Income Statement TechPrecision Corporation

Stocks

TPCS

US8787392005

Industrial Machinery & Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 11/06/2026 BST			5-day change	1st Jan Change
3.640 ^USD	+0.83%		-8.66%	-24.64%

02-18	TechPrecision Corporation, Q3 2026 Earnings Call, Feb 17, 2026
02-17	TechPrecision Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

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Published financial data: TECHPRECISION CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	15.6M	22.28M	31.43M	31.59M	34.03M
Total Revenues	15.6M	22.28M	31.43M	31.59M	34.03M
Cost of Goods Sold, Total	12.13M	18.91M	26.53M	27.47M	29.7M
Gross Profit	3.46M	3.38M	4.9M	4.12M	4.33M
Selling General & Admin Expenses, Total	2.84M	4.62M	6.01M	5.78M	6.07M
Other Operating Expenses, Total	2.84M	4.62M	6.01M	5.78M	6.07M
Operating Income	623K	-1.24M	-1.11M	-1.67M	-1.74M
Interest Expense, Total	-202K	-269K	-356K	-521K	-541K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-202K	-269K	-356K	-521K	-541K
Other Non Operating Income (Expenses)	4.6K	3.04K	33.72K	2.96K	-51K
EBT, Excl. Unusual Items	426K	-1.51M	-1.43M	-2.18M	-2.33M
Merger & Related Restructuring Charges	-	-320K	-	-1.85M	-
Gain (Loss) On Sale Of Assets	-	22.01K	-	-	-
Insurance Settlements	-	-	-	40.4K	-
Legal Settlements	-	10K	-	-	-
Other Unusual Items	-	1.25M	644K	-1.12M	-419K
EBT, Incl. Unusual Items	426K	-542K	-783K	-5.11M	-2.75M
Income Tax Expense	105K	-192K	196K	1.93M	-2K
Earnings From Continuing Operations	321K	-350K	-979K	-7.04M	-2.75M
Net Income to Company	321K	-350K	-979K	-7.04M	-2.75M
Net Income - (IS)	321K	-350K	-979K	-7.04M	-2.75M
Net Income to Common Incl Extra Items	321K	-350K	-979K	-7.04M	-2.75M
Net Income to Common Excl. Extra Items	321K	-350K	-979K	-7.04M	-2.75M
Per Share Items
Net EPS - Basic	0.04	-0.04	-0.11	-0.81	-0.29
Basic EPS - Continuing Operations	0.04	-0.04	-0.11	-0.81	-0.29
Basic Weighted Average Shares Outstanding	7.36M	8.1M	8.6M	8.72M	9.46M
Net EPS - Diluted	0.04	-0.04	-0.11	-0.81	-0.29
Diluted EPS - Continuing Operations	0.04	-0.04	-0.11	-0.81	-0.29
Diluted Weighted Average Shares Outstanding	7.76M	8.1M	8.6M	8.72M	9.46M
Normalized Basic EPS	0.04	-0.12	-0.1	-0.16	-0.15
Normalized Diluted EPS	0.03	-0.12	-0.1	-0.16	-0.15
Supplemental Items
EBITDA	1.32M	-144K	474K	96.08K	357K
EBITA	623K	-1.24M	-1.11M	-1.67M	-1.74M
EBIT	623K	-1.24M	-1.11M	-1.67M	-1.74M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	24.65	35.48	-24.97	-37.81	0.07
Current Domestic Taxes	-76.18K	-	-	1.04K	-2K
Total Current Taxes	-76.18K	-	-	1.04K	-2K
Deferred Domestic Taxes	181K	-192K	196K	1.93M	-
Total Deferred Taxes	181K	-192K	196K	1.93M	-
Normalized Net Income	266K	-942K	-892K	-1.36M	-1.46M
Interest Capitalized	-	-	14.3K	18.64K	1K
Interest on Long-Term Debt	202K	269K	356K	521K	542K
Supplemental Operating Expense Items
General and Administrative Expenses	1.18M	2.13M	3.18M	3.44M	3.58M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	180K	191K	253K	1.4M	522K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	180K	191K	253K	1.4M	522K

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.13M	1.05M	534K	138K	195K
Short Term Investments	-	-	21.71K	19.8K	30K
Total Cash And Short Term Investments	2.13M	1.05M	556K	158K	225K
Accounts Receivable, Total	6.14M	11.36M	11.28M	10.9M	11.78M
Other Receivables	-	1.09M	-	-	-
Total Receivables	6.14M	12.45M	11.28M	10.9M	11.78M
Inventory	1.27M	2.23M	2.41M	3.25M	2.88M
Prepaid Expenses	339K	297K	323K	501K	430K
Other Current Assets, Total	40.8K	30.77K	4.56K	43.12K	30K
Total Current Assets	9.92M	16.07M	14.58M	14.85M	15.35M
Gross Property Plant And Equipment	14.1M	31.03M	33.27M	35.84M	36.85M
Accumulated Depreciation	-10.04M	-11.5M	-13.69M	-16.06M	-18.79M
Net Property Plant And Equipment	4.06M	19.54M	19.57M	19.78M	18.06M
Deferred Tax Assets Long-Term	1.93M	2.13M	1.93M	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	84.62K	121K	121K	121K	122K
Total Assets	16M	37.85M	36.21M	34.75M	33.53M
Liabilities
Accounts Payable, Total	501K	3.43M	2.22M	1.41M	2.44M
Accrued Expenses, Total	752K	1.61M	1.73M	2.89M	1.98M
Current Portion of Long-Term Debt	2.47M	4.09M	1.22M	7.56M	7.35M
Current Portion of Leases	8.56K	594K	712K	736K	770K
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	218K	1.77M	2.33M	3.79M	1.04M
Other Current Liabilities	774K	1.83M	800K	1.37M	3.34M
Total Current Liabilities	4.72M	13.31M	9.02M	17.75M	16.92M
Long-Term Debt	1.3M	3.11M	4.75M	-	3K
Long-Term Leases	37.11K	5.85M	5.14M	4.41M	3.64M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	305K	2.7M	4.78M	4.23M
Total Liabilities	6.06M	22.59M	21.61M	26.94M	24.79M
Common Stock, Total	2.95K	3.43K	861	878	1K
Additional Paid In Capital	8.94M	14.64M	14.95M	15.2M	18.88M
Retained Earnings	972K	623K	-356K	-7.4M	-10.15M
Comprehensive Income and Other	21.84K	-	-	-	-
Total Common Equity	9.94M	15.26M	14.59M	7.8M	8.74M
Total Equity	9.94M	15.26M	14.59M	7.8M	8.74M
Total Liabilities And Equity	16M	37.85M	36.21M	34.75M	33.53M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.37M	8.58M	8.61M	9.62M	9.78M
ECS Total Common Shares Outstanding	7.37M	8.58M	8.61M	8.78M	9.75M
Book Value / Share	1.35	1.78	1.69	0.89	0.9
Tangible Book Value	9.94M	15.26M	14.59M	7.8M	8.74M
Tangible Book Value Per Share	1.35	1.78	1.69	0.89	0.9
Total Debt	3.82M	13.66M	11.82M	12.7M	11.76M
Net Debt	1.69M	12.6M	11.27M	12.54M	11.54M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	504K	875K	1.69M	1.83M	1.8M
Inventories - Work In Process, Total	768K	1.36M	720K	1.42M	1.08M
Land - (BS)	110K	110K	110K	110K	110K
Buildings, Total	3.25M	3.29M	3.29M	3.29M	3.29M
Machinery, Total	10.7M	20.86M	23.02M	25.59M	26.6M
Full Time Employees	93	159	155	162	152
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	53K
Order Backlog	18.6M	47.3M	44M	50M	48.62M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	321K	-350K	-979K	-7.04M	-2.75M
Depreciation & Amortization - CF	704K	1.46M	2.22M	2.43M	2.8M
Depreciation & Amortization, Total	704K	1.46M	2.22M	2.43M	2.8M
Amortization of Deferred Charges, Total - (CF)	51.4K	48.25K	59.92K	107K	103K
(Gain) Loss From Sale Of Asset	-1.42K	-	-468	-39.13K	1K
Stock-Based Compensation (CF)	180K	191K	253K	285K	103K
Provision and Write-off of Bad Debts	-121K	-223K	-237K	190K	139K
Other Operating Activities, Total	181K	-1.46M	188K	3.05M	419K
Change In Accounts Receivable	-646K	170K	75.19K	386K	-850K
Change In Inventories	-53.54K	-42.49K	-178K	-837K	368K
Change In Accounts Payable	316K	246K	-1.2M	-816K	1.03M
Change in Unearned Revenues	-587K	1.39M	568K	1.45M	-1.12M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	292K	-1.17M	2.37M	2.14M	-842K
Cash from Operations	636K	258K	3.14M	1.3M	-599K
Capital Expenditure	-618K	-939K	-2.33M	-3.23M	-4.12M
Sale of Property, Plant, and Equipment	9.58K	-	7K	-	-
Cash Acquisitions	-	-7.8M	-	-	-
Other Investing Activities, Total	-	-	-	61.94K	3.04M
Cash from Investing	-608K	-8.73M	-2.32M	-3.17M	-1.08M
Short Term Debt Issued, Total	1M	-	-	-	-
Long-Term Debt Issued, Total	1.32M	8.61M	10.89M	7.16M	13.94M
Total Debt Issued	2.32M	8.61M	10.89M	7.16M	13.94M
Short Term Debt Repaid, Total	-1M	-	-	-	-
Long-Term Debt Repaid, Total	-120K	-4.23M	-12.16M	-5.64M	-14.17M
Total Debt Repaid	-1.12M	-4.23M	-12.16M	-5.64M	-14.17M
Issuance of Common Stock	-	3.52M	-	-	2.3M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-24.61K	-505K	-57.72K	-50.36K	-329K
Cash from Financing	1.17M	7.4M	-1.34M	1.47M	1.74M
Foreign Exchange Rate Adjustments	-113	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Change in Cash	1.2M	-1.08M	-518K	-396K	57K
Supplemental Items
Cash Interest Paid	135K	237K	288K	414K	438K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-191K	-1.03M	-1.27M	1.04M	-3.22M
Unlevered Free Cash Flow	-116K	-905K	-1.11M	1.26M	-2.99M
Change In Net Working Capital	772K	842K	567K	-1.7M	1.1M
Net Debt Issued / Repaid	1.2M	4.38M	-1.28M	1.52M	-233K

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.55	-2.88	-1.87	-2.93	-3.18
Return on Total Capital	3.02	-3.64	-2.5	-4.44	-5.3
Return On Equity %	3.3	-2.78	-6.56	-62.88	-33.22
Return on Common Equity	3.3	-2.78	-6.56	-62.88	-33.22
Margin Analysis
Gross Profit Margin %	22.21	15.15	15.6	13.04	12.72
SG&A Margin	18.22	20.73	19.12	18.31	17.83
EBITDA Margin %	8.49	-0.65	1.51	0.3	1.05
EBITA Margin %	4	-5.57	-3.52	-5.27	-5.11
EBIT Margin %	4	-5.57	-3.52	-5.27	-5.11
Income From Continuing Operations Margin %	2.06	-1.57	-3.11	-22.29	-8.07
Net Income Margin %	2.06	-1.57	-3.11	-22.29	-8.07
Net Avail. For Common Margin %	2.06	-1.57	-3.11	-22.29	-8.07
Normalized Net Income Margin	1.71	-4.23	-2.84	-4.32	-4.28
Levered Free Cash Flow Margin	-1.22	-4.6	-4.05	3.3	-9.46
Unlevered Free Cash Flow Margin	-0.74	-4.06	-3.54	3.99	-8.77
Asset Turnover
Asset Turnover	1.02	0.83	0.85	0.89	1
Fixed Assets Turnover	3.78	1.89	1.61	1.61	1.8
Receivables Turnover (Average Receivables)	2.68	2.55	2.78	2.85	3
Inventory Turnover (Average Inventory)	9.75	10.79	11.42	9.7	9.69
Short Term Liquidity
Current Ratio	2.1	1.21	1.62	0.84	0.91
Quick Ratio	1.75	1.01	1.31	0.62	0.71
Operating Cash Flow to Current Liabilities	0.13	0.02	0.35	0.07	-0.04
Days Sales Outstanding (Average Receivables)	136.16	143.33	131.48	128.5	121.61
Days Outstanding Inventory (Average Inventory)	37.44	33.84	31.97	37.72	37.68
Average Days Payable Outstanding	10.27	36.08	38.62	23.48	23.92
Cash Conversion Cycle (Average Days)	163.32	141.09	124.83	142.73	135.37
Long Term Solvency
Total Debt/Equity	38.39	89.46	81.01	162.79	134.6
Total Debt / Total Capital	27.74	47.22	44.76	61.95	57.37
LT Debt/Equity	13.5	58.76	67.79	56.49	41.66
Long-Term Debt / Total Capital	9.75	31.01	37.45	21.5	17.76
Total Liabilities / Total Assets	37.88	59.68	59.69	77.54	73.93
EBIT / Interest Expense	3.08	-4.61	-3.11	-3.2	-3.21
EBITDA / Interest Expense	6.56	0.49	1.33	0.18	0.66
(EBITDA - Capex) / Interest Expense	3.51	-3	-5.21	-6.01	-6.96
Total Debt / EBITDA	2.88	104.28	24.97	132.21	32.95
Net Debt / EBITDA	1.27	96.25	23.79	130.57	32.32
Total Debt / (EBITDA - Capex)	5.38	-16.9	-6.38	-4.05	-3.12
Net Debt / (EBITDA - Capex)	2.38	-15.6	-6.08	-4	-3.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.57	42.88	41.06	0.51	7.72
Gross Profit, 1 Yr. Growth %	10.36	-2.53	45.23	-16.02	5.12
EBITDA, 1 Yr. Growth %	23.87	-107.91	-428.16	-79.71	271.88
EBITA, 1 Yr. Growth %	76.2	-210.53	-10.98	50.67	4.44
EBIT, 1 Yr. Growth %	76.2	-210.53	-10.98	50.67	4.44
Earnings From Cont. Operations, 1 Yr. Growth %	-193.87	-209.11	179.85	619.32	-60.98
Net Income, 1 Yr. Growth %	-193.87	-209.11	179.85	619.32	-60.98
Normalized Net Income, 1 Yr. Growth %	560.83	-262.92	-5.36	52.99	8.77
Diluted EPS Before Extra, 1 Yr. Growth %	-185.66	-208.04	163.54	611.21	-64.04
Accounts Receivable, 1 Yr. Growth %	11.75	84.99	-0.66	-3.42	8.08
Inventory, 1 Yr. Growth %	4.4	75.8	7.96	34.7	-11.32
Net Property, Plant and Equip., 1 Yr. Growth %	-2.86	380.82	0.2	1.03	-8.68
Total Assets, 1 Yr. Growth %	9.76	136.52	-4.35	-4.04	-3.51
Tangible Book Value, 1 Yr. Growth %	4.99	53.53	-4.39	-46.53	12.01
Common Equity, 1 Yr. Growth %	4.99	53.53	-4.39	-46.53	12.01
Cash From Operations, 1 Yr. Growth %	-6.05	-59.45	1.12K	-58.42	-182.28
Capital Expenditures, 1 Yr. Growth %	1.45K	52.06	147.63	38.92	27.62
Levered Free Cash Flow, 1 Yr. Growth %	-116.94	-942.87	26.88	-185.49	-409.17
Unlevered Free Cash Flow, 1 Yr. Growth %	-109.25	-560.24	25.76	-219.37	-336.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.37	17.98	41.97	19.07	4.05
Gross Profit, 2 Yr. CAGR %	-13.07	3.71	18.97	10.44	-6.04
EBITDA, 2 Yr. CAGR %	-28.48	-63.25	-49.04	-18.4	-13.17
EBITA, 2 Yr. CAGR %	-41.77	87.35	-0.81	15.81	25.44
EBIT, 2 Yr. CAGR %	-41.77	87.35	-0.81	15.81	25.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-46.03	1.2	74.74	348.67	67.54
Net Income, 2 Yr. CAGR %	-46.03	1.2	74.74	348.67	67.54
Normalized Net Income, 2 Yr. CAGR %	-46.6	383.92	24.18	20.33	27.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-48.78	-3.8	68.74	332.94	59.71
Accounts Receivable, 2 Yr. CAGR %	6.62	43.78	35.56	-2.05	2.17
Inventory, 2 Yr. CAGR %	1.24	35.47	37.77	20.59	9.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-8.57	116.12	119.49	0.61	-3.95
Total Assets, 2 Yr. CAGR %	-0.14	61.12	50.41	-4.19	-3.77
Tangible Book Value, 2 Yr. CAGR %	1.18	26.96	21.16	-28.5	-22.61
Common Equity, 2 Yr. CAGR %	1.18	26.96	21.16	-28.5	-22.61
Cash From Operations, 2 Yr. CAGR %	9.4	-38.28	122.15	124.96	-56.31
Capital Expenditures, 2 Yr. CAGR %	17.58	385.54	94.05	85.47	33.14
Levered Free Cash Flow, 2 Yr. CAGR %	-43.33	-4.57	223.64	1.82	62.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	-47.97	-14.95	137.76	19.38	68.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.92	10.08	25.22	26.53	15.16
Gross Profit, 3 Yr. CAGR %	-4.49	-9.69	16.03	5.93	8.64
EBITDA, 3 Yr. CAGR %	-7.49	-61.8	-23.76	-62.51	35.25
EBITA, 3 Yr. CAGR %	-13.63	-12.26	46.19	14.03	11.89
EBIT, 3 Yr. CAGR %	-13.63	-12.26	46.19	14.03	11.89
Earnings From Cont. Operations, 3 Yr. CAGR %	6.44	-31.76	42.05	180.05	98.79
Net Income, 3 Yr. CAGR %	6.44	-31.76	42.05	180.05	98.79
Normalized Net Income, 3 Yr. CAGR %	-8.67	0.35	180.9	33.12	15.63
Diluted EPS Before Extra, 3 Yr. CAGR %	0	-34.31	34.61	172.57	88.73
Accounts Receivable, 3 Yr. CAGR %	50.68	28.12	27.11	21.07	1.22
Inventory, 3 Yr. CAGR %	-15.25	21.68	25.6	36.74	8.85
Net Property, Plant and Equip., 3 Yr. CAGR %	-7.91	59	67.27	69.47	-2.59
Total Assets, 3 Yr. CAGR %	3.88	33.12	35.42	29.49	-3.96
Tangible Book Value, 3 Yr. CAGR %	7.46	16.27	15.51	-7.76	-16.96
Common Equity, 3 Yr. CAGR %	7.46	16.27	15.51	-7.76	-16.96
Cash From Operations, 3 Yr. CAGR %	-20.3	-21.42	66.75	27.08	32.44
Capital Expenditures, 3 Yr. CAGR %	-14.69	28.1	287.93	73.59	63.74
Levered Free Cash Flow, 3 Yr. CAGR %	68.02	19.96	4.21	104.56	47.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.26	28.41	-3.87	85.72	50.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.54	3.73	10.91	13.59	16.28
Gross Profit, 5 Yr. CAGR %	-8.81	-11.14	4.28	-2.12	6.64
EBITDA, 5 Yr. CAGR %	-14.26	-43.24	-22.3	-48.25	-19.69
EBITA, 5 Yr. CAGR %	-21.63	-6.73	2.7	-1.95	37.51
EBIT, 5 Yr. CAGR %	-21.63	-6.73	2.7	-1.95	37.51
Earnings From Cont. Operations, 5 Yr. CAGR %	-25.08	-41.44	29.78	44.95	51.74
Net Income, 5 Yr. CAGR %	-25.08	-41.44	29.78	44.95	51.74
Normalized Net Income, 5 Yr. CAGR %	-20.71	6.06	20.64	7.91	105
Diluted EPS Before Extra, 5 Yr. CAGR %	-27.52	-43.03	23.28	39.66	44.14
Accounts Receivable, 5 Yr. CAGR %	24.87	43.44	44.44	15.07	16.47
Inventory, 5 Yr. CAGR %	58.12	73.59	2.93	21.24	18.81
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.34	31.8	30.35	32.4	33.98
Total Assets, 5 Yr. CAGR %	5.78	19.58	20.45	16.71	18.12
Tangible Book Value, 5 Yr. CAGR %	41.9	13.88	12.74	-4.28	-1.59
Common Equity, 5 Yr. CAGR %	41.9	13.88	12.74	-4.28	-1.59
Cash From Operations, 5 Yr. CAGR %	-9.51	-31.66	20.09	19.69	-2.41
Capital Expenditures, 5 Yr. CAGR %	22.74	3.57	18.51	48.54	152.92
Levered Free Cash Flow, 5 Yr. CAGR %	-32.52	10.06	99.6	11.88	23.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	-40.81	22.08	37.26	24.13	18.99