TLSI (TLSI) financial statements
TLSI reported revenue of $45M in fiscal 2025, up 53.9% a year over 3 years.
Net income was -$39M.
Free cash flow was -$19M.
The diluted share count rose 12141% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TLSI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $12M | $19M | $29M | $45M |
| Cost of revenue | — | $2M | $3M | $4M | $7M |
| Gross profit | — | $10M | $16M | $25M | $38M |
| Research and development | — | $21M | $30M | $18M | $15M |
| Selling, general and admin | $3M | $25M | $41M | $44M | $50M |
| Operating income | -$3M | -$36M | -$54M | -$36M | -$27M |
| Interest expense | — | $1,000 | $16,000 | $3M | $6M |
| Pre-tax income | $5M | -$47M | -$59M | -$30M | -$39M |
| Income tax | $0 | $9,000 | $9,000 | $6,000 | $7,000 |
| Net income | $5M | -$47M | -$59M | -$30M | -$39M |
| EPS (diluted) | — | -$161.55 | -$6.77 | -$1.31 | -$1.84 |
| Diluted shares | — | 0M | 9M | 25M | 38M |
| Gross margin | — | 81.8% | 85.9% | 86.1% | 84.6% |
| Operating margin | — | -293.9% | -294.3% | -122.9% | -59.7% |
| Net margin | — | -380.6% | -320.7% | -102.1% | -86.9% |
Balance sheet
Fiscal years, from TLSI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $200,884 | $9M | $12M | $9M | $20M |
| Receivables | — | $2M | $4M | $5M | $7M |
| Inventory | — | $1M | $3M | $4M | $3M |
| Total current assets | $525,884 | $17M | $21M | $21M | $32M |
| Property, plant and equipment | — | $2M | $2M | $2M | $2M |
| Total assets | $251M | $22M | $25M | $24M | $35M |
| Total current liabilities | $2M | $32M | $15M | $10M | $11M |
| Long-term debt | — | — | $0 | $22M | $33M |
| Total liabilities | $17M | $34M | $52M | $50M | $69M |
| Shareholders' equity | -$130M | -$177M | -$27M | -$26M | -$34M |
| Net debt | -$200,884 | -$9M | -$12M | $14M | $13M |
Cash flow
Fiscal years, from TLSI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$32M | -$51M | -$41M | -$18M |
| Capital spending | — | $655,000 | $588,000 | $345,000 | $918,000 |
| Free cash flow | — | -$33M | -$51M | -$41M | -$19M |
| Stock-based compensation | — | $368,000 | $1M | $5M | $9M |
| Share buybacks (net) | — | -$232M | — | — | — |
| Free cash flow margin | — | -265.9% | -276.4% | -139.9% | -41.9% |
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Open TLSI in InvestinglyQuestions
What was TLSI's revenue in 2025?
$45M in fiscal 2025, from its 10-K filing.
How much free cash flow does TLSI generate?
-$19M in fiscal 2025 (operating cash flow minus capital spending).
From TLSI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.