TOP — what changed in the latest 10-Q
A section-by-section comparison of TOP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-08-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +67 | −44 | ~21 | 49 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
In August 2026, the Board of Directors approved a major strategic initiative to expand the use of artificial intelligence (AI) across our core financial business. Under this new technical mandate, we will develop and deploy advanced AI solutions designed to create scalable, technology-driven busines…
Our revenues were US$2.2 million and US$1.5 million for the three months ended September 30, 2026 and 2025, respectively. We, through our Operating Subsidiaries, generated net income of US$0.3 million and US$0.1 million for the three months ended September 30, 2026 and 2025. Our revenues were US$3.3…
We plan to keep our business growing by expanding our customer base to include retail investors of a wider range of wealth within the Asian communities across the globe, by increasing the products we offer to include securities and futures from a larger number of stock exchanges, by offering service…
On March 25, 2026, we entered into the Securities Purchase Agreement (the “Securities Purchase Agreement”), with certain non-U.S. investors (each a “Purchaser”) relating to the issuance and sale of 42,886,244 units (“Units”) (after giving effect to share consolidation at a ratio of 5-for-1 on August…
In August 2026, our Board of Directors approved a major strategic initiative to expand the use of artificial intelligence (AI) across its core financial business. Under this new technical mandate, we will develop and deploy advanced AI solutions designed to create scalable, technology-driven busines…
Text removed vs the prior filing · source: 10-Q · 2026-08-17
Our revenues were US$1.1 million and US$1.3 million for the three months ended June 30, 2026 and 2025, respectively. We, through our Operating Subsidiaries, generated net loss of US$0.1 million and net income of US$0.1 million for the three months ended June 30, 2026 and 2025. The net loss for the t…
We plan to keep our business growing by expanding our customer base to include retail investors of a wider range of wealth within the Asian communities across the globe, by increasing the products we offer to include securities and futures from a larger number of stock exchanges, and by offering ser…
On March 25, 2026, we entered into the Securities Purchase Agreement (the “Securities Purchase Agreement”), with certain non-U.S. investors (each a “Purchaser”) relating to the issuance and sale of 214,431,222 units (“Units”), with each Unit consisting of (i) one Class A ordinary share, par value US…
Futures brokerage commissions represent commission income on futures broking that are charged at a fixed rate for each transaction our customers executed through our online trading platforms, all of which are under the consolidated accounts where the customer information is not disclosed to the thir…
Virtual asset brokerage commissions represent commission income on virtual asset conversion from/into US dollar that are charged at a fixed rate for each transaction our customers executed through our online trading platforms, all of which are under the consolidated accounts where the customer infor…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-28
As of October 13, 2026, the Company had a total of 123,706,506 ordinary shares outstanding, consisting of 121,706,506 Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares (after giving effect to share consolidation at a ratio of 5-for-1 on August 3, 2026). Of the outstanding Class A Ordinar…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice