SAIHEAT Limited (SAIH) Income Statement
SAIH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSAIH revenue and net income
Where SAIH's revenue goes
2025Each bar shows an amount and its share of revenue. SAIH kept −142.7% of revenue as net income.
SAIH profit margins
SAIH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −18.4% | −24.8% | +18.2% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SAIH quarterly EPS vs estimates
SAIHEAT beat the analyst EPS estimate in 1 of the last 2 quarters.
SAIH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $5.5M | $6.8M | $10.6M | $17.0M | $2.0M |
| Cost of revenue | $6.9M | $6.6M | $6.3M | $9.5M | $15.8M | $1.1M |
| Gross profit | −$2.3M | −$1.0M | $457,000 | $1.1M | $1.3M | $902,000 |
| Research & development | $217,000 | $642,000 | $853,000 | $476,000 | $419,000 | $348,000 |
| Sales, general & admin | $2.7M | $6.3M | $6.8M | $7.2M | $17.2M | $232,000 |
| Total operating expenses | $2.9M | $6.9M | $7.8M | $8.6M | $17.7M | $620,000 |
| Operating income | −$5.3M | −$7.9M | −$7.4M | −$7.5M | −$16.5M | $282,000 |
| Income before taxes | −$6.5M | −$5.9M | −$6.1M | −$8.8M | −$16.7M | $456,000 |
| Income taxes | — | — | — | — | $24,000 | $53,000 |
| Net income | −$6.5M | −$5.9M | −$6.1M | −$8.8M | −$16.7M | $403,000 |
| EBITDA | −$3.7M | −$4.0M | −$5.7M | −$4.7M | −$16.0M | $405,000 |
| EPS (diluted) | −$3.52 | −$3.36 | −$3.82 | −$6.72 | $1.57 | — |
| Gross margin | −51.9% | −18.2% | 6.7% | 10.7% | 7.4% | 46.1% |
| Operating margin | −116.5% | −142.7% | −108.8% | −70.2% | −96.6% | 14.4% |
| Net margin | −142.7% | −106.2% | −90.3% | −83.1% | −98.0% | 20.6% |
| Mar '26 | Jun '25 | Mar '25 | Dec '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $689,000 | $3.8M | $2.3M | $0 | $10.8M | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $2.0M | $4.8M | $3.2M | −$50,000 | $9.5M | — | — | — | — | — |
| Gross profit | −$1.3M | −$1.0M | −$895,000 | −$64,000 | $1.2M | — | — | — | — | — |
| Research & development | — | $229,000 | $298,000 | $476,000 | — | — | — | — | — | — |
| Sales, general & admin | — | — | — | $2.8M | — | — | — | — | — | — |
| Total operating expenses | $561,000 | $2.4M | $4.2M | $4.3M | $4.4M | $635,836 | $1.3M | $552,535 | $22,977 | — |
| Operating income | −$1.9M | −$3.4M | −$5.1M | −$4.3M | −$3.1M | −$635,836 | −$1.3M | −$552,535 | −$22,977 | — |
| Interest expense | — | $100,000 | — | — | — | — | — | — | — | — |
| Income before taxes | −$3.6M | −$2.9M | −$3.9M | −$4.7M | −$4.2M | −$632,172 | −$1.3M | −$551,845 | −$22,549 | −$4,510 |
| Net income | −$3.6M | −$2.9M | −$3.9M | −$4.7M | −$4.2M | −$632,172 | −$1.3M | −$551,845 | −$22,549 | −$4,510 |
| EBITDA | −$1.9M | −$3.4M | −$3.9M | −$764,672 | −$3.9M | −$632,172 | −$1.3M | −$551,845 | −$22,549 | −$4,510 |
| EPS (diluted) | — | — | −$2.23 | — | −$1.39 | −$0.11 | $2.60 | −$0.09 | −$0.94 | $0.00 |
| Gross margin | −194.6% | −26.2% | −38.3% | — | 11.2% | — | — | — | — | — |
| Operating margin | −276.1% | −87.8% | −216.4% | — | −29.3% | — | — | — | — | — |
| Net margin | −517.7% | −75.3% | −168.8% | — | −39.0% | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SAIH's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SAIH financial results
In fiscal year 2025 (ended December 31, 2025), SAIHEAT reported revenue of $4.5 million, down 18.4% from the year before. It had a net loss of $6.5 million, a net profit margin of −142.7%. Diluted earnings per share came to −$3.52. Over five years revenue grew at an average rate of 18.2% a year.
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SAIH income statement FAQ
What is SAIHEAT's annual revenue?
SAIHEAT reported total revenue of $4.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 18.4% from $5.5 million the previous year.
Is SAIHEAT profitable?
No. SAIHEAT reported a net loss of $6.5 million in fiscal 2025, a net profit margin of −142.7%; its operating margin was −116.5%.
What is SAIHEAT's gross margin?
SAIHEAT's gross margin was −51.9% in fiscal 2025: for every $100 of revenue, SAIHEAT kept $-52 after the direct cost of its products and services.
How much does SAIHEAT spend on research and development?
SAIHEAT spent $0.2 million on research and development in fiscal 2025, 4.8% of revenue.
How fast is SAIHEAT growing?
Revenue grew 18.2% a year on average over the last five fiscal years, from $2.0 million to $4.5 million.
What are SAIHEAT's earnings per share?
SAIHEAT earned $-3.52 per diluted share in fiscal 2025, compared with $-3.36 a year earlier.
When does SAIHEAT's fiscal year end?
SAIHEAT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.