Taoping Inc. (TAOP) Income Statement
TAOP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTAOP revenue and net income
Where TAOP's revenue goes
2025Each bar shows an amount and its share of revenue. TAOP kept −32.7% of revenue as net income.
TAOP profit margins
TAOP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −16.0% | +8.3% | +22.7% | +11.6% |
| Gross profit | −56.6% | −22.5% | −3.1% | −1.5% |
| 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.
TAOP quarterly EPS vs estimates
Taoping beat the analyst EPS estimate in 4 of the last 7 quarters.
TAOP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.8M | $36.7M | $38.6M | $24.2M | $19.4M | $11.1M | $13.8M | $20.6M | $18.2M | $10.2M |
| Cost of revenue | $27.4M | $28.9M | $29.8M | $17.0M | $15.5M | $7.1M | $7.2M | $10.9M | $9.9M | $7.6M |
| Gross profit | $3.4M | $7.8M | $8.9M | $7.2M | $9.3M | $3.9M | $6.6M | $9.7M | $8.3M | $2.6M |
| Research & development | $1.7M | $2.4M | $3.0M | $3.6M | $4.5M | $3.9M | $3.6M | $4.8M | $4.0M | $3.0M |
| Sales, general & admin | $9.8M | $7.0M | $6.1M | $6.8M | $13.6M | $16.7M | $6.7M | $4.3M | $3.6M | $9.7M |
| Total operating expenses | $12.3M | $9.4M | $9.0M | $10.4M | $17.9M | $20.8M | $10.3M | $8.9M | $8.3M | $12.5M |
| Operating income | −$8.9M | −$1.6M | −$197,698 | −$3.2M | −$10.1M | −$17.4M | −$3.7M | $168,824 | −$450,703 | −$14.6M |
| Interest income | $1,356 | $2,241 | $2,100 | $7,956 | $4,640 | $4,798 | $133,517 | $36,381 | $7,900 | $17,420 |
| Interest expense | $978,900 | $460,544 | $580,630 | $556,434 | $928,352 | $1.0M | $499,852 | $484,403 | $450,024 | $498,931 |
| Income before taxes | −$10.0M | −$1.8M | −$224,170 | −$512,502 | −$11.8M | −$18.4M | −$3.9M | $677,555 | −$131,034 | −$18.5M |
| Income taxes | $43,087 | $14,143 | $7,979 | $69,869 | $5,321 | −$71,316 | −$274,480 | −$1.2M | −$1.1M | $57,844 |
| Net income | −$10.1M | −$1.8M | −$697,941 | −$7.1M | −$9.9M | −$17.7M | −$3.6M | $1.7M | $858,605 | −$18.2M |
| EBITDA | −$7.3M | $772,610 | $3.3M | $3.5M | −$8.6M | −$13.9M | −$467,933 | $3.8M | $2.4M | −$15.4M |
| EPS (diluted) | −$1.05 | −$4.08 | −$7.24 | −$0.45 | −$0.64 | −$7.91 | −$0.84 | $0.08 | −$0.09 | −$2.16 |
| Gross margin | 10.9% | 21.2% | 22.9% | 29.8% | 48.2% | 35.6% | 47.9% | 46.9% | 45.8% | 25.4% |
| Operating margin | −29.0% | −4.4% | −0.5% | −13.1% | −52.3% | −157.0% | −27.1% | 0.8% | −2.5% | −143.0% |
| Net margin | −32.7% | −5.0% | −1.8% | −29.2% | −51.2% | −159.9% | −26.1% | 8.2% | 4.7% | −178.3% |
| Jun '26 | Mar '26 | Sep '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9M | $5.9M | $6.6M | $8.8M | $9.3M | $9.0M | $9.0M | $12.3M | $7.0M | $7.0M | $8.5M | $10.5M |
| Cost of revenue | $5.2M | $5.2M | $5.8M | $7.9M | $7.5M | $7.0M | $7.0M | $9.8M | $5.1M | $5.1M | $6.1M | $6.8M |
| Gross profit | $758,303 | $758,303 | $797,169 | $887,184 | $1.8M | $2.1M | $2.1M | $2.5M | $1.9M | $1.9M | $2.3M | $3.7M |
| Research & development | $411,693 | $411,693 | $456,453 | $399,623 | $599,942 | $612,122 | $612,122 | $690,575 | $792,947 | $792,947 | $778,022 | $2.1M |
| Sales, general & admin | $1.5M | $1.5M | $2.9M | $2.6M | $2.0M | $1.5M | $1.5M | $925,245 | $1.9M | $1.9M | $1.6M | $5.2M |
| Total operating expenses | $1.9M | $1.9M | $3.3M | $3.0M | $2.6M | $2.1M | $2.1M | $1.6M | $2.7M | $2.7M | $1.5M | $7.2M |
| Operating income | −$1.1M | −$1.1M | −$2.5M | −$2.1M | −$742,103 | −$62,178 | −$62,178 | $739,268 | −$838,117 | −$838,117 | −$177,589 | −$3.5M |
| Interest expense | — | $255,645 | $255,645 | $53,847 | $53,847 | $175,305 | $175,305 | — | $261,812 | $260,886 | — | — |
| Income before taxes | −$1.2M | −$1.2M | −$2.7M | −$2.3M | −$1.2M | $297,046 | $297,046 | $765,810 | −$877,895 | −$877,895 | $645,945 | −$2.0M |
| Income taxes | $7,301 | $7,301 | $11,184 | $10,360 | $4,398 | $2,674 | $2,674 | −$13,267 | $17,257 | $17,257 | $32,793 | $4,283 |
| Net income | −$1.2M | −$1.2M | −$2.7M | −$2.3M | −$1.2M | $294,372 | $294,372 | $779,077 | −$895,152 | −$895,152 | $613,152 | −$2.0M |
| EBITDA | −$742,531 | −$742,531 | −$2.1M | −$1.6M | −$328,317 | $584,364 | $584,365 | $1.3M | −$182,823 | −$182,824 | $580,252 | $2.6M |
| EPS (diluted) | — | — | −$6.54 | −$8.85 | — | $0.13 | — | — | $0.00 | $0.09 | $0.00 | −$0.13 |
| Gross margin | 12.8% | 12.8% | 12.1% | 10.1% | 19.5% | 22.9% | 22.9% | 20.3% | 27.5% | 27.5% | 27.4% | 35.1% |
| Operating margin | −18.8% | −18.8% | −38.2% | −23.8% | −8.0% | −0.7% | −0.7% | 6.0% | −11.9% | −11.9% | −2.1% | −33.5% |
| Net margin | −21.0% | −21.0% | −40.7% | −26.6% | −13.0% | 3.3% | 3.3% | 6.3% | −12.7% | −12.7% | 7.2% | −19.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TAOP's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TAOP financial results
In fiscal year 2025 (ended December 31, 2025), Taoping reported revenue of $30.8 million, down 16.0% from the year before. It had a net loss of $10.1 million, a net profit margin of −32.7%. Diluted earnings per share came to −$1.05. Over five years revenue grew at an average rate of 22.7% a year.
See the TAOP stock overview for the latest quote and news, or the TAOP chart for price history and technical indicators.
TAOP income statement FAQ
What is Taoping's annual revenue?
Taoping reported total revenue of $30.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 16.0% from $36.7 million the previous year.
Is Taoping profitable?
No. Taoping reported a net loss of $10.1 million in fiscal 2025, a net profit margin of −32.7%; its operating margin was −29.0%.
What is Taoping's gross margin?
Taoping's gross margin was 10.9% in fiscal 2025: for every $100 of revenue, Taoping kept $11 after the direct cost of its products and services.
How much does Taoping spend on research and development?
Taoping spent $1.7 million on research and development in fiscal 2025, 5.6% of revenue.
How fast is Taoping growing?
Revenue grew 22.7% a year on average over the last five fiscal years, from $11.1 million to $30.8 million.
What are Taoping's earnings per share?
Taoping earned $-1.05 per diluted share in fiscal 2025, compared with $-4.08 a year earlier.
When does Taoping's fiscal year end?
Taoping's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.