Lion Group Holding Ltd
liongrouphl.comWhat Do They Do?
Runs an online trading platform for Chinese investors to trade total return swaps, contracts for difference and over-the-counter stock options through Lion Brokers Pro and other apps.
20-F for FY2025, filed Apr 30, 2026
How Do They Make Money?
It earns trading gains or losses by taking the other side of customers’ over-the-counter stock option contracts. It also earns brokerage commissions and fees when customers execute securities, futures and derivative trades.
20-F for FY2025, filed Apr 30, 2026Chief executive officer is determined as the CODM of the Group. The Group has four primary operating segments (1) futures and securities…View ↗
Trading gains (losses) consist of realized and unrealized gains (losses) derived from (i) managed portfolio trading positions where the…View ↗
The Group earns fees and commissions from securities, futures and derivatives brokerage services (including commissions and fees related to…View ↗
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20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by product or service ↗
$9.4M
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20-F for FY2025, filed Apr 30, 2026
$9.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
CFD Trading
Usage-based
|
0.0%
FY2022: 270%
|
CFD Trading, FY2025
$321 Sources
|
Usage-based |
|
TRS Trading
Usage-based
20-F for FY2025, filed Apr 30, 2026 |
9.8%
FY2022: 24%
|
TRS Trading, FY2025
$923.5K Sources
|
Usage-based |
|
OTC Stock option trading
|
86% |
OTC Stock option trading, FY2025
$8.1M Sources
|
|
|
Other
|
4.0%
FY2022: −61%
|
Other, FY2025
$377.2K Sources
|
Who Are Their Customers?
The company serves mostly well-educated, affluent Chinese investors inside and outside the PRC, excluding the United States, through Lion Brokers Pro and other apps.
20-F for FY2025, filed Apr 30, 2026
Do Revenues Turn Into Profits?
No. It lost $5M in FY2025.
How Are They Changing?
Shrinking. Revenue fell 62% in 4 years, from $25M in FY2021 to $9.4M in FY2025, about 22% a year.
Narrower trading focus
The earlier report lists securities and futures brokerage, insurance brokerage and asset management alongside total return swap and contracts-for-difference services; the latest describes total return swaps, contracts for difference and over-the-counter stock options, after selling insurance and leaving Hong Kong securities and futures brokerage.
20-F for FY2022, filed Apr 28, 2023 20-F for FY2025, filed Apr 30, 2026We are one of the few Chinese investor-focused trading platforms that offer a wide spectrum of products and services. Currently, our…View ↗
Who Do They Compete With?
Competes with CMC Markets, IG, Forex.com, Interactive Broker, Tiger Securities, and Futu Holdings
20-F for FY2025, filed Apr 30, 2026We mainly operate in the online CFD trading market and the futures and securities brokerage market and for global Chinese investors, which…View ↗
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