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Taoping Inc. (TAOP) stock

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NASDAQ: TAOP Nasdaq Application Software

D Fundamentals grade

Taoping Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: share count (1m) is 0.13x the cover-page count (10m).

Price vs value

Under review: share count (1m) is 0.13x the cover-page count (10m). We'll show the comparison once resolved.

Taoping Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Taoping files

Where Taoping stands after its latest Filing

Revenue for the twelve months was $31m, down 16.0% on a year earlier, a steeper fall than the 5.1% decline a quarter earlier. That puts it 173 of 183 for growth among the application software companies we cover. Free-cash-flow margin rose to -12.7% from -141.5% a year earlier. Operating margin widened to -30.0% from -52.3%. The diluted share count is up 433.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks.

Our model value for Taoping is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Taoping Inc.'s trailing-twelve-month revenue fell 16.0% year on year, with a free-cash-flow margin of -12.7%. Where it lags: change in share count of 433.7% ranks 163 of 163 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 13.4% while net income fell 453.0%: a 440pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Taoping Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 16.0% over the last 12 months.
  • Growth slowing. The growth rate is 10.9 points lower than a quarter earlier.
  • Loss-making. Operating margin is -30.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 25.6 points on a year ago.
  • Burning cash. Free cash flow was -12.7% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 433.7% in a year.

Price chart

  • 1 day+3.0%
  • 1 week0.0%
  • 1 month-17.1%
  • This year-75.7%
  • 1 year-86.1%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$30.8M
Operating margin
-30.0%
Net margin
-32.7%
EPS (TTM, diluted)
$-7.88

Growth

Revenue growth
−16.0%
Change in growth rate
−10.9 pts
Share count change
+433.7%

Cash

Free cash flow (TTM)
-$3.9M
FCF margin
-12.7%
Stock pay % of revenue
4.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TAOP from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Taoping Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (1m) is 0.13x the cover-page count (10m): held for review.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025
Share price$1296.00$2664.00$2160.00$1008.00$852.00$567.00$195.00$43.50$12.60$1.40
Market value$29m$60m$50m$23m$21m$25m$10m$4m$3m$2m
+ Net debt (− = net cash)−$4m$12m$11m$12m$12m$11m$13m$16m$7m$14m
Enterprise value$25m$72m$60m$35m$32m$36m$24m$20m$10m$15m
Multiples
Price / sales 2.8x3.3x2.4x1.7x1.9x1.3x0.4x0.1x0.1x0.1x
Price / earnings —69.5x29.5x———————
Price / free cash flow —78.8x73.8x———————
EV / EBITDA —30.0x15.7x———62.6x8.5x24.2x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Taoping Inc.: too few analysts cover it.

Positioning

Short interest
0.5%
of tradable shares
Days to cover
0.14
at average volume
Short interest, 1 month
+144%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
75.5%
of shares
Employees
118
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TAOP−34%−66%−78%−71%−89%−76%
Industry peers (median)−7%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TAOP33%17%25%33%8%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TAOP−87%−72%−86%−83%−89%−83%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from January 11, 2018 to October 16, 2026. Getting back needed a 1687400% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.32 – $2.84
From 52-week high
−88.0%
vs 50-day average
−39.5%
vs 200-day average
−69.6%
Volatility (1 year)
105%
Beta vs S&P 500
0.27

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Taoping Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Taoping Inc.
$0 $10M $20M $30M $40M FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $38.6M Revenue (TTM), FY15 Q4: $10.3M Revenue (TTM), FY16 Q4: $10.2M Revenue (TTM), FY17 Q4: $18.2M Revenue (TTM), FY18 Q4: $20.6M Revenue (TTM), FY19 Q4: $13.8M Revenue (TTM), FY20 Q4: $11.1M Revenue (TTM), FY21 Q4: $19.4M Revenue (TTM), FY22 Q4: $24.2M Revenue (TTM), FY23 Q4: $38.6M Revenue (TTM), FY24 Q4: $36.7M Revenue (TTM), FY25 Q4: $30.8M $30.8M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $38.6M
FY15 Q4 $10.3M
FY16 Q4 $10.2M
FY17 Q4 $18.2M
FY18 Q4 $20.6M
FY19 Q4 $13.8M
FY20 Q4 $11.1M
FY21 Q4 $19.4M
FY22 Q4 $24.2M
FY23 Q4 $38.6M
FY24 Q4 $36.7M
FY25 Q4 $30.8M
Revenue growth, TTM YoY Taoping Inc.
-100% -50% 0% 50% 100% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: -30.3% Revenue growth, TTM YoY, FY15 Q4: -73.4% Revenue growth, TTM YoY, FY16 Q4: -0.9% Revenue growth, TTM YoY, FY17 Q4: 78.4% Revenue growth, TTM YoY, FY18 Q4: 13.1% Revenue growth, TTM YoY, FY19 Q4: -33.0% Revenue growth, TTM YoY, FY20 Q4: -19.8% Revenue growth, TTM YoY, FY21 Q4: 75.3% Revenue growth, TTM YoY, FY22 Q4: 25.0% Revenue growth, TTM YoY, FY23 Q4: 59.4% Revenue growth, TTM YoY, FY24 Q4: -5.1% Revenue growth, TTM YoY, FY25 Q4: -16.0% -16.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 -30.3%
FY15 Q4 -73.4%
FY16 Q4 -0.9%
FY17 Q4 78.4%
FY18 Q4 13.1%
FY19 Q4 -33.0%
FY20 Q4 -19.8%
FY21 Q4 75.3%
FY22 Q4 25.0%
FY23 Q4 59.4%
FY24 Q4 -5.1%
FY25 Q4 -16.0%
Operating margin (TTM) Taoping Inc.
-300% -200% -100% 0% 100% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: -61.9% Operating margin (TTM), FY15 Q4: -262.2% Operating margin (TTM), FY16 Q4: -143.0% Operating margin (TTM), FY17 Q4: -2.5% Operating margin (TTM), FY18 Q4: 0.8% Operating margin (TTM), FY19 Q4: -30.3% Operating margin (TTM), FY20 Q4: -157.0% Operating margin (TTM), FY21 Q4: -52.3% Operating margin (TTM), FY22 Q4: -13.1% Operating margin (TTM), FY23 Q4: -0.5% Operating margin (TTM), FY24 Q4: -4.4% Operating margin (TTM), FY25 Q4: -30.0% -30.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 -61.9%
FY15 Q4 -262.2%
FY16 Q4 -143.0%
FY17 Q4 -2.5%
FY18 Q4 0.8%
FY19 Q4 -30.3%
FY20 Q4 -157.0%
FY21 Q4 -52.3%
FY22 Q4 -13.1%
FY23 Q4 -0.5%
FY24 Q4 -4.4%
FY25 Q4 -30.0%
FCF margin (TTM) Taoping Inc.
-300% -200% -100% 0% 100% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: -34.1% FCF margin (TTM), FY15 Q4: -281.2% FCF margin (TTM), FY16 Q4: -61.7% FCF margin (TTM), FY17 Q4: 4.2% FCF margin (TTM), FY18 Q4: 3.3% FCF margin (TTM), FY19 Q4: -23.9% FCF margin (TTM), FY20 Q4: -31.2% FCF margin (TTM), FY21 Q4: -141.5% FCF margin (TTM), FY22 Q4: -38.4% FCF margin (TTM), FY23 Q4: -9.2% FCF margin (TTM), FY24 Q4: -9.4% FCF margin (TTM), FY25 Q4: -12.7% -12.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 -34.1%
FY15 Q4 -281.2%
FY16 Q4 -61.7%
FY17 Q4 4.2%
FY18 Q4 3.3%
FY19 Q4 -23.9%
FY20 Q4 -31.2%
FY21 Q4 -141.5%
FY22 Q4 -38.4%
FY23 Q4 -9.2%
FY24 Q4 -9.4%
FY25 Q4 -12.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 164 115 86 55 39 10 10 18 21 14 11 19 24 39 37 31
Gross profit 71 44 20 10 10 4 3 8 10 7 4 7 7 9 8 3
EBITDA 50 20 −74 −110 −22 −25 −12 2 4 −1 −14 −8 0 2 0 −8
Operating income 43 10 −86 −118 −24 −27 −15 −0 0 −4 −17 −10 −3 −0 −2 −9
Net income 34 8 −90 −119 −29 −8 −18 1 2 −4 −18 −10 −7 −1 −2 −10
Diluted EPS — — — −$7848.00 −$1728.00 −$0.22 −$810.00 $36.00 $72.00 −$162.00 −$720.00 −$225.00 −$134.10 −$7.73 −$7.60 −$7.88
Growth (year on year)
Revenue — −30.1% −24.6% −35.8% −30.3% −73.4% −0.9% +78.4% +13.1% −33.0% −19.8% +75.3% +25.0% +59.4% −5.1% −16.0%
EBITDA — −59.5% −464.1% — — — — — +59.7% −133.1% — — — — −82.8% —
Operating income — −77.6% <−999% — — — — — — — — — — — — —
Net income — −77.0% <−999% — — — — — +97.1% −311.7% — — — — — —
Diluted EPS — — — — — — — — +100.0% −325.0% — — — — — —
Margins
Gross margin 43.1% 38.7% 23.7% 17.2% 27.1% 38.0% 25.4% 45.8% 46.9% 47.9% 35.6% 34.4% 29.8% 22.9% 21.2% 10.9%
EBITDA margin 30.7% 17.8% −85.9% −199.2% −56.4% −246.0% −117.7% 13.2% 18.7% −9.2% −125.5% −40.8% 1.6% 6.0% 1.1% −24.6%
Operating margin 26.0% 8.3% −99.3% −213.3% −61.9% −262.2% −143.0% −2.5% 0.8% −30.3% −157.0% −52.3% −13.1% −0.5% −4.4% −30.0%
Net margin 21.0% 6.9% −103.8% −215.2% −75.7% −73.0% −178.3% 4.7% 8.2% −26.0% −159.9% −51.2% −29.2% −1.8% −5.0% −32.7%
Free-cash-flow margin −1.8% −0.4% −11.6% −23.6% −34.1% −281.2% −61.7% 4.2% 3.3% −23.9% −31.2% −141.5% −38.4% −9.2% −9.4% −12.7%
Cash flow
Cash from operations 27 16 −9 −11 −13 −26 −3 5 2 −2 −2 −16 −8 −2 −2 −3
Capital spending 30 17 1 2 1 3 3 4 2 2 2 11 2 1 1 1
Free cash flow −3 −0 −10 −13 −13 −29 −6 1 1 −3 −3 −27 −9 −4 −3 −4
Stock-based pay 3 0 0 7 0 0 0 1 1 0 0 3 0 1 1 1
Free cash flow after stock pay −6 −0 −10 −20 −13 −29 −7 0 0 −4 −4 −30 −9 −5 −4 −5
Balance sheet
Cash 18 14 11 11 11 4 4 3 2 2 1 5 1 1 2 2
Total debt 0 27 34 27 24 1 0 16 12 13 12 16 14 17 8 16
Net debt (negative = net cash) −18 13 23 15 13 −2 −4 12 11 12 12 11 13 16 7 14
Diluted shares — — — — — — — — — — — — — — — 1m
Returned to shareholders
Buybacks 0 1 0 3 1 1 0 0 — — — — — — — —
Total returned 0 1 0 3 1 1 0 0 — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · December 31, 2025
What it owns · $39m
Short-term assets $26mLonger-term assets $13m
What it owes, and who funded it · $39m
Short-term liabilities $14mLonger-term liabilities $6mShareholders' equity $20m
  • Short-term assets cover short-term liabilities $26m of assets due within a year against $14m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $26m short-term assets against $6m of longer-dated liabilities.
  • More cash than debt $2m of cash against $11m of debt.
  • Debt below 40% of shareholders' equity Debt is 59% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$3m of operating cash flow against $11m of debt.
  • Operating profit covers interest at least five times over Operating income of −$9m against $978,900 of interest.

From Taoping Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+433.7%
year over year
R&D spending
5.6%
of revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated TAOP ZDGE CRGO IDN DTSS TRAK Median
Revenue, last 12 months $31m $32m $29m $24m $41m $23m $482m
Revenue growth, last 12 months −16.0% 7.6% 23.9% 16.7% −43.2% 3.0% 12.0%
Revenue growth, 3-year average −17.8% 5.1% — 11.2% — 6.8% 11.1%
Revenue growth, latest quarter — 4.0% — 16.0% — −3.2% 11.9%
Gross margin 10.9% 85.4% 66.8% 91.1% 10.2% 85.8% 69.2%
Operating margin −30.0% −2.0% −65.0% 11.8% −5.7% 33.7% 1.1%
Operating margin, 3-year average −28.2% −17.4% — 0.8% — 28.6% −0.8%
Net margin −32.7% −0.4% −59.5% 13.0% −5.4% 32.5% 2.1%
Cash from operations / revenue −8.3% 14.4% −30.1% 12.0% 4.9% 35.3% 18.2%
Free-cash-flow margin −12.7% 14.3% −30.6% 11.7% 4.9% 35.2% 15.0%
Free-cash-flow margin, 3-year average −50.0% 15.0% — 5.9% — 35.4% 16.2%
Stock pay / revenue 4.4% 1.7% 14.6% 3.7% 4.5% 1.9% 9.3%
Change in share count 433.7% −5.4% 4.1% 6.0% 45.9% −0.8% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -16.0% 12.0% 174 of 184
Change in growth rate Growth -10.9pp +0.2pp 167 of 184
Gross margin Profitability 10.9% 69.8% 154 of 160
Operating margin Profitability -30.0% 1.1% 139 of 181
Net margin Profitability -32.7% 2.1% 141 of 185
Free-cash-flow margin Cash generation -12.7% 15.2% 140 of 180
Stock pay as % of revenue Cash generation 4.4% 9.3% 38 of 177
Long-term debt as % of assets Balance sheet 14.5% 16.9% 45 of 98
Change in share count Balance sheet 433.7% 1.7% 163 of 163

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$49
Institutions reporting
4
Shares held vs prior quarter
▼ 88.1%
Positions opened / closed
0 / 1

Top buyers and sellers, Q2 2026: 1 institutions bought and 1 sold ; the biggest buyer was Caitong International Asset Management Co., Ltd (+1 shares) and the biggest seller UBS Group AG (−245). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $38 0K 77.6% 0.0%
Sbi Securities Co., Ltd. $6 0K 12.2% 0.0%
Caitong International Asset Management Co., Ltd $3 0K 6.1% ▲ 100.0%
Physician Wealth Advisors, Inc. $2 0K 4.1% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Taoping Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Taoping Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Taoping Inc. in brief

What does Taoping Inc. do?
Taoping Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Taoping Inc.'s stock ticker?
Taoping Inc. trades under the ticker TAOP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Taoping Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Taoping Inc. reported revenue of $30.8M, 16.0% lower than a year earlier, according to its SEC filings.
What is Taoping Inc.'s free cash flow?
Taoping Inc.'s free-cash-flow margin is -12.7% of revenue over the trailing twelve months, ranking 140 of the 180 application software companies we cover.
Who are Taoping Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Sbi Securities Co., Ltd. and Caitong International Asset Management Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Taoping Inc.'s market cap?
On December 31, 2025, Taoping Inc.'s market capitalisation was about $1.8M and net debt of $13.6M. Market figures come from third-party market data and may be delayed.
How much debt does Taoping Inc. have?
Taoping Inc.'s debt-to-equity ratio is 58.5%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Taoping Inc.'s competitors?
In our Application Software peer group, the companies closest to Taoping Inc. are Zedge, Inc., Freightos Ltd, Intellicheck, Inc., Datasea Intelligent Technology Ltd. and Repositrak, Inc. The side-by-side comparison below sets their revenue, margins and growth against Taoping Inc.'s.