Trinity Place Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Trinity Place has an operating margin of -140.5%, meaning the company retains $-140 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 down from -28.9% the prior year.
Trinity Place's revenue declined 89.5% year-over-year, from $33.6M to $3.5M. This contraction results in a growth score of 0/100.
Trinity Place carries a low D/E ratio of 0.69, meaning only $0.69 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Trinity Place earns a strong 254.6% return on equity (ROE), meaning it generates $255 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Trinity Place passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Trinity Place generates $-1.42 in operating cash flow (-$7.9M OCF vs $5.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Trinity Place (TPHS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Key Financial Metrics
Trinity Place generated $3.5M in revenue in fiscal year 2024. This represents a decrease of 89.5% from the prior year.
Trinity Place's EBITDA was -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.7% from the prior year.
Trinity Place reported $5.6M in net income in fiscal year 2024. This represents an increase of 114.4% from the prior year.
Trinity Place earned $0.09 per diluted share (EPS) in fiscal year 2024. This represents an increase of 108.8% from the prior year.
Trinity Place held $277K in cash against $0 in long-term debt as of fiscal year 2024.
Trinity Place had 65M shares outstanding in fiscal year 2024. This represents an increase of 71.0% from the prior year.
Trinity Place's operating margin was -140.5% in fiscal year 2024, reflecting core business profitability. This is down 111.6 percentage points from the prior year.
Trinity Place's net profit margin was 158.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 274.3 percentage points from the prior year.
Trinity Place's ROE was 254.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
TPHS Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $415K+4.5% | $397K+6.4% | $373K-84.2% | $2.4M+52.1% | $1.6M-85.4% | $10.7M+59.6% | $6.7M-54.7% | $14.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.1M-17.2% | $1.3M-31.0% | $1.9M+70.5% | $1.1M-11.3% | $1.2M-17.5% | $1.5M-17.7% | $1.8M+27.1% | $1.4M |
| Operating Income | -$425K+58.4% | -$1.0M+38.9% | -$1.7M+10.0% | -$1.9M-8.3% | -$1.7M+47.1% | -$3.2M-18.4% | -$2.7M-36.1% | -$2.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $27K-47.1% | $51K-5.6% | $54K-37.2% | $86K | N/A | N/A | $51K-58.9% | $124K |
| Net Income | -$452K+57.8% | -$1.1M+37.9% | -$1.7M-119.5% | $8.9M+188.8% | -$10.0M+16.1% | -$11.9M-8.9% | -$10.9M-75.1% | -$6.2M |
| EPS (Diluted) | $-0.03-50.0% | $-0.02+33.3% | $-0.03-117.6% | $0.17+168.0% | $-0.25+19.4% | $-0.31-6.9% | $-0.29-70.6% | $-0.17 |
TPHS Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7M+24.1% | $3.0M-32.8% | $4.5M-27.5% | $6.2M-97.7% | $267.5M-0.1% | $267.7M-5.0% | $281.8M-2.6% | $289.3M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $277K-45.1% | $505K-40.9% | $854K+199.6% | $285K+8.0% | $264K-67.4% | $809K-81.6% | $4.4M+70.2% | $2.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $146K | N/A | N/A | N/A | $356K | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5M+0.3% | $1.5M-42.4% | $2.6M-2.7% | $2.7M-99.0% | $277.6M+3.2% | $268.9M-0.9% | $271.3M+1.2% | $268.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.2M+48.6% | $1.5M-18.9% | $1.8M-47.1% | $3.5M+134.3% | -$10.0M-766.2% | -$1.2M-111.1% | $10.5M-50.5% | $21.2M |
| Retained Earnings | -$90.3M-0.5% | -$89.8M-1.2% | -$88.8M-2.0% | -$87.1M+9.2% | -$95.9M-11.6% | -$85.9M-16.1% | -$74.0M-17.3% | -$63.1M |
TPHS Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$845K+32.5% | -$1.3M+10.0% | -$1.4M+68.8% | -$4.5M-0.1% | -$4.4M-56.4% | -$2.8M-25.7% | -$2.3M-155.4% | $4.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | $0+100.0% | -$6.9M-86200.0% | -$8K+93.3% | -$120K-757.1% | -$14K-100.2% | $7.2M |
| Financing Cash Flow | $0-100.0% | $3K+103.3% | -$90K-101.3% | $7.0M+85.8% | $3.8M+210.3% | -$3.4M-222.3% | -$1.1M+92.8% | -$14.6M |
| 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 | $145K |
TPHS Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -102.4%+154.8pp | -257.2%+191.1pp | -448.3%-369.4pp | -78.8%+31.9pp | -110.7%-80.3pp | -30.4%+10.6pp | -41.0%-27.4pp | -13.7% |
| Net Margin | -108.9%+161.1pp | -270.0%+192.7pp | -462.7%-838.3pp | 375.6%+1019.1pp | -643.6%-531.9pp | -111.6%+52.0pp | -163.6%-121.3pp | -42.3% |
| Return on Equity | N/A | N/A | N/A | 256.6% | N/A | N/A | N/A | N/A |
| Return on Assets | -12.1%+23.6pp | -35.7%+2.9pp | -38.6%-182.3pp | 143.7%+147.4pp | -3.7%+0.7pp | -4.4%-0.6pp | -3.9%-1.7pp | -2.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.69-0.3 | 1.03-0.4 | 1.45+0.7 | 0.79+28.4 | -27.62+204.1 | -231.77-257.6 | 25.85+13.2 | 12.66 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Trinity Place's annual revenue?
Trinity Place (TPHS) reported $3.5M in total revenue for fiscal year 2024. This represents a -89.5% 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 Trinity Place's revenue growing?
Trinity Place (TPHS) revenue declined by 89.5% year-over-year, from $33.6M to $3.5M in fiscal year 2024.
Is Trinity Place profitable?
Yes, Trinity Place (TPHS) reported a net income of $5.6M in fiscal year 2024, with a net profit margin of 158.2%.
What is Trinity Place's earnings per share (EPS)?
Trinity Place (TPHS) reported diluted earnings per share of $0.09 for fiscal year 2024. This represents a 108.8% 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.
What is Trinity Place's EBITDA?
Trinity Place (TPHS) had EBITDA of -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Trinity Place's operating margin?
Trinity Place (TPHS) had an operating margin of -140.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Trinity Place's net profit margin?
Trinity Place (TPHS) had a net profit margin of 158.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Trinity Place's return on equity (ROE)?
Trinity Place (TPHS) has a return on equity of 254.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Trinity Place's operating cash flow?
Trinity Place (TPHS) generated -$7.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Trinity Place's total assets?
Trinity Place (TPHS) had $3.7M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Trinity Place have outstanding?
Trinity Place (TPHS) had 65M shares outstanding as of fiscal year 2024.
What is Trinity Place's debt-to-equity ratio?
Trinity Place (TPHS) had a debt-to-equity ratio of 0.69 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Trinity Place's return on assets (ROA)?
Trinity Place (TPHS) had a return on assets of 150.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Trinity Place's cash runway?
Based on fiscal year 2024 data, Trinity Place (TPHS) had $277K in cash against an annual operating cash burn of $7.9M. 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 Trinity Place's Piotroski F-Score?
Trinity Place (TPHS) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Trinity Place's earnings high quality?
Trinity Place (TPHS) has an earnings quality ratio of -1.42x, 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.
How financially healthy is Trinity Place?
Trinity Place (TPHS) scores 46 out of 100 on our Financial Profile, indicating moderate 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.