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MARKETS / BALCAO / TKLS
BALCAO · HOUSEHOLD APPLIANCES · SMALL CAP

Trutankless, Inc. TKLS

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1M
▲ 346.8% YoY
$-4.8M
$-1.8M
In brief

What this company does

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. The company sells its products to plumbing wholesale distributors and dealers, with approximately 95% of sales going to wholesale plumbing equipment distributors for commercial and residential repair and replace applications. As of December 31, 2025, the company generated $1,082,887 in revenue. The company currently has six employees, including its CEO, production/warehouse manager and part-time employees.

Written from the business description in Trutankless, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 22 May 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.1 · Net income -4.8
-8M-16M20122014201620182020202220242025
Compound annual growth
+145.7%
−8.2%
+15.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −8.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−439 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -329.7% · Net -438.7%
-20000%-40000%-60000%20122014201620182020202220242025
ROE
FY2015 · ROE -6464.0%
-2000%-4000%-6000%20122014201620182020202220242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.8
-1M-2M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2018 · Dividends 0.0 · Net buybacks -1.2
-0.5M-1.0M20172018

Total assetsUSD 3.1M
EquityUSD -10.0M
CashUSD 21,619.00
Gross debtUSD 765,000.00
Net debtUSD 743,381.00
Current ratio0.15×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.0··
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0··−0.0−0.0−0.0·
EBITDA $B−0.0−0.0−0.0−0.0······−0.0−0.0··
Income tax $B··0.00.00.00.00.00.0······
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0·−0.0−0.0··
EPS, diluted $−0.04−0.11−0.08··−0.18−0.12−0.11······
Dividend / sh $··············
Payout %·······−0−0·····
ROE %··········−6464.0−1392.2−494.5−686.4
Shares out B0.130.130.040.020.020.01··0.030.020.02·0.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 69 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 26 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityHousehold Appliances
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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