Detailed financial statements for Sentage Holdings Inc. (SNTG): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Sentage Holdings Inc. functions as a provider of various financial solutions. Within the Chinese market, its core operations encompass overseeing the management of consumer loan repayments and debt collection, offering loan advisory services, and operating a prepaid payment system. The company was founded in 2019 and is headquartered in Shanghai, People's Republic of China.
Analysis Summary
Sentage Holdings Inc. reported revenue of $68909 in the most recent fiscal year, growing at a 5-year CAGR of -54.7%.
Trailing-twelve-month margins: gross margin -225.0%, operating margin -33.0%, net margin -33.1%.
At the current price of $1.74, SNTG has negative trailing earnings (P/E not meaningful) and an ROE of -26.33%. Market capitalisation stands at $5M.
Balance sheet quality for SNTG: current ratio of 9.4, net debt of $1.3M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M | $4.0M | $3.6M | $2.3M | $161372 | $146554 | $107507 | $68909 |
| Cost of Revenue | 0 | 0 | 0 | $34556 | $17833 | $12597 | $8074 | $223958 |
| Gross Profit | $6.4M | $4.0M | $3.6M | $2.2M | $143539 | $133957 | $99433 | -$155049 |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $4.7M | $1.5M | $1.4M | $3.0M | $2.7M | $1.9M | $1.8M | $1.3M |
| Operating Expenses | $4.8M | $1.5M | $1.4M | $3.0M | $2.7M | $1.9M | $1.8M | $2.1M |
| Operating Income | $1.6M | $2.4M | $2.2M | -$778966 | -$2.6M | -$1.8M | -$1.7M | -$2.3M |
| EBITDA | $1.7M | $2.5M | $2.2M | -$715995 | -$2.5M | -$1.7M | -$1.6M | -$2.2M |
| Interest Expense | 0 | 0 | $354 | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Income | $1.5M | $2.4M | $2.2M | -$835897 | -$2.6M | -$1.9M | -$2.0M | -$2.3M |
| Income Tax | $386302 | $611362 | $592701 | $257344 | 0 | 0 | 0 | 0 |
| Net Income | $1.2M | $1.8M | $1.6M | -$1.1M | -$2.6M | -$1.9M | -$2.0M | -$2.3M |
| EPS | $0.41 | $0.61 | $0.53 | $-0.39 | $-1.08 | $-0.80 | $-0.71 | $-0.81 |
| EPS (Diluted) | $0.41 | $0.61 | $0.53 | $-0.39 | $-1.08 | $-0.80 | $-0.71 | $-0.81 |
| Shares Outstanding (Diluted) | $2.8M | $3.0M | $3.0M | $2.8M | $2.4M | $2.4M | $2.8M | $2.8M |
Income Statement (Quarterly)
| Year | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|---|---|---|---|
| Revenue | 0 | $107507 | 0 | $68909 |
| Gross Profit | -$104302 | $99433 | -$63038 | -$92009 |
| Operating Income | -$1.1M | -$612792 | -$796323 | -$1.5M |
| EBITDA | -$1.1M | -$553937 | -$766438 | -$1.4M |
| Net Income | -$1.1M | -$879427 | -$797957 | -$1.5M |
| EPS | $-0.47 | $-0.31 | $-0.34 | $-0.53 |
| EPS (Diluted) | $-0.47 | $-0.31 | $-0.34 | $-0.53 |
Balance Sheet (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $142715 | $227387 | $117434 | $10.8M | $3.8M | $2.3M | $1.3M | $503374 |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | $385222 | $623131 | $1.6M | $6.4M | $10.5M | $9.4M | $1.0M | $110903 |
| Inventory | $21550 | $52536 | $3369 | $65171 | $48710 | 0 | 0 | 0 |
| Total Current Assets | $607088 | $936093 | $2.5M | $17.2M | $14.3M | $11.7M | $2.3M | $614277 |
| Property, Plant & Equipment | $144869 | $128835 | $123672 | $120280 | $215293 | $137411 | $199472 | $112590 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | $142251 | $98022 | $61797 | $30547 | $89475 | $66859 | $51957 | $40384 |
| Total Assets | $2.2M | $1.8M | $2.8M | $17.4M | $14.7M | $12.9M | $11.7M | $9.9M |
| Accounts Payable | $2543 | $4605 | $4912 | $2743 | $8647 | $5985 | $5821 | $6076 |
| Short-term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | $5.0M | $1.4M | $495485 | $382734 | $404777 | $335010 | $314559 | $65593 |
| Long-term Debt | $929125 | $1.2M | $1.4M | $161020 | $4709 | $344235 | $1.1M | $1.7M |
| Total Liabilities | $6.0M | $2.6M | $1.9M | $543754 | $483870 | $679245 | $1.5M | $2.0M |
| Retained Earnings | -$41.1M | -$39.2M | -$37.6M | -$38.9M | -$41.5M | -$43.4M | -$45.4M | -$47.6M |
| Total Equity | -$3.8M | -$772926 | $851442 | $16.8M | $14.2M | $12.2M | $10.2M | $7.9M |
| Total Debt | $929125 | $1.2M | $1.4M | $161020 | $166222 | $416465 | $1.2M | $1.8M |
| Net Debt | $786410 | $982304 | $1.3M | -$10.6M | -$3.6M | -$1.8M | -$34885 | $1.3M |
| Working Capital | -$4.4M | -$459217 | $2.0M | $16.8M | $13.9M | $11.4M | $2.0M | $548684 |
Balance Sheet (Quarterly)
| Year | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|---|---|---|---|
| Cash & Equivalents | $1.6M | $1.3M | $750990 | $503374 |
| Total Assets | $12.1M | $11.7M | $11.1M | $9.9M |
| Total Liabilities | $1.0M | $1.5M | $1.7M | $2.0M |
| Total Equity | $11.1M | $10.2M | $9.4M | $7.9M |
| Total Debt | $806166 | $1.2M | $1.5M | $1.8M |
Cash Flow (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $1.2M | $1.8M | $1.6M | -$1.1M | -$2.6M | -$1.9M | -$2.0M | -$2.3M |
| Depreciation & Amortization | $174144 | $57022 | $53520 | $62971 | $57428 | $105642 | $111006 | $108943 |
| Stock-based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | -$6.3M | -$3.9M | -$1.8M | $518467 | -$4.2M | -$164117 | -$216321 | -$186392 |
| Operating Cash Flow | -$4.6M | -$1.4M | $465210 | -$382664 | -$6.7M | -$1.8M | -$1.7M | -$1.3M |
| Capital Expenditure | -$13302 | 0 | 0 | -$19977 | -$34346 | -$23433 | -$5 | -$3 |
| Acquisitions | 0 | $10747 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | -$765885 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$4.6M | -$1.4M | $465210 | -$402641 | -$6.7M | -$1.9M | -$1.7M | -$1.3M |
Cash Flow (Quarterly)
| Year | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|---|---|---|---|
| Operating Cash Flow | -$1.1M | -$662411 | -$829813 | -$475904 |
| Capital Expenditure | $4 | $1 | $3 | $4 |
| Free Cash Flow | -$1.1M | -$662410 | -$829810 | -$475900 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | 0 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | -37.9% | -9.3% | -37.1% | -92.9% | -9.2% | -26.6% | -35.9% | |
| Net Income Growth (YoY) | +58.9% | -13.5% | -168.9% | -134.3% | +25.7% | -5.3% | -13.6% | |
| EPS Growth (YoY) | +48.8% | -13.1% | -173.6% | -176.9% | +25.9% | +11.3% | -14.1% | |
| Shares Change (YoY) | +6.9% | +0.0% | -6.5% | -15.1% | +0.0% | +18.0% | +0.0% | |
| FCF Growth (YoY) | +70.4% | +133.8% | -186.6% | -1563.3% | +72.4% | +5.5% | +25.3% | |
| Gross Margin | 100.0% | 100.0% | 100.0% | 98.5% | 88.9% | 91.4% | 92.5% | -225.0% |
| Operating Margin | 24.5% | 61.5% | 60.6% | -34.4% | -1593.2% | -1203.3% | -1615.2% | -3301.3% |
| EBITDA Margin | 27.2% | 62.9% | 62.1% | -31.6% | -1566.8% | -1131.3% | -1512.0% | -3147.1% |
| Net Margin | 18.1% | 46.3% | 44.2% | -48.3% | -1587.6% | -1298.7% | -1864.8% | -3305.2% |
| FCF Margin | -72.7% | -34.7% | 12.9% | -17.8% | -4150.0% | -1262.6% | -1626.3% | -1894.8% |
| Effective Tax Rate | 25.1% | 25.0% | 27.2% | -30.8% | -0.0% | -0.0% | -0.0% | -0.0% |
Per-Share Data (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| FCF Per Share | $-1.66 | $-0.46 | $0.16 | $-0.14 | $-2.82 | $-0.78 | $-0.62 | $-0.47 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $2.8M | $3.0M | $3.0M | $2.8M | $2.4M | $2.4M | $2.8M | $2.8M |
What to look at in Financial Services
Asset managers, brokers, fintech, exchanges. They are not banks — look at AUM, fees and FCF quality.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — Good asset managers have >30% margins thanks to scalability
- ROE — Quality financial services have a consistent ROE >15%
- FCF / Net Income — Earnings quality — >90% expected in capital-light businesses
- Debt / Equity — Fintech and brokers with high D/E are time bombs in crises
- P/E vs own 5y — Asset managers have stable multiples in well-known ranges
- Dividend yield + buybacks — These businesses return a lot of capital — look at total yield (div + buybacks)
Profitability
| Return on Equity | -26.33% |
| Return on Invested Capital | -23.03% |
| Return on Assets | -23.05% |
| Gross Margin | -225.00% |
| Operating Margin | -3301.30% |
| Net Margin | -3305.24% |
Financial Health
| Debt / Equity | 0.22 |
| Current Ratio | 9.36 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -5.84 |
Key Ratios (10y)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| P/E | 426.83 | 286.89 | 330.19 | -15.77 | -1.78 | -6.25 | -2.55 | -2.33 |
| P/B | -129.32 | -677.79 | 615.29 | 1.02 | 0.32 | 0.97 | 0.50 | 0.67 |
| P/S | 76.69 | 132.12 | 145.71 | 7.61 | 28.28 | 81.09 | 47.23 | 76.94 |
| Gross Margin | 100.0% | 100.0% | 100.0% | 98.5% | 88.9% | 91.4% | 92.5% | -225.0% |
| Operating Margin | 24.5% | 61.5% | 60.6% | -34.4% | -1593.2% | -1203.3% | -1615.2% | -3301.3% |
| Net Margin | 18.1% | 46.3% | 44.2% | -48.3% | -1587.6% | -1298.7% | -1864.8% | -3305.2% |
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Explore sector: Financial Services · Financial - Credit Services
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