Income Statement TPIsoftware Corporation

Stocks

7781

TW0007781007

Software

End-of-day quote Taipei Exchange Other stock markets 23/07/2026			5-day change	1st Jan Change
23.80 ^TWD	-1.65%		-11.85%	+428.89%

04-14	TPIsoftware Corporation Reports Earnings Results for the Full Year Ended December 31, 2025	CI
14/08/25	TPIsoftware Corporation Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: TPISOFTWARE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022	2023	2024	2025
Revenues	525M	776M	844M	719M
Total Revenues	525M	776M	844M	719M
Cost of Goods Sold, Total	557M	481M	737M	534M
Gross Profit	-32.29M	295M	106M	185M
Selling General & Admin Expenses, Total	200M	265M	429M	374M
Provision for Bad Debts	476K	4.25M	32.6M	-8.78M
R&D Expenses	22.7M	42.94M	81.39M	76.03M
Other Operating Expenses, Total	224M	312M	543M	441M
Operating Income	-256M	-17.67M	-436M	-256M
Interest Expense, Total	-12.5M	-9.82M	-2.46M	-6.24M
Interest And Investment Income	426K	1.76M	3.87M	969K
Net Interest Expenses	-12.08M	-8.07M	1.41M	-5.27M
Currency Exchange Gains (Loss)	-49K	-698K	1.41M	-1.78M
Other Non Operating Income (Expenses)	6.85M	3.07M	1.51M	10.44M
EBT, Excl. Unusual Items	-261M	-23.36M	-432M	-253M
Gain (Loss) On Sale Of Investments	-	-	-	-469K
Gain (Loss) On Sale Of Assets	-144K	-779K	-	-3.62M
Other Unusual Items	-	-	-	207K
EBT, Incl. Unusual Items	-261M	-24.14M	-432M	-256M
Income Tax Expense	22K	-4M	2.54M	-5.09M
Earnings From Continuing Operations	-261M	-20.15M	-434M	-251M
Net Income to Company	-261M	-20.15M	-434M	-251M
Net Income - (IS)	-261M	-20.15M	-434M	-251M
Net Income to Common Incl Extra Items	-261M	-20.15M	-434M	-251M
Net Income to Common Excl. Extra Items	-261M	-20.15M	-434M	-251M
Per Share Items
Net EPS - Basic	-1.12	-0.05	-0.79	-0.45
Basic EPS - Continuing Operations	-1.12	-0.05	-0.79	-0.45
Basic Weighted Average Shares Outstanding	234M	397M	547M	560M
Net EPS - Diluted	-1.12	-0.05	-0.79	-0.45
Diluted EPS - Continuing Operations	-1.12	-0.05	-0.79	-0.45
Diluted Weighted Average Shares Outstanding	234M	397M	547M	560M
Normalized Basic EPS	-0.7	-0.04	-0.49	-0.28
Normalized Diluted EPS	-0.7	-0.04	-0.49	-0.28
Supplemental Items
EBITDA	-230M	13.02M	-424M	-236M
EBITA	-255M	-16.89M	-436M	-249M
EBIT	-256M	-17.67M	-436M	-256M
EBITDAR	-	-	-420M	-230M
Effective Tax Rate - (Ratio)	-0.01	16.55	-0.59	1.98
Total Current Taxes	-	-	2.04M	530K
Total Deferred Taxes	-	-	502K	-5.62M
Normalized Net Income	-163M	-14.6M	-270M	-158M
Interest on Long-Term Debt	1.36M	1.69M	971K	1.12M
Supplemental Operating Expense Items
Selling and Marketing Expenses	23.24M	29.2M	94.33M	117M
General and Administrative Expenses	177M	236M	334M	256M
Research And Development Expense From Footnotes	22.7M	42.94M	81.39M	76.03M
Net Rental Expense, Total	-	-	4.04M	6.01M
Imputed Operating Lease Interest Expense	-	-	1.09M	1.31M
Imputed Operating Lease Depreciation	-	-	2.95M	4.7M
Stock-Based Comp., Other (Total)	-	11.58M	78.27M	375K
Total Stock-Based Compensation	-	11.58M	78.27M	375K

Fiscal Period: December	2022	2023	2024	2025
Assets
Cash And Equivalents	183M	307M	348M	195M
Short Term Investments	-	613K	-	-
Total Cash And Short Term Investments	183M	308M	348M	195M
Accounts Receivable, Total	58.59M	241M	296M	254M
Other Receivables	432K	2.41M	655K	2.19M
Notes Receivable	4M	-	-	-
Total Receivables	63.02M	243M	297M	256M
Inventory	68.96M	87.85M	14.97M	9.77M
Prepaid Expenses	5.9M	696K	2.27M	6.63M
Other Current Assets, Total	46.06M	19.61M	3.94M	48.52M
Total Current Assets	367M	659M	666M	516M
Gross Property Plant And Equipment	166M	173M	169M	245M
Accumulated Depreciation	-31.17M	-39.63M	-51.84M	-58.68M
Net Property Plant And Equipment	135M	133M	117M	186M
Long-term Investments	1.5M	-	-	-
Goodwill	-	-	-	76.89M
Other Intangibles, Total	2.67M	3.49M	2.82M	46.43M
Deferred Tax Assets Long-Term	14.38M	18.92M	18.73M	25.23M
Other Long-Term Assets, Total	36.02M	29.54M	128M	53.63M
Total Assets	557M	845M	933M	904M
Liabilities
Accounts Payable, Total	73.23M	45.04M	38.88M	82.87M
Short-term Borrowings	415M	46.99M	-	303M
Current Portion of Long-Term Debt	11.02M	7.05M	3.59M	2.25M
Current Portion of Leases	17.68M	15.9M	14.52M	19.21M
Current Income Taxes Payable	1K	-	9K	14K
Unearned Revenue Current, Total	-	-	5.32M	21.67M
Other Current Liabilities	105M	123M	230M	130M
Total Current Liabilities	622M	238M	292M	559M
Long-Term Debt	47.51M	14.85M	6.27M	4.02M
Long-Term Leases	25.8M	24.41M	12.62M	92.43M
Deferred Tax Liability Non Current	777K	777K	1.04M	952K
Other Non Current Liabilities	1.59M	15K	240K	164K
Total Liabilities	698M	278M	312M	657M
Common Stock, Total	147M	263M	287M	287M
Additional Paid In Capital	228M	867M	792M	310M
Retained Earnings	-539M	-482M	-482M	-251M
Treasury Stock	-	-105M	-	-118M
Comprehensive Income and Other	22.96M	23.91M	23.74M	19.85M
Total Common Equity	-141M	567M	620M	247M
Total Equity	-141M	567M	620M	247M
Total Liabilities And Equity	557M	845M	933M	904M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	234M	499M	574M	558M
ECS Total Common Shares Outstanding	234M	499M	574M	558M
Book Value / Share	-0.6	1.14	1.08	0.44
Tangible Book Value	-144M	563M	617M	124M
Tangible Book Value Per Share	-0.62	1.13	1.08	0.22
Total Debt	517M	109M	37.01M	421M
Net Debt	334M	-199M	-311M	226M
Debt Equivalent Oper. Leases	-	-	32.28M	48.1M
Account Code - Inventory Valuation	-	3	3	3
Inventories - Finished Goods, Total	94K	92K	-	-
Land - (BS)	50.2M	50.2M	50.2M	50.2M
Buildings, Total	15.28M	15.28M	15.28M	15.28M
Machinery, Total	14.39M	13.46M	19.23M	23.32M
Accumulated Allowance for Doubtful Accounts (Supple)	749K	5M	37.49M	34.63M

Fiscal Period: December	2022	2023	2024	2025
Net Income	-261M	-20.15M	-434M	-251M
Depreciation & Amortization - CF	25.26M	29.91M	30.14M	32.74M
Amortization of Goodwill and Intangible Assets - (CF)	526K	783K	-	7.3M
Depreciation & Amortization, Total	25.79M	30.69M	30.14M	40.04M
Amortization of Deferred Charges, Total - (CF)	-	-	673K	3.98M
(Gain) Loss From Sale Of Asset	144K	779K	-	3.62M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	469K
Stock-Based Compensation (CF)	-	11.58M	78.27M	375K
Provision and Write-off of Bad Debts	476K	4.25M	32.48M	-8.78M
Other Operating Activities, Total	12.16M	1.53M	759K	-634K
Change In Accounts Receivable	23.59M	-203M	49.97M	77.79M
Change In Inventories	-	-	92K	-
Change In Accounts Payable	51.58M	-11.97M	-6.16M	33.87M
Change in Unearned Revenues	-	-	5.32M	16.35M
Change in Other Net Operating Assets	-18.45M	-5.3M	40.42M	-113M
Cash from Operations	-166M	-192M	-202M	-198M
Capital Expenditure	-2.68M	-1.25M	-16.15M	-11.79M
Sale of Property, Plant, and Equipment	92K	-	-	-
Cash Acquisitions	-	-	-	-32.11M
Sale (Purchase) of Intangible assets	-358K	-1.1M	-	-29.04M
Investment in Marketable and Equity Securities, Total	-9.23M	33.4M	-59.06M	-43.91M
Other Investing Activities, Total	6.11M	5.86M	-10.63M	5.2M
Cash from Investing	-6.06M	36.92M	-85.83M	-112M
Short Term Debt Issued, Total	201M	19.99M	140M	646M
Total Debt Issued	201M	19.99M	140M	646M
Short Term Debt Repaid, Total	-	-388M	-187M	-343M
Long-Term Debt Repaid, Total	-38.79M	-56.02M	-29.84M	-20.45M
Total Debt Repaid	-38.79M	-444M	-217M	-363M
Issuance of Common Stock	137M	821M	410M	-
Repurchase of Common Stock	-	-105M	-	-118M
Other Financing Activities, Total	-10.89M	-13.42M	-3.32M	-6.42M
Cash from Financing	288M	279M	330M	158M
Foreign Exchange Rate Adjustments	1.67M	325K	-200K	-2.33M
Net Change in Cash	118M	124M	41.03M	-153M
Supplemental Items
Cash Interest Paid	12.29M	11.84M	3.54M	6.35M
Cash Income Tax Paid (Refund)	-16K	2.54M	361K	611K
Levered Free Cash Flow	-	-155M	-40.66M	-203M
Unlevered Free Cash Flow	-	-149M	-39.12M	-199M
Change In Net Working Capital	-	178M	-141M	42.52M
Net Debt Issued / Repaid	162M	-424M	-76.83M	283M

Fiscal Period: December	2022	2023	2024	2025
Profitability
Return on Assets	-	-1.58	-30.68	-17.42
Return on Total Capital	-	-2.1	-40.9	-24.14
Return On Equity %	-	-9.46	-73.2	-57.95
Return on Common Equity	-	-9.46	-73.2	-57.95
Margin Analysis
Gross Profit Margin %	-6.15	37.97	12.59	25.71
SG&A Margin	38.2	34.16	50.79	51.95
EBITDA Margin %	-43.86	1.68	-50.26	-32.81
EBITA Margin %	-48.67	-2.18	-51.71	-34.58
EBIT Margin %	-48.77	-2.28	-51.71	-35.6
Income From Continuing Operations Margin %	-49.81	-2.6	-51.49	-34.96
Net Income Margin %	-49.81	-2.6	-51.49	-34.96
Net Avail. For Common Margin %	-49.81	-2.6	-51.49	-34.96
Normalized Net Income Margin	-31.11	-1.88	-32	-21.95
Levered Free Cash Flow Margin	-	-20.02	-4.82	-28.21
Unlevered Free Cash Flow Margin	-	-19.23	-4.64	-27.67
Asset Turnover
Asset Turnover	-	1.11	0.95	0.78
Fixed Assets Turnover	-	5.78	6.74	4.75
Receivables Turnover (Average Receivables)	-	5.18	3.14	2.62
Inventory Turnover (Average Inventory)	-	6.14	14.34	43.19
Short Term Liquidity
Current Ratio	0.59	2.77	2.28	0.92
Quick Ratio	0.39	2.32	2.21	0.81
Operating Cash Flow to Current Liabilities	-0.27	-0.81	-0.69	-0.35
Days Sales Outstanding (Average Receivables)	-	70.43	116.42	139.53
Days Outstanding Inventory (Average Inventory)	-	59.46	25.51	8.45
Average Days Payable Outstanding	-	43.15	23.11	42
Cash Conversion Cycle (Average Days)	-	86.73	118.83	105.99
Long Term Solvency
Total Debt/Equity	-366.71	19.26	5.97	170.12
Total Debt / Total Capital	137.49	16.15	5.63	62.98
LT Debt/Equity	-52	6.93	3.05	38.98
Long-Term Debt / Total Capital	19.5	5.81	2.87	14.43
Total Liabilities / Total Assets	125.32	32.88	33.5	72.64
EBIT / Interest Expense	-20.47	-1.8	-177.12	-41.03
EBITDA / Interest Expense	-18.41	1.33	-164.89	-34.61
(EBITDA - Capex) / Interest Expense	-18.62	1.2	-171.44	-36.5
Total Debt / EBITDA	-2.25	8.39	-0.09	-1.95
Net Debt / EBITDA	-1.45	-15.26	0.77	-1.05
Total Debt / (EBITDA - Capex)	-2.22	9.28	-0.09	-1.85
Net Debt / (EBITDA - Capex)	-1.43	-16.88	0.74	-0.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	47.85	8.74	-14.77
Gross Profit, 1 Yr. Growth %	-	-1.01K	-63.93	73.98
EBITDA, 1 Yr. Growth %	-	-105.66	5.42K	-44.35
EBITA, 1 Yr. Growth %	-	-93.39	2.37K	-42.98
EBIT, 1 Yr. Growth %	-	-93.1	2.37K	-41.3
Earnings From Cont. Operations, 1 Yr. Growth %	-	-92.29	2.06K	-42.13
Net Income, 1 Yr. Growth %	-	-92.29	2.06K	-42.13
Normalized Net Income, 1 Yr. Growth %	-	-91.06	1.75K	-41.52
Diluted EPS Before Extra, 1 Yr. Growth %	-	-95.47	1.46K	-43.36
Accounts Receivable, 1 Yr. Growth %	-	311.09	22.87	-14.21
Inventory, 1 Yr. Growth %	-	27.4	-82.96	-34.71
Net Property, Plant and Equip., 1 Yr. Growth %	-	-1.19	-12.44	59.39
Total Assets, 1 Yr. Growth %	-	51.7	10.42	-3.04
Tangible Book Value, 1 Yr. Growth %	-	-492.2	9.59	-79.9
Common Equity, 1 Yr. Growth %	-	-502.09	9.41	-60.11
Cash From Operations, 1 Yr. Growth %	-	15.45	5.6	-2.39
Capital Expenditures, 1 Yr. Growth %	-	-53.4	1.19K	-26.97
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-73.93	399.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-73.89	409.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	26.8	-3.73
Gross Profit, 2 Yr. CAGR %	-	-	81.4	-20.78
EBITDA, 2 Yr. CAGR %	-	-	35.74	454.03
EBITA, 2 Yr. CAGR %	-	-	30.69	275.14
EBIT, 2 Yr. CAGR %	-	-	30.55	280.61
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	28.92	253.26
Net Income, 2 Yr. CAGR %	-	-	28.92	253.26
Normalized Net Income, 2 Yr. CAGR %	-	-	28.59	228.82
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-15.77	197.7
Accounts Receivable, 2 Yr. CAGR %	-	-	124.75	2.67
Inventory, 2 Yr. CAGR %	-	-	-53.41	-66.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-6.99	18.14
Total Assets, 2 Yr. CAGR %	-	-	29.42	3.47
Tangible Book Value, 2 Yr. CAGR %	-	-	107.32	-53.07
Common Equity, 2 Yr. CAGR %	-	-	109.74	-33.94
Cash From Operations, 2 Yr. CAGR %	-	-	10.41	1.53
Capital Expenditures, 2 Yr. CAGR %	-	-	145.45	207.26
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	14.04
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	15.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	11.07
Gross Profit, 3 Yr. CAGR %	-	-	-	78.9
EBITDA, 3 Yr. CAGR %	-	-	-	0.83
EBITA, 3 Yr. CAGR %	-	-	-	-0.89
EBIT, 3 Yr. CAGR %	-	-	-	0.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-1.29
Net Income, 3 Yr. CAGR %	-	-	-	-1.29
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-1.11
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-26.21
Accounts Receivable, 3 Yr. CAGR %	-	-	-	63.04
Inventory, 3 Yr. CAGR %	-	-	-	-47.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	11.31
Total Assets, 3 Yr. CAGR %	-	-	-	17.54
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-4.76
Common Equity, 3 Yr. CAGR %	-	-	-	20.62
Cash From Operations, 3 Yr. CAGR %	-	-	-	5.97
Capital Expenditures, 3 Yr. CAGR %	-	-	-	63.86