Thermal Energy International posts record FY26 revenue and profit
Thermal Energy International Inc. reported FY26 revenue up 12.7% to $33.6M and net income of $1.3M. Adjusted EBITDA rose to $1.9M. Q4 revenue grew 3.9% to $7.1M with net income of $221K. Backlog rose to $18.9M as of Sep 21 after $7.1M in post-year orders.