Trillion Energy International Financials

TRLED

Source SEC Filings (10-K/10-Q) Data as of May 26, 2026 Currency USD FYE May

This page shows Trillion Energy International (TRLED) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 TRLED FY2021 2026-05-27

A small revenue base is being carried by external financing as operating losses outrun internal cash generation.

The return to positive equity by FY2021 did not come from internally generated cash. Operating cash flow was -$1.88M while financing inflows were $2.66M, so the healthier cash balance reflects capital raising rather than a self-funding model, and the improvement in short-term liquidity did not signal stronger cash conversion.

Operating leverage is weak: revenue of $3.70M sat too close to SG&A of $2.25M to cover the rest of the cost base. That helps explain why operating margin stayed at -83.7%, and why the brief positive operating and free cash flow seen in FY2019 looks more episodic than structural for this cost base.

Liquidity improved, but solvency remains thin: the current ratio reached 1.2x while equity was only $741K. With debt to equity at 8.7x and shares outstanding more than tripling since FY2017, the business has relied on both borrowing and dilution to stay financed, which leaves only a small equity cushion beneath the asset base.

Financial Health Signals

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We are recalculating Trillion Energy International's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.9M

YoY-22.2%

5Y CAGR-5.8%

Trillion Energy International generated $2.9M in revenue in fiscal year 2025. This represents a decrease of 22.2% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.2M

Trillion Energy International generated $1.2M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$430K

YoY-58.1%

5Y CAGR+27.0%

Trillion Energy International held $430K in cash against $35K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

42M

Trillion Energy International had 42M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$13K

5Y CAGR-36.1%

Trillion Energy International invested $13K in capex in fiscal year 2025, funding long-term assets and infrastructure.

TRLED Income Statement

Metric	FY25	FY21	FY20	FY19	FY18	FY17
Revenue	$2.9M-22.2%	$3.7M+43.2%	$2.6M-34.0%	$3.9M-7.9%	$4.3M+9.5%	$3.9M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$2.2M+18.7%	$1.9M+6.3%	$1.8M-15.9%	$2.1M+5.9%	$2.0M
Operating Income	N/A	-$3.1M+3.5%	-$3.2M-89.6%	-$1.7M+19.6%	-$2.1M+3.6%	-$2.2M
Interest Expense	$10K-92.1%	$126K+48.1%	$85K+90.7%	$45K-27.1%	$61K-27.3%	$84K
Income Tax	-$3.5M	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$2.1M+42.0%	-$3.5M-109.9%	-$1.7M+29.1%	-$2.4M+4.5%	-$2.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Revenue	$864K-1.8%	$879K-13.2%	$1.0M+7.3%	$945K+16.4%	$811K+64.3%	$494K-23.8%	$648K+2.6%	$632K
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	$624K+22.5%	$509K-6.9%	$547K-3.6%	$568K+0.5%	$565K+3.0%	$549K+25.7%	$436K+26.9%	$344K
Operating Income	-$910K-41.5%	-$643K+40.2%	-$1.1M-129.2%	-$469K+49.1%	-$922K+11.7%	-$1.0M-37.0%	-$762K-57.5%	-$484K
Interest Expense	$6K-86.7%	$46K+58.7%	$29K-35.0%	$45K+2684.6%	-$2K-105.1%	$34K+29.6%	$26K+0.2%	$26K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$112K-97.9%	$5.4M+186.6%	$1.9M+120.0%	-$9.5M-738.5%	-$1.1M+4.5%	-$1.2M-49.3%	-$792K-85.2%	-$428K
EPS (Diluted)	N/A	$0.03+200.0%	$0.01	N/A	N/A	$-0.010.0%	$-0.01	N/A

TRLED Balance Sheet

Metric	FY25	FY21	FY20	FY19	FY18	FY17
Total Assets	$3.1M-56.6%	$7.2M+10.3%	$6.5M-11.1%	$7.3M-15.8%	$8.7M+23.0%	$7.0M
Current Assets	$1.2M-33.7%	$1.8M+83.2%	$1.0M-36.7%	$1.6M-9.9%	$1.8M+67.4%	$1.0M
Cash & Equivalents	$430K-58.1%	$1.0M+406.6%	$203K-76.5%	$863K+8.5%	$796K+509.7%	$130K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$710K-8.2%	$773K+21.4%	$637K-3.7%	$661K+10.2%	$600K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$42.0M+554.5%	$6.4M-19.1%	$7.9M+44.2%	$5.5M-5.1%	$5.8M+14.1%	$5.1M
Current Liabilities	$35.6M+2288.9%	$1.5M-27.6%	$2.1M+73.0%	$1.2M-32.6%	$1.8M-30.7%	$2.5M
Long-Term Debt	$35K	N/A	N/A	N/A	N/A	N/A
Total Equity	-$38.9M-5348.7%	$741K+151.4%	-$1.4M-180.1%	$1.8M-37.3%	$2.9M+46.0%	$2.0M
Retained Earnings	-$103.2M-238.2%	-$30.5M-7.2%	-$28.5M-14.2%	-$24.9M-7.2%	-$23.3M-11.4%	-$20.9M

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Total Assets	$7.2M-16.2%	$8.5M+10.9%	$7.7M-4.1%	$8.0M+23.8%	$6.5M+0.6%	$6.4M-6.6%	$6.9M+0.5%	$6.9M
Current Assets	$1.8M-31.9%	$2.7M+14.0%	$2.4M-10.1%	$2.6M+162.5%	$1.0M+10.2%	$908K-29.0%	$1.3M+16.3%	$1.1M
Cash & Equivalents	$1.0M-29.9%	$1.5M+35.1%	$1.1M-17.9%	$1.3M+551.6%	$203K-12.4%	$231K-59.6%	$572K-11.6%	$647K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$710K-18.7%	$873K-17.0%	$1.1M+15.5%	$910K+17.7%	$773K+30.3%	$593K+5.3%	$563K+52.6%	$369K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.4M-13.3%	$7.4M-47.6%	$14.1M-17.1%	$17.0M+114.9%	$7.9M+11.9%	$7.1M+9.6%	$6.5M+15.2%	$5.6M
Current Liabilities	$1.5M-8.8%	$1.6M-27.2%	$2.2M+0.8%	$2.2M+8.1%	$2.1M+60.7%	$1.3M-8.4%	$1.4M+17.2%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$34K-9.4%	$38K
Total Equity	$741K-34.5%	$1.1M+117.6%	-$6.4M+28.4%	-$9.0M-522.6%	-$1.4M-125.1%	-$641K-246.9%	$436K-65.3%	$1.3M
Retained Earnings	-$30.5M+0.4%	-$30.6M+15.0%	-$36.1M+5.0%	-$37.9M-33.3%	-$28.5M-4.1%	-$27.3M-4.5%	-$26.2M-3.1%	-$25.4M

TRLED Cash Flow Statement

Metric	FY25	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	$1.2M+166.1%	-$1.9M-14.1%	-$1.7M-1036.2%	$176K+166.0%	-$267K+44.0%	-$477K
Capital Expenditures	$13K	N/A	N/A	$11K-87.6%	$86K-28.1%	$119K
Free Cash Flow	$1.2M	N/A	N/A	$166K+146.9%	-$353K+40.8%	-$596K
Investing Cash Flow	-$791K-334.8%	-$182K-130.7%	-$79K-64.0%	-$48K+91.9%	-$590K+40.3%	-$988K
Financing Cash Flow	-$548K-120.6%	$2.7M+158.9%	$1.0M+803.6%	$114K-92.3%	$1.5M+793.2%	$166K
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	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Operating Cash Flow	-$772K-65.6%	-$466K-20.0%	-$389K-51.7%	-$256K+50.8%	-$521K-23.3%	-$422K+31.5%	-$616K-571.2%	-$92K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$13K-82.9%	$79K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$630K-269.6%	-$170K
Investing Cash Flow	-$130K-186.5%	-$45K-608.7%	-$6K-758.5%	-$743-102.9%	$25K+387.1%	-$9K+35.7%	-$14K+83.1%	-$82K
Financing Cash Flow	$294K-60.2%	$739K+199.1%	$247K-82.1%	$1.4M+426.5%	$263K+57.8%	$166K-68.3%	$525K+605.1%	$74K
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

TRLED Financial Ratios

Metric	FY25	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-83.7%+40.6pp	-124.3%-81.0pp	-43.3%+6.3pp	-49.5%+6.7pp	-56.2%
Net Margin	N/A	-55.4%+81.3pp	-136.7%-93.7pp	-43.0%+12.9pp	-55.9%+8.2pp	-64.0%
Return on Equity	N/A	-276.7%	N/A	-93.5%-10.8pp	-82.7%+43.8pp	-126.5%
Return on Assets	N/A	-28.6%+25.8pp	-54.5%-31.4pp	-23.1%+4.4pp	-27.4%+7.9pp	-35.3%
Current Ratio	0.03-1.2	1.23+0.7	0.49-0.8	1.33+0.3	0.99+0.6	0.41
Debt-to-Equity	N/A	8.66	N/A	3.05+1.0	2.02-0.6	2.58
FCF Margin	42.7%	N/A	N/A	4.2%+12.5pp	-8.3%+7.0pp	-15.3%

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-105.4%-32.2pp	-73.2%+33.0pp	-106.1%-56.5pp	-49.7%+64.0pp	-113.7%+97.8pp	-211.5%-93.9pp	-117.6%-41.0pp	-76.6%
Net Margin	13.0%-603.4pp	616.3%+429.7pp	186.6%+1189.3pp	-1002.8%-863.5pp	-139.3%+100.5pp	-239.7%-117.4pp	-122.3%-54.6pp	-67.7%
Return on Equity	15.1%-463.6pp	478.7%	N/A	N/A	N/A	N/A	-181.8%-147.7pp	-34.1%
Return on Assets	1.6%-61.9pp	63.5%+38.9pp	24.6%+142.5pp	-118.0%-100.6pp	-17.4%+0.9pp	-18.4%-6.9pp	-11.5%-5.3pp	-6.2%
Current Ratio	1.23-0.4	1.65+0.6	1.05-0.1	1.18+0.7	0.49-0.2	0.71-0.2	0.910.0	0.92
Debt-to-Equity	8.66+2.1	6.54	N/A	N/A	N/A	N/A	0.08+0.0	0.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-97.2%-70.2pp	-27.0%

Note: Shareholder equity is negative (-$38.9M), 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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Trillion Energy International's annual revenue?

Trillion Energy International (TRLED) reported $2.9M in total revenue for fiscal year 2025. This represents a -22.2% 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 Trillion Energy International's revenue growing?

Trillion Energy International (TRLED) revenue declined by 22.2% year-over-year, from $3.7M to $2.9M in fiscal year 2025.

How much debt does Trillion Energy International have?

As of fiscal year 2025, Trillion Energy International (TRLED) had $430K in cash and equivalents against $35K in long-term debt.

What is Trillion Energy International's free cash flow?

Trillion Energy International (TRLED) generated $1.2M in free cash flow during fiscal year 2025. 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 Trillion Energy International's operating cash flow?

Trillion Energy International (TRLED) generated $1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trillion Energy International's total assets?

Trillion Energy International (TRLED) had $3.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trillion Energy International's capital expenditures?

Trillion Energy International (TRLED) invested $13K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Trillion Energy International have outstanding?

Trillion Energy International (TRLED) had 42M shares outstanding as of fiscal year 2025.

What is Trillion Energy International's current ratio?

Trillion Energy International (TRLED) had a current ratio of 0.03 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Why is Trillion Energy International's debt-to-equity ratio negative or not reported?

Trillion Energy International (TRLED) has negative shareholder equity of -$38.9M 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.