TMD Energy Limited
AMEX: TMDE · ENERGY · OIL & GAS MIDSTREAM
Updated 2026-06-04
TMD Energy Limited (TMDE) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating cash flow | $518556.00 | $654219.00 | $-24.29M |
| Capital expenditures | $6.61M | $3.15M | $3.75M |
| Depreciation | $3.02M | $4.28M | $4.78M |
| Stock-based comp | — | — | — |
| Free cash flow | $-6.09M | $-2.50M | $-28.04M |
| Investing cash flow | $-6.61M | $-3.15M | $-3.76M |
| Financing cash flow | $8.05M | $-2.49M | $38.66M |
| Dividends paid | — | — | — |
| Share repurchases | — | — | — |
| Debt repayment | — | — | — |
| Net change in cash | — | — | — |
Frequently asked questions
What is TMD Energy Limited's revenue?
TMD Energy Limited's trailing twelve-month revenue is $607.42M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TMDE?
In its most recent fiscal year, TMDE ran a gross margin of 2.33%, an operating margin of 0.87%, and a net margin of 0.27%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TMDE generate?
TMDE produced $-28.04M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TMDE's balance sheet healthy?
TMDE holds $16.07M in cash and equivalents against $504319.00 in long-term debt, on $17.88M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.