Reading the annual reports…

First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.

Waton Financial Ltd (WTF) financial health, profit and balance sheet · Scorvest

WTF · Nasdaq · United States · Security & Commodity Brokers, Dealers, Exchanges & Services

Waton Financial Ltd

Hong Kong, Hong Kong · Fiscal year ends in March · Figures in USD

+ Add to watchlist Compare

In shortWaton Financial Ltd is loss-making.

Financial health

Mixed

Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.

How is this score calculated? →

Profitability0

Operating marginShare of each sale left after running the business, before interest and tax.	-131.1%	0/100
Net marginShare of each sale left as profit after every cost, interest and tax.	-136.7%	0/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	-87.9%	0/100

Weight in the score: 25%

Balance sheet100
Equity / assets 39.7% 100/100
Weight in the score: 25%

Equity / assets	39.7%	100/100

Cash generation–

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	-66.6%	n/a
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	–	n/a
Years with positive free cash flow (last 5)	2 of 4	n/a

Weight in the score: 20%

Stability24
Profitable years (last 5) 2 of 4 50/100
Years of revenue decline (last 5) 1 of 3 44/100
Revenue growth volatility 52.5% 0/100
Operating margin volatility 103.6% 0/100
Weight in the score: 20%
Growth100
Revenue growth, 3-year average 24.5% 100/100
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	2 of 4	50/100
Years of revenue decline (last 5)	1 of 3	44/100
Revenue growth volatility	52.5%	0/100
Operating margin volatility	103.6%	0/100

Revenue growth, 3-year average	24.5%	100/100
EPS growth, 3-year average	–	n/a

Fiscal year 2026 · change vs prior year

Revenue: $11.1M; ▲ 48.8%
Net income: −$15.2M; ▼ 26.6%
Total assets: $54.7M; ▲ 77.9%
Operating margin: −131.1%; +11.9 pts
Cash & investments: $10.4M; –
Total debt: –; –
Diluted EPS: −$0.31; ▼ 6.9%
Return on equity: −87.9%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

Statements

The last 4 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY23	FY24	FY25	FY26
Revenue	5.7	10	7.4	11
Research & development	0	0	0.4	0.7
Operating income	3.1	2.9	(11)	(15)
Pre-tax income	3.8	2.9	(12)	(15)
Income tax	0.7	0.4	0.2	0
Net income	3.1	2.5	(12)	(15)
Diluted EPS	$0.09	$0.04	−$0.29	−$0.31
Diluted shares (millions)	35	63	42	48

🔒 Export to Excel · Investor plan

Risk checks

Altman Z'' score

Not computed: the model does not apply to banks and insurers.

Piotroski F-score

4/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: failed
Positive operating cash flow: failed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: passed
No share dilution: failed
Gross margin improved: not available
Asset turnover improved: failed

Sources

20-FPeriod ending Mar 31, 2026Filed Jul 31, 2026Open the report ↗
20-FPeriod ending Mar 31, 2025Filed Jul 24, 2025Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Mar 31, 2026 · Data updated Jul 31, 2026