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Financial statements

Trinity Place Holdings Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Trinity Place 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

FY2011FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue4451.861.863.724.631.8327.34333.63.54
Cost of revenue271
Gross profit174
Selling, general and administrative124
General and administrative6.935.385.495.685.225.135.756.045.37
Operating expenses2248.8410.910.818.31937.951.643.38.52
Operating income-50.4-6.99-9.09-7.08-4.197.05-10.6-8.61-9.71-4.98
Interest expense1.37
Interest income0.220.220.210.070.060
Pre-tax income-51.7-7.22-5.03-7.6-5.164.64-20.5-20.4-38.85.82
Income tax-18.90.22-3.010.290.130.310.270.290.180.22
Net income-32.9-7.44-2.02-7.89-5.294.33-20.8-20.7-395.6
EBITDA-35.8-6.53-8.54-4.09-0.0411.2-5.09-2.14-2.94-3.87
EPS, basic-5.51-0.70-0.17-0.61-0.170.13-0.62-0.56-1.020.09
EPS, diluted-5.51-0.70-0.17-0.61-0.170.13-0.62-0.56-1.020.09
Shares, basic (weighted)0.0110.512.50.0131.90.0333.337.238.462.6
Shares, diluted (weighted)0.0110.512.50.0131.90.0333.337.238.462.6

Balance sheet

FY2011FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents2.34.6815.311.59.26.524.311.550.260.28
Receivables2.620.223.423.411.840.970.080.260.36
Inventory76.6
Other current assets7.352.154.063.59.12.74.13
Total current assets99.9
Property, plant and equipment54.9
Lease right-of-use assets01.91.571.310.950.520.11
Intangible assets9.13010.79.919.178.437.696.95
Other non-current assets7.42
Total assets27185.61212573453233413072683.73
Accounts payable41.72.9413.32122.215.917.91929.8
Accrued liabilities21.1
Total current liabilities68.4
Long-term debt30.2128179
Other non-current liabilities11.2
Total liabilities11057.653.71972862612912802781.53
Total debt30.2128179
Paid-in capital21.687.5131133134136144145145150
Retained earnings187-5.56-7.58-15.5-16-15.4-36.2-56.9-95.9-90.3
Treasury stock-47.1-51.1-53.7-54.8-55.7-56.8-57.2-57.5-57.6-57.7
Other comprehensive income-1.48-3.16-2.73-3.52-3.17-2.16-1.34-3.63-2.26-0.73
Shareholders' equity1612867.358.856625027.3-102.2
Total equity1612867.358.856625027.3-102.2
Total liabilities and equity27185.61212573453233413072683.73
Shares outstanding5.9510.6131331.932.236.636.938.265.3

Cash flow statement

FY2011FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income-32.9-7.44-2.02-7.89-5.294.33-20.8-20.7-395.6
Depreciation and amortization14.60.460.5434.164.175.526.476.771.11
Stock-based compensation2.781.231.270.910.810.530.550.460.74
Deferred income tax-22.20-3.180000000
Change in receivables0.58-0.19-3.201.582.390.88-0.18-0.09-0.2
Change in inventory5.64
Change in payables-5.66-1.540.210.981.651.291.621.715.06-3.92
Cash from operations-15.6-14.8-7.51-2.67-70.6-55.9-21.21.35-5.47-7.94
Capital expenditures-15.5
Cash from investing-4.78-26.2-1.63-91.627.6-9.66-0.1417.37.07-6.9
Debt issued9.132.387
Debt repaid0-400
Stock issued0.8840.60007.644.39
Share buybacks-1.21-1.97-2.57-1.09-0.77-0.7-0.37-0.29
Cash from financing20.67.562584.147.762.930.2-21.5-15.36.9
Net change in cash0.25-33.415.8-10.24.65-2.68.78-2.79-13.7-7.94
Free cash flow-31.1
Interest paid-1.392.072.476.9712.615.51612.711.70.92
Income taxes paid2.70.20.140.270.350.250.40.380.24

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.03 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-140.5%Operating income / revenue.
EBITDA margin-109.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin164.3%Pre-tax income / revenue.
Net margin158.2%Net income / revenue.
Operating cash flow margin-224.2%Cash from operations / revenue.
Effective tax rate3.7%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)4.1%Net income / average total assets.
Stock-based pay / revenue20.9%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue31.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-89.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-49.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-5.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value CAGR, 3y-64.7%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-47.6%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-98.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-77.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-59.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y63.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y23.4%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y14.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets40.9%Total liabilities / total assets.
Tangible book value$2.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.03xRevenue / average total assets.

Per share

MetricValueHow it is calculated
EPS, diluted$0.09Net 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.
EPS, basic$0.09Net income per basic share, as reported (split-adjusted).
Revenue per share$0.06Revenue / diluted weighted shares.
Operating cash flow per share-$0.13Cash from operations / diluted weighted shares.
Book value per share$0.03Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.03Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$2.1MShare price x shares outstanding.
Enterprise value$1.8MMarket cap + total debt - cash - short-term investments.
P/E0.38xMarket cap / net income. Only when net income is positive.
P/S0.60xMarket cap / revenue.
P/B0.96xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.96xMarket cap / tangible book value, when positive.
EV/Sales0.52xEnterprise value / revenue.
Earnings yield264.3%Net income / market cap (the inverse of P/E).
What was Trinity Place Holdings Inc.'s revenue in fiscal 2024?

Trinity Place Holdings Inc. reported revenue of $3.5M for fiscal 2024, 89.5% lower than the year before.

Was Trinity Place Holdings Inc. profitable in fiscal 2024?

Yes. Net income was $5.6M, a net margin of 158.2%.

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.

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