Logo

PETZ

TDH Holdings, Inc.

PETZ

TDH Holdings, Inc. • NASDAQ
$0.99 ▼ -0.48% (-0.00)
Market Cap $10.24 M
52w High $1.68
52w Low $0.65
Dividend Yield 0%
P/E 5.83
Volume 8.28K
Outstanding Shares 10.32M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $460.316K ▲ $951.775K ▼ $345.961K ▼ 75.157% ▼ $0.034 ▼ $379.234K ▲
Q2-2024 $103.41K ▼ $1.119M ▼ $1.319M ▲ 1.275K% ▲ $0.23 ▲ $-671.927K ▲
Q4-2023 $1.623M ▲ $6.022M ▲ $-8.611M ▼ -530.546% ▼ $-0.84 ▼ $-8.447M ▼
Q2-2023 $1.553M ▼ $1.378M ▼ $64.6K ▼ 4.16% ▼ $0.006 ▼ $222.998K ▼
Q4-2022 $1.647M $1.402M $1.7M 103.195% $0.24 $2.635M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $28.652M ▲ $33.339M ▲ $5.939M ▲ $27.303M ▲
Q2-2024 $25.396M ▼ $30.63M ▲ $4.534M ▲ $25.949M ▲
Q4-2023 $26.979M ▼ $28.901M ▼ $3.852M ▼ $24.619M ▲
Q2-2023 $30.968M ▼ $35.559M ▼ $13.272M ▼ $21.92M ▲
Q4-2022 $31.779M $36.513M $15.359M $20.718M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $345.961K ▼ $2.107M ▲ $1.4M ▲ $0 $2.79M ▲ $1.986M ▲
Q2-2024 $1.319M ▲ $-2.341M ▼ $1.381M ▲ $0 ▼ $-752.317K ▲ $-4.101M ▼
Q4-2023 $-23.691M ▼ $-145.196K ▲ $-3.916M ▼ $1.922M ▼ $-4.316M ▼ $-169.687K ▲
Q2-2023 $80.152K ▼ $-2.348M ▼ $-2.151M ▼ $23.146M ▲ $-3.88M ▼ $-2.348M ▼
Q4-2022 $2.039M $-1.204M $4.726M $6.055M $8.223M $-1.078M

Five-Year Company Overview

Income Statement

Income Statement The reported income statement is extremely thin and shows no meaningful revenue over the past several years, which is unusual for a company claiming an operating business. Earnings swing between small profits and small losses, suggesting that results are likely driven by one‑off items, accounting adjustments, or changes in share count rather than a stable underlying operation. Overall, the historical income data do not yet demonstrate a proven, consistent earning power in the new real estate model. It’s best viewed as a company still in transition, with financial performance not yet clearly established in the public filings summarized here.

Balance Sheet

Balance Sheet The balance sheet is very small, with a modest asset base and a large portion of that apparently in cash. The company carries little to essentially no financial debt, which lowers balance‑sheet risk but also signals that it is operating at a very small scale. Shareholders’ equity is positive but slim, which means even modest business setbacks or write‑downs could have a noticeable impact on the company’s financial position. In short, the balance sheet looks clean but fragile, more like that of a micro‑scale or early‑stage entity than a mature operating business.

Cash Flow

Cash Flow The cash flow data provided are effectively blank, with no visible operating cash flow, investment outflows, or capital spending over several years. This could reflect data limitations, a very low level of activity, or a structure where most movements are too small to show up in this summary. Because of this, it is hard to judge the quality of earnings, the sustainability of the business model, or the company’s ability to self‑fund growth. Investors would need more detailed filings to understand how cash is actually being generated and used.

Competitive Edge

Competitive Edge TDH Holdings has pivoted away from pet food into U.S. commercial real estate, targeting small and mid‑sized tenants with a high‑touch, service‑oriented approach. Its edge is described as relationship‑driven: flexible leases, tailored solutions, and a willingness to act more like a partner than a distant landlord. The company’s very low‑debt stance is a plus in a volatile property market, potentially reducing pressure during downturns. That said, its tiny scale and limited publicly visible operating history put it at a major disadvantage against established real estate players, and its fortunes will likely depend on a narrow set of properties and tenants.

Innovation and R&D

Innovation and R&D This is not a research‑heavy or technology‑centric story; the innovation is mainly in how the company structures and services leases. The focus is on personalized leasing, flexibility, and building long‑term tenant relationships as a kind of “soft moat.” Management also emphasizes conservative financing, using mostly equity and cash rather than heavy borrowing, which is somewhat unconventional in real estate. Future growth is framed around improving occupancy, optimizing lease terms, and possibly acquiring additional properties, rather than launching new products or investing heavily in traditional R&D.

Summary

TDH Holdings today looks like a very small, transitional company that has largely reset its identity—from pet food manufacturing to U.S. commercial real estate. The financials presented here show almost no reported revenue and only minimal profits or losses, which means there is not yet a clear track record of performance in the new business line. Strengths include a simple, low‑debt balance sheet and a service‑driven strategy aimed at building strong tenant relationships in a niche segment. Key risks are its tiny scale, limited operating visibility, and exposure to the broader challenges facing commercial real estate. Overall, this appears to be an early‑stage, high‑uncertainty situation where execution on the new strategy will matter far more than the historical numbers shown so far.

NEWS

November 13, 2025 · 4:05 PM UTC

TDH Holdings, Inc. Reports First Half 2025 Financial Results

Read more

September 5, 2025 · 8:00 AM UTC

TDH Holdings Announces its Annual General Meeting of Shareholders will be Held on October 29, 2025

Read more