TAOPNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Taoping Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$0.33+0.02 (+4.83%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
151.3%+115.6 pts over 5 years
Operating margin
-414.6%−257.6 pts over 5 years
Net margin
-451.8%−291.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +218.6% | -54.9% | -27.4% | -14.2% | |
| Gross profit | -56.6% | -22.5% | -3.1% | -1.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -149.0% | 1476.5% | -56.8% | |
| Return on assets | -36.2% | -49.6% | -27.0% | |
| Current ratio | 0.73 | 0.42 | 1.87 | |
| Interest coverage | -29.2× | -17.1× | -9.4× | |
| Inventory turnover | 4.2× | 25.5× | -0.3× | |
| Capex to revenue | 34.0% | 15.1% | 60.6% | |
| Diluted shares | 1M | 1M | 1M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Taoping generated $30.92M from operations and spent $16.70M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$30.92M
Used
$16.70M
Capital expenditure$16.70M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-451.8%
×Asset turnover0.06×
×Equity multiplier2.11×
=Return on equity, FY2025-56.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -451.8% | 0.06× | 2.11× | -56.8% |
| FY2024 | -260.3% | 0.02× | 2.37× | -12.7% |
| FY2023 | -240.7% | 0.01× | 2.77× | -6.2% |
| FY2022 | -29.2% | 0.63× | 2.65× | -49.1% |
| FY2021 | -432.6% | 0.06× | 6.73× | -171.3% |
| FY2020 | -159.9% | 0.31× | -29.79× | 1476.5% |
| FY2019 | -26.0% | 0.34× | 6.08× | -53.0% |
| FY2018 | 8.2% | 0.52× | 5.80× | 24.8% |
| FY2017 | 4.7% | 0.51× | 7.90× | 18.9% |
| FY2016 | -178.3% | 0.20× | 4.12× | -149.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$10.06M
- Cash generatingOperating cash flow above zero-$2.55M
- Return on assets improvedROA up on the prior year-5.5% → -28.6%
- Earnings backed by cashOperating cash flow above net income-$2.55M vs -$10.06M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.19 → 1.87
- No dilutionShare count did not rise0M → 1M
- Gross margin improvedGross margin up on the prior year1111.65% → 151.27%
- More efficientAsset turnover rose0.02 → 0.06