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Tantech Holdings Ltd (TANH)

Tantech Holdings Ltd reported revenue of $38.4M in fiscal 2025, down 10.7% from a year earlier. It posted a net loss of $31M. In fiscal 2025 capital spending exceeded operating cash flow by $5.8M. At December 31, 2025 it held $33M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on May 14, 2026.

Revenue (FY2025)
$38.4M
-10.7% year on year
Net margin
-80.9%

What Tantech Holdings Ltd does

Tantech Holdings Ltd is registered with the SEC under industry code SIC 2860 (Industrial Organic Chemicals). Its shares trade on NASDAQ under the ticker TANH.

Revenue and profit by year

Revenue
FY18: $29.6M $29.6M FY18FY19: $49.2M $49.2M FY19FY20: $42.3M $42.3M FY20FY21: $55.3M $55.3M FY21FY22: $53M $53M FY22FY23: $44.6M $44.6M FY23FY24: $42.9M $42.9M FY24FY25: $38.4M $38.4M FY25
Net income
FY18: $2M $2M FY18FY19: -$6.4M -$6.4M FY19FY20: -$6.5M -$6.5M FY20FY21: -$8.4M -$8.4M FY21FY22: $2.6M $2.6M FY22FY23: $5.6M $5.6M FY23FY24: -$3.2M -$3.2M FY24FY25: -$31M -$31M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$38.4M-$12.2M-$31M-$13.64-$5.8M
2024$42.9M$4M-$3.2M-$7.66$5.3M
2023$44.6M$3.7M$5.6M$80.69$5.3M
2022$53M$5.9M$2.6M$120.10$8.3M
2021$55.3M-$8.5M-$8.4M-$1,935.61-$8.3M
2020$42.3M-$10.3M-$6.5M-$2,118.96$14M

Full financial statements: income, balance sheet and cash flow

Where TANH ranks in Industrials

Revenue$38.4M
#429 of 518 in Industrials · Bottom 17%
Revenue growth-10.7%
#431 of 483 in Industrials · Bottom 11%
Net margin-80.9%
#463 of 485 in Industrials · Bottom 5%
Free cash flow margin-15.2%
#400 of 455 in Industrials · Bottom 12%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Industrials

Latest SEC filings

What Tantech Holdings Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 24, 2026
  2. September 1, 2026
  3. August 19, 2026
  4. August 7, 2026
  5. August 6, 2026
  6. August 4, 2026
  7. June 9, 2026
  8. May 14, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 11% to $38.4M versus the prior year; diluted EPS -$13.64 versus -$7.66.
  9. May 1, 2026
  10. April 2, 2026

Recent insider filings (Forms 3, 4 and 144): 6, the latest on April 9, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about TANH

What does Tantech Holdings Ltd do?

Tantech Holdings Ltd is registered with the SEC under industry code SIC 2860 (Industrial Organic Chemicals). Its shares trade on NASDAQ under the ticker TANH.

Is Tantech Holdings Ltd profitable?

No. In fiscal 2025 it reported a net loss of $31M on revenue of $38.4M.

How much revenue does Tantech Holdings Ltd make?

In fiscal 2025 Tantech Holdings Ltd reported revenue of $38.4M. That is 10.7% less than a year earlier.

When did Tantech Holdings Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on May 14, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 24, 2026.

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Where the numbers come from

Financial figures are the values Tantech Holdings Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.