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Side-by-side financial comparison of SOLAI Ltd (SLAI) and TANTECH HOLDINGS LTD (TANH). Click either name above to swap in a different company.
TANTECH HOLDINGS LTD is the larger business by last-quarter revenue ($21.5M vs $11.0M, roughly 2.0× SOLAI Ltd). TANTECH HOLDINGS LTD runs the higher net margin — 8.2% vs -126.2%, a 134.4% gap on every dollar of revenue. On growth, TANTECH HOLDINGS LTD posted the faster year-over-year revenue change (-0.2% vs -43.1%).
Tantech Holdings Ltd is a China-based specialty manufacturing enterprise focused on R&D, production and distribution of bamboo-derived carbon products, high-performance clean energy materials and eco-friendly consumer goods, serving customers across Chinese and global markets in consumer goods, industrial materials and new energy segments.
SLAI vs TANH — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.0M | $21.5M |
| Net Profit | $-13.9M | $1.8M |
| Gross Margin | 0.1% | 22.2% |
| Operating Margin | -126.2% | 10.8% |
| Net Margin | -126.2% | 8.2% |
| Revenue YoY | -43.1% | -0.2% |
| Net Profit YoY | -173.4% | 59.8% |
| EPS (diluted) | $-0.01 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q2 25 | $11.0M | $21.5M | ||
| Q2 24 | $19.4M | $21.5M |
| Q2 25 | $-13.9M | $1.8M | ||
| Q2 24 | $18.9M | $1.1M |
| Q2 25 | 0.1% | 22.2% | ||
| Q2 24 | 52.4% | 22.3% |
| Q2 25 | -126.2% | 10.8% | ||
| Q2 24 | -2.6% | 8.0% |
| Q2 25 | -126.2% | 8.2% | ||
| Q2 24 | 97.9% | 5.1% |
| Q2 25 | $-0.01 | — | ||
| Q2 24 | $0.02 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2M | $35.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $43.8M | $128.3M |
| Total Assets | $69.1M | $143.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $1.2M | $35.2M | ||
| Q2 24 | $2.3M | $34.2M |
| Q2 25 | $43.8M | $128.3M | ||
| Q2 24 | $45.9M | $126.0M |
| Q2 25 | $69.1M | $143.0M | ||
| Q2 24 | $63.3M | $142.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-17.0M | — |
| Free Cash FlowOCF − Capex | $-17.0M | — |
| FCF MarginFCF / Revenue | -154.2% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $-17.0M | — | ||
| Q2 24 | $-12.1M | $4.4M |
| Q2 25 | $-17.0M | — | ||
| Q2 24 | — | $4.4M |
| Q2 25 | -154.2% | — | ||
| Q2 24 | — | 20.6% |
| Q2 25 | 0.0% | — | ||
| Q2 24 | — | 0.1% |
| Q2 25 | — | — | ||
| Q2 24 | -0.64× | 4.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLAI
| Data center | $6.5M | 59% |
| Cryptocurrency mining | $4.6M | 41% |
TANH
| Revenue from China | $20.9M | 97% |
| Revenue directly from foreign countries | $602.2K | 3% |
