TANHNasdaqIndustrial Organic ChemicalsFiscal year ends December 31

TANTECH HOLDINGS LTD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 14, 2026

$10.20−3.42 (-25.11%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

TANTECH HOLDINGS LTD income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Revenue	38	43	45	53	55	42	49	30	42	40	47	65	61
Cost of Revenue	31	34	35	43	45	38	43	22	32	27	32	45	44
Gross Profit	7.14	8.94	9.72	10	10	4.48	5.98	8.03	11	13	15	21	17
Research & Development	0.08	0.04	0.02	0.02	8.05	0.89	0.33	0.39	0.63	0.14	1.08	0.75	0.73
General & Administrative	19	4.87	5.82	3.91	8.83	0.96	4.66	4.97	4.63	3.61	4.72	1.64	3.14
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	0.03	0.00	0.06
Operating Expenses	19	4.96	6.06	4.18	19	15	15	5.68	5.98	4.37	6.67	3.47	5.32
Operating Income	-12	3.98	3.66	5.93	-8.51	-10	-8.91	2.35	4.57	8.65	8.07	17	12
Interest Expense	0.28	0.29	0.30	0.48	0.74	0.30	0.44	0.63	0.55	0.47	0.41	0.55	0.87
Interest & Investment Income	0.35	0.04	0.05	0.21	0.12	0.05	0.05	0.06	0.02	0.00	0.08	0.16	0.20
Other Non-Operating Income	-21	-3.36	5.61	1.25	0.25	-0.29	-0.39	-0.32	-0.10	-0.32	1.09	0.40	0.07
Asset Impairment Charges	–	–	–	0	0	12	9.58	0	0	–	–	–	–
Gain (Loss) on Sale of Assets	0.00	0	0.00	0	-0.55	-0.07	0.01	0.04	1.88	0	-0.20	-0.01	0.05
Pretax Income	-34	0.62	9.27	7.18	-8.26	-11	-9.30	2.03	4.48	8.33	9.15	18	12
Income Tax Expense	-2.52	3.11	2.36	3.14	2.43	-0.61	0.36	1.03	1.53	1.37	2.12	2.85	1.82
Income from Continuing Operations	-31	-2.49	6.90	4.04	-11	-10	-9.66	1.00	2.95	6.97	7.04	–	–
Income from Discontinued Operations	-0.06	-1.08	-1.88	-1.45	0	0	-0.30	0.08	0.07	-2.36	1.89	–	–
Net Income incl. Noncontrolling Interests	-31	-3.57	5.02	2.59	-11	-10	-9.96	1.08	3.01	4.61	8.93	15	10
Minority Interest in Earnings	-0.02	-0.32	-0.57	-0.43	-2.33	-3.50	-3.60	-0.90	-0.75	0.31	0.49	0.74	0.50
Net Income	-31	-3.24	5.58	2.59	-8.36	-6.52	-6.36	1.98	3.77	4.30	8.44	14	9.58
Net Income to Common	-31	-3.24	5.58	3.02	-8.36	-6.52	–	–	–	–	–	–	–
EPS (Basic)(per share)	-13.64	-7.66	80.69	121.21	-1,934.00	-2,117.20	-88.00	28.00	60.00	76.00	160.00	132.00	76.00
EPS (Diluted)(per share)	-13.64	-7.66	80.69	120.10	-1,934.00	-2,117.20	-88.00	28.00	60.00	76.00	160.00	132.00	76.00
Shares Outstanding (Basic, Weighted)(shares)	2.30	0.42	0.07	0.02	0.00	0.00	0.07	0.07	0.06	0.06	0.05	0.10	0.13
Shares Outstanding (Diluted, Weighted)(shares)	2.30	0.42	0.07	0.03	0.00	0.00	0.07	0.07	0.06	0.06	0.05	0.10	0.13
EBITDA	–	–	–	–	–	–	–	–	–	–	9.51	19	13
Provision for Credit Losses	–	–	–	–	–	–	–	–	-0.02	0.06	0	-0.03	0.23
Non-Interest Expense	–	0.05	0.09	0.19	0.27	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 18.6%
Operating margin: -31.8%
Net margin: -80.9%
Return on equity, FY2025: -25.7%

Financial strength

Current ratio: 6.59
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 294.1%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –