TBLT · Toughbuilt Industries, Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · TBLT

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$95.25M	$95.25M	$70.03M	$39.43M	$19.09M	$15.29M
Cost of Revenue	$59.87M	$70.04M	$50.91M	$27.69M	$13.48M	$11.79M
Gross Profit	$16.41M	$25.21M	$19.11M	$11.75M	$5.61M	$3.97M
R&D	$12.00M	$11.30M	$6.98M	$5.06M	$2.12M	$1.68M
SG&A	$56.04M	$66.19M	$51.43M	$21.08M	$12.08M	$6.94M
Total Operating Expenses	$73.62M	$77.49M	$58.41M	$26.13M	$14.19M	$9.95M
D&A	$5.76M	$4.16M	$1.84M	$626.7K	$225.4K	$120.7K
Operating Income	($57.22M)	($52.28M)	($39.30M)	($14.39M)	($8.58M)	($3.78M)
Interest Expense	$1.70M	-	-	-	-	$7.5K
Income Tax	-	-	-	-	-	-
Net Income	($46.45M)	($39.30M)	($37.53M)	($17.35M)	($4.30M)	($27.65M)
EPS - Basic	($122.12)	($3645.20)	-	-	-	-
EPS - Diluted	($122.12)	($460.85)	-	($6630.00)	-	-

Balance Sheet

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Cash & Equivalents	$2.56M	$2.56M	$7.47M	$2.19M	$25.1K	$5.46M
Accounts Receivable	$10.24M	$16.81M	$18.18M	$10.54M	$2.08M	$985.9K
Inventory	$21.94M	$40.37M	$38.43M	$8.92M	$2.22M	$379.9K
Accounts Payable	$46.95M	$29.67M	$14.44M	$6.96M	$2.54M	$1.96M
Current Assets	$33.50M	$60.11M	$64.87M	$24.30M	$9.22M	$8.59M
Total Assets	$51.79M	$83.92M	$78.95M	$27.49M	$10.47M	$8.85M
Current Liabilities	$60.12M	$50.73M	$21.06M	$8.14M	$7.24M	$27.81M
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$61.51M	$54.21M	$21.06M	$8.14M	$7.24M	$27.81M
Stockholders' Equity	($9.72M)	$29.71M	$57.90M	$19.35M	$3.23M	($18.96M)
Retained Earnings	($191.40M)	($144.95M)	($98.29M)	($60.76M)	($43.41M)	($39.11M)

Cash Flow

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Operating Cash Flow	($5.09M)	($37.29M)	($66.18M)	($25.06M)	($10.23M)	($1.43M)
Investing Cash Flow	($2.60M)	($5.05M)	($11.30M)	$502.1K	($1.03M)	($69.9K)
Financing Cash Flow	$6.19M	$37.43M	$82.76M	$26.73M	$5.83M	$13.66M
CapEx	$2.52M	$5.10M	$11.30M	$2.50M	$1.03M	$69.9K
Free Cash Flow	($7.60M)	($42.39M)	($77.49M)	($27.56M)	($11.26M)	($1.50M)

Ratios

Metric	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Profitability
Gross margin	17.2%	26.5%	27.3%	29.8%	29.4%	25.9%
Operating margin	-60.1%	-54.9%	-56.1%	-36.5%	-44.9%	-24.7%
EBITDA margin	-54.0%	-50.5%	-53.5%	-34.9%	-43.8%	-23.9%
Net margin	-48.8%	-41.3%	-53.6%	-44.0%	-22.5%	-180.9%
Free cash flow margin	-8.0%	-44.5%	-110.7%	-69.9%	-59.0%	-9.8%
FCF / Net income	0.16	1.08	2.06	1.59	2.62	0.05
R&D / Revenue	12.6%	11.9%	10.0%	12.8%	11.1%	11.0%
SG&A / Revenue	58.8%	69.5%	73.4%	53.4%	63.3%	45.4%
Effective tax rate	-	-	-	-	-	-
Return on assets	-89.7%	-46.8%	-47.5%	-63.1%	-41.1%	-312.4%
Return on equity	477.8%	-132.3%	-64.8%	-89.7%	-133.3%	145.8%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	0.56	1.18	3.08	2.98	1.27	0.31
Quick ratio	0.19	0.39	1.26	1.89	0.97	0.30
Cash ratio	0.04	0.05	0.35	0.27	0.00	0.20
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-33.6x	-	-	-	-	-503.9x
Equity multiplier	-5.33	2.82	1.36	1.42	3.24	-0.47
Liabilities / Assets	1.19	0.65	0.27	0.30	0.69	3.14
Efficiency
Asset turnover	1.84	1.14	0.89	1.43	1.82	1.73
Inventory turnover	2.73	1.74	1.32	3.11	6.08	31.04
Days sales outstanding	39d	64d	95d	98d	40d	24d
Days inventory outstanding	134d	210d	276d	118d	60d	12d
Days payable outstanding	286d	155d	104d	92d	69d	61d
Cash conversion cycle	-113d	120d	267d	123d	31d	-25d
Valuation
P / E	-	-	-	-	-	-
P / B	-	3.4x	-	10887.5x	-	-
P / S	0.0x	1.1x	-	5341.4x	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	0.0%	36.0%	77.6%	106.6%	24.9%	-
Revenue CAGR (3y)	34.2%	70.9%	66.1%	-	-	-
Revenue CAGR (5y)	44.2%	-	-	-	-	-
Gross profit growth (YoY)	-34.9%	31.9%	62.7%	109.2%	41.5%	-
Operating income growth (YoY)	-9.5%	-33.0%	-173.2%	-67.7%	-127.1%	-
Net income growth (YoY)	-18.2%	-4.7%	-116.3%	-303.4%	84.4%	-
EPS growth (YoY)	73.5%	-	-	-	-	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	82.1%	45.3%	-181.1%	-144.8%	-651.0%	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-	-48.7%	199.3%	499.6%	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2023-12-31.

Product / service

$76.27M total

Soft Goods$36.21M · 47.5%

Metal Goods$35.45M · 46.5%

Electronic Goods$4.61M · 6.0%

Geographic

$76.27M total

US$61.86M · 81.1%

Europe$5.68M · 7.4%

GB$4.80M · 6.3%

CA$2.10M · 2.8%

MX$1.18M · 1.5%

BR$654.6K · 0.9%

Stability scores

Altman Z′

FY 2023 · bankruptcy risk

-5.16

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2023 · 9-point quality

3/9

Weak

✗Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✗Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Cutlery, Handtools & General Hardware

Company	Revenue (last FY)	Net margin	ROE
SWK	$15.13B	2.7%	4.4%
SNA	$5.16B	19.7%	17.1%
SSD	$2.33B	14.8%	17.0%
EML	$248.97M	2.9%	5.7%
HLMN	$1.55B	2.6%	3.3%

Comparing Toughbuilt Industries against the 5 most active filers in the same SIC group.