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MARKETS / NASDAQ / SAIH
NASDAQ · FINANCE SERVICES · SMALL CAP

Saiheat Ltd. SAIH

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.5M
▼ 18.4% YoY
$-6.5M
In brief

What this company does

Its computing division offers BTC joint computing power and AI cloud computing services, while its energy division provides liquid-cooled computing centers and small modular nuclear products. The Company was incorporated on February 2, 2021. Our principal place of business is located at c/o #266A South Bridge Road, #02-01 Singapore (058815). Our mission is to become the sustainable distributed crypto asset mining operator and heating supplier globally, while simultaneously promote the clean energy transition of the bitcoin mining, power and heating industries.

Written from the business description in SAIHEAT Ltd's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 4.5M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.5 · Net income -6.5
8M16M-8M-16M202020212022202320242025
Compound annual growth
−24.8%
+18.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−143 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -150.9% · Net -142.7%
10%20%-50%-100%-150%202020212022202320242025
ROE
FY2025 · ROE -59.3%
50%-50%202020212022202320242025

Each USD of equity lost 59 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -6.3
-4M-8M202020212022202320242025

Total assetsUSD 12.7M
EquityUSD 7.4M
CashUSD 202,000.00
Gross debtUSD 3.7M
Net debtUSD 3.5M
DepositsUSD 10.00

Net debt stands at 47% of equity.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B−0.0−0.0−0.0−0.0··
Income tax $B····0.00.0
Net income $B−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B·−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−3.51−3.46−3.79−6.72−1.43·
Dividend / sh $······
Payout %······
ROE %−59.3−37.7−33.0−98.5·81.2

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 27 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 68 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

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