Transcontinental Financials
This page shows Transcontinental (TCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
At Transcontinental Realty Investors, an asset-heavy balance sheet and weak cash conversion matter more than modest, steady revenue.
In recent years, net income stayed positive while operating income stayed negative; in the latest year, earnings were$13.8M but operating cash flow was-$2.9M . That pattern means reported profit is being shaped more by below-operating and non-cash items than by cash generation from the core asset base.
The balance sheet looks equity-funded, with
The operating-loss improvement appears to come more from cost discipline than from scale, because SG&A fell from
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Transcontinental'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.
Transcontinental passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Transcontinental generates $-0.21 in operating cash flow (-$2.9M OCF vs $13.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Transcontinental earns $-1.0 in operating income for every $1 of interest expense (-$6.3M vs $6.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Transcontinental generated $49.1M in revenue in fiscal year 2025. This represents an increase of 4.2% from the prior year.
Transcontinental's EBITDA was $6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.9% from the prior year.
Transcontinental reported $13.8M in net income in fiscal year 2025. This represents an increase of 135.5% from the prior year.
Transcontinental earned $1.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 135.3% from the prior year.
Cash & Balance Sheet
Transcontinental held $14.1M in cash against $210.8M in long-term debt as of fiscal year 2025.
Transcontinental paid $0.00 per share in dividends in fiscal year 2025.
Transcontinental had 9M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Transcontinental's operating margin was -12.9% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.
Transcontinental's net profit margin was 28.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.7 percentage points from the prior year.
Transcontinental's ROE was 1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.
Capital Allocation
TCI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.3M+2.4% | $12.1M-6.1% | $12.8M+5.6% | $12.2M+1.3% | $12.0M+1.8% | $11.8M+1.6% | $11.6M-1.4% | $11.8M |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.3M | N/A | $1.6M+15.3% | $1.4M+2.3% | $1.4M | N/A | $1.2M-13.5% | $1.4M |
| Operating Income | -$2.0M+43.8% | -$3.5M-149.9% | -$1.4M-69.2% | -$825K-29.9% | -$635K+62.4% | -$1.7M-1.3% | -$1.7M-54.3% | -$1.1M |
| Interest Expense | $2.9M | N/A | $1.7M-5.0% | $1.7M-2.4% | $1.8M | N/A | $2.1M+11.4% | $1.9M |
| Income Tax | -$431K | N/A | $1.6M-23.0% | $2.0M+54.5% | $1.3M | N/A | $546K-18.4% | $669K |
| Net Income | $168K-98.0% | $8.3M+1045.3% | $724K+328.4% | $169K-96.3% | $4.6M+4175.9% | $108K-93.7% | $1.7M+14.0% | $1.5M |
| EPS (Diluted) | $0.02-97.9% | $0.97+1112.5% | $0.08+300.0% | $0.02-96.2% | $0.53+5200.0% | $0.01-95.0% | $0.20+17.6% | $0.17 |
TCI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B-0.3% | $1.1B-0.2% | $1.1B+0.7% | $1.1B+4.0% | $1.1B+1.2% | $1.1B+1.3% | $1.1B+0.9% | $1.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $9.5M-32.7% | $14.1M+18.3% | $11.9M-23.0% | $15.4M+12.1% | $13.8M-30.8% | $19.9M-49.6% | $39.5M-14.2% | $46.0M |
| 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 | $262.3M-1.5% | $266.4M-3.7% | $276.7M+2.6% | $269.6M+19.0% | $226.6M+4.1% | $217.7M+6.7% | $204.1M+4.0% | $196.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $211.9M+0.5% | $210.8M-5.7% | $223.5M+5.2% | $212.4M+7.2% | $198.2M+9.0% | $181.9M+0.9% | $180.3M+1.6% | $177.4M |
| Total Equity | $846.9M0.0% | $846.7M+1.0% | $838.4M+0.1% | $837.7M0.0% | $837.3M+0.6% | $832.3M0.0% | $832.2M+0.2% | $830.4M |
| Retained Earnings | $584.8M0.0% | $584.6M+1.4% | $576.3M+0.1% | $575.6M0.0% | $575.4M+0.8% | $570.8M0.0% | $570.7M+0.3% | $569.0M |
TCI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M-313.2% | -$711K-108.7% | $8.2M+380.2% | -$2.9M+60.8% | -$7.4M+52.8% | -$15.7M-214.9% | $13.7M+2780.8% | -$511K |
| 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 | -$4.5M-133.7% | $13.4M+156.3% | -$23.8M-170.1% | -$8.8M+47.1% | -$16.6M-15.2% | -$14.4M+40.0% | -$24.1M-64.9% | -$14.6M |
| Financing Cash Flow | $1.1M+108.1% | -$13.0M-217.6% | $11.1M-20.5% | $13.9M-10.9% | $15.6M+896.2% | $1.6M-36.0% | $2.4M+372.5% | -$898K |
| 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 |
TCI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -15.9%+13.0pp | -28.9%-18.1pp | -10.9%-4.1pp | -6.8%-1.5pp | -5.3%+9.0pp | -14.3%+0.1pp | -14.4%-5.2pp | -9.2% |
| Net Margin | 1.4%-67.4pp | 68.8%+63.1pp | 5.6%+4.3pp | 1.4%-37.1pp | 38.5%+37.5pp | 0.9%-13.8pp | 14.7%+2.0pp | 12.7% |
| Return on Equity | 0.0%-1.0pp | 1.0%+0.9pp | 0.1%+0.1pp | 0.0%-0.5pp | 0.5%+0.5pp | 0.0%-0.2pp | 0.2%+0.0pp | 0.2% |
| Return on Assets | 0.0%-0.7pp | 0.7%+0.7pp | 0.1%+0.0pp | 0.0%-0.4pp | 0.4%+0.4pp | 0.0%-0.1pp | 0.2%+0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.250.0 | 0.25-0.0 | 0.27+0.0 | 0.25+0.0 | 0.24+0.0 | 0.220.0 | 0.220.0 | 0.21 |
| 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 Transcontinental's annual revenue?
Transcontinental (TCI) reported $49.1M in total revenue for fiscal year 2025. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Transcontinental's revenue growing?
Transcontinental (TCI) revenue grew by 4.2% year-over-year, from $47.1M to $49.1M in fiscal year 2025.
Is Transcontinental profitable?
Yes, Transcontinental (TCI) reported a net income of $13.8M in fiscal year 2025, with a net profit margin of 28.1%.
What is Transcontinental's EBITDA?
Transcontinental (TCI) had EBITDA of $6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Transcontinental have?
As of fiscal year 2025, Transcontinental (TCI) had $14.1M in cash and equivalents against $210.8M in long-term debt.
What is Transcontinental's operating margin?
Transcontinental (TCI) had an operating margin of -12.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Transcontinental's net profit margin?
Transcontinental (TCI) had a net profit margin of 28.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Transcontinental's return on equity (ROE)?
Transcontinental (TCI) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Transcontinental's operating cash flow?
Transcontinental (TCI) generated -$2.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Transcontinental's total assets?
Transcontinental (TCI) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Transcontinental's debt-to-equity ratio?
Transcontinental (TCI) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Transcontinental's return on assets (ROA)?
Transcontinental (TCI) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Transcontinental's cash runway?
Based on fiscal year 2025 data, Transcontinental (TCI) had $14.1M in cash against an annual operating cash burn of $2.9M. This gives an estimated cash runway of approximately 59 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 Transcontinental's Piotroski F-Score?
Transcontinental (TCI) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Transcontinental's earnings high quality?
Transcontinental (TCI) has an earnings quality ratio of -0.21x, 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 Transcontinental cover its interest payments?
Transcontinental (TCI) has an interest coverage ratio of -1.0x, 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 Transcontinental?
Transcontinental (TCI) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.