Taoping Inc. income statement
In fiscal 2025, Taoping Inc. reported revenue of $30.8m, down 16.0% on the year before, operating income of −$9.2m (a -30.0% margin) and net income of −$10.1m, or −$7.88 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 164 | 115 | 86 | 55 | 39 | 10 | 10 | 18 | 21 | 14 | 11 | 19 | 24 | 39 | 37 | 31 |
| Cost of revenue | 93 | 70 | 66 | 46 | 28 | 6 | 8 | 10 | 11 | 7 | 7 | 13 | 17 | 30 | 29 | 27 |
| Gross profit | 71 | 44 | 20 | 10 | 10 | 4 | 3 | 8 | 10 | 7 | 4 | 7 | 7 | 9 | 8 | 3 |
| Research and development | 3 | 4 | 5 | 2 | 1 | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 4 | 3 | 2 | 2 |
| General and administrative | 19 | 23 | 53 | 89 | 21 | 11 | 8 | 4 | 4 | 7 | 17 | 12 | 6 | 6 | 6 | 10 |
| Operating income | 43 | 10 | −86 | −118 | −24 | −27 | −15 | −0 | 0 | −4 | −17 | −10 | −3 | −0 | −2 | −9 |
| Interest expense | 2 | 3 | 5 | 5 | 6 | 3 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 |
| Net interest income | — | — | — | — | — | — | — | — | 0 | 0 | — | — | — | — | — | — |
| Income before tax | 43 | 9 | −90 | −120 | −29 | −4 | −18 | −0 | 1 | −4 | −18 | −12 | −1 | −0 | −2 | −10 |
| Income tax | 8 | 1 | 1 | 2 | −5 | 4 | −0 | 1 | 1 | −0 | −0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| Diluted shares (average) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1m |
| EBITDA | 50 | 20 | −74 | −110 | −22 | −25 | −12 | 2 | 4 | −1 | −14 | −8 | 0 | 2 | 0 | −8 |
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