What is Taoping Inc's earnings per share (EPS)?

Taoping Inc (TAOP) reported diluted earnings per share of $-0.29 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Taoping Inc Financials

TAOP

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Taoping Inc (TAOP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Financial Health Signals

Financial Profile 29/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Taoping Inc has an operating margin of -4.4%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from -0.5% the prior year.

Growth

Taoping Inc's revenue declined 5.1% year-over-year, from $38.6M to $36.7M. This contraction results in a growth score of 25/100.

Leverage

Taoping Inc carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Taoping Inc's current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Taoping Inc generated -$2.4M in operating cash flow, capex of $1.1M consumed most of it, leaving -$3.4M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Taoping Inc generates a -11.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -5.5% the prior year.

Piotroski F-Score Weak

1/9

Taoping Inc passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

1.31x

For every $1 of reported earnings, Taoping Inc generates $1.31 in operating cash flow (-$2.4M OCF vs -$1.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-3.5x

Taoping Inc earns $-3.5 in operating income for every $1 of interest expense (-$1.6M vs $461K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$36.7M

YoY-5.1%

5Y CAGR+12.2%

10Y CAGR-4.0%

Taoping Inc generated $36.7M in revenue in fiscal year 2024. This represents a decrease of 5.1% from the prior year.

EBITDA

$398K

YoY-82.8%

5Y CAGR-36.4%

Taoping Inc's EBITDA was $398K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 82.8% from the prior year.

Net Income

-$1.8M

YoY-160.7%

Taoping Inc reported -$1.8M in net income in fiscal year 2024. This represents a decrease of 160.7% from the prior year.

EPS (Diluted)

$-0.29

Taoping Inc earned $-0.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 19.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.4M

YoY+2.8%

Taoping Inc generated -$3.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.8% from the prior year.

Cash & Debt

$1.6M

YoY+21.2%

5Y CAGR-0.9%

10Y CAGR-17.7%

Taoping Inc held $1.6M in cash against $5.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

13M

Taoping Inc had 13M shares outstanding in fiscal year 2024. This represents an increase of 362.8% from the prior year.

Margins & Returns

Gross Margin

21.2%

YoY-1.7pp

5Y CAGR-25.7pp

10Y CAGR+4.0pp

Taoping Inc's gross margin was 21.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin

-4.4%

YoY-3.9pp

5Y CAGR-5.2pp

10Y CAGR+208.9pp

Taoping Inc's operating margin was -4.4% in fiscal year 2024, reflecting core business profitability. This is down 3.9 percentage points from the prior year.

Net Margin

-5.0%

YoY-3.1pp

5Y CAGR-13.2pp

10Y CAGR+210.2pp

Taoping Inc's net profit margin was -5.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.

Return on Equity

-11.5%

YoY-6.0pp

5Y CAGR-31.9pp

10Y CAGR+307.8pp

Taoping Inc's ROE was -11.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$2.4M

YoY-18.3%

5Y CAGR-12.6%

10Y CAGR+1.0%

Taoping Inc invested $2.4M in research and development in fiscal year 2024. This represents a decrease of 18.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.1M

YoY-12.9%

5Y CAGR-10.1%

10Y CAGR-4.8%

Taoping Inc invested $1.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 12.9% from the prior year.

TAOP Income Statement

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Revenue	$36.7M-5.1%	$38.6M+59.4%	$24.2M+119.1%	$11.1M-19.8%	$13.8M-33.0%	$20.6M
Cost of Revenue	$28.9M-3.0%	$29.8M+75.2%	$17.0M+138.8%	$7.1M-1.0%	$7.2M-34.2%	$10.9M
Gross Profit	$7.8M-12.2%	$8.9M+22.4%	$7.2M+83.3%	$3.9M-40.3%	$6.6M-31.6%	$9.7M
R&D Expenses	$2.4M-18.3%	$3.0M-17.7%	$3.6M-7.3%	$3.9M+8.2%	$3.6M-24.5%	$4.8M
SG&A Expenses	$6.2M+10.9%	$5.6M-8.9%	$6.1M-63.2%	$16.7M+150.9%	$6.7M+54.8%	$4.3M
Operating Income	-$1.6M-713.6%	-$198K+93.8%	-$3.2M+81.8%	-$17.4M-316.3%	-$4.2M-2571.3%	$169K
Interest Expense	$461K-20.7%	$581K+4.3%	$556K-45.3%	$1.0M+103.7%	$500K+3.2%	$484K
Income Tax	$14K+77.2%	$8K-88.6%	$70K+198.0%	-$71K+74.0%	-$274K-122.8%	$1.2M
Net Income	-$1.8M-160.7%	-$698K+90.1%	-$7.1M+60.0%	-$17.7M-393.9%	-$3.6M-311.7%	$1.7M
EPS (Diluted)	$-0.29	$-0.36	$-4.47-86.3%	$-2.40	$-0.54-325.0%	$0.24

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TAOP Balance Sheet

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Total Assets	$35.1M+7.0%	$32.8M+12.4%	$29.2M-5.1%	$30.8M-24.2%	$40.6M-2.4%	$41.6M
Current Assets	$29.5M+16.8%	$25.3M+30.2%	$19.4M+56.0%	$12.4M-34.7%	$19.0M-34.1%	$28.9M
Cash & Equivalents	$1.6M+21.2%	$1.3M+28.2%	$1.0M+14.9%	$883K-41.9%	$1.5M-8.1%	$1.7M
Inventory	$6.3M+405.1%	$1.3M+250.9%	$356K+39.9%	$255K-15.9%	$303K-56.3%	$694K
Accounts Receivable	$6.8M	N/A	$9.2M+115.8%	$4.3M-13.4%	$4.9M-38.4%	$8.0M
Goodwill	N/A	N/A	$59K	N/A	N/A	N/A
Total Liabilities	$19.3M-4.0%	$20.1M+2.4%	$19.6M-49.0%	$38.4M+8.8%	$35.3M+6.0%	$33.4M
Current Liabilities	$13.5M-32.9%	$20.1M+2.5%	$19.6M-34.3%	$29.8M+14.6%	$26.0M+8.3%	$24.0M
Long-Term Debt	$5.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	$15.9M+24.3%	$12.8M+32.7%	$9.6M+225.5%	-$7.7M-245.5%	$5.3M-36.2%	$8.3M
Retained Earnings	-$210.6M-0.9%	-$208.8M-0.3%	-$208.1M-8.2%	-$192.2M-10.1%	-$174.5M-2.1%	-$170.9M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$30.3M-13.7%	$35.1M+3.1%	$34.1M+3.8%	$32.8M0.0%	$32.8M+12.4%	$29.2M-26.0%	$39.5M-16.3%	$47.2M
Current Assets	$24.1M-18.4%	$29.5M+7.4%	$27.5M+8.7%	$25.3M+24.9%	$20.2M+4.2%	$19.4M+15.2%	$16.8M-46.7%	$31.6M
Cash & Equivalents	$2.2M+37.8%	$1.6M+228.3%	$480K-63.1%	$1.3M+182.7%	$460K-54.6%	$1.0M+36.0%	$746K-83.5%	$4.5M
Inventory	$2.3M-63.4%	$6.3M+96.3%	$3.2M+157.3%	$1.3M-78.4%	$5.8M+1522.3%	$356K-79.6%	$1.7M+231.6%	$527K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$9.2M+16.7%	$7.9M+16.7%	$6.8M
Goodwill	N/A	N/A	N/A	N/A	$59K0.0%	$59K-67.2%	$180K	N/A
Total Liabilities	$15.8M-17.8%	$19.3M+5.6%	$18.2M-9.1%	$20.1M+6.1%	$18.9M-3.5%	$19.6M-13.2%	$22.6M-19.1%	$27.9M
Current Liabilities	$10.1M-25.0%	$13.5M-26.2%	$18.2M-9.1%	$20.1M+6.1%	$18.9M-3.4%	$19.6M-11.6%	$22.1M-20.2%	$27.7M
Long-Term Debt	$5.8M-0.8%	$5.8M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$14.5M-8.8%	$15.9M+0.2%	$15.8M+24.1%	$12.8M+34.9%	$9.5M-1.6%	$9.6M-43.2%	$16.9M-12.1%	$19.3M
Retained Earnings	-$215.3M-2.2%	-$210.6M-1.2%	-$208.2M+0.3%	-$208.8M+0.5%	-$209.9M-0.9%	-$208.1M-1.9%	-$204.1M-1.0%	-$202.1M

TAOP Cash Flow Statement

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Operating Cash Flow	-$2.4M-2.5%	-$2.3M+69.0%	-$7.5M-321.3%	-$1.8M-6.0%	-$1.7M-168.0%	$2.5M
Capital Expenditures	$1.1M-12.9%	$1.2M-32.5%	$1.8M+7.5%	$1.7M+3.0%	$1.6M-9.9%	$1.8M
Free Cash Flow	-$3.4M+2.8%	-$3.5M+62.0%	-$9.3M-169.6%	-$3.5M-4.5%	-$3.3M-588.2%	$676K
Investing Cash Flow	-$1.1M+11.0%	-$1.2M-128.0%	$4.3M+348.6%	-$1.7M-1241.6%	$152K+103.7%	-$4.1M
Financing Cash Flow	$3.7M-2.4%	$3.8M+16801.5%	$23K-99.3%	$3.1M+93.7%	$1.6M+797.3%	$177K
Dividends Paid	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

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

TAOP Financial Ratios

Metric	FY24	FY23	FY22	FY20	FY19	FY18
Gross Margin	21.2%-1.7pp	22.9%-6.9pp	29.8%-5.8pp	35.6%-12.2pp	47.9%+1.0pp	46.9%
Operating Margin	-4.4%-3.9pp	-0.5%+12.6pp	-13.1%+143.9pp	-157.0%-126.7pp	-30.3%-31.1pp	0.8%
Net Margin	-5.0%-3.1pp	-1.8%+27.4pp	-29.2%+130.7pp	-159.9%-134.0pp	-26.0%-34.2pp	8.2%
Return on Equity	-11.5%-6.0pp	-5.5%+68.2pp	-73.6%	N/A	-68.0%-88.5pp	20.5%
Return on Assets	-5.2%-3.0pp	-2.1%+22.1pp	-24.2%+33.2pp	-57.5%-48.7pp	-8.8%-12.9pp	4.1%
Current Ratio	2.19+0.9	1.26+0.3	0.99+0.6	0.42-0.3	0.73-0.5	1.20
Debt-to-Equity	0.37-1.2	1.57-0.5	2.04+7.1	-5.02-11.7	6.71+2.7	4.04
FCF Margin	-9.4%-0.2pp	-9.2%+29.3pp	-38.4%-7.2pp	-31.2%-7.3pp	-23.9%-27.2pp	3.3%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.38+0.2	2.19+0.7	1.50+0.2	1.26+0.2	1.07+0.1	0.99+0.2	0.76-0.4	1.14
Debt-to-Equity	0.40+0.0	0.37-0.8	1.15-0.4	1.57-0.4	2.00-0.0	2.04+0.7	1.33-0.1	1.45
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Taoping Inc's annual revenue?

Taoping Inc (TAOP) reported $36.7M in total revenue for fiscal year 2024. This represents a -5.1% 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 Taoping Inc's revenue growing?

Taoping Inc (TAOP) revenue declined by 5.1% year-over-year, from $38.6M to $36.7M in fiscal year 2024.

Is Taoping Inc profitable?

No, Taoping Inc (TAOP) reported a net income of -$1.8M in fiscal year 2024, with a net profit margin of -5.0%.

What is Taoping Inc's EBITDA?

Taoping Inc (TAOP) had EBITDA of $398K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Taoping Inc have?

As of fiscal year 2024, Taoping Inc (TAOP) had $1.6M in cash and equivalents against $5.8M in long-term debt.

What is Taoping Inc's gross margin?

Taoping Inc (TAOP) had a gross margin of 21.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Taoping Inc's operating margin?

Taoping Inc (TAOP) had an operating margin of -4.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Taoping Inc's net profit margin?

Taoping Inc (TAOP) had a net profit margin of -5.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Taoping Inc's return on equity (ROE)?

Taoping Inc (TAOP) has a return on equity of -11.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Taoping Inc's free cash flow?

Taoping Inc (TAOP) generated -$3.4M in free cash flow during fiscal year 2024. This represents a 2.8% 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 Taoping Inc's operating cash flow?

Taoping Inc (TAOP) generated -$2.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Taoping Inc's total assets?

Taoping Inc (TAOP) had $35.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Taoping Inc's capital expenditures?

Taoping Inc (TAOP) invested $1.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Taoping Inc spend on research and development?

Taoping Inc (TAOP) invested $2.4M in research and development during fiscal year 2024.

How many shares does Taoping Inc have outstanding?

Taoping Inc (TAOP) had 13M shares outstanding as of fiscal year 2024.

What is Taoping Inc's current ratio?

Taoping Inc (TAOP) had a current ratio of 2.19 as of fiscal year 2024, which is generally considered healthy.

What is Taoping Inc's debt-to-equity ratio?

Taoping Inc (TAOP) had a debt-to-equity ratio of 0.37 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Taoping Inc's return on assets (ROA)?

Taoping Inc (TAOP) had a return on assets of -5.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Taoping Inc's cash runway?

Based on fiscal year 2024 data, Taoping Inc (TAOP) had $1.6M in cash against an annual operating cash burn of $2.4M. This gives an estimated cash runway of approximately 8 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.

What is Taoping Inc's Piotroski F-Score?

Taoping Inc (TAOP) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Taoping Inc's earnings high quality?

Taoping Inc (TAOP) has an earnings quality ratio of 1.31x, 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.

Can Taoping Inc cover its interest payments?

Taoping Inc (TAOP) has an interest coverage ratio of -3.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Taoping Inc?

Taoping Inc (TAOP) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.