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

Tian Ruixiang Hldgs Ltd (TIRXF) 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 Hldgs Ltd Financials

TIRXF

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) Data as of Apr 30, 2025 Currency USD FYE October

Tian Ruixiang Hldgs Ltd (TIRXF) 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 TIRXF FY2024 2026-08-15

FY2024 shows a paper-profit recovery, but cash conversion remains weak because revenue is still getting trapped in receivables.

Between FY2023 and FY2024, net margin moved from -57.2% to 11.4%. Cash did not follow: operating and free cash flow were both about -$1.5M, and with receivables at $4.6M on most of the year's sales, the rebound remained accounting profit rather than self-funding cash generation.

The operating turnaround did not come from scale: revenue fell to $5.4M from $7.3M. The move to a 15.1% operating margin despite lower sales points to cost discipline or a more favorable mix, not fixed-cost absorption from growth.

The balance sheet still shows a business leaning on external funding: liabilities of $22.8M sit against assets of $7.2M, leaving negative equity. Near-term liquidity is less strained than FY2023, but cash of $267K against current liabilities of $6.4M leaves little buffer if collections slow.

Financial Health Signals

Financial health score not available

Tian Ruixiang Hldgs 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 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 No Cash Backing

$2.47used

For every $1 of reported earnings, Tian Ruixiang Hldgs 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 Hldgs 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

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

Tian Ruixiang Hldgs Ltd earned $0.02 per diluted share (EPS) in fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

-$1.5M

YoY+54.2%

Tian Ruixiang Hldgs Ltd recorded an outflow of $1.5M in free cash flow in fiscal year 2024, representing a cash shortfall 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.

Shares Outstanding

10M

Tian Ruixiang Hldgs Ltd had 10M shares outstanding in fiscal year 2024.

Dividends Per Share

Not reported for fiscal year 2024.

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

Not reported for fiscal year 2024.

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.

Capital Expenditures

YoY-100.0%

Tian Ruixiang Hldgs Ltd reported no capital expenditure in fiscal year 2024. This represents a decrease of 100.0% from the prior year.

Share Buybacks

Not reported for fiscal year 2024.

TIRXF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TIRXF annual income statement

Metric	FY24	FY23	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
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 (Diluted)	$0.02	-$0.51	-$9.03	-$5.65	$0.63	$0.04	N/A

TIRXF Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TIRXF annual balance sheet

Metric	FY24	FY23	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
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	Q2'25	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
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
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

Not reported in any period shown, so not listed: Inventory, Goodwill.

TIRXF Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TIRXF annual cash flow statement

Metric	FY24	FY23	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
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

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

TIRXF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TIRXF annual financial ratios

Metric	FY24	FY23	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
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	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Current Ratio	0.90-0.1x	0.97-4.1x	5.06+4.4x	0.63-14.5x	15.14-8.2x	23.33-5.2x	28.55+0.2x	28.30
Debt-to-Equity	N/A	N/A	0.17	N/A	0.070.0x	0.050.0x	0.040.0x	0.03

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.

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.

Where Tian Ruixiang Hldgs Ltd Ranks

Frequently Asked Questions

What is Tian Ruixiang Hldgs Ltd's annual revenue?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 (TIRXF) 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 Hldgs Ltd's operating cash flow?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 Hldgs Ltd's total assets?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 (TIRXF) reported no capital expenditure during fiscal year 2024.

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

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

What is Tian Ruixiang Hldgs Ltd's current ratio?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 return on assets (ROA)?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 (TIRXF) 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 not reported?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 Hldgs Ltd's Piotroski F-Score?

Tian Ruixiang Hldgs Ltd (TIRXF) 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 Hldgs Ltd's earnings high quality?

For every $1 of reported earnings, Tian Ruixiang Hldgs Ltd (TIRXF) 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 Hldgs Ltd cover its interest payments?

Tian Ruixiang Hldgs Ltd (TIRXF) 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.