TWIN (TWIN) financial statements
TWIN reported revenue of $381M in fiscal 2026, up 9.5% a year over 9 years.
Net income was $27M and the operating margin 4.7%, against -5.3% in 2017.
Free cash flow was $9M, and the company returned $2M in dividends.
The diluted share count rose 30% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TWIN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168M | $241M | $303M | $247M | $219M | $243M | $277M | $295M | $341M | $381M |
| Cost of revenue | $120M | $160M | $213M | $191M | $168M | $174M | $203M | $212M | $247M | $279M |
| Gross profit | $48M | $81M | $90M | $56M | $51M | $69M | $74M | $83M | $94M | $103M |
| Research and development | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M |
| Selling, general and admin | $53M | $61M | $72M | $63M | $56M | $60M | $62M | $72M | $82M | $84M |
| Operating income | -$9M | $16M | $18M | -$40M | -$12M | $11M | $16M | $11M | $11M | $18M |
| Interest expense | $303,000 | $282,000 | $2M | $2M | $2M | $2M | $2M | $1M | $3M | $3M |
| Pre-tax income | -$10M | $14M | $15M | -$44M | -$10M | $13M | $14M | $15M | $3M | $14M |
| Income tax | -$3M | $5M | $4M | -$4M | $20M | $2M | $4M | $4M | $3M | -$14M |
| Net income | -$6M | $10M | $11M | -$40M | -$30M | $10M | $10M | $11M | -$697,000 | $27M |
| EPS (diluted) | -$0.56 | $0.82 | $0.83 | -$3.03 | -$2.24 | $0.78 | $0.75 | $0.79 | -$0.05 | $1.86 |
| Diluted shares | 11M | 11M | 13M | 13M | 13M | 13M | 14M | 14M | 14M | 15M |
| Gross margin | 28.7% | 33.5% | 29.6% | 22.6% | 23.3% | 28.3% | 26.8% | 28.2% | 27.6% | 26.9% |
| Operating margin | -5.3% | 6.7% | 6.1% | -16.3% | -5.6% | 4.5% | 5.8% | 3.9% | 3.3% | 4.7% |
| Net margin | -3.7% | 4.0% | 3.5% | -16.1% | -13.6% | 4.3% | 3.7% | 3.7% | -0.2% | 7.1% |
Balance sheet
Fiscal years, from TWIN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $16M | $15M | $12M | $11M | $12M | $13M | $13M | $20M | $16M | $16M |
| Receivables | $31M | $45M | $44M | $31M | $39M | $45M | $55M | $52M | $59M | $67M |
| Inventory | $66M | $84M | $126M | $121M | $115M | $127M | $132M | $130M | $184M | $178M |
| Total current assets | $129M | $159M | $202M | $174M | $192M | $204M | $220M | $220M | $279M | $278M |
| Property, plant and equipment | $48M | $55M | $71M | $58M | $45M | $42M | $39M | $58M | $70M | $68M |
| Goodwill | $3M | $3M | $26M | $0 | $0 | $0 | $0 | $0 | $3M | $3M |
| Total assets | $211M | $241M | $294M | $294M | $275M | $277M | $289M | $312M | $388M | $401M |
| Total current liabilities | $45M | $62M | $75M | $67M | $79M | $81M | $100M | $100M | $126M | $119M |
| Long-term debt | $6M | $5M | $40M | $38M | $30M | $35M | $17M | $24M | $28M | $28M |
| Total liabilities | $87M | $98M | $164M | $154M | $145M | $145M | $144M | $157M | $191M | $181M |
| Shareholders' equity | $123M | $143M | $182M | $139M | $130M | $131M | $145M | $155M | $196M | $220M |
| Net debt | -$10M | -$10M | $30M | $32M | $20M | $24M | $5M | $6M | $15M | $14M |
Cash flow
Fiscal years, from TWIN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3M | $7M | -$5M | $9M | $7M | -$8M | $23M | $34M | $24M | $23M |
| Capital spending | $3M | $6M | $12M | $11M | $4M | $5M | $8M | $9M | $15M | $14M |
| Free cash flow | $45,000 | $183,000 | -$17M | -$2M | $2M | -$13M | $15M | $25M | $9M | $9M |
| Dividends paid | — | — | — | — | — | — | $0 | $2M | $2M | $2M |
| Free cash flow margin | 0.0% | 0.1% | -5.8% | -0.6% | 0.9% | -5.4% | 5.4% | 8.5% | 2.6% | 2.4% |
| Dividends per share | — | — | — | — | — | — | — | $0.12 | $0.16 | $0.16 |
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Open TWIN in InvestinglyQuestions
What was TWIN's revenue in 2026?
$381M in fiscal 2026, from its 10-K filing.
How much free cash flow does TWIN generate?
$9M in fiscal 2026 (operating cash flow minus capital spending).
From TWIN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.