Trutankless, Inc. Income Statement
TKLS|12 years of annual SEC 10-K data (FY2014-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 12 fiscal years. All figures from audited SEC 10-K filings.
Trutankless, Inc. reported $1M in revenue and $5M in net loss for FY2025. Revenue has grown at a 14.7% compound annual rate over the past 11 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -28.26 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $242.3K | $3.5K | $73.0K | $246.0K | $1.7M | $1.9M | $1.5M | $695.9K | $429.6K | $265.5K | $238.9K |
| Cost of Revenue | $1.0M | $279.4K | $0 | $22.6K | $127.7K | $1.3M | $1.7M | -$1.7M | -$530.6K | $490.3K | $343.0K | $440.3K |
| Gross Profit | $42.0K | -$37.0K | $3.5K | $50.5K | $118.4K | $356.3K | $177.4K | -$165.7K | $165.3K | -$60.7K | -$77.5K | -$201.4K |
| SG&A Expense | $908.8K | $785.4K | $463.7K | $683 | $10.6M | $6.8M | $2.8M | $1.4M | $1.7M | $1.0M | $1.7M | $1.6M |
| R&D Expense | $163.5K | $432.8K | $432.6K | $246.2K | $211.0K | $187.6K | $417.2K | $216.1K | $165.2K | - | $318.7K | $876.8K |
| Operating Income | -$3.6M | -$5.2M | -$1.3M | -$4.1M | -$11.0M | -$6.9M | -$3.3M | - | - | - | - | - |
| Interest Expense | $899.2K | $575.7K | $763.6K | $556.8K | $5.0M | $1.7M | $1.4M | $641.6K | $467.2K | $383.6K | $39.7K | $205 |
| Income Tax | - | - | $0 | $0 | $0 | $0 | $0 | - | - | - | - | - |
| Net Income | -$4.8M | -$10.2M | -$2.2M | -$4.6M | -$17.4M | -$10.6M | -$4.9M | -$3.5M | -$2.9M | -$3.3M | -$4.3M | -$7.2M |
| EPS (Basic) | - | - | - | - | - | - | - | -$0.11 | -$0.11 | -$0.23 | -$0.23 | -$0.38 |
| EPS (Diluted) | -$0.04 | -$0.11 | -$0.08 | - | - | -$0.18 | -$0.12 | - | - | - | - | - |
| Shares Outstanding | 129.0M | 128.6M | 38.8M | 20.2M | 20.2M | 9.2M | - | - | 27.9M | 19.4M | - | - |
| Gross Margin | 3.9% | -15.3% | 100.0% | 69.1% | 48.1% | 21.4% | 9.3% | -10.8% | 23.8% | -14.1% | -29.2% | -84.3% |
| Operating Margin | -329.7% | -2153.9% | -37823.8% | -5611.0% | -4485.3% | -414.8% | -175.2% | - | - | - | - | - |
| Profit Margin | -438.7% | -4203.1% | -60593.8% | -6363.7% | -7064.0% | -636.1% | -256.4% | -229.9% | -412.7% | -761.9% | -1617.1% | -3021.2% |