Titan Environmental Solutions (TESI) Financials
Newest figures come from the 10-Q for Q1 FY2025, filed May 20, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TESI SEC filings page.
Titan Environmental Solutions (TESI) reported $9.6M in revenue for fiscal year 2024, up 53.7% from the prior fiscal year. This page shows its 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).
Revenue expansion is being absorbed by thin gross margins, operating losses, and a balance sheet dependent on external financing.
Revenue rose53.7% from FY2023 to FY2024 while operating cash flow fell to-$12.7M , so added sales did not translate into better cash conversion. Gross margin narrowed from5.2% to3.5% , making the lower operating-loss rate look more like a reduced overhead burden than a stronger gross-profit engine.
Liquidity is structurally tight: current assets of
Cash generation deteriorated faster than reported investment needs: FY2024 operating cash flow was
Financial Health Signals
Titan Environmental Solutions does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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.
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.
Titan Environmental Solutions reported a net loss of $21.5M while operations used $12.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Titan Environmental Solutions reported an operating loss of $5.9M against $7K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Titan Environmental Solutions generated $1.8M in revenue in Q1 2025. This represents an increase of 47.4% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.
Titan Environmental Solutions's EBITDA was -$2.0M in Q1 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.0% from the same quarter a year earlier. Against the prior quarter it is down 122.1%.
Titan Environmental Solutions reported -$5.3M in net income in Q1 2025. This represents a decrease of 136.2% from the same quarter a year earlier. Against the prior quarter it is down 58.0%.
Titan Environmental Solutions earned -$0.02 per diluted share (EPS) in Q1 2025. This represents a decrease of 100.0% from the same quarter a year earlier.
Cash & Balance Sheet
Titan Environmental Solutions held $75K in cash against $99K in long-term debt as of Q1 2025, with $22.0M of liabilities due within a year.
Not reported for Q1 2025.
Not reported for Q1 2025.
Margins & Returns
Titan Environmental Solutions's gross margin was -10.8% in Q1 2025, indicating the percentage of revenue retained after direct costs. This is up 12.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.0 percentage points.
Not shown for Q1 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q1 2025.
Capital Allocation
None of these metrics is reported for Q1 2025.
TESI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M+47.4% | $1.8M+157.9% | $3.9M+49.0% | $2.7M+45.6% | $1.2M+9.9% | $714K-64.8% | $2.6M+107.9% | $1.8M+98.7% |
| Cost of Revenue | $1.9M+32.2% | $2.2M+79.7% | $3.4M+75.6% | $2.1M+36.2% | $1.5M+26.3% | $1.2M-39.9% | $2.0M+61.1% | $1.5M+68.3% |
| Gross Profit | -$189K+32.4% | -$382K+27.0% | $436K-32.3% | $558K+97.1% | -$279K-245.2% | -$524K-1515.6% | $644K+1687.1% | $283K+11095.8% |
| SG&A Expenses | $212K-38.1% | $171K-43.7% | $318K+18.6% | $370K+30.9% | $342K+160.0% | $303K+52.1% | $269K+283.4% | $282K+351.4% |
| Operating Income | -$2.0M-5.0% | $9.3M-34.1% | -$11.5M-532.6% | -$1.8M+92.2% | -$1.9M-215.2% | $14.1M+3177.2% | -$1.8M-644.1% | -$22.7M-12829.3% |
| EBITDA | -$2.0M-5.0% | $9.0M-33.6% | -$11.3M-712.3% | -$1.6M+92.9% | -$1.9M-215.7% | $13.5M+2914.5% | -$1.4M-481.6% | -$22.4M-14779.3% |
| Interest Expense | $535K+127.2% | -$235K-217.9% | $3K-98.4% | $3K-97.6% | $235K+195.6% | $199K+112.6% | $178K+436.1% | $136K+191.1% |
| Net Income | -$5.3M-136.2% | -$3.4M | -$13.6M+88.6% | -$2.4M+89.7% | -$2.3M-239.9% | N/A | -$118.6M-42691.3% | -$22.9M-6621.4% |
| EPS (Basic) | -$0.02-100.0% | $0.00-100.0% | -$0.06+90.8% | -$0.03+95.5% | -$0.01+99.7% | $0.18+114.2% | -$0.65-97.0% | -$0.67-168.0% |
| EPS (Diluted) | -$0.02-100.0% | $0.00-100.0% | -$0.06 | -$0.03 | -$0.01 | $0.18 | -$0.65 | -$0.67 |
| Diluted Shares (Avg) | 223M+0.4% | N/A | 222M | 222M | 222M | N/A | 182M | 34M |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
TESI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.9M+17.5% | $27.8M+25.4% | $30.2M+12.8% | $41.6M+54.2% | $22.9M+25.1% | $22.2M+199.3% | $26.8M+227.4% | $27.0M+207.1% |
| Current Assets | $1.6M+17.4% | $1.6M+11.6% | $2.4M-0.7% | $2.8M+57.3% | $1.4M+139.0% | $1.5M+68.8% | $2.4M+333.7% | $1.8M+64.3% |
| Cash & Equivalents | $75K+2087.9% | $3K-97.1% | $76K-87.4% | $57K-76.0% | $3K-97.5% | $104K+288.7% | $598K+844.7% | $237K+1114.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | $350K-0.3% | $505K+11.0% | $220K-38.9% | $145K | $351K | $455K |
| Accounts Receivable | $1.2M+25.4% | $1.2M+83.9% | $1.8M+52.7% | $2.1M+135.7% | $935K+1319.3% | $659K+27.3% | $1.2M+156.8% | $886K+4.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $12.3M+89.2% | $12.4M+90.9% | $15.5M+133.5% | $20.4M+206.5% | $6.5M-10.6% | $6.5M | $6.7M+13.4% | $6.7M+13.4% |
| Total Liabilities | $35.6M+85.3% | $32.5M+92.7% | $32.8M+119.9% | $24.7M+66.2% | $19.2M+18.0% | $16.9M+245.7% | $14.9M+54.3% | $14.9M+27.9% |
| Current Liabilities | $22.0M+52.1% | $18.8M+51.5% | $18.7M+74.7% | $17.9M+64.1% | $14.5M | $12.4M+526.5% | $10.7M | $10.9M-1.5% |
| Non-Current Liabilities | $5.6M+18.3% | $5.9M+31.4% | $6.4M+51.9% | $6.8M+71.9% | $4.7M | $4.5M+53.9% | $4.2M+668.3% | $4.0M+603.2% |
| Long-Term Debt | $99K-97.0% | $3.3M+3.4% | $6.0M | $6.2M | $3.3M-9.1% | $3.2M+322.2% | N/A | N/A |
| Total Equity | -$8.7M-335.5% | -$4.7M-188.9% | -$2.6M-122.2% | $10.0M-17.5% | $3.7M+81.7% | $5.3M+109.8% | $11.8M+889.7% | $12.1M+742.5% |
| Retained Earnings | -$177.8M-16.1% | -$172.5M-14.9% | -$169.1M-19.0% | -$155.6M-560.0% | -$153.2M-18.4% | -$150.1M-756.5% | -$142.2M-1041.4% | -$23.6M-115.2% |
TESI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M-70.8% | -$12.1M-1006.5% | -$120K+91.3% | $661K+279.6% | -$1.1M-178.1% | -$1.1M-461.6% | -$1.4M-492.6% | -$368K-171.3% |
| Depreciation & Amortization | $17K0.0% | -$512K+15.6% | $194K-54.5% | $194K-19.8% | $17K+167.8% | -$606K-2246.1% | $426K+8431.9% | $242K+882.8% |
| Stock-Based Compensation | $474K | N/A | N/A | N/A | N/A | N/A | $2K | $5.6M |
| Capital Expenditures | N/A | $1-100.0% | $143K+14262800.0% | $183K+48.4% | $735K+1368.4% | $469K+393.5% | -$1-100.0% | $124K-90.7% |
| Free Cash Flow | N/A | -$12.1M-674.4% | -$263K+81.0% | $477K+197.1% | -$1.8M-311.2% | -$1.6M-439.3% | -$1.4M+35.2% | -$492K+39.0% |
| Investing Cash Flow | $75K+110.2% | N/A | -$49K-150.1% | -$4.8M-8777.8% | -$735K-1368.4% | -$484K-9338.5% | $97K+105.1% | -$54K+94.8% |
| Financing Cash Flow | $1.9M+29.3% | N/A | $188K-88.6% | $4.5M+643.7% | $1.5M+207.7% | $1.1M+816.6% | $1.7M-15.6% | $607K-17.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TESI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -10.8%+12.7pp | -20.7%+52.5pp | 11.2%-13.5pp | 21.0%+5.5pp | -23.5%-16.0pp | -73.3%-71.7pp | 24.7%+21.8pp | 15.5%+15.2pp |
| Operating Margin | -114.0% | 504.5% | -296.4% | -66.7% | -160.0% | 1974.3% | -69.8%-50.3pp | -1240.0% |
| Net Margin | -304.9% | -183.2% | -349.1% | -88.5% | -190.2% | N/A | -4549.4% | -1253.5% |
| Return on Equity | N/A | N/A | N/A | -23.5%+165.6pp | -61.2%-28.5pp | N/A | -1000.9% | -189.1% |
| Return on Assets | -19.8%-10.0pp | -12.1% | -44.9%+397.9pp | -5.7%+79.2pp | -9.9%-6.2pp | N/A | -442.8%-439.4pp | -84.9%-81.0pp |
| Current Ratio | 0.070.0x | 0.090.0x | 0.13-0.1x | 0.160.0x | 0.10 | 0.12-0.3x | 0.22 | 0.16+0.1x |
| Debt-to-Equity | N/A | N/A | N/A | 0.62-0.6x | 0.89-0.9x | 0.60+0.3x | 1.26 | 1.23 |
| Asset Turnover | 0.070.0x | 0.070.0x | 0.130.0x | 0.060.0x | 0.050.0x | 0.03-0.2x | 0.10-0.1x | 0.070.0x |
| FCF Margin | N/A | -657.6% | -6.8%+46.5pp | 17.9%+44.8pp | -155.0% | -219.0% | -53.3% | -26.9%+60.7pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Titan Environmental Solutions TESI | FY2024 | $9.6M | -$21.5M | N/A | $41K | — |
| Originclear OCLN | FY2025 | $6.8M | -$18.3M | N/A | $9.7M | — |
Where Titan Environmental Solutions Ranks
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.
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 free cash flow?
Titan Environmental Solutions (TESI) recorded an outflow of $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) recorded an outflow of $12.7M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 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.
How does Titan Environmental Solutions's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, Titan Environmental Solutions (TESI) held $3K in cash, cash equivalents and investments, and reported an operating cash outflow of $12.7M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Titan Environmental Solutions's debt-to-equity ratio negative or not reported?
Titan Environmental Solutions (TESI) has negative shareholder equity of -$4.7M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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) reported a net loss of $21.5M while operations used $12.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $5.9M against $7K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.