SAIHEAT Limited

SAIH

Information Technology Services · Technology

Price

$14.80

+1.14 (+8.34%)

Market Cap

$27.2M

Exchange

NASDAQ Global Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 25, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+113.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 862K (2021) → 1.8M (2025)

SAIHEAT Limited is a small technology company that provides artificial intelligence and data analytics services. The company focuses on AI-driven solutions, including smart energy management and data processing tools, targeting industrial and commercial customers who want to use technology to improve efficiency. It operates in the information technology services space, where it competes against many other AI and software providers.

SAIHEAT generates revenue by selling software licenses and technology services to its clients. The company appears to operate primarily in Asian markets and is very small, with a market capitalization near zero. Its financials show significant losses — a negative gross margin means it currently costs more to deliver its services than it earns from them, which is a serious concern. The key risk facing SAIHEAT is achieving a path to profitability, as its deeply negative operating margins suggest the business is burning through cash and has not yet proven it can sustain itself financially.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-70.5% YoY

Revenue declining

EPS Growth

+13.3% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$217,000/ year

↓ Declining (-66% vs prior year)

4.8% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

40.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$247,000 cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Cash watch

SAIHEAT Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-194.6%

Thin — -194.6% gross margin

Operating Margin

-276.1%

Losing money on operations — -276.1%

ROCE

-17.2%

Weak — -17.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-14.7%

Burning cash (-14.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.50

Conservative — low debt load (0.50)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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