TRUTANKLESS, INC. financials
Source: EDGAR filings · Built 2026-07-03T03:37:43Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -1.78M | -2.51M | -1.99M | -1.71M | -2.46M | -1.47M |
| EBITDA | -3.49M | -5.22M | -1.34M | -4.15M | -11.02M | -6.89M |
| Working Capital | -10.61M | -5.93M | -7.38M | -3.38M | -3.63M | -2.43M |
| Net Debt | 1.58M | 708.33K | 1.22M | 1.87M | 1.23M | 1.20M |
| Gross Margin | 3.88% | -15.27% | 100.00% | -539.57% | 48.11% | 21.45% |
| Operating Margin | -329.72% | -2153.93% | -37823.84% | -5698.13% | -4485.32% | -414.78% |
| Net Margin | -438.71% | -4203.05% | -60593.80% | -6552.71% | -7064.03% | -636.08% |
| Return on Equity (ROE) | 47.69% | 160.50% | 28.52% | 86.46% | 446.35% | 447.10% |
| Return on Assets (ROA) | -152.65% | -299.85% | -840.72% | -2311.43% | -7597.68% | -588.06% |
| Current Ratio | 0.15× | 0.34× | 0.00× | 0.03× | 0.05× | 0.26× |
| Debt-to-Equity | -0.16× | -0.27× | -0.16× | -0.35× | -0.32× | -0.57× |
| Effective Tax Rate | — | — | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.31× | 0.23× | 0.93× | 0.36× | 0.14× | 0.14× |
| Accruals Ratio | -1.05× | -2.32× | -0.63× | -14.87× | -65.35× | -5.06× |
| SBC % of Revenue | 170.40% | 1408.10% | 215.55% | — | — | — |
| CapEx Coverage | -4.98× | -12.06× | — | — | -96.13× | — |
| Free Cash Flow Per Share | $-0.01 | $-0.03 | $-0.07 | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 1.08M | 242.35K | 3.55K | 73.01K | 246.03K | 1.66M |
| Cost of Goods and Services Sold | 1.04M | 279.36K | 0 | 466.94K | 127.67K | 1.30M |
| Cost of Revenue | — | — | — | — | 127.67K | 1.30M |
| Gross Profit | 42.02K | -37.01K | 3.55K | -393.93K | 118.36K | 356.33K |
| Research and Development Expense | 163.54K | 432.85K | 432.63K | 255.09K | 211.03K | 187.58K |
| Selling, General and Administrative Expense | — | — | — | 683 | 10.62M | 6.79M |
| Operating Expenses | 3.61M | 5.18M | 1.35M | 3.77M | 11.15M | 7.25M |
| Operating Income (Loss) | -3.57M | -5.22M | -1.34M | -4.16M | -11.04M | -6.89M |
| Income Tax Expense (Benefit) | — | — | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -4.75M | -10.19M | -2.15M | -4.78M | -17.38M | -10.57M |
| Weighted Average Number of Shares Outstanding, Basic | 132.21M | 88.73M | 28.44M | — | — | 60.17M |
| Earnings Per Share, Diluted | $-0.04 | $-0.11 | $-0.08 | — | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | — | 79.52K | 20.83K | 151.63K |
| Assets, Current | 1.82M | 3.01M | 26.45K | 93.02K | 184.57K | 871.71K |
| Assets | 3.11M | 3.40M | 255.79K | 206.97K | 228.75K | 1.80M |
| Liabilities, Current | 12.43M | 8.94M | 7.40M | 3.47M | 3.81M | 3.30M |
| Liabilities | 13.07M | 9.74M | 7.80M | 5.74M | 4.12M | 4.16M |
| Stockholders' Equity Attributable to Parent | -9.96M | -6.35M | -7.54M | -5.53M | -3.89M | -2.36M |
| Common Stock, Shares, Outstanding | 129.04M | 128.61M | 38.77M | 20.37M | 20.22M | 9.23M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -1.48M | -2.32M | -1.99M | -1.71M | -2.43M | -1.47M |
| Payments to Acquire Property, Plant, and Equipment | 297.69K | 191.92K | 0 | 0 | 25.30K | 0 |
| Net Cash Provided by (Used in) Investing Activities | -297.69K | -191.92K | 0 | -204.52K | -25.30K | 0 |
| Net Cash Provided by (Used in) Financing Activities | 798.29K | 3.49M | 1.93M | 1.94M | 2.37M | 1.62M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2026 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -49.50K | 896.85K | -2.68M | -1.88M | -910.66K | -838.69K |
| EBITDA | -1.10M | -508.93K | -650.98K | -962.44K | -1.37M | -1.88M |
| Working Capital | -5.33M | -10.61M | -9.98M | -9.03M | -7.13M | -5.93M |
| Net Debt | 1.48M | 1.58M | 1.61M | 1.80M | 1.97M | 708.33K |
| Gross Margin | 47.29% | -39.93% | 23.77% | 19.06% | 24.25% | -220.92% |
| Operating Margin | -119.37% | -159.46% | -301.44% | -1039.47% | -320.96% | -3679.62% |
| Net Margin | -199.68% | -296.65% | -409.96% | -1317.81% | -371.06% | -10334.35% |
| Return on Equity (ROE) | 26.26% | 9.96% | 9.85% | 14.77% | 21.57% | 83.15% |
| Return on Assets (ROA) | -32.05% | -31.87% | -27.46% | -34.30% | -46.13% | -155.34% |
| Current Ratio | 0.47× | 0.15× | 0.17× | 0.20× | 0.22× | 0.34× |
| Debt-to-Equity | -0.21× | -0.16× | -0.18× | -0.21× | -0.27× | -0.27× |
| Cash Conversion Ratio | 0.03× | -0.92× | 2.61× | 1.31× | 0.44× | 0.12× |
| Accruals Ratio | -0.31× | -0.61× | 0.44× | 0.11× | -0.26× | -1.36× |
| SBC % of Revenue | 100.32% | — | — | — | 113.23% | — |
| CapEx Coverage | — | 54.32× | -8.53× | -6.43× | -3.47× | -3.37× |
| Free Cash Flow Per Share | $-0.00 | $0.01 | $-0.03 | — | $-0.01 | $-0.01 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2026 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 940.47K | 334.40K | 223.95K | 94.45K | 430.09K | 51.06K |
| Cost of Goods and Services Sold | 495.71K | 467.90K | 170.71K | 76.45K | 325.80K | 163.88K |
| Gross Profit | 444.75K | -133.51K | 53.24K | 18.00K | 104.29K | -112.81K |
| Research and Development Expense | 50.35K | 28.78K | 74.00K | 789 | 59.97K | -122.83K |
| Operating Expenses | 1.57M | 399.71K | 728.31K | 999.82K | 1.48M | 1.77M |
| Operating Income (Loss) | -1.12M | -533.22K | -675.07K | -981.82K | -1.38M | -1.88M |
| Net Income (Loss) Attributable to Parent | -1.88M | -992.00K | -918.11K | -1.24M | -1.60M | -5.28M |
| Weighted Average Number of Shares Outstanding, Basic | 138.98M | 132.21M | 132.04M | 131.45M | 129.94M | 88.73M |
| Earnings Per Share, Diluted | $-0.01 | $-0.01 | $-0.01 | $0.01 | $-0.01 | $-0.05 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2026 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 4.68M | 1.82M | 2.00M | 2.24M | 2.05M | 3.01M |
| Assets | 5.86M | 3.11M | 3.34M | 3.63M | 3.46M | 3.40M |
| Liabilities, Current | 10.01M | 12.43M | 11.98M | 11.27M | 9.18M | 8.94M |
| Liabilities | 13.01M | 13.07M | 12.67M | 12.06M | 10.86M | 9.74M |
| Stockholders' Equity Attributable to Parent | -7.15M | -9.96M | -9.33M | -8.43M | -7.40M | -6.35M |
| Common Stock, Shares, Outstanding | 146.91M | 129.04M | 132.11M | 131.71M | 130.77M | 128.61M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2026 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -49.50K | 913.67K | -2.40M | -1.63M | -707.14K | -646.78K |
| Payments to Acquire Property, Plant, and Equipment | 0 | 16.82K | 280.87K | 253.25K | 203.51K | 191.92K |
| Net Cash Provided by (Used in) Investing Activities | 0 | -16.82K | -280.87K | -253.25K | -203.51K | -191.92K |
| Net Cash Provided by (Used in) Financing Activities | 43.98K | -907.86K | 1.71M | 889.45K | -82.13K | 1.81M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TKLS CIK 0001429393),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.