Lion Group (ADR) (LGHL)
Chinese-investor-focused platform for TRS, CFDs, and OTC stock options.
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Provides TRS, CFD, and OTC stock-options trading through Lion Brokers Pro, serving mostly Chinese investors outside the United States. Revenue centers on OTC options, while operating activities have narrowed to Cayman Islands subsidiaries under CIMA oversight.
Provides total-return swaps, contracts for difference, and over-the-counter stock options through Lion Brokers Pro and companion desktop and mobile applications. The platform serves mostly Chinese investors living inside and outside mainland China, excluding the United States; OTC options are predominantly linked to China A-shares, while TRS orders are generally matched back-to-back with swap counterparties.
Revenue is concentrated in OTC stock-options trading, where it writes options and may offset positions with third-party issuers. The business has withdrawn from Hong Kong futures and securities brokerage and now operates primarily through Cayman Islands subsidiaries, with CIMA as its sole remaining operating regulator. Customer access depends on cross-border financial rules and licensing, and its digital-asset treasury is held mainly in pledged, blocked custody accounts.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $24.0M · Total debt $18.3M · Total assets $54.6M · Shareholders' equity $25.6M
- Revenue
- $12.0M
- Operating income
- $4.4M
- Net income
- $2.6M
No dividends on record.
| Institutions | 695.40% | 1.4K ADS | |
|---|---|---|---|
| 5 holders · as of Jun 30, 2026 | |||
| Adds to | 695.40% | ||
199 ADS as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
These groups come from separate filings that can overlap, so they add to 695.40%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
HRT Financial LPInstitution | 459.10% | 164,448 ADS | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 117.07% | 41,934 ADS | as of Jun 30, 2026 |
XTX Topco LtdInstitution | 84.37% | 30,223 ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 34.85% | 12,483 ADS | as of Jun 30, 2026 |
Gamma Investing LLCInstitution | 0.01% | 5 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | HRT Financial LP | 10 percent owner | −45,130 | $0.9390 |
| Aug 5, 2026 | HRT Financial LP | 10 percent owner | −10,392 | $0.9270 |
| Aug 3, 2026 | HRT Financial LP | 10 percent owner | −1,827 | $0.9260 |
| Aug 4, 2026 | HRT Financial LP | 10 percent owner | +13,764 | $0.9200 |
| Jul 30, 2026 | HRT Financial LP | 10 percent owner | −16,205 | $1.04 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lion Group (ADR) | $7.69 | −0.90% | $1.5K | — | — | 0.0 | — |
| Interactive Brokers | $92.85 | +1.06% | $158.77B | 36.8 | 31.7 | 14.3 | +31.9% |
| StoneX Group | $67.68 | −2.31% | $8.24B | 12.0 | 16.3 | 0.1 | +43.3% |
| Futu (ADR) | $112.14 | −1.91% | $15.95B | 11.3 | 10.4 | 4.8 | +35.7% |
| Median | 12.0 | 16.3 | 4.8 | +35.7% |