TECHPRECISION CORP
Business
TechPrecision Corp is a manufacturer of precision, large-scale fabricated and machined metal structural components and systems for defense and precision industrial customers. The company offers end-to-end custom manufacturing services including fabrication, machining, assembly, integration, inspection, non-destructive evaluation, and testing performed to customer specifications. Operations are conducted through two wholly owned subsidiaries—Ranor (Massachusetts) and Stadco (California)—which serve defense and aerospace markets, with defense representing substantially all revenue.
Summary from 10-K filed 2026-06-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenue | 32 | 34 | 32 | 31 | 22 | |
| Cost of revenue | 27 | 30 | 27 | — | — | |
| Gross profit | 5 | 4 | 4 | 5 | 3 | |
| Selling, general and administrative | 6 | 6 | 9 | 6 | 5 | |
| Loss from operations | −1 | −2 | −5 | −1 | −2 | |
| Other expense | −81,000 | −51,000 | 43,000 | — | −28,385 | |
| Interest expense | −485,000 | −541,000 | −521,000 | −355,608 | — | |
| Total other expense, net | −566,000 | −592,000 | −478,000 | 321,798 | 1 | |
| Loss before income taxes | −2 | −3 | −5 | −800,000 | −542,189 | |
| Income tax expense (benefit) | 31,000 | −2,000 | 2 | 195,584 | −192,355 | |
| Net loss | −2 | −3 | −7 | −979,006 | −349,834 | |
| Net loss per share - basic (in dollars per share) | −0.17 | −0.29 | −0.81 | −0.11 | −0.04 | |
| Net loss per share - diluted (in dollars per share) | −0.17 | −0.29 | −0.81 | −0.11 | −0.04 | |
| Weighted average shares outstanding - basic (in shares) | 10 | 9 | 9 | 9 | 8 | |
| Weighted average shares outstanding - diluted (in shares) | 10 | 9 | 9 | 9 | 8 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash | 431,000 | 195,000 | — | — | — | |
| Accounts receivable, less allowances for credit losses of $0 and $53, on March 31, 2026 and 2025, respectively | 2 | 2 | 2 | 2 | 3 | |
| Contract assets | 11 | 10 | 9 | 9 | 8 | |
| Raw materials | 2 | 2 | 2 | 2 | 874,538 | |
| Work-in-process | 1 | 1 | 1 | 719,736 | 1 | |
| Other current assets | 1 | 490,000 | 564,000 | 348,983 | 1 | |
| Total current assets | 18 | 15 | 15 | 15 | 16 | |
| Property, plant and equipment, net | 11 | 14 | 15 | 14 | 13 | |
| Right of use asset, net | 4 | 4 | 5 | — | — | |
| Other noncurrent assets | 122,000 | 122,000 | 122,000 | 121,256 | 121,256 | |
| Total assets | 32 | 34 | 35 | 36 | 38 | |
| Accounts payable | 2 | 2 | 1 | 2 | 3 | |
| Accrued expenses | 4 | 4 | 4 | 3 | 3 | |
| Income taxes payable | 31,000 | — | — | — | — | |
| Contract liabilities | 3 | 1 | 2 | 1 | 2 | |
| Customer deposits | 1 | 2 | 2 | — | — | |
| Current portion of long-term lease liability | 800,000 | 770,000 | 736,000 | 711,727 | 593,808 | |
| Current portion of long-term debt, net | 7 | 7 | 8 | 1 | 4 | |
| Total current liabilities | 18 | 17 | 18 | 9 | 13 | |
| Long-term equipment financing | — | 3,000 | — | 5 | 3 | |
| Long-term lease liability | 3 | 4 | 4 | 5 | 6 | |
| Other noncurrent liability | 4 | 4 | 5 | 3 | 305,071 | |
| Total liabilities | 25 | 25 | 27 | 22 | 23 | |
| Commitments and contingent liabilities (see Note 15) | — | — | — | — | — | |
| Common stock - par value $.0001 per share, 50,000,000 shares authorized: Shares issued and outstanding: March 31, 2026 - 10,078,381 and 10,024,469; March 31, 2025 - 9,761,825 and 9,751,825, respectively. | 1,000 | 1,000 | 1,000 | 861 | 858 | |
| Additional paid in capital | 19 | 19 | 15 | 15 | 15 | |
| Accumulated deficit | −12 | −10 | −7 | −356,439 | 622,567 | |
| Total stockholders' equity | 8 | 9 | 8 | 15 | 15 | |
| Total liabilities and stockholders' equity | 32 | 34 | 35 | 36 | 38 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Net loss | −2 | −3 | −7 | −979,006 | −349,834 | |
| Depreciation and amortization | 3 | 3 | 2 | 2 | 1 | |
| Amortization of debt issuance costs | 70,000 | 103,000 | 107,000 | 59,916 | 48,251 | |
| Write-off debt issuance costs | 83,000 | — | — | — | — | |
| Loss on disposal of equipment | — | 1,000 | −39,000 | −468 | — | |
| Stock based compensation | 635,000 | 103,000 | 285,000 | 253,079 | 190,754 | |
| Change in contract loss provision | −106,000 | 170,000 | 190,000 | −237,318 | −223,111 | |
| Change in allowance for credit losses | 53,000 | −31,000 | 0 | — | — | |
| Stock based acquisition termination fee | — | 419,000 | 1 | — | — | |
| Accounts receivable | −349,000 | 210,000 | −35,000 | 672,768 | −842,943 | |
| Contract assets | −1 | −1 | 421,000 | −597,580 | 1 | |
| Work-in-process and raw materials | −72,000 | 368,000 | −837,000 | −177,914 | −42,491 | |
| Other current assets | −555,000 | 74,000 | −214,000 | 1 | 354,993 | |
| Accounts payable | −22,000 | 1 | −816,000 | −1 | 245,743 | |
| Accrued expenses | −506,000 | −364,000 | 388,000 | −1 | −1 | |
| Income taxes payable | 31,000 | — | — | — | — | |
| Contract liabilities and customer deposits | 1 | −1 | 1 | — | — | |
| Other noncurrent liabilities | −662,000 | −552,000 | 1 | 2 | −50,633 | |
| Net cash provided by (used in) operating activities | 6,000 | −599,000 | 728,000 | 3 | 257,839 | |
| Purchases of property, plant, and equipment | −3 | −4 | −3 | −2 | −939,004 | |
| Reimbursements for purchases of fixed assets | 4 | 3 | 577,000 | — | — | |
| Net cash provided by (used in) investing activities | 868,000 | −1 | −3 | −2 | −9 | |
| Proceeds from revolver loan | 18 | 14 | — | 11 | 5 | |
| Repayment of revolver loan | −18 | −14 | −5 | −12 | −3 | |
| Proceeds from private placement | — | 2 | — | — | — | |
| Private placement fees | — | −247,000 | — | — | — | |
| Proceeds from equipment financing | — | 65,000 | — | — | — | |
| Debt issuance costs | −239,000 | −82,000 | −51,000 | −57,723 | −169,884 | |
| Principal payments for leases | −12,000 | −9,000 | −17,000 | −36,572 | −508,806 | |
| Repayment of long-term debt | −683,000 | −654,000 | −600,000 | −605,905 | −397,490 | |
| Net cash (used in) provided by financing activities | −638,000 | 2 | 1 | −1 | 7 | |
| Net increase in cash | 236,000 | 57,000 | −396,000 | −517,665 | −1 | |
| Cash paid during the year for interest | 409,000 | 438,000 | 414,000 | 288,085 | 236,575 | |
| Income taxes paid, net of refunds | 4,000 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TECHPRECISION CORP's CIK number?
TECHPRECISION CORP's SEC CIK number is 0001328792 (1328792). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TECHPRECISION CORP's SEC filings?
All of TECHPRECISION CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did TECHPRECISION CORP last report earnings?
TECHPRECISION CORP (TPCS) most recently filed an earnings 8-K with the SEC on Jun 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-076403). This is TECHPRECISION CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is TECHPRECISION CORP's most recent earnings 8-K?
TECHPRECISION CORP's latest earnings 8-K (Item 2.02) was filed Jun 22, 2026 under accession 0001104659-26-076403. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View TECHPRECISION CORP's latest earnings 8-K →
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