NASDAQ : TPCS
TechPrecision Corporation — Financial statements
Industrials · Metal Fabrication · United States
Last price 5.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 55.85M
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Financial statements
TechPrecision Corporation (TPCS) reported revenue of 33.36M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 33.36M | 31.64M | 34.03M | 31.59M | 31.43M | 22.28M |
| Cost of Revenue | 28.02M | 26.67M | 29.70M | 27.47M | 26.53M | 18.91M |
| Gross Profit | 5.34M | 4.97M | 4.33M | 4.12M | 4.90M | 3.38M |
| Selling, General & Admin | 5.99M | 6.04M | 6.07M | 5.78M | 6.01M | 4.62M |
| Operating Expenses | 5.99M | 6.04M | 6.07M | 5.78M | 6.01M | 4.62M |
| Operating Income | -649.00K | -1.07M | -1.74M | -1.67M | -1.11M | -1.24M |
| Interest Expense | -456.00K | -485.00K | -541.00K | -521.00K | -355.61K | -269.38K |
| Interest & Investment Income | 2.00K | 2.00K | ||||
| Other Non Operating Income (Expenses) | -1.00K | -51.00K | 43.00K | 33.72K | 3.04K | |
| EBT Excluding Unusual Items | -1.10M | -1.55M | -2.33M | -2.14M | -1.43M | -1.51M |
| Merger & Restructuring Charges | -1.85M | -320.00K | ||||
| Gain (Loss) on Sale of Assets | -2.00K | 22.01K | ||||
| Legal Settlements | 10.00K | |||||
| Other Unusual Items | -83.00K | -83.00K | -419.00K | -1.12M | 643.69K | 1.25M |
| Pretax Income | -1.19M | -1.63M | -2.75M | -5.11M | -783.42K | -542.19K |
| Income Tax Expense | 31.00K | 31.00K | -2.00K | 1.93M | 195.58K | -192.35K |
| Net Income | -1.22M | -1.66M | -2.75M | -7.04M | -979.01K | -349.83K |
| Net Income to Common | -1.22M | -1.66M | -2.75M | -7.04M | -979.01K | -349.83K |
| Shares Outstanding (Basic) | 10.00M | 9.91M | 9.46M | 8.72M | 8.60M | 8.10M |
| Shares Outstanding (Diluted) | 10.00M | 9.91M | 9.46M | 8.72M | 8.60M | 8.10M |
| EPS (Basic) | -0.12 | -0.17 | -0.29 | -0.81 | -0.11 | -0.04 |
| EPS (Diluted) | -0.12 | -0.17 | -0.29 | -0.81 | -0.11 | -0.04 |
| Free Cash Flow | -3.19M | -3.26M | -4.72M | -2.50M | 812.54K | -681.16K |
| Free Cash Flow Per Share | -0.32 | -0.33 | -0.50 | -0.29 | 0.10 | -0.08 |
| Gross Margin | 16.02% | 15.72% | 12.72% | 13.04% | 15.60% | 15.15% |
| Operating Margin | -1.94% | -3.37% | -5.11% | -5.27% | -3.52% | -5.57% |
| Profit Margin | -3.66% | -5.26% | -8.08% | -22.29% | -3.12% | -1.57% |
| Free Cash Flow Margin | -9.57% | -10.30% | -13.87% | -7.92% | 2.58% | -3.06% |
| EBITDA | 1.40M | 994.00K | 357.00K | 96.00K | 473.52K | -144.30K |
| EBITDA Margin | 4.20% | 3.14% | 1.05% | 0.30% | 1.51% | -0.65% |
| D&A For EBITDA | 2.05M | 2.06M | 2.10M | 1.76M | 1.58M | 1.10M |
| EBIT | -649.00K | -1.07M | -1.74M | -1.67M | -1.11M | -1.24M |
| EBIT Margin | -1.94% | -3.37% | -5.11% | -5.27% | -3.52% | -5.57% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 279.00K | 431.00K | 195.00K | 138.00K | 534.47K | 1.05M |
| Short-Term Investments | 20.00K | 20.00K | 30.00K | 20.00K | 21.71K | 21.10K |
| Cash & Short-Term Investments | 299.00K | 451.00K | 225.00K | 158.00K | 556.18K | 1.07M |
| Accounts Receivable | 13.47M | 13.30M | 11.78M | 10.90M | 11.28M | 11.36M |
| Other Receivables | 1.09M | |||||
| Receivables | 13.47M | 13.30M | 11.78M | 10.90M | 11.28M | 12.45M |
| Inventory | 3.18M | 2.95M | 2.88M | 3.25M | 2.41M | 2.23M |
| Prepaid Expenses | 311.00K | 472.00K | 430.00K | 484.00K | 322.72K | 297.03K |
| Other Current Assets | 65.00K | 553.00K | 30.00K | 60.00K | 4.56K | 9.67K |
| Total Current Assets | 17.33M | 17.73M | 15.35M | 14.85M | 14.58M | 16.07M |
| Property, Plant & Equipment | 13.79M | 14.42M | 18.06M | 19.77M | 19.57M | 19.54M |
| Long-Term Deferred Tax Assets | 1.93M | 2.13M | ||||
| Other Long-Term Assets | 122.00K | 122.00K | 122.00K | 122.00K | 121.26K | 121.26K |
| Total Assets | 31.24M | 32.27M | 33.53M | 34.75M | 36.21M | 37.85M |
| Accounts Payable | 3.45M | 2.42M | 2.44M | 1.41M | 2.22M | 3.43M |
| Accrued Expenses | 1.94M | 2.11M | 1.98M | 2.89M | 1.73M | 1.61M |
| Current Portion of Long-Term Debt | 4.87M | 6.88M | 7.35M | 7.56M | 1.22M | 4.09M |
| Current Portion of Leases | 817.00K | 800.00K | 770.00K | 736.00K | 711.73K | 593.81K |
| Current Income Taxes Payable | 31.00K | 31.00K | ||||
| Current Unearned Revenue | 2.94M | 2.92M | 1.04M | 2.10M | 2.33M | 1.77M |
| Other Current Liabilities | 3.34M | 3.01M | 3.34M | 3.05M | 799.73K | 1.83M |
| Total Current Liabilities | 17.37M | 18.17M | 16.92M | 17.75M | 9.02M | 13.31M |
| Long-Term Debt | 3.00K | 4.75M | 3.11M | |||
| Long-Term Leases | 2.70M | 2.86M | 3.64M | 4.41M | 5.14M | 5.85M |
| Other Long-Term Liabilities | 3.56M | 3.57M | 4.23M | 4.78M | 2.70M | 305.07K |
| Total Liabilities | 23.63M | 24.60M | 24.79M | 26.94M | 21.61M | 22.59M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 861.00 | 858.00 |
| Additional Paid-In Capital | 19.57M | 19.48M | 18.89M | 15.20M | 14.95M | 14.64M |
| Retained Earnings | -11.96M | -11.81M | -10.15M | -7.40M | -356.44K | 622.57K |
| Shareholders' Equity | 7.61M | 7.67M | 8.74M | 7.80M | 14.59M | 15.26M |
| Total Liabilities & Equity | 31.24M | 32.27M | 33.53M | 34.75M | 36.21M | 37.85M |
| Total Debt | 8.38M | 10.55M | 11.76M | 12.70M | 11.82M | 13.66M |
| Net Cash (Debt) | -8.08M | -10.10M | -11.54M | -12.54M | -11.27M | -12.58M |
| Net Cash Per Share | -0.81 | -1.02 | -1.22 | -1.44 | -1.31 | -1.55 |
| Filing Date Shares Outstanding | 10.10M | 10.02M | 9.78M | 9.62M | 8.61M | 8.58M |
| Total Common Shares Outstanding | 10.13M | 10.02M | 9.75M | 8.78M | 8.61M | 8.58M |
| Working Capital | -46.00K | -441.00K | -1.57M | -2.90M | 5.56M | 2.75M |
| Book Value Per Share | 0.75 | 0.77 | 0.90 | 0.89 | 1.69 | 1.78 |
| Tangible Book Value | 7.61M | 7.67M | 8.74M | 7.80M | 14.59M | 15.26M |
| Tangible Book Value Per Share | 0.75 | 0.77 | 0.90 | 0.89 | 1.69 | 1.78 |
| Land | 110.00K | 110.00K | 110.00K | 110.00K | 110.11K | 110.11K |
| Buildings | 3.29M | 3.29M | 3.29M | 3.29M | 3.29M | 3.29M |
| Machinery | 25.72M | 25.72M | 26.61M | 25.59M | 23.02M | 20.86M |
| Construction In Progress | 147.00K | 147.00K | 147.00K | 148.00K | 149.58K | |
| Order Backlog | 52.20M | 48.62M | 49.50M | 44.00M | 47.30M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -1.22M | -1.66M | -2.75M | -7.04M | -979.01K | -349.83K |
| Depreciation & Amortization | 2.79M | 2.79M | 2.80M | 2.43M | 2.22M | 1.46M |
| Other Amortization | 138.00K | 153.00K | 103.00K | 107.00K | 59.92K | 48.25K |
| Loss (Gain) From Sale of Assets | 2.00K | 1.00K | -39.00K | -468.00 | ||
| Stock-Based Compensation | 658.00K | 635.00K | 103.00K | 285.00K | 253.08K | 190.75K |
| Provision & Write-off of Bad Debts | 375.00K | -53.00K | 139.00K | 190.00K | -237.32K | -223.11K |
| Other Operating Activities | 419.00K | 3.05M | 188.46K | -1.46M | ||
| Change in Accounts Receivable | -1.66M | -1.57M | -850.00K | 386.00K | 75.19K | 169.84K |
| Change in Inventory | 39.00K | -72.00K | 368.00K | -837.00K | -177.91K | -42.49K |
| Change in Accounts Payable | 837.00K | -22.00K | 1.03M | -816.00K | -1.20M | 245.74K |
| Change in Unearned Revenue | 594.00K | 1.50M | -1.12M | 1.45M | 568.27K | 1.39M |
| Change in Income Taxes | 31.00K | 31.00K | ||||
| Change in Other Net Operating Assets | -1.33M | -1.72M | -842.00K | 1.56M | 2.37M | -1.17M |
| Operating Cash Flow | 1.26M | 6.00K | -599.00K | 728.00K | 3.14M | 257.84K |
| Capital Expenditures | -4.45M | -3.27M | -4.12M | -3.23M | -2.33M | -939.00K |
| Sale of Property, Plant & Equipment | 7.00K | |||||
| Cash Acquisitions | -7.80M | |||||
| Other Investing Activities | 4.33M | 4.13M | 3.04M | 639.00K | ||
| Investing Cash Flow | -124.00K | 868.00K | -1.08M | -2.59M | -2.32M | -8.73M |
| Long-Term Debt Issued | 18.24M | 13.94M | 7.16M | 10.89M | 8.61M | |
| Long-Term Debt Repaid | -18.64M | -14.17M | -5.64M | -12.16M | -4.23M | |
| Net Debt Issued (Repaid) | -763.00K | -399.00K | -233.00K | 1.52M | -1.28M | 4.38M |
| Issuance of Common Stock | 2.30M | 3.52M | ||||
| Other Financing Activities | -235.00K | -239.00K | -329.00K | -51.00K | -57.72K | -505.30K |
| Financing Cash Flow | -998.00K | -638.00K | 1.74M | 1.47M | -1.34M | 7.40M |
| Net Cash Flow | 136.00K | 236.00K | 57.00K | -396.00K | -517.66K | -1.08M |
| Free Cash Flow | -3.19M | -3.26M | -4.72M | -2.50M | 812.54K | -681.16K |
| Free Cash Flow Margin | -9.57% | -10.30% | -13.87% | -7.92% | 2.58% | -3.06% |
| Free Cash Flow Per Share | -0.32 | -0.33 | -0.50 | -0.29 | 0.10 | -0.08 |
| Levered Free Cash Flow | -1.08M | -1.12M | -3.22M | 1.04M | -1.22M | -1.00M |
| Unlevered Free Cash Flow | -929.62K | -966.88K | -2.99M | 1.26M | -1.06M | -884.38K |
| Cash Interest Paid | 390.00K | 409.00K | 438.00K | 414.00K | 288.08K | 236.57K |
| Cash Income Tax Paid | 4.00K | 4.00K | ||||
| Change in Working Capital | -1.49M | -1.86M | -1.41M | 1.75M | 1.64M | 590.34K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 53.53M | 30.13M | 22.22M | 31.69M | 60.90M | 57.98M |
| Enterprise Value | 61.61M | 40.57M | 33.89M | 44.03M | 73.70M | 72.06M |
| Last Close Price | 5.30 | 3.01 | 2.30 | 3.61 | 7.07 | 6.76 |
| Forward PE | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | |
| PS Ratio | 1.60 | 0.95 | 0.65 | 1.00 | 1.94 | 2.60 |
| PB Ratio | 7.06 | 3.93 | 2.54 | 4.06 | 4.17 | 3.80 |
| P/TBV Ratio | 7.03 | 3.93 | 2.54 | 4.06 | 4.17 | 3.80 |
| P/FCF Ratio | 74.95 | |||||
| P/OCF Ratio | 42.55 | 5,022.35 | 43.52 | 19.41 | 224.87 | |
| EV/Sales Ratio | 1.85 | 1.28 | 1.00 | 1.39 | 2.35 | 3.23 |
| EV/EBITDA Ratio | 44.01 | 40.82 | 94.93 | 458.66 | 155.65 | |
| EV/FCF Ratio | 90.71 | |||||
| Debt / Equity Ratio | 1.10 | 1.38 | 1.35 | 1.63 | 0.81 | 0.90 |
| Debt / EBITDA Ratio | 3.94 | 6.12 | 11.17 | 132.32 | 24.97 | 104.28 |
| Debt / FCF Ratio | 14.55 | |||||
| Net Debt / Equity Ratio | 1.06 | 1.32 | 1.32 | 1.61 | 0.77 | 0.82 |
| Net Debt / EBITDA Ratio | 5.77 | 10.16 | 32.32 | 130.68 | 23.79 | -87.20 |
| Net Debt / FCF Ratio | -2.53 | -3.10 | -2.44 | -5.01 | 13.87 | -18.47 |
| Asset Turnover | 1.05 | 0.96 | 1.00 | 0.89 | 0.85 | 0.83 |
| Inventory Turnover | 8.76 | 9.14 | 9.69 | 9.70 | 11.42 | 10.79 |
| Quick Ratio | 0.79 | 0.76 | 0.71 | 0.62 | 1.31 | 1.02 |
| Current Ratio | 1.00 | 0.98 | 0.91 | 0.84 | 1.62 | 1.21 |
| Return on Equity (ROE) | -15.42% | -20.28% | -33.22% | -62.88% | -6.56% | -2.78% |
| Return on Assets (ROA) | -1.28% | -2.03% | -3.18% | -2.93% | -1.86% | -2.88% |
| Return on Invested Capital (ROIC) | -3.88% | -5.61% | -8.56% | -7.21% | -4.12% | -6.29% |
| Return on Capital Employed (ROCE) | -4.70% | -7.60% | -10.50% | -9.80% | -4.10% | -5.10% |
| Earnings Yield | -2.30% | -5.52% | -12.37% | -22.22% | -1.61% | -0.60% |
| FCF Yield | -5.96% | -10.81% | -21.24% | -7.90% | 1.33% | -1.18% |
| Buyback Yield / Dilution | -3.58% | -4.80% | -8.51% | -1.41% | -6.19% | -4.33% |