New York, May 21, 2026, 18:06 EDT
TROOPS, Inc. (TROO) fell 5.4% Thursday, ending the session at $3.83. The stock opened at $4.02 and traded near the session low of $3.78. After the close, TROO was last seen at $3.90 with lighter trading. The high for the session was $4.14.
TROOPS was down on a day when the main indexes saw some gains. The S&P 500 finished up 0.17%. The Nasdaq Composite edged higher by 0.09%. The Dow closed at another record, gaining 0.55%.
TROO is seeing big moves. Shares climbed from a 52-week low of $0.58 to $5.28. Volume was about 247,000, which is under the Google Finance average of 321,000 or so. Thin trading can fuel fast price changes when big orders land.
Markets were closed for normal trading when this story went out. Nasdaq stocks trade from 9:30 a.m. to 4 p.m. ET most days. After-hours is from 4 to 8 p.m. Nasdaq warns there’s often less liquidity and higher volatility then, so prices might move more than during regular hours.
TROOPS is relying on its latest annual report. The company filed its Form 20-F with the SEC on April 30, reporting for the year ended Dec. 31, 2025. The Form 20-F is used by foreign-listed firms in the U.S.
Revenue rose to $17.1 million in 2025, up from $10.1 million last year, the filing showed. The increase was driven by insurance-product consulting and service revenue recognized at a point in time. Net loss widened to $27.91 million, from a loss of $13.41 million the year before.
TROOPS is facing higher costs. Cost of revenues jumped 91% to $15.53 million, while gross profit slipped to $1.56 million from $1.94 million. General and administrative expenses rose to $17.93 million, driven mostly by increased legal and professional fees.
TROOPS describes itself as a Hong Kong group active in tech, online finance, money lending, investment and property leasing. The website lists Damian Thurnheer as president and CEO.
TROOPS isn’t a clear match with listed peers. Some market filters put it next to smaller U.S. credit outfits such as Oportun Financial or Open Lending. But filings from TROOPS mention property and insurance consulting, plus work in Hong Kong. TROOPS isn’t moving like a typical U.S. lender.
This wasn’t just about a rough session. In an SEC filing on March 27, TROOPS and two subsidiaries were ordered by Hong Kong’s Court of First Instance to pay HK$163.4 million. A separate order hit TROOPS and another subsidiary for HK$241.4 million. That same filing flagged a winding-up petition in the Cayman Islands, a step that can prompt liquidation, with court battles and appeals possibly dragging on until 2027.
Nasdaq’s U.S. stock markets will close on Monday, May 25 for Memorial Day, trimming the trading week. The last full session is set for Friday.
TROO is stuck in a tight range. The stock dropped Thursday, so traders are watching to see if this is a pause in a shaky rally or if problems like the annual report loss, looming legal dates, and thin liquidity will keep TROO down. The next move could come fast.
