SAIHEAT Limited (SAIH) AI Stock Analysis

• Market Cap: $18.43M
• Dividend Yield: N/A
• Average Volume (3M): 4.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 34
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -2.25
• Shares Outstanding: 1,267,348
• 10 Day Avg. Volume: 3,405
• 30 Day Avg. Volume: 4,837
• PEG Ratio: 0.38
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 3.55
• P/FCF Ratio: -3.14
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -11.48
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $8.00 ▼(-17.10% Downside)

SAIHEAT Limited's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and persistent losses. While technical analysis shows some positive momentum, the negative valuation metrics due to ongoing losses further weigh down the score.

Positive Factors

Patent Acquisition

Securing a patent for waste heat recovery enhances SAIHEAT's technological edge, potentially improving energy efficiency and reducing carbon emissions, aligning with sustainability goals.

Revenue Growth

The 20% revenue growth indicates successful market penetration and product adoption, which can support long-term financial stability despite current challenges.

Strategic Initiatives

Strategic expansion in key markets and new product development can enhance SAIHEAT's competitive position and drive future growth.

Negative Factors

Financial Challenges

Ongoing financial difficulties, including negative cash flows and losses, could hinder SAIHEAT's ability to invest in growth and innovation.

Rising Leverage

Increased leverage may limit financial flexibility and increase risk, potentially impacting SAIHEAT's ability to manage economic downturns.

Negative Profitability

Persistent negative profitability indicates operational inefficiencies and challenges in cost management, which could affect long-term viability.

SAIHEAT Limited Business Overview & Revenue Model

Company Description

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.

How the Company Makes Money

SAIHEAT Limited generates revenue through multiple key streams. The primary source of income is the sale of heating products, including heat pumps and smart heating systems, which are marketed both to consumers and businesses. Additionally, SAIH offers installation services for its products, creating an additional revenue stream through service fees. The company also engages in partnerships with construction firms and energy service providers, which can enhance its market reach and lead to collaborative projects that further drive sales. Furthermore, SAIH may participate in government and private sector grants aimed at promoting renewable energy technologies, providing an additional avenue for funding and revenue generation.

SAIHEAT Limited Financial Statement Overview

Summary

SAIHEAT Limited faces significant financial challenges, with declining revenues, persistent losses, and negative cash flows. The balance sheet shows some stability in equity, but increasing leverage and negative profitability metrics are concerning.

Income Statement

SAIHEAT Limited has experienced a significant decline in revenue over the past years, with a negative revenue growth rate from 2023 to 2024. The company has consistently reported negative net income, resulting in a negative net profit margin. Additionally, gross profit margin has turned negative, indicating cost management issues. The EBIT and EBITDA margins are also negative, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet shows a relatively stable equity position, but the debt-to-equity ratio has increased, indicating rising leverage. The equity ratio remains healthy, suggesting that the company is not overly reliant on debt. However, the negative return on equity highlights the company's inability to generate profits from its equity base.

Cash Flow

SAIHEAT Limited's cash flow statement reveals negative operating cash flow, indicating operational inefficiencies. The free cash flow has been consistently negative, although there was a slight improvement in free cash flow growth rate from 2023 to 2024. The operating cash flow to net income ratio is unfavorable, suggesting difficulties in converting earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	5.54M	6.78M	10.64M	17.04M	1.96M
Gross Profit	0.00	-1.01M	457.00K	1.14M	1.26M	902.00K
EBITDA	-1.37M	-3.99M	-5.67M	-4.69M	-16.00M	405.00K
Net Income	-1.37M	-5.89M	-6.12M	-8.85M	-16.70M	403.00K
Balance Sheet
Total Assets	11.53M	18.53M	18.07M	21.10M	11.53M	4.04M
Cash, Cash Equivalents and Short-Term Investments	4.48M	1.06M	3.26M	11.23M	4.48M	1.30M
Total Debt	44.00K	2.68M	810.00K	419.00K	44.00K	0.00
Total Liabilities	13.90M	4.17M	1.26M	786.00K	13.90M	3.54M
Stockholders Equity	-2.36M	14.37M	16.82M	20.31M	-2.36M	496.00K
Cash Flow
Free Cash Flow	-666.10K	-6.27M	-8.17M	-6.80M	-4.95M	-1.79M
Operating Cash Flow	-666.11K	-5.55M	-3.13M	-4.93M	-983.00K	-1.03M
Investing Cash Flow	-44.89M	1.35M	-4.90M	-6.42M	-3.97M	-759.00K
Financing Cash Flow	45.57M	2.12M	9.00K	18.53M	8.19M	2.89M

SAIHEAT Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAIH, the sentiment is Positive. The current price of 9.65 is above the 20-day moving average (MA) of 7.78, above the 50-day MA of 8.23, and above the 200-day MA of 7.48, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 59.54 is Neutral, neither overbought nor oversold. The STOCH value of 73.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SAIH.

SAIHEAT Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LHSW	60 Neutral	$46.28M	14.24	―	―	―	―
CTM	53 Neutral	$104.07M	-17.32	-15.66%	―	11.09%	64.29%
CSPI	52 Neutral	$141.90M	-81.85	-3.33%	0.83%	-0.37%	-161.02%
SAIH	48 Neutral	$18.43M	-2.53	-50.16%	―	―	―
NOTE	41 Neutral	$27.49M	-0.41	-64.09%	―	-17.90%	-67.81%

SAIHEAT Limited Corporate Events

SAIHEAT Limited Secures Patent for Innovative Waste Heat Recovery System

SAIHEAT Limited announced on November 17, 2025, that it has secured a patent for a ‘Waste Heat Recovery System and Method.’ This innovation addresses the significant energy waste in mainstream server or chip cooling solutions by efficiently recovering and utilizing waste heat, thereby improving energy utilization efficiency. The patent reflects SAIHEAT’s commitment to technological innovation and its efforts to reduce energy waste and carbon emissions, contributing to green development and fulfilling its ESG responsibilities.

SAIHEAT Limited Reports Revenue Growth Amid Financial Challenges

SAIHEAT Limited reported a 20% increase in total revenue to $3.83 million for the six months ended June 30, 2025, despite a rise in gross and net losses due to increased costs and reduced Bitcoin block rewards. The company’s strategic initiatives include expanding its liquid cooling technologies in the U.S. and Canada, developing integrated natural gas power systems, and receiving approval from the IAEA for its small modular reactors, enhancing its position in the energy and mining sectors.