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TPCS

TechPrecision Corporation

TPCS

TechPrecision Corporation • NASDAQ
$4.44 ▼ -1.99% (-0.09)
Market Cap $43.20 M
52w High $6.25
52w Low $2.05
Dividend Yield 0%
P/E -88.8
Volume 22.46K
Outstanding Shares 9.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $9.086M ▲ $1.516M ▲ $825K ▲ 9.08% ▲ $0.08 ▲ $1.646M ▲
Q1-2026 $7.379M ▼ $1.493M ▼ $-597K ▼ -8.091% ▼ $-0.061 ▼ $216K ▼
Q4-2025 $9.477M ▲ $1.718M ▲ $112K ▲ 1.182% ▲ $0.01 ▲ $962K ▲
Q3-2025 $7.622M ▼ $1.687M ▲ $-799K ▼ -10.483% ▼ $-0.08 ▼ $50K ▲
Q2-2025 $8.946M $1.502M $-601K -6.718% $-0.06 $-488K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $220K ▲ $33.843M ▲ $24.736M ▲ $9.107M ▲
Q1-2026 $143K ▼ $32.142M ▼ $23.93M ▼ $8.212M ▼
Q4-2025 $195K ▲ $33.527M ▲ $24.787M ▲ $8.74M ▲
Q3-2025 $165K ▲ $32.16M ▼ $24.059M ▼ $8.101M ▼
Q2-2025 $132K $35.012M $26.128M $8.884M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $825K ▲ $-1.082M ▼ $-314K ▼ $1.473M ▲ $77K ▲ $-2.077M ▼
Q1-2026 $-597K ▼ $646K ▲ $976K ▲ $-1.674M ▼ $-52K ▼ $-604K ▲
Q4-2025 $112K ▲ $396K ▲ $-851K ▼ $485K ▲ $30K ▼ $-930K ▲
Q3-2025 $-799K ▼ $-570K ▼ $392K ▲ $211K ▼ $33K ▼ $-1.744M ▲
Q2-2025 $-600.84K $-532.396K $-591.095K $1.211M $87.203K $-1.953M

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, TechPrecision has looked like a very small, mostly break‑even business with modest growth. Revenue has crept up but remains limited in scale. Profitability has been thin, with results hovering around the line between small profits and small losses. The recent pattern of earnings swinging from profit to loss and back again suggests that small changes in volume, mix, or execution can have a noticeable impact on results. In short, this is a niche manufacturer with fragile margins and earnings that can be lumpy from year to year.

Balance Sheet

Balance Sheet The balance sheet appears modest but generally stable. Total assets have inched up and then leveled off, suggesting some earlier build‑out of capability followed by a period of consolidation. Debt has appeared and grown from essentially nothing to a small but noticeable level, while equity has stayed fairly steady. The lack of reported cash on hand points to limited liquidity in the data provided, which can leave less of a cushion if operations hit a rough patch. Overall, the company looks capital‑intensive but still relatively lightly leveraged, with a balance sheet that can support operations but not a lot of financial slack.

Cash Flow

Cash Flow Reported operating cash flow and free cash flow sit very close to break‑even in the data provided, which lines up with the thin profitability picture. The company seems able to generally fund its activities from operations, but without consistently generating a strong cash surplus. Capital spending looks restrained, which may reflect a focus on sweating existing assets rather than heavy new investment, or simply the small size of the business. The main takeaway is that cash generation appears tight and leaves limited room for major missteps or large self‑funded expansion without outside capital.

Competitive Edge

Competitive Edge TechPrecision’s real strength lies in its niche: complex, large‑scale, high‑precision metal work for demanding end markets, especially U.S. defense and aerospace. It serves critical submarine and helicopter programs and, in some cases, acts as a key or even sole supplier for specific parts. That role, combined with strict certifications and long qualification cycles, creates high switching costs for customers and a meaningful barrier to entry for rivals. Long‑standing relationships with major defense contractors further reinforce this position. On the risk side, the business is heavily dependent on a small number of programs and customers, and it is exposed to shifts in defense priorities, contract timing, and program budgets. Its small scale also makes it more sensitive to execution issues or disruptions than larger diversified manufacturers.

Innovation and R&D

Innovation and R&D Innovation here is mainly about process excellence and capability rather than classic laboratory R&D. TechPrecision’s edge comes from its ability to reliably deliver very large, complex, and safety‑critical components, backed by demanding certifications and traceability standards. The company has been investing in its facilities and equipment at Ranor and Stadco to increase throughput and improve uptime, which is a practical, operations‑focused form of innovation. It also appears to be selectively adopting more advanced machining, welding, and inspection techniques and exploring opportunities in adjacent markets like alternative energy, medical, and nuclear. The company does not rely on flashy new products; instead, its “innovation” is about steadily tightening quality, efficiency, and capacity in a specialized manufacturing niche.

Summary

Overall, TechPrecision is a small, specialized industrial company built around high‑precision work for mission‑critical defense and aerospace applications. Financially, it has modest scale, thin margins, and earnings that can swing with contract timing and execution, leaving relatively little room for error. Its balance sheet and cash flows look adequate but not especially cushioned, suggesting a business that must manage working capital, capacity, and costs carefully. Strategically, its entrenched role in key defense programs, deep certifications, and tight customer relationships give it a meaningful competitive moat that is hard for new entrants to replicate quickly. At the same time, reliance on a limited set of major customers and programs, combined with its small size, makes the company inherently exposed to changes in defense spending, program schedules, and operational hiccups. Future performance will likely hinge on how well it converts its strong competitive position into steadier margins and cash flows, while managing concentration and scale risks.

NEWS

November 13, 2025 · 4:05 PM UTC

TechPrecision Corporation Reports Fiscal Year 2026 Second Quarter Financial Results

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November 12, 2025 · 8:30 AM UTC

TechPrecision Corporation Schedules Conference Call to Report Fiscal 2026 Second Quarter Financial Results

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