TBCH (TBCH) financial statements
TBCH reported revenue of $320M in fiscal 2025, up 7.0% a year over 9 years.
Net income was $16M and the operating margin 8.6%, against -44.7% in 2016.
Free cash flow was $34M, and the company returned $19M in net buybacks.
The diluted share count rose 68% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TBCH's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174M | $149M | $287M | $235M | $360M | $366M | $240M | $258M | $373M | $320M |
| Cost of revenue | $131M | $98M | $179M | $156M | $226M | $238M | $191M | $183M | $244M | $201M |
| Gross profit | $43M | $51M | $109M | $79M | $134M | $128M | $49M | $76M | $129M | $119M |
| Research and development | $8M | $6M | $6M | $8M | $12M | $17M | $19M | $17M | $17M | $17M |
| Selling, general and admin | $48M | $40M | $49M | $60M | $72M | $90M | $80M | $75M | $81M | $83M |
| Operating income | -$78M | $5M | $54M | $10M | $49M | $20M | -$51M | -$16M | $20M | $28M |
| Interest expense | $7M | $8M | $5M | $929,000 | $467,000 | $383,000 | $1M | $504,000 | $8M | $8M |
| Pre-tax income | -$88M | -$3M | $41M | $12M | $52M | $20M | -$54M | -$17M | $11M | $17M |
| Income tax | -$387,000 | $593,000 | $2M | -$6M | $14M | $2M | $5M | $338,000 | -$6M | $1M |
| Net income | -$87M | -$3M | $39M | $18M | $39M | $18M | -$60M | -$18M | $16M | $16M |
| EPS (diluted) | -$7.18 | -$0.26 | $2.74 | $1.04 | $2.37 | $0.97 | -$3.62 | -$1.03 | $0.78 | $0.77 |
| Diluted shares | 12M | 12M | 14M | 16M | 16M | 18M | 20M | 17M | 21M | 20M |
| Gross margin | 24.5% | 34.2% | 37.8% | 33.5% | 37.2% | 35.0% | 20.5% | 29.3% | 34.6% | 37.3% |
| Operating margin | -44.7% | 3.2% | 18.8% | 4.4% | 13.7% | 5.6% | -21.4% | -6.4% | 5.4% | 8.6% |
| Net margin | -50.1% | -2.2% | 13.6% | 7.6% | 10.8% | 4.8% | -24.8% | -6.8% | 4.3% | 4.9% |
Balance sheet
Fiscal years, from TBCH's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $5M | $7M | $8M | $47M | $38M | $11M | $19M | $13M | $17M |
| Receivables | $55M | $51M | $53M | $45M | $44M | $36M | $43M | $54M | $93M | $77M |
| Inventory | $22M | $28M | $49M | $46M | $71M | $102M | $71M | $44M | $71M | $69M |
| Total current assets | $87M | $87M | $114M | $103M | $170M | $193M | $135M | $125M | $188M | $174M |
| Property, plant and equipment | $4M | $5M | $6M | $4M | $7M | $7M | $6M | $5M | $6M | $3M |
| Goodwill | $0 | $0 | $0 | $9M | $8M | $11M | $11M | $11M | $53M | $50M |
| Total assets | $95M | $94M | $122M | $131M | $203M | $231M | $163M | $150M | $299M | $269M |
| Total current liabilities | $67M | $68M | $74M | $65M | $79M | $78M | $64M | $56M | $124M | $88M |
| Long-term debt | $28M | $28M | $0 | — | — | — | — | — | $46M | $46M |
| Total liabilities | $115M | $116M | $84M | $68M | $87M | $89M | $74M | $65M | $178M | $141M |
| Shareholders' equity | -$21M | -$22M | $37M | $63M | $116M | $141M | $89M | $85M | $121M | $128M |
| Net debt | $23M | $22M | -$7M | -$8M | -$47M | -$38M | -$11M | -$19M | $34M | $38M |
Cash flow
Fiscal years, from TBCH's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | $3M | $42M | $39M | $51M | -$327,000 | -$42M | $27M | $6M | $35M |
| Capital spending | $3M | $4M | $5M | $2M | $6M | $6M | $4M | $2M | $5M | $1M |
| Free cash flow | -$5M | -$993,000 | $37M | $37M | $45M | -$6M | -$45M | $25M | $847,000 | $34M |
| Stock-based compensation | $4M | $1M | $2M | $4M | $6M | $8M | $8M | $12M | $6M | $6M |
| Share buybacks (net) | $0 | $0 | -$246,000 | -$3M | — | -$5M | — | -$974,000 | -$28M | -$19M |
| Free cash flow margin | -2.9% | -0.7% | 12.9% | 16.0% | 12.6% | -1.6% | -18.9% | 9.6% | 0.2% | 10.6% |
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Open TBCH in InvestinglyQuestions
What was TBCH's revenue in 2025?
$320M in fiscal 2025, from its 10-K filing.
How much free cash flow does TBCH generate?
$34M in fiscal 2025 (operating cash flow minus capital spending).
From TBCH's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.