TRC (TRC) financial statements
TRC reported revenue of $50M in fiscal 2025, up 0.8% a year over 9 years.
Net income was $75,000 and the operating margin -16.0%, against -14.7% in 2016.
The diluted share count rose 30% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TRC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46M | $35M | $46M | $50M | $38M | — | $79M | $45M | $42M | $50M |
| Gross profit | — | — | — | — | — | — | $31M | $13M | $13M | $14M |
| Operating income | -$7M | -$8M | $436,000 | -$1M | -$7M | -$260,000 | $14M | -$4M | -$9M | -$8M |
| Pre-tax income | $1M | -$3M | $6M | $15M | $82,000 | $9M | $23M | $6M | $4M | $1M |
| Income tax | $496,000 | -$1M | $1M | $4M | $829,000 | $4M | $7M | $2M | $976,000 | $1M |
| Net income | $800,000 | -$2M | $4M | $11M | -$740,000 | $5M | $16M | $3M | $3M | $75,000 |
| EPS (diluted) | $0.04 | -$0.08 | $0.16 | $0.40 | -$0.03 | $0.20 | $0.59 | $0.12 | $0.10 | $0.00 |
| Diluted shares | 21M | 22M | 26M | 26M | 26M | 26M | 27M | 27M | 27M | 27M |
| Gross margin | — | — | — | — | — | — | 39.4% | 29.1% | 30.5% | 29.2% |
| Operating margin | -14.7% | -21.3% | 1.0% | -2.9% | -17.8% | — | 17.3% | -8.3% | -22.0% | -16.0% |
| Net margin | 1.7% | -5.1% | 9.3% | 21.4% | -2.0% | — | 20.0% | 7.3% | 6.4% | 0.2% |
Balance sheet
Fiscal years, from TRC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $91M | $80M | $66M | $58M | $47M | $73M | $64M | $54M | $25M |
| Receivables | $9M | $8M | $11M | $10M | $5M | $6M | $4M | $8M | $8M | $9M |
| Inventory | $3M | $2M | $3M | $3M | $3M | $6M | $3M | $3M | $4M | $3M |
| Total current assets | $43M | $104M | $96M | $82M | $69M | $63M | $83M | $80M | $69M | $39M |
| Property, plant and equipment | $46M | $45M | $46M | $45M | $46M | $51M | $53M | $54M | $56M | $59M |
| Total assets | $440M | $518M | $529M | $539M | $536M | $546M | $567M | $578M | $608M | $630M |
| Total current liabilities | $19M | $10M | $16M | $15M | $13M | $16M | $12M | $12M | $17M | $9M |
| Long-term debt | $70M | $66M | $62M | $57M | $53M | $48M | $48M | $0 | — | — |
| Total liabilities | $105M | $91M | $94M | $94M | $91M | $90M | $89M | $94M | $119M | $140M |
| Shareholders' equity | $306M | $398M | $419M | $430M | $430M | $441M | $462M | $468M | $474M | $475M |
| Net debt | $72M | $50M | $50M | $35M | $2M | $16M | $11M | -$32M | -$39M | -$10M |
Cash flow
Fiscal years, from TRC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $10M | $14M | $16M | $15M | $3M | $9M | $14M | $14M | $6M |
| Capital spending | $26M | $22M | $23M | $25M | $22M | $21M | $23M | $21M | $57M | — |
| Free cash flow | -$21M | -$12M | -$8M | -$9M | -$7M | -$18M | -$14M | -$8M | -$43M | — |
| Stock-based compensation | $5M | $4M | $3M | $3M | $4M | $4M | $3M | $3M | $4M | $2M |
| Net borrowing | -$815,000 | -$4M | -$4M | -$4M | -$5M | -$4M | -$3M | -$50M | $0 | $0 |
| Free cash flow margin | -45.2% | -33.7% | -18.0% | -18.5% | -17.9% | — | -17.8% | -17.2% | -102.5% | — |
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What was TRC's revenue in 2025?
$50M in fiscal 2025, from its 10-K filing.
From TRC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.