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TANH

Tantech Holdings Ltd

TANH

Tantech Holdings Ltd • NASDAQ
$1.17 ▲ 11.43% (+0.12)
Market Cap $1.59 M
52w High $10.76
52w Low $0.94
Dividend Yield 0%
P/E -0.01
Volume 64.17K
Outstanding Shares 1.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $21.414M ▼ $1.858M ▼ $-4.549M ▼ -21.241% ▼ $-17.04 ▼ $-1.799M ▼
Q2-2024 $21.527M ▼ $3.09M ▼ $1.307M ▼ 6.071% ▼ $9.38 ▲ $4.341M ▼
Q4-2023 $27.577M ▲ $6.181M ▲ $3.572M ▲ 12.952% ▲ $0.98 ▼ $4.58M ▲
Q2-2023 $19.742M ▼ $2.157M ▼ $2.011M ▲ 10.188% ▲ $1.06 ▲ $2.113M ▲
Q4-2022 $26.465M $3.606M $921.607K 3.482% $0.76 $1.786M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $35.191M ▲ $142.952M ▲ $14.676M ▼ $131.308M ▲
Q2-2024 $34.196M ▲ $142.169M ▲ $19.087M ▲ $125.992M ▲
Q4-2023 $29.091M ▲ $141.687M ▲ $18.681M ▼ $125.718M ▲
Q2-2023 $24.718M ▲ $138.05M ▲ $19.826M ▲ $120.487M ▲
Q4-2022 $18.977M $134.132M $18.197M $118.084M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-3.47M ▼ $-460.371K ▼ $-1.022M ▼ $1.98M ▲ $965.223K ▼ $-528.08K ▼
Q2-2024 $1.307M ▼ $4.446M ▼ $-900.07K ▲ $1.489M ▲ $5.1M ▲ $4.433M ▼
Q4-2023 $3.572M ▲ $6.162M ▲ $-1.178M ▲ $-1.08M ▼ $4.384M ▼ $6.164M ▲
Q2-2023 $2.011M ▲ $-901.876K ▼ $-1.397M ▲ $8.51M ▲ $5.76M ▼ $-1.087M ▼
Q4-2022 $921.607K $55.84M $-44.978M $-666.6K $8.179M $55.78M

Revenue by Products

Product Q2-2020Q4-2020Q2-2021
Consumer Product
Consumer Product
 $10.00M ▲$10.00M ▲$20.00M ▲
Ev
Ev
 $0 ▲$0 ▲$0 ▲
Trading
Trading
 $10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Tantech’s income statement shows a very small, fairly flat business with only modest revenue and thin profitability. Sales have not meaningfully grown over the last several years, and while the company has moved from losses to roughly breakeven or slightly positive results, this improvement is fragile. Reported earnings per share swing wildly from year to year, largely reflecting share structure changes and reverse splits rather than a dramatic change in the underlying business strength. Overall, the core operations look stable but not yet scaled or strongly profitable.

Balance Sheet

Balance Sheet The balance sheet is small but relatively clean. Assets and shareholders’ equity have inched up over time, suggesting the company has managed to preserve and slightly build its capital base. Cash represents an important portion of total assets, and debt is low, which reduces financial risk and interest burden. At the same time, the small size of the balance sheet highlights that Tantech is a niche, thinly capitalized company with limited financial buffers if conditions worsen or new investments are needed.

Cash Flow

Cash Flow Cash generation from operations has hovered around breakeven, with some years modestly positive and one year negative. Free cash flow tells a similar story: the business has not been burning large amounts of cash recently, but it also has not consistently produced strong excess cash. Capital spending appears very light, which supports near‑term cash preservation but may also indicate constrained investment capacity. Overall, the cash flow profile suggests a company that is keeping itself afloat but not yet producing robust, self‑funding growth.

Competitive Edge

Competitive Edge Competitively, Tantech stands on two legs: traditional bamboo charcoal products and newer, specialized electric vehicles, plus an emerging green building materials push in North America. In bamboo charcoal, it benefits from long operating history, brand recognition in China, and involvement in setting international standards, which together create some differentiation in a fragmented, low‑barrier market. In vehicles, it pursues niche applications such as electric and autonomous street sweepers and specialty buses, avoiding head‑to‑head battles with large passenger EV makers but operating in a highly competitive and fast‑moving technology arena. The company’s overall position is that of a specialized, opportunistic player with some unique angles but limited scale and intense competitive pressure on all sides.

Innovation and R&D

Innovation and R&D Tantech shows notable innovative intent despite its small scale. In bamboo charcoal, it has contributed to international standards and claims a sizable patent portfolio, signaling technical depth, even if public detail is limited. In vehicles, it is experimenting with Lidar‑based autonomous street sweepers and specialty commercial EVs, which is a focused, technology‑driven niche. The company is also extending its materials know‑how into green building products in North America under the Tanhome brand and via U.S. subsidiaries, supported by early partnership agreements. The key questions are whether it can continue funding R&D at a meaningful level, commercialize these innovations at scale, and clearly articulate the value of its patents and technologies to the market.

Summary

Tantech is a very small, diversified company balancing a mature bamboo charcoal business with more speculative growth efforts in specialty EVs and green building materials. Financially, it appears to have low debt, modest cash, and operations that hover near breakeven, with earnings metrics distorted by repeated reverse splits and its tiny equity base. Its strengths lie in niche expertise, recognized standards work, and a willingness to pursue differentiated products rather than compete directly with consumer giants. Its main risks stem from its limited scale, thin margins, volatile reported results, intense competition, and the challenge of sustaining meaningful innovation and international expansion with constrained financial resources. The story is one of cautious stability today, with upside tied to successful execution of its specialized EV and green materials strategies, and downside if growth efforts fail to gain traction or require more capital than the company can comfortably support.