What is TRIO PETROLEUM CORP's earnings per share (EPS)?

TRIO PETROLEUM CORP (TPET) reported diluted earnings per share of -$0.80 for fiscal year 2025. 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.

TRIO PETROLEUM CORP Financials

TPET

Trailing 12 months to April 30, 2026

Revenue $695K YoY not available

Net Income -$6.5M YoY not available

EPS (Diluted) -$0.80 FY2025 annual

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Apr 30, 2026 Reported Jun 11, 2026 Currency USD FYE October

TRIO PETROLEUM CORP (TPET) reported $695K in revenue over the twelve months to Apr 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 TPET FY2025 2026-08-30

Financing-dependent development business: modest revenue growth has not yet translated into operating self-funding.

Revenue nearly doubled from $213K to $399K between FY2024 and FY2025, yet the business still produced an operating loss of $5.3M. Operating cash flow was -$2.6M in FY2025, so the positive financing cash flow—not operations—remained the mechanism supporting liquidity.

FY2025 gross margin was 55.9%, but that margin rested on only $223K of gross profit. SG&A was $2.8M, making overhead the dominant reported expense burden rather than production cost alone.

Leverage eased as debt-to-equity fell from 0.3x to 0.2x between FY2024 and FY2025, while the current ratio improved to 0.6x. The reported liquidity comparison was 4.1 months of annual operating outflow, which—alongside negative operating cash flow—characterizes a financing-dependent balance sheet.

Financial Health Signals

Financial health score not available

TRIO PETROLEUM CORP 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 Distress

-3.93

TRIO PETROLEUM CORP scores -3.93, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.0M) relative to total liabilities ($1.9M). 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.

Piotroski F-Score Partial

4/8

TRIO PETROLEUM CORP passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

TRIO PETROLEUM CORP reported a net loss of $7.3M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

TRIO PETROLEUM CORP reported an operating loss of $5.3M against $606K 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

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Earnings & Revenue

Revenue

$399K

YoY+87.0%

TRIO PETROLEUM CORP generated $399K in revenue in fiscal year 2025. This represents an increase of 87.0% from the prior year.

Net Income

-$7.3M

YoY+24.4%

TRIO PETROLEUM CORP reported -$7.3M in net income in fiscal year 2025. This represents an increase of 24.4% from the prior year.

EPS (Diluted)

-$0.80

TRIO PETROLEUM CORP earned -$0.80 per diluted share (EPS) in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$882K

YoY+208.5%

TRIO PETROLEUM CORP held $882K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

12M

TRIO PETROLEUM CORP had 12M shares outstanding in fiscal year 2025.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

55.9%

YoY-44.1pp

TRIO PETROLEUM CORP's gross margin was 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 44.1 percentage points from the prior year.

Return on Equity

-64.4%

YoY+42.0pp

TRIO PETROLEUM CORP's ROE was -64.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 42.0 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

TPET Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TPET quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22
Revenue	$695K	$399K+87.0%	$213K	N/A	N/A
Cost of Revenue	N/A	$176K	N/A	N/A	N/A
Gross Profit	$146K	$223K+4.6%	$213K	N/A	N/A
SG&A Expenses	$3.3M	$2.8M-40.3%	$4.7M+42.2%	$3.3M+331.5%	$768K
Operating Income	-$5.4M	-$5.3M+15.2%	-$6.2M-34.7%	-$4.6M-472.5%	-$806K
Interest Expense	$416K	$606K-71.4%	$2.1M+167.6%	$792K-52.4%	$1.7M
Net Income	-$6.5M	-$7.3M+24.4%	-$9.6M-47.1%	-$6.5M-72.2%	-$3.8M
EPS (Diluted)	—	-$0.80	-$4.32	-$5.67	-$0.26

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$208K+70.4%	$122K-29.1%	$172K-10.5%	$192K+726.8%	$23K+115.1%	$11K	N/A	$63K
Cost of Revenue	$314K+359.5%	$68K	N/A	$98K+963.4%	$9K	N/A	N/A	N/A
Gross Profit	-$106K-297.2%	$54K-48.4%	$104K+11.0%	$94K+570.3%	$14K+29.5%	$11K	N/A	$63K
SG&A Expenses	$1.2M+63.0%	$752K+10.7%	$679K+1.1%	$672K-11.1%	$755K+6.2%	$712K	N/A	$1.3M
Operating Income	-$1.4M-74.6%	-$804K+68.0%	-$2.5M-272.1%	-$675K+22.3%	-$869K+28.6%	-$1.2M	N/A	-$1.5M
Interest Expense	$22K-83.6%	$137K+24.9%	$109K-25.8%	$148K+389.3%	$30K-90.5%	$318K	N/A	$668K
Net Income	-$1.4M-35.0%	-$1.0M+62.7%	-$2.7M-95.9%	-$1.4M+11.3%	-$1.6M+3.2%	-$1.6M	N/A	-$2.2M
EPS (Diluted)	-$0.05	-$0.10	-$0.11	-$0.17+22.7%	-$0.22+33.3%	-$0.33+92.0%	-$4.13	-$0.87

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

TPET Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TPET quarterly balance sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$13.2M+13.1%	$11.7M+0.4%	$11.6M+22.7%	$9.5M
Current Assets	$1.1M+89.5%	$565K-66.7%	$1.7M-3.3%	$1.8M
Cash & Equivalents	$882K+208.5%	$286K-81.7%	$1.6M+2020.8%	$74K
Accounts Receivable	$60K	N/A	N/A	N/A
Total Liabilities	$1.9M-27.7%	$2.6M+39.1%	$1.9M-71.9%	$6.8M
Current Liabilities	$1.9M-28.3%	$2.6M+39.9%	$1.9M-72.4%	$6.7M
Total Equity	$11.3M+25.0%	$9.0M-7.2%	$9.7M+257.8%	$2.7M
Retained Earnings	-$27.4M-36.3%	-$20.1M-92.1%	-$10.4M-167.7%	-$3.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$35.7M+152.2%	$14.2M+7.2%	$13.2M+1.4%	$13.0M-5.4%	$13.8M+4.2%	$13.2M+13.1%	$11.7M-0.1%	$11.7M
Current Assets	$22.5M+2388.3%	$903K-15.7%	$1.1M+22.2%	$877K-49.6%	$1.7M-13.7%	$2.0M+256.5%	$565K-8.5%	$618K
Cash & Equivalents	$21.0M+2970.3%	$685K-22.4%	$882K+51.0%	$584K-59.9%	$1.5M-25.7%	$2.0M+585.9%	$286K-2.4%	$293K
Accounts Receivable	$107K+153.2%	$42K-29.5%	$60K-37.4%	$96K+203.4%	$32K	N/A	N/A	N/A
Total Liabilities	$1.2M-40.6%	$2.0M+3.2%	$1.9M+18.7%	$1.6M-30.7%	$2.3M+52.9%	$1.5M-42.5%	$2.6M-27.4%	$3.6M
Current Liabilities	$999K-44.6%	$1.8M-2.8%	$1.9M+19.3%	$1.6M-31.5%	$2.3M+54.7%	$1.5M-43.3%	$2.6M-27.8%	$3.6M
Total Equity	$34.6M+183.4%	$12.2M+7.9%	$11.3M-1.0%	$11.4M-0.2%	$11.4M-2.1%	$11.7M+29.3%	$9.0M+12.2%	$8.1M
Retained Earnings	-$29.7M-4.8%	-$28.4M-3.7%	-$27.4M-11.0%	-$24.6M-6.0%	-$23.3M-7.2%	-$21.7M-8.0%	-$20.1M-9.3%	-$18.4M

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

TPET Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TPET quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22
Operating Cash Flow	-$3.1M	-$2.6M+32.2%	-$3.8M+4.9%	-$4.0M-703.9%	-$502K
Investing Cash Flow	-$582K	-$979K+10.2%	-$1.1M+50.2%	-$2.2M	N/A
Financing Cash Flow	$24.4M	$4.2M+14.0%	$3.7M-52.6%	$7.7M+1452.6%	$497K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$1.6M-203.5%	-$534K+9.3%	-$589K-65.7%	-$355K+52.0%	-$740K+19.6%	-$920K+76.8%	-$4.0M-602.2%	-$564K
Capital Expenditures	$142-99.7%	$55K	N/A	N/A	$319K+308.5%	$78K	N/A	N/A
Free Cash Flow	-$1.6M-175.1%	-$589K	N/A	N/A	-$1.1M-6.1%	-$999K	N/A	N/A
Investing Cash Flow	-$62K-1236.3%	$5K+145.6%	-$12K+97.7%	-$513K-75.2%	-$293K-82.1%	-$161K-430.3%	$49K+140.6%	-$120K
Financing Cash Flow	$23.1M+5938.5%	$383K-58.2%	$915K+91470600.0%	$1-100.0%	$494K-82.1%	$2.8M-29.4%	$3.9M+416.2%	$756K

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

TPET Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TPET quarterly financial ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	55.9%-44.1pp	100.0%	N/A	N/A
Operating Margin	-1322.2%	-2916.3%	N/A	N/A
Net Margin	-1826.3%	-4515.3%	N/A	N/A
Return on Equity	-64.4%+42.0pp	-106.5%-39.3pp	-67.2%+72.4pp	-139.6%
Return on Assets	-55.1%+27.3pp	-82.4%-26.2pp	-56.2%-16.2pp	-40.1%
Current Ratio	0.58+0.4x	0.22-0.7x	0.92+0.7x	0.26
Debt-to-Equity	0.17-0.1x	0.29+0.1x	0.20-2.3x	2.48

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-50.9%-95.0pp	44.0%-16.5pp	60.5%+11.7pp	48.8%-11.4pp	60.2%-39.8pp	100.0%	N/A	100.0%
Operating Margin	-674.5%	-658.3%	-1458.2%	-350.9%	-3734.2%	-11243.7%	N/A	-2395.2%
Net Margin	-656.6%	-828.7%	-1576.9%	-720.8%	-6719.8%	-14932.3%	N/A	-3455.2%
Return on Equity	-4.0%+4.3pp	-8.3%+15.7pp	-24.0%-11.9pp	-12.1%+1.5pp	-13.7%+0.2pp	-13.8%	N/A	-27.0%
Return on Assets	-3.8%+3.3pp	-7.1%+13.4pp	-20.5%-9.9pp	-10.6%+0.7pp	-11.4%+0.9pp	-12.2%	N/A	-18.6%
Current Ratio	22.48+22.0x	0.50-0.1x	0.580.0x	0.56-0.2x	0.77-0.6x	1.37+1.2x	0.220.0x	0.17
Debt-to-Equity	0.03-0.1x	0.160.0x	0.170.0x	0.14-0.1x	0.20+0.1x	0.13-0.2x	0.29-0.2x	0.45
FCF Margin	-778.1%	-482.0%	N/A	N/A	-4551.8%	-9230.5%	N/A	N/A

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, FCF Margin.

Note: The current ratio is below 1.0 (0.58), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where TRIO PETROLEUM CORP Ranks

Frequently Asked Questions

What is TRIO PETROLEUM CORP's annual revenue?

TRIO PETROLEUM CORP (TPET) reported $399K in total revenue for fiscal year 2025. This represents a 87.0% 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 TRIO PETROLEUM CORP's revenue growing?

TRIO PETROLEUM CORP (TPET) revenue grew by 87.0% year-over-year, from $213K to $399K in fiscal year 2025.

Is TRIO PETROLEUM CORP profitable?

No, TRIO PETROLEUM CORP (TPET) reported a net income of -$7.3M in fiscal year 2025.

What is TRIO PETROLEUM CORP's gross margin?

TRIO PETROLEUM CORP (TPET) had a gross margin of 55.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is TRIO PETROLEUM CORP's return on equity (ROE)?

TRIO PETROLEUM CORP (TPET) has a return on equity of -64.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TRIO PETROLEUM CORP's operating cash flow?

TRIO PETROLEUM CORP (TPET) recorded an outflow of $2.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are TRIO PETROLEUM CORP's total assets?

TRIO PETROLEUM CORP (TPET) had $13.2M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does TRIO PETROLEUM CORP have outstanding?

TRIO PETROLEUM CORP (TPET) had 12M shares outstanding as of fiscal year 2025.

What is TRIO PETROLEUM CORP's current ratio?

TRIO PETROLEUM CORP (TPET) had a current ratio of 0.58 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is TRIO PETROLEUM CORP's debt-to-equity ratio?

TRIO PETROLEUM CORP (TPET) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TRIO PETROLEUM CORP's return on assets (ROA)?

TRIO PETROLEUM CORP (TPET) had a return on assets of -55.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does TRIO PETROLEUM CORP's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, TRIO PETROLEUM CORP (TPET) held $882K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.6M over that year. Dividing the one by the other, the reported balance equals about 4 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.

What is TRIO PETROLEUM CORP's Altman Z-Score?

TRIO PETROLEUM CORP (TPET) has an Altman Z-Score of -3.93, 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 TRIO PETROLEUM CORP's Piotroski F-Score?

TRIO PETROLEUM CORP (TPET) has a Piotroski F-Score of 4 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 TRIO PETROLEUM CORP's earnings high quality?

TRIO PETROLEUM CORP (TPET) reported a net loss of $7.3M while operations used $2.6M 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 TRIO PETROLEUM CORP cover its interest payments?

TRIO PETROLEUM CORP (TPET) reported an operating loss of $5.3M against $606K 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.