TKLS · Trutankless, 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.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '26 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $223.9K | $94.5K | $430.1K | - | $179.7K | $11.6K | $0 | - | $2.7K |
| Cost of Revenue | - | $170.7K | $76.5K | $325.8K | - | $115.5K | $0 | $0 | - | $10.2K |
| Gross Profit | - | $53.2K | $18.0K | $104.3K | - | $64.2K | $11.6K | $0 | - | ($7.5K) |
| R&D | - | $74.0K | $789 | $60.0K | - | $136.1K | $241.9K | $177.6K | - | $129.4K |
| SG&A | - | $281.6K | $160.8K | $266.7K | - | $123.6K | $537.2K | $304.8K | - | $375.7K |
| Total Operating Expenses | - | $728.3K | $999.8K | $1.48M | - | $2.12M | $786.6K | $510.0K | - | $589.8K |
| D&A | - | $0 | $0 | $0 | - | $0 | - | $0 | - | - |
| Operating Income | - | ($675.1K) | ($981.8K) | ($510.0K) | - | - | - | - | - | ($597.3K) |
| Interest Expense | - | $243.0K | $179.7K | $261.7K | - | $100.1K | $141.9K | $171.9K | - | $135.1K |
| Income Tax | - | - | - | - | - | - | - | - | - | $0 |
| Net Income | - | ($918.1K) | ($1.24M) | ($1.60M) | - | ($3.42M) | ($1.08M) | ($405.2K) | - | ($732.5K) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | ($0.01) | $0.01 | ($0.01) | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '26 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.6K | $32.6K | $12.0K | $11.4K | $1.00M | $34.7K | $584 | $1.1K | $21.5K | $79.2K |
| Accounts Receivable | $86.7K | $118.0K | $37.6K | $107.7K | $43.5K | $83.0K | $0 | $0 | $0 | $7.4K |
| Inventory | $1.57M | $1.69M | $1.20M | $612.4K | $350.9K | $84.0K | - | - | $0 | $107.8K |
| Accounts Payable | $753.1K | - | - | - | $725.7K | - | - | - | - | - |
| Current Assets | $1.82M | $2.00M | $2.24M | $2.05M | $3.01M | $2.52M | $476.9K | $174.5K | $26.5K | $194.3K |
| Total Assets | $3.11M | $3.34M | $3.63M | $3.46M | $3.40M | $2.70M | $668.1K | $382.4K | $255.8K | $422.6K |
| Current Liabilities | $12.43M | $11.98M | $11.27M | $9.18M | $8.94M | $7.01M | $6.33M | $7.63M | $7.43M | $6.91M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $13.07M | $12.67M | $12.06M | $10.86M | $9.74M | $7.73M | $6.93M | $7.88M | $7.70M | $7.17M |
| Stockholders' Equity | ($9.96M) | ($9.33M) | ($8.43M) | ($7.40M) | ($6.35M) | ($5.03M) | ($6.26M) | ($7.49M) | ($7.45M) | ($6.75M) |
| Retained Earnings | ($81.85M) | ($80.86M) | ($79.94M) | ($78.70M) | ($77.10M) | ($71.57M) | ($68.15M) | ($67.07M) | ($66.67M) | ($66.59M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '26 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($707.1K) | - | - | - | ($402.8K) | - | - |
| Investing Cash Flow | - | - | - | ($203.5K) | - | - | - | $0 | - | - |
| Financing Cash Flow | - | - | - | ($82.1K) | - | - | - | $382.4K | - | - |
| CapEx | - | - | - | $0 | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | ($707.1K) | - | - | - | - | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '26 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 23.8% | 19.1% | 24.2% | - | 35.7% | 100.0% | - | - | -278.1% |
| Operating margin | - | -301.4% | -1039.5% | -118.6% | - | - | - | - | - | -22091.0% |
| EBITDA margin | - | -301.4% | -1039.5% | -118.6% | - | - | - | - | - | - |
| Net margin | - | -410.0% | -1317.8% | -371.1% | - | -1903.2% | -9354.3% | - | - | -27089.1% |
| Free cash flow margin | - | - | - | -164.4% | - | - | - | - | - | - |
| FCF / Net income | - | - | - | 0.44 | - | - | - | - | - | - |
| R&D / Revenue | - | 33.0% | 0.8% | 13.9% | - | 75.8% | 2088.5% | - | - | 4784.5% |
| SG&A / Revenue | - | 125.7% | 170.2% | 62.0% | - | 68.8% | 4637.2% | - | - | 13895.9% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -27.5% | -34.3% | -46.1% | - | -126.8% | -162.2% | -105.9% | - | -173.3% |
| Return on equity | - | 9.8% | 14.8% | 21.6% | - | 67.9% | 17.3% | 5.4% | - | 10.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.15 | 0.17 | 0.20 | 0.22 | 0.34 | 0.36 | 0.08 | 0.02 | 0.00 | 0.03 |
| Quick ratio | 0.02 | 0.03 | 0.09 | 0.16 | 0.30 | 0.35 | 0.08 | 0.02 | 0.00 | 0.01 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -2.8x | -5.5x | -1.9x | - | - | - | - | - | -4.4x |
| Equity multiplier | -0.31 | -0.36 | -0.43 | -0.47 | -0.54 | -0.54 | -0.11 | -0.05 | -0.03 | -0.06 |
| Liabilities / Assets | 4.20 | 3.79 | 3.32 | 3.14 | 2.87 | 2.87 | 10.37 | 20.59 | 30.11 | 16.97 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.07 | 0.03 | 0.12 | - | 0.07 | 0.02 | 0.00 | - | 0.01 |
| Inventory turnover | - | 0.10 | 0.06 | 0.53 | - | 1.37 | - | - | - | 0.09 |
| Days sales outstanding | - | 192d | 145d | 91d | - | 169d | 0d | - | - | 995d |
| Days inventory outstanding | - | 3620d | 5731d | 686d | - | 266d | - | - | - | 3847d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 24.6% | - | - | - | 6545.7% | 6335.6% | -100.0% | - | -41.6% |
| Revenue CAGR (3y) | - | 264.4% | 706.6% | 201.6% | - | 121.4% | 5.1% | - | - | -80.4% |
| Revenue CAGR (5y) | - | -9.1% | 56.8% | -4.4% | - | -16.5% | -51.2% | - | - | -62.2% |
| Gross profit growth (YoY) | - | -17.1% | - | - | - | - | 6335.6% | - | - | -11.2% |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | 40.3% |
| Net income growth (YoY) | - | 73.2% | - | -293.9% | - | -366.9% | -114.9% | 43.9% | - | 22.2% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -57.0% | -85.2% | - | 1.2% | 14.8% | 25.4% | 7.1% | -19.4% | -34.1% | -30.1% |
Peer comparison
Same SIC group: Household Appliances
Comparing Trutankless against the 5 most active filers in the same SIC group.