Titan Environmental Solutions Inc. (TESI) Financial Statements (2026 and earlier)

Company Profile

Business Address 8701 GRINNELL STREET
DETROIT, MI 48213
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6104156309
Cash and cash equivalent6104156309
Restricted cash and investments     58192
Receivables1,212971 774749602
Inventory, net of allowances, customer advances and progress billings  145    
Inventory  145    
Other current assets   45   
Other undisclosed current assets4292562015026416
Total current assets:1,6471,475669811,101819
Noncurrent Assets
Operating lease, right-of-use asset4311,583 112126537
Nontrade receivables    122  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization12,7225,781 343649
Long-term investments and receivables     4142
Long-term investments     4142
Intangible asset, including goodwill, after accumulated amortization12,99113,171 7,070445478
Goodwill12,4416,517 5,863  
Intangible asset, excluding goodwill, after accumulated amortization5506,654 1,207445478
Other noncurrent assets20166    
Other undisclosed noncurrent assets    23332215
Total noncurrent assets:26,16420,700 7,5726801,321
TOTAL ASSETS:27,81122,175668,5531,7812,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,2374,0732262,1461,164884
Taxes payable✕✕✕✕724751
Employee-related liabilities✕✕✕✕427338302
Accounts payable6,906     
Accrued liabilities33114424   
Other undisclosed accounts payable and accrued liabilities  3,9292021,646779531
Debt5,4633,933752438322742
Derivative instruments and hedges, liabilities  182171,153  
Other liabilities      
Due to related parties✕✕✕4003,8921,8431,307
Other undisclosed current liabilities6,1074,387883,196624584
Total current liabilities:18,80812,4111,68310,8253,9533,516
Noncurrent Liabilities
Long-term debt and lease obligation3,333  146185452
Long-term debt, excluding current maturities3,281  366019
Finance lease, liability 51     
Liabilities, other than long-term debt2691,291    
Other liabilities      
Operating lease, liability2691,291 110125433
Other undisclosed noncurrent liabilities 2,2683,175 (110)(125)32
Total noncurrent liabilities:5,8704,466 146185484
Total liabilities:24,67816,8761,68310,9714,1384,000
Equity
Equity, attributable to parent, including:(4,714)5,299(1,616)(2,414)(2,357)(1,860)
Common stock322033
Additional paid in capital167,769155,37815,9056,50911713
Accumulated other comprehensive income    312821
Accumulated deficit(172,486)(150,080)(17,523)(8,954)(2,505)(1,897)
Other undisclosed equity, attributable to parent000 00
Equity, attributable to noncontrolling interest    (4)  
Other undisclosed equity7,847     
Total equity:3,1345,299(1,616)(2,418)(2,357)(1,860)
TOTAL LIABILITIES AND EQUITY:27,81122,175668,5531,7812,139

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues9,5747,62522,7121,010681
Cost of revenue(9,241)(6,503)(54)(2,204)(547)(431)
Gross profit:3331,121(53)509463249
Operating expenses(6,225)(32,402)(1,340)(5,461)(818)(695)
Other undisclosed operating loss   (0)   
Operating loss:(5,892)(31,280)(1,393)(4,953)(355)(446)
Nonoperating income (expense)(4,513)(117,725)(1,009)(1,411)(252)222
Investment income, nonoperating   (5,804)  417
Interest and debt expense(1,420)(593)(557)(456)65(250)
Other undisclosed income from continuing operations before equity method investments, income taxes 593    
Loss from continuing operations before equity method investments, income taxes:(11,824)(149,005)(2,959)(6,819)(542)(473)
Other undisclosed income (loss) from continuing operations before income taxes1,420 557456(65)250
Loss from continuing operations before income taxes:(10,404)(149,005)(2,402)(6,364)(607)(223)
Income tax expense (benefit) 5,157940 (90)(1) 
Other undisclosed loss from continuing operations (5,157)     
Loss from continuing operations:(10,404)(148,065)(2,402)(6,453)(608)(223)
Loss before gain (loss) on sale of properties:✕✕✕✕(6,453)(608)(223)
Income (loss) from discontinued operations (11,139) 325   
Other undisclosed net loss  (7,095)   
Net loss:(21,543)(148,065)(9,172)(6,453)(608)(223)
Net income attributable to noncontrolling interest    4  
Other undisclosed net loss attributable to parent  (940)    
Net loss attributable to parent:(21,543)(149,005)(9,172)(6,449)(608)(223)
Preferred stock dividends and other adjustments(862)(1,075)    
Other undisclosed net loss available to common stockholders, basic(4,104)     
Net loss available to common stockholders, diluted:(26,509)(150,080)(9,172)(6,449)(608)(223)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(21,543)(148,065)(9,172)(6,453)(608)(223)
Other comprehensive income    36 
Comprehensive loss:(21,543)(148,065)(9,172)(6,450)(601)(223)
Comprehensive income, net of tax, attributable to noncontrolling interest    4  
Comprehensive loss, net of tax, attributable to parent:(21,543)(148,065)(9,172)(6,446)(601)(223)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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