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

Taoping Inc (TAOP) reported diluted earnings per share of $-7.88 for fiscal year 2025. This represents a -3.7% change compared to the previous fiscal year. 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) Data as of Dec 31, 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 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).

Rhea AI TAOP FY2025 2026-04-30

Gross margin compression turned a once-near-break-even model back into a financing-dependent, cash-burning business during FY2025.

What looked close to break-even in FY2023 was not a durable turn: gross margin fell from 21.2% in FY2024 to 10.9% in FY2025, so a modest revenue setback exposed how little room the model had to cover overhead. Operating cash flow was only -$2.6M against a -$10.1M net loss, which means the income statement deterioration was much sharper than the immediate cash drain.

Liquidity held up because financing inflows of $4.4M were larger than free cash outflow of -$3.9M. The business therefore finished FY2025 with more cash than FY2024, but that stability was supplied externally rather than earned through operations.

Capital spending is not the main reason cash is leaving: capex was $1.3M while operating cash flow was -$2.6M. That points to strain coming more from thin gross profit and a cost base that does not flex quickly when sales soften, not from maintaining a heavy asset footprint.

Financial Health Signals

Financial Health Score 29/100

Scored as: Emerging companies peer group

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.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-7.08

Taoping Inc scores -7.08, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($12.2M) 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.

Piotroski F-Score Weak

3/9

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.

Earnings Quality Low Quality

0.25x

For every $1 of reported earnings, Taoping Inc generates $0.25 in operating cash flow (-$2.6M OCF vs -$10.1M 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

-9.4x

Taoping Inc earns $-9.4 in operating income for every $1 of interest expense (-$9.2M vs $979K). 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

$30.8M

YoY-16.0%

5Y CAGR+17.4%

10Y CAGR-2.2%

Taoping Inc generated $30.8M in revenue in fiscal year 2025. This represents a decrease of 16.0% from the prior year.

EBITDA

-$7.6M

YoY-2004.2%

Taoping Inc's EBITDA was -$7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2004.2% from the prior year.

Net Income

-$10.1M

YoY-453.0%

Taoping Inc reported -$10.1M in net income in fiscal year 2025. This represents a decrease of 453.0% from the prior year.

EPS (Diluted)

$-7.88

YoY-3.7%

Taoping Inc earned $-7.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.9M

YoY-13.4%

Taoping Inc generated -$3.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.4% from the prior year.

Cash & Debt

$2.1M

YoY+35.2%

5Y CAGR+7.0%

10Y CAGR-15.3%

Taoping Inc held $2.1M in cash against $5.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY-28.6%

Taoping Inc had 10M shares outstanding in fiscal year 2025. This represents a decrease of 28.6% from the prior year.

Margins & Returns

Gross Margin

10.9%

YoY-10.3pp

5Y CAGR-36.9pp

10Y CAGR-16.2pp

Taoping Inc's gross margin was 10.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.3 percentage points from the prior year.

Operating Margin

-30.0%

YoY-25.6pp

5Y CAGR+0.3pp

10Y CAGR+31.9pp

Taoping Inc's operating margin was -30.0% in fiscal year 2025, reflecting core business profitability. This is down 25.6 percentage points from the prior year.

Net Margin

-32.6%

YoY-27.7pp

5Y CAGR-6.7pp

10Y CAGR+43.0pp

Taoping Inc's net profit margin was -32.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 27.7 percentage points from the prior year.

Return on Equity

-51.5%

YoY-40.0pp

5Y CAGR+16.5pp

10Y CAGR+98.3pp

Taoping Inc's ROE was -51.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 40.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.7M

YoY-29.4%

5Y CAGR-13.8%

10Y CAGR+1.5%

Taoping Inc invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 29.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.3M

YoY+28.1%

5Y CAGR-3.6%

10Y CAGR+9.8%

Taoping Inc invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 28.1% from the prior year.

TAOP Income Statement

Metric	FY25	FY24	FY23	FY22	FY20	FY19
Revenue	$30.8M-16.0%	$36.7M-5.1%	$38.6M+59.4%	$24.2M+119.1%	$11.1M-19.8%	$13.8M
Cost of Revenue	$27.4M-5.0%	$28.9M-3.0%	$29.8M+75.2%	$17.0M+138.8%	$7.1M-1.0%	$7.2M
Gross Profit	$3.4M-56.6%	$7.8M-12.2%	$8.9M+22.4%	$7.2M+83.3%	$3.9M-40.3%	$6.6M
R&D Expenses	$1.7M-29.4%	$2.4M-18.3%	$3.0M-17.7%	$3.6M-7.3%	$3.9M+8.2%	$3.6M
SG&A Expenses	$9.8M+58.3%	$6.2M+10.9%	$5.6M-8.9%	$6.1M-63.2%	$16.7M+150.9%	$6.7M
Operating Income	-$9.2M-474.0%	-$1.6M-713.6%	-$198K+93.8%	-$3.2M+81.8%	-$17.4M-316.3%	-$4.2M
Interest Expense	$979K+112.6%	$461K-20.7%	$581K+4.3%	$556K-45.3%	$1.0M+103.7%	$500K
Income Tax	$43K+204.7%	$14K+77.2%	$8K-88.6%	$70K+198.0%	-$71K+74.0%	-$274K
Net Income	-$10.1M-453.0%	-$1.8M-160.7%	-$698K+90.1%	-$7.1M+60.0%	-$17.7M-393.9%	-$3.6M
EPS (Diluted)	$-7.88-3.7%	$-7.60	$-7.73	$-4.47-86.3%	$-2.40	$-0.54

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	FY25	FY24	FY23	FY22	FY20	FY19
Total Assets	$39.4M+12.3%	$35.1M+7.0%	$32.8M+12.4%	$29.2M-5.1%	$30.8M-24.2%	$40.6M
Current Assets	$26.4M-10.4%	$29.5M+16.8%	$25.3M+30.2%	$19.4M+56.0%	$12.4M-34.7%	$19.0M
Cash & Equivalents	$2.1M+35.2%	$1.6M+21.2%	$1.3M+28.2%	$1.0M+14.9%	$883K-41.9%	$1.5M
Inventory	$790K-87.5%	$6.3M+405.1%	$1.3M+250.9%	$356K+39.9%	$255K-15.9%	$303K
Accounts Receivable	$9.0M+32.9%	$6.8M	N/A	$9.2M+115.8%	$4.3M-13.4%	$4.9M
Goodwill	$7.3M	N/A	N/A	$59K	N/A	N/A
Total Liabilities	$19.9M+3.4%	$19.3M-4.0%	$20.1M+2.4%	$19.6M-49.0%	$38.4M+8.8%	$35.3M
Current Liabilities	$14.1M+4.8%	$13.5M-32.9%	$20.1M+2.5%	$19.6M-34.3%	$29.8M+14.6%	$26.0M
Long-Term Debt	$5.7M-1.2%	$5.8M	N/A	N/A	N/A	N/A
Total Equity	$19.5M+23.1%	$15.9M+24.3%	$12.8M+32.7%	$9.6M+225.5%	-$7.7M-245.5%	$5.3M
Retained Earnings	-$220.6M-4.8%	-$210.6M-0.9%	-$208.8M-0.3%	-$208.1M-8.2%	-$192.2M-10.1%	-$174.5M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$39.4M+30.1%	$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
Current Assets	$26.4M+9.8%	$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
Cash & Equivalents	$2.1M-1.9%	$2.2M+37.8%	$1.6M+228.3%	$480K-63.1%	$1.3M+182.7%	$460K-54.6%	$1.0M+36.0%	$746K
Inventory	$790K-65.8%	$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
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	$9.2M+16.7%	$7.9M
Goodwill	$7.3M	N/A	N/A	N/A	N/A	$59K0.0%	$59K-67.2%	$180K
Total Liabilities	$19.9M+25.7%	$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
Current Liabilities	$14.1M+39.9%	$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
Long-Term Debt	$5.7M-0.3%	$5.8M-0.8%	$5.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	$19.5M+35.0%	$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
Retained Earnings	-$220.6M-2.5%	-$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

TAOP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY20	FY19
Operating Cash Flow	-$2.6M-7.0%	-$2.4M-2.5%	-$2.3M+69.0%	-$7.5M-321.3%	-$1.8M-6.0%	-$1.7M
Capital Expenditures	$1.3M+28.1%	$1.1M-12.9%	$1.2M-32.5%	$1.8M+7.5%	$1.7M+3.0%	$1.6M
Free Cash Flow	-$3.9M-13.4%	-$3.4M+2.8%	-$3.5M+62.0%	-$9.3M-169.6%	-$3.5M-4.5%	-$3.3M
Investing Cash Flow	-$1.3M-25.2%	-$1.1M+11.0%	-$1.2M-128.0%	$4.3M+348.6%	-$1.7M-1241.6%	$152K
Financing Cash Flow	$4.4M+17.8%	$3.7M-2.4%	$3.8M+16801.5%	$23K-99.3%	$3.1M+93.7%	$1.6M
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	FY25	FY24	FY23	FY22	FY20	FY19
Gross Margin	10.9%-10.3pp	21.2%-1.7pp	22.9%-6.9pp	29.8%-5.8pp	35.6%-12.2pp	47.9%
Operating Margin	-30.0%-25.6pp	-4.4%-3.9pp	-0.5%+12.6pp	-13.1%+143.9pp	-157.0%-126.7pp	-30.3%
Net Margin	-32.6%-27.7pp	-5.0%-3.1pp	-1.8%+27.4pp	-29.2%+130.7pp	-159.9%-134.0pp	-26.0%
Return on Equity	-51.5%-40.0pp	-11.5%-6.0pp	-5.5%+68.2pp	-73.6%	N/A	-68.0%
Return on Assets	-25.5%-20.3pp	-5.2%-3.0pp	-2.1%+22.1pp	-24.2%+33.2pp	-57.5%-48.7pp	-8.8%
Current Ratio	1.87-0.3	2.19+0.9	1.26+0.3	0.99+0.6	0.42-0.3	0.73
Debt-to-Equity	0.29-0.1	0.37-1.2	1.57-0.5	2.04+7.1	-5.02-11.7	6.71
FCF Margin	-12.7%-3.3pp	-9.4%-0.2pp	-9.2%+29.3pp	-38.4%-7.2pp	-31.2%-7.3pp	-23.9%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
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	1.87-0.5	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
Debt-to-Equity	0.29-0.1	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
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 $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% 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) generated -$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) generated -$2.6M in operating cash flow during fiscal year 2025, representing cash generated from 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.

How many shares does Taoping Inc have outstanding?

Taoping Inc (TAOP) had 10M shares outstanding as of 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 cash runway?

Based on fiscal year 2025 data, Taoping Inc (TAOP) had $2.1M in cash against an annual operating cash burn of $2.6M. This gives an estimated cash runway of approximately 10 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 Altman Z-Score?

Taoping Inc (TAOP) has an Altman Z-Score of -7.08, 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) has an earnings quality ratio of 0.25x, 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 -9.4x, 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 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.