What is Turnongreen Inc's earnings per share (EPS)?

Turnongreen Inc (TOGI) reported diluted earnings per share of $-0.01 for fiscal year 2025. This represents a 50.0% 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.

Turnongreen Inc Financials

TOGI

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Turnongreen Inc (TOGI) financial statements, including the 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).

Financial Health Signals

Financial Profile 17/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Turnongreen Inc has an operating margin of -18.5%, meaning the company retains $-18 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 -72.2% the prior year.

Growth

100

Turnongreen Inc's revenue surged 47.1% year-over-year to $7.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Turnongreen Inc has elevated debt relative to equity (D/E of 16.54), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Turnongreen Inc's current ratio of 0.24 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Turnongreen Inc generated -$3.0M in operating cash flow, capex of $80K consumed most of it, leaving -$3.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Turnongreen Inc generates a -1148.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Neutral

4/9

Turnongreen Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

1.40x

For every $1 of reported earnings, Turnongreen Inc generates $1.40 in operating cash flow (-$3.0M OCF vs -$2.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-8.4x

Turnongreen Inc earns $-8.4 in operating income for every $1 of interest expense (-$1.3M vs $158K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.2M

YoY+47.1%

5Y CAGR+1100.4%

Turnongreen Inc generated $7.2M in revenue in fiscal year 2025. This represents an increase of 47.1% from the prior year.

EBITDA

-$1.3M

YoY+63.0%

Turnongreen Inc's EBITDA was -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 63.0% from the prior year.

Net Income

-$2.1M

YoY+46.8%

Turnongreen Inc reported -$2.1M in net income in fiscal year 2025. This represents an increase of 46.8% from the prior year.

EPS (Diluted)

$-0.01

YoY+50.0%

Turnongreen Inc earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.0M

YoY-12.1%

Turnongreen Inc generated -$3.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 12.1% from the prior year.

Cash & Debt

$27K

YoY+0.0%

5Y CAGR-36.3%

Turnongreen Inc held $27K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

184M

YoY+0.0%

5Y CAGR+6.6%

Turnongreen Inc had 184M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

45.9%

YoY+2.7pp

5Y CAGR-54.1pp

Turnongreen Inc's gross margin was 45.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.

Operating Margin

-18.5%

YoY+53.7pp

5Y CAGR+40505.7pp

Turnongreen Inc's operating margin was -18.5% in fiscal year 2025, reflecting core business profitability. This is up 53.7 percentage points from the prior year.

Net Margin

-29.2%

YoY+51.6pp

5Y CAGR+159550.1pp

Turnongreen Inc's net profit margin was -29.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 51.6 percentage points from the prior year.

Return on Equity

-1148.4%

Turnongreen Inc's ROE was -1148.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$253K

Turnongreen Inc invested $253K in research and development in fiscal year 2025.

Share Buybacks

N/A

Capital Expenditures

$80K

YoY+90.5%

5Y CAGR+148.2%

Turnongreen Inc invested $80K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 90.5% from the prior year.

TOGI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.2M+47.1%	$4.9M+16.9%	$4.2M-23.9%	$5.5M+3.3%	$5.3M+18434382.8%	$29
Cost of Revenue	$3.9M+40.1%	$2.8M-15.6%	$3.3M-5.7%	$3.5M+23359900.0%	$15	N/A
Gross Profit	$3.3M+56.4%	$2.1M+137.1%	$895K-55.6%	$2.0M+19.8%	$1.7M+5806796.6%	$29
R&D Expenses	$253K	N/A	$418K-40.0%	$697K+38.3%	$504K	N/A
SG&A Expenses	$3.2M-12.6%	$3.6M-12.4%	$4.1M+2.7%	$4.0M+91.4%	$2.1M+34452.6%	$6K
Operating Income	-$1.3M+62.4%	-$3.5M+24.2%	-$4.7M-10.9%	-$4.2M-130.7%	-$1.8M-15446.3%	-$12K
Interest Expense	-$158K-182.1%	-$56K	N/A	-$2K-119.9%	$10K+410.2%	$2K
Income Tax	$2K-60.0%	$5K	N/A	N/A	-$44K-349.8%	-$10K
Net Income	-$2.1M+46.8%	-$4.0M+17.8%	-$4.8M-14.5%	-$4.2M-131.0%	-$1.8M-3847.9%	-$46K
EPS (Diluted)	$-0.01+50.0%	$-0.02+50.0%	$-0.04+55.6%	$-0.09	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.7M+3.0%	$1.7M+6.3%	$1.6M+37.1%	$1.2M-10.0%	$1.3M+4.4%	$1.2M+0.9%	$1.2M-14.6%	$1.4M
Cost of Revenue	$1.0M+1.4%	$1.0M+17.3%	$862K+2.6%	$840K+36.6%	$615K-7.9%	$668K+0.1%	$667K-23.9%	$876K
Gross Profit	$717K+5.3%	$681K-6.7%	$730K+127.4%	$321K-52.4%	$675K+18.8%	$568K+1.8%	$558K-0.2%	$559K
R&D Expenses	$105K-1.9%	$107K-14.4%	$125K	N/A	$97K-4.9%	$102K-8.1%	$111K-2.6%	$114K
SG&A Expenses	$823K-12.1%	$936K+4.6%	$895K+0.2%	$893K-1.8%	$909K-3.8%	$945K+9.5%	$863K-33.8%	$1.3M
Operating Income	-$349K+30.8%	-$504K-22.9%	-$410K+74.5%	-$1.6M-187.1%	-$560K+21.1%	-$710K-6.6%	-$666K+9.5%	-$736K
Interest Expense	$8K+14.3%	$7K0.0%	$7K+112.5%	-$56K	$0	$0	$0	N/A
Income Tax	N/A	$2K	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$509K+21.8%	-$651K-20.3%	-$541K+69.6%	-$1.8M-169.7%	-$660K+17.3%	-$798K-8.6%	-$735K+6.0%	-$782K
EPS (Diluted)	$-0.010.0%	$-0.01	$0.00	N/A	$-0.01	$0.00+100.0%	$-0.01	N/A

TOGI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.2M+17.6%	$2.7M-41.8%	$4.7M-29.1%	$6.7M+50.2%	$4.4M+8894.0%	$49K
Current Assets	$2.6M+46.7%	$1.8M-40.7%	$3.0M-32.8%	$4.4M+16.1%	$3.8M+9378.6%	$40K
Cash & Equivalents	$27K0.0%	$27K+28.6%	$21K-77.9%	$95K-15.2%	$112K-56.6%	$258K
Inventory	$984K+10.6%	$890K-33.5%	$1.3M-48.4%	$2.6M+108.3%	$1.2M+11304.0%	$11K
Accounts Receivable	$1.4M+96.4%	$730K-24.4%	$966K-5.5%	$1.0M+63.0%	$627K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0M-90.9%	$33.5M-2.0%	$34.1M+13.7%	$30.0M+13.6%	$26.4M+6.7%	$24.8M
Current Liabilities	$10.9M+32.3%	$8.3M-1.7%	$8.4M+125.3%	$3.7M+198.7%	$1.2M+1126.2%	$102K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$184K+100.6%	-$30.7M-4.4%	-$29.4M-25.8%	-$23.4M-6.3%	-$22.0M+11.0%	-$24.7M
Retained Earnings	-$49.2M-4.5%	-$47.1M-9.2%	-$43.1M-18.9%	-$36.3M-15.5%	-$31.4M-413.1%	-$6.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.7M+5.9%	$2.6M-9.6%	$2.9M+4.0%	$2.7M-26.9%	$3.8M-4.7%	$3.9M-6.9%	$4.2M-10.3%	$4.7M
Current Assets	$2.1M+11.2%	$1.9M-6.2%	$2.0M+15.8%	$1.8M-28.1%	$2.4M-2.4%	$2.5M-4.8%	$2.6M-11.2%	$3.0M
Cash & Equivalents	$67K-67.6%	$207K	N/A	$27K-18.2%	$33K-47.6%	$63K-38.8%	$103K+390.5%	$21K
Inventory	$1.1M-1.1%	$1.1M+3.2%	$1.1M+20.1%	$890K-18.1%	$1.1M+0.8%	$1.1M-2.4%	$1.1M-17.5%	$1.3M
Accounts Receivable	$951K+91.7%	$496K-47.0%	$935K+28.1%	$730K+17.6%	$621K-1.3%	$629K-12.4%	$718K-25.7%	$966K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$35.2M+1.9%	$34.5M+1.1%	$34.1M+1.9%	$33.5M+2.4%	$32.7M-8.9%	$35.9M+2.9%	$34.9M+2.2%	$34.1M
Current Liabilities	$10.0M+7.3%	$9.3M+4.4%	$9.0M+8.4%	$8.3M+12.4%	$7.4M-29.5%	$10.4M+12.6%	$9.3M+10.2%	$8.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$32.4M-1.6%	-$31.9M-2.1%	-$31.3M-1.8%	-$30.7M-6.1%	-$29.0M+9.4%	-$32.0M-4.3%	-$30.7M-4.2%	-$29.4M
Retained Earnings	-$48.8M-1.1%	-$48.3M-1.4%	-$47.6M-1.1%	-$47.1M-1.7%	-$46.3M-1.4%	-$45.7M-3.0%	-$44.3M-2.9%	-$43.1M

TOGI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.0M-10.8%	-$2.7M+20.2%	-$3.3M-25.2%	-$2.7M+38.5%	-$4.3M-36910.8%	-$12K
Capital Expenditures	$80K+90.5%	$42K0.0%	$42K-84.0%	$263K+1361.1%	$18K+2017.6%	$850
Free Cash Flow	-$3.0M-12.1%	-$2.7M+20.0%	-$3.4M-15.4%	-$2.9M+32.7%	-$4.4M-34553.0%	-$13K
Investing Cash Flow	-$80K-90.5%	-$42K0.0%	-$42K+84.0%	-$263K-1361.1%	-$18K-2017.6%	-$850
Financing Cash Flow	$3.1M+13.2%	$2.7M-18.0%	$3.3M+13.5%	$2.9M-30.8%	$4.2M+22025.6%	-$19K
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$753K-52.1%	-$495K+20.2%	-$620K+10.5%	-$693K-40.6%	-$493K+27.0%	-$675K+16.0%	-$804K+26.7%	-$1.1M
Capital Expenditures	N/A	N/A	N/A	-$11K-123.9%	$46K	$0-100.0%	$7K-50.0%	$14K
Free Cash Flow	N/A	N/A	N/A	-$704K-30.6%	-$539K+20.1%	-$675K+16.8%	-$811K+27.0%	-$1.1M
Investing Cash Flow	N/A	N/A	N/A	$11K+123.9%	-$46K	$0+100.0%	-$7K+50.0%	-$14K
Financing Cash Flow	$704K+0.3%	$702K+18.4%	$593K-12.3%	$676K+32.8%	$509K-19.8%	$635K-28.9%	$893K-18.6%	$1.1M
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

TOGI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	45.9%+2.7pp	43.2%+21.9pp	21.3%-15.2pp	36.5%+5.0pp	31.5%-68.5pp	100.0%
Operating Margin	-18.5%+53.7pp	-72.2%+39.1pp	-111.3%-34.9pp	-76.3%-42.1pp	-34.2%+40490.0pp	-40524.1%
Net Margin	-29.2%+51.6pp	-80.9%+34.2pp	-115.1%-38.7pp	-76.4%-42.2pp	-34.2%+159545.1pp	-159579.3%
Return on Equity	-1148.4%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-65.5%+79.3pp	-144.7%-42.3pp	-102.5%-39.0pp	-63.4%-22.2pp	-41.2%+52.7pp	-94.0%
Current Ratio	0.24+0.0	0.21-0.1	0.35-0.8	1.18-1.9	3.03+2.6	0.39
Debt-to-Equity	16.54+17.6	-1.09+0.1	-1.16+0.1	-1.28-0.1	-1.20-0.2	-1.00
FCF Margin	-42.0%+13.1pp	-55.1%+25.4pp	-80.5%-27.4pp	-53.1%+28.4pp	-81.5%+43294.3pp	-43375.9%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	41.2%+0.9pp	40.3%-5.6pp	45.9%+18.2pp	27.7%-24.7pp	52.3%+6.4pp	46.0%+0.4pp	45.6%+6.6pp	39.0%
Operating Margin	-20.0%+9.8pp	-29.8%-4.0pp	-25.8%+112.8pp	-138.5%-95.1pp	-43.4%+14.0pp	-57.4%-3.1pp	-54.4%-3.1pp	-51.3%
Net Margin	-29.2%+9.3pp	-38.5%-4.5pp	-34.0%+119.3pp	-153.3%-102.2pp	-51.2%+13.4pp	-64.6%-4.6pp	-60.0%-5.5pp	-54.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-18.6%+6.6pp	-25.2%-6.3pp	-18.9%+45.9pp	-64.8%-47.3pp	-17.6%+2.7pp	-20.3%-2.9pp	-17.4%-0.8pp	-16.6%
Current Ratio	0.210.0	0.20-0.0	0.23+0.0	0.21-0.1	0.33+0.1	0.24-0.0	0.28-0.1	0.35
Debt-to-Equity	-1.080.0	-1.08+0.0	-1.090.0	-1.09+0.0	-1.130.0	-1.12+0.0	-1.14+0.0	-1.16
FCF Margin	N/A	N/A	N/A	-60.6%-18.9pp	-41.8%+12.8pp	-54.6%+11.6pp	-66.2%+11.2pp	-77.4%

Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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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 return on equity (ROE)?

Turnongreen Inc (TOGI) has a return on equity of -1148.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Turnongreen Inc's free cash flow?

Turnongreen Inc (TOGI) generated -$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) generated -$3.0M in operating cash flow during fiscal year 2025, representing cash generated from 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 $253K in research and development during fiscal year 2025.

How many shares does Turnongreen Inc have outstanding?

Turnongreen Inc (TOGI) had 184M shares outstanding as of 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 debt-to-equity ratio?

Turnongreen Inc (TOGI) had a debt-to-equity ratio of 16.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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 cash runway?

Based on fiscal year 2025 data, Turnongreen Inc (TOGI) had $27K in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 0 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.

What is Turnongreen Inc's Piotroski F-Score?

Turnongreen Inc (TOGI) has a Piotroski F-Score of 4 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 Turnongreen Inc's earnings high quality?

Turnongreen Inc (TOGI) has an earnings quality ratio of 1.40x, 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 Turnongreen Inc cover its interest payments?

Turnongreen Inc (TOGI) has an interest coverage ratio of -8.4x, 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 Turnongreen Inc?

Turnongreen Inc (TOGI) scores 17 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.