Trio-Tech International (TRT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 16.51M | 15.65M | 15.51M | 10.67M | 7.38M | 8.62M | 9.8M | 9.75M | 10.4M | 12.2M | 9.97M | 9.08M | 9.84M | 12.39M | 11.94M | 11.83M | 11.14M | 10.92M | 10.17M | 9.31M |
| Revenue Growth % | 123.61% | 81.56% | 58.32% | 9.49% | -28.99% | -29.36% | -1.68% | 7.35% | 5.65% | -1.52% | -16.53% | -23.28% | -11.64% | 13.44% | 17.38% | 27.14% | 37.3% | 33.18% | 48.68% | 29.66% |
| Cost of Goods Sold | 13.96M | 13.15M | 12.93M | 8.04M | 5.41M | 6.4M | 7.48M | 7.06M | 7.7M | 9.35M | 7.45M | 6.79M | 7.38M | 9.05M | 8.32M | 8.64M | 8.66M | 8.03M | 6.99M | 7.09M |
| COGS % of Revenue | 84.53% | 84.03% | 83.34% | 75.37% | 73.24% | 74.27% | 76.3% | 72.45% | 74% | 76.61% | 74.71% | 74.78% | 75.03% | 73.08% | 69.66% | 73.04% | 77.79% | 73.54% | 68.74% | 76.13% |
| Gross Profit | 2.55M | 2.5M | 2.58M | 2.63M | 1.98M | 2.22M | 2.32M | 2.69M | 2.7M | 2.85M | 2.52M | 2.29M | 2.46M | 3.33M | 3.62M | 3.19M | 2.47M | 2.89M | 3.18M | 2.22M |
| Gross Margin % | 15.47% | 15.97% | 16.66% | 24.63% | 26.76% | 25.73% | 23.7% | 27.55% | 26% | 23.39% | 25.29% | 25.22% | 24.97% | 26.92% | 30.34% | 26.96% | 22.21% | 26.46% | 31.26% | 23.87% |
| Gross Profit Growth % | 29.25% | 12.67% | 11.33% | -2.12% | -26.9% | -22.28% | -7.86% | 17.25% | 9.97% | -14.42% | -30.43% | -28.21% | -0.65% | 15.4% | 13.94% | 43.56% | 20.1% | 54.55% | 109.42% | 67.95% |
| Operating Expenses | 2.63M | 2.4M | 2.54M | 2.16M | 2.32M | 2.22M | 2.19M | 2.33M | 2.64M | 2.18M | 2.52M | 2.16M | 2.5M | 2.27M | 2.56M | 2.33M | 2.6M | 2.23M | 2.21M | 1.86M |
| OpEx % of Revenue | 15.96% | 15.35% | 16.37% | 20.26% | 31.41% | 25.77% | 22.34% | 23.88% | 25.43% | 17.84% | 25.3% | 23.8% | 25.35% | 18.29% | 21.4% | 19.71% | 23.38% | 20.45% | 21.72% | 20.02% |
| Selling, General & Admin | 2.54M | 2.3M | 2.44M | 2.07M | 2.28M | 2.14M | 2.11M | 2.27M | 2.56M | 2.06M | 2.35M | 2.08M | 2.41M | 2.11M | 2.48M | 2.25M | 2.52M | 2.1M | 2.13M | 1.78M |
| SG&A % of Revenue | 15.36% | 14.67% | 15.76% | 19.4% | 30.92% | 24.84% | 21.57% | 23.25% | 24.57% | 16.92% | 23.53% | 22.85% | 24.47% | 17.05% | 20.76% | 19.01% | 22.66% | 19.25% | 20.91% | 19.16% |
| Research & Development | 99K | 106K | 94K | 92K | 90K | 114K | 88K | 87K | 89K | 131K | 85K | 86K | 87K | 151K | 73K | 82K | 80K | 131K | 82K | 80K |
| R&D % of Revenue | 0.6% | 0.68% | 0.61% | 0.86% | 1.22% | 1.32% | 0.9% | 0.89% | 0.86% | 1.07% | 0.85% | 0.95% | 0.88% | 1.22% | 0.61% | 0.69% | 0.72% | 1.2% | 0.81% | 0.86% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -54K | -34K | -13K | -26K | 0 | -19K | 91K | 0 | 0 | 3K | 4K | 1K | 0 | 0 | 0 | 0 |
| Operating Income | -81K | 97K | 46K | 467K | -343K | -3K | 133K | 358K | 59K | 677K | -1K | 129K | -37K | 1.07M | 1.07M | 857K | -130K | 656K | 970K | 359K |
| Operating Margin % | -0.49% | 0.62% | 0.3% | 4.38% | -4.65% | -0.03% | 1.36% | 3.67% | 0.57% | 5.55% | -0.01% | 1.42% | -0.38% | 8.63% | 8.94% | 7.24% | -1.17% | 6.01% | 9.54% | 3.86% |
| Operating Income Growth % | 76.38% | 3333.33% | -65.41% | 30.45% | -681.36% | -100.44% | 13400% | 177.52% | 259.46% | -36.67% | -100.09% | -84.95% | 71.54% | 62.96% | 10% | 138.72% | -100% | 1872.97% | 396.64% | 166.36% |
| EBITDA | 557K | 538K | 578K | 1.11M | 328K | 708K | 844K | 980K | 821K | 1.99M | 1.47M | 1.5M | 1.46M | 2.33M | 1.95M | 1.67M | 631K | 1.45M | 1.68M | 1.19M |
| EBITDA Margin % | 3.37% | 3.44% | 3.73% | 10.45% | 4.44% | 8.21% | 8.61% | 10.06% | 7.9% | 16.31% | 14.75% | 16.58% | 14.84% | 18.81% | 16.32% | 14.1% | 5.67% | 13.27% | 16.51% | 12.83% |
| EBITDA Growth % | 69.82% | -24.01% | -31.52% | 13.78% | -60.05% | -64.42% | -42.59% | -34.88% | -43.81% | -14.59% | -24.58% | -9.83% | 131.54% | 60.8% | 16.08% | 39.78% | -8.55% | 98.49% | 347.73% | 471.29% |
| D&A (Non-Cash Add-back) | 638K | 441K | 532K | 648K | 671K | 711K | 711K | 622K | 762K | 1.31M | 1.47M | 1.38M | 1.5M | 1.26M | 882K | 812K | 761K | 793K | 709K | 835K |
| EBIT | -81K | 97K | 235K | 161K | -465K | 688K | -166K | 332K | 323K | 599K | 268K | 129K | 86K | 826K | 1.25M | 1.01M | -3K | 1.04M | 1.13M | -971K |
| Net Interest Income | 46K | 54K | 53K | 48K | 64K | 69K | 88K | 94K | 71K | 74K | 54K | 48K | 20K | 27K | -26K | -17K | -18K | -12K | -6K | -8K |
| Interest Income | 57K | 76K | 61K | 57K | 74K | 82K | 101K | 108K | 88K | 96K | 78K | 70K | 49K | 37K | 18K | 18K | 13K | 16K | 22K | 22K |
| Interest Expense | 11K | 22K | 8K | 9K | 10K | 13K | 13K | 14K | 17K | 22K | 24K | 22K | 29K | 10K | 44K | 35K | 31K | 28K | 28K | 30K |
| Other Income/Expense | 188K | 215K | 181K | -315K | -132K | 678K | -312K | 144K | 247K | -100K | 245K | 178K | 94K | -253K | 135K | 119K | 96K | 353K | 133K | -1.36M |
| Pretax Income | 107K | 312K | 227K | 152K | -475K | 675K | -179K | 502K | 306K | 577K | 244K | 307K | 57K | 816K | 1.2M | 976K | -34K | 1.01M | 1.1M | -1M |
| Pretax Margin % | 0.65% | 1.99% | 1.46% | 1.42% | -6.43% | 7.83% | -1.83% | 5.15% | 2.94% | 4.73% | 2.45% | 3.38% | 0.58% | 6.59% | 10.07% | 8.25% | -0.31% | 9.24% | 10.84% | -10.75% |
| Income Tax | 146K | 77K | 64K | -28K | 6K | 139K | 51K | 212K | 142K | 95K | 37K | 148K | 8K | 241K | 225K | 254K | 170K | 153K | 180K | 103K |
| Effective Tax Rate % | 136.45% | 24.68% | 28.19% | -18.42% | -1.26% | 20.59% | -28.49% | 42.23% | 46.41% | 16.46% | 15.16% | 48.21% | 14.04% | 29.53% | 18.72% | 26.02% | -500% | 15.16% | 16.32% | -10.29% |
| Net Income | -38K | 126K | 77K | 183K | -495K | 507K | -236K | 243K | 70K | 507K | 230K | 162K | -7K | 507K | 882K | 790K | -167K | 855K | 917K | -996K |
| Net Margin % | -0.23% | 0.81% | 0.5% | 1.71% | -6.7% | 5.88% | -2.41% | 2.49% | 0.67% | 4.16% | 2.31% | 1.78% | -0.07% | 4.09% | 7.39% | 6.68% | -1.5% | 7.83% | 9.02% | -10.7% |
| Net Income Growth % | 92.32% | -75.15% | 132.63% | -24.69% | -807.14% | 0% | -202.61% | 50% | 1100% | 0% | -73.92% | -79.49% | 95.81% | -40.7% | -3.82% | 179.32% | -193.82% | 263.83% | 11562.5% | -605.58% |
| Net Income (Continuing) | -39K | 235K | 163K | 180K | -481K | 536K | -230K | 290K | 164K | 482K | 207K | 159K | 49K | 575K | 977K | 722K | -204K | 856K | 923K | -1.1M |
| Discontinued Operations | 2K | 56K | 2K | -10K | 5K | -7K | 7K | -4K | -1K | 4K | 0 | 2K | 5K | -10K | 1K | -3K | 0 | 0 | 5K | -2K |
| Minority Interest | -1.86M | -1.78M | 88K | -37K | 412K | 386K | 388K | 249K | 210K | 91K | 163K | 165K | 255K | 340K | 207K | 128K | 257K | 306K | 423K | 419K |
| EPS (Diluted) | -0.00 | 0.01 | 0.01 | 0.02 | -0.06 | 0.06 | -0.03 | 0.03 | 0.01 | 0.06 | 0.03 | 0.02 | 0.01 | 0.06 | 0.11 | 0.10 | -0.02 | 0.10 | 0.12 | -0.13 |
| EPS Growth % | 92.83% | -76% | 132.72% | -24.14% | - | 0% | -201.3% | 42.31% | - | 0% | -74.43% | -79.47% | 124.84% | -40% | -8.7% | 173.08% | -220.75% | 233.33% | - | -620% |
| EPS (Basic) | -0.00 | 0.01 | 0.01 | 0.02 | -0.06 | 0.06 | -0.03 | 0.03 | 0.01 | 0.06 | 0.03 | 0.02 | 0.01 | 0.06 | 0.11 | 0.10 | -0.02 | 0.11 | 0.12 | -0.13 |
| Diluted Shares Outstanding | 9.75M | 8.72M | 8.72M | 8.69M | 8.75M | 8.81M | 8.67M | 8.75M | 8.56M | 8.52M | 8.56M | 8.32M | 8.15M | 8.32M | 8.32M | 8.55M | 8.44M | 8.48M | 8.01M | 7.8M |
| Basic Shares Outstanding | 8.84M | 8.63M | 8.63M | 8.63M | 8.54M | 8.5M | 8.5M | 8.5M | 8.35M | 8.24M | 8.19M | 8.16M | 8.15M | 8.15M | 8.15M | 8.08M | 8.44M | 7.85M | 7.83M | 7.54M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |