What is Titan Environmental Solutions's earnings per share (EPS)?

Titan Environmental Solutions (TESI) reported diluted earnings per share of $-0.10 for fiscal year 2024. This represents a 88.5% 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.

Titan Environmental Solutions Financials

TESI

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2025 Currency USD FYE December

This page shows Titan Environmental Solutions (TESI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI TESI FY2024 2026-04-22

Titan's revenue growth is not translating into gross profit, leaving the business dependent on short-term balance-sheet funding instead of self-funded operations.

Against the prior year, revenue rose 53.7% while gross profit stayed near $333K. Yet operating cash outflow widened to -$12.7M even as operating loss narrowed, which points to very thin incremental margin plus working-capital absorption rather than healthier core economics.

The pressure point is near-term liquidity, not a giant term-debt stack. Current liabilities were $18.8M against only $1.6M of current assets, and long-term debt was a much smaller $3.3M, so the strain looks more like a working-capital squeeze than a traditional long-dated leverage problem.

The latest cash burn came mostly from operations, not from unusually heavy reinvestment. Free cash flow was -$13.7M versus operating cash flow of -$12.7M, and with goodwill-heavy assets of $12.4M against only $3K of cash, much of the asset base offers little immediate liquidity support.

Financial Health Signals

Financial health score pending refresh

We are recalculating Titan Environmental Solutions's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-9.78

Titan Environmental Solutions scores -9.78, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($41K) relative to total liabilities ($32.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Titan Environmental Solutions passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 3 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.59x

For every $1 of reported earnings, Titan Environmental Solutions generates $0.59 in operating cash flow (-$12.7M OCF vs -$21.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-905.4x

Titan Environmental Solutions earns $-905.4 in operating income for every $1 of interest expense (-$5.9M vs $7K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.6M

YoY+53.7%

5Y CAGR+69.7%

Titan Environmental Solutions generated $9.6M in revenue in fiscal year 2024. This represents an increase of 53.7% from the prior year.

EBITDA

-$5.8M

YoY+46.6%

Titan Environmental Solutions's EBITDA was -$5.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.6% from the prior year.

Net Income

-$21.5M

Titan Environmental Solutions reported -$21.5M in net income in fiscal year 2024.

EPS (Diluted)

$-0.10

YoY+88.5%

Titan Environmental Solutions earned $-0.10 per diluted share (EPS) in fiscal year 2024. This represents an increase of 88.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$13.7M

YoY-253.1%

Titan Environmental Solutions generated -$13.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 253.1% from the prior year.

Cash & Debt

$3K

YoY-97.1%

5Y CAGR-20.0%

10Y CAGR+34.7%

Titan Environmental Solutions held $3K in cash against $3.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY+86.4%

Titan Environmental Solutions had 28M shares outstanding in fiscal year 2024. This represents an increase of 86.4% from the prior year.

Margins & Returns

Gross Margin

3.5%

YoY-1.7pp

5Y CAGR-33.1pp

Titan Environmental Solutions's gross margin was 3.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin

-61.5%

YoY+114.7pp

5Y CAGR+3.9pp

Titan Environmental Solutions's operating margin was -61.5% in fiscal year 2024, reflecting core business profitability. This is up 114.7 percentage points from the prior year.

Net Margin

-225.0%

5Y CAGR-192.2pp

Titan Environmental Solutions's net profit margin was -225.0% in fiscal year 2024, showing the share of revenue converted to profit.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.1M

YoY+65.0%

5Y CAGR+215.1%

Titan Environmental Solutions invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 65.0% from the prior year.

TESI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$9.6M+53.7%	$6.2M+48.2%	$4.2M+55.0%	$2.7M+168.6%	$1.0M+48.4%	$681K
Cost of Revenue	$9.2M+56.5%	$5.9M+40.4%	$4.2M+90.9%	$2.2M+303.2%	$547K+26.7%	$431K
Gross Profit	$333K+3.3%	$323K+6908.0%	-$5K-100.9%	$509K+9.7%	$463K+85.8%	$249K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2M+21.8%	$986K+174.4%	$359K-85.4%	$2.5M+1244.6%	$183K+13.6%	$161K
Operating Income	-$5.9M+46.3%	-$11.0M-893.4%	-$1.1M+75.3%	-$4.5M-1158.8%	-$355K+20.3%	-$446K
Interest Expense	$7K-98.9%	$593K+223.3%	$184K-59.7%	$456K+99.3%	$229K+34.0%	$171K
Income Tax	N/A	N/A	N/A	$90K+10993.9%	$809	N/A
Net Income	-$21.5M	N/A	-$659K+89.8%	-$6.4M-960.8%	-$608K-172.3%	-$223K
EPS (Diluted)	$-0.10+88.5%	$-0.87	N/A	N/A	N/A	$-0.01

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	$1.8M-5.0%	$1.8M-52.6%	$3.9M+45.9%	$2.7M+124.1%	$1.2M+66.2%	$714K-72.6%	$2.6M+42.7%	$1.8M
Cost of Revenue	$1.9M-12.8%	$2.2M-35.5%	$3.4M+63.9%	$2.1M+43.4%	$1.5M+18.5%	$1.2M-36.9%	$2.0M+27.1%	$1.5M
Gross Profit	-$189K+50.6%	-$382K-187.6%	$436K-21.9%	$558K+300.2%	-$279K+46.7%	-$524K-181.3%	$644K+127.4%	$283K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$212K+24.2%	$171K-46.4%	$318K-13.8%	$370K+8.0%	$342K+12.9%	$303K+12.9%	$269K-4.9%	$282K
Operating Income	-$2.0M-121.5%	$9.3M+180.8%	-$11.5M-548.4%	-$1.8M+6.6%	-$1.9M-113.5%	$14.1M+875.1%	-$1.8M+92.0%	-$22.7M
Interest Expense	$535K+327.6%	-$235K-8316.7%	$3K-13.4%	$3K-98.6%	$235K+18.1%	$199K+12.0%	$178K+30.5%	$136K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.3M-58.0%	-$3.4M+75.1%	-$13.6M-475.8%	-$2.4M-4.2%	-$2.3M	N/A	-$118.6M-417.8%	-$22.9M
EPS (Diluted)	$-0.02	N/A	$-0.06-100.0%	$-0.03-200.0%	$-0.01	N/A	$-0.65+3.0%	$-0.67

TESI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$27.8M+25.4%	$22.2M+199.3%	$7.4M-13.4%	$8.6M+380.2%	$1.8M-16.8%	$2.1M
Current Assets	$1.6M+11.6%	$1.5M+68.8%	$874K-10.9%	$981K+24.9%	$785K-4.1%	$819K
Cash & Equivalents	$3K-97.1%	$104K+288.7%	$27K+144.6%	$11K-63.3%	$30K+226.1%	$9K
Inventory	N/A	$145K	N/A	N/A	N/A	N/A
Accounts Receivable	$1.2M+83.9%	$659K+27.3%	$518K+44.2%	$359K-31.2%	$522K-13.4%	$602K
Goodwill	$12.4M+90.9%	$6.5M	N/A	$5.9M	N/A	N/A
Total Liabilities	$32.5M+92.7%	$16.9M+245.7%	$4.9M-55.5%	$11.0M+165.1%	$4.1M+3.5%	$4.0M
Current Liabilities	$18.8M+51.5%	$12.4M+526.5%	$2.0M-81.7%	$10.8M+173.8%	$4.0M+12.4%	$3.5M
Long-Term Debt	$3.3M+3.4%	$3.2M+322.2%	$752K+1985.6%	$36K-39.8%	$60K+211.7%	$19K
Total Equity	-$4.7M-188.9%	$5.3M+109.8%	$2.5M+223.9%	-$2.0M+13.5%	-$2.4M-26.7%	-$1.9M
Retained Earnings	-$172.5M-14.9%	-$150.1M-756.5%	-$17.5M-95.7%	-$9.0M-257.5%	-$2.5M-32.0%	-$1.9M

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$26.9M-3.2%	$27.8M-7.9%	$30.2M-27.4%	$41.6M+81.6%	$22.9M+3.3%	$22.2M-17.2%	$26.8M-0.7%	$27.0M
Current Assets	$1.6M-1.8%	$1.6M-30.7%	$2.4M-15.3%	$2.8M+103.7%	$1.4M-6.7%	$1.5M-38.3%	$2.4M+34.2%	$1.8M
Cash & Equivalents	$75K+2418.6%	$3K-96.1%	$76K+33.1%	$57K+1557.0%	$3K-96.7%	$104K-82.7%	$598K+152.7%	$237K
Inventory	N/A	N/A	$350K-30.7%	$505K+129.6%	$220K+51.7%	$145K-58.7%	$351K-22.9%	$455K
Accounts Receivable	$1.2M-3.3%	$1.2M-33.6%	$1.8M-12.6%	$2.1M+123.3%	$935K+41.9%	$659K-44.8%	$1.2M+34.8%	$886K
Goodwill	$12.3M-0.9%	$12.4M-19.9%	$15.5M-23.8%	$20.4M+212.8%	$6.5M0.0%	$6.5M-2.0%	$6.7M0.0%	$6.7M
Total Liabilities	$35.6M+9.5%	$32.5M-0.9%	$32.8M+32.9%	$24.7M+28.6%	$19.2M+13.9%	$16.9M+13.0%	$14.9M+0.4%	$14.9M
Current Liabilities	$22.0M+17.2%	$18.8M+0.5%	$18.7M+4.8%	$17.9M+23.2%	$14.5M+16.8%	$12.4M+15.8%	$10.7M-1.6%	$10.9M
Long-Term Debt	$99K-97.0%	$3.3M-45.6%	$6.0M-2.2%	$6.2M+88.0%	$3.3M+3.3%	$3.2M	N/A	N/A
Total Equity	-$8.7M-84.4%	-$4.7M-78.9%	-$2.6M-126.4%	$10.0M+170.9%	$3.7M-30.4%	$5.3M-55.3%	$11.8M-2.2%	$12.1M
Retained Earnings	-$177.8M-3.1%	-$172.5M-2.0%	-$169.1M-8.7%	-$155.6M-1.5%	-$153.2M-2.1%	-$150.1M-5.6%	-$142.2M-503.2%	-$23.6M

TESI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$12.7M-290.4%	-$3.2M-940.3%	-$312K+90.1%	-$3.2M-1590.0%	-$187K+63.8%	-$517K
Capital Expenditures	$1.1M+65.0%	$643K-80.8%	$3.3M+55513.9%	$6K+62.4%	$4K+8.5%	$3K
Free Cash Flow	-$13.7M-253.1%	-$3.9M-6.3%	-$3.7M-15.5%	-$3.2M-1560.3%	-$191K+63.3%	-$520K
Investing Cash Flow	N/A	-$491K+83.5%	-$3.0M-14320.0%	$21K+109.0%	-$232K-227.1%	$182K
Financing Cash Flow	N/A	$3.8M+16.2%	$3.3M+0.9%	$3.3M+1040.1%	$285K-45.5%	$524K
Dividends Paid	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

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	-$1.9M+84.4%	-$12.1M-9959.7%	-$120K-118.2%	$661K+159.8%	-$1.1M-0.9%	-$1.1M+21.1%	-$1.4M-277.2%	-$368K
Capital Expenditures	N/A	$1-100.0%	$143K-22.2%	$183K-75.0%	$735K+56.5%	$469K+46947600.0%	-$1-100.0%	$124K
Free Cash Flow	N/A	-$12.1M-4505.7%	-$263K-155.1%	$477K+125.9%	-$1.8M-17.6%	-$1.6M-12.7%	-$1.4M-182.4%	-$492K
Investing Cash Flow	$75K	N/A	-$49K+99.0%	-$4.8M-558.0%	-$735K-51.9%	-$484K-597.1%	$97K+278.7%	-$54K
Financing Cash Flow	$1.9M	N/A	$188K-95.8%	$4.5M+209.6%	$1.5M+34.4%	$1.1M-34.4%	$1.7M+172.4%	$607K
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

TESI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	3.5%-1.7pp	5.2%+5.3pp	-0.1%-18.9pp	18.8%-27.1pp	45.9%+9.2pp	36.6%
Operating Margin	-61.5%+114.7pp	-176.2%-149.9pp	-26.3%+138.5pp	-164.7%-129.6pp	-35.1%+30.3pp	-65.5%
Net Margin	-225.0%	N/A	-15.7%+222.1pp	-237.8%-177.6pp	-60.2%-27.4pp	-32.8%
Return on Equity	N/A	N/A	-26.1%	N/A	N/A	N/A
Return on Assets	-77.5%	N/A	-8.9%+66.5pp	-75.4%-41.3pp	-34.1%-23.7pp	-10.4%
Current Ratio	0.09-0.0	0.12-0.3	0.44+0.4	0.09-0.1	0.20-0.0	0.23
Debt-to-Equity	-0.70-1.3	0.60+0.3	0.30+0.3	-0.020.0	-0.03-0.0	-0.01
FCF Margin	-143.5%-81.0pp	-62.5%+24.6pp	-87.1%+29.7pp	-116.8%-97.9pp	-18.9%+57.5pp	-76.4%

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	-10.8%+10.0pp	-20.7%-32.0pp	11.2%-9.7pp	21.0%+44.5pp	-23.5%+49.8pp	-73.3%-98.0pp	24.7%+9.2pp	15.5%
Operating Margin	-114.0%-618.5pp	504.5%+800.9pp	-296.4%-229.7pp	-66.7%+93.3pp	-160.0%-2134.3pp	1974.3%+2044.1pp	-69.8%+1170.2pp	-1240.0%
Net Margin	-304.9%-121.6pp	-183.2%+165.8pp	-349.1%-260.6pp	-88.5%+101.7pp	-190.2%	N/A	-4549.4%-3295.9pp	-1253.5%
Return on Equity	N/A	N/A	N/A	-23.5%+37.7pp	-61.2%	N/A	-1000.9%-811.8pp	-189.1%
Return on Assets	-19.8%-7.7pp	-12.1%+32.8pp	-44.9%-39.2pp	-5.7%+4.2pp	-9.9%	N/A	-442.8%-357.9pp	-84.9%
Current Ratio	0.07-0.0	0.09-0.0	0.13-0.0	0.16+0.1	0.10-0.0	0.12-0.1	0.22+0.1	0.16
Debt-to-Equity	-0.01+0.7	-0.70+1.6	-2.29-2.9	0.62-0.3	0.89+0.3	0.60-0.7	1.26+0.0	1.23
FCF Margin	N/A	-657.6%-650.8pp	-6.8%-24.7pp	17.9%+172.9pp	-155.0%+64.1pp	-219.0%-165.8pp	-53.3%-26.3pp	-26.9%

Note: Shareholder equity is negative (-$4.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Titan Environmental Solutions's annual revenue?

Titan Environmental Solutions (TESI) reported $9.6M in total revenue for fiscal year 2024. This represents a 53.7% 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 Titan Environmental Solutions's revenue growing?

Titan Environmental Solutions (TESI) revenue grew by 53.7% year-over-year, from $6.2M to $9.6M in fiscal year 2024.

Is Titan Environmental Solutions profitable?

No, Titan Environmental Solutions (TESI) reported a net income of -$21.5M in fiscal year 2024, with a net profit margin of -225.0%.

What is Titan Environmental Solutions's EBITDA?

Titan Environmental Solutions (TESI) had EBITDA of -$5.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Titan Environmental Solutions have?

As of fiscal year 2024, Titan Environmental Solutions (TESI) had $3K in cash and equivalents against $3.3M in long-term debt.

What is Titan Environmental Solutions's gross margin?

Titan Environmental Solutions (TESI) had a gross margin of 3.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Titan Environmental Solutions's operating margin?

Titan Environmental Solutions (TESI) had an operating margin of -61.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Titan Environmental Solutions's net profit margin?

Titan Environmental Solutions (TESI) had a net profit margin of -225.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Titan Environmental Solutions's free cash flow?

Titan Environmental Solutions (TESI) generated -$13.7M in free cash flow during fiscal year 2024. This represents a -253.1% 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 Titan Environmental Solutions's operating cash flow?

Titan Environmental Solutions (TESI) generated -$12.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Titan Environmental Solutions's total assets?

Titan Environmental Solutions (TESI) had $27.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Titan Environmental Solutions's capital expenditures?

Titan Environmental Solutions (TESI) invested $1.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Titan Environmental Solutions have outstanding?

Titan Environmental Solutions (TESI) had 28M shares outstanding as of fiscal year 2024.

What is Titan Environmental Solutions's current ratio?

Titan Environmental Solutions (TESI) had a current ratio of 0.09 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Titan Environmental Solutions's debt-to-equity ratio?

Titan Environmental Solutions (TESI) had a debt-to-equity ratio of -0.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Titan Environmental Solutions's return on assets (ROA)?

Titan Environmental Solutions (TESI) had a return on assets of -77.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Titan Environmental Solutions's cash runway?

Based on fiscal year 2024 data, Titan Environmental Solutions (TESI) had $3K in cash against an annual operating cash burn of $12.7M. This gives an estimated cash runway of approximately 0 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.

Why is Titan Environmental Solutions's debt-to-equity ratio negative or unusual?

Titan Environmental Solutions (TESI) has negative shareholder equity of -$4.7M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Titan Environmental Solutions's Altman Z-Score?

Titan Environmental Solutions (TESI) has an Altman Z-Score of -9.78, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Titan Environmental Solutions's Piotroski F-Score?

Titan Environmental Solutions (TESI) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 Titan Environmental Solutions's earnings high quality?

Titan Environmental Solutions (TESI) has an earnings quality ratio of 0.59x, 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 Titan Environmental Solutions cover its interest payments?

Titan Environmental Solutions (TESI) has an interest coverage ratio of -905.4x, 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.