Thunder Mountain Financials

THMG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Thunder Mountain (THMG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.6M

YoY+438.6%

5Y CAGR+56.7%

10Y CAGR+71.0%

Thunder Mountain held $2.6M in cash against $168K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

94M

YoY+27.6%

5Y CAGR+9.2%

10Y CAGR+7.8%

Thunder Mountain had 94M shares outstanding in fiscal year 2025. This represents an increase of 27.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

THMG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	$300K-62.5%	$800K+45.5%	$550K
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	$325K-20.9%	$411K-34.9%	$631K+47.1%	$429K-23.1%	$558K
Operating Income	N/A	-$586K+4.7%	-$615K-37.7%	-$446K-263.5%	$273K+382.4%	-$97K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	N/A	-$631K+22.8%	-$817K+34.3%	-$1.2M-117.7%	-$572K-146.8%	$1.2M
EPS (Diluted)	N/A	$-0.010.0%	$-0.01+50.0%	$-0.02-100.0%	$-0.01	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	$61K-25.7%	$82K-13.4%	$95K	N/A
Operating Income	-$482K+46.4%	-$899K-66.1%	-$541K	N/A	-$115K-0.5%	-$115K+29.6%	-$163K	N/A
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	N/A	-$115K-0.9%	-$114K+44.7%	-$206K	N/A
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$0.00	$0.00	$0.00	N/A

THMG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.3M+235.3%	$981K-0.5%	$986K-42.7%	$1.7M-42.2%	$3.0M-17.3%	$3.6M
Current Assets	$2.7M+316.9%	$647K+2.4%	$632K-56.1%	$1.4M-46.5%	$2.7M+816.0%	$294K
Cash & Equivalents	$2.6M+438.6%	$481K+182.1%	$171K-75.0%	$683K-41.0%	$1.2M+321.9%	$274K
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	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.7M+22.7%	$1.4M+0.4%	$1.4M+6.2%	$1.3M-11.3%	$1.5M-7.6%	$1.6M
Current Liabilities	$1.5M+10.9%	$1.3M+0.7%	$1.3M+6.4%	$1.2M-12.9%	$1.4M-7.9%	$1.5M
Long-Term Debt	$168K	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.4M+345.0%	-$578K-2.0%	-$567K-326.6%	$250K-81.3%	$1.3M-27.3%	$1.8M
Retained Earnings	-$10.6M-36.3%	-$7.8M-8.8%	-$7.2M-12.9%	-$6.4M-24.4%	-$5.1M-12.6%	-$4.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.0M+35.4%	$1.5M+106.8%	$728K-25.8%	$981K+83.3%	$536K-16.8%	$644K-15.3%	$760K-22.9%	$986K
Current Assets	$1.7M+45.5%	$1.2M+196.5%	$396K-38.9%	$647K+229.8%	$196K-34.5%	$299K-27.1%	$411K-35.0%	$632K
Cash & Equivalents	$1.7M+57.0%	$1.1M+191.7%	$364K-24.4%	$481K+240.1%	$142K-42.8%	$247K-30.4%	$355K+108.3%	$171K
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-9.5%	$1.5M+0.4%	$1.5M-0.2%	$1.5M+10.8%	$1.4M
Current Liabilities	$1.3M+1.1%	$1.3M+2.5%	$1.3M-3.0%	$1.3M+1.8%	$1.3M+0.5%	$1.3M-0.2%	$1.3M-1.3%	$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+42.2%	-$1.0M-12.9%	-$886K-14.7%	-$773K-36.3%	-$567K
Retained Earnings	-$9.7M-5.2%	-$9.2M-10.8%	-$8.3M-6.9%	-$7.8M-2.6%	-$7.6M-1.5%	-$7.5M-1.5%	-$7.4M-2.9%	-$7.2M

THMG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	-$539K+0.9%	-$544K-35.3%	-$402K-56.0%	-$258K+5.0%	-$271K
Capital Expenditures	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
Investing Cash Flow	N/A	$385K+1106.6%	$32K	$0-100.0%	$1.1M+359.8%	$250K
Financing Cash Flow	N/A	$465K	$0+100.0%	-$72K-673.9%	-$9K-121.6%	$43K
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$455K-2.7%	-$443K-78.9%	-$248K-97.8%	-$125K-18.4%	-$106K+2.3%	-$108K+45.9%	-$200K-147.7%	-$81K
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	$0-100.0%	$385K+818.7%	$42K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	-148.8%-182.9pp	34.1%+51.7pp	-17.6%
Net Margin	N/A	N/A	N/A	-414.9%-343.4pp	-71.5%-293.6pp	222.1%
Return on Equity	N/A	N/A	N/A	-497.4%-454.7pp	-42.8%-109.3pp	66.5%
Return on Assets	N/A	-64.3%+18.6pp	-82.8%-10.6pp	-72.3%-53.1pp	-19.2%-53.1pp	33.9%
Current Ratio	1.86+1.4	0.490.0	0.49-0.7	1.18-0.7	1.92+1.7	0.19
Debt-to-Equity	0.12+2.5	-2.40+0.0	-2.44-7.6	5.21+4.1	1.10+0.2	0.86
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-101.7%	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%	N/A	-21.4%-3.8pp	-17.6%+9.4pp	-27.0%	N/A
Current Ratio	1.30+0.4	0.90+0.6	0.31-0.2	0.49+0.3	0.15-0.1	0.23-0.1	0.32-0.2	0.49
Debt-to-Equity	2.95+32.7	-29.74-27.8	-1.92+0.5	-2.40-0.9	-1.54+0.2	-1.73+0.3	-1.98+0.5	-2.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

How much debt does Thunder Mountain have?

As of fiscal year 2025, Thunder Mountain (THMG) had $2.6M in cash and equivalents against $168K in long-term debt.

What are Thunder Mountain's total assets?

Thunder Mountain (THMG) had $3.3M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Thunder Mountain have outstanding?

Thunder Mountain (THMG) had 94M shares outstanding as of fiscal year 2025.

What is Thunder Mountain's current ratio?

Thunder Mountain (THMG) had a current ratio of 1.86 as of fiscal year 2025, which is generally considered healthy.

What is Thunder Mountain's debt-to-equity ratio?

Thunder Mountain (THMG) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.