TPHS Trinity Place Holdings Inc.

Overview and Growth

Trinity Place Holdings Inc. generated $3.54M of revenue in fiscal 2024, with net income of $5.60M and an operating cash outflow of $7.94M. The $3.54M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $33.60M in fiscal 2023, revenue decreased 89.5%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was $0.09, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 62.64M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 38.36M diluted shares in fiscal 2023, the current 62.64M base was 63.3% higher. Total assets stood at $3.73M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.95x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was an operating loss of $4.98M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 140.5%, showing the shortfall after operating costs. After all reported below-operating-line items, the company recorded net income of $5.60M for the fiscal year. Net margin was 158.2%, meaning that this portion of revenue remained as net income after all recognized expenses. The company reported negative EBITDA of $4.21M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Pretax income was $5.82M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 164.3%, relating income before taxes directly to revenue. The reported income-tax provision was $218.00K, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 3.7%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 254.6%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 150.3%, connecting net income with the company’s total asset base. The bottom line improved from a $39.02M loss in fiscal 2023 to $5.60M of income.

Liquidity and Capital Structure

The company held $3.73M of assets against $1.53M of liabilities and $2.20M of equity, revealing how the asset base was financed. Cash and equivalents totaled $277.00K, identifying the most liquid reported component available within the broader current-asset balance. The equity-to-assets relationship was 59.1%, placing book capital against the total resource base. The liabilities-to-assets relationship was 40.9%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 7.4% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $267.51M in fiscal 2023, the current asset base moved 98.6% and finished lower. Compared with $264.00K in fiscal 2023, the current cash balance moved 4.9% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $7.94M, showing that operations absorbed cash during the period. Cash absorbed by operations increased from $5.47M in fiscal 2023 to $7.94M.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.