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Trutankless(OTC) TKLS

Market Cap$81.77MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2011)-93%
5 Year-58%
1 Year+239,900%
1 Month-16%
$0.48
-2.04%
-0.01Today
Trutankless last closing stock price
MetricPriceDate
Last closeUSD 0.482026-08-14
Trutankless stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4%USD 0.502026-07-28
1 month-15.79%USD 0.572026-07-01
3 month+300%USD 0.122026-05-04
Year to date+37.14%USD 0.352025-12-31
1 year+239,900%USD 0.002025-08-05
3 year+39,900%USD 0.002023-07-17
5 year-58.42%USD 1.152021-08-13
Since inception-92.5%USD 6.402011-05-25

Trutankless Financials at a Glance

Market Cap

$81.77MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.04M

Net Income (TTM)

-$7.23M

EPS (TTM)

-$0.05

P/E Ratio

-9.27

Dividend

$0.00

Beta (Volatility)

98.10 (High)

Price

$0.48

Volume

734

Open

$0.07

Previous Close

$0.48

Daily Range

$0.07 - $0.48

52-Week Range

$0.00 - $0.65

Estimated Earnings Date

Dec 20, 2024

TKLS News

No articles available.

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About Trutankless

Trutankless makes electric water heaters for homes and businesses. Its products give instant hot water and can be controlled remotely. These heaters help users save space and energy in daily life.

Hot Water, No Tank: What Trutankless Sells

  • Electric Tankless Water Heaters: Main product, provides on-demand hot water for homes and businesses.
  • Wi-Fi Control Panel: Online dashboard lets users adjust temperature and monitor usage from anywhere.
  • Mobile Apps: iOS and Android apps allow remote control and status updates for users.
  • Commercial Solutions: Products designed for hotels, offices, and other large buildings needing reliable hot water.

Growth Spurts and Expansion Moves

  • Launched Gen 3 residential water heaters in Q1 2025.
  • Expanded distribution through partners like Home Depot Pro and Ferguson.
  • Invested in new manufacturing equipment and facility upgrades in 2025.
  • Developed a new customizable app and online control panel for smart electric water heaters.

What Makes Trutankless Stand Out

Trutankless uses patented technology to heat water only when needed, reducing energy waste. Its products connect to Wi-Fi, letting users control settings remotely. The company focuses on U.S. regions with high construction activity and partners with major plumbing distributors.

Five Things You Need to Know

  • Revenue was $94,454 in QQ2 2025, up 715.4% from QQ2 2024.
  • Net loss was $1,595,881 in Q1 2025, compared to $405,152 in Q1 2024.
  • 631 units were sold in Q1 2025.
  • Cash on hand was $11,404 at March 31, 2025, down from $1M at year-end 2024.
  • Working capital deficiency was $7.1M at March 31, 2025, with ongoing funding needs.

Bottom Line

Trutankless has grown quickly by launching new products and expanding distribution. The company faces ongoing financial challenges and relies on outside funding to operate.

AI Generated • Apr 16, 2026

Industry

Building Products

Sector

Industrials

Employees

6

CEO

Guy Newman

Website

www.trutankless.com

Headquarters

Scottsdale, AZ 85260, US

TKLS Financials

Key Financial Metrics (TTM)

Gross Margin

30.25%

Operating Margin

-226.44%

Net Income Margin

-354.67%

Return on Equity

77.50%

Return on Capital

-1784.82%

Return on Assets

-179.12%

Earnings Yield

-10.79%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$81.77MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

170.35M

Volume

734

Avg. Volume

8.25K

Financials (TTM)

Gross Profit

$616.31K

Operating Income

-$4.61M

EBITDA

-$4.52M

Operating Cash Flow

-$346.48K

Capital Expenditure

-$44.44K

Free Cash Flow

-$390.92K

Cash & ST Invst.

$13.13K

Total Debt

$8.87M

Trutankless Performance Analysis

Trutankless annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 73,008-70.3%
20232023-12-31USD 3,549-95.1%
20242024-12-31USD 242,3506728.7%
20252025-12-31USD 1,082,887346.8%
Trutankless sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30137.1%
Q42025-12-3149.3%
Q12026-03-31181.2%
Q22026-06-30-42.7%
Trutankless annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.24-83.0%
20232023-12-31USD -0.08-67.9%
20242024-12-31USD -0.1151.9%
20252025-12-31USD -0.04-68.7%
Trutankless sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3026.3%
Q42025-12-31-10.0%
Q12026-03-31-75.3%
Q22026-06-30-75.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$538.67K

+470.3%

Gross Profit

$300.22K

+1567.6%

Gross Margin

55.73%

N/A

Market Cap

$81.77MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$13.63M

N/A

Employees

6

N/A

Net Income

-$3.44M

-176.2%

EBITDA

-$2.26M

-134.8%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$13.13K

+9.0%

Total Debt

$8.87M

+5.1%

Accounts Receivable

$344.19K

+814.7%

Inventory

$925.93K

-22.9%

Long Term Debt

$2.94M

+92.6%

Short Term Debt

$5.92M

-22.5%

Return on Assets

-1.79%

N/A

Return on Invested Capital

58.45%

N/A

Free Cash Flow

-$442.15K

+54.5%

Operating Cash Flow

-$442.14K

+52.0%

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Questions About TKLS

What is the current price of Trutankless?

Trutankless is trading at $0.48 per share.

What is the 52-week range for Trutankless?

Over the past 52 weeks, Trutankless has traded between $0.00 and $0.65.

How much debt does Trutankless have?

As of the most recent reporting period, Trutankless reported total debt of $8.87M.

How much cash does Trutankless have on hand?

Trutankless reported $13.13K in cash and cash equivalents in its most recent financial results.

What is Trutankless’s dividend yield?

Trutankless does not currently have a dividend yield.

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