TANH Class A Tantech Holdings Ltd. - Class A Common Shares
NASDAQ · Chemicals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q May 14, 2026
$14.79
· of 52w range
· above low
· to high
$10.0552w low
$98.0052w high
P/E
-0.1
EPS
$-13.64
Revenue
$38M
your badges
52W Range
$10–$98
Analyst Rating
·
Price Target
·
P/E
-0.1
ROE
-25.7%
Net Profit Margin
-80.9%
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TANH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$14.79
P/E
-0.1
EPS
$-13.64
Revenue
$38M
ROE
-25.7%
52W Range
$10–$98
TANH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 4, 2026 | 1-for-50 | Reverse |
| Feb. 13, 2025 | 1-for-40 | Reverse |
| Nov. 9, 2022 | 1-for-24 | Reverse |
| Feb. 28, 2022 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$38M2016-12-31 → 2025-12-31
EPS$-13.642019-12-31 → 2025-12-31
Free Cash Flow$-6M2016-12-31 → 2025-12-31
Net margin-80.9%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | TANH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.15Y avg ≈-18.2 | ≈-18.2 | · | · | |
| Price / Tangible Book | 0.15Y avg ≈62.5 | ≈62.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | TANH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 18.6%5Y avg ≈19.7% | ≈19.7% | · | · | |
| Operating Margin | -31.8%5Y avg ≈-5.1% | ≈-5.1% | · | · | |
| EBITDA Margin | -31.8%5Y avg ≈-5.1% | ≈-5.1% | · | · | |
| Pretax Margin | -87.3%5Y avg ≈-14.9% | ≈-14.9% | · | · | |
| Net Profit Margin | -80.9%5Y avg ≈-17.8% | ≈-17.8% | · | · | |
| ROA | -23.2%5Y avg ≈-5.4% | ≈-5.4% | · | · | |
| ROE | -25.7%5Y avg ≈-6.0% | ≈-6.0% | · | · | |
| ROIC | -10.2%5Y avg ≈-5.8% | ≈-5.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | TANH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 6.65Y avg ≈7.2 | ≈7.2 | · | · | |
| Quick Ratio | 5.45Y avg ≈2.7 | ≈2.7 | · | · | |
| Interest Coverage | -43.75Y avg ≈-5.9 | ≈-5.9 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | TANH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.4 | ≈0.4 | · | · | |
| Inventory Turnover | 181.75Y avg ≈94.2 | ≈94.2 | · | · | |
| Receivables Turnover | 1.3 | · | · | · | |
| Revenue / Employee | ≈$852.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38M | $43M | $45M | $53M | $55M | $42M | $49M | $30M | $42M | $40M | $47M | $65M | |
| Cost of Revenue | $31M | $34M | $35M | $43M | $45M | $38M | $43M | $22M | $32M | $27M | $32M | $45M | |
| Gross Profit | $7M | $9M | $10M | $10M | $10M | $4M | $6M | $8M | $11M | $13M | $15M | $21M | |
| R&D Expense | $78.6K | $38.8K | $23.9K | $23.2K | $8M | $890.3K | $327.3K | $386.6K | $627.6K | $136.6K | $1M | $745.6K | |
| SG&A Expense | $19M | $5M | $6M | $4M | $9M | $955.2K | $5M | $5M | $5M | $4M | $5M | $2M | |
| Operating Expenses | $19M | $5M | $6M | $4M | $19M | $15M | $15M | $6M | $6M | $4M | $7M | $3M | |
| Operating Income | $-12M | $4M | $4M | $6M | $-9M | $-10M | $-9M | $2M | $5M | $9M | $8M | $17M | |
| Interest Expense | $279.6K | $290.4K | $301.5K | $476.2K | $740.4K | $300.1K | $443.3K | $626.3K | $551.0K | $470.7K | $410.5K | $547.6K | |
| Other Non-op | $-21M | $-3M | $6M | $1M | $251.3K | $-39.5K | $3.7K | $247.1K | $436.1K | $-318.5K | $1M | $397.6K | |
| Pretax Income | $-34M | $624.3K | $9M | $7M | $-8M | $-11M | $-9M | $2M | $4M | $8M | $9M | $18M | |
| Income Tax | $-3M | $3M | $2M | $3M | $2M | $-611.7K | $363.7K | $1M | $2M | $1M | $2M | $3M | |
| Net Income | $-31M | $-3M | $6M | $3M | $-11M | $-10M | $-6M | $2M | $4M | $4M | $8M | $14M | |
| EPS (Basic) | $-13.64 | $-7.66 | $80.69 | $121.21 | $-48.35 | $-52.93 | $-2.20 | · | · | · | · | · | |
| EPS (Diluted) | $-13.64 | $-7.66 | $80.69 | $120.10 | $-48.35 | $-52.93 | $-2.20 | · | · | · | · | · | |
| Shares (Basic) | 2,303,740 | 423,174 | 69,186 | 24,923 | 172,864 | 123,193 | 2,885,324 | · | · | · | · | · | |
| Shares (Diluted) | 2,303,740 | 423,174 | 69,186 | 25,154 | 172,864 | 123,193 | 2,885,324 | · | · | · | · | · | |
| EBITDA | $-12M | $4M | $2M | $5M | $-9M | $-10M | $-9M | $2M | $5M | $6M | $12M | $19M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $33M | $35M | $29M | $19M | $43M | $37M | $12M | $8M | $10M | $6M | $6M | $415.3K | |
| Receivables | $28M | $33M | · | · | · | · | · | · | $50M | $41M | $40M | $44M | |
| Inventory | $152.4K | $191.2K | $236.4K | $898.7K | $1M | $671.3K | $595.6K | $2M | $3M | $1M | $1M | $1M | |
| Prepaid Expense | $2M | $2M | $176.6K | $1M | $824.2K | $45.5K | $91.4K | $954.4K | $2M | · | · | · | |
| Other Current Assets | $203.4K | $160.2K | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $74M | $118M | $116M | $107M | $106M | $82M | $68M | $70M | $89M | $64M | $64M | $60M | |
| PP&E (Net) | $102.8K | $123.3K | $25.9K | $2M | $2M | $2M | $3M | $3M | $3M | $9M | $11M | $13M | |
| PP&E (Gross) | $338.8K | $352.0K | $254.4K | $7M | $8M | $8M | $8M | $8M | $17M | $15M | $16M | $17M | |
| Accum. Depreciation | $236.0K | $228.7K | $228.5K | $5M | $6M | $5M | $5M | $5M | $8M | $6M | $5M | $4M | |
| Goodwill | · | · | · | · | · | · | $0 | $9M | $9M | $0 | · | · | |
| Intangibles | $170.8K | $184.5K | $211.1K | $184.8K | $206.0K | $664.0K | $13M | $15M | $2M | $2M | $2M | $2M | |
| Other Non-current Assets | · | · | · | · | $27M | $32M | · | · | · | · | · | · | |
| Total Assets | $124M | $143M | $142M | $134M | $135M | $116M | $115M | $134M | $138M | $94M | $87M | $79M | |
| Accounts Payable | $477.8K | $358 | $851.4K | $2M | $2M | $2M | · | · | · | $2M | $3M | $4M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | $312.2K | $82.7K | |
| Current Liabilities | $11M | $12M | $18M | $14M | $22M | $17M | $19M | $22M | $27M | $14M | $14M | $16M | |
| Capital Leases | $745.1K | $919.8K | $1M | $1M | $223.3K | · | · | · | · | · | · | · | |
| Deferred Tax | · | · | · | $0 | $0 | $0 | $2M | $2M | · | · | · | · | |
| Total Liabilities | $14M | $15M | $19M | $18M | $22M | $17M | $21M | $24M | $29M | $14M | · | · | |
| Common Stock | · | · | · | $292.3K | $64.0K | $35.9K | $28.9K | $28.9K | $28.7K | $24.3K | $21.6K | $20.0K | |
| Retained Earnings | $17M | $49M | $45M | $39M | $37M | $45M | $52M | $58M | $56M | $53M | $48M | $41M | |
| AOCI | $-11M | $-12M | $-12M | $-8M | $1M | $-1M | $-8M | $-2M | $-1M | $-5M | $-262.9K | $4M | |
| Stockholders' Equity | $110M | $131M | $126M | $118M | $114M | $99M | $90M | $102M | $101M | $80M | $70M | $59M | |
| Liabilities + Equity | $124M | $143M | $142M | $134M | $135M | $116M | $115M | $134M | $138M | $94M | $87M | $79M | |
| Shares Outstanding | · | 1,132,658 | 94,925 | 1,217,906 | 266,640 | 3,589,409 | 28,853,242 | 28,853,242 | 28,703,242 | 24,311,935 | 21,600,000 | 20,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | · | $1M | $2M | |
| Stock-based Comp | · | · | $0 | $0 | $2M | $0 | · | · | · | · | · | · | |
| Deferred Tax | $-5M | $0 | $0 | $0 | $0 | $-2M | $-165.5K | $0 | $193.7K | $-98.5K | $0 | $329.6K | |
| Amort. of Intangibles | $21.3K | $21.1K | $10.9K | $8.1K | $472.1K | $441.5K | $441.5K | $443.3K | $201.6K | $6.8K | $9.8K | $216.1K | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | · | $-5M | $-13M | |
| Operating Cash Flow | $-6M | $5M | $5M | $8M | $-8M | $14M | $15M | $15M | $2M | $-7M | $4M | $2M | |
| CapEx | $0 | $80.5K | $431 | $1.6K | $220.3K | $144.8K | $92.4K | $559.0K | $1M | $8.3K | $242.6K | $2M | |
| Investing Cash Flow | $-1M | $-3M | $-3M | $-45M | $524.1K | $-123.0K | $-6M | $-18M | $-3M | $-2M | $-7M | · | |
| Stock Issued | · | $2M | $6M | $10M | $19M | $9M | $0 | $0 | $6M | $8M | $6M | $0 | |
| Net Stock Activity | · | $2M | $6M | $10M | $19M | · | $0 | $0 | $6M | $8M | $6M | · | |
| Financing Cash Flow | $3M | $3M | $7M | $15M | $13M | $9M | $-5M | $-810.0K | $8M | $9M | $9M | · | |
| Net Change in Cash | $-2M | $6M | $10M | $-25M | $6M | $25M | $3M | $-4M | $7M | $-38.7K | $6M | $-1M | |
| Free Cash Flow | $-6M | $4M | $5M | $8M | $-8M | $14M | $15M | $14M | $2M | $-7M | $4M | $866.0K | |
| Levered FCF | $-6M | $5M | $5M | $8M | $-9M | $14M | $14M | $14M | $2M | $-7M | $4M | $407.3K |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6% | 20.8% | 21.5% | 18.9% | 18.9% | 10.6% | 12.1% | 27.2% | 24.8% | 28.4% | 28.7% | 31.5% | |
| Operating Margin | -31.8% | 9.3% | 3.9% | 8.6% | -15.4% | -24.5% | -18.1% | 8.0% | 10.7% | 13.2% | 17.4% | 26.2% | |
| Net Margin | -80.9% | -8.3% | 10.6% | 4.8% | -15.1% | -15.4% | -12.9% | 6.7% | 8.7% | 9.0% | 14.3% | 21.3% | |
| Pretax Margin | -87.3% | 1.5% | 15.6% | 10.7% | -14.9% | -25.1% | -18.9% | 6.9% | 10.5% | 12.5% | 19.2% | 26.8% | |
| EBITDA Margin | -31.8% | 9.3% | 3.9% | 8.6% | -15.4% | -24.5% | -18.1% | 8.0% | 10.7% | 13.2% | 19.8% | 28.5% | |
| ROA | -23.2% | -2.5% | 3.6% | 1.9% | -6.7% | -5.6% | -5.1% | 1.5% | 3.2% | 4.7% | 10.2% | 19.1% | |
| ROE | -25.7% | -2.8% | 4.1% | 2.2% | -7.8% | -6.9% | -6.6% | 1.9% | 4.2% | 5.7% | 13.1% | 26.7% | |
| ROIC | -10.2% | -12.1% | 0.99% | 1.8% | -9.6% | -9.9% | -10.3% | 1.1% | 3.0% | 6.0% | 11.6% | 24.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.6 | 10.0 | 6.6 | 7.9 | 4.9 | 4.9 | 3.6 | 3.2 | 3.3 | 4.5 | 4.6 | 3.7 | |
| Quick Ratio | 5.4 | 3.0 | 1.7 | 1.4 | 2.0 | 2.2 | 0.7 | 0.3 | 2.2 | 3.3 | 3.3 | 2.7 | |
| Interest Coverage | -43.7 | 13.7 | 4.4 | 7.6 | -11.5 | -34.5 | -20.1 | 3.8 | 8.4 | 13.1 | 24.8 | 31.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 0.4 | 0.5 | 0.7 | 0.9 | |
| Inventory Turnover | 181.7 | 159.0 | 34.8 | 44.1 | 51.5 | 59.7 | 33.9 | 9.5 | 16.9 | 29.7 | 34.4 | 33.4 | |
| Receivables Turnover | 1.3 | · | · | · | · | · | · | · | 0.9 | 1.2 | 1.4 | 1.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $115.93 | $33.11 | $96.96 | $17.85 | $2.75 | $3.13 | $3.54 | $3.51 | $3.30 | $3.22 | $2.97 | |
| Revenue / Share | $16.65 | $101.47 | $17.10 | $53.16 | $13.32 | · | · | · | · | · | · | · | |
| Cash Flow / Share | $-2.52 | $9.42 | $1.90 | $8.24 | $-1.95 | · | · | · | · | · | · | · | |
| Cash / Share | · | $31.07 | $7.66 | $15.58 | $6.74 | $1.03 | $0.43 | $0.27 | $0.35 | $0.24 | $0.29 | $0.02 | |
| EPS (TTM) | $-13.64 | $-7.66 | $80.69 | $120.10 | $-48.35 | $-52.93 | $-2.20 | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $38M | $43M | $45M | $53M | $55M | $42M | $49M | $30M | $42M | $40M | $47M | $65M | |
| Net Income TTM | $-31M | $-3M | $6M | $3M | $-11M | $-10M | $-6M | $2M | $4M | $4M | $8M | $14M | |
| Market Cap | · | $10M | $181M | $105M | $28.26B | $475.52B | $501.35B | $481.96B | $710.92B | $471.46B | $1.09T | · | |
| P/E | -0.1 | -1.1 | 0.6 | 0.7 | -91.3 | -250.3 | -7898.2 | · | · | · | · | · | |
| P/S | · | 0.2 | 4.0 | 2.0 | 511.4 | 11246.1 | 10183.8 | 16303.8 | 16807.6 | 11815.3 | 23298.6 | · | |
| P/B | · | 0.1 | 1.4 | 0.9 | 247.3 | 4810.4 | 5559.1 | 4722.0 | 7051.9 | 5878.1 | 15661.0 | · | |
| P / Tangible Book | · | 0.1 | 1.4 | 0.9 | 247.8 | 4843.0 | · | · | · | · | · | · | |
| P / Cash Flow | · | 2.4 | 34.4 | 12.6 | -3493.0 | 33554.9 | 34112.9 | 32865.2 | 308555.2 | -67034.5 | 245074.9 | · | |
| P / FCF | · | 2.4 | 35.6 | 12.8 | -3400.4 | 33901.3 | 34328.6 | 34167.7 | 319979.7 | -66931.5 | 259201.2 | · | |
| Earnings Yield | -1364.0% | -90.8% | 169.5% | 139.7% | -1.1% | -0.40% | -0.01% | · | · | · | · | · |
Per Share
| Metric | Trend | Q4 2021 | Q4 2019 | Q4 2015 |
|---|---|---|---|---|
| EPS (TTM) | $-48.35 | $-2.20 | · |
Valuation (TTM)
| Metric | Trend | Q4 2021 | Q4 2019 | Q4 2015 |
|---|---|---|---|---|
| Revenue TTM | $55M | $49M | $47M | |
| Net Income TTM | $-11M | $-6M | $8M | |
| P/E | -91.3 | -7898.2 | · | |
| Earnings Yield | -1.1% | -0.01% | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $38M | $43M | $45M | $53M | $55M |
| Gross Margin % | 18.6% | 20.8% | 21.5% | 18.9% | 18.9% |
| Operating Margin % | -31.8% | 9.3% | 3.9% | 8.6% | -15.4% |
| Net Income | $-31M | $-3M | $6M | $3M | $-11M |
| Diluted EPS | $-13.64 | $-7.66 | $80.69 | $120.10 | $-48.35 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 6.6 | 10.0 | 6.6 | 7.9 | 4.9 |
| Quick Ratio | 5.4 | 3.0 | 1.7 | 1.4 | 2.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-6M | $4M | $5M | $8M | $-8M |
Institutional owners (13F) 9 filers · $61K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
9
Value held
$61K
New positions
6
Exited positions
2
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 6 (+3 vs prior Q) | 2 (+1 vs prior Q) | 2 (+1 vs prior Q) | 1 (0 vs prior Q) | +171K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| XTX Topco Ltd | $22,717 | 59,767 | 37.39% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,268 | 37,537 | 23.48% | Shares |
| JANE STREET GROUP, LLC | $11,943 | 31,421 | 19.65% | Shares |
| Marex Group Ltd | $10,733 | 28,236 | 17.66% | Shares |
| UBS Group AG | $682 | 1,795 | 1.12% | Shares |
| SBI Securities Co., Ltd. | $394 | 1,036 | 0.65% | Shares |
| Virtu Financial LLC | $16 | 42,013 | 0.03% | Shares |
| HRT FINANCIAL LP | $11 | 30,173 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $0 | 1 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Henglong Chen | May 11, 2016 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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Source: SEC 20-F filed May 14, 2026