Taoping Inc (TAOP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TAOP SEC filings page.
Taoping Inc (TAOP) reported $30.8M in revenue for fiscal year 2025, down 16.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Margin collapse and overhead rigidity turned a near-breakeven operation into a structurally cash-consuming business.
The latest year paired a gross margin of10.9% with an operating margin of-30.0% , leaving too little contribution to absorb operating costs. Operating cash flow was-$2.6M while free cash flow was-$3.9M , showing that cash pressure extended beyond day-to-day operations into reinvestment.
The business lost scale in FY2025: revenue was
The balance sheet is less constrained than in FY2023: the current ratio was 1.9x and debt-to-equity was 0.3x, indicating liabilities were not primarily creating short-term pressure. Yet financing cash flow of
Financial Health Signals
Scored against emerging companies for FY2025. 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 Taoping Inc'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.
Taoping Inc held $2.1M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $2.6M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Taoping Inc scores 29/100 among other emerging companies.
Taoping Inc had 10M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Taoping Inc scores 12/100 among other emerging companies.
Taoping Inc spent $1.7M on research and development in fiscal year 2025, which was 4.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Taoping Inc scores 21/100 among other emerging companies.
Taoping Inc reported revenue of $30.8M in fiscal year 2025, against $36.7M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Taoping Inc scores 29/100 among other emerging companies.
Taoping Inc's operations used $2.6M of cash in fiscal year 2025, against $2.4M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Taoping Inc scores 39/100 among other emerging companies.
Taoping Inc's cash, cash equivalents and investments came to $2.1M at the end of fiscal year 2025, against $19.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Taoping Inc scores 17/100 among other emerging companies.
Taoping Inc scores -7.22, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.7M) relative to total liabilities ($19.9M). 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.
Taoping Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Taoping Inc reported a net loss of $10.1M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Taoping Inc reported an operating loss of $9.2M against $979K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Taoping Inc held $2.1M in cash against $5.7M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
TAOP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TAOP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-K | Q4'2310-K | Q2'2310-K | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $39.4M+12.3% | $30.3M-11.0% | $35.1M+7.0% | $34.1M+3.8% | $32.8M+12.4% | $32.8M-16.9% | $29.2M-38.1% | $39.5M-25.3% |
| Current Assets | $26.4M-10.4% | $24.1M-12.4% | $29.5M+16.8% | $27.5M+35.8% | $25.3M+30.2% | $20.2M+20.1% | $19.4M-38.6% | $16.8M-41.4% |
| Cash & Equivalents | $2.1M+35.2% | $2.2M+352.4% | $1.6M+21.2% | $480K+4.4% | $1.3M+28.2% | $460K-38.3% | $1.0M-77.6% | $746K-12.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $790K-87.5% | $2.3M-28.2% | $6.3M+405.1% | $3.2M-44.3% | $1.3M+250.9% | $5.8M+231.1% | $356K-32.3% | $1.7M+27.8% |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | $9.2M+36.2% | $7.9M+191.3% |
| Long-Term Investments | $0-100.0% | $49K-64.4% | $86K-0.7% | $139K+102.5% | $87K-9.5% | $69K-81.7% | $96K-81.2% | $375K-54.2% |
| Goodwill | $7.3M | N/A | N/A | N/A | N/A | $59K-67.2% | $59K | $180K |
| Total Liabilities | $19.9M+3.4% | $15.8M-13.2% | $19.3M-4.0% | $18.2M-3.6% | $20.1M+2.4% | $18.9M-16.2% | $19.6M-29.8% | $22.6M-29.4% |
| Current Liabilities | $14.1M+4.8% | $10.1M-44.7% | $13.5M-32.9% | $18.2M-3.5% | $20.1M+2.5% | $18.9M-14.5% | $19.6M-29.4% | $22.1M-29.5% |
| Non-Current Liabilities | $5.8M-0.1% | $5.8M | $5.8M | $0-100.0% | $0-100.0% | $5K-98.9% | $20K-88.5% | $439K-24.4% |
| Long-Term Debt | $5.7M-1.2% | $5.8M | $5.8M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $19.5M+23.1% | $14.5M-8.6% | $15.9M+24.3% | $15.8M+67.4% | $12.8M+32.7% | $9.5M-44.1% | $9.6M-50.0% | $16.9M+33.9% |
| Retained Earnings | -$220.6M-4.8% | -$215.3M-3.4% | -$210.6M-0.9% | -$208.2M+0.8% | -$208.8M-0.3% | -$209.9M-2.8% | -$208.1M-2.9% | -$204.1M+1.1% |
TAOP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TAOP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Taoping Inc TAOP | FY2025 | $30.8M | -$10.1M | -32.6% | $7.7M | 25/100 |
| Cemtrex CETX | FY2025 | $76.5M | -$28.1M | -36.8% | $4.3M | 46/100 |
| AtlasClear ATCH | FY2025 | $10.9M | $5.8M | 53.0% | $28.5M | 37/100 |
| Brand Engagement BNAI | FY2025 | $275K | -$8.6M | N/A | $79.5M | — |
| Ryvyl RVYL | FY2025 | $11.1M | -$17.5M | N/A | $10.0M | 28/100 |
| OLB Group Inc OLB | FY2025 | $8.7M | -$5.9M | -67.7% | $6.5M | 18/100 |
Where Taoping Inc Ranks
Frequently Asked Questions
What is Taoping Inc's annual revenue?
Taoping Inc (TAOP) reported $30.8M in total revenue for fiscal year 2025. This represents a -16.0% 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 16.0% year-over-year, from $36.7M to $30.8M in fiscal year 2025.
Is Taoping Inc profitable?
No, Taoping Inc (TAOP) reported a net income of -$10.1M in fiscal year 2025, with a net profit margin of -32.6%.
What is Taoping Inc's EBITDA?
Taoping Inc (TAOP) had EBITDA of -$7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Taoping Inc have?
As of fiscal year 2025, Taoping Inc (TAOP) had $2.1M in cash and equivalents against $5.7M in long-term debt.
What is Taoping Inc's gross margin?
Taoping Inc (TAOP) had a gross margin of 10.9% in fiscal year 2025, 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 -30.0% in fiscal year 2025, 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 -32.6% in fiscal year 2025, 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 -51.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Taoping Inc's free cash flow?
Taoping Inc (TAOP) recorded an outflow of $3.9M in free cash flow during fiscal year 2025. This represents a -13.4% 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) recorded an outflow of $2.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Taoping Inc's total assets?
Taoping Inc (TAOP) had $39.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Taoping Inc's capital expenditures?
Taoping Inc (TAOP) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Taoping Inc spend on research and development?
Taoping Inc (TAOP) invested $1.7M in research and development during fiscal year 2025.
What is Taoping Inc's current ratio?
Taoping Inc (TAOP) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.
What is Taoping Inc's debt-to-equity ratio?
Taoping Inc (TAOP) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, 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 -25.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Taoping Inc's P/E ratio?
Taoping Inc (TAOP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $7.7M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Taoping Inc's price-to-sales ratio?
Taoping Inc (TAOP) trades at 0.2x sales, its market capitalization divided by revenue of $30.8M revenue, FY2025. The market capitalization is $7.7M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Taoping Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Taoping Inc (TAOP) held $2.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $2.6M over that year. Dividing the one by the other, the reported balance equals about 10 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Taoping Inc's Altman Z-Score?
Taoping Inc (TAOP) has an Altman Z-Score of -7.22, 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 Taoping Inc's Piotroski F-Score?
Taoping Inc (TAOP) has a Piotroski F-Score of 3 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 to 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) reported a net loss of $10.1M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $9.2M against $979K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 25 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.