Tantalus Systems Holding Inc. (TSX:GRID)

Tantalus Systems Holding Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	58.36	54.11	44.31	42.15	39.6	32.17
Revenue Growth	12.70%	22.12%	5.13%	6.42%	23.10%	-2.66%
Gross Profit Gross Profit Growth	33.82	29.59	24.02	21.86	18.9	14.35
Operating Income Operating Income Growth	1.05	0.5	-1.26	-2.29	-5.69	-6.24
Net Income Net Income Growth	0.19	-0.99	-2.63	-1.69	-5.2	-7.02
Earnings Per Share EPS Growth	0.00	-0.02	-0.05	-0.04	-0.12	-0.17
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Connected Devices Connected Devices Growth	35.29	27.63	27.29	26.52	21.67
Software and Services Software and Services Growth	18.82	16.69	14.86	13.08	10.51
Total Total Growth	54.11	44.31	42.15	39.6	32.17

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	21.26	12.62	13.22	5.15	5.85	14.2
Total Debt Total Debt Growth	5.48	8.49	12.82	14.37	13.84	12.11
Net Cash (Debt) Net Cash Growth	15.78	4.13	0.4	-9.21	-7.99	2.1
Net Cash Growth	1523.25%	938.44%	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	0.27	0.08	0.01	-0.21	-0.18	0.05

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1.48	4.72	2.64	-0.84	-3.4	-4.01
Capital Expenditures CapEx Growth	-0.43	-0.75	-0.41	-0.27	-0.18	-0.15
Free Cash Flow Free Cash Flow Growth	1.05	3.96	2.23	-1.11	-3.58	-4.16
Free Cash Flow Growth	-70.89%	77.75%	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	57.96%	54.69%	54.21%	51.86%	47.71%	44.61%
Operating Margin	1.80%	0.93%	-2.85%	-5.42%	-14.37%	-19.40%
Pretax Margin	0.81%	-1.63%	-5.90%	-3.97%	-15.34%	-21.69%
Profit Margin	0.32%	-1.83%	-5.93%	-4.00%	-13.12%	-21.82%
FCF Margin	1.80%	7.32%	5.03%	-2.63%	-9.03%	-12.94%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
P/FCF Ratio	170.72	44.50	29.96	-	-	-
PS Ratio	3.08	3.26	1.51	0.66	0.84	1.98

Data Source: S&P Global Market Intelligence Last updated: Nov 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 15, 2026

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