Tungray Technologies Inc Class A Ordinary Shares (TRSG) Revenue History
Annual and quarterly revenue from 2020 to present
TRSG Revenue Over Time (2020–2025)
TRSG Revenue Growth History
2 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +88.6%
- FY2022 revenue growth
- -8.9%
- FY2023 revenue growth
- +21.3%
- FY2024 revenue growth
- -10.8%
- FY2025 revenue growth
- -6.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $6.3M | -14.0% |
| Q2 2025 | $7.4M | +37.0% |
| Q4 2024 | $7.4M | -18.1% |
| Q2 2024 | $5.4M | +1.5% |
| Q4 2023 | $9.0M | +14.7% |
| Q2 2023 | $5.4M | — |
| Q4 2022 | $7.9M | — |
TRSG Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 23, 2026, Tungray Technologies Inc Class A Ordinary Shares (TRSG) generated trailing twelve-month (TTM) revenue of $26.6 million, reflecting significant decline in growth of -14.0% year-over-year. The most recent quarter (Q4 2025) recorded $6.3 million in revenue, down 14.8% sequentially.
Historical Growth Trajectory
TRSG's 5-year compound annual growth rate (CAGR) stands at +11.6%, indicating consistent double-digit revenue growth. The 3-year CAGR of +0.3% is below the 5-year average, signalling a growth deceleration in recent years. Tungray Technologies Inc Class A Ordinary Shares's highest annual revenue of $14.4 million was recorded in 2023.
Peer Comparison
Compared to Industrials sector peers — including CLPS (+0.9% YoY), CNET (-75.3% YoY), and AIXI (-22.9% YoY) — TRSG has outperformed the peer group in revenue growth. Compare TRSG vs CLPS →
TRSG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRSGCurrent | $27M | -14.0% | +11.6% | -1.5% | |
 CLPS | $164M | +0.9% | +13.0% | -4.0% | |
 CNET | $5M | -75.3% | -34.5% | -42.3% | |
 AIXI | $12M | -22.9% | -2.3% | -783.6% | |
 BTBT | $114M | - | - | -49.8% | |
 CODA | $27M | +22.8% | +5.8% | 17.1% |
TRSG Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12.0M | -6.7% | $5.5M | 45.9% | $-185,067 | -1.5% |
| 2024 | $12.8M | -10.8% | $5.6M | 43.7% | $-656,100 | -5.1% |
| 2023 | $14.4M | +21.3% | $6.7M | 46.7% | $1.1M | 7.8% |
| 2022 | $11.8M | -8.9% | $6.7M | 56.3% | $2.3M | 19.7% |
| 2021 | $13.0M | +88.6% | $6.7M | 51.9% | $3.5M | 26.8% |
| 2020 | $6.9M | - | $3.3M | 48.3% | $1.1M | 16.6% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TRSG — Frequently Asked Questions
Quick answers to the most common questions about buying TRSG stock.
Is TRSG's revenue growth accelerating or slowing?
TRSG revenue is declining -14.0% year-over-year. TTM revenue fell to $27M, contrasting with the 5-year CAGR of +11.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is TRSG's revenue history from 2020 to 2026?
Tungray Technologies Inc Class A Ordinary Shares (TRSG) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $27M, growing at -14.0% YoY. The 5-year CAGR is +11.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TRSG's long-term revenue growth rate (CAGR)?
Tungray Technologies Inc Class A Ordinary Shares's 5-year revenue CAGR of +11.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -14.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TRSG.
Why does TRSG's quarterly revenue fluctuate?
TRSG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Tungray Technologies Inc Class A Ordinary Shares's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is TRSG's revenue distributed by segment?
TRSG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TRSG's revenue compare to industry peers?
Tungray Technologies Inc Class A Ordinary Shares (TRSG) with TTM revenue of $27M and -14.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.