TESI Titan Environmental Solutions Inc.

Overview and Growth

Titan Environmental Solutions Inc. generated $9.57M of revenue in fiscal 2024, with net loss of $21.54M and an operating cash outflow of $12.68M. The $9.57M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 53.7% above fiscal 2023 revenue of $6.23M, marking a year-over-year increase. Diluted earnings per share were -$0.10, translating the period’s attributable earnings into the amount reported for each diluted share. Total assets stood at $27.81M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.34x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $333.46K as gross profit before recognizing operating expenses and other items. Gross margin was 3.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $5.89M after the reported operating expense base. The operating loss equaled 61.5% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $21.54M after operating, financing, tax, and other recognized items. Net margin was -225.0%, reflecting a loss equal to 225.0% of reported revenue. The company reported a pretax loss of $10.40M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 108.7%. The net loss equaled 687.5% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 77.5%, placing the bottom-line deficit against the company’s resource base. Compared with a $149.01M net loss in fiscal 2023, the current loss improved to $21.54M.

Liquidity and Capital Structure

At period end, the $27.81M asset base was financed through $24.68M of liabilities and $3.13M of equity. At period end, current assets of $1.65M compared with current liabilities of $18.81M, defining the company’s short-term resource position. Current assets covered only 0.09x of current liabilities, so current liabilities exceeded current assets at period end. The company held $2.98K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 0.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $8.71M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 2.78x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 31.3%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 88.7%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 0.0% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 25.4% higher than fiscal 2023 assets of $22.18M, measuring the company’s own balance-sheet change. Against $5.30M of equity in fiscal 2023, the current book-equity balance moved 40.9% and ended lower. Compared with $103.58K in fiscal 2023, the current cash balance moved 97.1% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $12.68M of cash, resulting in an operating cash outflow for the year. Capital spending of $1.06M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $13.74M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 143.5% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 49.4% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.