TRON Financials
Ticker history: SRM became TRON (Tron Inc.) on . Earlier news and filings retain their original names and dates. View SRM history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRON SEC filings page.
Tron Inc. (TRON) reported $5.1M in revenue over the twelve months to Jun 30, 2026, up 19.7% from the prior twelve months. 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).
The business has regained gross margin, but heavy overhead and a transformed balance sheet still separate reported sales from operating results.
The FY2025 net loss of$16.8M sat alongside operating cash flow of-$1.44M , showing that reported earnings and cash movement were not aligned. In FY2024, the company reported a$4.34M loss alongside-$2.86M of operating cash flow, so the latest gap reflects a changing earnings-to-cash relationship rather than simply larger cash spending.
The gross margin improved to
Assets expanded to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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. held $10.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $1.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Tron Inc. scores 77/100 among other emerging companies.
Tron Inc. had 274M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Tron Inc. scores 3/100 among other emerging companies.
Not available for Tron Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Tron Inc. reported revenue of $4.7M in fiscal year 2025, against $4.3M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Tron Inc. scores 33/100 among other emerging companies.
Tron Inc.'s operations used $1.4M of cash in fiscal year 2025, against $2.9M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Tron Inc. scores 23/100 among other emerging companies.
Tron Inc.'s cash, cash equivalents and investments came to $10.5M at the end of fiscal year 2025, against $1.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Tron Inc. scores 96/100 among other emerging companies.
Tron Inc. scores 343.99, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $640.5M against total liabilities of $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 operating efficiency signals passes.
Tron Inc. reported a net loss of $16.8M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Tron Inc. reported an operating loss of $2.5M against $18K 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
Earnings & Revenue
Tron Inc. generated $1.6M in revenue in Q2 2026. This represents an increase of 16.8% from the same quarter a year earlier. Against the prior quarter it is up 32.4%.
Tron Inc.'s EBITDA was -$506K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Tron Inc. reported $2.9M in net income in Q2 2026. This represents an increase of 95.4% from the same quarter a year earlier. Against the prior quarter it is down 86.7%.
Cash & Balance Sheet
Tron Inc. held $9.5M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Tron Inc.'s gross margin was 18.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.
Tron Inc.'s operating margin was -34.2% in Q2 2026, reflecting core business profitability. This is up 21.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.2 percentage points.
Tron Inc.'s quarterly ROE was 1.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.5 percentage points.
Not shown for Q2 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
TRON Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M+16.8% | $1.2M+8.7% | $1.2M+30.7% | $1.1M+26.0% | $1.3M-10.9% | $1.1M+8.3% | $921K | $876K-22.3% |
| Cost of Revenue | $1.3M+21.6% | $866K+5.3% | $863K+15.0% | $806K+18.6% | $1.1M-11.2% | $823K-2.3% | $750K | $680K-24.4% |
| Gross Profit | $291K-0.5% | $318K+19.4% | $341K+100.0% | $298K+51.6% | $292K-10.0% | $267K+63.0% | $171K-50.5% | $197K-14.3% |
| SG&A Expenses | $826K-20.3% | $915K+0.1% | $810K-28.4% | $955K-28.2% | $1.0M+21.8% | $914K-51.4% | $1.1M+0.4% | $1.3M-22.6% |
| Operating Income | -$536Kn/m | -$597Kn/m | -$469Kn/m | -$657Kn/m | -$744Kn/m | -$647K | -$961K | -$1.1M |
| EBITDA | -$506Kn/m | -$587Kn/m | -$309K | -$623Kn/m | -$666Kn/m | -$583K | N/A | -$1.1M |
| Interest Expense | $11K+97.8% | $13K+127.0% | $2K | $5K-47.2% | $6K | $6K | N/A | $9K-21.6% |
| Income Tax | N/A | $1.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $2.9M+95.4% | $21.6Mn/m | -$29.8Mn/m | $12.2Mn/m | $1.5Mn/m | -$647Kn/m | -$979Kn/m | -$1.1Mn/m |
| EPS (Basic) | $0.01 | $0.08 | N/A | $0.11 | $0.07 | -$0.04 | -$0.05 | -$0.11n/m |
| EPS (Diluted) | $0.01 | $0.05 | N/A | $0.04 | $0.01 | -$0.04 | -$0.05 | -$0.11n/m |
| Diluted Shares (Avg) | 472M | 476M | N/A | 318M | 224M | 17M | N/A | 11M+32.2% |
Not reported in any period shown, so not listed: R&D Expenses.
TRON Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $256.2M+128.3% | $252.7M+4248.9% | $211.4M+3252.2% | $244.6M+4167.7% | $112.2M+3239.5% | $5.8M+53.0% | $6.3M+38.8% | $5.7M+15.4% |
| Current Assets | $21.6M+196.2% | $26.7M+781.0% | $12.4M+258.4% | $12.8M+355.4% | $7.3M+121.2% | $3.0M-19.3% | $3.5M-23.0% | $2.8M-43.0% |
| Cash & Equivalents | $9.5M+79.2% | $9.9M+1006.8% | $10.5M+673.1% | $10.6M+933.1% | $5.3M+264.7% | $896K-50.5% | $1.4M-54.6% | $1.0M-69.2% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $479K-34.6% | $679K-29.0% | $704K-10.2% | $718K-15.0% | $732K-0.8% | $956K+59.8% | $784K+155.3% | $844K+238.5% |
| Accounts Receivable | $1.0M+64.5% | $925K+37.6% | $672K-15.4% | $531K-2.4% | $637K-12.0% | $672K-19.5% | $794K+12.3% | $544K-21.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $3.4M+350.8% | $2.8M+233.2% | $1.1M+9.9% | $4.8M+96.2% | $752K+146.9% | $828K+128.8% | $1.0M+142.6% | $2.5M+379.3% |
| Current Liabilities | $789K | $864K | $653K-35.8% | $850K | N/A | N/A | $1.0M | N/A |
| Non-Current Liabilities | $2.6M | $1.9M | $464Kn/m | $4.0M | N/A | N/A | $0 | N/A |
| Total Equity | $252.8M+126.8% | $249.9M+4916.2% | $210.3M+3875.0% | $239.8M+7228.3% | $111.4M+3547.6% | $5.0M+52.3% | $5.3M+28.3% | $3.3M-26.5% |
| Retained Earnings | $2.0Mn/m | -$880Kn/m | -$22.5Mn/m | $7.3Mn/m | -$4.9Mn/m | -$6.3Mn/m | -$5.7Mn/m | -$4.7Mn/m |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
TRON Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$421K-1129.6% | -$539Kn/m | -$428Kn/m | -$850Kn/m | $41Kn/m | -$207Kn/m | -$1.2Mn/m | -$176Kn/m |
| Depreciation & Amortization | $30K-61.8% | $9K-85.5% | $160K+98.7% | $33K+15.8% | $78K+1689.2% | $65K+2139.3% | $81K+2696.2% | $29K+1168.5% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | $28K-94.7% | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | -$250Kn/m |
| Financing Cash Flow | N/A | N/A | $348K | $6.2M | $4.4M | -$250K | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TRON Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-3.2pp | 26.9%+2.4pp | 28.3%+9.8pp | 27.0%+4.6pp | 21.8%+0.2pp | 24.5%+8.2pp | 18.5% | 22.4%+2.1pp |
| Operating Margin | -34.2%+21.3pp | -50.4%+9.0pp | -39.0% | -59.5% | -55.4%-20.5pp | -59.4% | -104.4% | -129.2% |
| Net Margin | 182.8% | 1825.7% | -2476.3% | 1102.4% | 109.3% | -59.3% | -106.4% | -128.8% |
| Return on Equity | 1.1%-0.2pp | 8.6%+21.6pp | -14.2%+4.3pp | 5.1%+39.6pp | 1.3%+18.4pp | -13.0%+39.3pp | -18.5%-0.2pp | -34.5%-1.1pp |
| Return on Assets | 1.1%-0.2pp | 8.6%+19.7pp | -14.1%+1.4pp | 5.0%+24.7pp | 1.3%+16.8pp | -11.1%+33.9pp | -15.5%+1.1pp | -19.7%+10.2pp |
| Current Ratio | 27.40 | 30.90 | 19.01+15.6x | 15.04 | N/A | N/A | 3.41 | N/A |
| Liabilities-to-Equity | 0.010.0x | 0.01-0.2x | 0.01-0.2x | 0.02-0.7x | 0.01-0.1x | 0.17+0.1x | 0.19+0.1x | 0.75+0.6x |
| Asset Turnover | 0.010.0x | 0.00-0.2x | 0.01-0.1x | 0.00-0.1x | 0.01-0.4x | 0.19-0.1x | 0.15 | 0.15-0.1x |
Not reported in any period shown, so not listed: Debt-to-Equity, 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: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Tron Inc. TRON | FY2025 | $4.7M | -$16.8M | N/A | $640.5M | 46/100 |
| Lucky Strike Entertainment Corporation LUCK | FY2026 | $1.2B | -$35.8M | -2.9% | $571.2M | 39/100 |
| Six Flags Entertainment Corporation FUN | FY2025 | $3.1B | -$1.6B | -51.6% | $763.3M | 26/100 |
| Johnson Outdoors Inc JOUT | FY2025 | $592.4M | -$34.3M | -5.8% | $489.2M | 47/100 |
| Funko, Inc. FNKO | FY2025 | $908.2M | -$67.4M | -7.4% | $351.7M | 18/100 |
| Jakks Pacific Inc JAKK | FY2025 | $570.7M | $9.9M | 1.7% | $364.6M | 45/100 |
Where Tron Inc. Ranks
Frequently Asked Questions
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.
Tron Inc. (TRON) revenue grew by 10.0% year-over-year, from $4.3M to $4.7M in fiscal year 2025.
Yes, Tron Inc. (TRON) reported a net income of $6.9M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $16.8M.
Tron Inc. (TRON) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
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.
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.
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.
Tron Inc. (TRON) recorded an outflow of $1.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Tron Inc. (TRON) had $211.4M in total assets as of fiscal year 2025, including both current and long-term assets.
Tron Inc. (TRON) had a current ratio of 19.01 as of fiscal year 2025, which is generally considered healthy.
Tron Inc. (TRON) had a liabilities-to-equity ratio of 0.01 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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.
Tron Inc. (TRON) trades at 93.3x earnings, its market capitalization divided by $6.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $640.5M as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Tron Inc. (TRON) trades at 127x sales, its market capitalization divided by $5.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $640.5M as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Tron Inc. (TRON) held $10.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.4M over that year. Dividing the one by the other, the reported balance equals about 87 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.
Tron Inc. (TRON) has an Altman Z-Score of 343.99, 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.
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.
Tron Inc. (TRON) reported a net loss of $16.8M while operations used $1.4M 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.
Tron Inc. (TRON) reported an operating loss of $2.5M against $18K 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.
Tron Inc. (TRON) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average 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. For Tron Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.