Trillion Energy International Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Trillion Energy International 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
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
3.88
4.25
3.92
2.58
3.7
9.38
16.8
7
General and administrative
0.84
3.99
2
2.12
1.78
1.89
2.25
Operating expenses
0.84
3.99
6.07
6.36
5.61
5.8
6.8
Operating income
-0.84
-3.99
-2.18
-2.11
-1.69
-3.21
-3.1
Interest expense
0.08
0.06
0.04
0.09
0.13
0.08
2.25
2.56
Interest income
0
0
0.03
0.03
0.01
0.05
Other non-operating income
0.07
-0.01
-0.3
-0.27
0.01
-0.32
1.05
Pre-tax income
-2.96
-8.31
-3.48
-8.1
Income tax
0
1.86
2.45
Income from continuing operations
-4.89
-6.12
1.82
-6.68
Net income
-0.76
-4
-2.49
-2.38
-1.68
-3.53
-2.05
-6.12
-0.04
-9.13
EBITDA
-2.16
-2.08
-1.62
-3.17
-3.07
EPS, basic
-0.02
-0.08
-0.04
-0.03
-0.02
-0.04
-0.01
-0.10
0.00
-0.06
EPS, diluted
-0.02
-0.08
-0.04
-0.03
-0.02
-0.04
-0.01
-0.10
0.00
-0.06
Shares, basic (weighted)
45.7
50.5
56
70.6
83.9
96.8
158
Shares, diluted (weighted)
45.7
50.5
56
70.6
83.9
96.8
158
Balance sheet
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
0.08
1.55
0.13
0.8
0.86
0.2
1.03
0.93
1.19
0.6
Receivables
0
0
0.6
0.66
0.64
0.77
0.71
Other current assets
0.01
0.01
0.32
0.3
0.03
0.02
0.1
Total current assets
0.09
2.06
1.05
1.75
1.58
1
1.83
6.23
4.86
2.61
Property, plant and equipment
0.1
0.11
0.05
0.13
0.15
0.74
0.72
0.74
Lease right-of-use assets
0
0.04
0.02
0.01
Total assets
3.33
5.04
7.04
8.66
7.3
6.49
7.16
37
58.6
54.9
Accounts payable
0.12
0.36
1.58
1.39
1.17
1.5
0.85
10.6
14.1
14.8
Short-term debt
0.63
0.15
3.46
5.36
Total current liabilities
1.26
2.55
1.77
1.19
2.06
1.49
11
17.8
30.5
Lease liabilities
0.03
0.01
0
0.12
0.04
Total liabilities
0.12
1.26
5.08
5.79
5.5
7.93
6.42
16.4
36.4
40.7
Total debt
0.65
0.17
3.46
5.36
Paid-in capital
17.3
21.3
22.9
26.2
27
27.5
33.3
64.7
Retained earnings
-14.4
-18.4
-20.9
-23.3
-24.9
-28.5
-30.5
-44.8
-44.9
-54
Other comprehensive income
0
0
-0.14
-0.13
-0.31
-0.49
-0.85
Shareholders' equity
3.21
3.79
1.97
2.87
1.8
-1.44
0.74
Total equity
3.21
3.79
1.97
2.87
1.8
-6.79
-4.46
20.6
22.2
14.1
Total liabilities and equity
3.33
5.04
7.04
8.66
7.3
6.49
7.16
37
58.6
54.9
Shares outstanding
45.7
50.3
58.2
83.4
125
125
185
Cash flow statement
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
-0.76
-4
-2.49
-2.38
-1.68
-3.53
-2.05
-6.12
-0.04
-9.13
Depreciation and amortization
0.02
0.03
0.08
0.04
0.03
Stock-based compensation
0.07
3.48
0.23
0.34
0.44
0.41
0.34
Change in receivables
0.01
0
-0.21
-0.02
0.02
-0.23
-0.47
Change in payables
-0.18
0.12
0.5
0.21
0.24
0.57
-0.02
Cash from operations
-0.86
-0.4
-0.48
-0.27
0.18
-1.65
-1.88
7.03
-1.53
-5.7
Capital expenditures
-0.12
-0.09
-0.01
-0.18
-0.7
-0.06
-0.02
Acquisitions
-0.5
-0.5
-0.72
Cash from investing
-0.95
-0.04
-0.99
-0.59
-0.05
-0.08
-0.18
-37.4
-18.8
0.78
Debt issued
0.53
0.2
4.99
2.4
Debt repaid
-0.12
-0.21
-0.07
-0.06
-0.39
-0.7
-2.72
-0.36
Stock issued
0.35
0.98
0.21
1.63
0.02
1
0.54
Cash from financing
0.35
1.91
0.17
1.48
0.11
1.03
2.66
30.1
20.6
3.72
Exchange rate effect
0.01
0.01
0.22
0.18
-0.01
0.61
Net change in cash
-1.29
0.64
0.06
-0.75
0.82
-0.1
0.26
-0.59
Free cash flow
-0.6
-0.35
0.17
-2.06
6.34
-1.59
-5.71
Interest paid
0.01
0.03
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.11 on September 18, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-115.6%
Pre-tax income / revenue.
Net margin
-130.4%
Net income / revenue.
FCF margin
-81.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-81.3%
Cash from operations / revenue.
Return on assets (ROA)
-16.1%
Net income / average total assets.
Capex / revenue
0.2%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-58.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
23.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
12.3%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-6.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
97.2%
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
49.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.09x
Current assets / current liabilities.
Quick ratio
0.02x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.02x
(Cash + short-term investments) / current liabilities.
Debt / assets
9.8%
Total debt / total assets.
Liabilities / assets
74.2%
Total liabilities / total assets.
Net debt
$4.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital
-$27.9M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.12x
Revenue / average total assets.
Fixed asset turnover
9.58x
Revenue / average property, plant and equipment.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.06
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.
EPS, basic
-$0.06
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$4.4M
Share price x shares outstanding.
Enterprise value
$9.1M
Market cap + total debt - cash - short-term investments.
P/S
0.63x
Market cap / revenue.
EV/Sales
1.31x
Enterprise value / revenue.
FCF yield
-130.4%
Free cash flow / market cap.
Earnings yield
-208.5%
Net income / market cap (the inverse of P/E).
What was Trillion Energy International Inc.'s revenue in fiscal 2024?
Trillion Energy International Inc. reported revenue of $7.0M for fiscal 2024, 58.3% lower than the year before.
Was Trillion Energy International Inc. profitable in fiscal 2024?
No. It reported a net loss of $9.1M.
How much free cash flow did Trillion Energy International Inc. generate in fiscal 2024?
Cash from operations of $5.7M minus capital expenditures of $15.3K left free cash flow of -$5.7M.
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.