SAIH revenueFY2025$4.52M
- FY YoY
- -18.4%
- 5Y CAGR
- +18.2%
SAIH revenue was $4.52M for fiscal 2025 (ended Dec 31, 2025), down 18.4% from fiscal 2024. Compound annual growth was +18.2% over 5 years. It rose in 1 of the last 5 fiscal years.
SAIHEAT Limited (SAIH) financials
For fiscal 2025 (ended Dec 31, 2025), SAIHEAT Limited reported $4.52M of revenue and -$6.45M of net income.
- Revenue, FY2025
- $4.52M
- Revenue growth, YoY
- -18.4%
- Net income, FY2025
- -$6.45M
- Net margin
- -142.7%
- EPS, diluted, FY2025
- -$3.51
- Cash
- $202.0K
- P/S
- 8.51
- Market cap
- $38.5M
FY2020FY2025
FY2020FY2025
FY2020FY2024
SAIH revenue and earnings growth
SAIH net incomeFY2025-$6.45M
SAIH net income was -$6.45M for fiscal 2025 (ended Dec 31, 2025), compared with -$5.89M in fiscal 2024.
SAIH EPSFY2025-$3.51
SAIH diluted EPS was -$3.51 for fiscal 2025 (ended Dec 31, 2025), compared with -$3.46 in fiscal 2024.
SAIH free cash flowFY2024-$6.27M
SAIH free cash flow was -$6.27M for fiscal 2024 (ended Dec 31, 2024), compared with -$8.17M in fiscal 2023.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.52M | $5.54M | $6.78M | $10.64M | $17.04M | $1.96M |
| Cost of revenue | $6.87M | $6.55M | $6.32M | $9.50M | $15.77M | $1.05M |
| Gross profit | -$2.35M | -$1.01M | $457.0K | $1.14M | $1.26M | $902.0K |
| Research and development | $217.0K | $642.0K | $853.0K | $476.0K | $419.0K | $348.0K |
| Selling, general and admin | $2.70M | $6.26M | $6.84M | $7.18M | $2.38M | $231.0K |
| Operating income | -$6.82M | -$7.91M | -$7.37M | -$7.46M | -$16.45M | $282.0K |
| Pre-tax income | -$6.45M | -$5.89M | -$6.12M | -$8.85M | -$16.68M | $456.0K |
| Income tax | - | - | - | - | $24.0K | $53.0K |
| Net income | -$6.45M | -$5.89M | -$6.12M | -$8.85M | -$16.70M | $403.0K |
| EPS, basic | -$3.51 | -$3.46 | -$3.79 | -$6.72 | -$20.94 | - |
| EPS, diluted | -$3.51 | -$3.46 | -$3.79 | -$6.72 | -$20.94 | - |
| Diluted shares | 1.8M | 1.7M | 1.6M | 1.3M | 848,710.909 | 848,710.909 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $202.0K | $1.04M | $3.18M | $11.21M | $4.48M | $1.30M |
| Receivables | $293.0K | $237.0K | $900.0K | $1.54M | $1.17M | - |
| Inventory | $63.0K | $772.0K | $44.0K | $152.0K | $198.0K | - |
| Current assets | $11.24M | $13.97M | $12.25M | $18.69M | $6.88M | - |
| Total assets | $12.71M | $18.53M | $18.07M | $21.10M | $11.53M | - |
| Current liabilities | $4.88M | $3.68M | $686.0K | $555.0K | $1.40M | - |
| Short-term debt | $3.68M | $2.12M | - | - | - | - |
| Total liabilities | $5.32M | $4.17M | $1.25M | $786.0K | $1.42M | - |
| Shareholders' equity | $7.40M | $14.37M | $16.82M | $20.31M | -$2.36M | $496.0K |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$7.62M | -$5.55M | -$3.13M | -$4.93M | -$983.0K | -$1.03M |
| Capital expenditures | - | $713.0K | $5.05M | $1.87M | $3.97M | $325.0K |
| Free cash flow | - | -$6.27M | -$8.17M | -$6.80M | -$4.95M | -$1.36M |
| Investing cash flow | $5.16M | $1.35M | -$4.90M | -$6.42M | -$3.97M | -$759.0K |
| Financing cash flow | $1.56M | $2.12M | $9.0K | $18.53M | $8.19M | $2.89M |
| Stock-based compensation | $25.0K | $3.46M | $2.64M | $1.06M | $14.46M | - |
| Depreciation and amortization | $1.43M | $1.66M | $1.35M | $1.66M | $309.0K | $83.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -18.4% | -18.2% | -36.3% | -37.6% | 770.6% | - |
| Gross margin | -51.9% | -18.2% | 6.7% | 10.7% | 7.4% | 46.1% |
| Operating margin | -150.9% | -142.7% | -108.8% | -70.2% | -96.6% | 14.4% |
| Net margin | -142.7% | -106.2% | -90.3% | -83.1% | -98.0% | 20.6% |
| Free cash flow margin | - | -113.1% | -120.6% | -64.0% | -29.1% | -69.5% |
| Return on equity | -87.2% | -41.0% | -36.4% | -43.5% | - | 81.3% |
| Return on assets | -50.8% | -31.8% | -33.9% | -41.9% | -144.8% | - |
| Current ratio | 2.30 | 3.80 | 17.86 | 33.68 | 4.93 | - |
Income statement
| Line item | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 |
|---|---|---|---|
| Operating income | -$635.8K | -$552.5K | -$23.0K |
| Pre-tax income | -$632.2K | -$551.8K | -$22.5K |
| Net income | -$632.2K | -$551.8K | -$22.5K |
| EPS, basic | -$1.61 | -$1.32 | -$16.72 |
| EPS, diluted | -$1.61 | -$1.32 | -$16.72 |
| Diluted shares | 91,842.75 | 91,842.75 | 82,372.091 |
Balance sheet
| Line item | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 |
|---|---|---|---|
| Cash and equivalents | $60.4K | $50.3K | $702.8K |
| Current assets | $107.3K | $204.6K | $738.0K |
| Total assets | $45.00M | $45.10M | $45.63M |
| Current liabilities | $2.23M | $346.0K | $326.9K |
| Total liabilities | $3.80M | $1.92M | $1.90M |
| Shareholders' equity | -$3.69M | -$1.71M | -$1.16M |
Cash flow
| Line item | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 |
|---|---|---|---|
| Operating cash flow | -$125.7K | - | - |
| Financing cash flow | $158.0K | - | - |
Key ratios
Source: XBRL data SAIHEAT Limited files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 3-for-44, first reported Apr 28, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
SAIH peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SAIH | $4.52M | -18.4% | -$6.45M | -142.7% | $38.5M |
| ADP | $22.26B | +6.5% | $4.53B | 20.3% | $119.75B |
| INFY | $20.16B | +4.6% | $3.31B | 16.4% | $50.70B |
| WDAY | $10.15B | +13.3% | $1.25B | 12.3% | $46.49B |
| ZS | $3.35B | +25.4% | -$63.18M | -1.9% | $32.23B |
| CTSH | $21.89B | +5.0% | $2.57B | 11.8% | $28.93B |
| VRSN | $1.73B | +6.5% | $849.80M | 49.1% | $27.69B |
| VRSK | $3.18B | +4.9% | $879.20M | 27.7% | $26.63B |
| IOT | $1.85B | +29.5% | $90.55M | 4.9% | $24.00B |
SAIH FAQ
8 questionsWhat is SAIH revenue?
SAIHEAT Limited (SAIH) reported $4.52M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 18.4% from the year before.Is SAIH profitable?
No. SAIHEAT Limited reported a net loss of $6.45M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does SAIH have?
SAIHEAT Limited reported $202.0K in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is SAIH revenue growing?
SAIHEAT Limited's revenue changed -18.4% in fiscal 2025, to $4.52M. Its compound annual growth rate was +18.2% over 5 years.What is SAIH gross margin?
SAIHEAT Limited's gross profit was -$2.35M on $4.52M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of -51.9%.What is SAIH earnings per share?
Diluted earnings per share were -$3.51 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did SAIH last report financial results?
The latest statements here come from SAIHEAT Limited's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this SAIH financial data come from?
Quantisnow builds these statements from the structured XBRL data SAIHEAT Limited files with the SEC. It is provided for information only and is not investment advice.