Turnongreen Inc (TOGI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TOGI SEC filings page.
Turnongreen Inc (TOGI) reported $7.2M in revenue for fiscal year 2025, up 47.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Revenue expansion is absorbing overhead, but financing still supports a cash-consuming business with a severely strained balance sheet.
From FY2024 to FY2025, revenue rose47.2% while SG&A fell20.5% , showing growth was accompanied by overhead contraction rather than overhead expansion. Operating margin consequently improved from-72.2% to-18.5% , a scale-and-cost effect that is meaningful even though it has not yet produced positive operating cash flow.
Net loss narrowed from
The FY2025 current ratio was 0.2x, while the reported liquidity measure was 0.3 months of annual operating outflow, indicating limited short-term flexibility. Liabilities exceeded assets by more than tenfold, and financing supplied
Financial Health Signals
Turnongreen 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.
Turnongreen Inc scores -23.53, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.8M) relative to total liabilities ($36.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Turnongreen Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Turnongreen Inc reported a net loss of $2.1M while operations used $3.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Turnongreen Inc reported an operating loss of $1.3M against $158K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Turnongreen Inc generated $1.8M in revenue in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Turnongreen Inc's EBITDA was -$146K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.3% from the same quarter a year earlier. Against the prior quarter it is up 76.2%.
Turnongreen Inc reported -$348K in net income in Q2 2026. This represents an increase of 46.5% from the same quarter a year earlier. Against the prior quarter it is up 55.0%.
Cash & Balance Sheet
Turnongreen Inc held $61K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Turnongreen Inc's gross margin was 46.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.6 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Turnongreen Inc's operating margin was -8.8% in Q2 2026, reflecting core business profitability. This is up 21.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.0 percentage points.
Turnongreen Inc's net profit margin was -19.8% in Q2 2026, showing the share of revenue converted to profit. This is up 18.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 24.7 percentage points.
Not reported for Q2 2026.
Capital Allocation
Turnongreen Inc invested $72K in research and development in Q2 2026. This represents a decrease of 32.7% from the same quarter a year earlier. Against the prior quarter it is down 76.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
TOGI 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M+3.7% | $1.7M+9.0% | $2.2M+89.7% | $1.7M+35.0% | $1.7M+36.9% | $1.6M+30.0% | $1.2M-19.1% | $1.3M+10.6% |
| Cost of Revenue | $933K-7.7% | $923K+7.1% | $1.0M+20.4% | $1.0M+66.7% | $1.0M+51.3% | $862K+29.2% | $840K-4.1% | $615K-46.0% |
| Gross Profit | $821K+20.6% | $813K+11.4% | $1.2M+271.0% | $717K+6.2% | $681K+19.9% | $730K+30.8% | $321K-42.6% | $675K+2310.7% |
| R&D Expenses | $72K-32.7% | $308K+146.4% | $107K+10.3% | $105K+8.2% | $107K+4.9% | $125K+12.6% | $97K-14.9% | $97K0.0% |
| SG&A Expenses | $734K-21.6% | $1.1M+25.8% | $500K-60.0% | $823K-9.5% | $936K-1.0% | $895K+3.7% | $1.2M-4.2% | $909K+18.7% |
| Operating Income | -$154K+69.4% | -$621K-51.5% | -$71K+95.6% | -$349K+37.7% | -$504K+29.0% | -$410K+38.4% | -$1.6M-118.5% | -$560K+52.3% |
| EBITDA | -$146K+70.3% | -$613K-57.2% | -$67K+95.7% | -$329K+39.4% | -$492K+29.0% | -$390K+39.3% | -$1.6M-121.1% | -$543K+52.8% |
| Interest Expense | $80K+1042.9% | $50K+614.3% | -$180K-221.4% | $8K | $7K | $7K | -$56K | $0-100.0% |
| Income Tax | $2K0.0% | N/A | N/A | N/A | $2K | N/A | N/A | N/A |
| Net Income | -$348K+46.5% | -$773K-42.9% | -$412K+76.9% | -$509K+22.9% | -$651K+18.4% | -$541K+26.4% | -$1.8M-127.6% | -$660K+45.0% |
| EPS (Basic) | $0.00 | N/A | $0.00 | -$0.010.0% | $0.00 | $0.00+100.0% | $0.00+100.0% | -$0.010.0% |
| EPS (Diluted) | $0.00 | N/A | $0.00 | -$0.010.0% | $0.00 | $0.00+100.0% | $0.00+100.0% | -$0.01 |
| Diluted Shares (Avg) | 184M0.0% | 184M0.0% | N/A | 184M0.0% | 184M0.0% | 184M0.0% | N/A | 184M |
TOGI Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.7M+80.7% | $5.0M+73.7% | $3.2M+17.6% | $2.7M-27.2% | $2.6M-34.5% | $2.9M-32.5% | $2.7M-41.8% | $3.8M-27.6% |
| Current Assets | $2.9M+52.5% | $3.1M+54.1% | $2.6M+46.7% | $2.1M-13.1% | $1.9M-23.8% | $2.0M-22.6% | $1.8M-40.7% | $2.4M-25.5% |
| Cash & Equivalents | $61K-70.5% | $127K | $65K+140.7% | $67K+103.0% | $207K+228.6% | N/A | $27K+28.6% | $33K-5.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | N/A | $0 | $0 |
| Inventory | $1.1M-0.5% | $1.1M+6.1% | $984K+10.6% | $1.1M+0.4% | $1.1M+2.3% | $1.1M-3.3% | $890K-33.5% | $1.1M-42.0% |
| Accounts Receivable | $1.7M+237.1% | $1.8M+88.0% | $1.4M+96.4% | $951K+53.1% | $496K-21.1% | $935K+30.2% | $730K-24.4% | $621K-10.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | N/A | $0 | $0 |
| Total Liabilities | $38.6M+12.0% | $38.6M+13.0% | $36.1M+7.7% | $35.2M+7.5% | $34.5M-3.9% | $34.1M-2.2% | $33.5M-2.0% | $32.7M-1.8% |
| Current Liabilities | $12.2M+30.5% | $12.1M+35.3% | $10.9M+32.3% | $10.0M+36.5% | $9.3M-10.3% | $9.0M-3.3% | $8.3M-1.7% | $7.4M-77.4% |
| Non-Current Liabilities | $26.4M+5.1% | $26.5M+5.1% | $25.1M-0.3% | $25.1M-0.9% | $25.2M-1.3% | $25.2M-1.8% | $25.2M-2.0% | $25.4M+2858.6% |
| Total Equity | -$34.0M-6.4% | -$33.6M-7.5% | -$32.8M-6.9% | -$32.4M-12.0% | -$31.9M+0.2% | -$31.3M-2.0% | -$30.7M-4.4% | -$29.0M-2.9% |
| Retained Earnings | -$50.3M-4.2% | -$50.0M-4.9% | -$49.2M-4.5% | -$48.8M-5.3% | -$48.3M-5.7% | -$47.6M-7.4% | -$47.1M-9.2% | -$46.3M-10.8% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
TOGI Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$483K+2.4% | -$889K-43.4% | -$1.1M-56.7% | -$753K-52.7% | -$495K+26.7% | -$620K+22.9% | -$693K+36.8% | -$493K+28.2% |
| Depreciation & Amortization | $8K-33.3% | $8K-60.0% | -$3K-111.5% | $20K+17.6% | $12K-29.4% | $20K-16.7% | $26K+4.0% | $17K-26.1% |
| Capital Expenditures | N/A | N/A | -$11K0.0% | N/A | N/A | N/A | -$11K-21.4% | $46K+228.6% |
| Free Cash Flow | N/A | N/A | -$1.1M-55.8% | N/A | N/A | N/A | -$704K+36.6% | -$539K+23.1% |
| Investing Cash Flow | $0 | $49K | $11K0.0% | N/A | N/A | N/A | $11K+178.6% | -$46K-228.6% |
| Financing Cash Flow | $417K-40.6% | $902K+52.1% | $1.1M+58.7% | $704K+38.3% | $702K+10.6% | $593K-33.6% | $676K-38.4% | $509K-24.1% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
TOGI 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.8%+6.6pp | 46.8%+1.0pp | 54.1%+26.4pp | 41.2%-11.2pp | 40.3%-5.7pp | 45.9%+0.3pp | 27.7%-11.3pp | 52.3%+49.9pp |
| Operating Margin | -8.8%+21.0pp | -35.8%-10.0pp | -3.2% | -20.0%+23.4pp | -29.8%+27.7pp | -25.8%+28.6pp | -138.5% | -43.4% |
| Net Margin | -19.8%+18.6pp | -44.5%-10.5pp | -18.7% | -29.2%+21.9pp | -38.5%+26.1pp | -34.0%+26.0pp | -153.3% | -51.2% |
| Return on Assets | -7.5%+17.8pp | -15.6%+3.4pp | -12.8%+52.1pp | -18.6%-1.0pp | -25.2%-5.0pp | -18.9%-1.6pp | -64.8%-48.3pp | -17.6%+5.5pp |
| Current Ratio | 0.240.0x | 0.260.0x | 0.240.0x | 0.21-0.1x | 0.200.0x | 0.23-0.1x | 0.21-0.1x | 0.33+0.2x |
| Asset Turnover | 0.38-0.3x | 0.35-0.2x | 0.68+0.3x | 0.64+0.3x | 0.66+0.3x | 0.56+0.3x | 0.42+0.1x | 0.34+0.1x |
| FCF Margin | N/A | N/A | -49.8%+10.8pp | N/A | N/A | N/A | -60.6%+16.8pp | -41.8%+18.3pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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 (-$32.8M), 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 (0.24), 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 |
|---|---|---|---|---|---|---|
| Turnongreen Inc TOGI | FY2025 | $7.2M | -$2.1M | -29.2% | $2.8M | — |
| Ozop Energy Solutions Inc OZSC | FY2025 | $307K | N/A | N/A | $66K | — |
Where Turnongreen Inc Ranks
Frequently Asked Questions
What is Turnongreen Inc's annual revenue?
Turnongreen Inc (TOGI) reported $7.2M in total revenue for fiscal year 2025. This represents a 47.1% 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 Turnongreen Inc's revenue growing?
Turnongreen Inc (TOGI) revenue grew by 47.1% year-over-year, from $4.9M to $7.2M in fiscal year 2025.
Is Turnongreen Inc profitable?
No, Turnongreen Inc (TOGI) reported a net income of -$2.1M in fiscal year 2025, with a net profit margin of -29.2%.
What is Turnongreen Inc's EBITDA?
Turnongreen Inc (TOGI) had EBITDA of -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Turnongreen Inc's gross margin?
Turnongreen Inc (TOGI) had a gross margin of 45.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Turnongreen Inc's operating margin?
Turnongreen Inc (TOGI) had an operating margin of -18.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Turnongreen Inc's net profit margin?
Turnongreen Inc (TOGI) had a net profit margin of -29.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Turnongreen Inc's free cash flow?
Turnongreen Inc (TOGI) recorded an outflow of $3.0M in free cash flow during fiscal year 2025. This represents a -12.1% 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 Turnongreen Inc's operating cash flow?
Turnongreen Inc (TOGI) recorded an outflow of $3.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Turnongreen Inc's total assets?
Turnongreen Inc (TOGI) had $3.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Turnongreen Inc's capital expenditures?
Turnongreen Inc (TOGI) invested $80K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Turnongreen Inc spend on research and development?
Turnongreen Inc (TOGI) invested $444K in research and development during fiscal year 2025.
What is Turnongreen Inc's current ratio?
Turnongreen Inc (TOGI) had a current ratio of 0.24 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Turnongreen Inc's return on assets (ROA)?
Turnongreen Inc (TOGI) had a return on assets of -65.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Turnongreen Inc's P/E ratio?
Turnongreen Inc (TOGI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.8M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Turnongreen Inc's price-to-sales ratio?
Turnongreen Inc (TOGI) trades at 0.4x sales, its market capitalization divided by revenue of $7.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.8M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Turnongreen Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Turnongreen Inc (TOGI) held $65K in cash, cash equivalents and investments, and reported an operating cash outflow of $3.0M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Turnongreen Inc's debt-to-equity ratio negative or not reported?
Turnongreen Inc (TOGI) has negative shareholder equity of -$32.8M as of fiscal year 2025, 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 Turnongreen Inc's Altman Z-Score?
Turnongreen Inc (TOGI) has an Altman Z-Score of -23.53, 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 Turnongreen Inc's Piotroski F-Score?
Turnongreen Inc (TOGI) has a Piotroski F-Score of 5 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 Turnongreen Inc's earnings high quality?
Turnongreen Inc (TOGI) reported a net loss of $2.1M while operations used $3.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Turnongreen Inc cover its interest payments?
Turnongreen Inc (TOGI) reported an operating loss of $1.3M against $158K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.