TBN (TBN) financial statements
TBN reported revenue of $0 in fiscal 2026.
Net income was -$26M.
The diluted share count rose 138% over the period (dilution).
Income statement
Fiscal years, from TBN's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | $0 | $0 | $0 |
| Research and development | $0 | $6M | $123,000 |
| Selling, general and admin | $2M | $6M | $7M |
| Operating income | -$21M | -$39M | -$33M |
| Income tax | $0 | $0 | $0 |
| Net income | -$22M | -$37M | -$26M |
| EPS (diluted) | -$2.32 | -$2.52 | -$1.16 |
| Diluted shares | 9M | 15M | 22M |
Balance sheet
Fiscal years, from TBN's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Cash and short-term investments | $75M | $39M | $219M |
| Total current assets | $97M | $57M | $243M |
| Property, plant and equipment | $102,244 | $308,000 | $744,000 |
| Total assets | $359M | $446M | $1.2B |
| Total current liabilities | $28M | $37M | $93M |
| Long-term debt | — | $0 | $59M |
| Total liabilities | $51M | $57M | $184M |
| Shareholders' equity | $263M | $288M | $796M |
| Net debt | -$75M | -$39M | -$160M |
Cash flow
Fiscal years, from TBN's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating cash flow | -$11M | -$30M | -$35M |
| Stock-based compensation | $555,525 | $4M | $4M |
| Net borrowing | — | $0 | $59M |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TBN.
Open TBN in InvestinglyQuestions
What was TBN's revenue in 2026?
$0 in fiscal 2026, from its 10-K filing.
From TBN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.