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Trident Digital Tech Holdings Ltd (TDTH) stock

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NASDAQ: TDTH Nasdaq Diversified Support Services

D Fundamentals grade

Trident Digital Tech Holdings Ltd is a US-listed company in the diversified support services 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: every model's value for Trident Digital Tech Holdings Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

Trident Digital Tech Holdings Ltd valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Trident Digital Tech Holdings files

Where Trident Digital Tech stands after its latest Filing

Trident Digital Tech has little or no product revenue yet; it used $10m of cash in the twelve months. That puts it 32 of 32 for growth among the diversified support services companies we cover. The diluted share count is up 41.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 4 financial-health checks.

Our model value for Trident Digital Tech Holdings 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

Trident Digital Tech Holdings Ltd's trailing-twelve-month revenue fell 65.4% year on year, with a free-cash-flow margin of -6095.2%. Where it stands out: long-term debt as % of assets of 0.6% ranks 1 of 18 diversified support services companies we cover. Where it lags: revenue growth of -65.4% ranks 32 of 32 diversified support services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 3.1% while net income fell 180.2%: a 177pp 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

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 65.4% over the last 12 months.
  • Burning cash. Free cash flow was -6095.2% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 4364.0% of revenue, against a median of 1.4% for diversified support services companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 41.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 155% and a beta of 2.4 against the S&P 500.
  • Below peers: net margin. Net margin of -14142.9% ranks 32 of 32 diversified support services companies we cover (median 3.3%).

Price chart

  • 1 day+1.7%
  • 1 week+10.5%
  • 1 month-27.9%
  • This year-92.1%
  • 1 year-96.7%
  • 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)
$160,925
Net margin
-14142.9%
EPS (TTM, diluted)
$-7.63

Growth

Revenue growth
−65.4%
Change in growth rate
+3.2 pts
Share count change
+41.5%

Cash

Free cash flow (TTM)
-$9.8M
FCF margin
-6095.2%
Stock pay % of revenue
4364.0%

News & updates

Updated October 31, 2026

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

No recent updates are available for TDTH 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

Trident Digital Tech Holdings Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

Valuation multiples over time Market data may be delayed

At fiscal year end 20242025
Share price$66.12$9.00
Market value$139m$27m
+ Net debt (− = net cash)−$38602$1m
Enterprise value$139m$28m
Multiples
Price / sales n/m166.9x
Price / earnings ——
Price / free cash flow ——
EV / EBITDA ——

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: Medium.

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 Trident Digital Tech Holdings Ltd: too few analysts cover it.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.34
at average volume
Short interest, 1 month
−54%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
2.4%
of shares
Employees
50
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 20252026 to date
Return
TDTH−86%−92%
Industry peers (median)−7%−10%
S&P 500+18%+11%
Months that ended higher
TDTH25%36%
S&P 50075%46%
Largest fall from a high during the year
TDTH−92%−96%
S&P 500−19%−9%

Worst fall since September 10, 2024: 100% from September 11, 2024 to October 27, 2026. Getting back needed a 19900% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.60 – $21.30
From 52-week high
−96.7%
vs 50-day average
−45.9%
vs 200-day average
−79.6%
Volatility (1 year)
155%
Beta vs S&P 500
2.37

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.

Trident Digital Tech Holdings Ltd 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) Trident Digital Tech Holdings Ltd
$0 $500K $1M $1.5M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $1.3M Revenue (TTM), FY23 Q4: $1.5M Revenue (TTM), FY24 Q4: $465.4K Revenue (TTM), FY25 Q4: $160.9K $160.9K

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $1.3M
FY23 Q4 $1.5M
FY24 Q4 $465.4K
FY25 Q4 $160.9K
FCF margin (TTM) Trident Digital Tech Holdings Ltd
-8000% -6000% -4000% -2000% 0% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -54.1% FCF margin (TTM), FY23 Q4: -342.6% FCF margin (TTM), FY24 Q4: -2043.9% FCF margin (TTM), FY25 Q4: -6095.2% -6095.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -54.1%
FY23 Q4 -342.6%
FY24 Q4 -2043.9%
FY25 Q4 -6095.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. 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 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1 1 0 0
Gross profit 0 0 0 0
Net income −1 −5 −8 −23
Diluted EPS — −$2.40 — −$7.20
Growth (year on year)
Revenue — +17.4% −68.6% −65.4%
Margins
Gross margin 20.8% 17.9% 0.3% 51.2%
Net margin −89.4% −321.9% <−999% <−999%
Free-cash-flow margin −54.1% −342.6% <−999% <−999%
Cash flow
Cash from operations −1 −5 −10 −10
Capital spending 0 0 0 0
Free cash flow −1 −5 −10 −10
Stock-based pay — — — 7
Free cash flow after stock pay — — — −17
Balance sheet
Cash 1 2 0 0
Total debt 0 0 0 2
Net debt (negative = net cash) −1 −2 −0 1
Diluted shares 2m 2m 2m 3m
Returned to shareholders
Dividends 0 0 — —
Total returned 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

0 of 4 checks passed · December 31, 2025
What it owns · $5m
Short-term assets $1mLonger-term assets $5m
What it owes, and who funded it · $12m
Short-term liabilities $6mLonger-term liabilities $7mShareholders' equity $-7m
  • Short-term assets cover short-term liabilities $796,214 of assets due within a year against $6m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $796,214 short-term assets against $7m of longer-dated liabilities.
  • More cash than debt $150,334 of cash against $501,312 of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • 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 −$10m of operating cash flow against $501,312 of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Trident Digital Tech Holdings Ltd'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
+41.5%
year over year
R&D spending
724.5%
of revenue
Days sales outstanding
63 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated TDTH OCG TGL ANPA DPU HCAI Median
Revenue, last 12 months $160925 $2m $5m $6m $8m $15m $906m
Revenue growth, last 12 months −65.4% 203.3% 121.8% 6.2% 114.3% −63.6% 6.3%
Gross margin 51.2% 85.7% 0.2% 46.2% 8.7% 2.7% 29.0%
Operating margin — −203.5% −317.7% 1.6% −301.6% −142.5% 4.9%
Net margin <−999% −204.2% −214.4% 2.1% −298.8% −283.6% 2.7%
Cash from operations / revenue <−999% 4.1% −133.2% 6.0% −16.1% −8.7% 7.1%
Free-cash-flow margin <−999% 4.1% −153.5% −2.9% −16.2% −8.7% 3.7%
Stock pay / revenue >999% 200.7% 35.7% — 42.1% 140.4% 1.4%
Change in share count 41.5% −99.8% — 2.6% 325.3% 12.6% 0.1%

Median of all 32 companies we cover in diversified support services. 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

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth -65.4% 6.5% 32 of 32
Change in growth rate Growth +3.2pp +0.8pp 9 of 32
Gross margin Profitability 51.2% 26.4% 2 of 22
Net margin Profitability -14142.9% 3.3% 32 of 32
Free-cash-flow margin Cash generation -6095.2% 4.1% 31 of 31
Stock pay as % of revenue Cash generation 4364.0% 1.4% 26 of 26
Long-term debt as % of assets Balance sheet 0.6% 33.7% 1 of 18
Change in share count Balance sheet 41.5% -0.1% 26 of 28
Days sales outstanding Balance sheet 63 days 60 days 17 of 26

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

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 Trident Digital Tech Holdings Ltd 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.

Trident Digital Tech Holdings Ltd in brief

What does Trident Digital Tech Holdings Ltd do?
Trident Digital Tech Holdings Ltd is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is Trident Digital Tech Holdings Ltd's stock ticker?
Trident Digital Tech Holdings Ltd trades under the ticker TDTH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Trident Digital Tech Holdings Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Trident Digital Tech Holdings Ltd reported revenue of $160,925, 65.4% lower than a year earlier, according to its SEC filings.
What is Trident Digital Tech Holdings Ltd's free cash flow?
Trident Digital Tech Holdings Ltd's free-cash-flow margin is -6095.2% of revenue over the trailing twelve months, ranking 31 of the 31 diversified support services companies we cover.
What is Trident Digital Tech Holdings Ltd's market cap?
On December 31, 2025, Trident Digital Tech Holdings Ltd's market capitalisation was about $26.9M and net debt of $1.4M. Market figures come from third-party market data and may be delayed.
Who are Trident Digital Tech Holdings Ltd's competitors?
In our Diversified Support Services peer group, the companies closest to Trident Digital Tech Holdings Ltd are Oriental Culture Holding LTD, Treasure Global Inc, Rich Sparkle Holdings Ltd, Nexpu Ltd. and Huachen AI Parking Management Technology Holding Co., Ltd. The side-by-side comparison below sets their revenue, margins and growth against Trident Digital Tech Holdings Ltd's.