TANH

MKT CAP:$2M

Tantech Holdings Ltd

Market Cap

$2M

Consumer Defensive·Household & Personal Products·🇨🇳 China·NASDAQ

Consumer Def.·Household·🇨🇳·NASDAQ

Stock Price

$0.35-$0.65 (-65.24%)

Apr 17, 2026

Company Details

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic...

CEO

Wangfeng Yan

IPO Date

Mar 24, 2015

Website

www.tantech.cn

Key Metrics TTM

Revenue

$95M

-0.1% YoY

Net Income

$8M

EPS (Diluted)

$10.74

Free Cash Flow

$65M

Revenue / Share

$579.22

Gross Margin

20.9%

Operating Margin

5.1%

Net Margin

8.2%

FCF Margin

68.5%

P/S

0.0x

P/E

0.3x

Earnings Reports

Q2 2024

Dec 31, 2024

$22M+9.0%EPS $7.94

FY 2023

Jun 11, 2024

$47MEPS $107.93

Q4 2023

Jun 11, 2024

$28M+4.2%EPS $0.98

Q2 2023

Dec 5, 2023

$20M-27.0%EPS $1.06

Q4 2022

May 1, 2023

$26MEPS $0.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 13	$24M	$7M	$5M
Q4 13	$37M	$10M	$7M
Q2 14	$27M	$9M	$7M
Q4 14	$38M	$12M	$10M
Q2 15	$30M	$10M	$6M
Q4 15	$28M	$7M	$5M
Q2 16	$23M	$6M	$2M
Q4 16	$25M	$8M	$4M
Q2 20	$23M	$3M	$2M
Q2 21	$21M	$4M	-$6M
Q2 22	$27M	$5M	$3M
Q4 22	$26M	$5M	$1M
Q2 23	$20M	$4M	$2M
Q4 23	$28M	$6M	-$61.8K
Q2 24	$22M	$5M	$2M

Valuation

Quarter	P/S	P/E
Q2 13	—	—
Q4 13	—	—
Q2 14	—	—
Q4 14	51.9x	279.1x
Q2 15	118.9x	642.3x
Q4 15	36.6x	203.2x
Q2 16	32.7x	210.9x
Q4 16	18.8x	157.3x
Q2 20	16.1x	175.5x
Q2 21	18.0x	—
Q2 22	2.6x	—
Q4 22	2.5x	—
Q2 23	4.2x	—
Q4 23	0.1x	0.7x
Q2 24	0.1x	1.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 13	-$4M	-$4M
Q4 13	$2M	-$3M
Q2 14	$5M	$5M
Q4 14	-$3M	-$4M
Q2 15	$3M	$3M
Q4 15	$1M	$1M
Q2 16	-$9M	-$9M
Q4 16	$2M	$2M
Q2 20	$2M	$2M
Q2 21	-$2M	-$2M
Q2 22	-$48M	-$48M
Q4 22	$56M	$56M
Q2 23	-$901.9K	-$1M
Q4 23	$6M	$6M
Q2 24	$4M	$4M

Capital Expenditures

Quarter	CapEx
Q2 13	$37.0K
Q4 13	$4M
Q2 14	$9.0K
Q4 14	$2M
Q2 15	$71.6K
Q4 15	$171.0K
Q2 16	$3.5K
Q4 16	$7.3K
Q2 20	$9.5K
Q2 21	$5.1K
Q2 22	$21.9K
Q4 22	$60.1K
Q2 23	$184.8K
Q4 23	$1.8K
Q2 24	$12.8K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 15	+27.8%	+29.4%
Q4 15	-24.0%	-20.6%
Q2 16	-16.3%	+0.3%
Q4 16	-35.0%	-25.0%
Q2 20	-24.7%	-14.6%
Q2 21	-27.4%	+10.2%
Q2 22	+18.6%	+17.0%
Q4 22	+6.4%	+19.4%
Q2 23	-13.8%	-15.4%
Q4 23	+33.7%	+4.8%
Q2 24	-20.3%	-16.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 13	$0	0.0%
Q4 13	$0	0.0%
Q2 14	$0	0.0%
Q4 14	$0	0.0%
Q2 15	$0	0.0%
Q4 15	$0	0.0%
Q2 16	$0	0.0%
Q4 16	$0	0.0%
Q2 20	$33.8K	0.1%
Q2 21	$2M	8.9%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 13	$97.6K	$2M	$591.3K
Q4 13	$634.1K	$2M	$699.1K
Q2 14	$311.9K	$847.0K	$561.0K
Q4 14	$433.7K	$792.3K	$520.4K
Q2 15	$705.0K	$3M	$436.2K
Q4 15	$379.8K	$2M	$423.0K
Q2 16	$272.6K	$3M	$386.1K
Q4 16	$206.8K	$3M	$364.3K
Q2 20	$302.6K	$763.9K	$201.2K
Q2 21	$6M	$1M	$122.0K
Q2 22	$236.6K	$2M	$145.1K
Q4 22	—	$3M	$132.9K
Q2 23	$15.7K	$2M	$118.0K
Q4 23	$455.5K	$6M	$110.1K
Q2 24	$35.6K	$3M	$60.4K

Revenue by Geography

Quarter	C
Q2 20	$23M
Q2 21	$21M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 17	$10M	$0	$10M
Q2 18	$12M	$0	$12M
Q4 18	$8M	$0	$8M
Q2 19	$15M	$0	$15M
Q4 19	$12M	$0	$12M
Q2 20	$15M	$0	$15M
Q4 20	$37M	$0	$37M
Q2 21	$41M	$0	$41M
Q4 21	$43M	$0	$43M
Q2 22	$11M	$0	$11M
Q4 22	$19M	$0	$19M
Q2 23	$25M	$0	$25M
Q4 23	$29M	$0	$29M
Q2 24	$34M	$0	$34M
Q4 24	$35M	$0	$35M
Q2 25	$32M	$0	$32M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 13	208K	—	—
Q4 13	208K	0.0%	—
Q2 14	208K	0.0%	—
Q4 14	141K	-32.4%	—
Q2 15	88K	-37.6%	-57.9%
Q4 15	89K	+1.6%	-57.2%
Q2 16	95K	+6.2%	-54.5%
Q4 16	97K	+2.6%	-31.0%
Q2 20	120K	+23.8%	+37.0%
Q2 21	155K	+29.0%	+74.0%
Q2 22	789K	+408.5%	+733.6%
Q4 22	1M	+54.3%	+1153.8%
Q2 23	2M	+56.3%	+1482.6%
Q4 23	4M	+90.7%	+2239.2%
Q2 24	165K	-95.5%	-79.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 13	—	—
Q4 13	—	—
Q2 14	—	—
Q4 14	$230.5K	166
Q2 15	$183.1K	166
Q4 15	$174.4K	163
Q2 16	$139.8K	163
Q4 16	$177.7K	140
Q2 20	$586.9K	39
Q2 21	$529.1K	39
Q2 22	$529.9K	51
Q4 22	$518.9K	51
Q2 23	$387.1K	51
Q4 23	$452.1K	61
Q2 24	$352.9K	61

Revenue / Employee