Taoping Inc. reported full-year 2025 results showing lower revenue and a significantly wider loss as it pursues a strategic shift to AI-enabled, platform-based services. Revenue for 2025 was $30.8 million, down about 16% from $36.7 million in 2024, reflecting a move away from lower-margin legacy businesses.
Gross profit fell to $3.37 million from $7.77 million, and operating loss widened to $9.23 million from $1.61 million. Net loss attributable to the company increased to $10.06 million from $1.82 million, driven by higher administrative costs and investment in next-generation platform infrastructure.
Management highlighted progress in smart elevator and intelligent infrastructure solutions, citing over $3 million in new smart elevator orders announced to date, and emphasized goals of expanding recurring, high-margin platform revenues, improving gross margins, and pursuing growth through technology leadership, collaborations, and acquisitions.
Taoping Inc. furnishes a Form 6-K providing historical and pro forma financial information for recently acquired elevator-service businesses in China. The report includes audited 2024 and 2023 statements for Shenzhen Smart Skyladder IoT and Tianjin Weida, plus unaudited 2025 interim results and pro forma combined figures reflecting ownership of Skyladder Group.
In 2024, Shenzhen Smart Skyladder generated total revenue of $1.0 million and recorded a net loss of $0.3 million, while Tianjin Weida produced $0.7 million of revenue with a smaller net loss. Management describes elevator servicing as a growth opportunity and prepares the subsidiary accounts on a going-concern basis.
Taoping Inc. director and president Zhao Zhiqiang has filed an initial ownership report on Form 3. The filing shows he directly holds 45,907 Ordinary Shares of Taoping Inc. This is an initial disclosure of his equity position rather than a new purchase or sale.
Taoping Inc. filed an initial ownership report for Chief Financial Officer Yan Liqiong. The filing shows that the CFO holds 45,910 Ordinary Shares of Taoping Inc. directly as of the reported date. This Form 3 does not report any new purchases or sales, only the existing share position.
Taoping Inc. insider Ma Bin, the company’s Co-Chief Executive Officer, has filed an initial ownership report showing indirect holdings of 345,529 Ordinary Shares. These shares are held through MaBin Second Co., Ltd., a British Virgin Islands company where Ma Bin is the sole director and shareholder with sole voting and investment power.
Taoping Inc. director and Co-CEO Lin Jiang Huai has filed an initial statement of beneficial ownership. The filing reports direct holdings of 50,418 Class A Shares and 133,332 Ordinary Shares of Taoping Inc.
The footnotes explain that each Class A Share is convertible into one Ordinary Share at the holder’s election with five days’ notice, or automatically upon certain transfers or other events described in the company’s amended and restated memorandum and articles of association dated August 19, 2025.
Taoping Inc.'s Chief Marketing Officer Li Huan has filed an initial statement of ownership on Form 3. The filing reports direct ownership of 16,564 Ordinary Shares. As a Form 3, this document records Li Huan's existing holdings as an insider rather than reporting a new share purchase or sale.
Taoping Inc. director Jiang Yong filed an initial Form 3 stating his beneficial ownership in the company. The filing reports that he directly holds 1,562 Ordinary Shares of Taoping Inc. following the reported position as of March 18, 2026. This is a holdings disclosure, not a new buy or sell transaction.
Taoping Inc. Chief Operating Officer Huang Zhixiong filed an initial ownership report showing direct holdings of 45,900 Ordinary Shares as of 2026-03-18. This Form 3 does not report any recent share purchases or sales and shows no derivative securities positions.
Taoping Inc. director Hu Chia-Huang filed an initial ownership report showing direct holdings of 1,562 Ordinary Shares. This Form 3 filing establishes his current beneficial stake in the company but does not report any recent buy or sell transaction.