TAOP

MKT CAP:$1M

Taoping Inc.

Market Cap

$1M

Technology·Software - Infrastructure·🇭🇰 Hong Kong·NASDAQ

Technology·Software Infra·🇭🇰·NASDAQ

Stock Price

$1.23-$0.16 (-11.51%)

Apr 22, 2026

Company Details

Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. I...

CEO

Jianghuai Lin

IPO Date

Sep 22, 2006

Website

www.taop.com

Key Metrics TTM

Revenue

$36M

-15.1% YoY

Net Income

-$7M

EPS (Diluted)

-$15.40

Free Cash Flow

-$3M

Revenue / Share

$50.59

Gross Margin

14.9%

Operating Margin

-15.7%

Net Margin

-19.6%

FCF Margin

-8.1%

P/S

0.0x

P/E

—

Earnings Reports

Q2 2025

Oct 1, 2025

$9M-2.6%EPS -$3.27

Q1 2025

Mar 31, 2025

$9M-2.6%EPS -$3.27

Q4 2024

Apr 29, 2025

$9M-24.3%EPS -$4.43

Q3 2024

Sep 30, 2024

$9M-24.3%EPS -$4.43

Q2 2024

Sep 5, 2024

$9M+28.4%EPS $0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$9M	$3M	$2M
Q4 21	$18M	$7M	$5M
Q1 22	$4M	$1M	-$1M
Q2 22	$11M	$4M	-$4M
Q3 22	$8M	$2M	-$177.6K
Q4 22	$8M	$2M	-$177.6K
Q1 23	$7M	$2M	-$838.1K
Q2 23	$7M	$2M	-$838.1K
Q3 23	$12M	$2M	$739.3K
Q4 23	$12M	$2M	$739.3K
Q1 24	$9M	$2M	-$62.2K
Q2 24	$9M	$2M	-$62.2K
Q3 24	$9M	$2M	-$742.1K
Q4 24	$9M	$2M	-$742.1K
Q1 25	$9M	$887.2K	-$2M
Q2 25	$9M	$887.2K	-$2M

Valuation

Quarter	P/S	P/E
Q3 21	0.1x	—
Q4 21	0.0x	—
Q1 22	0.0x	—
Q2 22	0.0x	0.4x
Q3 22	0.0x	0.7x
Q4 22	0.0x	—
Q1 23	0.0x	—
Q2 23	0.0x	—
Q3 23	0.0x	—
Q4 23	0.0x	—
Q1 24	0.0x	1.7x
Q2 24	0.0x	0.6x
Q3 24	0.0x	—
Q4 24	0.0x	—
Q1 25	0.0x	—
Q2 25	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$89.3K	-$5M
Q4 21	$178.6K	-$10M
Q1 22	-$3M	-$4M
Q2 22	-$5M	-$7M
Q3 22	-$1M	-$1M
Q4 22	-$1M	-$1M
Q1 23	-$335.1K	-$617.3K
Q2 23	-$335.1K	-$617.3K
Q3 23	-$827.9K	-$1M
Q4 23	-$827.9K	-$1M
Q1 24	-$1M	-$2M
Q2 24	-$1M	-$2M
Q3 24	$73.7K	-$64.7K
Q4 24	$73.7K	-$64.7K
Q1 25	-$739.2K	-$1M
Q2 25	-$739.2K	-$1M

Capital Expenditures

Quarter	CapEx
Q3 21	$5M
Q4 21	$11M
Q1 22	$1M
Q2 22	$2M
Q3 22	$152.8K
Q4 22	$152.8K
Q1 23	$282.2K
Q2 23	$282.2K
Q3 23	$322.7K
Q4 23	$322.7K
Q1 24	$388.4K
Q2 24	$388.4K
Q3 24	$138.4K
Q4 24	$138.4K
Q1 25	$668.6K
Q2 25	$668.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+151.5%	-21.7%
Q4 21	+402.9%	+52.4%
Q1 22	+13.6%	-50.3%
Q2 22	+64.0%	-30.9%
Q3 22	-8.1%	+27.9%
Q4 22	-54.0%	-33.5%
Q1 23	+92.8%	+55.8%
Q2 23	-33.2%	-44.0%
Q3 23	+45.0%	+33.5%
Q4 23	+45.0%	+33.5%
Q1 24	+28.4%	+15.5%
Q2 24	+28.4%	+15.5%
Q3 24	-24.3%	-13.0%
Q4 24	-24.3%	-13.0%
Q1 25	-2.6%	+19.7%
Q2 25	-2.6%	+19.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	-$977.8K	-10.6%
Q4 21	-$977.8K	-5.3%
Q1 22	$7.3K	0.2%
Q2 22	$7.3K	0.1%
Q3 22	$4.3K	0.1%
Q4 22	$4.3K	0.1%
Q1 23	$696.3K	9.9%
Q2 23	$696.3K	9.9%
Q3 23	$85.7K	0.7%
Q4 23	$85.7K	0.7%
Q1 24	$68.0K	0.8%
Q2 24	$68.0K	0.8%
Q3 24	$410.2K	4.4%
Q4 24	$410.2K	4.4%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$1M	$361.9K	$250.5K
Q4 21	$2M	$2M	$250.5K
Q1 22	$1M	$2M	$171.6K
Q2 22	$2M	$2M	$171.6K
Q3 22	$778.0K	$2M	$147.9K
Q4 22	$778.0K	$2M	$147.9K
Q1 23	$792.9K	$2M	$107.6K
Q2 23	$792.9K	$2M	$107.6K
Q3 23	$690.6K	$925.2K	$133.6K
Q4 23	$690.6K	$925.2K	$133.6K
Q1 24	$612.1K	$1M	$129.5K
Q2 24	$612.1K	$1M	$129.5K
Q3 24	$599.9K	$2M	$243.1K
Q4 24	$599.9K	$2M	$243.1K
Q1 25	$399.6K	$2M	$229.3K
Q2 25	$399.6K	$2M	$229.3K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 21	151.5%	32.0%	183.5
Q4 21	402.9%	12.6%	415.5
Q1 22	13.6%	-10.8%	2.8
Q2 22	64.0%	24.8%	88.8
Q3 22	-8.1%	6.9%	-1.2
Q4 22	-54.0%	6.9%	-47.2
Q1 23	92.8%	-2.6%	90.2
Q2 23	-33.2%	-2.6%	-35.8
Q3 23	45.0%	10.8%	55.9
Q4 23	45.0%	10.8%	55.9
Q1 24	28.4%	5.9%	34.3
Q2 24	28.4%	5.9%	34.3
Q3 24	-24.3%	-3.0%	-27.3
Q4 24	-24.3%	-3.0%	-27.3
Q1 25	-2.6%	-19.1%	-21.8
Q2 25	-2.6%	-19.1%	-21.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 21	$5M	$0	$5M
Q4 21	$5M	$0	$5M
Q1 22	$753.7K	$0	$753.7K
Q2 22	$753.7K	$0	$753.7K
Q3 22	$1M	$0	$1M
Q4 22	$1M	$0	$1M
Q1 23	$460.1K	$0	$460.1K
Q2 23	$460.1K	$0	$460.1K
Q3 23	$1M	$0	$1M
Q4 23	$1M	$0	$1M
Q1 24	$480.3K	$0	$480.3K
Q2 24	$480.3K	$0	$480.3K
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$2M	$0	$2M
Q2 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	2M	+39.6%	+95.8%
Q4 21	2M	+3.3%	+102.2%
Q1 22	2M	+2.1%	+47.2%
Q2 22	2M	-3.3%	+42.4%
Q3 22	2M	+3.6%	+5.7%
Q4 22	2M	0.0%	+2.3%
Q1 23	2M	+3.2%	+3.4%
Q2 23	2M	0.0%	+6.9%
Q3 23	2M	+33.3%	+37.6%
Q4 23	2M	0.0%	+37.6%
Q1 24	5M	+109.0%	+178.6%
Q2 24	5M	0.0%	+178.6%
Q3 24	276K	-94.0%	-87.4%
Q4 24	276K	0.0%	-87.4%
Q1 25	716K	+159.2%	-84.3%
Q2 25	716K	0.0%	-84.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$158.8K	58
Q4 21	$242.4K	76
Q1 22	$48.0K	76
Q2 22	$138.6K	76
Q3 22	$111.4K	76
Q4 22	$134.4K	63
Q1 23	$111.7K	63
Q2 23	$111.7K	63
Q3 23	$194.9K	63
Q4 23	$219.3K	56
Q1 24	$161.4K	56
Q2 24	$161.4K	56
Q3 24	$166.0K	56
Q4 24	$281.7K	33
Q1 25	$266.7K	33
Q2 25	$266.7K	33

Revenue / Employee