Trilinc Global Financials

TRLC

FY2025 annual

Revenue $18.5M -28.4% YoY

Net Income -$8.5M -168.1% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Trilinc Global (TRLC) reported $18.5M in revenue for fiscal year 2025, down 28.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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 TRLC FY2025 2026-05-14

A lightly leveraged asset base drives results, but reported earnings swing much more than cash generation.

From FY2024 to FY2025, net income swung from $12.5M to -$8.5M while cash generation stayed near break-even, which implies the earnings swing came mainly from non-cash or timing-sensitive items rather than an equally large change in cash receipts. With FY2025 liabilities at just 3.6% of assets, leverage is not the main constraint; cash conversion is.

The company carries a conservative balance-sheet posture: FY2025 equity financed nearly all of the $282.8M asset base, and obligations remained modest. But cash on hand was only $55K, so day-to-day flexibility depends on cash arriving from underlying assets rather than on a large corporate cash cushion. That low-debt posture has held since FY2023, so volatility appears to come from asset results more than financing strain.

In FY2025, operating income stayed positive at $5.0M even though net income fell to -$8.5M, showing that below-the-line items can dominate the final result. FY2023 showed the opposite mix, with strong operating cash flow despite only thin profit, so profit and cash have not moved together for several years. That makes simple revenue or margin readings less informative than tracking whether asset-level outcomes actually become cash.

Financial Health Signals

Financial health score not available

Trilinc Global 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.

Piotroski F-Score Partial

1/5

Trilinc Global passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Trilinc Global reported a net loss of $8.5M while operations used $44K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage Safe

8.96x

Trilinc Global earns $8.96 in operating income for every $1 of interest expense ($5.0M vs $554K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.5M

YoY-28.4%

5Y CAGR-15.3%

Trilinc Global generated $18.5M in revenue in fiscal year 2025. This represents a decrease of 28.4% from the prior year.

Net Income

-$8.5M

YoY-168.1%

Trilinc Global reported -$8.5M in net income in fiscal year 2025. This represents a decrease of 168.1% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$55K

YoY-44.4%

5Y CAGR-74.9%

10Y CAGR-47.3%

Trilinc Global held $55K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin

26.8%

YoY-20.4pp

5Y CAGR-29.7pp

Trilinc Global's operating margin was 26.8% in fiscal year 2025, reflecting core business profitability. This is down 20.4 percentage points from the prior year.

Net Margin

-45.9%

YoY-94.1pp

5Y CAGR-66.9pp

Trilinc Global's net profit margin was -45.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 94.1 percentage points from the prior year.

Return on Equity

-3.1%

YoY-7.5pp

5Y CAGR-5.6pp

Trilinc Global's ROE was -3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.5 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

TRLC Income Statement

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

TRLC annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Revenue	$14.4M	$18.5M-28.4%	$25.9M+63.1%	$15.8M-42.0%	$27.3M-25.1%	$36.5M-13.9%	$42.3M-2.7%	$43.5M-3.5%	$45.1M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.1M	$1.0M-30.1%	$1.5M+16.8%	$1.3M-76.7%	$5.4M+308.5%	$1.3M-7.0%	$1.4M-6.3%	$1.5M-7.1%	$1.6M+14.3%	$1.4M+53.3%	$928K+43.6%	$646K-3.3%	$668K	N/A
Operating Income	$1.2M	$5.0M-59.3%	$12.2M+1242.4%	$909K-84.4%	$5.8M-72.4%	$21.1M-11.9%	$23.9M+3.7%	$23.1M-7.2%	$24.9M	N/A	N/A	N/A	N/A	N/A
Interest Expense	$382K	$554K	$0-100.0%	$2.1M+845.8%	$222K+13.7%	$195K-23.4%	$255K-84.7%	$1.7M-15.5%	$2.0M+223.7%	$607K+3640.1%	$16K	N/A	N/A	N/A
Net Income	-$12.5M	-$8.5M-168.1%	$12.5M+2907.3%	$415K+101.2%	-$33.5M-1083.4%	$3.4M-61.7%	$8.9M-51.3%	$18.2M+9.0%	$16.7M	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
Revenue	$5.6M+40.1%	$4.0M+86.0%	$2.2M-17.3%	$2.6M-65.0%	$7.5M+19.5%	$6.3M-7.8%	$6.8M+3.8%	$6.5M
SG&A Expenses	$328K+31.9%	$249K-8.2%	$271K+20.2%	$225K-14.1%	$262K-0.3%	$263K-19.2%	$326K+24.5%	$262K
Operating Income	$2.5M+365.1%	$535K+139.0%	-$1.4M-189.3%	-$475K-112.9%	$3.7M+16.8%	$3.1M-16.7%	$3.8M+16.0%	$3.3M
Interest Expense	$97K+2.7%	$94K-8.8%	$103K+16.8%	$88K-75.7%	$362K	$0	$0	$0
Net Income	-$782K-1340.2%	$63K+108.7%	-$724K+93.5%	-$11.1M-1624.5%	$725K-71.7%	$2.6M+7.4%	$2.4M-32.6%	$3.5M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax, EPS (Diluted).

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

TRLC Balance Sheet

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

TRLC annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Total Assets	$282.8M-1.0%	$285.6M+2.5%	$278.8M-11.5%	$314.8M-10.1%	$350.2M-5.0%	$368.7M-3.9%	$383.7M-4.8%	$403.0M+12.5%	$358.3M+38.5%	$258.7M+85.1%	$139.8M+122.1%	$62.9M+367.5%	$13.5M
Cash & Equivalents	$55K-44.4%	$98K-90.0%	$981K-93.2%	$14.5M-13.6%	$16.8M-69.5%	$55.0M+146.3%	$22.3M+175.7%	$8.1M-16.0%	$9.6M-78.5%	$44.8M+34.7%	$33.2M+322.1%	$7.9M+18.1%	$6.7M
Total Liabilities	$10.2M+128.0%	$4.5M-24.5%	$5.9M-82.0%	$32.9M+186.2%	$11.5M-14.5%	$13.4M-4.7%	$14.1M-67.2%	$42.9M+16.2%	$37.0M+366.4%	$7.9M+581.3%	$1.2M+81.9%	$639K+562.0%	$97K
Long-Term Debt	N/A	N/A	$0-100.0%	$17.0M+239.7%	$5.0M0.0%	$5.0M0.0%	$5.0M-84.8%	$32.9M+16.7%	$28.2M	N/A	N/A	N/A	N/A
Total Equity	$272.6M-3.0%	$281.1M+3.0%	$272.9M-3.2%	$281.9M-16.8%	$338.7M-4.7%	$355.3M-3.9%	$369.6M+2.6%	$360.1M+12.0%	$321.4M+28.2%	$250.8M+80.9%	$138.6M+122.5%	$62.3M+366.1%	$13.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$282.8M-0.2%	$283.5M+0.2%	$282.8M0.0%	$282.8M-3.4%	$292.9M+1.5%	$288.5M+1.0%	$285.6M+1.0%	$282.8M
Cash & Equivalents	$388K-65.4%	$1.1M+1953.6%	$55K+8026.8%	$672-98.8%	$55K-95.0%	$1.1M+1016.6%	$98K-88.8%	$878K
Total Liabilities	$10.9M+0.9%	$10.8M+6.1%	$10.2M+7.1%	$9.5M+11.6%	$8.5M+77.2%	$4.8M+7.7%	$4.5M+11.2%	$4.0M
Total Equity	$271.9M-0.3%	$272.7M0.0%	$272.6M-0.3%	$273.4M-3.9%	$284.4M+0.3%	$283.7M+0.9%	$281.1M+0.9%	$278.8M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Retained Earnings.

TRLC Cash Flow Statement

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

TRLC annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Cash Flow	$340K	-$44K-101.3%	$3.3M-80.8%	$17.2M+324.1%	$4.0M+122.9%	-$17.7M-131.5%	$56.1M+8.2%	$51.8M+284.2%	-$28.1M+74.4%	-$109.9M-22.9%	-$89.4M-103.9%	-$43.8M+2.7%	-$45.0M-600.3%	-$6.4M
Financing Cash Flow	-$6K	$0+100.0%	-$4.2M+86.4%	-$30.7M-384.8%	-$6.3M+69.2%	-$20.6M+12.2%	-$23.4M+37.7%	-$37.6M-241.4%	$26.6M-64.4%	$74.7M	N/A	N/A	N/A	$12.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$731K-168.2%	$1.1M+1885.3%	$54K+200.0%	-$54K+94.8%	-$1.0M-204.4%	$998K+228.0%	-$780K-241.1%	-$229K
Financing Cash Flow	-$2K+38.9%	-$4K	$0	$0	$0	$0	$0	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.

TRLC Financial Ratios

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

TRLC annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13
Operating Margin	26.8%-20.4pp	47.2%+41.5pp	5.7%-15.6pp	21.3%-36.5pp	57.8%+1.3pp	56.5%+3.5pp	53.0%-2.1pp	55.1%	N/A	N/A	N/A	N/A	N/A
Net Margin	-45.9%-94.1pp	48.2%+45.6pp	2.6%	-122.5%	9.3%-11.7pp	21.0%-20.9pp	41.9%+4.8pp	37.1%	N/A	N/A	N/A	N/A	N/A
Return on Equity	-3.1%-7.5pp	4.4%+4.3pp	0.1%+12.0pp	-11.9%-12.9pp	1.0%-1.5pp	2.5%-2.4pp	4.9%+0.3pp	4.7%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-3.0%-7.4pp	4.4%+4.2pp	0.1%+10.8pp	-10.6%-11.6pp	1.0%-1.4pp	2.4%-2.3pp	4.8%+0.6pp	4.2%	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.040.0x	0.020.0x	0.00-0.1x	0.060.0x	0.010.0x	0.010.0x	0.01-0.1x	0.090.0x	0.09+0.1x	0.030.0x	0.010.0x	0.010.0x	0.01

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Margin	44.2%+30.9pp	13.3%+76.8pp	-63.5%-45.4pp	-18.1%-67.2pp	49.1%-1.1pp	50.2%-5.4pp	55.6%+5.9pp	49.8%
Net Margin	-13.9%-15.4pp	1.6%+35.0pp	-33.5%	-422.7%	9.7%-31.3pp	41.0%+5.8pp	35.2%-19.0pp	54.1%
Return on Equity	-0.3%-0.3pp	0.0%+0.3pp	-0.3%+3.8pp	-4.0%-4.3pp	0.3%-0.6pp	0.9%0.0pp	0.9%-0.4pp	1.3%
Return on Assets	-0.3%-0.3pp	0.0%+0.3pp	-0.3%+3.7pp	-3.9%-4.2pp	0.3%-0.6pp	0.9%+0.1pp	0.8%-0.4pp	1.3%
Debt-to-Equity	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.030.0x	0.020.0x	0.020.0x	0.01

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

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: Net Margin.

Where Trilinc Global Ranks

Frequently Asked Questions

What is Trilinc Global's annual revenue?

Trilinc Global (TRLC) reported $18.5M in total revenue for fiscal year 2025. This represents a -28.4% 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 Trilinc Global's revenue growing?

Trilinc Global (TRLC) revenue declined by 28.4% year-over-year, from $25.9M to $18.5M in fiscal year 2025.

Is Trilinc Global profitable?

No, Trilinc Global (TRLC) reported a net income of -$8.5M in fiscal year 2025, with a net profit margin of -45.9%.

What is Trilinc Global's operating margin?

Trilinc Global (TRLC) had an operating margin of 26.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Trilinc Global's net profit margin?

Trilinc Global (TRLC) had a net profit margin of -45.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Trilinc Global's return on equity (ROE)?

Trilinc Global (TRLC) has a return on equity of -3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trilinc Global's operating cash flow?

Trilinc Global (TRLC) recorded an outflow of $44K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Trilinc Global's total assets?

Trilinc Global (TRLC) had $282.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Trilinc Global's debt-to-equity ratio?

Trilinc Global (TRLC) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trilinc Global's return on assets (ROA)?

Trilinc Global (TRLC) had a return on assets of -3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trilinc Global's cash runway?

Based on fiscal year 2025 data, Trilinc Global (TRLC) had $55K in cash against an annual operating cash burn of $44K. This gives an estimated cash runway of approximately 15 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 Trilinc Global's Piotroski F-Score?

Trilinc Global (TRLC) has a Piotroski F-Score of 1 out of 5 computable signals; 4 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 Trilinc Global's earnings high quality?

Trilinc Global (TRLC) reported a net loss of $8.5M while operations used $44K 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 Trilinc Global cover its interest payments?

Trilinc Global (TRLC) has an interest coverage ratio of 8.96x, meaning it can comfortably 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.