TPB Balance Sheet, Income & Cash Flow

Income Statement TPB
Line item	2004	2005	2006	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	176.03	198.14	6.39	9.54	10.30	10.20	11.57	11.99	11.81	11.45	14.65	16.78	18.07	20.53	19.90	17.79	15.88	18.63	24.72
Cost of Revenue	89.47	96.10	2.90	5.26	5.50	5.51	6.17	6.42	6.05	5.88	8.25	9.59	10.07	10.90	10.17	7.94	6.94	8.22	10.61
Gross Profit	86.56	102.03	3.50	4.28	4.80	4.69	5.40	5.58	5.77	5.57	6.40	7.19	7.99	9.63	9.73	9.85	8.94	10.41	14.11
Research & Development	–	–	–	–	–	–	0.06	0.07	0.08	0.10	0.12	0.13	0.12	0.07	0.05	0.03	0.03	0.07	–
Selling, General & Administrative	56.49	74.41	2.60	2.16	2.34	2.26	2.80	2.38	2.72	2.79	3.33	3.98	4.32	5.01	4.27	4.65	4.21	4.94	9.02
Total Operating Expenses	57.25	75.08	2.63	2.11	2.36	2.26	2.81	2.70	3.10	3.15	3.86	4.74	6.63	6.36	5.70	5.46	5.02	5.93	9.02
Operating Income	29.31	26.95	0.86	2.17	2.44	2.43	2.60	2.88	2.67	2.42	2.54	2.45	1.36	3.26	4.04	4.39	3.92	4.48	5.09
Interest Expense	47.76	53.99	1.47	1.44	1.92	2.35	2.64	2.05	2.05	1.48	0.87	0.76	0.72	0.68	0.92	1.08	0.72	0.72	1.36
Pre-Tax Income	-11.76	17.46	-0.61	0.72	0.52	0.08	-0.07	-1.74	0.61	0.83	1.38	1.59	0.95	2.54	2.92	2.33	3.03	3.35	4.44
Income Tax Expense	26.57	0.39	0.05	-0.17	0.06	0.05	0.03	0.02	0.06	-0.67	0.37	0.32	0.14	0.61	0.63	0.61	1.17	0.87	0.80
Net Income	-53.28	17.12	-0.65	0.89	0.46	0.02	-0.10	-1.76	1.00	1.49	1.04	1.28	0.81	1.94	2.33	0.64	1.88	2.06	3.11
EBITDA	-72.52	-33.75	-1.94	-0.72	-1.40	-2.27	2.77	2.93	2.73	2.54	2.37	3.06	2.84	3.65	4.41	3.60	4.33	4.86	6.19

Data as of: September 24, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Income Statement