Every 10-Q that Senmiao Technology Limited (AIHS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AIHS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIHS filings page.
Senmiao Technology Limited reported results for the three months ended June 30, 2026, from its China-focused automobile transaction and related services business. Revenues from continuing operations were $360,889, mainly from operating lease rentals, with smaller contributions from NEV leasing service fees, financing revenues and other service fees.
The company posted a net loss of $32,786,087, driven largely by a non-cash loss of $34,149,713 from excess warrant fair value over April 2026 private placement proceeds and by changes in derivative liabilities. Cash and cash equivalents rose to $12,871,865 from $3,562,219 at March 31, 2026, primarily from $11,000,000 of gross proceeds in an April 2026 units private placement. Derivative liabilities increased sharply to $48,032,895, and the company reported a working capital deficit of approximately $36.3 million and an accumulated deficit of about $83.1 million. Management nonetheless states that recent financings and the expectation that warrants will not be cash-settled support its assessment that there is no substantial doubt about the company’s ability to continue as a going concern over the next 12 months.
Senmiao Technology Limited filed an amended quarterly report to restate its unaudited results for the three and nine months ended December 31, 2025. The company had misclassified pre-funded and November 2025 private placement warrants as equity instead of derivative liabilities measured at fair value through earnings.
After correction, derivative liabilities rose to $4,924,533, additional paid-in capital fell by $2,828,725, and accumulated deficit deepened by $2,095,805, turning total equity into a deficit of $1,172,476. Net loss attributable to stockholders for the nine months increased to $3,946,174, or $1.92 per share.
Management attributes the error to previously reported material weaknesses in internal control over financial reporting, particularly around complex U.S. GAAP and non‑routine transactions. Liquidity improved via November 2025 financings that brought in about $3.5M of net cash, lifting cash and equivalents to $3,508,226 despite a $2.5M working capital deficit and a $4.0M nine‑month net loss.
Senmiao Technology Limited reported results for the quarter ended December 31, 2025, showing continued losses but a stronger balance sheet. Quarterly revenue from automobile transaction and related services was $358,684, down from $451,447 a year earlier, as ride-hailing related activity softened.
The company posted a net loss of $873,677 for the quarter and $1,873,845 for the nine months, with higher selling, general and administrative expenses and increased credit loss provisions pressuring margins. However, Senmiao raised about $0.66 million through a PIPE offering and $2.83 million via a registered direct offering, lifting cash and cash equivalents from $701,302 at March 31, 2025 to $3,508,226 and improving working capital to about $2.4 million. Management now concludes there is no substantial doubt about its ability to continue as a going concern over the next year.
Senmiao Technology Limited (AIHS) reported continued losses and tight liquidity for the six months ended September 30, 2025. Total revenues from automobile transaction and related services were $1.8 million, up slightly from $1.6 million a year earlier, driven mainly by operating lease revenues of $1.44 million. Despite this, the company recorded a net loss of $1.0 million and an accumulated deficit of about $45.9 million.
As of September 30, 2025, Senmiao had total assets of $4.7 million and a working capital deficit of roughly $2.6 million, with current liabilities exceeding current assets and total liabilities above total assets, resulting in a small negative equity position. Management concludes there is substantial doubt about the company’s ability to continue as a going concern, even after completing a financing of $0.66 million and expecting another $2.8 million by November 21, 2025, because anticipated cash outflows and planned payable settlements are still likely to outstrip available resources.
Senmiao Technology Limited (AIHS) reported continued operating losses and balance-sheet strain. The company recorded a net loss of $276,438 for the period (also presented as $735,885 in another column), revenues are reported under automobile transaction and related services with line items such as NEV leasing service fees of $83,444 and financing revenues near $22,331. Total cash, cash equivalents and restricted cash at period end were $867,767. The company disclosed an accumulated deficit of approximately $45.3 million and a working capital deficit of about $2.5 million. Significant related-party receivables from Jinkailong total over $1.1 million to $1.4 million classified as non-current. Management cites sources of liquidity including equity financing, PRC bank debt and related-party support, and discloses material weaknesses in accounting personnel, internal audit and IT general controls. The filing notes retroactive adjustments for twice 1-for-10 reverse stock splits and outstanding convertible preferred shares, warrants and RSUs.