Tantech Holdings Ltd (TANH) AI Stock Analysis
TANH AI stock analysis summary
AI ResearchTantech Holdings Ltd (TANH) develops bamboo-based charcoal products and operates in the electric vehicle market. In FY2025, the company generated $38.4M in revenue but recorded a net loss of -$31.0M alongside an operating margin of -31.8%. Despite a market capitalization of $9.1M, the company held $28.4M in net cash as of March 31, 2026.
- Market cap
- $9.1M
- Revenue (TTM)
- $38.4M
- P/E
- —
- 1Y return
- -84.3% S&P 500 16.8%
- Avg. target
- —
Bull case
- Tantech closed the quarter ended March 31, 2026, with $28.4M in net cash and a current ratio of 6.59.
- The stock trades at a price-to-book multiple of 0.1x against shareholders' equity of $110.3M.
- The company demonstrated earnings execution by beating consensus EPS estimates in 3 of the last 4 quarters.
Bear case
- Revenue fell for four consecutive fiscal years, declining from $55.3M in FY2021 to $38.4M in FY2025.
- Profitability worsened sharply in FY2025 with a net loss of -$31.0M and an operating margin of -31.8%.
- Operating cash flow turned negative at -$5.8M in FY2025, compared to positive $4.0M in FY2024.
What Tantech does
Tantech Holdings Ltd specializes in manufacturing bamboo-based charcoal products used in industrial energy, cooking, heating, purification, agriculture, and cleaning. The company operates through two segments: Consumer Products and Electric Vehicle. Under brands such as Algold and Charcoal Doctor, it sells pressed charcoal briquettes, air purifiers, humidifiers, automotive accessories, underfloor humidity controllers, pillows, mattresses, refrigerator deodorants, and bamboo vinegar. Its electric vehicle segment designs and distributes electric buses, logistics cars, and specialty vehicles including emergency and funeral cars, alongside solar cells, lithium-ion batteries, auto parts, and electric control systems.
Growth and profitability
Tantech has experienced declining sales over multiple consecutive periods. Revenue fell from $55.3M in FY2021 to $53.5M in FY2022, $47.3M in FY2023, $42.9M in FY2024, and $38.4M in FY2025, reflecting a 5-year revenue CAGR of -1.9%. Gross margin was 18.6% in FY2025, down from 20.8% in FY2024 and 21.5% in FY2023. Operating margin dropped to -31.8% in FY2025 from 9.3% in FY2024, contributing to an annual net loss of -$31.0M. For the latest quarter ended March 31, 2026, quarterly revenue fell 16.9% year-over-year, while quarterly earnings declined 11.5%, bringing trailing twelve month EPS to -$680.67.
Balance sheet and cash flow
As of March 31, 2026, Tantech held $33.1M in cash and short-term investments against $4.7M in total debt, resulting in a net cash position of $28.4M. Shareholders' equity was $110.3M across $124.0M in total assets. The company maintained a current ratio of 6.59 and a debt-to-equity ratio of 0.04. In FY2025, operating cash flow was -$5.8M and free cash flow was -$5.8M. For cash deployment, Tantech allocated $1 to capital expenditures and $520,000 to share buybacks in FY2025.
Valuation and performance
Tantech trades at a price-to-sales multiple of 0.2x and an EV-to-EBITDA multiple of 0.5x, compared to medians of 0.7x and 11.7x for its US-listed Consumer Defensive peers. Its price-to-book ratio is 0.1x, while enterprise value sits at -$18.9M. Over the past year, the stock fell 84.3%, while the S&P 500 (SPY) returned 16.8%. Over a 5-year period, the stock fell 100.0% compared to an 83.0% gain for the S&P 500.
What analysts expect
Wall Street analyst ratings and price targets are not provided for Tantech Holdings Ltd. In its historical quarterly earnings reports, the company has beaten EPS expectations in 3 of the last 4 quarters.
Key risks and what to watch
- Annual net losses reached -$31.0M in FY2025 alongside a negative return on equity of -26.0%.
- Quarterly revenue growth fell 16.9% year-over-year in the period ended March 31, 2026, extending historical sales contractions.
- Free cash flow dropped to -$5.8M in FY2025, which may pressure liquidity if operational cash burn persists.
- The 5-year stock return stands at -100.0%, reflecting sustained equity value erosion relative to the broader market.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this TANH AI stock analysis
This page is an AI-written research summary of Tantech Holdings Ltd (TANH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: TANH income statement, TANH balance sheet, TANH key metrics, TANH chart. See the TANH stock overview for the latest quote and news.
TANH AI stock analysis FAQ
What products does Tantech Holdings Ltd produce?
Tantech produces bamboo-based charcoal products such as briquettes, air purifiers, deodorants, and bamboo vinegar. It also operates an electric vehicle segment producing electric buses, specialty vehicles, and related components.
What is Tantech's cash and debt position?
As of March 31, 2026, Tantech held $33.1M in cash and short-term investments and $4.7M in total debt, giving it a net cash balance of $28.4M.
Does Tantech pay a dividend?
Tantech does not currently pay a dividend to shareholders.
How has TANH stock performed compared to the broader market?
Over the past year, TANH declined 84.3%, compared to a 16.8% gain for the S&P 500 (SPY). Over a 5-year period, the stock fell 100.0% while the S&P 500 gained 83.0%.