Top KingWin Ltd DPU
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $8.04M, +79.6% YoY · Filed Apr 8, 2026
Top KingWin Ltd (DPU) files with the SEC under industry code 7389, Services-Business Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $8.0 million and a net loss of $24.0 million. Free cash flow was -$1.3 million.
Revenue
$8.04M
+79.6% vs prior year
Net income
$-24.02M
-176.8% vs prior year
Operating cash flow
$-1.30M
+96.7% vs prior year
Free cash flow
$-1.31M
+96.7% vs prior year
EPS
$-26.92
+34.9% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$222,016
FY 2024
Operating margin
-301.6%
FY 2025
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- DPU (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Shenzhen
- SEC filer status
- Non-accelerated filer, Emerging growth company
- SEC CIK
- 1938865
- Former names
- Top KingWin Ltd (until Sep 3, 2026)
Other Services-Business Services, NEC companies
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- Uber Technologies, Inc UBER
- PDD Holdings Inc. PDD
- Mercadolibre Inc MELI
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Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $8.0M | $4.5M | $5.5M | $3.1M |
| Operating income | -$24.2M | -$7.1M | -$2.5M | -$919,790 |
| Net income | -$24.0M | -$8.7M | -$2.5M | -$771,483 |
| Diluted EPS | -$26.92 | -$41.37 | -$114.16 | -$0.06 |
| Operating cash flow | -$1.3M | -$39.4M | -$1.6M | -$1.4M |
| Free cash flow | -$1.3M | -$39.4M | -$1.7M | -$1.4M |
| Total assets | $33.3M | $41.6M | $10.2M | $5.1M |
| Total liabilities | $3.0M | $5.9M | $2.8M | $3.3M |
| Stockholders' equity | $30.3M | $35.7M | $7.4M | $1.9M |
| Cash and investments | $13.1M | $2.8M | $4.6M | $2.7M |
| Total debt | — | $2.6M | $354,045 | $538,574 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 19, 2026 | Oct 19, 2026 |
| 6-K | Current report (foreign issuer) | Sep 3, 2026 | Sep 3, 2026 |
| 6-K | Current report (foreign issuer) | Aug 19, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | Aug 4, 2026 | Aug 4, 2026 |
| 6-K | Current report (foreign issuer) | Jul 24, 2026 | Jul 24, 2026 |
| 6-K | Current report (foreign issuer) | Jun 25, 2026 | Jun 25, 2026 |
All 108 Top KingWin Ltd SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.