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Trutankless (TKLS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 19, 2026 · Trutankless (TKLS) Q2 2026 earnings results →
Q2 2026 Revenue up 470% year over year to $539K · 638¢ of every $1 of revenue lost · operating margin -423.8%
Trutankless made $539K in Q2 2026 (+470% Y/Y). Operating margin -423.8%, net loss $3.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $539K in Q2 2026, up 470% year over year and down 43% from the previous quarter.
Gross margin was 55.7%, up 36.7 points from Q2 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -423.8%. Operating expenses grew 158% against revenue growth of 470%. The fastest-growing cost line was Research & development (+9179%). The quarter ended with a net loss of $3.4M, wider than the previous quarter's $1.9M loss.
Operating cash flow was −$442K. Non-cash charges added back $23K of depreciation. Working capital and other items added $3.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 19, 2026 | $539K | +470% | -423.8% | −$3.4M | −$442K |
| Q1 2026 | 10-Q | Jun 9, 2026 | $940K | +119% | -119.4% | −$1.9M | −$50K |
| Q4 2025 | 10-K | May 22, 2026 | $334K | +555% | -159.5% | −$992K | $914K |
| Q3 2025 | 10-Q | Nov 20, 2025 | $224K | +25% | -301.4% | −$918K | −$769K |
| Q2 2025 | 10-Q | Oct 31, 2025 | $94K | +715% | n/m | −$1.2M | −$921K |
| Q1 2025 | 10-Q | Oct 9, 2025 | $430K | — | -321.0% | −$1.6M | −$707K |
| Q4 2024 | 10-K | Aug 28, 2025 | $51K | 638× | n/m | −$15.1M | −$647K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Trutankless
Trutankless, Inc. was incorporated in the state of Nevada on March 7, 2008. The Company is headquartered in Scottsdale, Arizona and currently operates through its wholly owned subsidiaries, Bollente, Inc., a Nevada corporation incorporated on December 3, 2009 and Tankless365, Inc., a Nevada corporation incorporated on October 20, 2021. Trutankless is involved in research and development, sales, marketing, of a high quality, whole-house, smart electric tankless water heater that is more energy efficient than conventional products. Management anticipates the Company’s second generation of Trutankless water heaters, with Bluetooth, and Zigbee capability. Trutankless’ proprietary app is expected to launch into the iOS and Android store and will augment other products in the home automation space.
In its own words, from its 10-K, filed May 22, 2026.
Trutankless against its Household Appliances peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +470% against the peers' median -0.2%. Operating margin: -423.8% against the peers' median 0.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TKLS Trutankless | Q2 2026 | $539K | +470% | -423.8% |
| WHR Whirlpool | Q3 2026 | $3.7B | -9% | 0.1% |
| SN SharkNinja | Q3 2026 | $2.0B | +21% | 22.4% |
| AOS Smith A O | Q3 2026 | $940M | -0.2% | 18.5% |
| COOK Traeger | Q3 2026 | $74.7M | -40% | -26.5% |
Source: Trutankless 10-Q on SEC EDGAR · CIK 1429393 · Household Appliances
More on TKLS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results