Terrascent Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Terrascent has an operating margin of -5.6%, meaning the company retains $-6 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 up from -6.3% the prior year.
Terrascent's revenue declined 3.4% year-over-year, from $317.3M to $306.7M. This contraction results in a growth score of 19/100.
Terrascent carries a low D/E ratio of 1.16, meaning only $1.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Terrascent's current ratio of 1.94 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
Terrascent has a free cash flow margin of 9.3%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
Terrascent passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Terrascent generates $-0.52 in operating cash flow ($38.0M OCF vs -$72.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Terrascent earns $-0.7 in operating income for every $1 of interest expense (-$17.1M vs $23.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Terrascent (TSNDF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Terrascent generated $306.7M in revenue in fiscal year 2024. This represents a decrease of 3.4% from the prior year.
Terrascent's EBITDA was -$8.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.6% from the prior year.
Terrascent generated $28.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 45.1% from the prior year.
Terrascent reported -$72.7M in net income in fiscal year 2024. This represents an increase of 16.2% from the prior year.
Terrascent earned $-0.28 per diluted share (EPS) in fiscal year 2024. This represents an increase of 20.0% from the prior year.
Terrascent held $26.4M in cash against $204.5M in long-term debt as of fiscal year 2024.
Terrascent had 293M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Terrascent's gross margin was 48.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.
Terrascent's operating margin was -5.6% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Terrascent's net profit margin was -23.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.6 percentage points from the prior year.
Terrascent spent $215K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Terrascent invested $9.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 20.6% from the prior year.
TSNDF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.1M+0.1% | $65.0M-8.4% | $71.0M-24.2% | $93.7M+39.4% | $67.2M-16.7% | $80.6M-6.9% | $86.6M-3.0% | $89.2M |
| Cost of Revenue | $31.2M-1.9% | $31.8M-7.1% | $34.2M-30.3% | $49.0M+44.9% | $33.8M-19.2% | $41.9M-6.5% | $44.8M+8.1% | $41.4M |
| Gross Profit | $33.9M+2.1% | $33.2M-9.7% | $36.8M-17.6% | $44.7M+33.9% | $33.4M-13.9% | $38.7M-7.3% | $41.8M-12.6% | $47.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $21.3M+1.7% | $21.0M-20.5% | $26.4M-27.2% | $36.2M+60.1% | $22.6M-19.2% | $28.0M+1.2% | $27.7M-5.5% | $29.3M |
| Operating Income | $11.1M+1.5% | $11.0M+26.7% | $8.7M+121.1% | -$41.1M-486.1% | $10.6M+75.3% | $6.1M+113.5% | -$44.9M-353.3% | $17.7M |
| Interest Expense | $7.4M+7.0% | $7.0M+2.9% | $6.8M+137.2% | $2.9M-59.3% | $7.0M-1.0% | $7.1M+11.3% | $6.4M-14.4% | $7.4M |
| Income Tax | $11.0M+15.0% | $9.6M-16.2% | $11.4M+198.4% | -$11.6M-227.5% | $9.1M-5.6% | $9.7M+205.1% | -$9.2M-167.9% | $13.5M |
| Net Income | -$24.6M+49.0% | -$48.1M-292.1% | -$12.3M+59.3% | -$30.2M-383.6% | -$6.2M+58.0% | -$14.9M+64.5% | -$41.8M-382.2% | -$8.7M |
| EPS (Diluted) | $-0.08+52.9% | $-0.17-240.0% | $-0.05+54.5% | $-0.11-266.7% | $-0.03+50.0% | $-0.06+64.7% | $-0.17-325.0% | $-0.04 |
TSNDF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $555.3M-2.9% | $572.0M-4.8% | $600.7M-1.1% | $607.2M-8.0% | $660.2M+0.7% | $655.5M-1.6% | $666.5M-9.3% | $734.7M |
| Current Assets | $119.4M-10.3% | $133.1M+31.5% | $101.2M-42.8% | $176.9M+68.8% | $104.8M+7.3% | $97.7M-5.1% | $102.9M-4.0% | $107.2M |
| Cash & Equivalents | $36.5M+36.9% | $26.7M-8.8% | $29.2M+10.9% | $26.4M-3.6% | $27.4M+20.8% | $22.7M+1.9% | $22.2M-12.5% | $25.4M |
| Inventory | $33.9M-4.1% | $35.4M-24.6% | $46.9M+18.3% | $39.7M-22.2% | $51.0M+3.7% | $49.2M-4.8% | $51.7M-10.0% | $57.4M |
| Accounts Receivable | $17.1M-14.4% | $20.0M+6.5% | $18.8M-7.2% | $20.2M+20.4% | $16.8M-1.3% | $17.0M-10.7% | $19.0M+27.0% | $15.0M |
| Goodwill | $109.8M0.0% | $109.8M+2.7% | $106.9M0.0% | $106.9M0.0% | $106.9M0.0% | $106.9M-2.6% | $109.8M+3.9% | $105.6M |
| Total Liabilities | $459.8M+1.4% | $453.6M+4.1% | $435.6M+1.2% | $430.4M-0.8% | $434.1M+2.5% | $423.4M-0.6% | $425.8M-5.4% | $449.9M |
| Current Liabilities | $76.3M-16.8% | $91.7M+18.6% | $77.3M-15.1% | $91.0M+17.5% | $77.5M-61.1% | $199.1M-3.8% | $207.0M+41.4% | $146.4M |
| Long-Term Debt | $230.0M+8.5% | $212.1M+4.2% | $203.6M-0.5% | $204.5M+6.7% | $191.6M-2.8% | $197.2M-4.5% | $206.5M-1.2% | $208.9M |
| Total Equity | $95.5M-19.3% | $118.4M-28.3% | $165.1M-6.6% | $176.8M-21.8% | $226.1M-2.6% | $232.1M-3.6% | $240.7M-15.5% | $284.8M |
| Retained Earnings | -$867.2M-3.1% | -$841.5M-6.2% | -$792.1M-1.7% | -$778.5M-7.6% | -$723.6M-0.9% | -$717.4M-1.9% | -$704.2M-6.4% | -$662.1M |
TSNDF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.7M-4.4% | $2.8M-64.8% | $8.0M-17.9% | $9.7M-24.4% | $12.9M-2.7% | $13.3M+40.7% | $9.4M+5.5% | $8.9M |
| Capital Expenditures | $2.2M+2.6% | $2.2M-10.8% | $2.5M-53.2% | $5.3M+304.5% | $1.3M-53.6% | $2.8M+81.8% | $1.5M-10.6% | $1.7M |
| Free Cash Flow | $445K-28.8% | $625K-88.7% | $5.5M+23.3% | $4.5M-61.2% | $11.6M+10.9% | $10.5M+32.7% | $7.9M+9.3% | $7.2M |
| Investing Cash Flow | -$2.3M+70.1% | -$7.8M-138.6% | -$3.3M+45.1% | -$6.0M-321.0% | -$1.4M+58.5% | -$3.4M-16.9% | -$2.9M+65.2% | -$8.4M |
| Financing Cash Flow | $9.7M+271.3% | $2.6M+212.1% | -$2.3M+46.9% | -$4.4M+36.6% | -$6.9M+27.7% | -$9.6M-0.9% | -$9.5M-28.6% | -$7.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $146K-36.8% | $231K+200.0% | $77K | N/A | N/A | N/A | N/A |
TSNDF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.1%+1.0pp | 51.1%-0.7pp | 51.8%+4.2pp | 47.7%-2.0pp | 49.6%+1.6pp | 48.0%-0.2pp | 48.3%-5.3pp | 53.6% |
| Operating Margin | 17.1%+0.2pp | 16.9%+4.7pp | 12.2%+56.0pp | -43.8%-59.7pp | 15.8%+8.3pp | 7.5%+59.4pp | -51.9%-71.7pp | 19.9% |
| Net Margin | -37.7%+36.3pp | -74.0%-56.7pp | -17.3%+14.9pp | -32.2%-22.9pp | -9.3%+9.1pp | -18.4%+29.9pp | -48.3%-38.6pp | -9.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.4%+4.0pp | -8.4%-6.4pp | -2.0%+2.9pp | -5.0%-4.0pp | -0.9%+1.3pp | -2.3%+4.0pp | -6.3%-5.1pp | -1.2% |
| Current Ratio | 1.56+0.1 | 1.45+0.1 | 1.31-0.6 | 1.94+0.6 | 1.35+0.9 | 0.490.0 | 0.50-0.2 | 0.73 |
| Debt-to-Equity | 2.41+0.6 | 1.79+0.6 | 1.23+0.1 | 1.16+0.3 | 0.850.0 | 0.850.0 | 0.86+0.1 | 0.73 |
| FCF Margin | 0.7%-0.3pp | 1.0%-6.9pp | 7.8%+3.0pp | 4.8%-12.4pp | 17.3%+4.3pp | 13.0%+3.9pp | 9.1%+1.0pp | 8.1% |
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Frequently Asked Questions
What is Terrascent's annual revenue?
Terrascent (TSNDF) reported $306.7M in total revenue for fiscal year 2024. This represents a -3.4% 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 Terrascent's revenue growing?
Terrascent (TSNDF) revenue declined by 3.4% year-over-year, from $317.3M to $306.7M in fiscal year 2024.
Is Terrascent profitable?
No, Terrascent (TSNDF) reported a net income of -$72.7M in fiscal year 2024, with a net profit margin of -23.7%.
What is Terrascent's earnings per share (EPS)?
Terrascent (TSNDF) reported diluted earnings per share of $-0.28 for fiscal year 2024. This represents a 20.0% 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 Terrascent's EBITDA?
Terrascent (TSNDF) had EBITDA of -$8.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Terrascent have?
As of fiscal year 2024, Terrascent (TSNDF) had $26.4M in cash and equivalents against $204.5M in long-term debt.
What is Terrascent's gross margin?
Terrascent (TSNDF) had a gross margin of 48.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Terrascent's operating margin?
Terrascent (TSNDF) had an operating margin of -5.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Terrascent's net profit margin?
Terrascent (TSNDF) had a net profit margin of -23.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Terrascent's free cash flow?
Terrascent (TSNDF) generated $28.6M in free cash flow during fiscal year 2024. This represents a 45.1% change compared to the previous fiscal year. 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 Terrascent's operating cash flow?
Terrascent (TSNDF) generated $38.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Terrascent's total assets?
Terrascent (TSNDF) had $607.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Terrascent's capital expenditures?
Terrascent (TSNDF) invested $9.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Terrascent buy back shares?
Yes, Terrascent (TSNDF) spent $215K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Terrascent have outstanding?
Terrascent (TSNDF) had 293M shares outstanding as of fiscal year 2024.
What is Terrascent's current ratio?
Terrascent (TSNDF) had a current ratio of 1.94 as of fiscal year 2024, which is generally considered healthy.
What is Terrascent's debt-to-equity ratio?
Terrascent (TSNDF) had a debt-to-equity ratio of 1.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Terrascent's return on assets (ROA)?
Terrascent (TSNDF) had a return on assets of -12.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Terrascent's Piotroski F-Score?
Terrascent (TSNDF) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Terrascent's earnings high quality?
Terrascent (TSNDF) has an earnings quality ratio of -0.52x, considered mixed quality. 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 Terrascent cover its interest payments?
Terrascent (TSNDF) has an interest coverage ratio of -0.7x, 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 Terrascent?
Terrascent (TSNDF) scores 38 out of 100 on our Financial Profile, indicating weak 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.