TechPrecision Corporation: financial statements

TPCSNASDAQBasic materials · Fabricated Structural Metal Products

Price

$5.01

November 13, 2026Market cap $50M

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The full history: 16 fiscal years, from FY2011
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The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Financial statements

Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.

FY2024–FY2026 fiscal years

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Revenue

Line	FY2024	FY2025	FY2026
Revenue	$32M	$34M	$32M
Cost of revenue	$27M	$30M	$27M
Gross profit	$4.1M	$4.3M	$5.0M
Operating income	-$4.6M	-$2.2M	-$1.1M
Net income	-$7.0M	-$2.7M	-$1.7M
Earnings per share	-$0.81	-$0.29	-$0.17
Earnings per share, basic	-$0.81	-$0.29	-$0.17
Margins
Gross margin	13.0%	12.7%	15.7%
Operating margin	-14.7%	-6.3%	-3.4%
Net margin	-22.3%	-8.1%	-5.3%

Financial statements

TPCS's revenue, profits and cash flows from FY2011 to FY2023, 13 more fiscal years

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By segment

Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.

Segment	FY2024	FY2025	FY2026	Share FY2026
Ranor Inc	$18M	$18M	$17M	53%
Stadco Acquisition Llc	$15M	$16M	$15M	47%

By segment

TPCS's revenue by segment from FY2022 to FY2023, 2 more fiscal years

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From the XBRL of 11 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.

Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.

Debt and obligations

What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.

$3.7M Leases-1.9% Effective tax rate

Leases

Mar 31, 2026

Operating leases

$3.6M

Finance leases

$25.0K

The liability is the present value of the rent still to pay, at March 31, 2026. It is not counted in the ladder's debt. The filing

From the statutory to the effective tax rate, FY2026

Mar 31, 2026

Statutory rate

21.0%

Effective rate

-1.9%

-22.9 pts

The company paid -1.9% in tax on its profit, 22.9 points below the US federal rate (21.0%). Below, the reasons it gives.

Statutory rate

21.0%

Change in valuation allowance

-25.4 pts

Difference the filing does not itemize

+2.5 pts

Effective rate

-1.9%

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Earnings quality

How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.

Receivables and inventory against sales

In the quarter to Jun 30, 2026, sales were +23.3% on the same quarter a year earlier, and receivables +10.0%.

a year earlier 34 days: 30 days

Balances at Jun 30, 2026 and Jun 30, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.

The earnings per share split is not shown: it needs a profit before tax in both years, since a tax rate on a loss has no meaning as a source.

The allowance for doubtful accounts is not shown: the company does not tag it in its structured filings.

The tax part is not shown: a figure it needs is missing from the company's structured filings.

A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.

The full analysis

What do TechPrecision's filings show?

These are TechPrecision's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
The case for and the case against

Questions about TPCS's financials

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How much revenue did TPCS have in FY2026?

TechPrecision had revenue of $32M and net income of -$1.7M in fiscal FY2026, a net margin of -5.3%.

How much debt does TPCS have?

On March 31, 2026 TechPrecision had total assets of $32M, debt of $6.9M and shareholders' equity of $7.7M.

How much free cash flow does TPCS have?

In fiscal FY2026 TechPrecision had cash from operations of $6.0K and spent $3.3M on capital expenditure, leaving -$3.3M of free cash flow.

Where are the figures from?

From TechPrecision Corporation's annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.