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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 918,457,000 | 1,331,131,000 | 1,455,183,000 | 1,522,741,000 | 1,732,583,000 | 1,670,137,000 | 1,436,500,000 | 1,029,624,000 |
| Cost of sales | 1,004,904,000 | 1,331,241,000 | 1,520,974,000 | 1,482,428,000 | 1,713,331,000 | 1,561,432,000 | 1,290,619,000 | 882,075,000 |
| Startup and transition costs | 24,152,000 | 52,889,000 | 21,757,000 | 25,668,000 | 50,832,000 | 44,606,000 | 68,033,000 | 74,708,000 |
| Total cost of goods sold | 1,029,056,000 | 1,384,130,000 | 1,542,731,000 | 1,508,096,000 | 1,764,163,000 | 1,606,038,000 | 1,358,652,000 | 956,783,000 |
| 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 | (31,580,000) | 64,099,000 | 77,848,000 | 72,841,000 |
| General and administrative expenses | 28,431,000 | 27,536,000 | 49,133,000 | 32,349,000 | 29,246,000 | 33,496,000 | 39,916,000 | 48,123,000 |
| Loss on sale of assets and asset impairments | — | — | — | — | 13,110,000 | 7,748,000 | 18,117,000 | — |
| 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 | 23,762,000 | 4,089,000 | 3,927,000 | — |
| Loss from continuing operations | (179,372,000) | (108,715,000) | (163,593,000) | (27,809,000) | (97,698,000) | 18,766,000 | 15,888,000 | 24,718,000 |
| Other income (expense): | ||||||||
| Interest income | — | — | — | — | — | 102,000 | 157,000 | 181,000 |
| Interest expense, net | — | — | (12,112,000) | (5,029,000) | (13,622,000) | (10,501,000) | (8,179,000) | (10,417,000) |
| Loss on extinguishment of debt | — | — | — | — | — | — | — | (3,397,000) |
| Interest expense, net | (88,990,000) | (92,420,000) | — | — | — | — | — | — |
| Foreign currency loss | (5,310,000) | (1,655,000) | (5,162,000) | 4,571,000 | (23,671,000) | (19,986,000) | (4,107,000) | (13,489,000) |
| Miscellaneous income | — | — | 1,976,000 | 2,330,000 | 2,203,000 | 3,876,000 | 3,648,000 | 4,650,000 |
| Miscellaneous income | 2,641,000 | 5,220,000 | — | — | — | — | — | — |
| Total other expense | (91,659,000) | (88,855,000) | (15,298,000) | 1,872,000 | (35,090,000) | (26,509,000) | (8,481,000) | (22,472,000) |
| 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) | (132,788,000) | (7,743,000) | 7,407,000 | 2,246,000 |
| Income tax provision | (3,731,000) | (12,550,000) | (17,562,000) | (29,613,000) | (26,760,000) | (11,284,000) | (23,115,000) | 3,033,000 |
| Net loss | — | — | — | — | (159,548,000) | (19,027,000) | (15,708,000) | 5,279,000 |
| 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) | (6,040,000) | — | — | — |
| 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) | (165,588,000) | — | — | 5,279,000 |
| Weighted-average common shares outstanding: | ||||||||
| Basic | 48,544,000 | 47,462,000 | 42,671,000 | 41,959,000 | 37,415,000 | 35,532,000 | 35,062,000 | 34,311,000 |
| Diluted | 48,544,000 | 47,462,000 | 42,671,000 | 41,959,000 | 37,415,000 | 35,532,000 | 35,062,000 | 36,002,000 |
| Net loss from continuing operations per common share: | ||||||||
| Basic | (6.68) | (4.43) | (4.04) | (2.73) | — | — | — | 0.15 |
| Diluted | (6.68) | (4.43) | (4.04) | (2.73) | — | — | — | 0.15 |
| 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) | (4.43) | (0.54) | (0.45) | — |
| Diluted | (7.02) | (5.07) | (4.16) | (2.96) | (4.43) | (0.54) | (0.45) | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.