Every 10-Q that Techprecision Corporation (TPCS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TPCS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TPCS filings page.
TechPrecision Corporation reported revenue of $9.1 million for the quarter ended June 30, 2026, up from $7.4 million a year earlier, driven by higher defense work at both Ranor and Stadco and improved project execution. Gross profit rose to $1.4 million, and the net loss narrowed to $153 thousand (loss of $0.02 per share) from $597 thousand. EBITDA improved to $651 thousand. Operating cash flow was strong at $1.9 million, while cash on hand was $279 thousand, with total available liquidity of $2.1 million including revolver capacity.
Ranor generated operating income of $916 thousand, while Stadco posted an operating loss of $836 thousand, though Stadco’s loss improved versus the prior year. Backlog remained sizable, with remaining performance obligations of $52.7 million, which the company expects to recognize within 36 months.
Leverage and liquidity present significant risk. Total debt was $5.0 million, and the company is in default of its balance sheet leverage covenant, with no waiver granted. All long-term debt is classified as current, and the revolver matures on September 15, 2026. Management states that these covenant violations, the need to renew or refinance the revolver, and continuing losses at Stadco raise substantial doubt about the company’s ability to continue as a going concern. Management also reports material weaknesses in internal control over financial reporting, and disclosure controls and procedures are deemed not effective.
TechPrecision Corporation reported weaker quarterly results for the three months ended December 31, 2025. Revenue fell to $7.1M from $7.6M, and the company posted a net loss of $1.5M, versus a $0.8M loss a year earlier.
For the nine-month period, revenue slipped to $23.6M while the net loss narrowed to $1.2M from $2.9M. Ranor remained profitable, but Stadco generated operating losses. The company breached key loan covenants, has only $0.7M of available liquidity, and discloses substantial doubt about its ability to continue as a going concern without refinancing or new funding.
TechPrecision Corporation reported improved quarterly results and highlighted liquidity risks. For the quarter ended September 30, 2025, revenue was $9,086 thousand, up 2% year over year, with gross margin rising to 27% from 11%. Net income was $825 thousand (basic and diluted EPS $0.08), versus a loss of $601 thousand a year ago. Ranor delivered stronger margins, while Stadco returned to positive gross profit.
Despite better profitability, liquidity remains tight. Total available liquidity was $1,400 thousand as of September 30, 2025, including $220 thousand in cash and $1,180 thousand of undrawn revolver capacity. The company acknowledged an event of default under its loan agreement for failing the balance sheet leverage covenant at March 31 and September 30, 2025. All long-term debt is classified as current, with debt, net, at $7,199 thousand and the revolver maturing on January 16, 2026. Management is seeking a revolver renewal or alternative financing and working to improve Stadco’s operations; these uncertainties raise substantial doubt about the ability to continue as a going concern.
TechPrecision Corporation (TPCS) reported operational and disclosure items in its Form 10-Q, noting debt classification, lease and purchase commitments, stock-based compensation, and pending accounting standard changes. The company disclosed shares issued and outstanding around 9.76 million at March 31, 2025. Total debt obligations were reported at $5,770 and, due to covenant violations, classified as current. Unconditional purchase commitments for raw materials and supplies totaled approximately $9,296 due within 12 months, and purchase obligations for machinery and equipment reimbursable by a customer totaled $7,483. Operating lease obligations (including imputed interest) totaled $4,212 through 2030, with roughly $900 due annually over the next five years.
The filing discusses amendments to income statement expense disaggregation (ASU) effective for annual periods after December 15, 2026, and interim periods after December 15, 2027; the company is evaluating impacts. Stock-based compensation items disclosed include various awards with $37, $90, and $165 of unrecognized compensation cost on different awards, a fair-value award of $180 based on 78,261 shares at $2.30, and stock-based expense recognized of $15 and $45 for the three months ended June 30, 2025. The filing also summarizes loan terms, interest rates, payment schedules, covenant tests, and lists multiple operational and market risk factors that could affect results.