Tectonic Financial Inc Financials

TECTP

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 31/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Tectonic Financial Inc's revenue surged 16.1% year-over-year to $7.5M, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage

Tectonic Financial Inc has elevated debt relative to equity (D/E of 6.61), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

While Tectonic Financial Inc generated -$86.6M in operating cash flow, capex of $213K consumed most of it, leaving -$86.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Tectonic Financial Inc's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 14.2% the prior year.

Piotroski F-Score Weak

2/9

Tectonic Financial Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-6.22x

For every $1 of reported earnings, Tectonic Financial Inc generates $-6.22 in operating cash flow (-$86.6M OCF vs $13.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Tectonic Financial Inc (TECTP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$7.5M

YoY+16.1%

5Y CAGR+8.1%

Tectonic Financial Inc generated $7.5M in revenue in fiscal year 2024. This represents an increase of 16.1% from the prior year.

EBITDA

N/A

Free Cash Flow

-$86.8M

YoY-158.8%

Tectonic Financial Inc generated -$86.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 158.8% from the prior year.

Net Income

$13.9M

YoY-8.4%

5Y CAGR+12.1%

Tectonic Financial Inc reported $13.9M in net income in fiscal year 2024. This represents a decrease of 8.4% from the prior year.

EPS (Diluted)

$1.68

YoY-10.2%

5Y CAGR+11.4%

Tectonic Financial Inc earned $1.68 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.2% from the prior year.

Cash & Debt

$63.7M

YoY+8.4%

5Y CAGR+25.8%

Tectonic Financial Inc held $63.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-0.3%

5Y CAGR+1.5%

Tectonic Financial Inc had 7M shares outstanding in fiscal year 2024. This represents a decrease of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

186.3%

YoY-50.0pp

5Y CAGR+31.0pp

Tectonic Financial Inc's net profit margin was 186.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 50.0 percentage points from the prior year.

Return on Equity

12.3%

YoY-2.0pp

5Y CAGR-3.3pp

Tectonic Financial Inc's ROE was 12.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$1.6M

YoY+48.8%

Tectonic Financial Inc spent $1.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.8% from the prior year.

Capital Expenditures

$213K

YoY-43.4%

5Y CAGR+3.3%

Tectonic Financial Inc invested $213K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 43.4% from the prior year.

TECTP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$7.5M+16.1%	$6.4M+5.6%	$6.1M-2.5%	$6.3M+22.2%	$5.1M+0.9%	$5.1M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$31.6M+65.5%	$19.1M+223.6%	$5.9M+62.8%	$3.6M-31.2%	$5.3M-15.0%	$6.2M
Income Tax	$4.4M+14.3%	$3.8M-13.3%	$4.4M-7.9%	$4.8M+60.3%	$3.0M+57.6%	$1.9M
Net Income	$13.9M-8.4%	$15.2M-10.6%	$17.0M0.0%	$17.0M+55.9%	$10.9M+38.7%	$7.9M
EPS (Diluted)	$1.68-10.2%	$1.87-11.4%	$2.11-4.5%	$2.21+55.6%	$1.42+44.9%	$0.98

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2.1M+6.6%	$2.0M-0.5%	$2.0M-1.7%	$2.0M+8.4%	$1.8M+6.0%	$1.7M+3.6%	$1.7M+0.9%	$1.7M
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.3M+9.5%	$8.5M+2.4%	$8.3M+1.5%	$8.2M+5.3%	$7.8M+8.3%	$7.2M+26.7%	$5.7M+10.7%	$5.1M
Income Tax	$1.6M+18.1%	$1.3M+7.7%	$1.2M-29.0%	$1.7M+103.0%	$853K+0.6%	$848K+52.2%	$557K-51.8%	$1.2M
Net Income	$5.5M+28.7%	$4.3M-4.1%	$4.5M+49.0%	$3.0M-5.0%	$3.1M+2.8%	$3.1M-7.7%	$3.3M-20.5%	$4.2M
EPS (Diluted)	$0.73+32.7%	$0.55-3.5%	$0.57+62.9%	$0.35-7.9%	$0.38+2.7%	$0.37-7.5%	$0.40-23.1%	$0.52

TECTP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$863.4M+27.5%	$677.3M+10.6%	$612.5M+4.7%	$585.0M+13.9%	$513.4M+40.6%	$365.1M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$63.7M+8.4%	$58.8M+39.4%	$42.2M-8.3%	$46.0M-1.9%	$46.9M+132.0%	$20.2M
Inventory	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
Goodwill	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M+99.8%	$10.7M0.0%	$10.7M
Total Liabilities	$750.0M+31.5%	$570.5M+10.6%	$516.0M+3.2%	$500.2M+10.3%	$453.4M+44.1%	$314.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$113.4M+6.2%	$106.9M+10.7%	$96.5M+13.8%	$84.8M+41.3%	$60.0M+18.9%	$50.5M
Retained Earnings	$68.2M+15.7%	$58.9M+21.3%	$48.6M+39.3%	$34.9M+68.7%	$20.7M+83.0%	$11.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.1B+6.7%	$997.0M+9.5%	$910.5M+5.5%	$863.4M+11.1%	$777.1M-0.1%	$777.6M+14.8%	$677.3M+7.6%	$629.3M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$164.0M+58.1%	$103.7M+54.7%	$67.1M+5.2%	$63.7M-6.6%	$68.3M-46.1%	$126.5M+115.3%	$58.8M+23.1%	$47.7M
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	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M0.0%	$21.4M
Total Liabilities	$944.7M+7.1%	$882.4M+10.4%	$799.1M+6.6%	$750.0M+12.5%	$666.7M-0.4%	$669.1M+17.3%	$570.5M+8.8%	$524.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$119.2M+4.0%	$114.6M+2.9%	$111.3M-1.9%	$113.4M+2.7%	$110.4M+1.8%	$108.5M+1.5%	$106.9M+1.9%	$104.9M
Retained Earnings	$78.9M+5.8%	$74.5M+4.4%	$71.4M+4.8%	$68.2M+8.3%	$62.9M+3.4%	$60.9M+3.3%	$58.9M+3.9%	$56.7M

TECTP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$86.6M-161.0%	-$33.2M+7.3%	-$35.8M+16.8%	-$43.0M-110.5%	-$20.4M-12.5%	-$18.2M
Capital Expenditures	$213K-43.4%	$376K+193.8%	$128K-28.1%	$178K+191.8%	$61K-66.3%	$181K
Free Cash Flow	-$86.8M-158.8%	-$33.6M+6.6%	-$35.9M+16.9%	-$43.2M-110.7%	-$20.5M-11.7%	-$18.4M
Investing Cash Flow	-$74.0M-11412.8%	-$643K-103.0%	$21.2M-28.2%	$29.5M+133.7%	-$87.4M-273.7%	-$23.4M
Financing Cash Flow	$165.6M+228.3%	$50.4M+367.7%	$10.8M-15.0%	$12.7M-90.6%	$134.6M+210.6%	$43.3M
Dividends Paid	$2.8M+39.6%	$2.0M+14.9%	$1.8M+36.6%	$1.3M	$0-100.0%	$640K
Share Buybacks	$1.6M+48.8%	$1.1M+127.4%	$481K	$0	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$17.3M+46.9%	-$32.5M+8.8%	-$35.6M-17.6%	-$30.3M+1.3%	-$30.7M-870.6%	-$3.2M+81.1%	-$16.7M-223.8%	-$5.2M
Capital Expenditures	$7K	$0-100.0%	$7K	$0-100.0%	$48K-68.2%	$151K+2257.1%	-$7K-108.1%	$86K
Free Cash Flow	-$17.3M+46.8%	-$32.5M+8.8%	-$35.6M-17.6%	-$30.3M+1.5%	-$30.7M-827.9%	-$3.3M+80.2%	-$16.7M-218.7%	-$5.2M
Investing Cash Flow	$19.8M+253.3%	-$12.9M-359.4%	-$2.8M+87.1%	-$21.8M+7.1%	-$23.5M-8.2%	-$21.7M-23.4%	-$17.6M-400.3%	$5.9M
Financing Cash Flow	$57.7M-29.8%	$82.1M+96.6%	$41.8M+220.3%	$13.0M+416.4%	-$4.1M-104.4%	$92.6M+104.3%	$45.3M+2436.6%	$1.8M
Dividends Paid	$678K0.0%	$678K+0.1%	$677K-4.1%	$706K-0.4%	$709K-0.1%	$710K+1.0%	$703K+59.4%	$441K
Share Buybacks	$0	$0-100.0%	$5.7M+639.9%	$771K+209.6%	$249K0.0%	$249K-74.9%	$994K	$0

TECTP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	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
Net Margin	186.3%-50.0pp	236.3%-43.0pp	279.3%+6.8pp	272.5%+59.0pp	213.5%+58.1pp	155.3%
Return on Equity	12.3%-2.0pp	14.2%-3.4pp	17.6%-2.4pp	20.1%+1.9pp	18.2%+2.6pp	15.6%
Return on Assets	1.6%-0.6pp	2.3%-0.5pp	2.8%-0.1pp	2.9%+0.8pp	2.1%-0.0pp	2.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.61+1.3	5.340.0	5.35-0.6	5.90-1.7	7.56+1.3	6.23
FCF Margin	-1160.9%-639.9pp	-521.0%+68.0pp	-589.0%+102.2pp	-691.2%-290.5pp	-400.7%-38.7pp	-362.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	263.7%+45.2pp	218.5%-8.3pp	226.7%+77.2pp	149.6%-21.2pp	170.7%-5.3pp	176.0%-21.4pp	197.4%-53.2pp	250.6%
Return on Equity	4.6%+0.9pp	3.7%-0.3pp	4.0%+1.4pp	2.6%-0.2pp	2.9%+0.0pp	2.8%-0.3pp	3.1%-0.9pp	4.0%
Return on Assets	0.5%+0.1pp	0.4%-0.1pp	0.5%+0.1pp	0.4%-0.1pp	0.4%+0.0pp	0.4%-0.1pp	0.5%-0.2pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.93+0.2	7.70+0.5	7.18+0.6	6.61+0.6	6.04-0.1	6.17+0.8	5.34+0.3	5.00
FCF Margin	-828.7%+833.2pp	-1661.9%+152.1pp	-1814.0%-297.7pp	-1516.3%+152.1pp	-1668.4%-1477.9pp	-190.6%+805.7pp	-996.3%-680.8pp	-315.4%

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Frequently Asked Questions

What is Tectonic Financial Inc's annual revenue?

Tectonic Financial Inc (TECTP) reported $7.5M in total revenue for fiscal year 2024. This represents a 16.1% 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 Tectonic Financial Inc's revenue growing?

Tectonic Financial Inc (TECTP) revenue grew by 16.1% year-over-year, from $6.4M to $7.5M in fiscal year 2024.

Is Tectonic Financial Inc profitable?

Yes, Tectonic Financial Inc (TECTP) reported a net income of $13.9M in fiscal year 2024, with a net profit margin of 186.3%.

What is Tectonic Financial Inc's earnings per share (EPS)?

Tectonic Financial Inc (TECTP) reported diluted earnings per share of $1.68 for fiscal year 2024. This represents a -10.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Tectonic Financial Inc's net profit margin?

Tectonic Financial Inc (TECTP) had a net profit margin of 186.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Tectonic Financial Inc's return on equity (ROE)?

Tectonic Financial Inc (TECTP) has a return on equity of 12.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Tectonic Financial Inc's free cash flow?

Tectonic Financial Inc (TECTP) generated -$86.8M in free cash flow during fiscal year 2024. This represents a -158.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Tectonic Financial Inc's operating cash flow?

Tectonic Financial Inc (TECTP) generated -$86.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Tectonic Financial Inc's total assets?

Tectonic Financial Inc (TECTP) had $863.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Tectonic Financial Inc's capital expenditures?

Tectonic Financial Inc (TECTP) invested $213K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Tectonic Financial Inc buy back shares?

Yes, Tectonic Financial Inc (TECTP) spent $1.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Tectonic Financial Inc have outstanding?

Tectonic Financial Inc (TECTP) had 7M shares outstanding as of fiscal year 2024.

What is Tectonic Financial Inc's debt-to-equity ratio?

Tectonic Financial Inc (TECTP) had a debt-to-equity ratio of 6.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tectonic Financial Inc's return on assets (ROA)?

Tectonic Financial Inc (TECTP) had a return on assets of 1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Tectonic Financial Inc's cash runway?

Based on fiscal year 2024 data, Tectonic Financial Inc (TECTP) had $63.7M in cash against an annual operating cash burn of $86.6M. This gives an estimated cash runway of approximately 9 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 Tectonic Financial Inc's Piotroski F-Score?

Tectonic Financial Inc (TECTP) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tectonic Financial Inc's earnings high quality?

Tectonic Financial Inc (TECTP) has an earnings quality ratio of -6.22x, 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.

How financially healthy is Tectonic Financial Inc?

Tectonic Financial Inc (TECTP) scores 31 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.