Titan Environmental Solutions Inc. (TESI) Financial Statements (2025 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)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments676573104598
Cash and cash equivalent676573104598
Receivables1,2121,8232,0879359711,200
Inventory, net of allowances, customer advances and progress billings  350505220145351
Inventory  350505220145351
Other undisclosed current assets429128157219256244
Total current assets:1,6472,3772,8061,3771,4752,393
Noncurrent Assets
Operating lease, right-of-use asset4314945571,4811,5831,421
Property, plant and equipment12,72211,20011,5746,4035,7815,404
Intangible assets, net (including goodwill)12,99116,09626,65212,97913,17117,555
Goodwill12,44115,52920,3826,5176,5176,651
Intangible assets, net (excluding goodwill)5505676,2706,4626,65410,904
Other noncurrent assets2029166681668
Total noncurrent assets:26,16427,81938,79821,53120,70024,388
TOTAL ASSETS:27,81130,19641,60422,90822,17526,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,2378,4857,4385,2164,0732,911
Accounts payable6,906     
Accrued liabilities331229259161144169
Other undisclosed accounts payable and accrued liabilities  8,2567,1795,0563,9292,742
Debt5,4634,8635,4654,4203,9333,731
Derivative instruments and hedges, liabilities     1826
Other liabilities      
Other undisclosed current liabilities6,1075,3744,9694,8654,3874,047
Total current liabilities:18,80818,72117,87214,50112,41110,714
Noncurrent Liabilities
Long-term debt and lease obligation3,3336,0956,2363,281  
Long-term debt, excluding current maturities3,2816,0366,1693,281  
Finance lease, liability 516068   
Liabilities, other than long-term debt2693133561,2001,2911,188
Other liabilities      
Operating lease, liability2693133561,2001,2911,188
Other undisclosed noncurrent liabilities 2,268 2442363,1753,030
Total noncurrent liabilities:5,8706,4096,8364,7174,4664,218
Total liabilities:24,67825,13024,70819,21716,87614,933
Equity
Equity, attributable to parent, including:(4,714)(2,635)9,9963,6905,29911,849
Common stock333322
Additional paid in capital167,769166,472165,549156,889155,378154,003
Accumulated deficit(172,486)(169,110)(155,555)(153,201)(150,080)(142,156)
Other undisclosed equity, attributable to parent000000
Other undisclosed equity7,8477,7016,900   
Total equity:3,1345,06616,8963,6905,29911,849
TOTAL LIABILITIES AND EQUITY:27,81130,19641,60422,90822,17526,781

Income Statement (P&L) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues1,2743,8832,6611,7562,056935
Cost of revenue(2,068)(3,447)(2,103)(1,623)(1,799)(1,963)
Other undisclosed gross profit      1,671
Gross profit:(794)436558133257644
Operating expenses10,011(11,947)(2,334)(1,955)(22,144)(2,464)
Operating income (loss):9,217(11,511)(1,775)(1,822)(21,887)(1,820)
Nonoperating income (expense)(1,455)(2,043)(579)(437)15,038(116,768)
Other nonoperating income (expense)(28)315556(28)38
Interest and debt expense(696)(219)(270)(235)(202)(178)
Other undisclosed income from continuing operations before equity method investments, income taxes   270235593 
Income (loss) from continuing operations before equity method investments, income taxes:7,067(13,773)(2,354)(2,259)(6,457)(118,765)
Other undisclosed income (loss) from continuing operations before income taxes696219    
Income (loss) from continuing operations before income taxes:7,763(13,554)(2,354)(2,259)(6,457)(118,765)
Other undisclosed income from continuing operations     940 
Income (loss) from continuing operations:7,763(13,554)(2,354)(2,259)(5,518)(118,765)
Other undisclosed net loss (11,139)     
Net loss:(3,376)(13,554)(2,354)(2,259)(5,518)(118,765)
Other undisclosed net income (loss) attributable to parent     (1,332)178
Net loss attributable to parent:(3,376)(13,554)(2,354)(2,259)(6,849)(118,587)
Preferred stock dividends and other adjustments   (862)  
Other undisclosed net loss available to common stockholders, basic  (145)(3,958) (1,075) 
Net loss available to common stockholders, diluted:(3,376)(13,700)(6,312)(3,121)(7,924)(118,587)

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net loss:(3,376)(13,554)(2,354)(2,259)(5,518)(118,765)
Comprehensive loss, net of tax, attributable to parent:(3,376)(13,554)(2,354)(2,259)(5,518)(118,765)

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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