For the quarter ending 2025-06-30, TPIC made $276,245K in revenue. -$68,227K in net income. Net profit margin of -24.70%.
| Income Statement | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Net sales | 276,245 | 336,157 | 316,790 | 380,762 |
| Cost of sales | 296,591 | 341,739 | 320,453 | 369,882 |
| Startup and transition costs | 8,662 | 8,370 | 14,925 | 8,113 |
| Total cost of goods sold | 305,253 | 350,109 | 335,378 | 377,995 |
| Gross loss | -29,008 | -13,952 | -18,589 | 2,767 |
| Restructuring charges, net | 113 | 372 | 3,507 | 428 |
| General and administrative expenses | 4,551 | 5,919 | 9,236 | 4,717 |
| Loss on sale of assets and asset impairments | -5,734 | -2,549 | -4,307 | -9,196 |
| Loss from continuing operations | -39,406 | -22,792 | -32,380 | -11,574 |
| Miscellaneous (expense) income | -414 | 1,464 | 1,487 | 759 |
| Interest expense, net | 24,618 | 24,204 | 22,742 | 24,194 |
| Foreign currency (loss) income | -4,817 | -2,341 | 230 | -2,346 |
| Total other expense | -29,849 | -25,081 | -21,025 | -25,781 |
| Loss from continuing operations before income taxes | -69,255 | -47,873 | -53,405 | -37,355 |
| Income tax benefit (provision) | -680 | 418 | 3,770 | 1,241 |
| Net loss from continuing operations | -68,575 | -48,291 | -57,175 | -38,596 |
| Net loss from continuing operations attributable to common stockholders | - | - | -57,175 | -38,596 |
| Net income (loss) from discontinued operations | 348 | -22 | -9,705 | -1,472 |
| Net loss attributable to common stockholders | -68,227 | -48,313 | -66,880 | -40,068 |
| Basic | -1.4 | -1.01 | -1.41 | -0.84 |
| Diluted | -1.4 | -1.01 | -1.41 | -0.84 |
| Weighted average number of shares outstanding, basic, total | 48,685,000 | 47,609,000 | -31,333.333 | 47,556,000 |
| Weighted average number of shares outstanding, diluted | 48,685,000 | 47,609,000 | -31,333.333 | 47,556,000 |
TPI COMPOSITES, INC (TPIC)
TPI COMPOSITES, INC (TPIC)