For fiscal 2025 (ended Dec 31, 2025), Tantech Holdings Ltd. reported $38.36M of revenue and -$31.02M of net income.
TANH revenue was $38.36M for fiscal 2025 (ended Dec 31, 2025), down 10.7% from fiscal 2024. Compound annual growth was -1.9% over 5 years and -2.0% over 10 years. It rose in 3 of the last 10 fiscal years.
TANH net income was -$31.02M for fiscal 2025 (ended Dec 31, 2025), compared with -$3.24M in fiscal 2024.
TANH diluted EPS was -$13.64 for fiscal 2025 (ended Dec 31, 2025).
TANH free cash flow was -$5.82M for fiscal 2025 (ended Dec 31, 2025), compared with $5.28M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.36M | $42.94M | $44.63M | $52.97M | $55.26M | $42.28M | $49.23M | $29.56M | $42.30M | $39.90M |
| Cost of revenue | $31.22M | $34.00M | $34.91M | $42.86M | $44.83M | $37.81M | $43.25M | $21.53M | $31.74M | $26.88M |
| Gross profit | $7.14M | $8.94M | $9.72M | $10.11M | $10.43M | $4.48M | $5.98M | $8.03M | $10.56M | $13.02M |
| Research and development | $78.6K | $38.8K | $23.9K | $23.2K | $8.05M | $890.3K | $327.3K | $386.6K | $627.6K | $136.6K |
| Selling, general and admin | $19.26M | $4.87M | $5.82M | $3.91M | $8.83M | $955.2K | $4.66M | $4.97M | $4.63M | $3.61M |
| Operating income | -$12.20M | $3.98M | $3.66M | $5.93M | -$8.51M | -$10.34M | -$8.91M | $2.35M | $4.57M | $8.65M |
| Interest expense | $279.6K | $290.4K | $301.5K | $476.2K | $740.4K | $300.1K | $443.3K | $626.3K | $551.0K | $470.7K |
| Pre-tax income | -$33.50M | $624.3K | $9.27M | $7.18M | -$8.26M | -$10.63M | -$9.30M | $2.03M | $4.48M | $8.33M |
| Income tax | -$2.52M | $3.11M | $2.36M | $3.14M | $2.43M | -$611.7K | $363.7K | $1.03M | $1.53M | $1.37M |
| Net income | -$31.02M | -$3.24M | $5.58M | $2.59M | -$8.36M | -$6.52M | -$6.36M | $1.98M | $3.77M | $4.30M |
| EPS, basic | -$13.64 | -$7.66 | $80.69 | $121.21 | -$1934.00 | -$2117.20 | -$2112.00 | $67.20 | $144.00 | $182.40 |
| EPS, diluted | -$13.64 | -$7.66 | $80.69 | $120.10 | -$1934.00 | -$2117.20 | -$2112.00 | $67.20 | $144.00 | $182.40 |
| Diluted shares | 2.3M | 423,174 | 69,186 | 25,154 | 4,321.6 | 3,079.825 | 3,005.546 | 29,943.303 | 27,054.075 | 23,978.318 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $33.02M | $35.19M | $29.13M | $18.98M | $43.57M | $37.34M | $12.65M | $9.87M | $13.62M | $6.20M |
| Receivables | $27.80M | $32.61M | - | - | - | - | - | - | $50.25M | $40.64M |
| Inventory | $152.4K | $191.2K | $236.4K | $898.7K | $1.07M | $671.3K | $595.6K | $1.96M | $2.57M | $1.08M |
| Current assets | $73.99M | $117.80M | $115.67M | $106.76M | $105.81M | $81.90M | $68.16M | $70.31M | $89.24M | $63.66M |
| Goodwill | - | - | - | - | - | - | $0 | $8.86M | $9.00M | $0 |
| Total assets | $123.97M | $142.95M | $141.69M | $134.13M | $134.53M | $116.30M | $115.45M | $134.19M | $138.49M | $94.30M |
| Current liabilities | $11.23M | $11.76M | $17.61M | $13.54M | $21.77M | $16.80M | $19.13M | $22.15M | $26.79M | $14.10M |
| Long-term debt | - | $198.0K | $1.73M | $0 | - | - | - | - | - | - |
| Total debt | - | $198.0K | $1.73M | $0 | - | - | - | - | - | - |
| Total liabilities | $13.63M | $14.68M | $18.68M | $18.20M | $21.99M | $16.80M | $20.92M | $24.21M | $28.88M | $14.10M |
| Shareholders' equity | $110.35M | $131.31M | $123.01M | $115.94M | $112.54M | $99.49M | $94.53M | $109.99M | $109.61M | $80.21M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.82M | $5.36M | $5.26M | $8.29M | -$8.09M | $14.17M | $14.70M | $14.66M | $2.15M | -$7.07M |
| Capital expenditures | $0 | $80.5K | $431 | $1.6K | $220.3K | $144.8K | $92.4K | $559.0K | $1.30M | $8.3K |
| Free cash flow | -$5.82M | $5.28M | $5.26M | $8.29M | -$8.31M | $14.03M | $14.60M | $14.11M | $848.3K | -$7.08M |
| Investing cash flow | -$1.08M | -$3.30M | -$2.58M | -$45.00M | $524.1K | -$123.0K | -$5.93M | -$18.00M | -$3.49M | -$1.88M |
| Financing cash flow | $3.42M | $3.47M | $7.43M | $15.29M | $12.81M | $8.94M | -$5.46M | -$810.0K | $8.34M | $9.40M |
| Stock-based compensation | - | - | $0 | $0 | $1.84M | $0 | - | - | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -10.7% | -3.8% | -15.7% | -4.2% | 30.7% | -14.1% | 66.5% | -30.1% | 6.0% | -14.8% |
| Net income growth, YoY | - | - | 115.9% | - | - | - | - | -47.5% | -12.4% | -49.1% |
| EPS growth, YoY | - | - | - | - | - | - | - | -53.3% | -21.1% | -52.5% |
| Gross margin | 18.6% | 20.8% | 21.8% | 19.1% | 18.9% | 10.6% | 12.1% | 27.2% | 25.0% | 32.6% |
| Operating margin | -31.8% | 9.3% | 8.2% | 11.2% | -15.4% | -24.5% | -18.1% | 8.0% | 10.8% | 21.7% |
| Net margin | -80.9% | -7.5% | 12.5% | 4.9% | -15.1% | -15.4% | -12.9% | 6.7% | 8.9% | 10.8% |
| Free cash flow margin | -15.2% | 12.3% | 11.8% | 15.7% | -15.0% | 33.2% | 29.7% | 47.7% | 2.0% | -17.7% |
| Return on equity | -28.1% | -2.5% | 4.5% | 2.2% | -7.4% | -6.6% | -6.7% | 1.8% | 3.4% | 5.4% |
| Return on assets | -25.0% | -2.3% | 3.9% | 1.9% | -6.2% | -5.6% | -5.5% | 1.5% | 2.7% | 4.6% |
| Current ratio | 6.59 | 10.02 | 6.57 | 7.88 | 4.86 | 4.87 | 3.56 | 3.17 | 3.33 | 4.52 |
| Debt to equity | - | 0.00 | 0.01 | 0.00 | - | - | - | - | - | - |
Source: XBRL data Tantech Holdings Ltd. files with the SEC, latest filing dated May 14, 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: 1-for-24, first reported May 1, 2023; 1-for-40, first reported May 15, 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.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TANH | $38.36M | -10.7% | -$31.02M | -80.9% | $26.7M |
| LIN | $36.24B | +8.2% | $7.01B | 19.3% | $241.73B |
| APD | $12.60B | +4.5% | -$47.30M | -0.4% | $70.18B |
| DOW | $42.61B | +4.2% | -$897.00M | -2.1% | $23.55B |
| IFF | $11.69B | +24.3% | $182.00M | 1.6% | $20.69B |
| DD | $7.06B | +3.2% | $301.00M | 4.3% | $20.62B |
| LYB | $31.96B | +3.5% | $1.30B | 4.1% | $20.23B |
| ALB | $6.15B | +24.4% | $681.63M | 11.1% | $11.33B |
| SOLS | $4.17B | +9.4% | $325.00M | 7.8% | $10.56B |