NASDAQ : TANH
Tantech Holdings Ltd — Financial statements
Consumer Staples · Household & Personal Products · China
Last price 12.635 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.66M
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Financial statements
Tantech Holdings Ltd (TANH) reported revenue of 38.36M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 38.36M | 38.36M | 42.94M | 44.63M | 52.97M | 55.26M |
| Cost of Revenue | 31.22M | 31.22M | 34.00M | 34.91M | 42.86M | 44.83M |
| Gross Profit | 7.14M | 7.14M | 8.94M | 9.72M | 10.11M | 10.43M |
| Selling, General & Admin | 19.27M | 19.27M | 4.92M | 6.03M | 4.15M | 9.05M |
| Research & Development | 78.57K | 78.57K | 38.80K | 23.94K | 23.15K | 8.05M |
| Operating Expenses | 19.35M | 19.35M | 4.96M | 6.06M | 4.18M | 18.95M |
| Operating Income | -12.20M | -12.20M | 3.98M | 3.66M | 5.93M | -8.51M |
| Interest Expense | -279.56K | -279.56K | -290.37K | -301.47K | -476.17K | -740.40K |
| Interest & Investment Income | 700.66K | 700.66K | 1.89M | 2.23M | 1.61M | 117.73K |
| Other Non Operating Income (Expenses) | -2.01M | -2.01M | -3.73M | 289.16K | 114.21K | 328.13K |
| EBT Excluding Unusual Items | -13.79M | -13.79M | 1.84M | 5.88M | 7.18M | -8.81M |
| Gain (Loss) on Sale of Investments | -23.14M | -23.14M | ||||
| Gain (Loss) on Sale of Assets | 3.58M | 3.58M | -1.01M | 3.56M | 545.87K | |
| Other Unusual Items | -150.00K | -150.00K | -205.79K | -165.70K | ||
| Pretax Income | -33.50M | -33.50M | 624.30K | 9.27M | 7.18M | -8.26M |
| Income Tax Expense | -2.52M | -2.52M | 3.11M | 2.36M | 3.14M | 2.43M |
| Earnings From Continuing Operations | -30.98M | -30.98M | -2.49M | 6.90M | 4.04M | -10.69M |
| Earnings From Discontinued Operations | -61.43K | -61.43K | -1.08M | -1.88M | -1.45M | |
| Net Income to Company | -31.04M | -31.04M | -3.57M | 5.02M | 2.59M | -10.69M |
| Minority Interest in Earnings | 18.42K | 18.42K | 323.51K | 565.30K | 434.87K | 2.33M |
| Net Income | -31.02M | -31.02M | -3.24M | 5.58M | 3.02M | -8.36M |
| Preferred Dividends & Other Adjustments | 401.00K | 401.00K | ||||
| Net Income to Common | -31.42M | -31.42M | -3.24M | 5.58M | 3.02M | -8.36M |
| Shares Outstanding (Basic) | 46.08K | 46.08K | ||||
| Shares Outstanding (Diluted) | 46.08K | 46.08K | ||||
| EPS (Basic) | -682.02 | -682.02 | ||||
| EPS (Diluted) | -682.02 | -682.02 | ||||
| Free Cash Flow | -5.82M | -5.82M | 5.28M | 5.26M | 8.29M | -8.31M |
| Free Cash Flow Per Share | -126.23 | -126.23 | ||||
| Gross Margin | 18.62% | 18.62% | 20.83% | 21.77% | 19.09% | 18.88% |
| Operating Margin | -31.82% | -31.82% | 9.28% | 8.20% | 11.20% | -15.41% |
| Profit Margin | -81.92% | -81.92% | -7.55% | 12.51% | 5.70% | -15.12% |
| Free Cash Flow Margin | -15.16% | -15.16% | 12.30% | 11.79% | 15.65% | -15.04% |
| EBITDA | -12.17M | -12.17M | 4.01M | 3.87M | 6.93M | -7.60M |
| EBITDA Margin | -31.71% | -31.71% | 9.34% | 8.67% | 13.08% | -13.75% |
| D&A For EBITDA | 39.64K | 39.64K | 27.59K | 209.93K | 995.35K | 916.60K |
| EBIT | -12.20M | -12.20M | 3.98M | 3.66M | 5.93M | -8.51M |
| EBIT Margin | -31.82% | -31.82% | 9.28% | 8.20% | 11.20% | -15.41% |
| Effective Tax Rate | 498.33% | 25.52% | 43.76% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.02M | 33.02M | 35.19M | 29.06M | 18.98M | 43.14M |
| Cash & Short-Term Investments | 33.02M | 33.02M | 35.19M | 29.06M | 18.98M | 43.14M |
| Accounts Receivable | 27.80M | 27.80M | 75.71M | 84.34M | 84.04M | 44.96M |
| Other Receivables | 10.11M | 10.11M | 160.23K | 10.35M | ||
| Receivables | 40.18M | 40.18M | 77.25M | 84.34M | 84.04M | 55.32M |
| Inventory | 152.35K | 152.35K | 191.25K | 236.36K | 898.69K | 1.07M |
| Prepaid Expenses | 489.30K | 489.30K | 468.46K | 181.29K | 1.05M | 824.24K |
| Restricted Cash | 44.77K | 44.77K | 4.83K | 422.83K | ||
| Other Current Assets | 109.96K | 109.96K | 4.70M | 1.85M | 1.78M | 5.03M |
| Total Current Assets | 73.99M | 73.99M | 117.80M | 115.67M | 106.76M | 105.81M |
| Property, Plant & Equipment | 984.98K | 984.98K | 1.18M | 1.26M | 3.07M | 2.42M |
| Long-Term Investments | 22.79M | 23.43M | 24.12M | 26.10M | ||
| Other Intangible Assets | 170.78K | 170.78K | 184.55K | 211.09K | 184.82K | 205.97K |
| Long-Term Deferred Tax Assets | 4.64M | 4.64M | ||||
| Other Long-Term Assets | 44.19M | 44.19M | 995.01K | 1.12M | ||
| Total Assets | 123.97M | 123.97M | 142.95M | 141.69M | 134.13M | 134.53M |
| Accounts Payable | 477.79K | 477.79K | 358.00 | 851.40K | 2.12M | 1.56M |
| Accrued Expenses | 722.23K | 722.23K | 538.12K | 4.48M | 3.76M | 2.36M |
| Short-Term Debt | 198.00K | 4.72M | 4.49M | 12.53M | ||
| Current Portion of Long-Term Debt | 3.77M | 3.77M | 3.25M | 3.52M | ||
| Current Portion of Leases | 135.72K | 135.72K | 139.22K | 163.34K | 161.48K | 115.33K |
| Current Income Taxes Payable | 1.51M | 1.51M | 1.43M | 1.03M | 987.17K | 578.45K |
| Current Unearned Revenue | 822.11K | 822.11K | 1.18M | 102.93K | 1.83M | 3.58M |
| Other Current Liabilities | 3.79M | 3.79M | 5.02M | 2.74M | 189.77K | 1.04M |
| Total Current Liabilities | 11.23M | 11.23M | 11.76M | 17.61M | 13.54M | 21.77M |
| Long-Term Debt | 3.40M | |||||
| Long-Term Leases | 745.12K | 745.12K | 919.78K | 1.07M | 1.26M | 223.29K |
| Other Long-Term Liabilities | 1.65M | 1.65M | 2.00M | |||
| Total Liabilities | 13.63M | 13.63M | 14.68M | 18.68M | 18.20M | 21.99M |
| Common Stock | 63.99K | |||||
| Additional Paid-In Capital | 103.47M | 103.47M | 94.77M | 86.02M | 79.75M | 69.57M |
| Retained Earnings | 17.50M | 17.50M | 48.92M | 52.16M | 46.58M | 43.56M |
| Comprehensive Income & Other | -10.62M | -10.62M | -12.38M | -12.46M | -8.24M | 1.07M |
| Total Common Equity | 110.35M | 110.35M | 131.31M | 125.72M | 118.08M | 114.26M |
| Minority Interest | -3.03M | -2.71M | -2.15M | -1.72M | ||
| Shareholders' Equity | 110.35M | 110.35M | 128.28M | 123.01M | 115.94M | 112.54M |
| Total Liabilities & Equity | 123.97M | 123.97M | 142.95M | 141.69M | 134.13M | 134.53M |
| Total Debt | 4.65M | 4.65M | 4.51M | 9.48M | 9.31M | 12.87M |
| Net Cash (Debt) | 28.37M | 28.37M | 30.68M | 19.58M | 9.67M | 30.28M |
| Net Cash Per Share | 615.71 | 615.71 | ||||
| Filing Date Shares Outstanding | 286.69K | 286.69K | 27.17K | 3.92K | 1.11K | 610.00 |
| Total Common Shares Outstanding | 125.42K | 125.42K | 22.65K | 1.90K | 609.00 | 133.00 |
| Working Capital | 62.76M | 62.76M | 106.05M | 98.06M | 93.22M | 84.04M |
| Book Value Per Share | 879.86 | 879.86 | 5,796.48 | 66,202.20 | 193,898.78 | 859,107.80 |
| Tangible Book Value | 110.18M | 110.18M | 131.12M | 125.51M | 117.90M | 114.06M |
| Tangible Book Value Per Share | 878.50 | 878.50 | 5,788.34 | 66,091.05 | 193,595.30 | 857,559.15 |
| Buildings | 4.83M | 5.23M | ||||
| Machinery | 338.81K | 338.81K | 351.99K | 254.45K | 1.75M | 2.10M |
| Construction In Progress | 377.30K | 343.40K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -31.02M | -31.02M | -3.24M | 5.58M | 3.02M | -8.36M |
| Depreciation & Amortization | 169.40K | 169.40K | 126.98K | 354.50K | 1.34M | 961.57K |
| Other Amortization | 99.50K | 99.50K | ||||
| Loss (Gain) From Sale of Assets | -5.91M | -5.91M | 1.01M | -3.56M | -545.84K | |
| Loss (Gain) From Sale of Investments | 23.14M | 23.14M | ||||
| Stock-Based Compensation | 1.84M | |||||
| Provision & Write-off of Bad Debts | 17.33M | 17.33M | 1.45M | 730.96K | -52.79K | |
| Other Operating Activities | -11.38K | -11.38K | 5.64M | 1.49M | 1.03M | 4.24M |
| Change in Accounts Receivable | -13.06M | -13.06M | 4.85M | -3.55M | 709.74K | -9.57M |
| Change in Inventory | 3.71M | 3.71M | -3.75M | 87.36K | 2.36M | 4.51M |
| Change in Accounts Payable | 477.44K | 477.44K | -817.72K | 1.30M | 667.29K | -16.27K |
| Change in Unearned Revenue | -399.18K | -399.18K | 102.42K | 146.53K | -1.90M | 318.88K |
| Change in Income Taxes | -58.78K | -58.78K | 1.14M | 24.43K | 485.37K | -295.67K |
| Change in Other Net Operating Assets | -290.54K | -290.54K | -1.18M | 403.87K | 606.05K | -1.11M |
| Operating Cash Flow | -5.82M | -5.82M | 5.36M | 5.26M | 8.29M | -8.09M |
| Capital Expenditures | -80.53K | -431.00 | -1.57K | -220.31K | ||
| Sale of Property, Plant & Equipment | 677.00 | 677.00 | 1.65K | 748.61K | ||
| Divestitures | 79.02K | 79.02K | -889.00 | |||
| Sale (Purchase) of Intangibles | -213.17K | -2.69K | -4.22K | |||
| Other Investing Activities | -182.56K | -41.91K | ||||
| Investing Cash Flow | -1.08M | -1.08M | -3.30M | -2.58M | -45.00M | 524.08K |
| Short-Term Debt Issued | 3.65M | 3.65M | 2.22M | 2.22M | 13.80M | 14.69M |
| Total Debt Issued | 3.65M | 3.65M | 2.22M | 2.22M | 13.80M | 14.69M |
| Short-Term Debt Repaid | -151.76K | -151.76K | -3.68M | -640.98K | -7.77M | -21.25M |
| Total Debt Repaid | -151.76K | -151.76K | -3.68M | -640.98K | -7.77M | -21.25M |
| Net Debt Issued (Repaid) | 3.50M | 3.50M | -1.46M | 1.58M | 6.03M | -6.56M |
| Issuance of Common Stock | 443.32K | 443.32K | 4.92M | 5.83M | 10.12M | 19.36M |
| Repurchase of Common Stock | -512.00 | -512.00 | -4.57K | |||
| Other Financing Activities | -520.69K | -520.69K | 8.00K | 11.70K | -849.96K | |
| Financing Cash Flow | 3.42M | 3.42M | 3.47M | 7.43M | 15.29M | 12.81M |
| Foreign Exchange Rate Adjustments | 1.32M | 1.32M | 553.86K | 29.36K | -3.17M | 988.50K |
| Net Cash Flow | -2.15M | -2.15M | 6.09M | 10.14M | -24.59M | 6.23M |
| Free Cash Flow | -5.82M | -5.82M | 5.28M | 5.26M | 8.29M | -8.31M |
| Free Cash Flow Margin | -15.16% | -15.16% | 12.30% | 11.79% | 15.65% | -15.04% |
| Free Cash Flow Per Share | -126.23 | -126.23 | ||||
| Levered Free Cash Flow | 33.26M | 33.26M | 5.32M | 3.72M | -20.61M | -20.09M |
| Unlevered Free Cash Flow | 33.43M | 33.43M | 5.50M | 3.91M | -20.31M | -19.62M |
| Cash Interest Paid | 254.78K | 92.18K | 474.58K | 265.25K | ||
| Cash Income Tax Paid | 1.98M | 1.98M | 1.84M | 2.29M | 2.59M | 2.28M |
| Change in Working Capital | -9.62M | -9.62M | 357.98K | -1.58M | 2.93M | -6.17M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.54M | 6.14M | 1.76M | 4.11M | 2.62M | 29.35M |
| Enterprise Value | -24.83M | -10.96M | -20.54M | -11.36M | 291.61K | -4.57M |
| Last Close Price | 12.28 | 50.00 | 422.00 | 2,380.00 | 4,300.00 | 220,659.53 |
| PE Ratio | 0.74 | 0.87 | ||||
| PS Ratio | 0.09 | 0.16 | 0.04 | 0.09 | 0.05 | 0.53 |
| PB Ratio | 0.01 | 0.06 | 0.01 | 0.03 | 0.02 | 0.26 |
| P/TBV Ratio | 0.03 | 0.06 | 0.01 | 0.03 | 0.02 | 0.26 |
| P/FCF Ratio | 0.33 | 0.78 | 0.32 | |||
| P/OCF Ratio | 0.33 | 0.78 | 0.32 | |||
| EV/Sales Ratio | 0.01 | |||||
| EV/EBITDA Ratio | 0.04 | |||||
| EV/EBIT Ratio | 0.05 | |||||
| EV/FCF Ratio | 0.04 | |||||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.04 | 0.08 | 0.08 | 0.11 |
| Debt / EBITDA Ratio | 1.09 | 2.30 | 1.29 | |||
| Debt / FCF Ratio | 0.85 | 1.80 | 1.12 | |||
| Net Debt / Equity Ratio | -0.26 | -0.26 | -0.24 | -0.16 | -0.08 | -0.27 |
| Net Debt / EBITDA Ratio | 2.33 | 2.33 | -7.65 | -5.06 | -1.40 | 3.98 |
| Net Debt / FCF Ratio | 4.88 | 4.88 | -5.81 | -3.72 | -1.17 | 3.64 |
| Asset Turnover | 0.29 | 0.29 | 0.30 | 0.32 | 0.39 | 0.44 |
| Inventory Turnover | 181.71 | 181.71 | 159.01 | 61.52 | 43.55 | 51.50 |
| Quick Ratio | 6.32 | 6.32 | 9.45 | 6.44 | 7.61 | 4.52 |
| Current Ratio | 6.59 | 6.59 | 10.02 | 6.57 | 7.88 | 4.86 |
| Return on Equity (ROE) | -25.96% | -25.96% | -1.98% | 5.78% | 3.54% | -10.09% |
| Return on Assets (ROA) | -5.71% | -5.71% | 1.75% | 1.66% | 2.76% | -4.24% |
| Return on Invested Capital (ROIC) | -14.89% | -13.59% | -15.79% | 2.60% | 3.54% | -11.11% |
| Return on Capital Employed (ROCE) | -10.80% | -10.80% | 3.00% | 2.90% | 4.90% | -7.60% |
| Earnings Yield | -5,583.49% | -505.38% | -184.18% | 135.75% | 115.37% | -28.48% |
| FCF Yield | -163.90% | -94.75% | 300.11% | 127.90% | 316.62% | -28.32% |