Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data TuSimple 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
FY2019
FY2021
FY2021
FY2022
Revenue
0.71
1.84
6.26
9.37
Cost of revenue
1.6
5.29
12.4
19.8
Gross profit
-0.89
-3.45
-6.11
-10.4
Research and development
63.6
132
287
352
Selling, general and administrative
22.8
38.6
118
127
Operating expenses
171
405
479
Operating income
-87.3
-174
-411
-489
Other non-operating income
2.4
-0.52
-0.17
0.11
Pre-tax income
-84.9
-178
-733
-472
Income tax
0
0
0
0
Net income to minority interests
-0.04
0
0
Net income
-84.8
-178
-733
-472
EBITDA
-81.7
-166
-402
-462
EPS, basic
-2.47
-3.37
-4.36
-2.11
EPS, diluted
-2.47
-3.37
-4.36
-2.11
Shares, basic (weighted)
58.7
58.9
169
224
Shares, diluted (weighted)
58.7
58.9
169
224
Balance sheet
FY2019
FY2021
FY2021
FY2022
Cash and equivalents
63.6
311
1,338
615
Short-term investments
0
377
Receivables
1.14
1.6
1.38
Other current assets
3.82
14
13.5
Total current assets
319
1,353
1,008
Property, plant and equipment
22.1
36.1
17.1
Lease right-of-use assets
0
45
Other non-current assets
4.99
7.09
4.69
Total assets
347
1,396
1,074
Accounts payable
4.54
4.54
9.86
Accrued liabilities
23
41.7
48.3
Short-term debt
4.62
1.52
1.65
Total current liabilities
81.1
55.9
71.5
Long-term debt
1.81
5.54
3.67
Lease liabilities
0
42.2
Other non-current liabilities
0.6
5
2.44
Total liabilities
87.3
69.3
120
Total debt
1.81
5.54
3.67
Paid-in capital
0
2,465
2,568
Retained earnings
-405
-1,138
-1,610
Other comprehensive income
-0.3
0.08
-3.56
Shareholders' equity
-219
-405
1,327
954
Total equity
-219
-405
1,327
954
Total liabilities and equity
347
1,396
1,074
Shares outstanding
60.5
Cash flow statement
FY2019
FY2021
FY2021
FY2022
Net income
-84.9
-178
-733
-472
Depreciation and amortization
5.57
7.68
9.45
27.6
Stock-based compensation
0
12.8
123
98.7
Deferred income tax
0
0
0
0
Change in receivables
-0.12
-1
-0.5
-0.21
Change in payables
0.14
4.2
-0.18
6.49
Cash from operations
-76.3
-104
-259
-330
Capital expenditures
-10.3
-4.3
-13.3
-13.6
Purchases of investments
0
0
-399
Cash from investing
-10.4
-4.41
-13.6
-392
Debt issued
0
4.13
0
0
Stock issued
0
0
1.16
1.87
Cash from financing
51.8
356
1,299
1.39
Exchange rate effect
0.23
0.01
0.26
-0.98
Net change in cash
-34.7
248
1,027
-722
Free cash flow
-86.7
-108
-272
-343
Interest paid
0.5
1.18
0.79
0.88
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2023; growth uses fiscal years. Valuation uses the share price of $0.19 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-142.1%
Gross profit / revenue.
Operating margin
-18,289.0%
Operating income / revenue.
EBITDA margin
-17,163.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-16,585.0%
Pre-tax income / revenue.
Net margin
-16,585.0%
Net income / revenue.
Operating cash flow margin
-13,478.0%
Cash from operations / revenue.
Return on equity (ROE)
-46.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-42.3%
Net income / average total assets.
Return on invested capital (ROIC)
-59.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
12,352.0%
Research and development expense / revenue.
SG&A / revenue
5,795.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
2,839.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
1,126.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
49.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
136.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-28.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-23.1%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
32.6%
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
56.3%
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
21.3x
Current assets / current liabilities.
Quick ratio
20.8x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
20.8x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.3%
Total debt / total assets.
Liabilities / assets
9.1%
Total liabilities / total assets.
Net debt
-$772.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
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.
Revenue per share
$0.01
Revenue / diluted weighted shares.
Operating cash flow per share
-$1.27
Cash from operations / diluted weighted shares.
Book value per share
$3.36
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
What was TuSimple Holdings Inc.'s revenue in fiscal 2022?
TuSimple Holdings Inc. reported revenue of $9.4M for fiscal 2022, 49.6% higher than the year before.
Was TuSimple Holdings Inc. profitable in fiscal 2022?
No. It reported a net loss of $472.0M.
How much free cash flow did TuSimple Holdings Inc. generate in fiscal 2022?
Cash from operations of $329.9M minus capital expenditures of $13.6M left free cash flow of -$343.5M.
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.