Tungray Technologies Inc
TRSG Nasdaq Construction, Mining & Materials Handling Machinery & Equip Financials FY2021–FY2025
What Tungray Technologies Inc does
No business description yet.
- Legal name
- Tungray Technologies Inc
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 23, 2026
- Accession · CIK
- 0001096906-26-000600
0001943444
Revenue and margins
Tungray Technologies Inc had $15.6M of revenue in fiscal 2025, up 22.0% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$3.8M in fiscal 2025, −24.6% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Tungray Technologies Inc returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
Balance sheet
Cash, debt and the ratios that show how comfortably Tungray Technologies Inc can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $11.3M | $13.1M | $10.8M | $9.0M | $6.6M |
| Interest coverage | 35.2x | 15.7x | 16.4x | −6.0x | −3.6x |
| Current ratio | — | 2.1x | 2.1x | 1.9x | 1.9x |
| Quick ratio | — | 2.0x | 1.8x | 1.7x | 1.6x |
| Total assets | — | $26.0M | $27.1M | $29.9M | $29.5M |
| Total liabilities | — | $11.2M | $11.3M | $12.6M | $11.5M |
| Shareholders' equity | $12.2M | $14.8M | $15.7M | $17.3M | $18.0M |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✕ | ✕ |
| Return on assets rose | — | — | ✕ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✕ | ✕ | ✕ |
| Debt fell relative to assets | — | — | — | — | — |
| Current ratio rose | — | — | ✕ | ✕ | ✓ |
| Share count didn't rise | — | ✓ | ✓ | — | — |
| Gross margin rose | — | ✓ | ✕ | ✕ | ✓ |
| Revenue rose relative to assets | — | — | ✕ | ✕ | ✓ |
| F-score | — / 3 | — / 5 | 3 / 8 | 0 / 7 | 4 / 7 |
| Accruals ratio | — | −3.0% | 1.2% | 0.8% | 9.7% |
| Altman Z'' | — | 6.48 | 5.90 | 4.94 | 5.27 |
5 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $17.5M | $16.3M | $14.4M | $12.8M | $15.6M |
| Gross profit | $9.3M | $9.3M | $6.7M | $5.6M | $7.2M |
| Research and development | $0.7M | $0.8M | $0.8M | $1.1M | $1.0M |
| Operating income | $4.9M | $3.3M | $1.1M | −$0.7M | −$0.2M |
| Interest expense | $0.1M | $0.2M | $0.1M | $0.1M | $0.1M |
| Pretax income | $5.0M | $3.5M | $1.3M | −$0.3M | −$0.0M |
| Income tax | $0.7M | −$0.6M | $0.5M | $0.3M | $0.1M |
| Net income | $4.3M | $2.9M | $0.8M | −$0.6M | −$0.2M |
| Diluted EPS | $0.29 | $0.19 | $0.06 | — | — |
| Diluted shares | 0.02B | 0.02B | 0.02B | — | — |
| Cash flow | |||||
| Cash from operations | $6.0M | $3.6M | $0.5M | −$0.8M | −$3.0M |
| Capital expenditure | $0.2M | $0.1M | $0.0M | $0.5M | $0.8M |
| Free cash flow | $5.8M | $3.5M | $0.4M | −$1.3M | −$3.8M |
| Depreciation and amortization | $0.2M | $0.2M | $0.2M | $0.4M | $0.4M |
| Dividends paid | — | $1.7M | $1.3M | $0.5M | — |
| Dividends and buybacks | — | $1.7M | $1.3M | $0.5M | — |
| Balance sheet | |||||
| Cash and short-term investments | $11.3M | $13.1M | $10.8M | $9.0M | $6.6M |
| Current assets | — | $17.9M | $18.5M | $19.8M | $18.7M |
| Current liabilities | — | $8.3M | $9.0M | $10.6M | $9.6M |
| Inventory | — | $1.4M | $2.3M | $2.2M | $3.4M |
| Property and equipment, net | — | $6.5M | $6.3M | $6.2M | $7.1M |
| Intangible assets | — | $0.0M | $0.0M | $0.1M | $0.2M |
| Total assets | — | $26.0M | $27.1M | $29.9M | $29.5M |
| Total liabilities | — | $11.2M | $11.3M | $12.6M | $11.5M |
| Shareholders' equity | $12.2M | $14.8M | $15.7M | $17.3M | $18.0M |
| Margins | |||||
| Gross margin | 53.0% | 56.7% | 46.7% | 43.7% | 45.9% |
| Operating margin | 27.9% | 20.1% | 7.7% | −5.1% | −1.5% |
| EBITDA margin | 29.1% | 21.2% | 9.4% | −2.3% | 0.9% |
| Net margin | 24.6% | 17.5% | 5.3% | −4.5% | −1.1% |
| FCF margin | 33.1% | 21.4% | 2.8% | −9.9% | −24.6% |
| Returns | |||||
| Return on capital employed | — | 18.5% | 6.1% | −3.4% | −1.2% |
| Return on equity | 35.2% | 21.1% | 5.0% | −3.5% | −1.0% |
| Return on assets | — | 11.0% | 2.9% | −2.0% | −0.6% |
| Return on tangible equity | 35.2% | 19.3% | 4.8% | −3.3% | −1.0% |
| Growth | |||||
| Revenue growth | — | −6.5% | −12.1% | −10.8% | 22.0% |
| Net income growth | — | −33.7% | −73.5% | −175.5% | — |
| EPS growth | — | −34.5% | −68.4% | — | — |
| FCF growth | — | −39.6% | −88.3% | −409.7% | — |
| Share count change | — | 0.0% | 0.0% | — | — |
| Financial health | |||||
| Interest coverage | 35.2x | 15.7x | 16.4x | −6.0x | −3.6x |
| Current ratio | — | 2.1x | 2.1x | 1.9x | 1.9x |
| Quick ratio | — | 2.0x | 1.8x | 1.7x | 1.6x |
| Capital allocation | |||||
| Capex / revenue | 1.2% | 0.9% | 0.3% | 3.5% | 5.1% |
| Payouts / FCF | — | 47.4% | 313.0% | — | — |
| Quality scores | |||||
| Piotroski F-score | — | — | 3.0 | 0.0 | 4.0 |
| Altman Z'' | — | 6.5 | 5.9 | 4.9 | 5.3 |
| Accruals ratio | — | −3.0% | 1.2% | 0.8% | 9.7% |
Source: SEC EDGAR XBRL filings (CIK 0001943444). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.