Saturday 17 October 2026 Export TANH’s income statement to Excel — free account

Tantech Holdings Ltd.

TANH Consumer Defensive Household & Personal Products

Tantech Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $38.4 million, down 10.7% from fiscal 2024.

13.62 0.78 +6.07%

Follow TANH

Alert me

Market cap: $8.6M
P/E: 0.0×
Fwd P/E: 0.7×
Dividend yield: —
F-score: 2/9
Altman Z: 0.89
Beneish M: −3.98
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 8.57

Revenue 107.86

Net Income (22.81)

Free Cash Flow (0.92)

Net Debt (29.29)

Current Ratio 6.59

Debt/Equity 0.03

P/E ratio 0.00

Fwd P/E 0.72

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (3.19%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2022	2023	2024	2025
Cash	19	29	35	33
Receivables	85	85	77	40
Inventory	1	0	0	0
Other	2	2	5	1
	107	116	118	74

	2022	2023	2024	2025
Payables	2	1	0	0
ST’ Debt	4	5	3	4
Other	2	5	6	1
	14	18	12	11

Compound Annual Growth %

	10y	5y	3y
Sales	(4.19%)	(1.93%)	(10.49%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	4.21%	2.09%	(1.63%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	38
’24	—	—	—	—	43
’23	—	—	—	—	45
’22	—	—	—	—	53
’21	—	—	—	—	55
’20	—	—	—	—	42

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(6)
’24	—	—	—	—	5
’23	—	—	—	—	5
’22	—	—	—	—	8
’21	—	—	—	—	(8)
’20	—	—	—	—	14

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	(3)	—	(6)	(6)
’24	—	4	—	4	5
’23	—	(1)	—	5	5
’22	—	(48)	—	8	8
’21	—	(2)	—	(8)	(8)
’20	—	2	—	14	14

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(682.00)
’24	—	—	—	—	(383.00)
’23	—	—	—	—	4.04k
’22	—	—	—	—	6.00k
’21	—	—	—	—	(96.40k)
’20	—	—	—	—	(105.52k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	888,000.00	480,000.00	528,000.00	672,000.00	388,800.00	182,400.00	3,640.00	1,658.00	242.00	45.00	Analyst estimates 2026–2028 Powerpack
	High	2,880,000.00	2,179,200.00	1,814,400.00	1,224,000.00	1,752,000.00	1,137,600.00	235,200.00	15,940.00	3,180.00	530.00
People
People	Employees	140	136	112	71	39	51	51	61	46	45
	Revenue/emp, $m	0.29	0.31	0.26	0.69	1.08	1.08	1.05	0.73	0.93	0.85
Income, $m
Income, $m	Revenue	41	42	30	49	42	55	53	45	43	38
	Gross margin, %	32.21	24.96	27.16	12.14	10.59	18.88	18.87	21.77	20.83	18.62
	EBT	8	4	2	(9)	(11)	(8)	6	9	1	(34)
	EBT margin, %	20.45	10.58	6.86	(18.88)	(25.15)	(14.95)	10.71	20.76	1.45	(87.34)
	Net income	7	3	1	(10)	(10)	(11)	3	7	(2)	(31)
	Depreciation	1	1	1	1	1	1	0	1	0	0
Per share, $
Per share, $	Revenue	1.76	1.63	1.03	1.71	422,837.00	552,637.00	106,980.60	31,879.36	5,051.78	832.09
	Earnings	91,127.09	71,942.45	33,573.14	(105,515.60)	(105,515.60)	(96,402.87)	6,060.00	4,040.00	(383.00)	(682.00)
	Cash flow	(0.31)	0.08	0.51	0.51	141,716.00	(80,905.00)	16,586.00	3,757.36	630.93	(126.16)
	Capex	0.00	(0.02)	(0.02)	0.00	(1,230.00)	5,241.00	(92.40)	(151.43)	(9.47)	0.02
	Free cash flow	(0.31)	0.06	0.49	0.51	140,486.00	(75,664.00)	16,493.60	3,605.93	621.46	(126.15)
	Book value	3.48	4.22	3.83	3.28	994,914.00	1,125,367.00	231,870.80	87,860.86	15,091.31	2,393.70
	Shares, m	23	26	29	29	0	0	0	0	0	0
Valuation, ×
Valuation, ×	P/E	2.35	2.54	24.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	0.00	0.00	0.00	(0.07)	(0.33)	(0.32)	(0.11)	(0.19)	(0.26)	(0.24)
	EV/FCF	(6.21)	(5.77)	0.00	(0.09)	(0.71)	(4.33)	0.24	0.58	(2.30)	28.21
Cash, $m
Cash, $m	Operating cash flow	(7)	2	15	15	14	(8)	8	5	5	(6)
	Capex	0	(1)	(1)	0	0	1	0	0	0	0
	Free cash flow	(7)	2	14	15	14	(8)	8	5	5	(6)
Balance, $m
Balance, $m	Working capital	50	62	48	49	65	84	93	98	106	63
	Total debt	8	12	10	7	7	7	7	5	3	4
	Net debt	2	(1)	0	(6)	(30)	(36)	(12)	(24)	(32)	(29)
	Shareholders’ equity	80	110	110	95	99	113	116	123	128	110
Returns, %
Returns, %	ROA	4.74	3.24	1.45	(5.09)	(5.63)	(6.66)	2.25	4.05	(2.28)	(23.55)
	ROIC	6.53	2.64	1.34	(6.26)	(9.31)	(6.98)	2.74	2.31	2.58	(9.41)
	ROE	5.61	3.97	1.80	(6.22)	(6.72)	(7.88)	2.64	4.67	(2.58)	(26.34)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jan 0001

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SLSN Solesence, Inc.	$62.8M	— (loss-making)	—	−24.69% (below 0%: shrinking)	n/m	+86.52% (above 0%: growing)	30.97%	0.79%	Compare
GROV Grove Collaborative Holdings, Inc.	$42.5M	— (loss-making)	— (loss-making)	−16.94% (below 0%: shrinking)	n/m	+101.08% (above 0%: growing)	53.56%	(2.14%)	Compare
UG United-Guardian, Inc.	$31.5M	12.7×	18.7×	+9.52% (above 0%: growing)	+14.29% (above 0%: growing)	+428.43% (above 0%: growing)	49.73%	24.26%	Compare
DSY Big Tree Cloud Holdings Limited	$27.3M	18.1×	—	—	0.00%	−267.22% (below 0%: shrinking)	—	—	Compare
ATTT Atlas Trinity Tech Limited	$15.3M	—	—	—	—	−192.00% (below 0%: shrinking)	—	—	Compare
BRSHF Bruush Oral Care Inc.	$8.7M	— (loss-making)	—	+7.78% (above 0%: growing)	n/m	−241.22% (below 0%: shrinking)	75.64%	(488.63%)	Compare
TANH Tantech Holdings Ltd.	$8.6M	— (loss-making)	0.7×	−4.32% (below 0%: shrinking)	+102.50% (above 0%: growing)	−214.50% (below 0%: shrinking)	20.52%	0.00%
BYAH Park Ha Biological Technology Co., Ltd.	$5.6M	—	—	—	—	−138.75% (below 0%: shrinking)	—	—	Compare
XAGE Longevity Health Holdings, Inc.	$1.6M	— (loss-making)	—	−21.37% (below 0%: shrinking)	n/m	+73.22% (above 0%: growing)	59.47%	(182.88%)	Compare
Median of peers	$21.3M	—	—	−16.94%	—	−32.76%	53.56%	(2.14%)

All 32 Household & Personal Products stocks →

Tantech Holdings Ltd. (TANH) key facts

Concern: Tantech Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $38.4 million, down 10.7% from fiscal 2024.
Tantech Holdings Ltd. (TANH) is a Household & Personal Products company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, TANH traded at $13.62, a market capitalization of $8.6 million.
Return on equity was −26.3% and debt-to-equity 0.03.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 0.89 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.