What is Tungray Technologies' operating income?

Tungray Technologies' total operating income in 2025 was -$241.81 thousand, based on the following breakdown: Total Gross Profit: $7.17 million Total Operating Expenses: $7.41 million

Tungray Technologies (TRSG) Financials

$1.40 -0.04 (-2.45%)

As of 09:40 AM Eastern

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Annual Income Statements for Tungray Technologies

This table shows Tungray Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.30	4.11	0.86	-0.48	-0.01
Consolidated Net Income / (Loss)	4.30	5.69	0.76	-0.57	-0.17
Net Income / (Loss) Continuing Operations	4.30	4.10	0.76	-0.57	-0.17
Total Pre-Tax Income	5.01	3.47	1.29	-0.29	-0.04
Total Operating Income	4.88	3.28	1.10	-0.66	-0.24
Total Gross Profit	9.26	9.27	6.71	5.60	7.17
Total Revenue	17	16	14	13	16
Operating Revenue	17	16	14	13	16
Total Cost of Revenue	8.21	7.07	7.65	7.21	8.45
Operating Cost of Revenue	8.21	7.07	7.65	7.21	8.45
Total Operating Expenses	4.38	5.98	5.61	6.25	7.41
Selling, General & Admin Expense	3.71	5.15	4.82	5.19	6.44
Research & Development Expense	0.67	0.83	0.79	1.06	0.98
Total Other Income / (Expense), net	0.13	0.19	0.19	0.36	0.20
Other Income / (Expense), net	0.13	0.19	0.19	0.36	0.20
Income Tax Expense	0.71	-0.63	0.54	0.28	0.13
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.00	-0.01	-0.10	-0.09	-0.16
Basic Earnings per Share	$0.29	-	$0.06	($0.03)	$0.00
Weighted Average Basic Shares Outstanding	15M	15M	15M	15.95M	16.35M
Diluted Earnings per Share	$0.29	-	$0.06	($0.03)	$0.00
Weighted Average Diluted Shares Outstanding	15M	15M	15M	15.95M	16.35M
Basic & Diluted Earnings per Share	-	-	$0.06	($0.03)	$0.00
Weighted Average Basic & Diluted Shares Outstanding	-	15M	15M	15.95M	16.35M

No quarterly income statements for Tungray Technologies are available.

This table details how cash moves in and out of Tungray Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.24	2.63	-2.33	-1.33	-2.83
Net Cash From Operating Activities	5.99	3.64	0.45	-0.81	-3.05
Net Cash From Continuing Operating Activities	5.99	4.13	0.45	-0.81	-3.05
Net Income / (Loss) Continuing Operations	4.30	2.84	0.76	-0.57	-0.17
Consolidated Net Income / (Loss)	4.30	2.84	0.76	-0.57	-0.17
Depreciation Expense	0.21	0.17	0.25	0.37	0.39
Amortization Expense	0.15	0.14	0.17	0.28	0.38
Non-Cash Adjustments To Reconcile Net Income	1.51	0.02	-0.01	0.25	-3.80
Changes in Operating Assets and Liabilities, net	-0.19	0.95	-0.72	-1.13	0.16
Net Cash From Investing Activities	-1.01	-0.10	-0.08	-2.78	-1.64
Net Cash From Continuing Investing Activities	-1.01	-0.10	-0.08	-2.78	-1.75
Purchase of Property, Plant & Equipment	-0.21	-0.15	-0.04	-0.45	-0.80
Acquisitions	0.00	0.00	-0.04	-0.02	-0.21
Sale of Property, Plant & Equipment	-	-	-	-	-0.05
Other Investing Activities, net	-0.81	0.26	-0.00	-2.32	-0.69
Net Cash From Financing Activities	-0.01	-1.40	-2.81	2.79	1.31
Net Cash From Continuing Financing Activities	-0.01	-1.40	-2.81	2.79	1.72
Repayment of Debt	-1.17	-0.08	-2.92	-0.91	-0.17
Repurchase of Common Equity	0.00	-0.68	-0.47	-1.42	0.00
Payment of Dividends	0.00	-1.65	-1.28	-0.52	0.00
Issuance of Debt	1.16	1.01	1.87	0.18	1.48
Issuance of Common Equity	-	0.00	0.00	5.41	0.41
Other Financing Activities, net	0.00	0.00	0.00	0.05	0.00
Cash Interest Paid	0.19	0.16	0.09	0.07	0.07
Cash Income Taxes Paid	0.27	0.39	0.66	0.75	0.18

No quarterly cash flow statements for Tungray Technologies are available.

This table presents Tungray Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	26	27	30	30
Total Current Assets	18	19	20	19
Cash & Equivalents	13	11	8.97	6.62
Restricted Cash	-	0.00	0.50	0.02
Accounts Receivable	2.55	4.13	3.55	5.11
Inventories, net	1.40	2.28	2.21	3.35
Prepaid Expenses	0.54	1.31	4.54	3.60
Plant, Property, & Equipment, net	6.45	6.33	6.17	7.13
Total Noncurrent Assets	1.72	2.20	3.96	3.68
Long-Term Investments	0.22	0.21	0.21	2.27
Intangible Assets	0.03	0.00	0.06	0.24
Other Noncurrent Operating Assets	1.40	1.93	3.70	1.16
Total Liabilities & Shareholders' Equity	26	27	30	30
Total Liabilities	11	11	13	11
Total Current Liabilities	8.33	9.03	11	9.65
Short-Term Debt	0.62	0.14	0.08	0.81
Accounts Payable	1.21	1.55	1.44	2.09
Accrued Expenses	0.99	1.29	1.45	1.91
Current Deferred Revenue	-	-	0.00	0.06
Current Deferred & Payable Income Tax Liabilities	1.50	1.21	0.70	0.56
Other Current Liabilities	4.00	4.85	6.93	4.28
Total Noncurrent Liabilities	2.86	2.30	2.04	1.77
Long-Term Debt	2.37	1.95	1.16	1.18
Capital Lease Obligations	-	-	0.69	0.55
Other Noncurrent Operating Liabilities	0.49	0.35	0.19	0.04
Total Equity & Noncontrolling Interests	15	16	17	18
Total Preferred & Common Equity	15	16	17	18
Total Common Equity	15	16	17	18
Common Stock	0.33	0.33	3.14	3.11
Retained Earnings	15	16	15	15
Accumulated Other Comprehensive Income / (Loss)	-0.40	-0.28	-1.01	-0.02
Other Equity Adjustments	0.24	0.25	0.25	0.25
Noncontrolling Interest	-0.01	-0.11	-0.16	-0.33

No quarterly balance sheets for Tungray Technologies are available.

This table displays calculated financial ratios and metrics derived from Tungray Technologies' official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	30,000,000.00	32,706,970.00	16,353,485.00
DEI Adjusted Shares Outstanding	0.00	0.00	30,000,000.00	32,706,970.00	16,353,485.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.03	-0.01	0.00
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	-6.49%	-12.07%	-10.81%	21.96%
EBITDA Growth	0.00%	-29.41%	-54.80%	-79.23%	103.92%
EBIT Growth	0.00%	-30.68%	-62.69%	-122.68%	86.66%
NOPAT Growth	0.00%	-7.43%	-83.42%	-171.45%	63.14%
Net Income Growth	0.00%	32.49%	-86.71%	-175.55%	70.22%
EPS Growth	0.00%	0.00%	0.00%	-150.00%	100.00%
Operating Cash Flow Growth	0.00%	-39.23%	-87.60%	-280.01%	-275.26%
Free Cash Flow Firm Growth	0.00%	0.00%	-169.24%	-92.17%	27.34%
Invested Capital Growth	0.00%	0.00%	51.18%	40.11%	22.53%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	53.00%	56.73%	46.73%	43.70%	45.91%
EBITDA Margin	30.73%	23.19%	11.92%	2.78%	4.64%
Operating Margin	27.94%	20.10%	7.66%	-5.12%	-1.55%
EBIT Margin	28.66%	21.24%	9.01%	-2.29%	-0.25%
Profit (Net Income) Margin	24.60%	34.85%	5.27%	-4.46%	-1.09%
Tax Burden Percent	85.84%	164.07%	58.45%	194.70%	434.85%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	14.16%	-18.12%	41.55%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	172.61%	11.39%	-5.63%	-1.60%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	137.54%	10.21%	-4.28%	-1.58%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-95.91%	-6.44%	2.16%	0.63%
Return on Equity (ROE)	0.00%	76.70%	4.95%	-3.47%	-0.96%
Cash Return on Invested Capital (CROIC)	0.00%	-27.39%	-29.36%	-39.04%	-21.85%
Operating Return on Assets (OROA)	0.00%	13.33%	4.88%	-1.03%	-0.13%
Return on Assets (ROA)	0.00%	21.87%	2.85%	-2.01%	-0.57%
Return on Common Equity (ROCE)	0.00%	76.78%	4.97%	-3.50%	-0.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	38.31%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	4.19	3.88	0.64	-0.46	-0.17
NOPAT Margin	23.98%	23.74%	4.48%	-3.59%	-1.08%
Net Nonoperating Expense Percent (NNEP)	0.00%	35.07%	1.18%	-1.35%	-0.01%
Return On Investment Capital (ROIC_SIMPLE)	-	21.73%	3.61%	-2.39%	-0.82%
Cost of Revenue to Revenue	47.00%	43.27%	53.27%	56.30%	54.09%
SG&A Expenses to Revenue	21.23%	31.56%	33.56%	40.52%	41.22%
R&D to Revenue	3.83%	5.08%	5.51%	8.30%	6.24%
Operating Expenses to Revenue	25.07%	36.63%	39.07%	48.82%	47.46%
Earnings before Interest and Taxes (EBIT)	5.01	3.47	1.29	-0.29	-0.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.37	3.79	1.71	0.36	0.73
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.34	0.32	1.89	0.99
Price to Tangible Book Value (P/TBV)	0.00	0.34	0.32	1.90	1.01
Price to Revenue (P/Rev)	0.29	0.31	0.35	2.58	1.17
Price to Earnings (P/E)	1.16	1.22	5.84	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	85.96%	82.17%	17.13%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	2.64	0.99
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.96	0.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	70.54	15.92
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.20	0.13	0.11	0.14
Long-Term Debt to Equity	0.00	0.16	0.12	0.11	0.10
Financial Leverage	0.00	-0.70	-0.63	-0.51	-0.40
Leverage Ratio	0.00	1.75	1.74	1.73	1.68
Compound Leverage Factor	0.00	1.75	1.74	1.73	1.68
Debt to Total Capital	0.00%	16.80%	11.75%	10.08%	12.36%
Short-Term Debt to Total Capital	0.00%	3.50%	0.79%	0.42%	3.93%
Long-Term Debt to Total Capital	0.00%	13.30%	10.96%	9.66%	8.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.08%	-0.64%	-0.85%	-1.63%
Common Equity to Total Capital	0.00%	83.28%	88.90%	90.78%	89.27%
Debt to EBITDA	0.00	0.79	1.22	5.44	3.51
Net Debt to EBITDA	0.00	-2.73	-5.21	-21.77	-8.79
Long-Term Debt to EBITDA	0.00	0.63	1.14	5.21	2.39
Debt to NOPAT	0.00	0.77	3.25	-4.21	-15.02
Net Debt to NOPAT	0.00	-2.67	-13.88	16.86	37.66
Long-Term Debt to NOPAT	0.00	0.61	3.04	-4.04	-10.25
Altman Z-Score	0.00	2.56	2.18	3.03	2.56
Noncontrolling Interest Sharing Ratio	0.00%	-0.10%	-0.42%	-0.84%	-1.41%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	2.15	2.05	1.86	1.94
Quick Ratio	0.00	1.88	1.65	1.18	1.22
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-0.62	-1.66	-3.18	-2.31
Operating Cash Flow to CapEx	2,901.12%	2,496.97%	1,042.73%	-180.16%	-356.99%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.63	0.54	0.45	0.53
Accounts Receivable Turnover	0.00	6.41	4.30	3.33	3.61
Inventory Turnover	0.00	5.03	4.15	3.21	3.04
Fixed Asset Turnover	0.00	2.53	2.25	2.05	2.35
Accounts Payable Turnover	0.00	5.84	5.55	4.83	4.79
Days Sales Outstanding (DSO)	0.00	56.95	84.91	109.46	101.11
Days Inventory Outstanding (DIO)	0.00	72.54	87.97	113.61	120.00
Days Payable Outstanding (DPO)	0.00	62.54	65.79	75.56	76.17
Cash Conversion Cycle (CCC)	0.00	66.95	107.10	147.51	144.93
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	4.49	6.79	9.52	12
Invested Capital Turnover	0.00	7.27	2.55	1.57	1.48
Increase / (Decrease) in Invested Capital	0.00	4.49	2.30	2.72	2.14
Enterprise Value (EV)	0.00	-5.37	-4.04	25	12
Market Capitalization	5.00	5.00	5.00	33	18
Book Value per Share	$0.00	$0.99	$1.06	$1.16	$1.12
Tangible Book Value per Share	$0.00	$0.99	$1.06	$1.16	$1.11
Total Capital	0.00	18	18	19	21
Total Debt	0.00	3.00	2.09	1.93	2.54
Total Long-Term Debt	0.00	2.37	1.95	1.85	1.73
Net Debt	0.00	-10	-8.92	-7.74	-6.37
Capital Expenditures (CapEx)	0.21	0.15	0.04	0.45	0.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-2.97	-1.17	-0.22	3.22
Debt-free Net Working Capital (DFNWC)	0.00	10	9.63	9.25	9.86
Net Working Capital (NWC)	0.00	9.53	9.49	9.17	9.05
Net Nonoperating Expense (NNE)	-0.11	-1.81	-0.11	0.11	0.00
Net Nonoperating Obligations (NNO)	0.00	-10	-8.92	-7.74	-6.37
Total Depreciation and Amortization (D&A)	0.36	0.32	0.42	0.65	0.76
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-18.20%	-8.13%	-1.75%	20.59%
Debt-free Net Working Capital to Revenue	0.00%	62.18%	67.08%	72.19%	63.12%
Net Working Capital to Revenue	0.00%	58.37%	66.10%	71.56%	57.94%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	16.35M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	16.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	16.35M
Normalized Net Operating Profit after Tax (NOPAT)	4.19	2.30	0.64	-0.46	-0.17
Normalized NOPAT Margin	23.98%	14.07%	4.48%	-3.59%	-1.08%
Pre Tax Income Margin	28.66%	21.24%	9.01%	-2.29%	-0.25%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	29.06%	168.60%	-90.45%	0.00%
Augmented Payout Ratio	0.00%	41.01%	231.36%	-338.57%	0.00%

No quarterly metrics and ratios for Tungray Technologies are available.

Financials Breakdown Chart

Tungray Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tungray Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tungray Technologies' net income appears to be on a downward trend, with a most recent value of -$170.28 thousand in 2025, falling from $4.30 million in 2021. The previous period was -$571.72 thousand in 2024. Check out Tungray Technologies' forecast to explore projected trends and price targets.

Tungray Technologies' total operating income in 2025 was -$241.81 thousand, based on the following breakdown:

Total Gross Profit: $7.17 million
Total Operating Expenses: $7.41 million

Over the last 4 years, Tungray Technologies' total revenue changed from $17.47 million in 2021 to $15.62 million in 2025, a change of -10.6%.

Tungray Technologies' total liabilities were at $11.48 million at the end of 2025, a 9.2% decrease from 2024, and a 2.6% increase since 2022.

In the past 3 years, Tungray Technologies' cash and equivalents has ranged from $6.62 million in 2025 to $13.13 million in 2022, and is currently $6.62 million as of their latest financial filing in 2025.

Over the last 4 years, Tungray Technologies' book value per share changed from 0.00 in 2021 to 1.12 in 2025, a change of 112.3%.

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Financial statements for NASDAQ:TRSG last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tungray Technologies (TRSG) Financials

Financials Breakdown Chart

Tungray Technologies Financials - Frequently Asked Questions

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Tungray Technologies (TRSG) Financials

Annual Income Statements for Tungray Technologies

Quarterly Income Statements for Tungray Technologies

Annual Cash Flow Statements for Tungray Technologies

Quarterly Cash Flow Statements for Tungray Technologies

Annual Balance Sheets for Tungray Technologies

Quarterly Balance Sheets for Tungray Technologies

Annual Metrics And Ratios for Tungray Technologies

Quarterly Metrics And Ratios for Tungray Technologies

Financials Breakdown Chart

Tungray Technologies Financials - Frequently Asked Questions

When does Tungray Technologies' financial year end?

How has Tungray Technologies' net income changed over the last 4 years?

What is Tungray Technologies' operating income?

How has Tungray Technologies' revenue changed over the last 4 years?

How much debt does Tungray Technologies have?

How much cash does Tungray Technologies have?

How has Tungray Technologies' book value per share changed over the last 4 years?

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