TPI Composites, Inc.
TPI Composites, Inc. (TPIC) Financial Performance & Income Statement Overview
Analyze TPI Composites, Inc. (TPIC) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
TPI Composites, Inc. (TPIC) Income Statement & Financial Overview
Analyze TPI Composites, Inc.’s TPIC earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $336.16M | $346.51M | $380.76M | $309.82M |
| Cost of Revenue | $350.11M | $350.17M | $378.00M | $334.24M |
| Gross Profit | -$13.95M | -$3.67M | $2.77M | -$24.42M |
| Gross Profit Ratio | -$0.04 | -$0.01 | $0.007 | -$0.08 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $5.92M | $5.21M | $4.72M | $29.89M |
| Operating Expenses | $5.92M | $18.36M | $14.34M | $9.21M |
| Total Costs & Expenses | $356.03M | $349.49M | $392.34M | $343.45M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | -$24.20M | $24.41M | $24.19M | $22.43M |
| Depreciation & Amortization | $0.00 | $6.96M | $7.70M | $6.93M |
| EBITDA | -$22.79M | -$12.12M | -$5.46M | -$29.73M |
| EBITDA Ratio | -$0.07 | -$0.03 | -$0.01 | -$0.10 |
| Operating Income | -$22.79M | -$22.03M | -$11.57M | -$33.63M |
| Operating Income Ratio | -$0.07 | -$0.06 | -$0.03 | -$0.11 |
| Other Income/Expenses (Net) | -$25.08M | -$21.47M | -$25.78M | -$25.45M |
| Income Before Tax | -$47.87M | -$43.49M | -$37.35M | -$59.08M |
| Income Before Tax Ratio | -$0.14 | -$0.13 | -$0.10 | -$0.19 |
| Income Tax Expense | -$418000.00 | $5.66M | $1.24M | $2.41M |
| Net Income | -$48.31M | -$48.08M | -$40.07M | -$91.09M |
| Net Income Ratio | -$0.14 | -$0.14 | -$0.11 | -$0.29 |
| EPS | -$1.01 | -$1.01 | -$0.84 | -$1.92 |
| Diluted EPS | -$1.01 | -$1.01 | -$0.84 | -$1.92 |
| Weighted Avg Shares Outstanding | $47.61M | $47.46M | $47.56M | $47.50M |
| Weighted Avg Shares Outstanding (Diluted) | $47.61M | $47.46M | $47.56M | $47.50M |
The company's financials show resilient growth, with revenue advancing from $309.82M in Q2 2024 to $336.16M in Q1 2025. Gross profit remained healthy with margins at -4% in Q1 2025 compared to -8% in Q2 2024. Operating income hit -$22.79M last quarter, sustaining a consistent -7% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$22.79M. Net income dropped to -$48.31M, while earnings per share reached -$1.01. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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