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MARKETS / NASDAQ / TANH
NASDAQ · INDUSTRIAL ORGANIC CHEMICALS · SMALL CAP

Tantech Holdings Ltd. TANH

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$38.4M
▼ 10.7% YoY
$-31.0M
$-5.8M
▼ 210.1% YoY
In brief

What this company does

We develop, manufacture and trade bamboo-based charcoal products for household purification, agricultural and cleaning uses. After completing a series of reorganizations and business strategic changes, through our operating subsidiaries, today we primarily engage in development, production and distribution of various charcoal products, as well as trading bamboo charcoal products. In May 2025, we divested all of the equity we held in the subsidiaries conducting electric vehicle business to a third party and discontinued the electric vehicle segment operations. We launched our operations in North America in 2022 and entered the construction materials industry through the establishment of U.S. subsidiaries based in California in 2024. We oversee a national sales network that has a presence in 19 cities throughout China for our charcoal products. We are headquartered in the bamboo-rich southwest of Zhejiang Province, in the city of Lishui. We currently own five patents and eighteen trademarks in China covering our bamboo charcoal production.

Written from the business description in TANTECH HOLDINGS LTD's annual report to the U.S. Securities and Exchange Commission, filed 14 May 2026. Every sentence was checked against that document before publication.

Growth
USD 38.4M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 38.4 · Net income -31.0
25.0M50.0M-20.0M2013201520172019202120232025
Compound annual growth
−10.2%
−1.9%
−2.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.9% 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
−81 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -31.8% · Net -80.9%
10%20%-50%2013201520172019202120232025
ROE
FY2025 · ROE -25.7%
10%20%-10%-20%2013201520172019202120232025

Each USD of equity lost 26 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -5.8
5M10M-4M-8M2013201520172019202120232025

Total assetsUSD 124.0M
EquityUSD 110.3M
CashUSD 33.0M
Current ratio6.59×

Equity funds 89% of total assets.

The 13-year record
13 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 2025202420232022202120202019201820172016201520142013
Revenue $B0.00.00.00.10.10.00.00.00.00.00.00.10.1
Operating income $B−0.00.00.00.0−0.0−0.0−0.00.00.00.00.00.00.0
EBITDA $B−0.00.00.00.0−0.0−0.0−0.00.00.00.00.00.00.0
Income tax $B−0.00.00.00.00.0−0.00.00.00.00.00.00.00.0
Net income $B−0.0−0.00.00.0−0.0−0.0−0.00.00.00.00.00.00.0
Free cash flow $B−0.00.00.00.0−0.00.00.00.00.0−0.00.00.0−0.0
EPS, diluted $−13.64−7.6680.69120.10−48.35−52.93−2.200.070.150.190.400.330.19
Dividend / sh $·············
Payout %·············
ROE %−25.7−2.54.62.2−7.8−6.9−6.61.94.25.713.126.721.1
Shares out B·0.000.000.000.000.000.030.030.030.020.020.020.05

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 · 1 failures in 65 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 30 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityIndustrial Organic Chemicals
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsDecember 31
Data on record since2013

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