Taoping Inc. (TAOP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 8.8M | 8.8M | 9.3M | 9.3M | 9.04M | 9.04M | 12.28M | 12.28M | 7.04M | 7.04M | 8.47M | 8.47M | 10.54M | 3.65M | 18.42M | 9.21M | 6.43M | 3.21M | 3.66M | 3.66M |
| Revenue Growth % | -2.63% | -2.63% | -24.28% | -24.28% | 28.42% | 28.42% | 45.04% | 45.04% | -33.2% | 92.81% | -54.04% | -8.08% | 63.98% | 13.63% | 402.92% | 151.46% | 71.93% | 71.93% | 9.19% | 9.19% |
| Cost of Goods Sold | 7.91M | 7.91M | 7.48M | 7.48M | 6.97M | 6.97M | 9.79M | 9.79M | 5.1M | 5.1M | 6.14M | 6.14M | 6.84M | 2.36M | 10.99M | 5.76M | 4.29M | 2.14M | 2.37M | 2.47M |
| COGS % of Revenue | 89.92% | 89.92% | 80.48% | 80.48% | 77.1% | 77.1% | 79.73% | 79.73% | 72.48% | 72.48% | 72.57% | 72.57% | 64.89% | 64.58% | 59.68% | 62.52% | 66.72% | 66.72% | 64.83% | 67.56% |
| Gross Profit | 887.18K | 887.18K | 1.81M | 1.81M | 2.07M | 2.07M | 2.49M | 2.49M | 1.94M | 1.94M | 2.32M | 2.32M | 3.7M | 1.29M | 7.43M | 3.45M | 2.14M | 1.07M | 1.29M | 1.19M |
| Gross Margin % | 10.08% | 10.08% | 19.52% | 19.52% | 22.9% | 22.9% | 20.27% | 20.27% | 27.52% | 27.52% | 27.43% | 27.43% | 35.11% | 35.42% | 40.32% | 37.48% | 33.28% | 33.28% | 35.17% | 32.44% |
| Gross Profit Growth % | -57.15% | -57.15% | -27.07% | -27.07% | 6.86% | 6.86% | 7.18% | 7.18% | -47.63% | 49.83% | -68.74% | -32.74% | 73.03% | 20.95% | 476.5% | 190.51% | 45.76% | 45.76% | -26.1% | -31.83% |
| Operating Expenses | 2.98M | 2.98M | 2.56M | 2.56M | 2.13M | 2.13M | 1.75M | 1.56M | 2.68M | 2.68M | 1.55M | 1.55M | 7.23M | 2.05M | 2M | 957.3K | 16.06M | 8.06M | 6.17M | 6.07M |
| OpEx % of Revenue | 33.85% | 33.85% | 27.5% | 27.5% | 23.59% | 23.59% | 14.25% | 12.74% | 38.14% | 38.14% | 18.26% | 18.26% | 68.64% | 56.19% | 10.84% | 10.39% | 249.95% | 250.93% | 168.5% | 165.77% |
| Selling, General & Admin | 2.58M | 2.58M | 1.96M | 1.96M | 1.52M | 1.52M | 1.06M | 1.06M | 1.98M | 1.98M | 1.72M | 1.72M | 5.18M | 1.67M | -222.76K | 111.38K | 13.8M | 6.9M | 5.11M | 5.11M |
| SG&A % of Revenue | 29.31% | 29.31% | 21.05% | 21.05% | 16.82% | 16.82% | 8.62% | 8.62% | 28.17% | 28.17% | 20.33% | 20.33% | 49.18% | 45.83% | -1.21% | 1.21% | 214.77% | 214.77% | 139.42% | 139.42% |
| Research & Development | 399.62K | 399.62K | 599.94K | 599.94K | 612.12K | 612.12K | 690.58K | 690.58K | 792.95K | 792.95K | 778.02K | 778.02K | 2.05M | 1.03M | 2.22M | 1.11M | 2.26M | 1.13M | 1.04M | 1.04M |
| R&D % of Revenue | 4.54% | 4.54% | 6.45% | 6.45% | 6.77% | 6.77% | 5.62% | 5.62% | 11.27% | 11.27% | 9.19% | 9.19% | 19.46% | 28.08% | 12.05% | 12.05% | 35.18% | 35.18% | 28.48% | 28.48% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.09M | -2.09M | -742.1K | -742.1K | -62.18K | -62.18K | 739.27K | 739.27K | -838.12K | -838.12K | -177.59K | -177.59K | -3.53M | -1.41M | 5.43M | 2.45M | -13.92M | -6.96M | -4.86M | -4.96M |
| Operating Margin % | -23.77% | -23.77% | -7.98% | -7.98% | -0.69% | -0.69% | 6.02% | 6.02% | -11.91% | -11.91% | -2.1% | -2.1% | -33.53% | -38.49% | 29.48% | 26.65% | -216.67% | -216.67% | -132.73% | -135.46% |
| Operating Income Growth % | -3264.64% | -3264.64% | -200.38% | -200.38% | 92.58% | 92.58% | 516.28% | 516.28% | 76.27% | 40.36% | -103.27% | -107.24% | 74.63% | 79.81% | 211.72% | 149.47% | -84.55% | -84.55% | -400.83% | -411.13% |
| EBITDA | -1.68M | -1.68M | -281.5K | -281.5K | 535.88K | 535.88K | 1.33M | 1.33M | -182.82K | -182.82K | 580.25K | 580.25K | 487.58K | -395.17K | 6.42M | 2.95M | -11.21M | -5.6M | -3.92M | -4.02M |
| EBITDA Margin % | -19.14% | -19.14% | -3.03% | -3.03% | 5.93% | 5.93% | 10.84% | 10.84% | -2.6% | -2.6% | 6.85% | 6.85% | 4.63% | -10.82% | 34.87% | 32.03% | -174.45% | -174.45% | -107.14% | -109.87% |
| EBITDA Growth % | -414.31% | -414.31% | -121.16% | -121.16% | 393.11% | 393.11% | 129.32% | 129.32% | -137.5% | 53.74% | -90.97% | -80.33% | 104.35% | 92.95% | 263.67% | 173.31% | -88.75% | -88.75% | -1282.29% | -1317.51% |
| D&A (Non-Cash Add-back) | 407.74K | 407.74K | 460.6K | 460.6K | 598.05K | 598.05K | 591.35K | 591.35K | 655.29K | 655.29K | 757.84K | 757.84K | 4.02M | 1.01M | 991.81K | 495.9K | 2.71M | 1.36M | 937.22K | 937.22K |
| EBIT | -2.09M | -2.09M | -742.1K | -742.1K | -62.18K | -62.18K | 739.27K | 739.27K | -838.12K | -838.12K | -177.59K | -177.59K | -1.41M | -1.41M | 1.33M | 2.45M | -6.96M | -6.96M | -4.86M | -4.96M |
| Net Interest Income | -233.13K | -233.13K | -53.85K | -53.85K | 0 | 0 | -158.36K | 158.36K | -130.91K | 130.91K | -260.89K | 130.39K | 143.85K | 143.85K | 222.65K | 222.64K | 239.22K | 239.22K | 312.73K | 312.73K |
| Interest Income | -233.13K | -233.13K | 0 | 0 | 0 | 0 | 0 | 158.36K | 130.91K | 130.91K | 0 | 130.39K | 143.85K | 143.85K | 222.65K | 222.64K | 239.22K | 239.22K | 312.73K | 312.73K |
| Interest Expense | 0 | 0 | 53.85K | 53.85K | 0 | 0 | 316.72K | 0 | 261.81K | 0 | 260.89K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -237.35K | -237.35K | -457.56K | -457.56K | 359.22K | 359.22K | 6 | 26.54K | -39.78K | -39.78K | 823.53K | 823.53K | 2.63M | 503.03K | -886.63K | -331.93K | 6.69M | -270.92K | -334.55K | -284.54K |
| Pretax Income | -2.33M | -2.33M | -1.2M | -1.2M | 297.05K | 297.05K | 739.27K | 765.81K | -877.89K | -877.89K | 645.95K | 645.95K | -2M | -902.2K | 4.54M | 2.27M | -14.46M | -7.23M | -5.2M | -5.2M |
| Pretax Margin % | -26.47% | -26.47% | -12.9% | -12.9% | 3.29% | 3.29% | 6.02% | 6.24% | -12.47% | -12.47% | 7.63% | 7.63% | -18.95% | -24.71% | 24.67% | 24.67% | -225.1% | -225.1% | -141.86% | -141.86% |
| Income Tax | 10.36K | 10.36K | 4.4K | 4.4K | 2.67K | 2.67K | -39.8K | -13.27K | 17.26K | 17.26K | 32.79K | 32.79K | 4.28K | 2.14K | 4.45K | 2.23K | 871 | 436 | -729 | -729 |
| Effective Tax Rate % | -0.44% | -0.44% | -0.37% | -0.37% | 0.9% | 0.9% | -5.38% | -1.73% | -1.97% | -1.97% | 5.08% | 5.08% | -0.21% | -0.24% | 0.1% | 0.1% | -0.01% | -0.01% | 0.01% | 0.01% |
| Net Income | -2.34M | -2.34M | -1.2M | -1.2M | 294.37K | 294.37K | 555.54K | 779.08K | -895.15K | -895.15K | 613.15K | 613.15K | -2M | -904.34K | 4.17M | 2.09M | -14.1M | -7.05M | -5.01M | -5.01M |
| Net Margin % | -26.58% | -26.58% | -12.95% | -12.95% | 3.26% | 3.26% | 4.52% | 6.34% | -12.72% | -12.72% | 7.24% | 7.24% | -18.99% | -24.77% | 22.66% | 22.66% | -219.41% | -219.41% | -136.76% | -136.76% |
| Net Income Growth % | -894.84% | -894.84% | -316.74% | -254.55% | 132.89% | 132.89% | -9.4% | 27.06% | 55.25% | 1.02% | -85.31% | -70.62% | 85.81% | 87.17% | 183.32% | 141.66% | -83.65% | -83.65% | -466.94% | -466.94% |
| Net Income (Continuing) | -2.34M | -2.34M | -1.2M | -1.2M | 294.37K | 294.37K | 779.08K | 779.08K | -895.15K | -895.15K | 613.15K | 613.15K | -904.34K | -904.34K | 2.27M | 2.27M | -7.23M | -7.23M | -5.2M | -5.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -223.53K | -223.53K | 0 | -9.36K | 0 | 0 | -95.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.76K | -1.76K | 8.26M | 8.26M | 8.64M | 8.64M |
| EPS (Diluted) | -3.27 | -3.27 | -4.43 | -4.43 | 0.06 | 0.06 | 0.37 | 0.36 | -0.55 | -0.55 | 0.39 | 0.39 | -1.31 | -0.57 | 2.69 | 1.39 | -13.10 | -6.55 | -6.53 | -6.53 |
| EPS Growth % | -5169.77% | -5169.77% | -1297.3% | -1330.56% | 111.73% | 111.73% | -5.13% | -7.69% | 58.02% | 3.51% | -85.5% | -71.94% | 90% | 91.3% | 141.19% | 121.29% | -21.3% | -20.85% | -414.17% | -414.17% |
| EPS (Basic) | -3.27 | -3.27 | -4.36 | -4.36 | 0.07 | 0.07 | 0.37 | 0.36 | -0.55 | -0.55 | 0.38 | 0.38 | -1.31 | -0.57 | 2.69 | 1.76 | -13.10 | -6.55 | -6.55 | -6.55 |
| Diluted Shares Outstanding | 715.53K | 715.53K | 276.1K | 276.1K | 4.56M | 4.56M | 2.18M | 2.18M | 1.64M | 1.64M | 1.59M | 1.59M | 1.53M | 1.58M | 1.55M | 1.5M | 1.08M | 1.08M | 767.11K | 767.11K |
| Basic Shares Outstanding | 715.53K | 715.53K | 272.06K | 272.06K | 4.53M | 4.53M | 1.56M | 2.19M | 1.64M | 1.64M | 1.6M | 1.6M | 1.53M | 1.58M | 1.55M | 1.19M | 1.08M | 1.08M | 764.34K | 764.34K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |