NASDAQ : TAOP
Taoping Inc. — Financial statements
Technology · Software - Infrastructure · China
Last price 0.347 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.33M
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Financial statements
Taoping Inc. (TAOP) reported revenue of 25.09M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 24.94M | 30.57M | 36.37M | 38.04M | 22.48M | 18.48M |
| Other Revenue | 157.37K | 247.06K | 306.79K | 596.02K | 1.75M | 913.74K |
| Revenue | 25.09M | 30.82M | 36.67M | 38.64M | 24.23M | 19.39M |
| Cost of Revenue | 21.98M | 27.45M | 28.90M | 29.78M | 17.00M | 12.72M |
| Gross Profit | 3.11M | 3.37M | 7.77M | 8.85M | 7.23M | 6.67M |
| Selling, General & Admin | 8.65M | 10.89M | 6.95M | 6.08M | 6.79M | 12.33M |
| Research & Development | 1.74M | 1.71M | 2.42M | 2.97M | 3.61M | 4.48M |
| Operating Expenses | 10.39M | 12.60M | 9.38M | 9.05M | 10.40M | 16.81M |
| Operating Income | -7.28M | -9.23M | -1.61M | -197.70K | -3.17M | -10.14M |
| Interest Expense | -744.85K | -978.90K | -460.54K | -580.63K | -556.43K | -928.35K |
| Interest & Investment Income | 518.00 | 1.36K | 2.24K | 2.10K | 7.96K | 4.63K |
| Earnings From Equity Investments | -69.62K | -8.03K | -261.40K | -814.44K | ||
| Other Non Operating Income (Expenses) | 319.53K | 260.96K | 398.08K | 576.27K | 356.21K | 121.75K |
| EBT Excluding Unusual Items | -7.77M | -9.95M | -1.67M | -207.99K | -3.62M | -11.76M |
| Gain (Loss) on Sale of Assets | -68.38K | -68.38K | -136.46K | -16.18K | 3.11M | |
| Pretax Income | -7.84M | -10.02M | -1.81M | -224.17K | -512.50K | -11.76M |
| Income Tax Expense | 36.97K | 43.09K | 14.14K | 7.98K | 69.87K | 5.32K |
| Earnings From Continuing Operations | -7.88M | -10.06M | -1.82M | -232.15K | -582.37K | -11.76M |
| Earnings From Discontinued Operations | -465.79K | -6.50M | 1.84M | |||
| Net Income to Company | -7.88M | -10.06M | -1.82M | -697.94K | -7.08M | -9.92M |
| Net Income | -7.88M | -10.06M | -1.82M | -697.94K | -7.08M | -9.92M |
| Net Income to Common | -7.88M | -10.06M | -1.82M | -697.94K | -7.08M | -9.92M |
| Shares Outstanding (Basic) | 9.60M | 1.28M | 239.34K | 90.32K | 52.85K | 44.12K |
| Shares Outstanding (Diluted) | 9.60M | 1.28M | 239.34K | 90.32K | 52.85K | 44.12K |
| EPS (Basic) | -0.82 | -7.88 | -7.60 | -7.73 | -133.99 | -224.96 |
| EPS (Diluted) | -0.82 | -7.88 | -7.60 | -7.73 | -134.07 | -225.05 |
| Free Cash Flow | -3.54M | -3.90M | -3.44M | -3.54M | -9.31M | -27.44M |
| Free Cash Flow Per Share | -0.37 | -3.05 | -14.37 | -39.15 | -176.06 | -622.05 |
| Gross Margin | 12.40% | 10.93% | 21.19% | 22.91% | 29.84% | 34.41% |
| Operating Margin | -29.00% | -29.96% | -4.39% | -0.51% | -13.06% | -52.30% |
| Profit Margin | -31.39% | -32.65% | -4.96% | -1.81% | -29.22% | -51.18% |
| Free Cash Flow Margin | -14.10% | -12.66% | -9.38% | -9.15% | -38.40% | -141.53% |
| EBITDA | -5.67M | -7.56M | 508.75K | 2.80M | 370.16K | -7.94M |
| EBITDA Margin | -22.60% | -24.52% | 1.39% | 7.24% | 1.53% | -40.93% |
| D&A For EBITDA | 1.61M | 1.68M | 2.12M | 2.99M | 3.54M | 2.20M |
| EBIT | -7.28M | -9.23M | -1.61M | -197.70K | -3.17M | -10.14M |
| EBIT Margin | -29.00% | -29.96% | -4.39% | -0.51% | -13.06% | -52.30% |
| Revenue as Reported | 25.09M | 30.82M | 36.67M | 38.64M | 24.23M | 19.39M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 964.37K | 2.13M | 1.58M | 1.30M | 1.01M | 4.53M |
| Cash & Short-Term Investments | 964.37K | 2.13M | 1.58M | 1.30M | 1.01M | 4.53M |
| Accounts Receivable | 9.53M | 10.03M | 7.92M | 8.69M | 9.29M | 7.11M |
| Receivables | 9.53M | 10.03M | 7.92M | 8.69M | 9.29M | 7.11M |
| Inventory | 891.61K | 790.21K | 6.32M | 1.25M | 356.36K | 526.66K |
| Prepaid Expenses | 71.72K | 71.72K | 103.24K | 349.56K | 67.13K | |
| Restricted Cash | 11.54K | |||||
| Other Current Assets | 15.83M | 13.39M | 13.57M | 13.66M | 8.73M | 19.35M |
| Total Current Assets | 27.30M | 26.41M | 29.49M | 25.25M | 19.40M | 31.58M |
| Property, Plant & Equipment | 5.28M | 5.76M | 5.55M | 6.68M | 7.88M | 12.12M |
| Long-Term Investments | 86.27K | 86.89K | 95.97K | 510.04K | ||
| Goodwill | 7.28M | 7.28M | 58.92K | |||
| Other Long-Term Assets | 811.03K | 1.78M | 2.95M | |||
| Total Assets | 39.85M | 39.45M | 35.13M | 32.83M | 29.21M | 47.16M |
| Accounts Payable | 2.26M | 3.07M | 993.10K | 832.44K | 2.29M | 8.38M |
| Accrued Expenses | 3.81M | 4.14M | 3.90M | 5.15M | 4.89M | 4.00M |
| Short-Term Debt | 7.54M | 5.49M | 3.51M | 12.03M | 10.54M | 7.79M |
| Current Portion of Long-Term Debt | 328.36K | 319.03K | 305.77K | |||
| Current Portion of Leases | 54.05K | 42.66K | 29.37K | 67.19K | ||
| Current Income Taxes Payable | 3.98K | 3.20K | 55.26K | 60.05K | 379.93K | |
| Current Unearned Revenue | 2.26M | 591.12K | 3.47M | 1.29M | 717.41K | 579.22K |
| Other Current Liabilities | 456.19K | 451.94K | 1.28M | 701.86K | 1.05M | 6.52M |
| Total Current Liabilities | 16.71M | 14.11M | 13.46M | 20.06M | 19.57M | 27.73M |
| Long-Term Debt | 5.74M | 5.73M | 5.80M | |||
| Long-Term Leases | 32.81K | 62.70K | 20.37K | 176.60K | ||
| Total Liabilities | 22.48M | 19.91M | 19.26M | 20.06M | 19.59M | 27.90M |
| Common Stock | 194.56M | 194.56M | 170.76M | 165.12M | 161.40M | 161.10M |
| Additional Paid-In Capital | 11.57M | 11.57M | 22.45M | 22.60M | 22.45M | 22.45M |
| Retained Earnings | -223.13M | -220.63M | -210.57M | -198.54M | -197.85M | -188.09M |
| Comprehensive Income & Other | 34.37M | 34.05M | 33.24M | 23.59M | 23.61M | 23.80M |
| Total Common Equity | 17.37M | 19.54M | 15.87M | 12.76M | 9.62M | 19.25M |
| Minority Interest | -1.76K | |||||
| Shareholders' Equity | 17.37M | 19.54M | 15.87M | 12.76M | 9.62M | 19.25M |
| Total Liabilities & Equity | 39.85M | 39.45M | 35.13M | 32.83M | 29.21M | 47.16M |
| Total Debt | 13.69M | 11.65M | 9.61M | 12.03M | 10.59M | 8.04M |
| Net Cash (Debt) | -12.73M | -9.52M | -8.04M | -10.73M | -9.58M | -3.51M |
| Net Cash Per Share | -1.33 | -7.45 | -33.58 | -118.84 | -181.22 | -79.57 |
| Filing Date Shares Outstanding | 9.60M | 9.60M | 446.14K | 96.39K | 52.00K | 51.71K |
| Total Common Shares Outstanding | 9.60M | 9.60M | 446.14K | 96.39K | 52.00K | 51.71K |
| Working Capital | 10.58M | 12.30M | 16.03M | 5.19M | -176.06K | 3.85M |
| Book Value Per Share | 1.81 | 2.03 | 35.57 | 132.41 | 184.93 | 372.30 |
| Tangible Book Value | 10.09M | 12.26M | 15.87M | 12.76M | 9.56M | 19.25M |
| Tangible Book Value Per Share | 1.05 | 1.28 | 35.57 | 132.41 | 183.79 | 372.30 |
| Buildings | 4.11M | 4.00M | 3.83M | 3.94M | 4.05M | 4.40M |
| Machinery | 5.12M | 4.88M | 3.87M | 3.80M | 3.33M | 4.56M |
| Leasehold Improvements | 39.74K | 404.85K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.88M | -10.06M | -1.82M | -697.94K | -7.08M | -9.92M |
| Depreciation & Amortization | 1.61M | 1.68M | 2.12M | 2.99M | 3.54M | 2.20M |
| Other Amortization | 73.76K | 144.55K | 3.35K | 68.24K | ||
| Loss (Gain) From Sale of Assets | -1.53K | 68.38K | 186.42K | 112.31K | -105.24K | -655.91K |
| Asset Writedown & Restructuring Costs | 1.47M | |||||
| Loss (Gain) From Sale of Investments | 48.86K | -4.90K | 19.04K | 8.03K | 261.40K | 814.44K |
| Stock-Based Compensation | 1.35M | 1.35M | 956.40K | 1.56M | 23.10K | 3.14M |
| Provision & Write-off of Bad Debts | 2.70M | 5.61M | 4.07M | 1.41M | 645.49K | 5.54M |
| Other Operating Activities | 877.70K | 1.31M | -106.77K | 540.82K | 2.43M | 383.00 |
| Change in Accounts Receivable | 807.79K | -2.65M | -2.10M | -591.03K | -3.73M | -392.49K |
| Change in Inventory | -2.52M | 7.19M | -7.71M | -8.05M | 757.95K | -6.55M |
| Change in Accounts Payable | -1.09M | -762.00K | -110.33K | -1.36M | -5.99M | -5.88M |
| Change in Unearned Revenue | 921.67K | -3.76M | 2.25M | 593.94K | 218.63K | 25.60K |
| Change in Income Taxes | -31.59K | -27.04K | 3.25K | -3.19K | -297.89K | 374.35K |
| Change in Other Net Operating Assets | -287.39K | -2.65M | -135.05K | 1.09M | -3.35M | -6.34M |
| Operating Cash Flow | -3.43M | -2.55M | -2.38M | -2.33M | -7.51M | -16.15M |
| Capital Expenditures | -111.39K | -1.35M | -1.05M | -1.21M | -1.79M | -11.29M |
| Sale of Property, Plant & Equipment | 1.08M | |||||
| Cash Acquisitions | 24.83K | 24.83K | 589.00 | 3.90K | -7.25M | |
| Investment in Securities | -27.78K | -22.26K | -22.25K | |||
| Other Investing Activities | 5.02M | 4.54M | ||||
| Investing Cash Flow | -114.34K | -1.35M | -1.08M | -1.21M | 4.31M | -14.00M |
| Short-Term Debt Issued | 2.37M | 1.81M | 8.77M | 7.44M | 15.04M | |
| Long-Term Debt Issued | 1.20M | 6.26M | 550.00K | |||
| Total Debt Issued | 6.05M | 3.57M | 8.07M | 9.32M | 7.44M | 15.04M |
| Short-Term Debt Repaid | -1.81M | -8.43M | -7.23M | -7.42M | -10.33M | |
| Long-Term Debt Repaid | -310.54K | -58.83K | ||||
| Total Debt Repaid | -4.41M | -2.12M | -8.49M | -7.23M | -7.42M | -10.33M |
| Net Debt Issued (Repaid) | 1.64M | 1.45M | -420.41K | 2.09M | 22.72K | 4.70M |
| Issuance of Common Stock | 626.82K | 2.97M | 4.17M | 1.75M | 28.32M | |
| Financing Cash Flow | 2.27M | 4.42M | 3.75M | 3.84M | 22.72K | 33.03M |
| Foreign Exchange Rate Adjustments | 79.39K | 35.85K | -12.77K | -26.69K | -329.60K | 555.96K |
| Net Cash Flow | -1.20M | 555.23K | 275.78K | 277.62K | -3.51M | 3.43M |
| Free Cash Flow | -3.54M | -3.90M | -3.44M | -3.54M | -9.31M | -27.44M |
| Free Cash Flow Margin | -14.10% | -12.66% | -9.38% | -9.15% | -38.40% | -141.53% |
| Free Cash Flow Per Share | -0.37 | -3.05 | -14.37 | -39.15 | -176.06 | -622.05 |
| Levered Free Cash Flow | -3.19M | -2.31M | -1.61M | -3.61M | -2.76M | -30.78M |
| Unlevered Free Cash Flow | -2.80M | -1.85M | -1.33M | -3.32M | -2.41M | -30.20M |
| Cash Interest Paid | 459.40K | 419.56K | 404.71K | 512.39K | 553.88K | 454.26K |
| Cash Income Tax Paid | 58.46K | 34.49K | 10.90K | 8.18K | 69.87K | |
| Change in Working Capital | -2.21M | -2.66M | -7.81M | -8.33M | -12.38M | -18.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.13M | 12.93M | 2.80M | 2.86M | 10.14M | 29.22M |
| Enterprise Value | 15.86M | 21.17M | 12.20M | 12.79M | 17.53M | 47.64M |
| Last Close Price | 0.33 | 1.40 | 12.67 | 43.50 | 195.15 | 567.00 |
| Forward PE | 16.83 | 16.83 | 16.83 | 16.83 | ||
| PS Ratio | 0.12 | 0.42 | 0.08 | 0.07 | 0.42 | 1.51 |
| PB Ratio | 0.18 | 0.66 | 0.18 | 0.22 | 1.05 | 1.52 |
| P/TBV Ratio | 0.31 | 1.05 | 0.18 | 0.22 | 1.06 | 1.52 |
| EV/Sales Ratio | 0.63 | 0.69 | 0.33 | 0.33 | 0.72 | 2.46 |
| EV/EBITDA Ratio | 23.98 | 4.57 | 47.36 | |||
| Debt / Equity Ratio | 0.79 | 0.60 | 0.61 | 0.94 | 1.10 | 0.42 |
| Debt / EBITDA Ratio | 18.90 | 4.30 | 25.70 | |||
| Net Debt / Equity Ratio | 0.73 | 0.49 | 0.51 | 0.84 | 1.00 | 0.18 |
| Net Debt / EBITDA Ratio | -2.24 | -1.26 | 15.80 | 3.84 | 25.88 | -0.44 |
| Net Debt / FCF Ratio | -3.60 | -2.44 | -2.34 | -3.04 | -1.03 | -0.13 |
| Asset Turnover | 0.71 | 0.83 | 1.08 | 1.25 | 0.64 | 0.50 |
| Inventory Turnover | 13.72 | 7.72 | 7.64 | 37.07 | 38.51 | 32.56 |
| Quick Ratio | 0.63 | 0.86 | 0.71 | 0.50 | 0.53 | 0.42 |
| Current Ratio | 1.63 | 1.87 | 2.19 | 1.26 | 0.99 | 1.14 |
| Return on Equity (ROE) | -49.47% | -56.83% | -12.71% | -2.08% | -4.04% | -116.31% |
| Return on Assets (ROA) | -12.96% | -15.48% | -2.96% | -0.40% | -5.18% | -16.27% |
| Return on Capital Employed (ROCE) | -31.40% | -36.40% | -7.40% | -1.50% | -32.80% | -52.20% |
| Earnings Yield | -251.79% | -77.79% | -65.02% | -24.41% | -69.83% | -33.97% |
| FCF Yield | -113.06% | -30.16% | -122.87% | -123.66% | -91.75% | -93.93% |
| Buyback Yield / Dilution | -1,785.35% | -433.69% | -164.99% | -70.89% | -19.79% | -79.50% |