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Financials · TPET

Trio Petroleum Corp. (TPET) financials

For the twelve months ended Jul 31, 2026, Trio Petroleum Corp. reported $851.3K of revenue and -$6.96M of net income.

Revenue, TTM
$851.3K
Revenue growth, YoY
+180.3%
Net income, TTM
-$6.96M
Net margin
-817.9%
Cash
$23.20M
P/S
10.26
Market cap
$8.7M
Annual revenue$398.7K
FY2024FY2025
Annual net income-$7.28M
FY2022FY2025

TPET revenue and earnings growth

TPET revenueQ3 2026$348.6K

Quarter YoY
+81.2%
QoQ
+67.4%
FY YoY
+87.0%

TPET revenue was $348.6K in fiscal Q3 2026 (ended Jul 31, 2026), up 81.2% from a year earlier and up 67.4% from the prior quarter. For the full fiscal 2025 it was $398.7K, up 87.0% from fiscal 2024.

TPET net incomeQ3 2026-$1.97M

TPET net income was -$1.97M in fiscal Q3 2026 (ended Jul 31, 2026), compared with -$1.39M a year earlier. For the full fiscal 2025 it was -$7.28M, compared with -$9.63M in fiscal 2024.

TPET EPSQ3 2026-$0.39

TPET diluted EPS was -$0.39 in fiscal Q3 2026 (ended Jul 31, 2026). For the full fiscal 2025 it was -$7.20.

TPET free cash flowQ2 2026-$1.62M

TPET free cash flow was -$1.62M in fiscal Q2 2026 (ended Apr 30, 2026), compared with -$1.06M a year earlier.

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Income statement

Income statement
Line item
FY2025
Oct 31, 2025
FY2024
Oct 31, 2024
FY2023
Oct 31, 2023
FY2022
Oct 31, 2022
Revenue$398.7K$213.2K--
Cost of revenue$175.7K---
Gross profit$223.0K$213.2K--
Selling, general and admin$2.82M$4.72M$3.32M$768.4K
Operating income-$5.27M-$6.22M-$4.61M-$806.0K
Interest expense$605.5K$2.12M$791.8K$1.66M
Pre-tax income-$7.28M-$9.63M-$6.54M-$3.80M
Net income-$7.28M-$9.63M-$6.54M-$3.80M
EPS, basic-$7.20-$38.88-$51.03-$46.80
EPS, diluted-$7.20-$38.88-$51.03-$46.80
Diluted shares1.0M247,368.889128,220.88982,209.922

Balance sheet

Balance sheet
Line item
FY2025
Oct 31, 2025
FY2024
Oct 31, 2024
FY2023
Oct 31, 2023
FY2022
Oct 31, 2022
Cash and equivalents$882.2K$285.9K$1.56M$73.6K
Receivables$60.0K---
Current assets$1.07M$565.2K$1.70M$1.75M
Total assets$13.21M$11.68M$11.64M$9.49M
Current liabilities$1.86M$2.59M$1.85M$6.71M
Total debt$467.2K$993.5K$1.22M$5.43M
Total liabilities$1.91M$2.64M$1.90M$6.77M
Shareholders' equity$11.30M$9.04M$9.74M$2.72M

Cash flow

Cash flow
Line item
FY2025
Oct 31, 2025
FY2024
Oct 31, 2024
FY2023
Oct 31, 2023
FY2022
Oct 31, 2022
Operating cash flow-$2.60M-$3.84M-$4.04M-$502.1K
Investing cash flow-$978.6K-$1.09M-$2.19M-
Financing cash flow$4.17M$3.65M$7.71M$496.9K
Stock-based compensation$2.63M$1.53M$1.04M$6.2K

Key ratios

Key ratios
Line item
FY2025
Oct 31, 2025
FY2024
Oct 31, 2024
FY2023
Oct 31, 2023
FY2022
Oct 31, 2022
Revenue growth, YoY87.0%---
Gross margin55.9%100.0%--
Operating margin-1322.2%-2916.3%--
Net margin-1826.3%-4515.3%--
Return on equity-64.4%-106.5%-67.2%-139.6%
Return on assets-55.1%-82.4%-56.2%-40.1%
Current ratio0.580.220.920.26
Debt to equity0.040.110.121.99

Source: XBRL data Trio Petroleum Corp. files with the SEC, latest filing dated Sep 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported Jan 17, 2025; 1-for-9, first reported Sep 9, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TPET peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TPET$851.3K+180.3%-$6.96M-817.9%$8.7M
SHEL$273.73B-5.3%$17.84B6.5%$269.06B
TTE$201.20B-6.2%$13.13B6.5%$191.74B
PBR$89.19B-2.4%$19.63B22.0%$117.80B
CNQC$38.76B+8.7%C$10.82B27.9%$98.67B
E€82.15B-7.5%€2.61B3.2%$86.74B
EOG$29.73B+31.7%$8.19B27.5%$78.56B
OXY$25.75B+36.9%$7.50B29.1%$56.88B
OKE$43.19B+36.8%$4.07B9.4%$55.08B

TPET FAQ

7 questions
  • What is TPET revenue?
    Trio Petroleum Corp. (TPET) reported $851.3K of revenue for the twelve months ended Jul 31, 2026. That is up 180.3% from the year before. Revenue for fiscal 2025 was $398.7K.
  • Is TPET profitable?
    No. Trio Petroleum Corp. reported a net loss of $6.96M for the twelve months ended Jul 31, 2026.
  • How much cash and debt does TPET have?
    Trio Petroleum Corp. reported $23.20M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is TPET revenue growing?
    Trio Petroleum Corp.'s revenue changed +87.0% in fiscal 2025, to $398.7K.
  • What is TPET gross margin?
    Trio Petroleum Corp.'s gross profit was $160.2K on $851.3K of revenue for the twelve months ended Jul 31, 2026, a gross margin of 18.8%.
  • When did TPET last report financial results?
    The latest statements here come from Trio Petroleum Corp.'s 10-Q filed on Sep 9, 2026, covering the period ended Jul 31, 2026.
  • Where does this TPET financial data come from?
    Quantisnow builds these statements from the structured XBRL data Trio Petroleum Corp. files with the SEC. It is provided for information only and is not investment advice.