NASDAQ : TRSG
Tungray Technologies Inc. — Financial statements
Industrials · Metal Fabrication · Singapore
Last price 1.1757 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 19.23M
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Financial statements
Tungray Technologies Inc. (TRSG) reported revenue of 15.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 15.62M | 15.62M | 12.81M | 14.36M | 16.33M | 17.47M |
| Cost of Revenue | 8.45M | 8.45M | 7.21M | 7.65M | 7.07M | 8.21M |
| Gross Profit | 7.17M | 7.17M | 5.60M | 6.71M | 9.27M | 9.26M |
| Selling, General & Admin | 6.44M | 6.44M | 5.19M | 4.82M | 5.15M | 3.71M |
| Research & Development | 975.05K | 975.05K | 1.06M | 791.76K | 829.21K | 669.36K |
| Operating Expenses | 7.41M | 7.41M | 6.25M | 5.61M | 5.98M | 4.38M |
| Operating Income | -241.81K | -241.81K | -656.10K | 1.10M | 3.28M | 4.88M |
| Interest Expense | -82.98K | -82.98K | -160.74K | -35.70K | -189.97K | |
| Other Non Operating Income (Expenses) | 285.63K | 285.63K | 362.46K | 355.70K | 222.42K | 315.34K |
| Pretax Income | -39.16K | -39.16K | -293.63K | 1.29M | 3.47M | 5.01M |
| Income Tax Expense | 131.12K | 131.12K | 278.08K | 537.88K | 628.53K | 709.03K |
| Earnings From Continuing Operations | -170.28K | -170.28K | -571.72K | 756.76K | 2.84M | 4.30M |
| Minority Interest in Earnings | 156.86K | 156.86K | 91.70K | 99.78K | 10.33K | 1.28K |
| Net Income | -13.42K | -13.42K | -480.02K | 856.54K | 2.85M | 4.30M |
| Net Income to Common | -13.42K | -13.42K | -480.02K | 856.54K | 2.85M | 4.30M |
| Shares Outstanding (Basic) | 16.35M | 16.35M | 15.95M | 15.00M | 15.00M | 15.00M |
| Shares Outstanding (Diluted) | 16.35M | 16.35M | 15.95M | 15.00M | 15.00M | 15.00M |
| EPS (Basic) | -0.00 | -0.00 | -0.03 | 0.06 | 0.19 | 0.29 |
| EPS (Diluted) | -0.00 | -0.00 | -0.03 | 0.06 | 0.19 | 0.29 |
| Free Cash Flow | -3.85M | -3.85M | -1.26M | 407.77K | 3.49M | 5.78M |
| Free Cash Flow Per Share | -0.23 | -0.23 | -0.08 | 0.03 | 0.23 | 0.39 |
| Gross Margin | 45.91% | 45.91% | 43.70% | 46.73% | 56.73% | 53.00% |
| Operating Margin | -1.55% | -1.55% | -5.12% | 7.66% | 20.10% | 27.94% |
| Profit Margin | -0.09% | -0.09% | -3.75% | 5.96% | 17.46% | 24.60% |
| Free Cash Flow Margin | -24.62% | -24.62% | -9.86% | 2.84% | 21.38% | 33.09% |
| EBITDA | 197.09K | 197.09K | -268.51K | 1.36M | 3.48M | 5.12M |
| EBITDA Margin | 1.26% | 1.26% | -2.10% | 9.49% | 21.32% | 29.30% |
| D&A For EBITDA | 438.90K | 438.90K | 387.59K | 263.26K | 198.82K | 237.68K |
| EBIT | -241.81K | -241.81K | -656.10K | 1.10M | 3.28M | 4.88M |
| EBIT Margin | -1.55% | -1.55% | -5.12% | 7.66% | 20.10% | 27.94% |
| Effective Tax Rate | 41.55% | 18.12% | 14.16% | |||
| Revenue as Reported | 15.62M | 15.62M | 12.81M | 14.36M | 16.33M | 17.47M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.62M | 6.62M | 8.97M | 10.80M | 13.13M | 11.34M |
| Cash & Short-Term Investments | 6.62M | 6.62M | 8.97M | 10.80M | 13.13M | 11.34M |
| Accounts Receivable | 3.23M | 3.23M | 2.40M | 3.81M | 2.22M | 3.42M |
| Other Receivables | 1.35M | 1.35M | 411.93K | 223.41K | 143.46K | 577.17K |
| Receivables | 4.92M | 4.92M | 3.13M | 4.12M | 2.67M | 4.00M |
| Inventory | 3.35M | 3.35M | 2.21M | 2.28M | 1.40M | 1.84M |
| Prepaid Expenses | 2.19M | 2.19M | 1.48M | 259.95K | 539.38K | 816.50K |
| Restricted Cash | 19.13K | 19.13K | 503.54K | |||
| Other Current Assets | 1.59M | 1.59M | 3.47M | 1.06M | 116.89K | 642.98K |
| Total Current Assets | 18.70M | 18.70M | 19.77M | 18.53M | 17.86M | 18.64M |
| Property, Plant & Equipment | 8.27M | 8.27M | 7.81M | 7.04M | 7.12M | 7.03M |
| Long-Term Investments | 2.27M | 2.27M | 205.50K | 211.27K | 217.48K | |
| Other Intangible Assets | 241.83K | 241.83K | 59.15K | 55.84K | 33.94K | 49.14K |
| Long-Term Deferred Tax Assets | 75.13K | 65.79K | ||||
| Long-Term Deferred Charges | 1.19M | 699.56K | ||||
| Other Long-Term Assets | 29.17K | 29.17K | 2.07M | 23.16K | 22.71K | |
| Total Assets | 29.51M | 29.51M | 29.91M | 27.05M | 26.03M | 25.79M |
| Accounts Payable | 2.09M | 2.09M | 1.44M | 1.55M | 1.21M | 1.64M |
| Accrued Expenses | 1.75M | 1.75M | 1.51M | 1.24M | 1.17M | 978.68K |
| Short-Term Debt | 714.99K | 714.99K | 453.81K | 491.17K | ||
| Current Portion of Long-Term Debt | 93.40K | 93.40K | 80.59K | 140.16K | 379.70K | 714.95K |
| Current Portion of Leases | 336.34K | 336.34K | 476.51K | 169.33K | 73.17K | 165.29K |
| Current Income Taxes Payable | 475.58K | 475.58K | 509.01K | 991.16K | 1.19M | 421.53K |
| Current Unearned Revenue | 3.15M | 3.15M | 6.12M | 4.01M | 1.85M | 2.60M |
| Other Current Liabilities | 1.03M | 1.03M | 476.57K | 932.42K | 2.00M | 2.47M |
| Total Current Liabilities | 9.65M | 9.65M | 10.60M | 9.03M | 8.33M | 9.48M |
| Long-Term Debt | 1.18M | 1.18M | 1.16M | 1.95M | 2.37M | 3.20M |
| Long-Term Leases | 590.79K | 590.79K | 883.08K | 350.05K | 490.01K | 519.69K |
| Long-Term Unearned Revenue | 57.20K | 57.20K | ||||
| Total Liabilities | 11.48M | 11.48M | 12.65M | 11.34M | 11.19M | 13.20M |
| Common Stock | 1.64K | 1.64K | 1.64K | 1.50K | 1.50K | 1.50K |
| Additional Paid-In Capital | 3.10M | 3.10M | 3.14M | 332.57K | 332.57K | 332.57K |
| Retained Earnings | 15.29M | 15.29M | 15.30M | 15.78M | 14.92M | 16.88M |
| Comprehensive Income & Other | -22.02K | -22.02K | -1.01M | -284.44K | -398.75K | -4.62M |
| Total Common Equity | 18.37M | 18.37M | 17.42M | 15.83M | 14.86M | 12.59M |
| Minority Interest | -334.78K | -334.78K | -163.60K | -114.51K | -14.44K | -1.17K |
| Shareholders' Equity | 18.03M | 18.03M | 17.26M | 15.71M | 14.84M | 12.59M |
| Total Liabilities & Equity | 29.51M | 29.51M | 29.91M | 27.05M | 26.03M | 25.79M |
| Total Debt | 2.92M | 2.92M | 2.60M | 2.61M | 3.77M | 5.09M |
| Net Cash (Debt) | 3.71M | 3.71M | 6.37M | 8.19M | 9.36M | 6.25M |
| Net Cash Per Share | 0.23 | 0.23 | 0.40 | 0.55 | 0.62 | 0.42 |
| Filing Date Shares Outstanding | 16.35M | 16.35M | 16.35M | 16.25M | 15.00M | 15.00M |
| Total Common Shares Outstanding | 16.35M | 16.35M | 16.35M | 15.00M | 15.00M | 15.00M |
| Working Capital | 9.05M | 9.05M | 9.17M | 9.49M | 9.53M | 9.16M |
| Book Value Per Share | 1.12 | 1.12 | 1.07 | 1.06 | 0.99 | 0.84 |
| Tangible Book Value | 18.13M | 18.13M | 17.36M | 15.77M | 14.82M | 12.54M |
| Tangible Book Value Per Share | 1.11 | 1.11 | 1.06 | 1.05 | 0.99 | 0.84 |
| Buildings | 7.10M | 7.10M | 6.33M | 6.55M | 6.45M | 6.40M |
| Machinery | 3.02M | 3.02M | 2.45M | 2.17M | 2.14M | 1.82M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -13.42K | -13.42K | -480.02K | 856.54K | 2.85M | 4.30M |
| Depreciation & Amortization | 764.52K | 764.52K | 649.34K | 417.72K | 318.88K | 356.92K |
| Loss (Gain) From Sale of Assets | 1.05K | 3.31K | ||||
| Provision & Write-off of Bad Debts | 31.61K | 31.61K | 217.47K | 190.98K | 22.84K | 128.55K |
| Other Operating Activities | -162.06K | -162.06K | 37.99K | -18.45K | 17.39K | 66.66K |
| Change in Accounts Receivable | -978.30K | -978.30K | 1.00M | -1.59M | 711.94K | -1.00M |
| Change in Inventory | -1.04M | -1.04M | -117.16K | -909.05K | 300.04K | -513.85K |
| Change in Accounts Payable | 814.55K | 814.55K | -65.68K | 367.08K | -328.48K | 404.83K |
| Change in Unearned Revenue | -3.50M | -3.50M | 2.24M | 2.15M | -702.92K | 1.61M |
| Change in Income Taxes | 86.44K | 86.44K | -474.51K | -295.50K | 250.04K | 535.15K |
| Change in Other Net Operating Assets | 947.32K | 947.32K | -3.83M | -715.07K | 193.57K | 104.65K |
| Operating Cash Flow | -3.05M | -3.05M | -811.89K | 451.02K | 3.64M | 5.99M |
| Capital Expenditures | -799.28K | -799.28K | -450.64K | -43.25K | -145.70K | -206.34K |
| Sale of Property, Plant & Equipment | 54.15K | 54.15K | ||||
| Divestitures | -478.00 | -478.00 | ||||
| Sale (Purchase) of Intangibles | -208.90K | -208.90K | -15.17K | -37.99K | ||
| Investment in Securities | -222.92K | |||||
| Other Investing Activities | -688.96K | -688.96K | -2.32M | -498.00 | 264.50K | -807.25K |
| Investing Cash Flow | -1.64M | -1.64M | -2.78M | -81.75K | -104.12K | -1.01M |
| Long-Term Debt Issued | 1.48M | 1.48M | 178.86K | 1.87M | 4.82M | 1.16M |
| Long-Term Debt Repaid | -172.17K | -172.17K | -914.62K | -2.92M | -3.89M | -1.17M |
| Net Debt Issued (Repaid) | 1.31M | 1.31M | -735.76K | -1.05M | 937.23K | -13.42K |
| Issuance of Common Stock | 5.41M | |||||
| Common Dividends Paid | -517.14K | -1.28M | -1.65M | |||
| Other Financing Activities | -1.37M | -474.97K | -680.12K | |||
| Financing Cash Flow | 1.31M | 1.31M | 2.79M | -2.81M | -1.40M | -13.42K |
| Foreign Exchange Rate Adjustments | 553.65K | 553.65K | -526.63K | 108.14K | -342.91K | 280.88K |
| Net Cash Flow | -2.83M | -2.83M | -1.33M | -2.33M | 1.79M | 5.24M |
| Free Cash Flow | -3.85M | -3.85M | -1.26M | 407.77K | 3.49M | 5.78M |
| Free Cash Flow Margin | -24.62% | -24.62% | -9.86% | 2.84% | 21.38% | 33.09% |
| Free Cash Flow Per Share | -0.23 | -0.23 | -0.08 | 0.03 | 0.23 | 0.39 |
| Levered Free Cash Flow | -3.26M | -3.26M | -1.98M | -768.05K | 4.09M | 3.47M |
| Unlevered Free Cash Flow | -3.21M | -3.21M | -1.98M | -667.59K | 4.11M | 3.59M |
| Cash Interest Paid | 66.31K | 66.31K | 66.86K | 91.28K | 155.05K | 193.39K |
| Cash Income Tax Paid | 178.86K | 178.86K | 746.04K | 664.26K | 390.94K | 268.08K |
| Change in Working Capital | -3.67M | -3.67M | -1.24M | -995.77K | 424.18K | 1.14M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.15M | 18.26M | 35.98M | |||
| Enterprise Value | 14.45M | 12.61M | 29.39M | |||
| Last Close Price | 1.18 | 1.12 | 2.20 | |||
| PS Ratio | 1.16 | 1.17 | 2.81 | |||
| PB Ratio | 1.05 | 1.01 | 2.08 | |||
| P/TBV Ratio | 1.00 | 1.01 | 2.07 | |||
| EV/Sales Ratio | 0.92 | 0.81 | 2.29 | |||
| EV/EBITDA Ratio | 73.30 | 63.98 | ||||
| Debt / Equity Ratio | 0.16 | 0.16 | 0.15 | 0.17 | 0.25 | 0.40 |
| Debt / EBITDA Ratio | 4.89 | 4.89 | 82.62 | 1.67 | 0.97 | 0.94 |
| Debt / FCF Ratio | 6.40 | 1.08 | 0.88 | |||
| Net Debt / Equity Ratio | -0.21 | -0.21 | -0.37 | -0.52 | -0.63 | -0.50 |
| Net Debt / EBITDA Ratio | -18.80 | -18.80 | 23.71 | -6.01 | -2.69 | -1.22 |
| Net Debt / FCF Ratio | 0.96 | 0.96 | 5.04 | -20.09 | -2.68 | -1.08 |
| Asset Turnover | 0.53 | 0.53 | 0.45 | 0.54 | 0.63 | 0.78 |
| Inventory Turnover | 3.04 | 3.04 | 3.21 | 4.15 | 4.35 | 5.06 |
| Quick Ratio | 1.16 | 1.16 | 1.11 | 1.64 | 1.86 | 1.62 |
| Current Ratio | 1.94 | 1.94 | 1.86 | 2.05 | 2.15 | 1.97 |
| Return on Equity (ROE) | -0.97% | -0.97% | -3.47% | 4.95% | 20.71% | 41.21% |
| Return on Assets (ROA) | -0.51% | -0.51% | -1.44% | 2.59% | 7.92% | 13.63% |
| Return on Invested Capital (ROIC) | -1.69% | -1.92% | -7.12% | 9.88% | 45.47% | 63.56% |
| Return on Capital Employed (ROCE) | -1.20% | -1.20% | -3.40% | 6.10% | 18.50% | 29.90% |
| Earnings Yield | -0.07% | -0.07% | -1.33% | |||
| FCF Yield | -21.19% | -21.06% | -3.51% | |||
| Payout Ratio | 148.96% | 58.02% | ||||
| Buyback Yield / Dilution | -2.53% | -2.53% | -6.33% |