TSPH TuSimple Holdings Inc.

Overview and Growth

TuSimple Holdings Inc. generated $9.37M of revenue in fiscal 2022, with net loss of $472.05M and an operating cash outflow of $329.87M. Revenue of $9.37M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 49.6% above fiscal 2021 revenue of $6.26M, marking a year-over-year increase. Diluted earnings per share were -$2.11, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 224.16M; this is the reported share base over which the company’s diluted per-share earnings were spread. Total assets stood at $1.07B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.01x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The company recorded a $10.41M gross loss after reported cost of revenue. Relative to revenue, the gross deficit measured 111.1% before operating expenses. The reported operating result was an operating loss of $489.06M, reflecting costs that exceeded gross profit. The company ended the period with a net loss of $472.05M, extending the operating result through all remaining items. The company reported negative EBITDA of $461.51M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company reported a pretax loss of $472.05M, before the effect of income taxes. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. The net loss equaled 49.5% of period-end equity, showing the deficit relative to book capital. The net loss equaled 43.9% of period-end assets, showing the deficit relative to the asset base. The net loss narrowed to $472.05M from $732.67M in fiscal 2021.

Liquidity and Capital Structure

Total assets were $1.07B, supported by $119.80M of liabilities and $954.48M of shareholder equity. At period end, current assets of $1.01B compared with current liabilities of $71.52M, defining the company’s short-term resource position. At 14.09x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $615.39M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 860.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $5.31M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.01x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 0.5% of total assets, placing borrowing in the context of the company’s full resource base. The equity-to-assets relationship was 88.8%, placing book capital against the total resource base. Liabilities represented 11.2% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 57.3%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 23.1% lower than fiscal 2021 assets of $1.40B, measuring the company’s own balance-sheet change. Book equity was 28.1% lower than fiscal 2021 equity of $1.33B, showing how shareholder capital changed year over year. The reported cash balance changed 54.0% from $1.34B in fiscal 2021, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $329.87M, showing that operations absorbed cash during the period. The company spent $13.60M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $343.47M cash deficit after capital spending for the period. The cash deficit after capital spending represented 32.0% of the period-end asset base. The operating cash outflow widened to $329.87M from $259.03M in fiscal 2021.

Based on the annual report for the fiscal year ending Dec 31, 2022. Analysis generated Oct 21, 2026.