TurnOnGreen (TOGIW) Financials
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 TOGIW SEC filings page.
TurnOnGreen (TOGIW) 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 recovery is improving margins, but persistent cash outflows and negative equity keep financing central to the business.
The FY2023-FY2025 rebound in gross margin from21.3% to45.9% outpaced operating-margin recovery, showing that improved unit economics—not merely sales volume—did most of the work. Yet FY2025 operating cash flow remained-$3.0M while net loss was-$2.1M , so the margin improvement has not translated into cash self-funding.
FY2025 liabilities were 11.2x assets, while equity remained negative at
The company produced positive financing cash flow in every reported year while operating cash flow stayed negative, linking its recurring cash need to financing activity rather than core operations. FY2025 free cash flow of
Financial Health Signals
TurnOnGreen 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 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 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 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 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'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 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 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'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'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'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 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.
TOGIW 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 |
TOGIW 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.
TOGIW 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.
TOGIW 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.
Where TurnOnGreen Ranks
Frequently Asked Questions
What is TurnOnGreen's annual revenue?
TurnOnGreen (TOGIW) 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's revenue growing?
TurnOnGreen (TOGIW) revenue grew by 47.1% year-over-year, from $4.9M to $7.2M in fiscal year 2025.
Is TurnOnGreen profitable?
No, TurnOnGreen (TOGIW) reported a net income of -$2.1M in fiscal year 2025, with a net profit margin of -29.2%.
What is TurnOnGreen's EBITDA?
TurnOnGreen (TOGIW) had EBITDA of -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is TurnOnGreen's gross margin?
TurnOnGreen (TOGIW) 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's operating margin?
TurnOnGreen (TOGIW) 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's net profit margin?
TurnOnGreen (TOGIW) 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's free cash flow?
TurnOnGreen (TOGIW) 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's operating cash flow?
TurnOnGreen (TOGIW) recorded an outflow of $3.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are TurnOnGreen's total assets?
TurnOnGreen (TOGIW) had $3.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are TurnOnGreen's capital expenditures?
TurnOnGreen (TOGIW) invested $80K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does TurnOnGreen spend on research and development?
TurnOnGreen (TOGIW) invested $444K in research and development during fiscal year 2025.
What is TurnOnGreen's current ratio?
TurnOnGreen (TOGIW) 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's return on assets (ROA)?
TurnOnGreen (TOGIW) had a return on assets of -65.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is TurnOnGreen's debt-to-equity ratio negative or not reported?
TurnOnGreen (TOGIW) 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's Piotroski F-Score?
TurnOnGreen (TOGIW) 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's earnings high quality?
TurnOnGreen (TOGIW) 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 cover its interest payments?
TurnOnGreen (TOGIW) 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.