Tecnoglass Inc (TGLS) financial statements: income statement, balance sheet and cash flow
Tecnoglass Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Tecnoglass Inc reported revenue of $983.6M (+10.5% year on year) and net income of $159.6M (-1.1% year on year).
Income statement
Tecnoglass Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total Revenues
$983.6M
$890.2M
$833.3M
$716.6M
Cost of Revenue
$562.2M
$510.2M
$442.3M
$367.1M
Gross profit
$421.4M
$380.0M
$390.9M
$349.5M
Selling expense
($105.4M)
($81.3M)
($68.1M)
($69.0M)
General and administrative expense
($90.9M)
($71.7M)
($63.1M)
($54.1M)
Total operating expenses
($196.3M)
($153.0M)
($131.2M)
($123.1M)
Other operating income
$5.6M
—
—
—
Operating income
$230.7M
$227.0M
$259.8M
$226.4M
Non-Operating Income (Expense)
$3.1M
$5.9M
$5.1M
$4.2M
Foreign Currency Gain/Loss
$3.8M
($5.7M)
$686.0K
$2.0M
Interest Expense
($1.4M)
—
—
—
Interest expense and deferred cost of financing
($3.4M)
($7.4M)
($9.2M)
($8.2M)
Equity method income
$2.5M
$5.4M
$5.0M
—
Income before taxes
$235.3M
$225.2M
$261.4M
$231.2M
Income tax provision
($75.7M)
($63.8M)
($77.9M)
($74.8M)
Net income
$159.6M
$161.3M
$183.5M
$156.4M
Income attributable to parent
$159.6M
$161.3M
$182.9M
$155.7M
Earnings Per Share (Basic)
$3.42
$3.43
$3.85
$3.28
Earnings Per Share (Diluted)
$3.42
$3.43
$3.85
$3.28
Weighted Average Shares Outstanding
46.7M
47.0M
47.5M
47.7M
Weighted Average Shares Outstanding, Diluted
46.7M
47.0M
47.5M
47.7M
Foreign currency translation adjustments
$72.2M
($53.2M)
$63.1M
($46.6M)
Change in fair value derivative contracts
($4.1M)
($2.1M)
($2.7M)
—
Other Comprehensive Income (loss)
$68.1M
($55.3M)
$60.3M
—
Total Comprehensive income
$227.6M
$106.0M
$243.8M
$119.0M
Total comprehensive income attributable to parent
$227.6M
$106.0M
$243.2M
$118.3M
Tecnoglass Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$295.3M
$249.0M
$260.5M
$255.5M
Cost of sales
($185.3M)
($153.2M)
($149.2M)
($141.2M)
Gross profit
$110.0M
$95.8M
$111.3M
$114.3M
Selling expense
($45.1M)
($22.9M)
($26.0M)
($29.7M)
General and administrative expense
($28.4M)
($28.0M)
($21.3M)
($23.4M)
Total operating expenses
($73.5M)
($50.9M)
($47.3M)
($53.1M)
Operating income
$36.5M
$44.9M
$65.4M
$61.2M
Non-Operating Income (Expense)
$644.0K
$856.0K
$1.0M
$588.0K
Equity method (loss) income
($231.0K)
$102.0K
$519.0K
$942.0K
Foreign Currency Gain/Loss
$5.2M
$917.0K
$1.9M
$847.0K
Interest expense, net and deferred cost of financing
($3.5M)
($3.0M)
$564.0K
($1.4M)
Income before taxes
$38.6M
$43.8M
$68.0M
$62.2M
Income tax provision
($14.1M)
($11.9M)
($20.8M)
($18.1M)
Net income
$24.6M
$31.9M
$47.2M
$44.1M
Earnings Per Share (Basic)
$0.55
$0.71
$1.01
$0.94
Earnings Per Share (Diluted)
$0.55
$0.71
$1.01
$0.94
Weighted Average Shares Outstanding
44.4M
44.6M
46.8M
47.0M
Weighted Average Shares Outstanding, Diluted
44.4M
44.6M
46.8M
47.0M
Foreign currency translation adjustments
$35.7M
$13.2M
$20.3M
$13.3M
Change in fair value of investments available for sale and derivative contracts
($50.0K)
$192.0K
($2.6M)
$785.0K
Other comprehensive income
$35.6M
$13.4M
$17.8M
$14.0M
Total Comprehensive income
$60.2M
$45.3M
$64.9M
$58.1M
Balance sheet
Tecnoglass Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and Cash Equivalents
$100.9M
$134.9M
$129.5M
$103.7M
Short-Term Investments
$3.1M
$2.6M
$2.9M
$2.0M
Accounts Receivable
$239.4M
$202.9M
$166.5M
$158.4M
Other Non-Operating Current Assets
$2.0M
$2.7M
$1.4M
$1.4M
Inventory
$213.5M
$139.6M
$159.1M
$125.0M
Other Current Assets
$31.8M
$22.9M
$17.8M
$12.6M
Other Non-Operating Current Assets
$62.7M
$54.3M
$58.6M
$29.0M
Total current assets
$653.6M
$560.0M
$535.8M
$432.1M
Property, Plant and Equipment
$476.2M
$344.4M
$324.6M
$202.9M
Other Non-Current Assets
$1.7M
—
—
$1.2M
Deferred Tax Assets, Non-Current
$1.3M
$285.0K
$169.0K
$558.0K
Other Non-Current Assets
$20.5M
$15.2M
$8.8M
$8.9M
Intangible Assets
$13.0M
$4.4M
$3.5M
$2.7M
Goodwill
$30.1M
$23.6M
$23.6M
$23.6M
Long-Term Investments
$57.4M
$63.3M
$60.6M
$57.8M
Other Non-Operating Non-Current Assets
$6.7M
$5.5M
$5.8M
$4.5M
Total long-term assets
$606.8M
$456.6M
$427.0M
$302.2M
Total assets
$1.3B
$1.0B
$962.7M
$734.3M
Short-Term Debt
$427.0K
$1.1M
$7.0M
$504.0K
Accounts Payable
$127.2M
$98.8M
$82.8M
$90.2M
Total due to related parties
$67.9M
$60.8M
$69.3M
$60.6M
Dividends Payable
$6.7M
$7.1M
$4.3M
$3.6M
Other Current Liabilities
$149.4M
$98.0M
$72.5M
$49.6M
Total current liabilities
$351.7M
$265.8M
$235.9M
$209.8M
Deferred income taxes
$22.4M
$11.4M
$15.8M
$5.2M
Contract Liabilities
$2.0M
—
$14.0K
$11.0K
Long-Term Debt
$171.2M
$108.2M
$163.0M
$169.0M
Total long-term liabilities
$195.6M
$119.6M
$178.8M
$174.2M
Total liabilities
$547.3M
$385.5M
$414.7M
$384.0M
Total Stockholders' Equity
$5.0K
$5.0K
$5.0K
$5.0K
Treasury stock
($79.2M)
—
—
—
Legal Reserves
$1.5M
$1.5M
$1.5M
$1.5M
Additional Paid-In Capital
$153.4M
$192.1M
$192.4M
$219.3M
Retained Earnings
$670.6M
$538.8M
$400.0M
$234.3M
Accumulated Other Comprehensive Income
($33.1M)
($101.2M)
($45.9M)
($106.2M)
Shareholders’ equity attributable to controlling interest
$713.1M
$631.2M
$548.0M
$348.8M
Total liabilities and shareholders’ equity
$1.3B
$1.0B
$962.7M
$734.3M
Tecnoglass Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and Cash Equivalents
$80.8M
$91.1M
$124.0M
$137.9M
Short-Term Investments
$3.5M
$3.2M
$3.1M
$2.9M
Accounts Receivable
$287.5M
$264.4M
$242.7M
$227.6M
Other Non-Operating Current Assets
$2.1M
$1.9M
$4.1M
$3.3M
Inventory
$271.6M
$253.3M
$194.4M
$176.5M
Other Current Assets
$29.7M
$29.3M
$30.4M
$30.8M
Other Non-Operating Current Assets
$55.1M
$76.8M
$59.8M
$60.3M
Total current assets
$730.2M
$720.1M
$658.4M
$639.4M
Property, Plant and Equipment
$562.1M
$502.5M
$445.1M
$422.0M
Other Non-Current Assets
$1.9M
$1.8M
$1.7M
$1.6M
Deferred Tax Assets, Non-Current
$329.0K
$2.4M
$543.0K
$475.0K
Other Non-Current Assets
$28.4M
$25.0M
$15.1M
$12.4M
Intangible Assets
$13.8M
$13.5M
$13.2M
$12.8M
Goodwill
$30.1M
$30.1M
$30.1M
$30.2M
Long-Term Investments
$55.7M
$58.1M
$57.8M
$56.6M
Other Non-Operating Non-Current Assets
$7.4M
$7.1M
$6.2M
$5.8M
Total long-term assets
$699.7M
$640.4M
$569.6M
$541.8M
Total assets
$1.4B
$1.4B
$1.2B
$1.2B
Short-Term Debt
$6.2M
$5.9M
$707.0K
$587.0K
Accounts Payable
$178.9M
$150.5M
$125.4M
$138.6M
Total due to related parties
$27.1M
$82.3M
$63.0M
$45.9M
Dividends Payable
$6.7M
$6.7M
$7.0M
$7.1M
Other Current Liabilities
$173.8M
$161.0M
$136.5M
$128.3M
Total current liabilities
$392.7M
$406.4M
$332.6M
$320.5M
Deferred income taxes
$28.2M
$22.8M
$18.9M
$15.9M
Contract Liabilities
$1.0M
$1.6M
$1.4M
$140.0K
Long-Term Debt
$219.2M
$194.4M
$111.2M
$108.6M
Total long-term liabilities
$248.5M
$218.8M
$131.5M
$124.7M
Total liabilities
$641.1M
$625.2M
$464.1M
$445.2M
Total Stockholders' Equity
$5.0K
$5.0K
$5.0K
$5.0K
Treasury stock
($95.7M)
($95.7M)
—
—
Legal Reserves
$1.5M
$1.5M
$1.5M
$1.5M
Additional Paid-In Capital
$153.4M
$153.4M
$161.8M
$191.8M
Retained Earnings
$713.7M
$695.8M
$651.2M
$611.0M
Accumulated Other Comprehensive Income
$15.9M
($19.7M)
($50.4M)
($68.2M)
Shareholders’ equity attributable to controlling interest
$788.8M
$735.2M
—
—
Total liabilities and shareholders’ equity
$1.4B
$1.4B
$1.2B
$1.2B
Cash flow statement
Tecnoglass Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Profit or Loss
$159.6M
$161.3M
$183.5M
$156.4M
Provision for Doubtful Accounts (CF)
$2.6M
$857.0K
$2.8M
$643.0K
Provision for obsolete inventory
$116.0K
$98.0K
$67.0K
$19.0K
Depreciation Expense
$36.8M
$26.5M
$21.9M
$19.7M
Deferred income taxes
$7.6M
($1.9M)
$8.3M
$5.5M
Equity method income
($2.5M)
($5.4M)
($5.0M)
($6.7M)
Gain on disposal of assets
($4.1M)
—
—
—
Deferred cost of financing
$935.0K
$1.2M
$1.2M
$1.4M
Other non-cash adjustments
$338.0K
$34.0K
$120.0K
($36.0K)
Loss on debt extinguishment
$1.3M
—
—
—
Realized gain on derivative instruments
($2.1M)
—
—
—
Unrealized currency translation losses
($22.5M)
$12.0M
($25.9M)
$15.4M
Trade accounts receivable
($25.3M)
($44.4M)
($780.0K)
($54.2M)
Inventories
($45.1M)
($2.9M)
($522.0K)
($63.9M)
Prepaid expenses
($4.2M)
($4.0M)
($2.8M)
($2.4M)
Other assets
($5.9M)
($3.0M)
($27.5M)
($483.0K)
Change in Other Working Capital
($92.0K)
$94.0K
($62.0K)
($1.9M)
Trade accounts payable and accrued expenses
$8.1M
$14.7M
($17.4M)
$7.2M
Taxes payable
($3.8M)
($4.3M)
($12.9M)
$45.3M
Change in Accrued Liabilities
$1.9M
$1.1M
$1.1M
$927.0K
Contract assets and liabilities
$31.4M
$14.3M
$13.9M
$16.2M
Net Cash from Operating Activities
$683.0K
$1.0K
($1.0K)
($1.0K)
CASH PROVIDED BY OPERATING ACTIVITIES
$135.8M
$170.5M
$138.8M
$141.9M
Business acquisition
($6.8M)
—
—
—
Proceeds from Sale of PP&E
$12.3M
—
—
—
Net Cash from Investing Activities
$8.9M
$2.7M
$2.3M
—
Purchase of investments
($677.0K)
($429.0K)
($339.0K)
($1.3M)
Acquisition of property and equipment
($101.3M)
($79.6M)
($78.0M)
($71.3M)
CASH USED IN INVESTING ACTIVITIES
($87.6M)
($77.3M)
($76.0M)
($72.6M)
Cash dividend
($28.1M)
($19.7M)
($16.4M)
($12.9M)
Share Repurchases
($118.0M)
($291.0K)
($23.5M)
—
Deferred financing costs and debt issuance fees
($1.0M)
—
—
—
Proceeds from Debt Issuance
$176.0M
$2.5M
$196.0K
$49.0K
Repayments of debt
($114.4M)
($64.5M)
—
($32.0M)
CASH USED IN FINANCING ACTIVITIES
($85.5M)
($84.5M)
($42.8M)
($44.8M)
Effect of Exchange Rate on Cash
$3.3M
($3.3M)
$5.8M
($5.9M)
NET (DECREASE) INCREASE IN CASH
($34.0M)
$5.4M
$25.8M
$18.7M
CASH – Beginning of period
$134.9M
$129.5M
$103.7M
$85.0M
CASH – End of period
$100.9M
$134.9M
$129.5M
$103.7M
Interest Expense
$6.6M
$10.0M
$11.6M
$6.4M
Income Tax Expense
$76.1M
$86.6M
$107.2M
$27.2M
Net Cash from Operating Activities
$9.0M
$4.3M
($1.2M)
$2.9M
Account payable for business acquisition
$3.6M
—
—
—
Tecnoglass Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income attributable to parent
$56.4M
$31.9M
$133.5M
$86.3M
Provision for Doubtful Accounts (CF)
$1.3M
$1.1M
$1.7M
$987.0K
Depreciation Expense
$21.4M
$10.7M
$26.4M
$16.5M
Deferred income taxes
$5.0M
($551.0K)
$4.6M
$2.0M
Equity method income
$129.0K
($102.0K)
($2.8M)
($2.3M)
Gain on disposal of assets
$487.0K
$481.0K
($4.2M)
($4.3M)
Deferred cost of financing
$307.0K
$152.0K
$784.0K
$556.0K
Realized gain on derivative instruments
$1.2M
($531.0K)
($2.0M)
—
Unrealized currency translation gains
($16.0M)
($6.1M)
($18.3M)
($8.7M)
Other non-cash adjustments
$31.0K
($72.0K)
$410.0K
$391.0K
Trade accounts receivable
($32.3M)
($16.5M)
($33.0M)
($20.4M)
Inventories
($35.8M)
($34.3M)
($33.9M)
($24.0M)
Prepaid expenses
($2.7M)
($444.0K)
($3.0M)
($2.5M)
Other assets
$20.0M
($4.1M)
($2.8M)
($3.2M)
Trade accounts payable and accrued expenses
$31.3M
$13.5M
$15.2M
$21.8M
Taxes payable
($39.2M)
$16.9M
($7.8M)
($18.5M)
Change in Accrued Liabilities
($1.8M)
($2.2M)
$3.8M
$87.0K
Change in Other Working Capital
$178.0K
$126.0K
$65.0K
$15.0K
Contract assets and liabilities
$3.7M
($1.7M)
$26.8M
$21.4M
Net Cash from Operating Activities
($2.5M)
($1.5M)
($2.0M)
($1.3M)
CASH PROVIDED BY OPERATING ACTIVITIES
$11.1M
$6.7M
$104.7M
$64.8M
Net Cash from Investing Activities
$2.3M
—
$8.9M
$8.9M
Purchase of investments
($600.0K)
($600.0K)
($675.0K)
($73.0K)
Acquisition of property and equipment
($52.7M)
($17.3M)
($81.7M)
($62.9M)
CASH USED IN INVESTING ACTIVITIES
($51.0M)
($17.9M)
($68.0M)
($48.6M)
Cash dividend
($13.4M)
($6.7M)
($21.1M)
($14.1M)
Share repurchases
($16.5M)
($16.5M)
($30.3M)
($339.0K)
Proceeds from Debt Issuance
$63.8M
$39.4M
$116.0M
$3.6M
Repayments of debt
($15.7M)
($15.3M)
($114.1M)
($4.1M)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
$18.2M
$851.0K
($50.6M)
($14.9M)
Effect of Exchange Rate on Cash
$1.6M
$513.0K
$2.9M
$1.8M
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS