue.2 The company lost money this year.

Financial statements

Revenue52$11.1M in 2026+93% since 2023
0$5.0M$10.0M$15.0M2023: $5.7M$5.7M20232024: $10.1M$10.1M2024+75%2025: $7.4M$7.4M2025−26%2026: $11.1M$11.1M2026+49%
Operating income52-$14.5M in 2026
-$15.0M-$10.0M-$5.0M0$5.0M2023: $3.1M$3.1M20232024: $2.9M$2.9M2024−4%2025: -$10.7M-$10.7M20252026: -$14.5M-$14.5M2026+36%
Net income52-$15.2M in 2026
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2023: $3.1M$3.1M20232024: $2.5M$2.5M2024−19%2025: -$12.0M-$12.0M20252026: -$15.2M-$15.2M2026+27%

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

Period ending2026-03-312025-03-312024-03-31
Principal transactions and proprietary trading$520.3K$105.5K-$715.3K
Total revenues$11.1M$7.4M$10.1M
Commissions and brokerage fees$3.1M$246.3K$401.8K
Interest expenses$922.6K$289.9K$158.4K
Compensation and benefits$4.7M$3.2M$2.1M
Share-based compensation expenses$7.1M$8.8M$0
Research and development expenses$726.3K$427.7K$0
Professional service fees$2.6M$1.7M$2.0M
Market information$1.4M$880.8K$580.6K
Lease costs$564.5K$532.6K$435.8K
Allowance for expected credit losses$1.3M$0$0
Marketing fee$829.5K$0$0
Other general and administrative expenses$1.6M$988.2K$666.7K
Total operating costs and expenses$25.6M$18.1M$7.1M
Operating (loss) income-$14.5M-$10.7M$2.9M
Income from foreign currency spread$501.9K$151.0K$49.7K
Disposal loss from investment in equity securities, at NAV-$929.3K$0$0
Equity in losses of equity method investment-$31.6K-$578.3K$0
Impairment loss on investment, cost-$126.6K-$618.6K$0
Others-$39.8K-$116.8K-$56.4K
Total other loss-$625.5K-$1.2M-$6.7K
(Loss) income before income tax expenses-$15.2M-$11.8M$2.9M
Income tax expense$0-$153.4K-$439.9K
Net (loss) income per ordinary share, Basic (in dollars per share)-$0.31-$0.29$0.04
Net (loss) income per ordinary share, Diluted (in dollars per share)-$0.31-$0.29$0.04
Weighted average ordinary shares outstanding, Basic (in shares)48.2M shares41.8M shares62.8M shares
Weighted average ordinary shares outstanding, Diluted (in shares)48.2M shares41.8M shares62.8M shares
Net (loss) income:-$15.2M-$12.0M$2.5M
Foreign currency translation adjustment-$126.2K$83.5K$85.5K
Total comprehensive (loss) income-$15.3M-$11.9M$2.6M

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Corporate structure

Waton Financial 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 Waton Financial Ltd

  • Kai Zhou Filed SCHEDULE 13G on Waton Financial Ltd, latest Sep 3, 2025
  • Waton Financial Ltd Hong Kong, Hong Kong

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

What it owns

What Waton Financial 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$912.9K2 Mar 31, 2026$593.7K2 Mar 31, 2025+53.8%
Accumulated depreciation$618.8K2 Mar 31, 2026$470.4K2 Mar 31, 2025+31.6%
Property and equipment, net$294.1K2 Mar 31, 2026$123.3K2 Mar 31, 2025+138.5%
Operating-lease assets (leased space)$988.4K2 Mar 31, 2026$467.0K2 Mar 31, 2025+111.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.4M2 Mar 31, 2026$7.7M2 Mar 31, 2025+34.9%
Marketable securities, non-current$2.9M5 Mar 31, 2025$3.5M5 Mar 31, 2024−17.1%
Stakes in other companies (equity method)$02 Mar 31, 2026$189.9K2 Mar 31, 2025−100.0%

Leadership

Who has led Waton Financial Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Chun On Franco Chu2026–now

Chief financial officer

  1. Huaxin Wen2026–now
Board members and other officers (4)

Timeline

  1. Mar 23, 2026New chief executive Chun On Franco Chu becomes CEO6

Filings

48 filings to the SEC since October 2021: 2 annual reports, 7 insider forms, 1 large holders, 38 other. The latest 20:

  1. Jul 31, 202620-F 20F EDGAR
  2. Jun 9, 2026POS AM EDGAR
  3. Apr 21, 20266-K EDGAR
  4. Apr 7, 2026UPLOAD EDGAR
  5. Apr 1, 20263 EDGAR
  6. Apr 1, 20263 EDGAR
  7. Apr 1, 20263 EDGAR
  8. Mar 30, 2026CORRESP EDGAR
  9. Mar 24, 2026UPLOAD EDGAR
  10. Mar 23, 20263 EDGAR
  11. Mar 23, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 2, 2026POS AM EDGAR
  15. Jan 29, 20266-K EDGAR
  16. Dec 31, 2025EFFECT EDGAR
  17. Dec 30, 2025F-1/A EDGAR
  18. Dec 29, 2025CORRESP EDGAR
  19. Dec 29, 2025CORRESP EDGAR
  20. Nov 14, 2025F-1 EDGAR

The 48 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.

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 Waton Financial Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWaton Financial Ltd1
  • CIK0001987363
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)6200 Security & Commodity Brokers, Dealers, Exchanges & Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address3605-06, 36/F, Tower 6 The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, K3 NONE1
  • Phone852 285318181
  • Shares outstanding48,237,472 shares as of Mar 31, 20264
  • AuditorUHY LLP, Irvine, California PCAOB ID 1195; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 22, 20231
  • Filings48 in all: 3 (7), CORRESP (7), UPLOAD (5), 6-K (4), F-1/A (4), 20-F (2), DRS (2), DRS/A (2)1
    All 18 form types

    DRSLTR (2), EFFECT (2), F-1 (2), FWP (2), POS AM (2), 424B4 (1), 8-A12B (1), CERT (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Jul 31, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary SharesWTFNasdaq

From the cover page of the 20-F filed Jul 31, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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