Tectonic Financial Inc Financials
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).
Balance-sheet expansion has been funded mainly by external capital, while reported profit has not translated into self-funding cash.
From FY2023 to FY2024, total assets increased by$186.0M while operating cash flow fell to-$86.6M ; the company got materially larger without generating the cash to carry that growth internally. Financing cash flow of$165.6M alongside net income of$13.9M shows reported earnings and actual funding needs are moving in different directions.
Return efficiency weakened as ROA slipped to
The income statement structure looks more like a funding vehicle than a typical sales-driven operator: FY2024 SG&A was
Financial Health Signals
Scored against banks for FY2024. 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 Tectonic Financial Inc'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.
Tectonic Financial Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
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.
Key Financial Metrics
Earnings & Revenue
Tectonic Financial Inc generated $7.5M in revenue in fiscal year 2024. This represents an increase of 16.1% from the prior year.
Tectonic Financial Inc reported $13.9M in net income in fiscal year 2024. This represents a decrease of 8.4% from the prior year.
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 & Balance Sheet
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.
Tectonic Financial Inc held $63.7M in cash against $0 in long-term debt as of fiscal year 2024.
Tectonic Financial Inc had 7M shares outstanding in fiscal year 2024. This represents a decrease of 0.3% from the prior year.
Margins & Returns
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.
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.
Capital Allocation
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.
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 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M+6.6% | $2.0M-0.5% | $2.0M-1.7% | $2.0M+5.1% | $1.9M+3.1% | $1.8M+6.0% | $1.7M+3.6% | $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 | $9.2M-2.8% | $9.5M-8.6% | $10.3M-2.3% | $10.6M+19.0% | $8.9M+0.1% | $8.9M+2.9% | $8.6M+5.8% | $8.2M |
| 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-2.5% | $8.4M+8.0% | $7.8M+8.3% | $7.2M+26.7% | $5.7M |
| Income Tax | $1.6M+18.1% | $1.3M+7.7% | $1.2M-29.0% | $1.7M+81.9% | $952K+11.6% | $853K+0.6% | $848K+52.2% | $557K |
| Net Income | $5.5M+28.7% | $4.3M-4.1% | $4.5M+49.0% | $3.0M-37.0% | $4.7M+50.7% | $3.1M+2.8% | $3.1M-7.7% | $3.3M |
| EPS (Diluted) | $0.73+32.7% | $0.55-3.5% | $0.57 | N/A | $0.58+52.6% | $0.38+2.7% | $0.37 | N/A |
TECTP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+6.7% | $997.0M+9.5% | $910.5M+5.5% | $863.4M+1.9% | $847.5M+9.1% | $777.1M-0.1% | $777.6M+14.8% | $677.3M |
| 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-38.0% | $102.8M+50.5% | $68.3M-46.1% | $126.5M+115.3% | $58.8M |
| 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+2.1% | $734.7M+10.2% | $666.7M-0.4% | $669.1M+17.3% | $570.5M |
| 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+0.6% | $112.8M+2.2% | $110.4M+1.8% | $108.5M+1.5% | $106.9M |
| Retained Earnings | $78.9M+5.8% | $74.5M+4.4% | $71.4M+4.8% | $68.2M+2.6% | $66.4M+5.5% | $62.9M+3.4% | $60.9M+3.3% | $58.9M |
TECTP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$17.3M+46.9% | -$32.5M+8.8% | -$35.6M-17.6% | -$30.3M-34.8% | -$22.5M+26.8% | -$30.7M-870.6% | -$3.2M+81.1% | -$16.7M |
| Capital Expenditures | $7K | $0-100.0% | $7K | $0-100.0% | $14K-70.8% | $48K-68.2% | $151K+2257.1% | -$7K |
| Free Cash Flow | -$17.3M+46.8% | -$32.5M+8.8% | -$35.6M-17.6% | -$30.3M-34.7% | -$22.5M+26.9% | -$30.7M-827.9% | -$3.3M+80.2% | -$16.7M |
| Investing Cash Flow | $19.8M+253.3% | -$12.9M-359.4% | -$2.8M+87.1% | -$21.8M-206.8% | -$7.1M+69.7% | -$23.5M-8.2% | -$21.7M-23.4% | -$17.6M |
| Financing Cash Flow | $57.7M-29.8% | $82.1M+96.6% | $41.8M+220.3% | $13.0M-79.6% | $64.1M+1654.9% | -$4.1M-104.4% | $92.6M+104.3% | $45.3M |
| Dividends Paid | $678K0.0% | $678K+0.1% | $677K-4.1% | $706K-0.1% | $707K-0.3% | $709K-0.1% | $710K+1.0% | $703K |
| Share Buybacks | $0 | $0-100.0% | $5.7M+639.9% | $771K+114.8% | $359K+44.2% | $249K0.0% | $249K-74.9% | $994K |
TECTP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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%-99.8pp | 249.3%+78.6pp | 170.7%-5.3pp | 176.0%-21.4pp | 197.4% |
| Return on Equity | 4.6%+0.9pp | 3.7%-0.3pp | 4.0%+1.4pp | 2.6%-1.6pp | 4.2%+1.4pp | 2.9%+0.0pp | 2.8%-0.3pp | 3.1% |
| Return on Assets | 0.5%+0.1pp | 0.4%-0.1pp | 0.5%+0.1pp | 0.4%-0.2pp | 0.6%+0.2pp | 0.4%+0.0pp | 0.4%-0.1pp | 0.5% |
| 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+0.1 | 6.51+0.5 | 6.04-0.1 | 6.17+0.8 | 5.34 |
| FCF Margin | -828.7%+833.2pp | -1661.9%+152.1pp | -1814.0%-297.7pp | -1516.3%-333.5pp | -1182.8%+485.6pp | -1668.4%-1477.9pp | -190.6%+805.7pp | -996.3% |
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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 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.
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 6 computable signals; 3 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 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 58 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), 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.