Taoping Posts 16% Revenue Drop to $30.8M, $10M Net Loss in 2025
TAOP•Taoping Inc. reported fiscal 2025 revenue of $30.8 million, a 16% decline year-over-year, and net loss of $10.1 million compared to $1.8 million in 2024. The company secured over $3 million in smart elevator orders and is prioritizing AI-enabled platform services to improve margins.
1. Fiscal Year 2025 Results
For the year ended December 31, 2025, Taoping reported total revenue of $30.8 million, down 16% from $36.7 million in 2024. Gross profit fell to $3.37 million and operating loss widened to $9.23 million, leading to a net loss of $10.06 million.
2. Strategic Transformation
Management is shifting away from lower-margin legacy software toward AI-enabled platform services. The company has already booked over $3 million in new smart elevator orders, reflecting early validation of its intelligent infrastructure focus.
3. Outlook and Growth
Taoping expects growth in AI-enabled platform services, expansion of recurring revenues, and gradual margin improvement as operating leverage increases. The strategy includes strategic collaborations and potential acquisitions to drive long-term value.
