TECHPRECISION CORP TPCS

Industrials SIC 3440 - Fabricated Structural Metal Products NAICS Manufacturing › Fabricated Metal Product Manufacturing › Architectural and Structural Metals Manufacturing derived Nasdaq

We are a manufacturer of precision, large-scale fabricated and machined metal structural components and systems. We offer a full range of services required to transform raw materials into precision finished products. We sell these finished products to customers in two main industry groups: defense and precision industrial. Our mission is to be a leading end-to-end service provider to our customers by furnishing custom, fully integrated solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation, and testing.

We work with our customers to manufacture products in accordance with the customers' drawings and specifications. Our work complies with specific national and international codes and standards applicable to our industry. We believe that we have earned our reputation through outstanding technical expertise, attention to detail, and a total commitment to quality and excellence in customer service.

Last close 5.25 2026-10-23
Market cap $53.0M 2026-06-30 share count
52-week range 2.88 - 6.31

Valuation FY2025 figures against the last close

P/S1.7x
P/E—
P/FCF—
EV/EBITDA30.7x
Dividend yield—
Diluted EPS-0.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $31.6M$34.0M$31.6M$31.4M$22.3M$15.6M$16.0M$16.7M$18.8M$18.6M
Cost of revenue $26.7M$29.7M$27.5M$26.5M$18.9M$12.1M$12.9M$12.1M$14.8M$12.5M
Gross profit $5.0M$4.3M$4.1M$4.9M$3.4M$3.5M$3.1M$4.6M$4.0M$6.1M
R&D —————————$0
SG&A $6.0M$6.5M$8.8M$6.0M$4.9M$2.8M$2.8M$2.7M$3.0M$4.3M
Operating income -$1.1M-$2.2M-$4.6M-$1.1M-$1.6M$623.2K-$141.3K$1.8M$967.3K$2.9M
Interest expense $485.0K$541.0K$521.0K$355.6K$269.4K$202.3K$296.1K$354.8K$413.0K$644.0K
Pre-tax income -$1.6M-$2.8M-$5.1M-$783.4K-$542.2K$425.5K-$414.6K$1.5M$558.6K$2.2M
Income tax $31.0K$2.0K$1.9M$195.6K$192.4K$104.9K$73.0K$423.4K$824.5K$2.8M
Net income -$1.7M-$2.7M-$7.0M-$979.0K-$349.8K$320.6K—$1.1M——
EPS, basic -0.17-0.29-0.81-0.11-0.040.01-0.010.04-0.010.18
EPS, diluted -0.17-0.29-0.81-0.11-0.040.01-0.010.04-0.010.18
Shares, diluted (wtd. avg.) 9.9M9.5M8.7M8.6M8.1M31.0M29.3M30.3M28.8M28.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $431.0K$195.0K$138.0K$534.0K$1.1M$2.1M$930.9K$2.0M$2.7M$3.1M
Receivables $2.5M$2.2M$2.4M$2.3M$3.0M$608.1K$990.3K$1.0M$1.4M$1.9M
Inventory ——————$1.2M$1.2M$2.1M—
Total current assets $17.7M$15.3M$14.8M$14.6M$16.1M$9.9M$8.2M$9.2M$7.0M$7.6M
Property, plant and equipment $10.9M$13.8M$14.8M$13.9M$13.2M$4.1M$4.2M$4.9M$5.2M$4.9M
Total assets $32.3M$33.5M$34.7M$36.2M$37.9M$16.0M$14.6M$16.0M$14.3M$15.5M
Accounts payable $2.4M$2.4M$1.4M$2.2M$3.4M$500.8K$185.1K$609.1K$345.7K$365.3K
Total current liabilities $18.2M$16.9M$17.8M$9.0M$13.3M$4.7M$2.7M$2.9M$2.1M$2.6M
Long-term debt —$3.0K—$4.7M$3.1M$1.3M————
Total liabilities $24.6M$24.8M$26.9M$21.6M$22.6M$6.1M————
Retained earnings -$11.8M-$10.1M-$7.4M-$356.4K$622.6K$972.4K$651.8K$993.3K-$576.6K-$310.7K
Total equity $7.7M$8.7M$7.8M$14.6M$15.3M$9.9M$9.5M$9.7M$8.0M$8.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $6.0K-$599.0K$728.0K$3.1M$257.8K$635.9K$676.8K$531.3K$1.3M$1.7M
Depreciation and amortisation $2.8M$2.8M$2.4M$2.2M$1.5M$704.0K$717.6K$749.8K$704.3K$689.3K
Stock-based compensation $635.0K$103.0K$285.0K$253.1K$190.8K$179.9K$90.9K$137.4K$303.2K$1.2M
Capital expenditure $3.3M$4.1M$3.2M$2.3M$939.0K$546.9K$39.8K$446.7K$994.5K$787.8K
Investing cash flow $868.0K-$1.1M-$2.6M-$2.3M-$8.7M-$607.9K-$39.8K-$411.3K-$914.5K-$787.8K
Financing cash flow -$638.0K$1.7M$1.5M-$1.3M$7.4M$1.2M-$1.7M-$772.6K-$717.5K$792.4K
Buybacks ——————$0$188.6K$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-104865.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M Revenue, FY2016: 18.6M Gross profit, FY2016: 6.1M Revenue, FY2017: 18.8M Gross profit, FY2017: 4M Revenue, FY2018: 16.7M Gross profit, FY2018: 4.6M Net income, FY2018: 1.1M Revenue, FY2019: 16M Gross profit, FY2019: 3.1M Revenue, FY2020: 15.6M Gross profit, FY2020: 3.5M Net income, FY2020: 320.6K Revenue, FY2021: 22.3M Gross profit, FY2021: 3.4M Net income, FY2021: -349.8K Revenue, FY2022: 31.4M Gross profit, FY2022: 4.9M Net income, FY2022: -979K Revenue, FY2023: 31.6M Gross profit, FY2023: 4.1M Net income, FY2023: -7M Revenue, FY2024: 34M Gross profit, FY2024: 4.3M Net income, FY2024: -2.7M Revenue, FY2025: 31.6M Gross profit, FY2025: 5M Net income, FY2025: -1.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $18.6M $18.8M $16.7M $16.0M $15.6M $22.3M $31.4M $31.6M $34.0M $31.6M
Gross profit $6.1M $4.0M $4.6M $3.1M $3.5M $3.4M $4.9M $4.1M $4.3M $5.0M
Net income — — $1.1M — $320.6K -$349.8K -$979.0K -$7.0M -$2.7M -$1.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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