TRON Inc Financials
This page shows TRON Inc (TRON) financial statements, including the 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).
A tiny revenue base now sits on an equity-heavy balance sheet, showing financing has outpaced operating scale.
From FY2024 to FY2025, operating cash burn eased from-$2.86M to-$1.44M . Because net loss simultaneously widened to-$16.8M , the latest earnings deficit appears to come more from non-cash accounting charges than from a comparable worsening in day-to-day cash use.
The FY2025 balance sheet is unusually equity-funded: total liabilities were just
The core business did show better gross economics, with gross margin improving from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of TRON Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
TRON Inc scores 371.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($692.6M) relative to total liabilities ($1.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
TRON Inc 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.
For every $1 of reported earnings, TRON Inc generates $0.09 in operating cash flow (-$1.4M OCF vs -$16.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
TRON Inc earns $-138.4 in operating income for every $1 of interest expense (-$2.5M vs $18K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
TRON Inc generated $4.7M in revenue in fiscal year 2025. This represents an increase of 10.0% from the prior year.
TRON Inc's EBITDA was -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.3% from the prior year.
TRON Inc reported -$16.8M in net income in fiscal year 2025. This represents a decrease of 287.4% from the prior year.
Cash & Balance Sheet
TRON Inc held $10.5M in cash against $0 in long-term debt as of fiscal year 2025.
TRON Inc had 261M shares outstanding in fiscal year 2025.
Margins & Returns
TRON Inc's gross margin was 25.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.4 percentage points from the prior year.
TRON Inc's operating margin was -53.1% in fiscal year 2025, reflecting core business profitability. This is up 47.4 percentage points from the prior year.
TRON Inc's net profit margin was -354.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 254.0 percentage points from the prior year.
TRON Inc's ROE was -8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 74.0 percentage points from the prior year.
Capital Allocation
TRON Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M-1.6% | $1.2M+9.0% | $1.1M-17.8% | $1.3M+23.2% | $1.1M+18.3% | $921K+5.1% | $876K-41.9% | $1.5M |
| Cost of Revenue | $866K+0.4% | $863K+7.0% | $806K-23.3% | $1.1M+27.7% | $823K+9.7% | $750K+10.3% | $680K-42.5% | $1.2M |
| Gross Profit | $318K-6.7% | $341K+14.5% | $298K+1.9% | $292K+9.6% | $267K+56.3% | $171K-13.2% | $197K-39.5% | $325K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $915K+12.9% | $810K-15.1% | $955K-7.9% | $1.0M+13.4% | $914K-19.2% | $1.1M-14.9% | $1.3M+56.1% | $851K |
| Operating Income | -$597K-27.2% | -$469K+28.6% | -$657K+11.8% | -$744K-15.0% | -$647K | N/A | -$1.1M-115.1% | -$526K |
| Interest Expense | $13K+477.1% | $2K-54.0% | $5K-19.0% | $6K+5.6% | $6K | N/A | $9K | N/A |
| Income Tax | $1.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $21.6M+172.6% | -$29.8M-344.8% | $12.2M+729.4% | $1.5M+327.0% | -$647K+34.0% | -$979K+13.2% | -$1.1M-116.7% | -$521K |
| EPS (Diluted) | $0.05 | N/A | $0.04 | $0.01+125.0% | $-0.04 | N/A | $-0.11-120.0% | $-0.05 |
TRON Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $252.7M+19.5% | $211.4M-13.6% | $244.6M+118.0% | $112.2M+1830.8% | $5.8M-7.9% | $6.3M+10.0% | $5.7M+70.6% | $3.4M |
| Current Assets | $26.7M+115.1% | $12.4M-2.9% | $12.8M+75.1% | $7.3M+140.7% | $3.0M-12.5% | $3.5M+23.4% | $2.8M-14.9% | $3.3M |
| Cash & Equivalents | $9.9M-5.2% | $10.5M-1.4% | $10.6M+100.1% | $5.3M+491.4% | $896K-33.8% | $1.4M+31.8% | $1.0M-29.3% | $1.5M |
| Inventory | $679K-3.6% | $704K-1.9% | $718K-2.0% | $732K-23.4% | $956K+22.0% | $784K-7.1% | $844K+14.3% | $738K |
| Accounts Receivable | $925K+37.7% | $672K+26.4% | $531K-16.6% | $637K-5.3% | $672K-15.3% | $794K+45.9% | $544K-24.8% | $724K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.8M+147.1% | $1.1M-76.9% | $4.8M+542.1% | $752K-9.2% | $828K-18.5% | $1.0M-58.7% | $2.5M+708.0% | $304K |
| Current Liabilities | $864K+32.4% | $653K-23.2% | $850K | N/A | N/A | $1.0M | 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 | $249.9M+18.8% | $210.3M-12.3% | $239.8M+115.2% | $111.4M+2136.6% | $5.0M-5.8% | $5.3M+61.7% | $3.3M+7.1% | $3.1M |
| Retained Earnings | -$880K+96.1% | -$22.5M-408.4% | $7.3M+249.7% | -$4.9M+23.1% | -$6.3M-11.3% | -$5.7M-20.8% | -$4.7M-31.5% | -$3.6M |
TRON Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$539K-26.0% | -$428K+49.7% | -$850K-2180.3% | $41K+119.8% | -$207K+82.4% | -$1.2M-566.3% | -$176K+47.2% | -$334K |
| Capital Expenditures | $250K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$789K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $0+100.0% | -$250K | N/A |
| Financing Cash Flow | -$250K-171.8% | $348K-94.3% | $6.2M+41.1% | $4.4M+1845.0% | -$250K | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $18.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TRON Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.9%-1.5pp | 28.3%+1.4pp | 27.0%+5.2pp | 21.8%-2.7pp | 24.5%+5.9pp | 18.5%-3.9pp | 22.4%+0.9pp | 21.5% |
| Operating Margin | -50.4%-11.4pp | -39.0%+20.5pp | -59.5%-4.0pp | -55.4%+4.0pp | -59.4% | N/A | -129.2%-94.3pp | -34.9% |
| Net Margin | 1825.7%+4302.0pp | -2476.3%-3578.7pp | 1102.5%+993.1pp | 109.3%+168.6pp | -59.3%+47.1pp | -106.4%+22.4pp | -128.8%-94.3pp | -34.5% |
| Return on Equity | 8.6%+22.8pp | -14.2%-19.3pp | 5.1%+3.8pp | 1.3%+14.3pp | -13.0%+5.5pp | -18.5%+16.0pp | -34.5%-17.4pp | -17.1% |
| Return on Assets | 8.6%+22.7pp | -14.1%-19.1pp | 5.0%+3.7pp | 1.3%+12.4pp | -11.1%+4.4pp | -15.5%+4.2pp | -19.7%-4.2pp | -15.5% |
| Current Ratio | 30.90+11.9 | 19.01+4.0 | 15.04 | N/A | N/A | 3.41 | N/A | N/A |
| Debt-to-Equity | 0.010.0 | 0.01-0.0 | 0.02+0.0 | 0.01-0.2 | 0.17-0.0 | 0.19-0.6 | 0.75+0.7 | 0.10 |
| FCF Margin | -66.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is TRON Inc's annual revenue?
TRON Inc (TRON) reported $4.7M in total revenue for fiscal year 2025. This represents a 10.0% 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 TRON Inc's revenue growing?
TRON Inc (TRON) revenue grew by 10% year-over-year, from $4.3M to $4.7M in fiscal year 2025.
Is TRON Inc profitable?
No, TRON Inc (TRON) reported a net income of -$16.8M in fiscal year 2025, with a net profit margin of -354.6%.
What is TRON Inc's EBITDA?
TRON Inc (TRON) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is TRON Inc's gross margin?
TRON Inc (TRON) had a gross margin of 25.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is TRON Inc's operating margin?
TRON Inc (TRON) had an operating margin of -53.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TRON Inc's net profit margin?
TRON Inc (TRON) had a net profit margin of -354.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is TRON Inc's return on equity (ROE)?
TRON Inc (TRON) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is TRON Inc's operating cash flow?
TRON Inc (TRON) generated -$1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TRON Inc's total assets?
TRON Inc (TRON) had $211.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is TRON Inc's current ratio?
TRON Inc (TRON) had a current ratio of 19.01 as of fiscal year 2025, which is generally considered healthy.
What is TRON Inc's debt-to-equity ratio?
TRON Inc (TRON) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TRON Inc's return on assets (ROA)?
TRON Inc (TRON) had a return on assets of -8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TRON Inc's cash runway?
Based on fiscal year 2025 data, TRON Inc (TRON) had $10.5M in cash against an annual operating cash burn of $1.4M. This gives an estimated cash runway of approximately 87 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 TRON Inc's Altman Z-Score?
TRON Inc (TRON) has an Altman Z-Score of 371.98, placing it in the Safe Zone (low 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 TRON Inc's Piotroski F-Score?
TRON Inc (TRON) 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 TRON Inc's earnings high quality?
TRON Inc (TRON) has an earnings quality ratio of 0.09x, 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.
Can TRON Inc cover its interest payments?
TRON Inc (TRON) has an interest coverage ratio of -138.4x, meaning it can struggle to 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.
How financially healthy is TRON Inc?
TRON Inc (TRON) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.