Tamboran Resources Corporation Financials
This page shows Tamboran Resources Corporation (TBN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Tamboran’s visible operating mechanic is external capital funding asset buildout while cash reserves shrink faster than losses suggest.
In FY2025, financing inflows of$101.1M did not rebuild liquidity because operating and investing outflows totaled about$128.4M , leaving cash down to$39.4M from$74.7M even as total assets climbed to$446.5M . That combination says new capital is being converted into a larger asset base, not into a bigger cash buffer, which is the balance-sheet signature of a business still funding development rather than harvesting it.
The liquidity cushion narrowed sharply: the current ratio fell to 1.5x from 3.5x as cash nearly matched current liabilities at
FY2025’s losses were cash-real, not mainly noncash: net loss was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Tamboran Resources Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tamboran Resources Corporation carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Tamboran Resources Corporation's current ratio of 1.55 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (108% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Tamboran Resources Corporation generates a -12.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -8.3% the prior year.
Tamboran Resources Corporation passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Tamboran Resources Corporation generates $0.80 in operating cash flow (-$29.6M OCF vs -$36.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tamboran Resources Corporation earns $-103.2 in operating income for every $1 of interest expense (-$39.3M vs $381K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Tamboran Resources Corporation generated $0 in revenue in fiscal year 2025.
Tamboran Resources Corporation's EBITDA was -$39.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 92.3% from the prior year.
Tamboran Resources Corporation reported -$36.9M in net income in fiscal year 2025. This represents a decrease of 68.4% from the prior year.
Tamboran Resources Corporation earned $-2.52 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 8.5% from the prior year.
Cash & Balance Sheet
Tamboran Resources Corporation held $39.4M in cash against $0 in long-term debt as of fiscal year 2025.
Tamboran Resources Corporation had 17M shares outstanding in fiscal year 2025. This represents an increase of 20.1% from the prior year.
Margins & Returns
Tamboran Resources Corporation's ROE was -12.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.
Capital Allocation
Tamboran Resources Corporation invested $6.0M in research and development in fiscal year 2025.
TBN Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $31K-77.2% | $136K-28.8% | $191K | N/A | $2.0M-38.8% | $3.2M | $0 | N/A |
| SG&A Expenses | $1.5M-10.2% | $1.7M+5.7% | $1.6M | N/A | $1.5M+5.4% | $1.4M-0.4% | $1.4M | N/A |
| Operating Income | -$8.4M-7.3% | -$7.8M+4.9% | -$8.2M | N/A | -$8.8M+41.4% | -$15.0M-115.2% | -$7.0M | N/A |
| Interest Expense | $151K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$9.4M-42.3% | -$6.6M+19.2% | -$8.2M | N/A | -$6.7M+53.0% | -$14.2M-140.3% | -$5.9M | N/A |
| EPS (Diluted) | $-0.42-27.3% | $-0.33+29.3% | $-0.47 | N/A | $-0.46+53.6% | $-0.99-136.7% | $-0.42 | N/A |
TBN Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $672.1M+11.9% | $600.6M+24.0% | $484.2M+8.4% | $446.5M+17.0% | $381.5M+5.1% | $362.9M-4.8% | $381.2M+6.3% | $358.6M |
| Current Assets | $118.1M+11.0% | $106.4M+128.9% | $46.5M-18.1% | $56.7M+49.4% | $37.9M-43.6% | $67.3M-25.2% | $90.0M-7.6% | $97.3M |
| Cash & Equivalents | $88.2M+5.7% | $83.4M+110.8% | $39.6M+0.3% | $39.4M+53.8% | $25.6M-56.9% | $59.4M-19.7% | $74.0M-0.9% | $74.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $276.5M+14.4% | $241.7M+27.9% | $189.0M+19.1% | $158.7M+12.0% | $141.7M+163.0% | $53.9M-0.6% | $54.2M+6.3% | $51.0M |
| Current Liabilities | $59.1M+11.6% | $53.0M+5.2% | $50.3M+37.5% | $36.6M+6.5% | $34.4M-9.7% | $38.1M+9.6% | $34.7M+24.0% | $28.0M |
| Long-Term Debt | $44.6M+36.8% | $32.6M | N/A | $0 | N/A | $0 | N/A | N/A |
| Total Equity | $395.6M+10.2% | $358.9M+21.6% | $295.1M+2.6% | $287.7M+20.0% | $239.8M-1.7% | $243.9M-11.5% | $275.6M+4.9% | $262.7M |
| Retained Earnings | -$191.5M-5.2% | -$182.1M-3.8% | -$175.5M-4.9% | -$167.3M-6.5% | -$157.1M-4.4% | -$150.4M-10.4% | -$136.3M-4.5% | -$130.4M |
TBN Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$12.5M-1672.4% | -$707K+94.9% | -$13.8M-114.5% | -$6.4M+55.0% | -$14.3M-201.2% | -$4.7M-14.3% | -$4.2M-359.7% | -$904K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$46.3M-21.4% | -$38.1M-34.0% | -$28.4M-13.3% | -$25.1M+33.8% | -$37.9M-77.7% | -$21.3M-47.0% | -$14.5M+30.1% | -$20.7M |
| Financing Cash Flow | $60.6M-36.6% | $95.6M+151.9% | $37.9M-28.0% | $52.7M+210.4% | $17.0M+16.2% | $14.6M-12.7% | $16.7M-76.2% | $70.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TBN Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -2.4%-0.5pp | -1.8%+0.9pp | -2.8% | N/A | -2.8%+3.0pp | -5.8%-3.7pp | -2.1% | N/A |
| Return on Assets | -1.4%-0.3pp | -1.1%+0.6pp | -1.7% | N/A | -1.7%+2.2pp | -3.9%-2.4pp | -1.6% | N/A |
| Current Ratio | 2.00-0.0 | 2.01+1.1 | 0.92-0.6 | 1.55+0.4 | 1.10-0.7 | 1.77-0.8 | 2.59-0.9 | 3.48 |
| Debt-to-Equity | 0.11+0.0 | 0.09-0.5 | 0.64+0.6 | 0.00-0.6 | 0.59+0.6 | 0.00-0.2 | 0.200.0 | 0.19 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Tamboran Resources Corporation's annual revenue?
Tamboran Resources Corporation (TBN) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Tamboran Resources Corporation profitable?
No, Tamboran Resources Corporation (TBN) reported a net income of -$36.9M in fiscal year 2025.
What is Tamboran Resources Corporation's EBITDA?
Tamboran Resources Corporation (TBN) had EBITDA of -$39.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tamboran Resources Corporation have?
As of fiscal year 2025, Tamboran Resources Corporation (TBN) had $39.4M in cash and equivalents against $0 in long-term debt.
What is Tamboran Resources Corporation's return on equity (ROE)?
Tamboran Resources Corporation (TBN) has a return on equity of -12.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tamboran Resources Corporation's operating cash flow?
Tamboran Resources Corporation (TBN) generated -$29.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tamboran Resources Corporation's total assets?
Tamboran Resources Corporation (TBN) had $446.5M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Tamboran Resources Corporation spend on research and development?
Tamboran Resources Corporation (TBN) invested $6.0M in research and development during fiscal year 2025.
What is Tamboran Resources Corporation's current ratio?
Tamboran Resources Corporation (TBN) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Tamboran Resources Corporation's debt-to-equity ratio?
Tamboran Resources Corporation (TBN) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tamboran Resources Corporation's return on assets (ROA)?
Tamboran Resources Corporation (TBN) had a return on assets of -8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tamboran Resources Corporation's cash runway?
Based on fiscal year 2025 data, Tamboran Resources Corporation (TBN) had $39.4M in cash against an annual operating cash burn of $29.6M. This gives an estimated cash runway of approximately 16 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Tamboran Resources Corporation's Piotroski F-Score?
Tamboran Resources Corporation (TBN) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tamboran Resources Corporation's earnings high quality?
Tamboran Resources Corporation (TBN) has an earnings quality ratio of 0.80x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tamboran Resources Corporation cover its interest payments?
Tamboran Resources Corporation (TBN) has an interest coverage ratio of -103.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tamboran Resources Corporation?
Tamboran Resources Corporation (TBN) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.