TPICQ · As filed with the SEC
Tpi Composites income statement, by fiscal year
The statement as Tpi Composites presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Net sales | 918,457,000 | 1,331,131,000 | 1,455,183,000 | 1,522,741,000 |
| Cost of sales | 1,004,904,000 | 1,331,241,000 | 1,520,974,000 | 1,482,428,000 |
| Startup and transition costs | 24,152,000 | 52,889,000 | 21,757,000 | 25,668,000 |
| Total cost of goods sold | 1,029,056,000 | 1,384,130,000 | 1,542,731,000 | 1,508,096,000 |
| Continuing Operations | 1,029,056,000 | 1,384,130,000 | — | — |
| Gross profit (loss) | (110,599,000) | (52,999,000) | (87,548,000) | 14,645,000 |
| General and administrative expenses | 28,431,000 | 27,536,000 | 49,133,000 | 32,349,000 |
| Loss on sale of assets and asset impairments | — | 17,230,000 | 21,862,000 | 9,842,000 |
| Loss on sale of assets and asset impairments | 14,757,000 | — | — | — |
| Restructuring charges, net | 25,585,000 | 10,950,000 | 5,050,000 | 263,000 |
| Loss from continuing operations | (179,372,000) | (108,715,000) | (163,593,000) | (27,809,000) |
| Other income (expense): | ||||
| Interest expense, net | — | — | (12,112,000) | (5,029,000) |
| Interest expense, net | (88,990,000) | (92,420,000) | — | — |
| Foreign currency loss | (5,310,000) | (1,655,000) | (5,162,000) | 4,571,000 |
| Miscellaneous income | — | — | 1,976,000 | 2,330,000 |
| Miscellaneous income | 2,641,000 | 5,220,000 | — | — |
| Total other expense | (91,659,000) | (88,855,000) | (15,298,000) | 1,872,000 |
| Reorganization items, net | 49,591,000 | — | — | — |
| Loss from debtor operations before income taxes | (320,622,000) | (197,570,000) | (178,891,000) | (25,937,000) |
| Income tax provision | (3,731,000) | (12,550,000) | (17,562,000) | (29,613,000) |
| Net loss from continuing operations | (324,353,000) | (210,120,000) | (196,453,000) | (55,550,000) |
| Preferred stock dividends and accretion | — | 0 | (58,453,000) | (58,903,000) |
| Gain on extinguishment of Series A Preferred Stock | — | — | 82,620,000 | — |
| Series A Preferred Stock | — | 0 | 82,620,000 | — |
| Preferred stock dividends and accretion | 0 | — | — | — |
| Series A Preferred Stock | 0 | — | — | — |
| Net loss from continuing operations attributable to common stockholders | (324,353,000) | (210,120,000) | (172,286,000) | (114,453,000) |
| Net loss from discontinued operations | (16,449,000) | (30,587,000) | (5,326,000) | (9,755,000) |
| Net loss attributable to common stockholders | (340,802,000) | (240,707,000) | (177,612,000) | (124,208,000) |
| Weighted-average common shares outstanding: | ||||
| Basic | 48,544,000 | 47,462,000 | 42,671,000 | 41,959,000 |
| Diluted | 48,544,000 | 47,462,000 | 42,671,000 | 41,959,000 |
| Net loss from continuing operations per common share: | ||||
| Basic | (6.68) | (4.43) | (4.04) | (2.73) |
| Diluted | (6.68) | (4.43) | (4.04) | (2.73) |
| Net loss from discontinued operations per common share: | ||||
| Basic | (0.34) | (0.64) | (0.12) | (0.23) |
| Diluted | (0.34) | (0.64) | (0.12) | (0.23) |
| Net loss per common share: | ||||
| Basic | (7.02) | (5.07) | (4.16) | (2.96) |
| Diluted | (7.02) | (5.07) | (4.16) | (2.96) |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.