10-K · June 30, 2026
Senmiao Technology Limited reported continued losses with revenues declining to $1,546,127 from $1,896,171 year-over-year. The company is shifting towards AI infrastructure projects but faces significant challenges…
Earnings analysis · 10-Q
AIHS earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Revenue fell to $326,499, down from $358,684 in the prior quarter and $419,933 in the prior-year quarter, while gross margin deteriorated to -4.4%. Diluted EPS improved to a loss of $0.05 from $0.88 sequentially, but…
Read full summary
Revenue fell to $326,499, down from $358,684 in the prior quarter and $419,933 in the prior-year quarter, while gross margin deteriorated to -4.4%. Diluted EPS improved to a loss of $0.05 from $0.88 sequentially, but operating margin remained severely negative at -224.0%. The most material filing update is that disclosure controls remained ineffective due to 3 material weaknesses, including weaknesses that caused a restatement of financial statements for the 3 and 9 months ended December 31, 2025. No quantitative guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
- Gross margin
- -4.4%
- Operating margin
- -224.0%
What stood out
-
EPS Loss Narrowed Sequentially
Diluted EPS improved to a loss of $0.05 from a loss of $0.88 in the prior quarter and a loss of $1.69 in the prior-year quarter.
-
Operating Margin Improved Sequentially
Operating margin improved to -224.0% from -305.7% sequentially, although it remained deeply negative.
-
Remediation Plan Initiated
Management plans to hire additional accounting staff with U.S. GAAP and SEC reporting expertise, establish an internal audit function, and improve the IT environment.
What to watch
-
Revenue and Gross Margin Deteriorated
Revenue declined to $326,499 from $358,684 in the prior quarter and $419,933 in the prior-year quarter, while gross margin fell to -4.4% from 13.8% and 27.6%, respectively.
-
Three Material Control Weaknesses
The company reported 3 material weaknesses in internal control, including insufficient U.S. GAAP accounting personnel, inadequate internal-audit policies and procedures, and deficiencies in IT general controls covering logical access, change management, IT operations, and cybersecurity.
-
Financial Statements Were Restated
The accounting-control weakness resulted in a restatement of unaudited financial statements for the 3 and 9 months ended December 31, 2025, indicating continued financial-reporting risk.
Management's outlook
No quantitative revenue or EPS guidance was provided in the filing; outlook remains deferred to the earnings press release or call.
Earlier filings 4
10-Q · June 30, 2026
Senmiao Technology Limited reported a decline in revenue for Q3 2026, with total revenue of $358,684, a decrease of roughly 20.5% from $451,447 in Q2 2025. The company's gross margin dropped from 23.5% to 13.8%, and net…
10-Q · February 13, 2026
Senmiao Technology Limited reported significant declines across key financial metrics for the quarter ending December 31, 2025. Revenue fell to $358,684, a decrease of 20.5% from the prior quarter and an even larger…
10-Q · November 19, 2025
Senmiao Technology Limited reported a revenue of $936,344 for Q2 2026, exceeding the previous period's revenue by 21.5%. However, the net loss increased significantly to $723,730, reflecting ongoing operational…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.