TROOPS, Inc. (TROO) Income Statement
TROO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTROO revenue and net income
Where TROO's revenue goes
2025Each bar shows an amount and its share of revenue. TROO kept −163.2% of revenue as net income.
TROO profit margins
TROO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +69.7% | +64.0% | +31.8% | +24.4% |
| Gross profit | −19.4% | +23.9% | — | +32.3% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TROO quarterly EPS vs estimates
TROOPS beat the analyst EPS estimate in 0 of the last 2 quarters. Next report: October 21, 2026.
TROO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.1M | $10.1M | $3.6M | $3.9M | $3.7M | $4.3M | $5.5M | $1.6M | $51,000 | $5.1M |
| Cost of revenue | $15.5M | $8.1M | $2.8M | $3.1M | $3.3M | $5.4M | $4.1M | $2.6M | $1.3M | $4.9M |
| Gross profit | $1.6M | $1.9M | $776,000 | $822,000 | $360,000 | −$1.1M | $1.4M | −$1.1M | −$1.3M | $202,000 |
| Sales, general & admin | $18.2M | $4.0M | $2.8M | $2.2M | $2.7M | $2.6M | $4.3M | $2.4M | $3.6M | $4.2M |
| Total operating expenses | $18.2M | $7.7M | $2.6M | $1.4M | $4.2M | $4.6M | $3.6M | $2.5M | $3.6M | $4.2M |
| Operating income | −$16.7M | −$5.7M | −$1.8M | −$397,000 | −$3.9M | −$67.3M | −$2.0M | −$14.3M | −$11.9M | −$4.0M |
| Interest income | $62,000 | $10,000 | $14,000 | $2,000 | $0 | $0 | $1,000 | $0 | $134,000 | — |
| Interest expense | $0 | $0 | $62,000 | $59,000 | $103,000 | $1.0M | $218,000 | $58,000 | $13,000 | $15,000 |
| Income before taxes | −$29.4M | −$13.4M | −$1.9M | −$402,000 | −$8.5M | −$68.2M | −$41.7M | −$13.9M | −$11.9M | −$5.4M |
| Income taxes | −$1.5M | $27,000 | −$140,000 | −$56,000 | −$126,000 | −$309,000 | −$4.6M | −$311,000 | −$679,000 | −$315,000 |
| Net income | −$27.9M | −$13.4M | −$1.7M | −$346,000 | −$8.4M | −$67.9M | −$37.1M | −$12.4M | −$11.2M | −$5.0M |
| EBITDA | −$27.1M | −$11.2M | $319,000 | $1.6M | −$6.3M | −$775,000 | $1.6M | −$845,000 | −$7.7M | −$4.1M |
| EPS (diluted) | −$0.23 | −$0.13 | −$0.02 | $0.00 | −$0.08 | −$0.58 | −$0.16 | −$0.78 | −$0.55 | −$1.03 |
| Gross margin | 9.1% | 19.3% | 21.7% | 21.2% | 9.8% | −24.8% | 25.4% | −66.8% | −2,533.3% | 4.0% |
| Operating margin | −97.6% | −56.9% | −50.5% | −10.2% | −104.9% | −1,568.6% | −36.2% | −906.2% | −23,266.7% | −78.3% |
| Net margin | −163.2% | −133.2% | −48.2% | −8.9% | −228.4% | −1,582.2% | −670.6% | −783.0% | −21,988.2% | −99.6% |
| Mar '26 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.5M | $7.6M | $3.7M | $7.5M | $3.7M | $2.6M | $1.3M | $1.7M | $867,500 | $1.8M | $917,000 | $975,500 |
| Cost of revenue | $9.0M | $6.5M | $4.8M | $6.2M | $4.8M | $1.9M | $955,500 | $1.3M | $660,000 | $1.4M | $712,000 | $48,500 |
| Gross profit | $436,000 | $1.1M | −$1.1M | $1.2M | −$1.1M | $698,000 | $349,000 | $415,000 | $207,500 | $410,000 | $205,000 | $927,000 |
| Sales, general & admin | — | — | $1.0M | $1.8M | $1.0M | $2.2M | $1.1M | $1.3M | $642,500 | $1.5M | $734,500 | $508,499 |
| Total operating expenses | $15.9M | $2.4M | $1.0M | $5.5M | $1.0M | $2.2M | $1.1M | $1.2M | $582,000 | $1.5M | $736,000 | $564,000 |
| Operating income | −$15.5M | −$1.2M | −$2.1M | −$2.8M | −$2.1M | −$3.0M | −$742,500 | −$743,000 | −$371,500 | −$1.1M | −$529,500 | $515,499 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $33,000 | — |
| Income before taxes | −$28.3M | −$1.1M | −$6.0M | −$10.4M | −$6.0M | −$3.0M | −$741,000 | −$772,000 | −$386,000 | −$1.1M | −$543,500 | $444,500 |
| Income taxes | −$1.4M | −$137,000 | $76,500 | $279,000 | $76,500 | −$252,000 | $63,000 | −$91,000 | $45,500 | −$49,000 | $24,500 | $29,000 |
| Net income | −$26.9M | −$966,000 | −$6.0M | −$12.1M | −$6.0M | −$1.4M | −$678,000 | −$681,000 | −$340,500 | −$1.0M | −$519,000 | $415,500 |
| EBITDA | −$15.5M | −$1.2M | −$1.6M | −$10.8M | −$1.6M | −$427,000 | −$213,500 | $278,500 | $121,000 | −$74,000 | −$37,000 | $1.0M |
| EPS (diluted) | — | — | −$0.12 | — | −$0.01 | — | — | — | — | — | — | — |
| Gross margin | 4.6% | 14.8% | −29.8% | 16.7% | −29.8% | 26.8% | 26.8% | 23.9% | 23.9% | 22.4% | 22.4% | 95.0% |
| Operating margin | −163.1% | −16.2% | −56.8% | −37.0% | −56.8% | −113.8% | −56.9% | −42.8% | −42.8% | −57.7% | −57.7% | 52.8% |
| Net margin | −284.3% | −12.7% | −161.5% | −161.5% | −161.5% | −52.0% | −52.0% | −39.3% | −39.3% | −56.6% | −56.6% | 42.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TROO's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TROO financial results
In fiscal year 2025 (ended December 31, 2025), TROOPS reported revenue of $17.1 million, up 69.7% from the year before. It had a net loss of $27.9 million, a net profit margin of −163.2%. Diluted earnings per share came to −$0.23. Over five years revenue grew at an average rate of 31.8% a year.
See the TROO stock overview for the latest quote and news, or the TROO chart for price history and technical indicators.
TROO income statement FAQ
What is TROOPS's annual revenue?
TROOPS reported total revenue of $17.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 69.7% from $10.1 million the previous year.
Is TROOPS profitable?
No. TROOPS reported a net loss of $27.9 million in fiscal 2025, a net profit margin of −163.2%; its operating margin was −97.6%.
What is TROOPS's gross margin?
TROOPS's gross margin was 9.1% in fiscal 2025: for every $100 of revenue, TROOPS kept $9 after the direct cost of its products and services.
How fast is TROOPS growing?
Revenue grew 31.8% a year on average over the last five fiscal years, from $4.3 million to $17.1 million.
What are TROOPS's earnings per share?
TROOPS earned $-0.23 per diluted share in fiscal 2025, compared with $-0.13 a year earlier.
When will TROOPS report its next earnings?
TROOPS is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 before the market opens.
When does TROOPS's fiscal year end?
TROOPS's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.