TRNS (TRNS) financial statements
TRNS reported revenue of $332M in fiscal 2026, up 9.7% a year over 9 years.
Net income was $5M and the operating margin 4.0%, against 5.5% in 2017.
Free cash flow was $20M, and the company returned $469,000 in net buybacks.
The diluted share count rose 32% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TRNS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144M | $155M | $161M | $173M | $173M | $205M | $231M | $259M | $278M | $332M |
| Cost of revenue | $109M | $118M | $122M | $131M | $127M | $147M | $162M | $176M | $189M | $224M |
| Gross profit | $35M | $37M | $39M | $42M | $46M | $58M | $68M | $84M | $89M | $108M |
| Selling, general and admin | $27M | $28M | $29M | $32M | $35M | $44M | $52M | $64M | $72M | $95M |
| Operating income | $8M | $9M | $10M | $11M | $11M | $14M | $16M | $20M | $18M | $13M |
| Interest expense | — | — | — | — | — | $810,000 | $2M | $2M | $798,000 | $5M |
| Pre-tax income | $7M | $8M | $9M | $10M | $10M | $13M | $13M | $18M | $18M | $8M |
| Income tax | $3M | $2M | $2M | $2M | $2M | $2M | $3M | $5M | $4M | $3M |
| Net income | $5M | $6M | $7M | $8M | $8M | $11M | $11M | $14M | $15M | $5M |
| EPS (diluted) | $0.64 | $0.81 | $0.95 | $1.08 | $1.03 | $1.50 | $1.40 | $1.63 | $1.57 | $0.57 |
| Diluted shares | 7M | 7M | 8M | 7M | 8M | 8M | 8M | 8M | 9M | 9M |
| Gross margin | 24.3% | 24.1% | 24.5% | 24.5% | 26.6% | 28.5% | 29.6% | 32.3% | 32.1% | 32.6% |
| Operating margin | 5.5% | 5.8% | 6.4% | 6.3% | 6.4% | 6.9% | 7.0% | 7.6% | 6.4% | 4.0% |
| Net margin | 3.1% | 3.8% | 4.4% | 4.7% | 4.5% | 5.6% | 4.6% | 5.3% | 5.2% | 1.6% |
Balance sheet
Fiscal years, from TRNS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $842,000 | $577,000 | $788,000 | $499,000 | $560,000 | $1M | $2M | $35M | $2M | $5M |
| Receivables | $22M | $25M | $27M | $31M | $34M | $40M | $45M | $48M | $56M | $65M |
| Inventory | $10M | $13M | $14M | $14M | $12M | $13M | $17M | $17M | $14M | $14M |
| Total current assets | $36M | $41M | $45M | $48M | $49M | $60M | $68M | $105M | $78M | $92M |
| Property, plant and equipment | $16M | $17M | $20M | $21M | $22M | $26M | $29M | $39M | $50M | $58M |
| Goodwill | $33M | $33M | $35M | $42M | $43M | $65M | $69M | $106M | $177M | $218M |
| Total assets | $92M | $97M | $105M | $128M | $132M | $178M | $196M | $288M | $385M | $480M |
| Total current liabilities | $20M | $21M | $22M | $21M | $25M | $28M | $28M | $33M | $34M | $40M |
| Long-term debt | $26M | $21M | $19M | $28M | $17M | $46M | $47M | $2M | $31M | $100M |
| Total liabilities | $49M | $45M | $46M | $61M | $57M | $92M | $96M | $62M | $98M | $180M |
| Shareholders' equity | $43M | $51M | $60M | $67M | $75M | $86M | $100M | $225M | $287M | $301M |
| Net debt | $26M | $22M | $20M | $30M | $19M | $47M | $48M | -$15M | $31M | $95M |
Cash flow
Fiscal years, from TRNS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $10M | $13M | $12M | $24M | $18M | $17M | $33M | $39M | $35M |
| Capital spending | $5M | $6M | $7M | $7M | $7M | $10M | $9M | $13M | $13M | $15M |
| Free cash flow | $2M | $4M | $6M | $5M | $17M | $7M | $8M | $19M | $26M | $20M |
| Stock-based compensation | $453,000 | $1M | $1M | $884,000 | $2M | $2M | $3M | $5M | $3M | $8M |
| Share buybacks (net) | -$98,000 | -$360,000 | -$145,000 | -$3M | -$3M | -$7M | -$447,000 | -$5M | -$4M | -$469,000 |
| Net borrowing | $9M | $5M | $413,000 | -$2M | -$2M | -$2M | -$2M | -$2M | -$2M | — |
| Free cash flow margin | 1.6% | 2.6% | 3.5% | 2.9% | 9.8% | 3.6% | 3.3% | 7.5% | 9.3% | 5.9% |
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Open TRNS in InvestinglyQuestions
What was TRNS's revenue in 2026?
$332M in fiscal 2026, from its 10-K filing.
How much free cash flow does TRNS generate?
$20M in fiscal 2026 (operating cash flow minus capital spending).
From TRNS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.