TROO (TROO) financial statements
TROO reported revenue of $17M in fiscal 2025, up 14.5% a year over 9 years.
Net income was -$28M and the operating margin -172.8%, against -78.3% in 2016.
Free cash flow was $690,000, and the company returned $4M in net buybacks.
The diluted share count rose 1526% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TROO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $51,000 | $2M | $5M | $4M | $4M | $4M | $4M | $10M | $17M |
| Cost of revenue | $5M | $1M | $1M | $2M | $5M | $3M | $3M | $3M | $8M | $16M |
| Gross profit | $202,000 | -$1M | $313,000 | $3M | -$1M | $360,000 | $822,000 | $776,000 | $2M | $2M |
| Selling, general and admin | $4M | $2M | $2M | $4M | $3M | $3M | $2M | $3M | $4M | $18M |
| Operating income | -$4M | -$9M | -$2M | -$732,000 | -$67M | -$9M | -$536,000 | -$2M | -$6M | -$30M |
| Interest expense | $15,000 | $13,000 | $58,000 | $0 | $1M | $103,000 | $59,000 | $62,000 | — | — |
| Pre-tax income | -$5M | -$9M | -$2M | -$533,000 | -$68M | -$9M | -$402,000 | -$2M | -$13M | -$29M |
| Income tax | -$315,000 | -$350,000 | $16,000 | $410,000 | -$309,000 | -$126,000 | -$56,000 | -$140,000 | $27,000 | -$2M |
| Net income | -$5M | -$11M | -$12M | -$19M | -$68M | -$8M | -$346,000 | -$2M | -$13M | -$28M |
| EPS (diluted) | -$0.68 | -$0.99 | -$0.35 | -$0.24 | -$0.69 | -$0.08 | -$0.01 | -$0.02 | -$0.13 | -$0.23 |
| Diluted shares | 7M | 11M | 35M | 79M | 98M | 102M | 102M | 102M | 102M | 121M |
| Gross margin | 4.0% | -2533.3% | 19.9% | 53.5% | -24.8% | 9.8% | 21.2% | 21.7% | 19.3% | 9.1% |
| Operating margin | -78.3% | -17894.1% | -156.8% | -14.3% | -1568.6% | -239.1% | -13.8% | -50.5% | -56.9% | -172.8% |
| Net margin | -99.6% | -21988.2% | -788.0% | -379.3% | -1582.1% | -228.4% | -8.9% | -48.2% | -133.2% | -163.2% |
Balance sheet
Fiscal years, from TROO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29,000 | $5M | $14M | $5M | $3M | $3M | $3M | $3M | $5M | $4M |
| Receivables | $119,000 | $0 | $12,000 | $12,000 | $8,000 | $8,000 | — | $2,000 | $1M | $456,000 |
| Total current assets | $7M | $6M | $77M | $46M | $26M | $6M | $12M | $11M | $20M | $15M |
| Property, plant and equipment | $5,000 | $511,000 | $58M | $55M | $52M | $51M | $49M | $47M | $45M | $29M |
| Goodwill | $37M | $31M | $248,000 | $4M | $5M | $385,000 | $385,000 | $385,000 | $12M | $12M |
| Total assets | $100M | $98M | $191M | $140M | $90M | $70M | $70M | $70M | $79M | $69M |
| Total current liabilities | $7M | $3M | $10M | $6M | $7M | $2M | $2M | $5M | $6M | $17M |
| Total liabilities | $14M | $15M | $23M | $20M | $20M | $8M | $7M | $10M | $11M | $20M |
| Shareholders' equity | $87M | $84M | $138M | $120M | $71M | $63M | $62M | $61M | $68M | $49M |
| Net debt | -$29,000 | -$5M | -$14M | -$5M | -$3M | -$3M | -$3M | -$3M | -$5M | -$4M |
Cash flow
Fiscal years, from TROO's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1M | -$8M | -$36M | $3M | $22M | $12M | -$368,000 | -$7M | $2M | $807,000 |
| Capital spending | $0 | $0 | $0 | $257,000 | $118,000 | $402,000 | $156,000 | $221,000 | $251,000 | $117,000 |
| Free cash flow | -$1M | -$8M | -$36M | $3M | $22M | $12M | -$524,000 | -$7M | $2M | $690,000 |
| Stock-based compensation | $2M | $741,000 | $534,000 | $600,000 | $680,000 | $261,000 | — | — | — | — |
| Share buybacks (net) | — | — | — | — | — | — | — | — | — | -$4M |
| Free cash flow margin | -21.3% | -15641.2% | -2304.1% | 55.9% | 506.3% | 322.8% | -13.5% | -189.4% | 16.9% | 4.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TROO.
Open TROO in InvestinglyQuestions
What was TROO's revenue in 2025?
$17M in fiscal 2025, from its 10-K filing.
How much free cash flow does TROO generate?
$690,000 in fiscal 2025 (operating cash flow minus capital spending).
From TROO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.