Is Trio Petroleum going out of business?

Trio Petroleum Corp (TPET) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Trio Petroleum Corp (TPET) scores 12 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 220.47% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Fragile

39+ mo of estimated runway from 2026-04-30, based on $21.0M of cash and short-term investments against $5.4M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-17573.7% operating margin and -18010.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Extreme expectations

The available current-price evidence supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 220.47% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• ROE quality: -21.08%
• Filing event risk: Going-Concern Warning (-8 pts)
• Net Debt / FCF: 0.0y
• Capex intensity: 26.53%
• Return on Assets: -20.38%
• Asset Efficiency: 0.00x
• Asset Growth Velocity: 159.42% YoY (Aggressive buildout)
• Revenue growth YoY: 794.92% (Industrial YoY) - Early-Stage Surge (low base)
• Revenue per Asset Efficiency: -32.42% QoQ
• Cash Burn Deceleration: -120.10% QoQ improvement (Worsening)
• Working Capital Efficiency: 388.45x (Well-funded)

Read from filings through 2026-08-18.

Price as of 2026-09-12.