What is TIAN RUIXIANG Holdings Ltd's earnings per share (EPS)?

TIAN RUIXIANG Holdings Ltd (TIRX) reported diluted earnings per share of $0.02 for fiscal year 2024. 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 Holdings Ltd (TIRX) Financials

TIRX

FY2024 annual

Revenue $5.4M -25.7% YoY

Net Income $617K +114.9% YoY

EPS (Diluted) $0.02 YoY not available

Free Cash Flow -$1.5M +54.2% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2025, ended Apr 30, 2025 Reported Aug 29, 2025 Currency USD FYE October

Newest figures come from the 6-K/A for Q2 FY2025, filed Aug 29, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TIRX SEC filings page.

TIAN RUIXIANG Holdings Ltd (TIRX) reported $5.4M in revenue for fiscal year 2024, down 25.7% from the prior fiscal year. This page shows its 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).

Rhea AI TIRX FY2024 2026-08-30

Tian Ruixiang’s turnaround is a cost-reset story: reported profit returned, but working capital and balance-sheet strain kept cash conversion negative.

FY2024 operating margin reached 15.1% even as revenue fell to $5.4M, indicating the turnaround came from cost compression rather than volume. Combined selling, general, and administrative expense plus R&D fell from $6.1M to $2.0M, making expense reduction the central operating mechanic.

Accounting profit of $617K coexisted with operating cash flow of -$1.5M, so earnings did not translate into cash. With capex at $0, free cash flow still remained negative, while receivables reached $4.6M—evidence that working capital, not reinvestment, absorbed cash.

Liabilities reached $22.8M against $7.2M of assets, leaving negative equity and separating the operating recovery from balance-sheet repair. The current ratio improved to 1.0x but remained below full coverage, while long-term debt rose to $3.5M; short-term pressure eased without removing structural leverage.

Financial Health Signals

Financial health score not available

TIAN RUIXIANG Holdings Ltd 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.

Piotroski F-Score Neutral

5/9

TIAN RUIXIANG Holdings 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 No Cash Backing

$2.47used

For every $1 of reported earnings, TIAN RUIXIANG Holdings Ltd used $2.47 of operating cash (-$1.5M OCF vs $617K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage Safe

10.23x

TIAN RUIXIANG Holdings Ltd earns $10.23 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

None of these metrics is reported for Q2 2025.

Cash & Balance Sheet

Cash & Debt

$269K

YoY-99.0%

QoQ+0.7%

TIAN RUIXIANG Holdings Ltd held $269K in cash against $3.5M in long-term debt as of Q2 2025.

Shares Outstanding

10M

QoQ0.0%

TIAN RUIXIANG Holdings Ltd had 10M shares outstanding in Q2 2025. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2025.

Dividends Per Share

Not reported for Q2 2025.

Margins & Returns

None of these metrics is reported for Q2 2025.

Capital Allocation

None of these metrics is reported for Q2 2025.

TIRX 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.

TIRX quarterly income statement

Metric	FY246-K/A	FY236-K/A	FY22	FY21	FY20	FY19	FY18
Revenue	$5.4M-25.7%	$7.3M+437.1%	$1.4M-51.6%	$2.8M-14.1%	$3.2M+62.3%	$2.0M-35.2%	$3.1M
Cost of Revenue	$559K-54.7%	$1.2M	N/A	N/A	N/A	N/A	N/A
Gross Profit	$4.8M-19.8%	$6.0M	N/A	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	N/A
SG&A Expenses	$764K-73.5%	$2.9M	N/A	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-93.0%	$1.5M
EBITDA	$935K+122.3%	-$4.2M+16.8%	-$5.0M-126.7%	-$2.2M-478.7%	$588K+328.0%	$137K-90.8%	$1.5M
Interest Expense	$80K-27.0%	$109K	N/A	$725	$0-100.0%	$18K-18.8%	$22K
Income Tax	$97K+171.1%	-$136K-674.3%	$24K-3.6%	$25K-80.5%	$126K-47.1%	$238K-34.8%	$365K
Net Income	$617K+114.9%	-$4.2M+11.3%	-$4.7M-140.9%	-$1.9M-406.7%	$634K+260.7%	$176K-84.3%	$1.1M
EPS (Basic)	$0.12+129.3%	-$0.41+95.5%	-$9.03-59.8%	-$5.65-996.8%	$0.63+1475.0%	$0.04	N/A
EPS (Diluted)	$0.02	-$0.51	-$9.03	-$5.65	$0.63	$0.04	N/A
Diluted Shares (Avg)	12M	10M	518,655	344,425	1M	5M	N/A

Metric	Q2'256-K/A	Q4'246-K/A	Q2'24	Q4'236-K/A	Q2'23	Q4'22	Q2'22	Q4'21

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TIRX Balance Sheet

TIRX quarterly balance sheet

Metric	FY246-K/A	FY236-K/A	FY22	FY21	FY20	FY19	FY18
Total Assets	$7.2M+14.1%	$6.3M-82.0%	$35.0M-13.2%	$40.4M+301.1%	$10.1M+19.6%	$8.4M	N/A
Current Assets	$6.2M+19.3%	$5.2M-85.1%	$34.9M+10.2%	$31.6M+230.8%	$9.6M+18.2%	$8.1M	N/A
Cash & Equivalents	$267K+2796.4%	$9K+268.1%	$3K-100.0%	$30.0M+389.2%	$6.1M-1.7%	$6.2M-7.0%	$6.7M
Accounts Receivable	$4.6M+16.2%	$4.0M+7619.7%	$51K-84.0%	$321K-74.3%	$1.2M+620.6%	$173K	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	N/A
Current Liabilities	$6.4M-22.7%	$8.3M+452.6%	$1.5M+33.7%	$1.1M-13.3%	$1.3M+63.0%	$791K	N/A
Non-Current Liabilities	$3.5M+164.1%	$1.3M+2335.4%	$55K-77.0%	$238K+78.7%	$133K+231.7%	$40K	N/A
Long-Term Debt	$3.5M+164.1%	$1.3M	N/A	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+1.4%	$7.5M
Retained Earnings	-$46.8M+1.3%	-$47.4M-716.6%	-$5.8M-432.2%	-$1.1M-223.3%	$884K+193.5%	$301K	N/A

Metric	Q2'256-K/A	Q4'246-K/A	Q2'24	Q4'236-K/A	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$6.0M-84.1%	$7.2M+14.1%	$38.0M+2.6%	$6.3M-82.0%	$37.0M-4.0%	$35.0M-13.2%	$38.6M	$40.4M+301.1%
Current Assets	$5.1M-81.8%	$6.2M+19.3%	$28.3M-23.4%	$5.2M-85.1%	$36.9M-2.5%	$34.9M+10.2%	$37.8M	$31.6M+230.8%
Cash & Equivalents	$269K-99.0%	$267K+2796.4%	$27.5M-23.6%	$9K+268.1%	$35.9M+23.8%	$3K-100.0%	$29.0M	$30.0M+389.2%
Accounts Receivable	$4.4M+55814.7%	$4.6M+16.2%	$8K-93.1%	$4.0M+7619.7%	$114K+17.5%	$51K-84.0%	$97K	$321K-74.3%
Total Liabilities	$22.1M+292.9%	$22.8M+22.0%	$5.6M+129.3%	$18.7M+1106.0%	$2.5M+71.3%	$1.5M+14.3%	$1.4M	$1.4M-4.7%
Current Liabilities	$5.7M+2.4%	$6.4M-22.7%	$5.6M+129.2%	$8.3M+452.6%	$2.4M+83.8%	$1.5M+33.7%	$1.3M	$1.1M-13.3%
Non-Current Liabilities	$3.5M+8655.6%	$3.5M+164.1%	$40K+141.1%	$1.3M+2335.4%	$17K-84.5%	$55K-77.0%	$107K	$238K+78.7%
Long-Term Debt	$3.5M	$3.5M+164.1%	N/A	$1.3M	N/A	N/A	N/A	N/A
Total Equity	-$16.1M-149.7%	-$15.6M-26.1%	$32.3M-6.4%	-$12.4M-137.0%	$34.5M-7.0%	$33.5M-14.1%	$37.1M	$39.0M+351.4%
Retained Earnings	-$47.0M-330.8%	-$46.8M+1.3%	-$10.9M-49.7%	-$47.4M-716.6%	-$7.3M-58.6%	-$5.8M-432.2%	-$4.6M	-$1.1M-223.3%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.

TIRX Cash Flow Statement

TIRX quarterly cash flow statement

Metric	FY246-K/A	FY236-K/A	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$1.5M+54.2%	-$3.3M-1574.5%	-$199K+85.4%	-$1.4M-2731.6%	-$48K-121.0%	$229K-83.3%	$1.4M
Depreciation & Amortization	$121K+7337.4%	$2K-92.9%	$23K-16.7%	$27K-1.4%	$28K-19.8%	$35K+14.6%	$30K
Stock-Based Compensation	$66K-47.5%	$125K	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$0-100.0%	$2K-28.3%	$2K-31.2%	$3K-1.3%	$3K-71.2%	$12K+24.9%	$10K
Free Cash Flow	-$1.5M+54.2%	-$3.3M-1555.8%	-$201K+85.3%	-$1.4M-2548.6%	-$52K-123.8%	$217K-84.1%	$1.4M
Investing Cash Flow	-$1.8M-545.2%	$409K+101.4%	-$28.9M-285.1%	-$7.5M-216949.8%	-$3K-109.3%	$37K+484.8%	-$10K
Financing Cash Flow	$2.0M+457.5%	-$550K	$0-100.0%	$32.6M+6925.5%	-$478K+45.1%	-$871K-113.4%	$6.5M

Metric	Q2'256-K/A	Q4'246-K/A	Q2'24	Q4'236-K/A	Q2'23	Q4'22	Q2'22	Q4'21

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TIRX 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.

TIRX quarterly financial ratios

Metric	FY246-K/A	FY236-K/A	FY22	FY21	FY20	FY19	FY18
Gross Margin	89.6%+6.6pp	83.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	15.1%+73.0pp	-57.9%	-374.9%	-80.8%-98.0pp	17.2%+12.1pp	5.1%-42.1pp	47.3%
Net Margin	11.4%+68.7pp	-57.2%	-346.5%	-69.7%-89.2pp	19.5%+10.7pp	8.8%-27.5pp	36.3%
Return on Equity	N/A	N/A	-14.0%-9.0pp	-5.0%-12.3pp	7.3%+5.0pp	2.3%-12.7pp	15.0%
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%	N/A
Current Ratio	0.97+0.3x	0.63-22.7x	23.33-5.0x	28.30+20.9x	7.42-2.8x	10.23	N/A
Debt-to-Equity	N/A	N/A	0.050.0x	0.03-0.1x	0.16+0.1x	0.11	N/A
Asset Turnover	0.75-0.4x	1.15+1.1x	0.040.0x	0.07-0.3x	0.32+0.1x	0.24	N/A
FCF Margin	-28.3%+17.6pp	-45.9%-31.0pp	-14.9%+34.1pp	-49.0%-47.4pp	-1.6%-12.4pp	10.8%-33.4pp	44.2%

Metric	Q2'256-K/A	Q4'246-K/A	Q2'24	Q4'236-K/A	Q2'23	Q4'22	Q2'22	Q4'21
Current Ratio	0.90-4.2x	0.97+0.3x	5.06-10.1x	0.63-22.7x	15.14-13.4x	23.33-5.0x	28.55	28.30+20.9x
Debt-to-Equity	N/A	N/A	0.17+0.1x	N/A	0.070.0x	0.050.0x	0.04	0.03-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

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.

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
TIAN RUIXIANG Holdings Ltd TIRX	FY2024	$5.4M	$617K	11.4%	$2.7M	—
AIFU Inc. AIFU	FY2025	$79.6M	-$325.4M	N/A	$56.7M	22/100
eHealth, Inc. EHTH	FY2025	$554.0M	$40.0M	7.2%	$28.5M	18/100
GoHealth, Inc. GOCO	FY2025	$361.8M	-$257.1M	-71.1%	$5.1M	10/100
XChange TEC.INC XHG	FY2025	$51.3M	-$105.1M	N/A	$134.5M	2/100
Zhibao Technology Inc. ZBAO	FY2025	$38.7M	-$8.7M	-22.4%	$3.6M	8/100

Where TIAN RUIXIANG Holdings Ltd Ranks

Frequently Asked Questions

What is TIAN RUIXIANG Holdings Ltd's annual revenue?

TIAN RUIXIANG Holdings 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 Holdings Ltd's revenue growing?

TIAN RUIXIANG Holdings Ltd (TIRX) revenue declined by 25.7% year-over-year, from $7.3M to $5.4M in fiscal year 2024.

Is TIAN RUIXIANG Holdings Ltd profitable?

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

What is TIAN RUIXIANG Holdings Ltd's EBITDA?

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

How much debt does TIAN RUIXIANG Holdings Ltd have?

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

What is TIAN RUIXIANG Holdings Ltd's gross margin?

TIAN RUIXIANG Holdings 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 Holdings Ltd's operating margin?

TIAN RUIXIANG Holdings 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 Holdings Ltd's net profit margin?

TIAN RUIXIANG Holdings 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 Holdings Ltd's free cash flow?

TIAN RUIXIANG Holdings Ltd (TIRX) recorded an outflow of $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 Holdings Ltd's operating cash flow?

TIAN RUIXIANG Holdings Ltd (TIRX) recorded an outflow of $1.5M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are TIAN RUIXIANG Holdings Ltd's total assets?

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

What are TIAN RUIXIANG Holdings Ltd's capital expenditures?

TIAN RUIXIANG Holdings Ltd (TIRX) reported no capital expenditure during fiscal year 2024.

How much does TIAN RUIXIANG Holdings Ltd spend on research and development?

TIAN RUIXIANG Holdings Ltd (TIRX) invested $1.3M in research and development during fiscal year 2024.

How many shares does TIAN RUIXIANG Holdings Ltd have outstanding?

TIAN RUIXIANG Holdings Ltd (TIRX) had 10M shares outstanding as of fiscal year 2024.

What is TIAN RUIXIANG Holdings Ltd's current ratio?

TIAN RUIXIANG Holdings 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 Holdings Ltd's return on assets (ROA)?

TIAN RUIXIANG Holdings 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.

Why is TIAN RUIXIANG Holdings Ltd's debt-to-equity ratio negative or not reported?

TIAN RUIXIANG Holdings Ltd (TIRX) has negative shareholder equity of -$15.6M 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 TIAN RUIXIANG Holdings Ltd's Piotroski F-Score?

TIAN RUIXIANG Holdings 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TIAN RUIXIANG Holdings Ltd's earnings high quality?

For every $1 of reported earnings, TIAN RUIXIANG Holdings Ltd (TIRX) used $2.47 of operating cash (-$1.5M OCF vs $617K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Holdings Ltd cover its interest payments?

TIAN RUIXIANG Holdings Ltd (TIRX) has an interest coverage ratio of 10.23x, 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.