Senmiao Technology Ltd Financials
This page shows Senmiao Technology Ltd (AIHS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Shrinking revenue is being offset by lower overhead and near-zero reinvestment, not by a self-funding operating model.
FY2025 produced positive free cash flow of$499K despite a$3.7M net loss because operating cash flow stayed positive at$500K and capex fell from$672K in FY2024 to$2K . That means the cash improvement came mainly from running the business with less reinvestment while sales fell from$4.3M to$3.4M , not from the core operation reaching profitability.
The balance sheet has crossed from thinly capitalized to negative equity: FY2024 still showed
Losses were contained mainly through cost compression, not through scale benefits. Revenue fell from
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Senmiao Technology Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Senmiao Technology Ltd scores -14.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($21.0M) relative to total liabilities ($11.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Senmiao Technology Ltd passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Senmiao Technology Ltd generates $0.30 in operating cash flow (-$1.6M OCF vs -$5.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Senmiao Technology Ltd generated $1.5M in revenue in fiscal year 2026. This represents a decrease of 53.7% from the prior year.
Senmiao Technology Ltd's EBITDA was -$2.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 86.1% from the prior year.
Senmiao Technology Ltd reported -$5.3M in net income in fiscal year 2026. This represents a decrease of 41.5% from the prior year.
Senmiao Technology Ltd earned $-1.97 per diluted share (EPS) in fiscal year 2026.
Cash & Balance Sheet
Senmiao Technology Ltd generated -$1.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 420.5% from the prior year.
Senmiao Technology Ltd held $3.6M in cash against $0 in long-term debt as of fiscal year 2026.
Senmiao Technology Ltd had 5M shares outstanding in fiscal year 2026.
Margins & Returns
Senmiao Technology Ltd's gross margin was 13.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Senmiao Technology Ltd's operating margin was -186.8% in fiscal year 2026, reflecting core business profitability. This is down 127.3 percentage points from the prior year.
Senmiao Technology Ltd's net profit margin was -340.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 229.4 percentage points from the prior year.
Capital Allocation
Senmiao Technology Ltd invested $415 in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.
AIHS Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $359K-61.7% | $936K+8.9% | $860K+7.4% | $801K-12.7% | $917K+22.9% | $746K-15.1% | $879K |
| Cost of Revenue | N/A | $309K-51.0% | $632K+4.7% | $604K+28.4% | $470K-32.8% | $699K+10.7% | $632K+1.2% | $624K |
| Gross Profit | N/A | $49K-81.9% | $274K+39.2% | $197K+69.9% | $116K+9.4% | $106K+9.3% | $97K-61.7% | $253K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $651K-28.2% | $907K+12.2% | $808K+1093.3% | $68K-83.6% | $412K-22.3% | $531K-37.8% | $853K |
| Operating Income | N/A | -$1.1M-44.6% | -$758K-24.0% | -$611K-223.7% | -$189K+54.1% | -$411K+33.2% | -$616K+20.4% | -$774K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$2K |
| Net Income | N/A | -$3.1M-382.9% | -$649K-294.6% | -$164K+90.7% | -$1.8M-214.0% | -$565K+20.5% | -$711K-5.6% | -$673K |
| EPS (Diluted) | N/A | $-0.88-104.7% | $-0.43 | $-0.15 | N/A | $-0.54+20.6% | $-0.68-6.3% | $-0.64 |
AIHS Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3M-8.4% | $5.7M+22.6% | $4.7M-11.7% | $5.3M-8.5% | $5.8M-26.5% | $7.9M-8.2% | $8.6M-6.6% | $9.2M |
| Current Assets | $4.1M-5.5% | $4.3M+105.3% | $2.1M-7.9% | $2.3M+2.3% | $2.2M+12.6% | $2.0M-1.7% | $2.0M-11.0% | $2.3M |
| Cash & Equivalents | $3.6M+2.6% | $3.5M+418.2% | $677K-22.0% | $868K+23.7% | $701K-26.1% | $949K+19.8% | $792K+5.8% | $749K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $1K-95.3% | $26K-26.2% | $35K+289.5% | $9K-77.8% | $40K+81.7% | $22K+10.1% | $20K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.1M+8.0% | $10.3M+31.1% | $7.8M-1.5% | $7.9M-8.2% | $8.7M-4.4% | $9.1M0.0% | $9.1M+0.1% | $9.0M |
| Current Liabilities | $7.8M+13.4% | $6.9M+44.4% | $4.8M-0.7% | $4.8M-8.3% | $5.2M-3.8% | $5.4M+0.3% | $5.4M-3.3% | $5.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.8M-28.9% | -$4.5M-43.8% | -$3.1M-19.1% | -$2.6M+7.4% | -$2.9M-144.8% | -$1.2M-154.0% | -$459K-388.5% | $159K |
| Retained Earnings | -$50.4M-2.7% | -$49.1M-6.8% | -$45.9M-1.4% | -$45.3M-0.4% | -$45.1M-4.1% | -$43.3M-1.3% | -$42.8M-1.7% | -$42.1M |
AIHS Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$343K+60.3% | -$866K-1112.5% | -$71K+77.8% | -$321K-567.1% | -$48K-113.5% | $356K+102.8% | $176K+947.5% | $17K |
| Capital Expenditures | N/A | N/A | N/A | N/A | -$3+99.6% | -$771-12950.0% | $6-99.5% | $1K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$48K-113.5% | $355K+102.4% | $176K+1027.0% | $16K |
| Investing Cash Flow | $30K+7085.5% | $415+100.2% | -$224K-58027.0% | -$385+97.7% | -$17K+90.6% | -$177K+36.4% | -$278K-3940.7% | $7K |
| Financing Cash Flow | $359K-90.1% | $3.6M+9355.1% | $39K-89.8% | $377K+455.5% | -$106K-469.2% | $29K+288.0% | $7K+113.8% | -$54K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AIHS Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 13.8%-15.5pp | 29.3%+6.4pp | 22.9%+8.4pp | 14.5%+2.9pp | 11.6%-1.4pp | 13.0%-15.8pp | 28.8% |
| Operating Margin | N/A | -305.7%-224.7pp | -81.0%-9.9pp | -71.1%-47.5pp | -23.6%+21.2pp | -44.8%+37.7pp | -82.5%+5.5pp | -88.0% |
| Net Margin | N/A | -873.5%-804.2pp | -69.3%-50.2pp | -19.1%+202.6pp | -221.7%-160.0pp | -61.7%+33.7pp | -95.4%-18.8pp | -76.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -423.1% |
| Return on Assets | N/A | -54.6%-40.7pp | -13.9%-10.8pp | -3.1%+27.5pp | -30.6%-23.4pp | -7.2%+1.1pp | -8.3%-1.0pp | -7.3% |
| Current Ratio | 0.53-0.1 | 0.63+0.2 | 0.44-0.0 | 0.48+0.0 | 0.43+0.1 | 0.370.0 | 0.37-0.0 | 0.41 |
| Debt-to-Equity | -1.90+0.4 | -2.27+0.2 | -2.49+0.5 | -3.01+0.0 | -3.03+4.7 | -7.76+12.0 | -19.72-76.6 | 56.85 |
| FCF Margin | N/A | N/A | N/A | N/A | -6.0%-44.8pp | 38.8%+15.2pp | 23.5%+21.8pp | 1.8% |
Note: Shareholder equity is negative (-$5.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Senmiao Technology Ltd's annual revenue?
Senmiao Technology Ltd (AIHS) reported $1.5M in total revenue for fiscal year 2026. This represents a -53.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Senmiao Technology Ltd's revenue growing?
Senmiao Technology Ltd (AIHS) revenue declined by 53.7% year-over-year, from $3.3M to $1.5M in fiscal year 2026.
Is Senmiao Technology Ltd profitable?
No, Senmiao Technology Ltd (AIHS) reported a net income of -$5.3M in fiscal year 2026, with a net profit margin of -340.9%.
What is Senmiao Technology Ltd's EBITDA?
Senmiao Technology Ltd (AIHS) had EBITDA of -$2.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Senmiao Technology Ltd's gross margin?
Senmiao Technology Ltd (AIHS) had a gross margin of 13.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Senmiao Technology Ltd's operating margin?
Senmiao Technology Ltd (AIHS) had an operating margin of -186.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Senmiao Technology Ltd's net profit margin?
Senmiao Technology Ltd (AIHS) had a net profit margin of -340.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Senmiao Technology Ltd's free cash flow?
Senmiao Technology Ltd (AIHS) generated -$1.6M in free cash flow during fiscal year 2026. This represents a -420.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Senmiao Technology Ltd's operating cash flow?
Senmiao Technology Ltd (AIHS) generated -$1.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Senmiao Technology Ltd's total assets?
Senmiao Technology Ltd (AIHS) had $5.3M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Senmiao Technology Ltd's capital expenditures?
Senmiao Technology Ltd (AIHS) invested $415 in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Senmiao Technology Ltd's current ratio?
Senmiao Technology Ltd (AIHS) had a current ratio of 0.53 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Senmiao Technology Ltd's debt-to-equity ratio?
Senmiao Technology Ltd (AIHS) had a debt-to-equity ratio of -1.90 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Senmiao Technology Ltd's return on assets (ROA)?
Senmiao Technology Ltd (AIHS) had a return on assets of -100.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Senmiao Technology Ltd's cash runway?
Based on fiscal year 2026 data, Senmiao Technology Ltd (AIHS) had $3.6M in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 27 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Senmiao Technology Ltd's debt-to-equity ratio negative or unusual?
Senmiao Technology Ltd (AIHS) has negative shareholder equity of -$5.8M as of fiscal year 2026, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Senmiao Technology Ltd's Altman Z-Score?
Senmiao Technology Ltd (AIHS) has an Altman Z-Score of -14.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Senmiao Technology Ltd's Piotroski F-Score?
Senmiao Technology Ltd (AIHS) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Senmiao Technology Ltd's earnings high quality?
Senmiao Technology Ltd (AIHS) has an earnings quality ratio of 0.30x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Senmiao Technology Ltd?
Senmiao Technology Ltd (AIHS) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.