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AIHS

Senmiao Technology Limited

AIHS

Senmiao Technology Limited • NASDAQ
$1.29 ▼ -6.52% (-0.09)
Market Cap $1.51 M
52w High $17.00
52w Low $0.83
Dividend Yield 0%
P/E -0.46
Volume 44.56K
Outstanding Shares 1.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $936.344K ▲ $907.255K ▲ $-648.743K ▼ -69.285% ▼ $-0.43 ▲ $-758.213K ▼
Q1-2025 $860.099K ▲ $808.245K ▼ $-164.397K ▲ -19.114% ▲ $-1.5 ▼ $-6.891K ▲
Q4-2024 $844.347K ▼ $2.095M ▲ $-1.775M ▼ -210.236% ▼ $-0.14 ▼ $-1.596M ▼
Q3-2024 $919.836K ▲ $882.611K ▲ $-565.315K ▲ -61.458% ▲ $-0.054 ▲ $-265.259K ▼
Q2-2024 $745.88K $712.646K $-711.449K -95.384% $-0.068 $66.428K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $676.98K ▼ $4.682M ▼ $4.771M ▼ $-132.073K ▲
Q1-2025 $867.767K ▲ $5.306M ▼ $4.857M ▼ $-2.643M ▲
Q4-2024 $833.577K ▼ $5.801M ▼ $5.453M ▼ $-2.856M ▼
Q3-2024 $949.224K ▲ $7.892M ▼ $5.661M ▲ $-1.167M ▼
Q2-2024 $792.025K $8.597M $5.644M $-459.232K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-723.73K ▼ $-71.392K ▲ $-223.789K ▼ $38.537K ▼ $-190.73K ▼ $-71.387K ▲
Q1-2025 $-276.438K ▲ $-321.155K ▼ $-385 ▲ $377.471K ▲ $34.19K ▲ $-321.155K ▼
Q4-2024 $-2.336M ▼ $-48.139K ▼ $-16.57K ▲ $-106.192K ▼ $-115.647K ▼ $-48.134K ▼
Q3-2024 $-583.378K ▼ $355.908K ▲ $-177.007K ▲ $28.765K ▲ $157.199K ▲ $355.675K ▲
Q2-2024 $-238.739K $175.587K $-278.451K $7.414K $40.568K $175.581K

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Other Revenue Member
Other Revenue Member
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a business operating at a very small scale, with only minimal revenue over the past several years. Gross profit is essentially nonexistent and operating results hover around break-even with small losses. Earnings per share remain negative, partly reflecting past dilution and very low revenue against the company’s cost base. Overall, the income statement suggests a company still searching for a sustainable and meaningful source of revenue rather than one already operating a mature, profitable model.

Balance Sheet

Balance Sheet The balance sheet is very thin, with only modest total assets and effectively no cash buffer reported. Debt has been minimal, but equity is also very small, indicating limited financial cushioning and little room to absorb shocks. The history of reverse stock splits highlights efforts to maintain listing and recapitalize despite a very small equity base. Financially, the company appears fragile and highly dependent on future capital inflows and successful execution of its new strategy.

Cash Flow

Cash Flow Cash flows from operations have been close to zero, with occasional small outflows, reflecting limited business activity and very tight working capital. Free cash flow has also been near zero, helped by almost no capital spending, which also indicates that large long-term investments have not yet been made on the balance sheet. In practice, this means the company’s ability to fund its pivot depends more on external financing and partnerships than on internally generated cash.

Competitive Edge

Competitive Edge Competitively, Senmiao is trying to move away from directly competing with the dominant ride-hailing platforms in China and toward a niche role as a technology and data service provider. Its potential strengths lie in its proprietary historical ride-hailing data, industry relationships, and partnerships with specialized AI technology firms. However, the company is small relative to the market leaders and must prove it can convert these advantages into paying customers and recurring contracts before it can claim a durable competitive position.

Innovation and R&D

Innovation and R&D Innovation is the centerpiece of the company’s strategy. Senmiao is working on AI-based data management systems for ride-hailing operators and an AI-driven “Thinking Cell” application to support local merchants and drivers. Instead of building entirely new models from scratch, the company is leveraging existing AI models and its data, plus outside partners with technical expertise. The opportunity is to turn its historical data and know-how into scalable software and services, but this is still in development and commercialization is at an early stage, so outcomes remain uncertain.

Summary

Overall, Senmiao is a very small, financially fragile company attempting a significant strategic pivot—from a hands-on ride-hailing operator to a data- and AI-driven technology enabler for the mobility ecosystem. The financial statements show minimal revenue, thin capitalization, and limited internal cash generation, which heightens execution and funding risk. On the other hand, the company is trying to build on a differentiated asset—its ride-hailing data and relationships—via partnerships and AI solutions. The story is less about current financial strength and more about whether this new, data-focused model can gain traction quickly enough to justify and sustain the transition.

NEWS

November 20, 2025 · 4:05 PM UTC

Senmiao Technology Limited Closes $2.8 Million Registered Direct Offering

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November 14, 2025 · 9:15 AM UTC

Senmiao Technology Announces $2.8 Million Registered Direct Offering

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