Taoping Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 30.82M, using the latest reported figures. The previous period, 2024, was about USD 36.67M.

Watchlist

Latest fiscal year

Revenue

30.8 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-29.96%

2025 · %

Exact inputs and evidence
  • Operating Income: -9233676 USD Source
  • Revenue: 30816535 USD Source

Operating cash flow

-2.55 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2551230 USD Source

Free cash flow

-3.9 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2551230 USD Source
  • Capital Expenditure: 1349319 USD Source
Cash and cash equivalents
2.1 million USD Source
Exact value

2100000 USD

Long-term debt including current maturities
5.73 million USD Source
Exact value

5733552 USD

Shares outstanding
473 thousand shares Source
Exact value

472764 shares

Reported share-count change

-83.65% · -2.42 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 2891822 shares · 2023-12-31· Source
  • 472764 shares · 2024-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-09-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -16%

    Prior period

    USD 36.67 million

    –

    Current period

    USD 30.82 million

    –

    Exact inputs and evidence

    30816535 − 36672512 = -5855977 USD

    36672512 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    30816535 USD · 2025-01-01 – 2025-12-31

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  • Net income

    −USD 8.24 million

    Prior period

    −USD 1.82 million

    –

    Current period

    −USD 10.06 million

    –

    Exact inputs and evidence

    -10061723 − -1819387 = -8242336 USD

    -1819387 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -10061723 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 166,642

    Prior period

    −USD 2.38 million

    –

    Current period

    −USD 2.55 million

    –

    Exact inputs and evidence

    -2551230 − -2384588 = -166642 USD

    -2384588 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -2551230 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +28.1%

    Prior period

    USD 1.05 million

    –

    Current period

    USD 1.35 million

    –

    Exact inputs and evidence

    1349319 − 1053587 = 295732 USD

    1053587 USD · 2024-01-01 – 2024-12-31

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    1349319 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 30.82 million 100% of revenue
  • Operating costs Derived USD 40.05 million 130% of revenue
  • Operating income −USD 9.23 million −30% of revenue
  • Tax, interest and other Derived USD 828,047 2.7% of revenue
  • Net income −USD 10.06 million −33% of revenue

Cash

  • Operating cash flow −USD 2.55 million −8.3% of revenue
  • Capital expenditure USD 1.35 million 4.4% of revenue
  • Free cash flow Derived −USD 3.9 million −13% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Operating loss: operating costs were 243% of revenue.
  • 2017 Operating loss: operating costs were 102% of revenue.
  • 2018 Net income was higher than operating income, so the split is not drawn.
  • 2019 Operating loss: operating costs were 130% of revenue.
  • 2020 Operating loss: operating costs were 257% of revenue.
  • 2021 Operating loss: operating costs were 542% of revenue.
  • 2022 Operating loss: operating costs were 113% of revenue.
  • 2023 Operating loss: operating costs were 101% of revenue.
  • 2024 Operating loss: operating costs were 104% of revenue.
  • 2025 Operating loss: operating costs were 130% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3110193590 24771518 Derived -14577928 3592673 Derived -18170601 -6284968 Derived
Source
2017 2017-01-01 – 2017-12-3118189274 18639977 Derived -450703 -1309308 Derived 858605 757185 Derived
Source
2018 2018-01-01 – 2018-12-3120578340 20409516 Derived 168824 -1523159 Derived 1691983 676292 Derived
Source
2019 2019-01-01 – 2019-12-3113791303 17963464 Derived -4172161 -589829 Derived -3582332 -3301429 Derived
Source
2020 2020-01-01 – 2020-12-3111062775 28429504 Derived -17366729 328046 Derived -17694775 -3451202 Derived
Source
2021 2021-01-01 – 2021-12-312294400 12435156 Derived -10140756 -215897 Derived -9924859 -27443460 Derived
Source
2022 2022-01-01 – 2022-12-3124233463 27399100 Derived -3165637 3916010 Derived -7081647 -9305040 Derived
Source
2023 2023-01-01 – 2023-12-3138635635 38833333 Derived -197698 500243 Derived -697941 -3535630 Derived
Source
2024 2024-01-01 – 2024-12-3136672512 38281074 Derived -1608562 210825 Derived -1819387 -3438175 Derived
Source
2025 2025-01-01 – 2025-12-3130816535 40050211 Derived -9233676 828047 Derived -10061723 -3900549 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 30.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.41.7M31.3M20.9M10.4M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue10193590
2017Revenue18189274
2018Revenue20578340
2019Revenue13791303
2020Revenue11062775
2021Revenue2294400
2022Revenue24233463
2023Revenue38635635
2024Revenue36672512
2025Revenue30816535

Revenue growth

Change in revenue from the same financial period one year earlier.

-16% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1,039%739%438%138%-162%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-0.9%
2017Year over year78.4%
2018Year over year13.1%
2019Year over year-33%
2020Year over year-19.8%
2021Year over year-79.3%
2022Year over year956.2%
2023Year over year59.4%
2024Year over year-5.1%
2025Year over year-16%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -30% 2025
Net margin -32.7% 2025
Free cash flow margin -12.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.105%-245%-594%-943%-1,292%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin-143%
2017Operating margin-2.5%
2018Operating margin0.8%
2019Operating margin-30.3%
2020Operating margin-157%
2021Operating margin-442%
2022Operating margin-13.1%
2023Operating margin-0.5%
2024Operating margin-4.4%
2025Operating margin-30%
2016Net margin-178.3%
2017Net margin4.7%
2018Net margin8.2%
2019Net margin-26%
2020Net margin-159.9%
2021Net margin-432.6%
2022Net margin-29.2%
2023Net margin-1.8%
2024Net margin-5%
2025Net margin-32.7%
2016Free cash flow margin-61.7%
2017Free cash flow margin4.2%
2018Free cash flow margin3.3%
2019Free cash flow margin-23.9%
2020Free cash flow margin-31.2%
2021Free cash flow margin-1,196.1%
2022Free cash flow margin-38.4%
2023Free cash flow margin-9.2%
2024Free cash flow margin-9.4%
2025Free cash flow margin-12.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -2.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.2M195.4K-5.8M-11.8M-17.8M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow-2821053
2017Operating cash flow4540249
2018Operating cash flow2473802
2019Operating cash flow-1682104
2020Operating cash flow-1782839
2021Operating cash flow-16149498
2022Operating cash flow-7511698
2023Operating cash flow-2326017
2024Operating cash flow-2384588
2025Operating cash flow-2551230

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -3.9M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0M-5.2M-13.3M-21.5M-29.7M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow-6284968
2017Free cash flow757185
2018Free cash flow676292
2019Free cash flow-3301429
2020Free cash flow-3451202
2021Free cash flow-27443460
2022Free cash flow-9305040
2023Free cash flow-3535630
2024Free cash flow-3438175
2025Free cash flow-3900549

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

50.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.105%78%52%26%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets62.7%
2017Liabilities / assets61.3%
2018Liabilities / assets57.7%
2019Liabilities / assets64%
2020Liabilities / assets96.8%
2021Liabilities / assets59.2%
2022Liabilities / assets67.1%
2023Liabilities / assets61.1%
2024Liabilities / assets54.8%
2025Liabilities / assets50.5%

Current assets to current liabilities

Current assets divided by current liabilities.

1.87× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.37×1.77×1.18×0.59×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities0.73×
2017Current assets / current liabilities0.94×
2018Current assets / current liabilities1.2×
2019Current assets / current liabilities0.73×
2020Current assets / current liabilities0.42×
2021Current assets / current liabilities1.14×
2022Current assets / current liabilities0.99×
2023Current assets / current liabilities1.26×
2024Current assets / current liabilities2.19×
2025Current assets / current liabilities1.87×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 18.17 million
Exact value

Exact value: -18170601 USD

2016-01-01 – 2016-12-31: -18170601 USD Inspect Net Income Open source
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−USD 2.82 million
Exact value

Exact value: -2821053 USD

2016-01-01 – 2016-12-31: -2821053 USD Inspect Operating Cash Flow Open source
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USD 3.46 million
Exact value

Exact value: 3463915 USD

2016-01-01 – 2016-12-31: 3463915 USD Inspect Capital Expenditure Open source
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−USD 6.28 million
Calculation and evidence

-2821053 − 3463915 USD

Exact free cash flow: -6284968 USD

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2017 2017-01-01 – 2017-12-31
USD 858,605
Exact value

Exact value: 858605 USD

2017-01-01 – 2017-12-31: 858605 USD Inspect Net Income Open source
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USD 4.54 million
Exact value

Exact value: 4540249 USD

2017-01-01 – 2017-12-31: 4540249 USD Inspect Operating Cash Flow Open source
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USD 3.78 million
Exact value

Exact value: 3783064 USD

2017-01-01 – 2017-12-31: 3783064 USD Inspect Capital Expenditure Open source
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USD 757,185
Calculation and evidence

4540249 − 3783064 USD

Exact free cash flow: 757185 USD

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2018 2018-01-01 – 2018-12-31
USD 1.69 million
Exact value

Exact value: 1691983 USD

2018-01-01 – 2018-12-31: 1691983 USD Inspect Net Income Open source
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USD 2.47 million
Exact value

Exact value: 2473802 USD

2018-01-01 – 2018-12-31: 2473802 USD Inspect Operating Cash Flow Open source
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USD 1.8 million
Exact value

Exact value: 1797510 USD

2018-01-01 – 2018-12-31: 1797510 USD Inspect Capital Expenditure Open source
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USD 676,292
Calculation and evidence

2473802 − 1797510 USD

Exact free cash flow: 676292 USD

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2019 2019-01-01 – 2019-12-31
−USD 3.58 million
Exact value

Exact value: -3582332 USD

2019-01-01 – 2019-12-31: -3582332 USD Inspect Net Income Open source
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−USD 1.68 million
Exact value

Exact value: -1682104 USD

2019-01-01 – 2019-12-31: -1682104 USD Inspect Operating Cash Flow Open source
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USD 1.62 million
Exact value

Exact value: 1619325 USD

2019-01-01 – 2019-12-31: 1619325 USD Inspect Capital Expenditure Open source
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−USD 3.3 million
Calculation and evidence

-1682104 − 1619325 USD

Exact free cash flow: -3301429 USD

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2020 2020-01-01 – 2020-12-31
−USD 17.69 million
Exact value

Exact value: -17694775 USD

2020-01-01 – 2020-12-31: -17694775 USD Inspect Net Income Open source
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−USD 1.78 million
Exact value

Exact value: -1782839 USD

2020-01-01 – 2020-12-31: -1782839 USD Inspect Operating Cash Flow Open source
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USD 1.67 million
Exact value

Exact value: 1668363 USD

2020-01-01 – 2020-12-31: 1668363 USD Inspect Capital Expenditure Open source
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−USD 3.45 million
Calculation and evidence

-1782839 − 1668363 USD

Exact free cash flow: -3451202 USD

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2021 2021-01-01 – 2021-12-31
−USD 9.92 million
Exact value

Exact value: -9924859 USD

2021-01-01 – 2021-12-31: -9924859 USD Inspect Net Income Open source
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−USD 16.15 million
Exact value

Exact value: -16149498 USD

2021-01-01 – 2021-12-31: -16149498 USD Inspect Operating Cash Flow Open source
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USD 11.29 million
Exact value

Exact value: 11293962 USD

2021-01-01 – 2021-12-31: 11293962 USD Inspect Capital Expenditure Open source
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−USD 27.44 million
Calculation and evidence

-16149498 − 11293962 USD

Exact free cash flow: -27443460 USD

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2022 2022-01-01 – 2022-12-31
−USD 7.08 million
Exact value

Exact value: -7081647 USD

2022-01-01 – 2022-12-31: -7081647 USD Inspect Net Income Open source
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−USD 7.51 million
Exact value

Exact value: -7511698 USD

2022-01-01 – 2022-12-31: -7511698 USD Inspect Operating Cash Flow Open source
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USD 1.79 million
Exact value

Exact value: 1793342 USD

2022-01-01 – 2022-12-31: 1793342 USD Inspect Capital Expenditure Open source
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−USD 9.31 million
Calculation and evidence

-7511698 − 1793342 USD

Exact free cash flow: -9305040 USD

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2023 2023-01-01 – 2023-12-31
−USD 697,941
Exact value

Exact value: -697941 USD

2023-01-01 – 2023-12-31: -697941 USD Inspect Net Income Open source
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−USD 2.33 million
Exact value

Exact value: -2326017 USD

2023-01-01 – 2023-12-31: -2326017 USD Inspect Operating Cash Flow Open source
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USD 1.21 million
Exact value

Exact value: 1209613 USD

2023-01-01 – 2023-12-31: 1209613 USD Inspect Capital Expenditure Open source
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−USD 3.54 million
Calculation and evidence

-2326017 − 1209613 USD

Exact free cash flow: -3535630 USD

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2024 2024-01-01 – 2024-12-31
−USD 1.82 million
Exact value

Exact value: -1819387 USD

2024-01-01 – 2024-12-31: -1819387 USD Inspect Net Income Open source
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−USD 2.38 million
Exact value

Exact value: -2384588 USD

2024-01-01 – 2024-12-31: -2384588 USD Inspect Operating Cash Flow Open source
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USD 1.05 million
Exact value

Exact value: 1053587 USD

2024-01-01 – 2024-12-31: 1053587 USD Inspect Capital Expenditure Open source
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−USD 3.44 million
Calculation and evidence

-2384588 − 1053587 USD

Exact free cash flow: -3438175 USD

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2025 2025-01-01 – 2025-12-31
−USD 10.06 million
Exact value

Exact value: -10061723 USD

2025-01-01 – 2025-12-31: -10061723 USD Inspect Net Income Open source
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−USD 2.55 million
Exact value

Exact value: -2551230 USD

2025-01-01 – 2025-12-31: -2551230 USD Inspect Operating Cash Flow Open source
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USD 1.35 million
Exact value

Exact value: 1349319 USD

2025-01-01 – 2025-12-31: 1349319 USD Inspect Capital Expenditure Open source
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−USD 3.9 million
Calculation and evidence

-2551230 − 1349319 USD

Exact free cash flow: -3900549 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

167 filings · 1,899 latest values · 1,899 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001552670, 1552670, TAOP, cnit, edgar:1552670

Also known as China Information Technology, Inc., TAOPING INC., Taoping Inc., Taoping Inc.