TDTH Trident Digital Tech Holdings Ltd

Overview and Growth

Fiscal 2025 results for Trident Digital Tech Holdings Ltd combined $160.93K of revenue with net loss of $22.76M and an operating cash outflow of $9.72M. At $160.93K, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 65.4% from $465.44K in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.03, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 716.24M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 41.5% higher than fiscal 2024, when diluted shares averaged 506.29M, adding context to the EPS comparison. Total assets stood at $5.34M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.03x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $82.38K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 51.2% of revenue, showing how much of the top line remained after direct costs. The company ended the period with a net loss of $22.76M, extending the operating result through all remaining items. The company reported a pretax loss of $22.85M, before the effect of income taxes. The reported tax benefit was $88.93K, favorably bridging the pretax and after-tax results. The net loss equaled 426.0% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $22.76M from $8.12M in fiscal 2024.

Liquidity and Capital Structure

The company held $5.34M of assets against $12.10M of liabilities and -$6.76M of equity, revealing how the asset base was financed. With total equity at -$6.76M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $796.21K compared with current liabilities of $5.57M, defining the company’s short-term resource position. Current assets covered only 0.14x of current liabilities, so current liabilities exceeded current assets at period end. The company held $150.33K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 2.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $501.31K, establishing the amount of borrowing carried within the company’s capital structure. Debt represented 9.4% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented -126.5% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 226.5% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 2.8%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 76.1% higher than fiscal 2024 assets of $3.03M, measuring the company’s own balance-sheet change. The reported cash balance changed 22.6% from $194.11K in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $9.72M, rather than cash generation from operations. Capital spending of $92.63K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $9.81M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 183.6% of total assets, placing the cash shortfall against the company’s resource base. Cash absorbed by operations increased from $9.51M in fiscal 2024 to $9.72M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.