Thirdwave Financial (THIRDFIN) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2025Income Metrics
Revenue
1.0B
Gross Profit
765.1M
75.48%
Operating Income
171.1M
16.88%
Net Income
159.9M
15.77%
Balance Sheet Metrics
Total Assets
1.7B
Total Liabilities
81.1M
Shareholders Equity
1.6B
Debt to Equity
0.05
Cash Flow Metrics
Operating Cash Flow
214.6M
Free Cash Flow
251.1M
Revenue & Profitability Trend
Thirdwave Financial Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1.0B | 12.3M | 13.7M | 17.9M | 9.7M |
| Cost of Goods Sold | 248.6M | 11.9M | 13.3M | 17.8M | 10.3M |
| Gross Profit | 765.1M | 371.0K | 389.0K | 73.0K | -636.0K |
| Operating Expenses | 266.1M | 1.1M | 749.0K | 701.0K | 700.0K |
| Operating Income | 171.1M | -1.1M | -1.3M | 202.0K | -1.5M |
| Pre-tax Income | 158.5M | 404.0K | -865.0K | 654.0K | -779.0K |
| Income Tax | -1.4M | 0 | 0 | 100.0K | 0 |
| Net Income | 159.9M | 404.0K | -865.0K | 554.0K | -779.0K |
| EPS (Diluted) | - | ₹0.18 | -₹0.39 | ₹0.25 | -₹0.35 |
Income Statement Trend
Thirdwave Financial Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 403.6M | 14.0M | 13.6M | 7.0M | 13.9M |
| Non-Current Assets | 1.3B | 0 | 0 | 7.5M | 0 |
| Total Assets | 1.7B | 14.0M | 13.6M | 14.6M | 13.9M |
| Liabilities | |||||
| Current Liabilities | 33.3M | 34.0K | 22.0K | 121.0K | 51.0K |
| Non-Current Liabilities | 47.7M | 1.0K | 0 | 0 | 0 |
| Total Liabilities | 81.1M | 35.0K | 22.0K | 121.0K | 51.0K |
| Equity | |||||
| Total Shareholders Equity | 1.6B | 14.0M | 13.6M | 14.4M | 13.9M |
Balance Sheet Composition
Thirdwave Financial Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 166.8M | 404.0K | -865.0K | 654.0K | -779.0K |
| Operating Cash Flow | 214.6M | -13.0M | 12.9M | -16.6M | -4.2M |
| Investing Activities | |||||
| Capital Expenditures | -12.5M | 0 | 0 | - | - |
| Investing Cash Flow | -46.1M | 0 | 0 | - | - |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | 157.3M | 0 | 0 | 0 | 0 |
| Free Cash Flow | 251.1M | -13.0M | 12.8M | -9.1M | -5.4M |
Cash Flow Trend
Thirdwave Financial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
37.10
Price to Book
1.96
Price to Sales
5.19
Profitability Ratios
Profit Margin
16.46%
Operating Margin
17.16%
Return on Equity
10.16%
Return on Assets
9.66%
Financial Health
Current Ratio
12.11
Debt to Equity
0.18
Beta
0.42
Per Share Data
EPS (TTM)
₹2.84
Book Value per Share
₹53.80
Revenue per Share
₹24.86
Financial data is updated regularly. All figures are in the company's reporting currency.