NASDAQ : TURB
Turbo Energy, S.A. — Financial statements
Technology · Solar · Spain
Last price 0.8501 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.69M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Turbo Energy, S.A. (TURB) reported revenue of 29.46M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 29.46M | 19.87M | 9.42M | 13.10M | 31.15M | 17.15M |
| Cost of Revenue | 24.45M | 16.09M | 9.08M | 12.04M | 26.55M | 14.90M |
| Gross Profit | 5.01M | 3.79M | 336.28K | 1.06M | 4.60M | 2.25M |
| Selling, General & Admin | 4.12M | 4.66M | 4.39M | 3.65M | 2.91M | 1.67M |
| Other Operating Expenses | -48.34K | -111.97K | -221.39K | -37.09K | -2.30K | -548.00 |
| Operating Expenses | 4.05M | 4.50M | 4.31M | 3.70M | 2.93M | 1.78M |
| Operating Income | 957.12K | -717.70K | -3.97M | -2.64M | 1.67M | 477.50K |
| Interest Expense | -848.11K | -668.03K | -382.36K | -406.03K | -308.98K | -138.21K |
| Interest & Investment Income | 3.46K | 63.12K | 444.00 | |||
| Currency Exchange Gain (Loss) | -160.54K | -132.83K | 4.52K | -82.88K | 32.38K | 8.94K |
| Other Non Operating Income (Expenses) | 12.96K | 13.17K | -1.00 | 890.00 | ||
| EBT Excluding Unusual Items | -38.57K | -1.50M | -4.29M | -3.13M | 1.40M | 348.22K |
| Gain (Loss) on Sale of Assets | -42.76K | -42.76K | ||||
| Other Unusual Items | -2.13M | |||||
| Pretax Income | -81.33K | -1.54M | -4.48M | -3.13M | 1.40M | 348.22K |
| Income Tax Expense | -388.38K | -388.38K | -1.14M | -1.12M | 366.51K | 81.00K |
| Net Income | 307.05K | -1.16M | -3.34M | -2.01M | 1.03M | 267.22K |
| Net Income to Common | 307.05K | -1.16M | -3.34M | -2.01M | 1.03M | 267.22K |
| Shares Outstanding (Basic) | 11.45M | 11.02M | 11.02M | 10.29M | 10.02M | 10.02M |
| Shares Outstanding (Diluted) | 11.62M | 11.02M | 11.02M | 10.29M | 10.02M | 10.02M |
| EPS (Basic) | 0.03 | -0.10 | -0.30 | -0.20 | 0.10 | 0.03 |
| EPS (Diluted) | 0.03 | -0.10 | -0.30 | -0.20 | 0.10 | 0.03 |
| Free Cash Flow | -4.22M | -1.91M | 860.36K | 154.82K | -5.78M | 53.73K |
| Free Cash Flow Per Share | -0.36 | -0.17 | 0.08 | 0.01 | -0.58 | 0.01 |
| Gross Margin | 17.00% | 19.05% | 3.57% | 8.09% | 14.77% | 13.14% |
| Operating Margin | 3.25% | -3.61% | -42.17% | -20.16% | 5.36% | 2.78% |
| Profit Margin | 1.04% | -5.82% | -35.44% | -15.37% | 3.30% | 1.56% |
| Free Cash Flow Margin | -14.31% | -9.59% | 9.14% | 1.18% | -18.56% | 0.31% |
| EBITDA | 1.42M | -450.69K | -3.91M | -2.57M | 1.68M | 480.49K |
| EBITDA Margin | 4.83% | -2.27% | -41.52% | -19.63% | 5.38% | 2.80% |
| D&A For EBITDA | 467.34K | 267.00K | 61.50K | 69.41K | 5.93K | 3.00K |
| EBIT | 957.12K | -717.70K | -3.97M | -2.64M | 1.67M | 477.50K |
| EBIT Margin | 3.25% | -3.61% | -42.17% | -20.16% | 5.36% | 2.78% |
| Effective Tax Rate | 26.27% | 23.26% | ||||
| Revenue as Reported | 29.51M | 19.99M | 9.64M | 13.14M | 31.15M | 17.15M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 503.59K | 493.13K | 2.38M | 620.53K | 502.58K | 616.45K |
| Short-Term Investments | 157.28K | 326.37K | 164.78K | 2.05M | 2.55K | |
| Cash & Short-Term Investments | 660.87K | 819.50K | 2.55M | 2.67M | 505.13K | 616.45K |
| Accounts Receivable | 8.95M | 11.81M | 2.96M | 3.51M | 3.21M | 3.12M |
| Other Receivables | 139.34K | 81.21K | 97.61K | 309.58K | 63.23K | 29.50K |
| Receivables | 9.09M | 11.89M | 3.06M | 3.82M | 3.28M | 3.17M |
| Inventory | 8.37M | 6.78M | 2.72M | 6.37M | 10.74M | 5.16M |
| Prepaid Expenses | 156.24K | 289.96K | 219.01K | 230.03K | 61.04K | 17.40K |
| Other Current Assets | 14.11K | 14.62K | 29.51K | 29.50K | 42.38K | |
| Total Current Assets | 18.30M | 19.80M | 8.58M | 13.12M | 14.62M | 8.96M |
| Property, Plant & Equipment | 219.92K | 236.41K | 309.17K | 214.02K | 244.59K | 79.30K |
| Other Intangible Assets | 1.88M | 2.10M | 1.71M | 835.71K | 369.01K | 106.79K |
| Long-Term Deferred Tax Assets | 2.27M | 2.27M | 2.04M | 1.06M | ||
| Other Long-Term Assets | 4.03K | |||||
| Total Assets | 22.67M | 24.41M | 12.65M | 15.23M | 15.24M | 9.15M |
| Accounts Payable | 5.48M | 12.28M | 2.08M | 1.97M | 2.65M | 3.11M |
| Accrued Expenses | 809.26K | 532.28K | 128.17K | 125.84K | 83.39K | 535.45K |
| Short-Term Debt | 852.48K | 5.53M | 6.18M | 7.46M | 7.78M | 3.96M |
| Current Portion of Long-Term Debt | 1.43M | 253.73K | 182.17K | 233.92K | 232.09K | 250.25K |
| Current Portion of Leases | 10.16K | 12.20K | 32.37K | 37.58K | 55.96K | 15.50K |
| Current Income Taxes Payable | 32.66K | |||||
| Other Current Liabilities | 3.17M | 2.10M | 608.36K | -1.52K | 156.97K | 263.55K |
| Total Current Liabilities | 11.75M | 20.71M | 9.21M | 9.82M | 10.96M | 8.17M |
| Long-Term Debt | 5.37M | 2.06M | 774.47K | 94.31K | 324.29K | 554.66K |
| Long-Term Leases | 6.07K | 10.06K | 3.96K | 18.49K | 39.10K | 41.24K |
| Long-Term Deferred Tax Liabilities | 30.59K | 30.59K | 33.34K | 32.78K | ||
| Total Liabilities | 17.15M | 22.81M | 10.02M | 9.97M | 11.32M | 8.76M |
| Common Stock | 3.14M | 2.75M | 2.75M | 2.75M | 2.50M | 4.29K |
| Additional Paid-In Capital | 7.40M | 3.94M | 3.81M | 3.10M | ||
| Retained Earnings | -5.03M | -5.10M | -3.94M | -601.94K | 1.41M | 383.27K |
| Shareholders' Equity | 5.52M | 1.60M | 2.62M | 5.26M | 3.92M | 387.55K |
| Total Liabilities & Equity | 22.67M | 24.41M | 12.65M | 15.23M | 15.24M | 9.15M |
| Total Debt | 7.67M | 7.87M | 7.17M | 7.85M | 8.43M | 4.82M |
| Net Cash (Debt) | -7.00M | -7.05M | -4.62M | -5.18M | -7.92M | -4.20M |
| Net Cash Per Share | -0.60 | -0.64 | -0.42 | -0.50 | -0.79 | -0.42 |
| Filing Date Shares Outstanding | 12.58M | 11.02M | 11.02M | 11.02M | 10.02M | 10.02M |
| Total Common Shares Outstanding | 12.58M | 11.02M | 11.02M | 11.02M | 10.02M | 17.14K |
| Working Capital | 6.55M | -910.13K | -630.26K | 3.30M | 3.67M | 793.34K |
| Book Value Per Share | 0.44 | 0.15 | 0.24 | 0.48 | 0.39 | 22.61 |
| Tangible Book Value | 3.64M | -502.51K | 910.96K | 4.42M | 3.55M | 280.76K |
| Tangible Book Value Per Share | 0.29 | -0.05 | 0.08 | 0.40 | 0.35 | 16.38 |
| Machinery | 287.44K | 287.44K | 320.68K | 194.09K | 166.06K | 32.92K |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 307.05K | -1.16M | -3.34M | -2.01M | 1.03M | 267.22K |
| Depreciation & Amortization | 480.23K | 312.16K | 123.07K | 127.93K | 42.28K | 18.89K |
| Loss (Gain) From Sale of Assets | 42.76K | 42.76K | ||||
| Stock-Based Compensation | 135.55K | 132.01K | 103.81K | |||
| Provision & Write-off of Bad Debts | -20.63K | -44.32K | 138.94K | 84.39K | 19.46K | 102.97K |
| Other Operating Activities | -387.68K | -385.80K | -946.72K | -802.11K | 367.14K | 135.69K |
| Change in Accounts Receivable | -2.26M | 1.23M | -843.99K | 832.13K | -56.13K | -1.80M |
| Change in Inventory | -2.24M | -1.49M | 3.44M | 4.21M | -6.78M | 95.61K |
| Change in Accounts Payable | 4.67M | 9.74M | 867.26K | -609.31K | -718.80K | 2.70M |
| Change in Income Taxes | 578.32K | -364.09K | -81.00K | |||
| Change in Other Net Operating Assets | -5.09M | -10.43M | 1.29M | -1.74M | 818.91K | -1.37M |
| Operating Cash Flow | -4.22M | -1.90M | 986.95K | 182.84K | -5.65M | 71.60K |
| Capital Expenditures | 260.00 | -8.75K | -126.59K | -28.02K | -133.14K | -17.87K |
| Sale (Purchase) of Intangibles | -205.67K | -631.29K | -926.95K | -516.68K | -261.92K | -106.79K |
| Investment in Securities | 17.49K | 17.49K | 1.99M | -2.04M | ||
| Investing Cash Flow | -187.92K | -622.55K | 938.46K | -2.59M | -395.06K | -124.66K |
| Short-Term Debt Issued | 212.16K | 799.11K | 4.21M | 320.77K | 927.02K | |
| Long-Term Debt Issued | 1.90M | 1.48M | 3.82M | 1.00M | ||
| Total Debt Issued | 267.40K | 2.11M | 2.28M | 4.21M | 4.14M | 1.93M |
| Short-Term Debt Repaid | -1.12M | -2.14M | -640.33K | -355.59K | -1.02M | |
| Long-Term Debt Repaid | -357.78K | -301.48K | -4.41M | -285.57K | -299.50K | |
| Lease Payments | -13.91K | -47.94K | -64.00K | -60.52K | -37.04K | -16.24K |
| Total Debt Repaid | -509.57K | -1.48M | -2.44M | -5.05M | -641.15K | -1.31M |
| Net Debt Issued (Repaid) | -242.17K | 628.95K | -161.31K | -830.92K | 3.50M | 616.83K |
| Issuance of Common Stock | 3.79M | 3.35M | 2.50M | |||
| Common Dividends Paid | -72.00K | -250.00K | ||||
| Financing Cash Flow | 3.54M | 628.95K | -161.31K | 2.52M | 5.93M | 366.83K |
| Net Cash Flow | -860.47K | -1.89M | 1.76M | 117.95K | -113.86K | 313.77K |
| Free Cash Flow | -4.22M | -1.91M | 860.36K | 154.82K | -5.78M | 53.73K |
| Free Cash Flow Margin | -14.31% | -9.59% | 9.14% | 1.18% | -18.56% | 0.31% |
| Free Cash Flow Per Share | -0.36 | -0.17 | 0.08 | 0.01 | -0.58 | 0.01 |
| Levered Free Cash Flow | -4.43M | -1.92M | 1.60M | 542.68K | -6.33M | |
| Unlevered Free Cash Flow | -3.90M | -1.50M | 1.84M | 796.45K | -6.14M | |
| Free Cash Flow After Leases | -4.23M | -1.95M | 796.36K | 94.30K | -5.82M | 37.49K |
| Cash Interest Paid | 226.72K | 174.60K | 168.03K | 404.09K | 202.37K | 90.11K |
| Cash Income Tax Paid | 405.35K | 116.92K | ||||
| Change in Working Capital | -4.77M | -798.40K | 4.90M | 2.79M | -7.10M | -453.16K |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.31M | 10.16M | 23.80M | 13.11M | ||
| Enterprise Value | 18.31M | 17.69M | 24.68M | 20.96M | ||
| Last Close Price | 0.85 | 0.92 | 2.16 | 1.19 | ||
| PS Ratio | 0.33 | 0.43 | 2.44 | 0.91 | ||
| PB Ratio | 1.70 | 5.41 | 8.76 | 2.26 | ||
| P/TBV Ratio | 2.63 | 25.23 | 2.68 | |||
| P/FCF Ratio | 26.72 | 76.61 | ||||
| P/OCF Ratio | 23.29 | 64.87 | ||||
| EV/Sales Ratio | 0.56 | 0.76 | 2.53 | 1.45 | ||
| EV/FCF Ratio | 27.71 | 122.48 | ||||
| Debt / Equity Ratio | 1.39 | 4.92 | 2.73 | 1.49 | 2.15 | 12.44 |
| Debt / EBITDA Ratio | 5.33 | 4.92 | 9.71 | |||
| Debt / FCF Ratio | 8.34 | 50.68 | 89.69 | |||
| Net Debt / Equity Ratio | 1.27 | 4.41 | 1.76 | 0.98 | 2.02 | 10.84 |
| Net Debt / EBITDA Ratio | 4.92 | -15.64 | -1.18 | -2.01 | 4.73 | 8.75 |
| Net Debt / FCF Ratio | -1.66 | -3.70 | 5.37 | 33.45 | -1.37 | 78.22 |
| Asset Turnover | 1.72 | 1.07 | 0.68 | 0.86 | 2.56 | |
| Inventory Turnover | 3.98 | 3.38 | 2.00 | 1.41 | 3.34 | |
| Quick Ratio | 0.83 | 0.61 | 0.61 | 0.66 | 0.34 | 0.46 |
| Current Ratio | 1.56 | 0.96 | 0.93 | 1.34 | 1.33 | 1.10 |
| Return on Equity (ROE) | 9.02% | -54.75% | -84.68% | -43.91% | 47.80% | |
| Return on Assets (ROA) | 3.49% | -2.42% | -17.81% | -10.84% | 8.57% | |
| Return on Invested Capital (ROIC) | 7.64% | -9.03% | -44.92% | -23.72% | 14.99% | 7.98% |
| Return on Capital Employed (ROCE) | 8.80% | -19.40% | -115.60% | -48.90% | 39.00% | 48.60% |
| Earnings Yield | 3.74% | -13.36% | -14.52% | -16.98% | ||
| FCF Yield | -43.21% | -22.03% | 3.74% | 1.31% | ||
| Payout Ratio | 7.00% | 93.55% | ||||
| Buyback Yield / Dilution | -5.50% | -7.03% | -2.76% |