TINGO INC (TMNA) Financials

TMNA

FY2022 annual

Revenue $989.2M +14.2% YoY

Net Income $451.3M +342.9% YoY

Operating Cash Flow $80.5M -94.1% YoY

Gross Profit $959.2M +64.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Jun 30, 2023 Reported Aug 14, 2023 Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2023, filed Aug 14, 2023. Each column of the statement tables below links to the filing it was taken from.

TINGO INC (TMNA) reported $989.2M in revenue for fiscal year 2022, up 14.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 TMNA FY2022 2026-10-04

The business now reports high margins, yet its latest profit produced little operating cash and short-term coverage remained below one.

In FY2022, net income reached $451M while operating cash flow was only $80.5M, so reported profitability substantially exceeded cash generation. The prior year's operating cash flow of $1.4B makes this a reversal rather than a consistent earnings-to-cash pattern.

Total liabilities fell from $1.1B in FY2021 to $28.5M in FY2022, sharply reducing the balance sheet's liability burden. Debt-to-equity was 0.0x, but the current ratio was 0.7x, so the cleaner long-term structure did not mean abundant short-term coverage.

FY2022 gross margin reached 97.0%, leaving little room for further cost-of-revenue improvement. EBITDA of $817M versus operating income of $438M shows depreciation is a major reported expense, helping explain why the profit and cash pictures diverge.

Financial Health Signals

Financial health score not available

TINGO INC 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.

Altman Z-Score Grey Zone

2.89

TINGO INC scores 2.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

TINGO INC passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, TINGO INC generates $0.18 in operating cash flow ($80.5M OCF vs $451.3M 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

1,857.72x

TINGO INC earns $1,857.72 in operating income for every $1 of interest expense ($438.4M vs $236K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Net Income

-$11.2M

YoY-115.5%

QoQ+40.9%

TINGO INC reported -$11.2M in net income in Q3 2023. This represents a decrease of 115.5% from the same quarter a year earlier. Against the prior quarter it is up 40.9%.

EPS (Diluted)

-$0.01

YoY+50.0%

QoQ+50.0%

TINGO INC earned -$0.01 per diluted share (EPS) in Q3 2023. This represents an increase of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 50.0%.

Revenue

Not reported for Q3 2023.

EBITDA

Not reported for Q3 2023.

Cash & Balance Sheet

Cash & Debt

$14K

YoY-100.0%

QoQ-57.9%

5Y CAGR-57.7%

TINGO INC held $14K in cash as of Q3 2023; long-term debt is not reported for that period.

Shares Outstanding

1.23B

YoY0.0%

QoQ0.0%

5Y CAGR+98.1%

TINGO INC had 1.23B shares outstanding in Q3 2023. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2023.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Return on Equity

-0.9%

YoY-10.0pp

QoQ+0.7pp

TINGO INC's ROE was -0.9% in Q3 2023, measuring profit generated per dollar of shareholder equity. This is down 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Gross Margin

Not reported for Q3 2023.

Operating Margin

Not reported for Q3 2023.

Net Margin

Not reported for Q3 2023.

Capital Allocation

None of these metrics is reported for Q3 2023.

TMNA 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.

TMNA quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Revenue	N/A	$989.2M+14.2%	$865.8M+47.9%	$585.3M	$0-100.0%	$30K-76.1%	$126K	$0	N/A
Cost of Revenue	N/A	$30.0M-89.4%	$284.2M-22.0%	$364.4M	$0-100.0%	$5K-72.8%	$19K	$0	N/A
Gross Profit	N/A	$959.2M+64.9%	$581.7M+163.3%	$220.9M	$0-100.0%	$25K-76.7%	$107K	$0	N/A
SG&A Expenses	$37.9M	$55.5M-23.9%	$73.0M+7754.0%	$929K-18.5%	$1.1M+39.4%	$819K+38.2%	$592K+427.0%	$112K	N/A
Operating Income	$215.0M	$438.4M+570.8%	$65.4M-67.6%	$201.9M+17792.7%	-$1.1M-43.8%	-$794K-63.6%	-$485K-331.5%	-$112K	N/A
EBITDA	N/A	$817.1M+161.4%	$312.5M+50.5%	$207.6M+18354.6%	-$1.1M-43.8%	-$791K-63.5%	-$484K-330.2%	-$112K	N/A
Interest Expense	N/A	$236K	$0-100.0%	$870K	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	$104.8M+92.1%	$54.5M	N/A	$0	$0	$0	-$895
Net Income	$315.8M	$451.3M+342.9%	-$185.8M-230.9%	$142.0M+14528.5%	-$984K-27.2%	-$773K-71.1%	-$452K-302.1%	-$112K	N/A
EPS (Basic)	N/A	$0.24+366.7%	-$0.09-175.0%	$0.12	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	—	N/A	-$0.09	$0.12	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	1.07B	1.03B	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-K	Q4'2110-K
Revenue	N/A	N/A	$171.8M	$291.7M+64.8%	$268.7M	$257.1M	N/A	$177.0M
Cost of Revenue	N/A	N/A	$1.5M	$22.9M+920.7%	$3.1M	$2.5M-0.5%	N/A	$2.2M-22.3%
Gross Profit	N/A	N/A	$170.2M	$268.8M+53.8%	$265.6M	$254.6M	N/A	$174.7M
SG&A Expenses	$10.9M-46.2%	$11.0M-42.7%	$2.5M	$13.5M+1622.6%	$20.3M	$19.2M+8426.5%	N/A	$782K+272.8%
Operating Income	-$11.2M-109.2%	-$19.1M-126.8%	$95.7M	$149.5M+610.4%	$122.0M	$71.2M	N/A	-$29.3M
EBITDA	N/A	N/A	$160.6M	$249.7M+958.4%	$228.9M	$177.9M	N/A	-$29.1M
Interest Expense	$299K+1159.5%	$294K	N/A	$42K	$24K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	$38.7M	N/A	$15.1M
Net Income	-$11.2M-115.5%	-$19.0M-158.2%	$255.3M	$90.7M+303.0%	$72.6M	$32.6M	N/A	-$44.7M-16255.2%
EPS (Basic)	-$0.01-116.7%	-$0.02-166.7%	N/A	$0.05+225.0%	$0.06+500.0%	$0.03+50.0%	-$0.18-105.9%	-$0.04-300.0%
EPS (Diluted)	-$0.01+50.0%	-$0.02-166.7%	N/A	$0.05	-$0.02	$0.03	-$0.18	-$0.04
Diluted Shares (Avg)	1.23B+0.5%	1.23B+1.0%	N/A	1.23B	1.22B	1.21B	N/A	1.05B

Not reported in any period shown, so not listed: R&D Expenses.

TMNA Balance Sheet

TMNA quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Total Assets	$1.2B-27.1%	$1.7B+226.7%	$518.3M+29489.1%	$1.8M+14.8%	$1.5M+41.0%	$1.1M+976.3%	$101K	$1K
Current Assets	$19.6M-96.0%	$492.8M+82.4%	$270.2M+19180.5%	$1.4M-7.6%	$1.5M+41.7%	$1.1M+963.6%	$101K	N/A
Cash & Equivalents	$985-100.0%	$128.4M+355.2%	$28.2M+14230.4%	$197K-73.1%	$731K0.0%	$731K+124684.8%	$586	$1K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	N/A
Inventory	$0-100.0%	$130K+325.8%	$30K	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$6K	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$1.2B	$0	$0	$0	$0	$0	$0	N/A
Total Liabilities	$28.5M-97.4%	$1.1B+1112.2%	$90.5M+130.2%	-$300.1M-265495.7%	$113K-91.9%	$1.4M+1905.8%	$69K	$895
Current Liabilities	$28.5M-97.4%	$1.1B+1142.2%	$88.1M+7537.6%	$1.2M+920.4%	$113K-91.9%	$1.4M+1905.8%	$69K	N/A
Non-Current Liabilities	$4.1M+86.8%	$2.2M-8.0%	$2.4M+100.8%	-$301.3M	$0	$0	$0	N/A
Total Equity	$1.2B+102.3%	$596.3M+39.4%	$427.8M+41.7%	$301.9M+21192.1%	$1.4M+561.3%	-$307K-1082.5%	$31K	$124
Retained Earnings	$818.8M+96.8%	$416.1M-9.2%	$458.4M+19846.8%	-$2.3M-73.6%	-$1.3M-137.0%	-$564K-402.1%	-$112K	-$16K

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-K	Q4'2110-K
Total Assets	$1.2B-12.3%	$1.2B+1.9%	$1.2B-27.1%	$1.5B-45.4%	$1.4B+23017932.4%	$1.2B+190909.8%	$1.7B+226.7%	$2.8B+310783.1%
Current Assets	$20.1M-95.3%	$19.9M-83.4%	$19.6M-96.0%	$632.6M-65.8%	$422.9M+9688669.1%	$120.2M+52216.9%	$492.8M+82.4%	$1.8B+401147.5%
Cash & Equivalents	$14K-100.0%	$32K-99.9%	$985-100.0%	$246.6M+872.0%	$104.1M+20026269.2%	$25.3M+29911.0%	$128.4M+355.2%	$25.4M+70342.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	$0-100.0%	N/A	$34K	$103K	$130K+325.8%	$225K
Accounts Receivable	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$1.2B	$1.2B	$1.2B	$0	$0	$0	$0	$0
Total Liabilities	$38.4M-93.7%	$37.4M-92.7%	$28.5M-97.4%	$604.6M-73.2%	$607.5M+233.0%	$511.9M+215.3%	$1.1B+1112.2%	$2.3B+675.6%
Current Liabilities	$38.4M-93.6%	$37.4M-92.6%	$28.5M-97.4%	$600.4M-56.0%	$603.2M+281703.2%	$507.6M+38099.9%	$1.1B+1142.2%	$1.4B+128759.9%
Non-Current Liabilities	$0-100.0%	$0-100.0%	$4.1M+86.8%	$4.2M-99.5%	$4.3M+100.9%	$4.3M+101.0%	$2.2M-8.0%	$887.5M+326.2%
Total Equity	$1.2B+49.3%	$1.2B+70.9%	$1.2B+102.3%	$904.9M+77.5%	$801.4M+75.4%	$700.7M+57.6%	$596.3M+39.4%	$509.7M+30.0%
Retained Earnings	$788.7M+51.3%	$799.9M+78.3%	$818.8M+96.8%	$612.0M+33.1%	$521.3M+15293.7%	$448.7M+12319.8%	$416.1M-9.2%	$459.9M+14330.3%

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

TMNA Cash Flow Statement

TMNA quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Operating Cash Flow	$218.6M	$80.5M-94.1%	$1.4B+2091.7%	$61.7M+7379.6%	-$848K+44.1%	-$1.5M-384.4%	-$313K-47.4%	-$212K	N/A
Depreciation & Amortization	N/A	$378.7M+53.2%	$247.2M+4184.2%	$5.8M+164178.5%	$4K+21.5%	$3K+92.7%	$2K	$0	N/A
Capital Expenditures	N/A	N/A	$405K+694.3%	$51K+132.3%	$22K	$0-100.0%	$14K	$0	N/A
Free Cash Flow	N/A	N/A	$1.4B+2092.8%	$61.7M+7190.1%	-$870K+42.7%	-$1.5M-364.0%	-$327K-53.9%	-$212K	N/A
Investing Cash Flow	N/A	-$203.3M+83.3%	-$1.2B-511.9%	-$199.5M-60124.6%	-$331K	$0+100.0%	-$14K	$0	N/A
Financing Cash Flow	-$989K	$91.3M-69.4%	$298.2M+3445.2%	-$8.9M-784.1%	$1.3M-40.4%	$2.2M+465.4%	$387K+83.7%	$211K	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-K	Q4'2110-K
Operating Cash Flow	-$41K+99.9%	$71K+100.1%	$62.4M-95.3%	$156.2M+4815.2%	-$33.9M	-$104.2M	$1.3B+22914.6%	-$3.3M
Depreciation & Amortization	N/A	N/A	$64.7M-41.8%	$100.2M+47882.3%	$106.9M	$106.7M+13934.4%	$111.2M+11220.3%	$209K-86.3%
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	$23.4M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$1K-99.2%	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$1.3B+23515.8%	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$1.2B-4007.2%	-$1.2M
Financing Cash Flow	$23K	-$40K	$2.1M-99.3%	-$3.0M-2010.6%	N/A	N/A	$298.0M+14216.3%	$159K

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

TMNA 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.

TMNA quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Gross Margin	97.0%+29.8pp	67.2%+29.4pp	37.7%	N/A	82.8%-2.1pp	84.9%	N/A	N/A
Operating Margin	44.3%+36.8pp	7.5%-26.9pp	34.5%	N/A	-2628.5%	-383.6%	N/A	N/A
Net Margin	45.6%+67.1pp	-21.5%-45.7pp	24.3%	N/A	-2561.3%	-357.4%	N/A	N/A
Return on Equity	37.4%+68.6pp	-31.1%-64.3pp	33.2%+33.5pp	-0.3%+54.2pp	-54.5%	N/A	-359.3%	N/A
Return on Assets	36.5%+47.5pp	-11.0%-38.4pp	27.4%+83.6pp	-56.2%-5.5pp	-50.7%-8.9pp	-41.7%+70.0pp	-111.8%	N/A
Current Ratio	0.69+0.2x	0.45-2.6x	3.07+1.9x	1.21-12.2x	13.41+12.6x	0.77-0.7x	1.45	N/A
Debt-to-Equity	0.02-1.8x	1.84+1.6x	0.21	N/A	0.08	N/A	2.21	7.22
Asset Turnover	0.80+0.3x	0.51-0.6x	1.13+1.1x	0.000.0x	0.02-0.1x	0.12+0.1x	0.00	N/A
FCF Margin	N/A	156.2%	10.5%	N/A	-5024.7%	-258.5%	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-K	Q4'2110-K
Gross Margin	N/A	N/A	99.1%	92.2%-6.6pp	98.8%	99.0%	N/A	98.7%
Operating Margin	N/A	N/A	55.7%	51.3%+67.8pp	45.4%	27.7%	N/A	-16.6%
Net Margin	N/A	N/A	148.7%	31.1%+56.4pp	27.0%	12.7%	N/A	-25.3%
Return on Equity	-0.9%-10.0pp	-1.6%-6.3pp	21.2%	10.0%+18.8pp	9.0%	4.7%	N/A	-8.8%-8.7pp
Return on Assets	-0.9%-6.1pp	-1.5%-4.2pp	20.7%	6.0%+7.6pp	5.1%	2.7%	N/A	-1.6%+29.1pp
Current Ratio	0.52-0.2x	0.53+0.3x	0.69+0.2x	1.05-0.3x	0.70+0.7x	0.24+0.1x	0.45-2.6x	1.35+0.9x
Debt-to-Equity	0.03-0.7x	0.03-0.7x	0.02-1.8x	0.67-3.8x	0.76	0.73	1.84+1.6x	4.42
Asset Turnover	N/A	N/A	0.14	0.19+0.1x	0.19	0.21	N/A	0.06

Not reported in any period shown, so not listed: FCF Margin.

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: Net Margin.

Note: The current ratio is below 1.0 (0.69), 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
TINGO INC TMNA	FY2022	$989.2M	$451.3M	45.6%	$123K	—
DATA443 RISK MTIGTING INC ATDS	FY2025	$4.4M	-$2.6M	-58.1%	$263K	—
VOCODIA HLDGS CORP VHAI	FY2024	$50K	N/A	N/A	$1.1M	—

Where TINGO INC Ranks

Frequently Asked Questions

What is TINGO INC's annual revenue?

TINGO INC (TMNA) reported $989.2M in total revenue for fiscal year 2022. This represents a 14.2% 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 TINGO INC's revenue growing?

TINGO INC (TMNA) revenue grew by 14.2% year-over-year, from $865.8M to $989.2M in fiscal year 2022.

Is TINGO INC profitable?

Yes, TINGO INC (TMNA) reported a net income of $451.3M in fiscal year 2022, with a net profit margin of 45.6%.

What is TINGO INC's EBITDA?

TINGO INC (TMNA) had EBITDA of $817.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is TINGO INC's gross margin?

TINGO INC (TMNA) had a gross margin of 97.0% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is TINGO INC's operating margin?

TINGO INC (TMNA) had an operating margin of 44.3% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is TINGO INC's net profit margin?

TINGO INC (TMNA) had a net profit margin of 45.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is TINGO INC's return on equity (ROE)?

TINGO INC (TMNA) has a return on equity of 37.4% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is TINGO INC's operating cash flow?

TINGO INC (TMNA) generated $80.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are TINGO INC's total assets?

TINGO INC (TMNA) had $1.2B in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does TINGO INC have outstanding?

TINGO INC (TMNA) had 1.23B shares outstanding as of fiscal year 2022.

What is TINGO INC's current ratio?

TINGO INC (TMNA) had a current ratio of 0.69 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is TINGO INC's debt-to-equity ratio?

TINGO INC (TMNA) had a debt-to-equity ratio of 0.02 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TINGO INC's return on assets (ROA)?

TINGO INC (TMNA) had a return on assets of 36.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is TINGO INC's Altman Z-Score?

TINGO INC (TMNA) has an Altman Z-Score of 2.89, placing it in the Grey Zone (moderate 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 TINGO INC's Piotroski F-Score?

TINGO INC (TMNA) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 TINGO INC's earnings high quality?

TINGO INC (TMNA) has an earnings quality ratio of 0.18x, 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 TINGO INC cover its interest payments?

TINGO INC (TMNA) has an interest coverage ratio of 1,857.72x, 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.