Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Thunder Power Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
General and administrative
1.82
2.5
1.92
Operating expenses
1.82
2.5
1.92
Operating income
-0.51
-1.25
Interest income
1.31
3.66
0
Other non-operating income
-0
-0
-0.2
Pre-tax income
0.8
-1.82
-2.5
-2.12
Income tax
0.4
1.08
Net income
0.4
-1.82
-2.5
-2.12
EBITDA
-1.25
EPS, basic
0.67
-0.05
-0.06
-0.04
EPS, diluted
0.67
-0.05
-0.06
-0.04
Shares, basic (weighted)
5.45
34.9
44.7
50.7
Shares, diluted (weighted)
5.45
34.9
44.7
50.7
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.55
0.2
0.05
0.01
Short-term investments
0
Other current assets
0.17
0.62
0.38
0.03
Total current assets
0.72
1.25
13.6
13.2
Property, plant and equipment
0
Lease right-of-use assets
0.01
0
0.02
Total assets
101
1.26
13.6
13.2
Accounts payable
0.1
Accrued liabilities
0.09
0.1
Total current liabilities
0.54
0.76
7.03
8.36
Lease liabilities
0
Total liabilities
3.97
0.76
7.03
8.36
Paid-in capital
0
34.9
43.5
43.9
Retained earnings
-2.8
-34.4
-36.9
-39.1
Other comprehensive income
0
0
Shareholders' equity
-0.52
0.5
6.52
4.82
Total equity
-0.52
0.5
6.52
4.82
Total liabilities and equity
101
1.26
13.6
13.2
Shares outstanding
37.5
50.7
50.7
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
0.4
-1.82
-2.5
-2.12
Depreciation and amortization
0
0
Stock-based compensation
0.33
1.01
Deferred income tax
0.07
1.08
Cash from operations
-0.53
-0.66
-1.23
-1.51
Purchases of investments
-99.2
-0
Cash from investing
-99.2
50.1
0.93
-0
Stock issued
0.03
Share buybacks
-50.2
Cash from financing
100
0.61
0.15
1.47
Net change in cash
0.55
-0.05
-0.14
-0.04
Income taxes paid
1.46
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $0.06 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-43.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-14.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-26.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-2.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-49.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
13.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
110.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.49x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$0.02
Cash from operations / diluted weighted shares.
Book value per share
$0.09
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.75x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.75x
Market cap / tangible book value, when positive.
Earnings yield
-57.2%
Net income / market cap (the inverse of P/E).
Was Thunder Power Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $2.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.