Delisting riskPopularity #5,148
GLXG · NASDAQ · Staffing & Employment Services

Galaxy Payroll Group (GLXG)

Provides payroll outsourcing and employer-of-record services across Asia through local entities and partners.

$1.00
vs last close+0.02 (+1.85%)
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Galaxy Payroll Group LimitedGLXG
Industrials

Provides payroll outsourcing and employer-of-record services, charging recurring per-employee or employment-administration fees while operating directly in select Asian markets and through local partners elsewhere. Its revenue base depends heavily on mainland China, channel customers, and locally executed compliance.

Processes outsourced payroll and employer-of-record work for multinational customers and human-resources service providers, calculating pay and statutory deductions, arranging bank payments, maintaining records, and preparing employment-related tax filings. For employment services, legally employs customer-selected candidates directly or through in-country partners, seconds them to end-users, and manages employment administration.

Delivers payroll outsourcing directly in mainland China, Hong Kong, Taiwan, and Macau, while its employment-services network extends across Asia-Pacific through owned entities and local partners. Revenue is concentrated in mainland China, and delivery depends on regulatory execution, channel relationships, in-country partners, and secure handling of employee data and client funds. Founder-held Class B shares carry greater voting power than Class A shares.

Company facts

CEOWai Hong Lao
ListedSep 12, 2024
ExchangeNASDAQ
HeadquartersSheung Wan, Hong Kong
CountryHong Kong
Employees31
CIK0001905920
ISINVGG376921117

Market cap$1.9M
EPS (ttm)
P/E (ttm)
ROE
P/B4.56
P/S
Dividend yieldDiv yield
Beta2.16vs XLI 0.62

No analyst consensus on record.

EPSReportedEstimate

FY21FY22FY23FY24
Reported$6.06$14.22$3.26$2.10
Estimate
Surprise

RevenueReportedEstimate

FY21FY22FY23FY24
Reported$34.8M$46.9M$19.7M$44.3M
Estimate
Surprise
Estimate
Reported$2.10
Estimate
Reported$44.3M
View details

Debt to equity3.30%
Current ratio239.00%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$244.9K$962.6K$962.8K$874.0K$224.7K$221.8K$894.5K$229.4K
Net income$34.6K$215.4K$55.1K−$499.5K−$128.4K−$321.3K−$73.1K−$18.7K
Net margin14.1%22.4%5.7%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$168.4K$279.4K$71.5K−$509.8K−$131.1K−$321.7K−$91.9K−$23.6K
YoY growth+140.1%−28.8%−29.5%Turned lossTurned lossTurned lossLoss narrowedLoss narrowed

Balance sheet, Dec 31, 2025Cash & short-term investments $543.7K · Total debt $14.0K · Total assets $720.6K · Shareholders' equity $422.7K

Revenue
$229.4K
Operating income
−$23.6K
Net income
−$18.7K

Reported in HKD, converted at the latest exchange rate

View details

No dividends on record.

Institutions4.26%83.6K shares
5 holders · as of Jun 30, 2026
Other95.74%1.88M shares
remainder

1.96M company shares as of Sep 2, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

3 positions filed across a stock split leave their adjustment unstated and stay out of the bar.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Jane Street Group, LLCInstitution
1.67%32,721as of Jun 30, 2026
Virtu Financial LLCInstitution
1.22%24,011as of Jun 30, 2026
Scientech Research LLCInstitution
1.11%21,711as of Jun 30, 2026
UBS Group AGInstitution
0.26%5,117as of Jun 30, 2026
Caitong International Asset Management Co., LtdInstitution
0.00%1as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • ADP

    Direct Hong Kong and multinational payroll-outsourcing rival.

  • ManpowerGroup

    Global workforce provider spanning temporary staffing and talent outsourcing.

  • Alight

    Multi-country payroll platform for global enterprise buyers.

Compare

CompanyPriceChange
Galaxy Payroll Group$1.00+1.85%$1.9M
ADP$268.24−0.63%$107.90B24.721.94.9+6.8%
ManpowerGroup$56.61+0.11%$2.63B25.613.80.1+7.5%
Alight$12.58+5.63%$313.7M2.70.1−3.2%
Median25.113.80.1+6.8%