TECTP (TECTP)
Tectonic Financial, Inc.
NASDAQ:TECTPFinancial Services · Banks - Regional
Mkt Cap-
Float-
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$72.24M
Net Income$13.94M
Total Assets$863.38M
Free Cash Flow-$86.84M
Debt & Equity
Debt 16%
Equity 84%
Preferred 0%
Total Debt$22M
Total Equity$113.43M
Preferred Stock$17K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TECTP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$863.38M
Liabilities$749.95M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$4.73M
Goodwill$21.44M
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $72.24M | $65.88M | $66.26M | $60.17M | $47.62M | $40.3M | $35.14M | $20.64M | $22.22M | $22.32M | $21.23M | $18.38M | $14.85M |
| YoY Growth | 9.7% | -0.6% | 10.1% | 26.3% | 18.2% | 14.7% | 70.3% | -7.1% | -0.4% | 5.1% | 15.5% | 23.8% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $72.24M | $65.88M | $33.38M | $29.38M | $47.62M | $40.3M | $35.14M | $20.64M | $22.22M | $22.32M | $21.23M | $18.38M | $14.85M |
| Gross Margin | 100.0% | 100.0% | 50.4% | 48.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $41.98M | $36.58M | $35.55M | $29.29M | $26.27M | $23.85M | $18.46M | $9.43M | $7.63M | $6.76M | $6.46M | $5.91M | $4.39M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $41.98M | $36.58M | $44.8M | $38.33M | $33.7M | $30.52M | $24.51M | $17.11M | $16.04M | $17.22M | $16.44M | $15.2M | $12.77M |
| Operating Income (EBIT) | $30.27M | $29.29M | $21.45M | $21.84M | $13.92M | $9.78M | $10.63M | $11.2M | $14.59M | $15.55M | $14.77M | $12.47M | $2.08M |
| Operating Margin | 41.9% | 44.5% | 32.4% | 36.3% | 29.2% | 24.3% | 30.3% | 54.3% | 65.7% | 69.7% | 69.6% | 67.8% | 14.0% |
| Interest Expense | $0 | $0 | $5.9M | $3.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $33.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$11.95M | -$10.24M | $0 | $0 | $0 | $0 | $0 | -$7.67M | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $18.32M | $19.06M | $21.45M | $21.84M | $13.92M | $9.78M | $10.63M | $3.53M | $6.18M | $5.1M | $4.79M | $3.18M | $2.08M |
| Income Tax Expense | $4.38M | $3.84M | $4.42M | $4.8M | $3M | $1.9M | $1.01M | $598K | $2.2M | $1.8M | $1.75M | -$910K | $0 |
| Net Income | $13.94M | $15.22M | $15.48M | $15.48M | $9.37M | $6.46M | $8.82M | $2.93M | $3.98M | $3.29M | $3.04M | $4.09M | $2.08M |
| Net Income Margin | 19.3% | 23.1% | 23.4% | 25.7% | 19.7% | 16.0% | 25.1% | 14.2% | 17.9% | 14.8% | 14.3% | 22.2% | 14.0% |
| Supplementary Data | |||||||||||||
| EPS | 1.71 | 1.87 | 2.11 | 2.21 | 1.42 | 0.98 | 1.34 | 1.04 | 1.96 | 1.63 | 1.51 | 2.03 | 1.16 |
| Diluted EPS | 1.68 | 1.87 | 2.11 | 2.20 | 1.42 | 0.98 | 1.34 | 1.04 | 1.96 | 1.63 | 1.51 | 2.03 | 1.15 |
| Weighted Average OS | 7.08M | 7.29M | 7.34M | 7.00M | 6.58M | 6.57M | 6.56M | 2.81M | 2.03M | 2.02M | 2.02M | 2.02M | 1.80M |
| EBITDA | $451K | $59.04M | $52.6M | $53.26M | $35.91M | $27.15M | $28.79M | $23.19M | $29.83M | $31.46M | $29.81M | $191K | $139K |
| EBITDA Margin | 0.6% | 89.6% | 79.4% | 88.5% | 75.4% | 67.4% | 81.9% | 112.4% | 134.2% | 141.0% | 140.4% | 1.0% | 0.9% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $5.85M | $58.77M | $8.55M | $45.99M | $46.87M | $20.2M | $18.46M | $16.22M | $12.32M | $8.71M | $6.93M | $5.44M | $6.83M |
| Short-Term Investments | $20.28M | $22.98M | $20.63M | $17.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $26.13M | $27.99M | $29.18M | $27.36M | $46.87M | $20.2M | $18.46M | $16.22M | $12.32M | $8.71M | $6.93M | $5.44M | $6.83M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $26.13M | $58.77M | $42.16M | $45.99M | $46.87M | $20.2M | $18.46M | $16.22M | $12.32M | $8.71M | $6.93M | $5.44M | $6.83M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $4.73M | $4.76M | $6.23M | $6.13M | $5.81M | $6.4M | $5.61M | $4.9M | $4.57M | $4.5M | $4.55M | $2.45M | $265K |
| Goodwill | $21.44M | $21.44M | $21.44M | $21.44M | $10.73M | $10.73M | $8.38M | $8.38M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $359K | $569K | $777K | $979K | $1.18M | $1.38M | $3.66M | $1.93M | $1.52M | $1.15M | $565K | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.43M | $0 | $636K | $405K | $83K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $835.31M | $889K | $513.9M | $482.33M | $431.52M | $326.55M | $277.84M | $240.36M | $194.28M | $162.2M | $150.45M | $136.08M | $0 |
| Total Long-Term Assets | $27.6M | $27.45M | $570.38M | $539.02M | $466.56M | $344.85M | $293.2M | $257.3M | $200.78M | $168.22M | $156.15M | $139.1M | $265K |
| Other Assets | $809.65M | $591.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $107.34M |
| Total Assets | $863.38M | $677.35M | $612.54M | $585.01M | $513.43M | $365.06M | $311.66M | $273.52M | $213.09M | $176.93M | $163.08M | $144.54M | $114.43M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$95K | -$95K | $0 | $0 | -$186K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $257K | $1.71M | $915K | $2.14M | $2.62M | $1.89M | $1.73M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $22M | $33M | $12M | $46.52M | $95.69M | $24M | $13.91M | $29M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $23.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $194K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $727.95M | $537.49M | $504.04M | $453.7M | $0 | $266.58M | $260.27M | $219.54M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $749.95M | $570.49M | $515.94M | $46.52M | $95.69M | $314.4M | $273.93M | $246.83M | $181.94M | $149.72M | $139.29M | $124.11M | $0 |
| Other Liabilities | $0 | $0 | $0 | $500.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $749.95M | $570.49M | $516.04M | $500.22M | $453.41M | $314.58M | $274.19M | $248.54M | $915K | $2.14M | $2.62M | $1.89M | $1.73M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $17K | $17K | $17K | $17K | $17K | $17K | $1K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $72K | $72K | $71K | $71K | $66K | $66K | $66K | $65K | $40K | $40K | $40K | $40K | $40K |
| Retained Earnings | $68.17M | $58.92M | $48.56M | $34.85M | $20.66M | $11.29M | $6.13M | $1.9M | $8.38M | $4.4M | $1.1M | -$1.93M | -$6.02M |
| Comprehensive Income & Other | -$1.64M | -$1.82M | -$2.37M | -$328K | $68K | $54K | -$209K | -$58K | -$223K | $10K | -$12K | -$305K | $0 |
| Other Stockholders' Equity | $45.19M | $47.87M | $47.86M | $49.87M | $39.29M | $39.12M | $31.28M | $23.02M | $22.74M | $22.77M | $22.65M | $22.33M | $23.01M |
| Total Equity | $113.43M | $106.86M | $96.5M | $84.79M | $60.01M | $50.48M | $37.47M | $24.98M | $31.16M | $27.21M | $23.8M | $20.43M | $17.03M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $863.38M | $677.35M | $612.54M | $585.01M | $513.43M | $365.06M | $311.66M | $273.52M | $32.07M | $29.35M | $26.42M | $22.32M | $18.76M |
| Supplementary Data | |||||||||||||
| Total Debt | $22M | $33M | $12M | $46.52M | $95.69M | $24M | $13.91M | $29M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$5.85M | -$25.77M | -$30.16M | $529K | $48.82M | $3.8M | -$4.54M | $12.78M | -$12.32M | -$8.71M | -$6.93M | -$5.44M | -$6.83M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $13.94M | $15.22M | $17.03M | $17.03M | $10.93M | $7.88M | $9.62M | $2.93M | $3.98M | $3.29M | $3.04M | $4.09M | $2.08M |
| Depreciation & Amortization | $451K | $457K | $436K | $544K | $634K | $924K | $1.48M | $780K | $637K | $351K | $269K | $191K | $139K |
| Deferred Income Tax | $0 | -$56K | $311K | -$216K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $98K | $302K | $272K | $330K | $151K | $109K | $101K | $70K | $199K | $98K | $25K | $9K | $27K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $6.79M | -$5.12M | $277K | -$1.28M | -$2.06M | $1.72M | -$374K | $391K | -$1.49M | -$991K | $847K | $829K | $0 |
| Total Working Capital Change | $6.79M | -$5.12M | $277K | -$1.28M | -$2.06M | $1.72M | -$374K | $391K | -$1.49M | -$991K | $847K | $829K | $0 |
| Other Non-Cash Items | -$107.81M | -$43.99M | -$53.8M | -$59.66M | -$30.1M | -$28.82M | -$23.05M | -$16.75M | -$3.19M | $4.62M | -$3.46M | -$8.95M | -$1.03M |
| Net Cash from Operating | -$86.63M | -$33.19M | -$35.79M | -$43.03M | -$20.45M | -$18.18M | -$12.22M | -$12.57M | $133K | $7.37M | $716K | -$3.83M | $1.19M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$213K | -$376K | -$128K | -$178K | -$61K | -$181K | -$163K | -$1K | -$284K | -$171K | -$2.31M | -$2.36M | -$87K |
| Acquisitions | $0 | $0 | -$435.16M | -$3.19M | $0 | -$2.5M | $0 | -$18.74M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$405.8M | -$7.41M | -$17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $467.6M | $442.57M | $445.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$73.81M | -$62.44M | $21.29M | -$407.28M | -$87.38M | -$20.72M | -$12.04M | -$26.17M | -$29.88M | -$16.72M | -$10.86M | -$21.32M | -$12.21M |
| Net Cash from Investing | -$74.03M | -$643K | $21.17M | $29.48M | -$87.44M | -$23.4M | -$12.2M | -$44.91M | -$30.16M | -$16.89M | -$13.17M | -$23.69M | -$12.29M |
| Financing Activities | |||||||||||||
| Debt Repaid | $11M | -$21M | $34.52M | $78.1M | -$71.69M | -$5.08M | $10.09M | -$23M | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2.96M | -$1.09M | -$481K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$4.68M | -$3.58M | -$3.32M | -$2.84M | -$1.55M | -$1.42M | -$802K | -$10.68M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $184.26M | $34.12M | $49.1M | $93.62M | $64.41M | $39.66M | $35.12M | $62.85M | $33.64M | $11.3M | $13.94M | $26.13M | -$11.55M |
| Net Cash from Financing | $165.62M | $50.44M | $10.78M | $12.68M | $134.55M | $43.33M | $24.23M | $75.17M | $33.64M | $11.3M | $13.94M | $26.13M | -$11.55M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $4.96M | $16.61M | -$3.84M | -$876K | $26.66M | $1.75M | -$11.55M | $17.69M | $3.61M | $1.78M | $1.49M | -$1.38M | -$22.66M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$86.63M | -$33.19M | -$35.79M | -$43.03M | -$20.45M | -$18.18M | -$12.22M | -$12.57M | $133K | $7.37M | $716K | -$3.83M | $1.19M |
| Capital Expenditure | -$213K | -$376K | -$128K | -$178K | -$61K | -$181K | -$163K | -$1K | -$284K | -$171K | -$2.31M | -$2.36M | -$87K |
| Free Cash Flow | -$86.84M | -$33.56M | -$35.91M | -$43.21M | -$20.51M | -$18.36M | -$12.38M | -$12.57M | -$151K | $7.2M | -$1.59M | -$6.19M | $1.1M |
| Cash at Beginning | $58.77M | $42.16M | $45.99M | $46.87M | $20.2M | $18.46M | $30.01M | $12.32M | $8.71M | $6.93M | $5.44M | $6.83M | $29.48M |
| Cash at End | $63.72M | $58.77M | $42.16M | $45.99M | $46.87M | $20.2M | $18.46M | $30.01M | $12.32M | $8.71M | $6.93M | $5.44M | $6.83M |