What is Tian Ruixiang Hldgs Ltd's earnings per share (EPS)?

Tian Ruixiang Hldgs Ltd (TIRX) reported diluted earnings per share of $0.02 for fiscal year 2024. This represents a 103.9% 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.

Tian Ruixiang Hldgs Ltd Financials

TIRX

Source SEC Filings (10-K/10-Q) Updated Apr 30, 2025 Currency USD FYE October

This page shows Tian Ruixiang Hldgs Ltd (TIRX) 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).

Financial Health Signals

Financial Profile 17/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Tian Ruixiang Hldgs Ltd has an operating margin of 15.1%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from -57.9% the prior year.

Growth

Tian Ruixiang Hldgs Ltd's revenue declined 25.7% year-over-year, from $7.3M to $5.4M. This contraction results in a growth score of 0/100.

Liquidity

Tian Ruixiang Hldgs Ltd's current ratio of 0.97 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

While Tian Ruixiang Hldgs Ltd generated -$1.5M in operating cash flow, capex of $0 consumed most of it, leaving -$1.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Altman Z-Score Distress

-7.95

Tian Ruixiang Hldgs Ltd scores -7.95, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.7M) relative to total liabilities ($22.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Tian Ruixiang Hldgs Ltd passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

-2.47x

For every $1 of reported earnings, Tian Ruixiang Hldgs Ltd generates $-2.47 in operating cash flow (-$1.5M OCF vs $617K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

10.2x

Tian Ruixiang Hldgs Ltd earns $10.2 in operating income for every $1 of interest expense ($814K vs $80K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.4M

YoY-25.7%

5Y CAGR+21.9%

Tian Ruixiang Hldgs Ltd generated $5.4M in revenue in fiscal year 2024. This represents a decrease of 25.7% from the prior year.

EBITDA

$935K

YoY+122.3%

5Y CAGR+46.8%

Tian Ruixiang Hldgs Ltd's EBITDA was $935K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 122.3% from the prior year.

Net Income

$617K

YoY+114.9%

5Y CAGR+28.5%

Tian Ruixiang Hldgs Ltd reported $617K in net income in fiscal year 2024. This represents an increase of 114.9% from the prior year.

EPS (Diluted)

$0.02

YoY+103.9%

5Y CAGR-12.9%

Tian Ruixiang Hldgs Ltd earned $0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 103.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.5M

YoY+54.2%

Tian Ruixiang Hldgs Ltd generated -$1.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 54.2% from the prior year.

Cash & Debt

$267K

YoY+2796.4%

5Y CAGR-46.7%

Tian Ruixiang Hldgs Ltd held $267K in cash against $3.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY+0.0%

5Y CAGR+14.9%

Tian Ruixiang Hldgs Ltd had 10M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

89.6%

YoY+6.6pp

Tian Ruixiang Hldgs Ltd's gross margin was 89.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 6.6 percentage points from the prior year.

Operating Margin

15.1%

YoY+73.0pp

5Y CAGR+10.0pp

Tian Ruixiang Hldgs Ltd's operating margin was 15.1% in fiscal year 2024, reflecting core business profitability. This is up 73.0 percentage points from the prior year.

Net Margin

11.4%

YoY+68.7pp

5Y CAGR+2.7pp

Tian Ruixiang Hldgs Ltd's net profit margin was 11.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 68.7 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$1.3M

YoY-60.9%

Tian Ruixiang Hldgs Ltd invested $1.3M in research and development in fiscal year 2024. This represents a decrease of 60.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Tian Ruixiang Hldgs Ltd invested $0 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

TIRX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.4M-25.7%	$7.3M+437.1%	$1.4M-51.6%	$2.8M-14.1%	$3.2M+62.3%	$2.0M
Cost of Revenue	$559K-54.7%	$1.2M	N/A	N/A	N/A	N/A
Gross Profit	$4.8M-19.8%	$6.0M	N/A	N/A	N/A	N/A
R&D Expenses	$1.3M-60.9%	$3.2M	N/A	N/A	N/A	N/A
SG&A Expenses	$764K-73.5%	$2.9M	N/A	N/A	N/A	N/A
Operating Income	$814K+119.4%	-$4.2M+17.1%	-$5.1M-124.9%	-$2.3M-502.4%	$560K+445.6%	$103K
Interest Expense	$80K-27.0%	$109K	N/A	$725	$0-100.0%	$18K
Income Tax	$97K+171.1%	-$136K-674.3%	$24K-3.6%	$25K-80.5%	$126K-47.1%	$238K
Net Income	$617K+114.9%	-$4.2M+11.3%	-$4.7M-140.9%	-$1.9M-406.7%	$634K+260.7%	$176K
EPS (Diluted)	$0.02+103.9%	$-0.51+94.4%	$-9.03-59.8%	$-5.65-996.8%	$0.63+1475.0%	$0.04

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TIRX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.2M+14.1%	$6.3M-82.0%	$35.0M-13.2%	$40.4M+301.1%	$10.1M+19.6%	$8.4M
Current Assets	$6.2M+19.3%	$5.2M-85.1%	$34.9M+10.2%	$31.6M+230.8%	$9.6M+18.2%	$8.1M
Cash & Equivalents	$267K+2796.4%	$9K+268.1%	$3K-100.0%	$30.0M+389.2%	$6.1M-1.7%	$6.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.6M+16.2%	$4.0M+7619.7%	$51K-84.0%	$321K-74.3%	$1.2M+620.6%	$173K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$22.8M+22.0%	$18.7M+1106.0%	$1.5M+14.3%	$1.4M-4.7%	$1.4M+71.1%	$831K
Current Liabilities	$6.4M-22.7%	$8.3M+452.6%	$1.5M+33.7%	$1.1M-13.3%	$1.3M+63.0%	$791K
Long-Term Debt	$3.5M+164.1%	$1.3M	N/A	N/A	N/A	N/A
Total Equity	-$15.6M-26.1%	-$12.4M-137.0%	$33.5M-14.1%	$39.0M+351.4%	$8.6M+14.0%	$7.6M
Retained Earnings	-$46.8M+1.3%	-$47.4M-716.6%	-$5.8M-432.2%	-$1.1M-223.3%	$884K+193.5%	$301K

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$6.0M-16.0%	$7.2M-81.1%	$38.0M+503.0%	$6.3M-83.0%	$37.0M+5.6%	$35.0M-9.2%	$38.6M-4.4%	$40.4M
Current Assets	$5.1M-16.8%	$6.2M-78.1%	$28.3M+445.5%	$5.2M-86.0%	$36.9M+5.8%	$34.9M-7.9%	$37.8M+19.6%	$31.6M
Cash & Equivalents	$269K+0.7%	$267K-99.0%	$27.5M+297338.0%	$9K-100.0%	$35.9M+1432260.6%	$3K-100.0%	$29.0M-3.4%	$30.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.4M-4.5%	$4.6M+58478.5%	$8K-99.8%	$4.0M+3352.4%	$114K+123.6%	$51K-47.4%	$97K-69.6%	$321K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$22.1M-3.1%	$22.8M+305.3%	$5.6M-69.9%	$18.7M+661.4%	$2.5M+58.4%	$1.5M+8.1%	$1.4M+5.6%	$1.4M
Current Liabilities	$5.7M-10.5%	$6.4M+14.3%	$5.6M-32.4%	$8.3M+238.9%	$2.4M+63.1%	$1.5M+12.7%	$1.3M+18.6%	$1.1M
Long-Term Debt	$3.5M-0.8%	$3.5M	N/A	$1.3M	N/A	N/A	N/A	N/A
Total Equity	-$16.1M-2.9%	-$15.6M-148.3%	$32.3M+361.2%	-$12.4M-135.8%	$34.5M+3.2%	$33.5M-9.8%	$37.1M-4.8%	$39.0M
Retained Earnings	-$47.0M-0.5%	-$46.8M-328.5%	-$10.9M+77.0%	-$47.4M-550.0%	-$7.3M-25.6%	-$5.8M-26.3%	-$4.6M-321.4%	-$1.1M

TIRX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$1.5M+54.2%	-$3.3M-1574.5%	-$199K+85.4%	-$1.4M-2731.6%	-$48K-121.0%	$229K
Capital Expenditures	$0-100.0%	$2K-28.3%	$2K-31.2%	$3K-1.3%	$3K-71.2%	$12K
Free Cash Flow	-$1.5M+54.2%	-$3.3M-1555.8%	-$201K+85.3%	-$1.4M-2548.6%	-$52K-123.8%	$217K
Investing Cash Flow	-$1.8M-545.2%	$409K+101.4%	-$28.9M-285.1%	-$7.5M-216949.8%	-$3K-109.3%	$37K
Financing Cash Flow	$2.0M+457.5%	-$550K	$0-100.0%	$32.6M+6925.5%	-$478K+45.1%	-$871K
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	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

TIRX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	89.6%+6.6pp	83.0%	N/A	N/A	N/A	N/A
Operating Margin	15.1%+73.0pp	-57.9%+317.1pp	-374.9%-294.2pp	-80.8%-98.0pp	17.2%+12.1pp	5.1%
Net Margin	11.4%+68.7pp	-57.2%+289.3pp	-346.5%-276.8pp	-69.7%-89.2pp	19.5%+10.7pp	8.8%
Return on Equity	N/A	N/A	-14.0%-9.0pp	-5.0%-12.3pp	7.3%+5.0pp	2.3%
Return on Assets	8.6%+74.6pp	-66.0%-52.6pp	-13.4%-8.6pp	-4.8%-11.1pp	6.3%+4.2pp	2.1%
Current Ratio	0.97+0.3	0.63-22.7	23.33-5.0	28.30+20.9	7.42-2.8	10.23
Debt-to-Equity	-0.23-0.1	-0.11-0.2	0.05+0.0	0.03-0.1	0.16+0.1	0.11
FCF Margin	-28.3%+17.6pp	-45.9%-31.0pp	-14.9%+34.1pp	-49.0%-47.4pp	-1.6%-12.4pp	10.8%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.90-0.1	0.97-4.1	5.06+4.4	0.63-14.5	15.14-8.2	23.33-5.2	28.55+0.2	28.30
Debt-to-Equity	-0.220.0	-0.23-0.4	0.17+0.3	-0.11-0.2	0.07+0.0	0.050.0	0.040.0	0.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$15.6M), 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 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Tian Ruixiang Hldgs Ltd's annual revenue?

Tian Ruixiang Hldgs Ltd (TIRX) reported $5.4M in total revenue for fiscal year 2024. This represents a -25.7% 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 Tian Ruixiang Hldgs Ltd's revenue growing?

Tian Ruixiang Hldgs Ltd (TIRX) revenue declined by 25.7% year-over-year, from $7.3M to $5.4M in fiscal year 2024.

Is Tian Ruixiang Hldgs Ltd profitable?

Yes, Tian Ruixiang Hldgs Ltd (TIRX) reported a net income of $617K in fiscal year 2024, with a net profit margin of 11.4%.

What is Tian Ruixiang Hldgs Ltd's EBITDA?

Tian Ruixiang Hldgs Ltd (TIRX) had EBITDA of $935K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Tian Ruixiang Hldgs Ltd have?

As of fiscal year 2024, Tian Ruixiang Hldgs Ltd (TIRX) had $267K in cash and equivalents against $3.5M in long-term debt.

What is Tian Ruixiang Hldgs Ltd's gross margin?

Tian Ruixiang Hldgs Ltd (TIRX) had a gross margin of 89.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tian Ruixiang Hldgs Ltd's operating margin?

Tian Ruixiang Hldgs Ltd (TIRX) had an operating margin of 15.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Tian Ruixiang Hldgs Ltd's net profit margin?

Tian Ruixiang Hldgs Ltd (TIRX) had a net profit margin of 11.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Tian Ruixiang Hldgs Ltd's free cash flow?

Tian Ruixiang Hldgs Ltd (TIRX) generated -$1.5M in free cash flow during fiscal year 2024. This represents a 54.2% 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 Tian Ruixiang Hldgs Ltd's operating cash flow?

Tian Ruixiang Hldgs Ltd (TIRX) generated -$1.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Tian Ruixiang Hldgs Ltd's total assets?

Tian Ruixiang Hldgs Ltd (TIRX) had $7.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Tian Ruixiang Hldgs Ltd's capital expenditures?

Tian Ruixiang Hldgs Ltd (TIRX) invested $0 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Tian Ruixiang Hldgs Ltd spend on research and development?

Tian Ruixiang Hldgs Ltd (TIRX) invested $1.3M in research and development during fiscal year 2024.

How many shares does Tian Ruixiang Hldgs Ltd have outstanding?

Tian Ruixiang Hldgs Ltd (TIRX) had 10M shares outstanding as of fiscal year 2024.

What is Tian Ruixiang Hldgs Ltd's current ratio?

Tian Ruixiang Hldgs Ltd (TIRX) had a current ratio of 0.97 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Tian Ruixiang Hldgs Ltd's debt-to-equity ratio?

Tian Ruixiang Hldgs Ltd (TIRX) had a debt-to-equity ratio of -0.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tian Ruixiang Hldgs Ltd's return on assets (ROA)?

Tian Ruixiang Hldgs Ltd (TIRX) had a return on assets of 8.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Tian Ruixiang Hldgs Ltd's cash runway?

Based on fiscal year 2024 data, Tian Ruixiang Hldgs Ltd (TIRX) had $267K in cash against an annual operating cash burn of $1.5M. This gives an estimated cash runway of approximately 2 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 Tian Ruixiang Hldgs Ltd's debt-to-equity ratio negative or unusual?

Tian Ruixiang Hldgs Ltd (TIRX) has negative shareholder equity of -$15.6M 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 Tian Ruixiang Hldgs Ltd's Altman Z-Score?

Tian Ruixiang Hldgs Ltd (TIRX) has an Altman Z-Score of -7.95, 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 Tian Ruixiang Hldgs Ltd's Piotroski F-Score?

Tian Ruixiang Hldgs Ltd (TIRX) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Tian Ruixiang Hldgs Ltd's earnings high quality?

Tian Ruixiang Hldgs Ltd (TIRX) has an earnings quality ratio of -2.47x, 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 Tian Ruixiang Hldgs Ltd cover its interest payments?

Tian Ruixiang Hldgs Ltd (TIRX) has an interest coverage ratio of 10.2x, meaning it can comfortably 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.

How financially healthy is Tian Ruixiang Hldgs Ltd?

Tian Ruixiang Hldgs Ltd (TIRX) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.