Thunder Mountain Financials
Financial Health Signals
Thunder Mountain passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Thunder Mountain generates $0.85 in operating cash flow (-$539K OCF vs -$631K 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 Thunder Mountain (THMG) 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).
Key Financial Metrics
Thunder Mountain's EBITDA was -$586K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.6% from the prior year.
Thunder Mountain reported -$631K in net income in fiscal year 2024. This represents an increase of 22.8% from the prior year.
Thunder Mountain earned $-0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Thunder Mountain held $481K in cash against $0 in long-term debt as of fiscal year 2024.
Thunder Mountain had 73M shares outstanding in fiscal year 2024. This represents an increase of 20.4% from the prior year.
THMG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| 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 | $108K-81.7% | $591K+37.9% | $428K+600.1% | $61K-25.7% | $82K-13.4% | $95K | N/A | $79K |
| Operating Income | -$482K+46.4% | -$899K-66.1% | -$541K-369.8% | -$115K-0.5% | -$115K+29.6% | -$163K | N/A | -$103K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$481K+46.5% | -$899K-66.4% | -$540K-371.3% | -$115K-0.9% | -$114K+44.7% | -$206K | N/A | -$120K |
| EPS (Diluted) | $-0.010.0% | $-0.010.0% | $-0.01 | $0.00 | $0.00 | $0.00 | N/A | $0.00 |
THMG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0M+35.4% | $1.5M+106.8% | $728K-25.8% | $981K+52.4% | $644K-15.3% | $760K-22.9% | $986K-26.1% | $1.3M |
| Current Assets | $1.7M+45.5% | $1.2M+196.5% | $396K-38.9% | $647K+116.1% | $299K-27.1% | $411K-35.0% | $632K-37.9% | $1.0M |
| Cash & Equivalents | $1.7M+57.0% | $1.1M+191.7% | $364K-24.4% | $481K+94.7% | $247K-30.4% | $355K+108.3% | $171K-18.6% | $210K |
| 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 | $1.4M+1.0% | $1.4M-9.1% | $1.5M+9.4% | $1.4M-9.2% | $1.5M-0.2% | $1.5M+10.8% | $1.4M+3.1% | $1.3M |
| Current Liabilities | $1.3M+1.1% | $1.3M+2.5% | $1.3M-3.0% | $1.3M+2.3% | $1.3M-0.2% | $1.3M-1.3% | $1.3M+3.7% | $1.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $473K+1117.0% | -$46K+94.1% | -$793K-37.1% | -$578K+34.8% | -$886K-14.7% | -$773K-36.3% | -$567K-220.1% | -$177K |
| Retained Earnings | -$9.7M-5.2% | -$9.2M-10.8% | -$8.3M-6.9% | -$7.8M-4.2% | -$7.5M-1.5% | -$7.4M-2.9% | -$7.2M-5.8% | -$6.8M |
THMG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$455K-2.7% | -$443K-78.9% | -$248K-97.8% | -$125K-15.7% | -$108K+45.9% | -$200K-147.7% | -$81K+14.8% | -$95K |
| 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 | $0 | $0 | $0 | $0 | $0-100.0% | $385K+818.7% | $42K | $0 |
| Financing Cash Flow | $1.1M-7.0% | $1.1M+776.9% | $130K-72.0% | $465K | $0 | $0 | $0 | $0 |
| 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 |
THMG Financial Ratios
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -23.6%+36.1pp | -59.7%+14.5pp | -74.2%-52.8pp | -21.4%-3.8pp | -17.6%+9.4pp | -27.0% | N/A | -9.0% |
| Current Ratio | 1.30+0.4 | 0.90+0.6 | 0.31-0.2 | 0.49+0.3 | 0.23-0.1 | 0.32-0.2 | 0.49-0.3 | 0.81 |
| Debt-to-Equity | 2.95+32.7 | -29.74-27.8 | -1.92+0.5 | -2.40-0.7 | -1.73+0.3 | -1.98+0.5 | -2.44+5.1 | -7.58 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$578K), 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 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Thunder Mountain profitable?
No, Thunder Mountain (THMG) reported a net income of -$631K in fiscal year 2024.
What is Thunder Mountain's earnings per share (EPS)?
Thunder Mountain (THMG) reported diluted earnings per share of $-0.01 for fiscal year 2024. This represents a 0.0% 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 Thunder Mountain's EBITDA?
Thunder Mountain (THMG) had EBITDA of -$586K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Thunder Mountain's operating cash flow?
Thunder Mountain (THMG) generated -$539K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Thunder Mountain's total assets?
Thunder Mountain (THMG) had $981K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Thunder Mountain have outstanding?
Thunder Mountain (THMG) had 73M shares outstanding as of fiscal year 2024.
What is Thunder Mountain's current ratio?
Thunder Mountain (THMG) had a current ratio of 0.49 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Thunder Mountain's debt-to-equity ratio?
Thunder Mountain (THMG) had a debt-to-equity ratio of -2.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Thunder Mountain's return on assets (ROA)?
Thunder Mountain (THMG) had a return on assets of -64.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Thunder Mountain's cash runway?
Based on fiscal year 2024 data, Thunder Mountain (THMG) had $481K in cash against an annual operating cash burn of $539K. This gives an estimated cash runway of approximately 11 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 Thunder Mountain's debt-to-equity ratio negative or unusual?
Thunder Mountain (THMG) has negative shareholder equity of -$578K 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 Thunder Mountain's Piotroski F-Score?
Thunder Mountain (THMG) has a Piotroski F-Score of 3 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 Thunder Mountain's earnings high quality?
Thunder Mountain (THMG) has an earnings quality ratio of 0.85x, 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.