Senmiao Technology Ltd reported fiscal 2026 revenue of $1.546M and a net loss attributable to company stockholders of $(5.27M), with basic and diluted loss per share of $(1.97), compared with revenue of $1.896M and a net loss of $(3.725M) in the prior year.
Financial Highlights
- Revenue was $1.546M for the year ended Mar. 31, 2026, down from $1.896M in FY 2025; change $(350.0K) (18.5%).
- Net income: Net loss attributable to Company stockholders was $(5.270M) for FY 2026, compared with a loss of $(3.725M) in FY 2025 (Δ $(1.545M)).
- Diluted EPS: Loss per share, basic and diluted, was $(1.97) for FY 2026 vs $(3.54) for FY 2025.
Business Highlights
- Revenue decline (about 18% YoY) was driven by lower operating lease volumes and reduced average monthly rents; auto operating leases remain the primary revenue source (~87% of revenue).
- Gross margin compressed materially versus the prior year despite continued delivery and management of a large fleet (470 operating leases and 197 finance leases) and high utilization (~88%).
- Management completed a channel shift: exited an online ride‑hailing platform in August 2024 and divested Sichuan subsidiaries in December 2025, refocusing operations on Hunan auto services.
- Company is evaluating opportunities in AI data center and infrastructure initiatives, but has no definitive agreements to date.
Original SEC Filing:
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