TRDA (TRDA) financial statements
TRDA reported revenue of $25M in fiscal 2025, down 55.6% a year over 2 years.
Net income was -$144M.
Free cash flow was -$130M.
The diluted share count rose 3643% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TRDA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $129M | $211M | $25M |
| Research and development | $21M | $36M | $67M | $100M | $125M | $142M |
| Selling, general and admin | $6M | $15M | $31M | $32M | $38M | $41M |
| Operating income | -$27M | -$51M | -$97M | -$3M | $47M | -$158M |
| Income tax | $0 | $0 | $0 | $19M | $859,000 | $924,000 |
| Net income | -$27M | -$51M | -$95M | -$7M | $66M | -$144M |
| EPS (diluted) | -$24.00 | -$8.16 | -$3.02 | -$0.20 | $1.68 | -$3.47 |
| Diluted shares | 1M | 6M | 31M | 33M | 39M | 41M |
| Operating margin | — | — | — | -2.5% | 22.3% | -621.1% |
| Net margin | — | — | — | -5.2% | 31.1% | -565.5% |
Balance sheet
Fiscal years, from TRDA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $39M | $291M | $189M | $352M | $420M | $296M |
| Total current assets | $40M | $299M | $210M | $370M | $440M | $306M |
| Property, plant and equipment | $3M | $6M | $8M | $11M | $11M | $7M |
| Total assets | $44M | $306M | $252M | $469M | $526M | $377M |
| Total current liabilities | $3M | $7M | $22M | $159M | $39M | $24M |
| Total liabilities | $3M | $7M | $40M | $227M | $98M | $71M |
| Shareholders' equity | -$41M | $299M | $213M | $242M | $429M | $306M |
| Net debt | -$39M | -$291M | -$45M | -$68M | -$101M | -$90M |
Cash flow
Fiscal years, from TRDA's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$26M | -$51M | -$94M | $140M | -$42M | -$129M |
| Capital spending | $2M | $5M | $3M | $6M | $3M | $1M |
| Free cash flow | -$28M | -$55M | -$97M | $134M | -$45M | -$130M |
| Stock-based compensation | $325,000 | $3M | $10M | $13M | $18M | $20M |
| Free cash flow margin | — | — | — | 104.0% | -21.2% | -509.6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TRDA.
Open TRDA in InvestinglyQuestions
What was TRDA's revenue in 2025?
$25M in fiscal 2025, from its 10-K filing.
How much free cash flow does TRDA generate?
-$130M in fiscal 2025 (operating cash flow minus capital spending).
From TRDA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.