Trutankless Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Trutankless has an operating margin of -2153.9%, meaning the company retains $-2154 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -37823.8% the prior year.
Trutankless's revenue surged 6728.7% year-over-year to $242K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Trutankless's current ratio of 0.34 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Trutankless generated -$2.3M in operating cash flow, capex of $192K consumed most of it, leaving -$2.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Trutankless 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.
For every $1 of reported earnings, Trutankless generates $0.23 in operating cash flow (-$2.3M OCF vs -$10.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Trutankless earns $-9.1 in operating income for every $1 of interest expense (-$5.2M vs $576K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Trutankless (TKLS) 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
Trutankless generated $242K in revenue in fiscal year 2024. This represents an increase of 6728.7% from the prior year.
Trutankless's EBITDA was -$5.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 288.6% from the prior year.
Trutankless generated -$2.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 26.0% from the prior year.
Trutankless reported -$10.2M in net income in fiscal year 2024. This represents a decrease of 373.7% from the prior year.
Trutankless earned $-0.11 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 37.5% from the prior year.
Trutankless held $1.0M in cash against $98K in long-term debt as of fiscal year 2024.
Trutankless had 129M shares outstanding in fiscal year 2024. This represents an increase of 231.7% from the prior year.
Trutankless's gross margin was -15.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 115.3 percentage points from the prior year.
Trutankless's operating margin was -2153.9% in fiscal year 2024, reflecting core business profitability. This is up 35669.9 percentage points from the prior year.
Trutankless's net profit margin was -4203.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 56390.8 percentage points from the prior year.
Trutankless invested $433K in research and development in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Trutankless invested $192K in capex in fiscal year 2024, funding long-term assets and infrastructure.
TKLS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $224K+137.1% | $94K-78.0% | $430K+742.2% | $51K+340.8% | $12K | $0-100.0% | $80-97.0% | $3K |
| Cost of Revenue | $171K+123.3% | $76K-76.5% | $326K+98.8% | $164K | $0 | $0+100.0% | -$10K-200.0% | $10K |
| Gross Profit | $53K+195.7% | $18K-82.7% | $104K+192.4% | -$113K-1073.9% | $12K | $0-100.0% | $10K+237.0% | -$8K |
| R&D Expenses | $74K+9278.7% | $789-98.7% | $60K+148.8% | -$123K-150.8% | $242K+36.2% | $178K-13.4% | $205K+58.5% | $129K |
| SG&A Expenses | $282K+75.1% | $161K-39.7% | $267K+248.0% | -$180K-133.5% | $537K+76.2% | $305K+147.2% | -$646K-272.0% | $376K |
| Operating Income | -$675K+31.2% | -$982K+28.9% | -$1.4M+26.5% | -$1.9M-142.4% | -$775K-52.0% | -$510K-492.3% | $130K+121.8% | -$597K |
| Interest Expense | $243K+35.3% | $180K-31.4% | $262K+61.8% | $162K+14.0% | $142K-17.5% | $172K-38.0% | $277K+105.1% | $135K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Net Income | -$918K+26.2% | -$1.2M+22.0% | -$1.6M+69.8% | -$5.3M-387.0% | -$1.1M-167.5% | -$405K-111.4% | -$192K+73.8% | -$732K |
| EPS (Diluted) | $-0.01-200.0% | $0.01+200.0% | $-0.01+87.5% | $-0.08-900.0% | $0.01+200.0% | $-0.01 | N/A | N/A |
TKLS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3M-7.9% | $3.6M+4.9% | $3.5M+1.8% | $3.4M+408.4% | $668K+74.7% | $382K+49.5% | $256K-39.5% | $423K |
| Current Assets | $2.0M-10.8% | $2.2M+9.1% | $2.1M-31.7% | $3.0M+530.5% | $477K+173.3% | $175K+559.8% | $26K-86.4% | $194K |
| Cash & Equivalents | $33K+170.8% | $12K+5.6% | $11K-98.9% | $1.0M+171850.3% | $584-45.6% | $1K-95.0% | $21K-72.9% | $79K |
| Inventory | $1.7M+41.1% | $1.2M+96.0% | $612K+74.5% | $351K | N/A | N/A | $0-100.0% | $108K |
| Accounts Receivable | $118K+213.6% | $38K-65.0% | $108K+147.4% | $44K | $0 | $0 | $0-100.0% | $7K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $12.7M+5.1% | $12.1M+11.0% | $10.9M+11.4% | $9.7M+40.7% | $6.9M-12.1% | $7.9M+2.2% | $7.7M+7.4% | $7.2M |
| Current Liabilities | $12.0M+6.3% | $11.3M+22.7% | $9.2M+2.7% | $8.9M+41.2% | $6.3M-17.0% | $7.6M+3.1% | $7.4M+7.1% | $6.9M |
| Long-Term Debt | N/A | $739K-6.5% | $791K+705.2% | $98K-0.2% | $98K-18.0% | $120K-17.0% | $145K | N/A |
| Total Equity | -$9.3M-10.6% | -$8.4M-13.9% | -$7.4M-16.6% | -$6.3M-1.4% | -$6.3M+16.5% | -$7.5M-0.6% | -$7.4M-10.4% | -$6.7M |
| Retained Earnings | -$80.9M-1.1% | -$79.9M-1.6% | -$78.7M-2.1% | -$77.1M-13.1% | -$68.2M-1.6% | -$67.1M-0.2% | -$66.9M-0.5% | -$66.6M |
TKLS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$769K+16.6% | -$921K-30.3% | -$707K-9.3% | -$647K-53.5% | -$421K-4.6% | -$403K+46.1% | -$747K-55.0% | -$482K |
| Capital Expenditures | $28K-44.5% | $50K-75.6% | $204K+6.0% | $192K | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$796K+18.0% | -$971K-6.6% | -$911K-8.6% | -$839K-99.0% | -$421K-4.6% | -$403K+46.1% | -$747K-55.0% | -$482K |
| Investing Cash Flow | -$28K+44.5% | -$50K+75.6% | -$204K-6.0% | -$192K | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $817K-15.9% | $972K+1283.0% | -$82K-104.5% | $1.8M+329.5% | $421K+10.1% | $382K-44.4% | $687K+42.5% | $482K |
| 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 |
TKLS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8%+4.7pp | 19.1%-5.2pp | 24.3%+245.2pp | -220.9%-320.9pp | 100.0% | N/A | N/A | -278.1% |
| Operating Margin | -301.4%+738.0pp | -1039.5%-718.5pp | -321.0%+3358.7pp | -3679.6%+3010.8pp | -6690.4% | N/A | 162515.0%+184606.0pp | -22091.0% |
| Net Margin | -410.0%+907.9pp | -1317.8%-946.8pp | -371.1%+9963.3pp | -10334.4%-980.1pp | -9354.3% | N/A | -239558.8%-212469.6pp | -27089.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -27.5%+6.8pp | -34.3%+11.8pp | -46.1%+109.2pp | -155.3%+6.8pp | -162.2%-56.2pp | -106.0%-31.0pp | -74.9%+98.4pp | -173.3% |
| Current Ratio | 0.17-0.0 | 0.20-0.0 | 0.22-0.1 | 0.34+0.3 | 0.08+0.1 | 0.02+0.0 | 0.00-0.0 | 0.03 |
| Debt-to-Equity | -1.36-1.3 | -0.09+0.0 | -0.11-0.1 | -0.020.0 | -0.020.0 | -0.020.0 | -0.02+1.0 | -1.06 |
| FCF Margin | -355.5%+672.5pp | -1027.9%-816.2pp | -211.7%+1430.7pp | -1642.4%+1996.1pp | -3638.5% | N/A | -933413.8%-915594.9pp | -17818.9% |
Note: Shareholder equity is negative (-$6.3M), 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 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Trutankless's annual revenue?
Trutankless (TKLS) reported $242K in total revenue for fiscal year 2024. This represents a 6728.7% 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 Trutankless's revenue growing?
Trutankless (TKLS) revenue grew by 6728.7% year-over-year, from $4K to $242K in fiscal year 2024.
Is Trutankless profitable?
No, Trutankless (TKLS) reported a net income of -$10.2M in fiscal year 2024, with a net profit margin of -4203.1%.
What is Trutankless's earnings per share (EPS)?
Trutankless (TKLS) reported diluted earnings per share of $-0.11 for fiscal year 2024. This represents a -37.5% 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 Trutankless's EBITDA?
Trutankless (TKLS) had EBITDA of -$5.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Trutankless have?
As of fiscal year 2024, Trutankless (TKLS) had $1.0M in cash and equivalents against $98K in long-term debt.
What is Trutankless's gross margin?
Trutankless (TKLS) had a gross margin of -15.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Trutankless's operating margin?
Trutankless (TKLS) had an operating margin of -2153.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Trutankless's net profit margin?
Trutankless (TKLS) had a net profit margin of -4203.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Trutankless's free cash flow?
Trutankless (TKLS) generated -$2.5M in free cash flow during fiscal year 2024. This represents a -26.0% 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 Trutankless's operating cash flow?
Trutankless (TKLS) generated -$2.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Trutankless's total assets?
Trutankless (TKLS) had $3.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Trutankless's capital expenditures?
Trutankless (TKLS) invested $192K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Trutankless spend on research and development?
Trutankless (TKLS) invested $433K in research and development during fiscal year 2024.
How many shares does Trutankless have outstanding?
Trutankless (TKLS) had 129M shares outstanding as of fiscal year 2024.
What is Trutankless's current ratio?
Trutankless (TKLS) had a current ratio of 0.34 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Trutankless's debt-to-equity ratio?
Trutankless (TKLS) had a debt-to-equity ratio of -0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Trutankless's return on assets (ROA)?
Trutankless (TKLS) had a return on assets of -299.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Trutankless's cash runway?
Based on fiscal year 2024 data, Trutankless (TKLS) had $1.0M in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 5 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 Trutankless's debt-to-equity ratio negative or unusual?
Trutankless (TKLS) has negative shareholder equity of -$6.3M 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 Trutankless's Piotroski F-Score?
Trutankless (TKLS) 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 Trutankless's earnings high quality?
Trutankless (TKLS) has an earnings quality ratio of 0.23x, 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 Trutankless cover its interest payments?
Trutankless (TKLS) has an interest coverage ratio of -9.1x, meaning it can struggle to 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 Trutankless?
Trutankless (TKLS) scores 25 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.