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Trident Digital Tech Holdings Ltd Unsponsored ADR (TDTH)
NASDAQ:TDTH
US Market

Trident Digital Tech Holdings Ltd Unsponsored ADR (TDTH) AI Stock Analysis

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TDTH

Trident Digital Tech Holdings Ltd Unsponsored ADR

(NASDAQ:TDTH)

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Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
$0.45
▼(-8.57% Downside)
The score is driven down primarily by very weak financial performance (sharp revenue decline, ongoing losses, heavy cash burn, and negative equity with high debt). Technical indicators are mixed but lean bearish (below major moving averages and negative MACD), while valuation is also unfavorable due to losses (negative P/E) and no dividend support.
Positive Factors
Recurring revenue (subscriptions)
A subscription-based revenue stream provides structural predictability and higher customer lifetime value versus pure project fees. Over 2–6 months this supports stable revenue base, facilitates retention and upsell, and can improve cash visibility as the company scales its cloud and analytics offerings.
Diversified service mix and partnerships
A multi-pronged business model spanning cloud, data analytics, projects and digital marketing reduces single-market dependency. Structural diversification and technology partnerships improve cross-sell opportunities and market reach, supporting steadier top-line recovery and resilience across cycles.
Corporate flexibility to attract talent & capital
A materially expanded equity incentive pool and flexible share classes give management durable tools to attract and retain key talent and to structure future financings. Over months this enhances ability to pursue strategic hires and raises, supporting execution if operational recovery opportunities arise.
Negative Factors
Sharp revenue decline
A severe year-over-year revenue collapse materially reduces scale economics and weakens competitive position. Persisting revenue shrinkage constrains reinvestment in product and sales, makes fixed-cost absorption harder, and increases risk that the company cannot sustain operations without external financing.
Deep negative operating cash flow
Extremely negative operating cash flow signals structural cash burn that undermines liquidity and solvency. Sustained negative cash generation forces reliance on external capital or dilutive measures, limiting strategic optionality and increasing long-term distress risk if operations do not quickly move toward breakeven.
Weak balance sheet: negative equity & high debt
Negative equity combined with substantial debt reflects severe leverage and solvency stress, reducing financial flexibility. Over months this limits ability to invest, increases borrowing costs, raises creditor scrutiny, and elevates the probability of restructuring or forced capital actions if operating cash flow remains impaired.

Trident Digital Tech Holdings Ltd Unsponsored ADR (TDTH) vs. SPDR S&P 500 ETF (SPY)

Trident Digital Tech Holdings Ltd Unsponsored ADR Business Overview & Revenue Model

Company DescriptionTrident Digital Tech Holdings Ltd provides IT customization and business consulting service solutions in Singapore. It offers brand proposition, multi-channel commerce, and digital marketing services. The company also provides IT consulting services that includes consulting and technical services relating to the software solutions; and a range of management software solutions to customers comprising client relationship management and inventory management solutions through annual subscriptions. In addition, it offers Tridentity, a web 3.0 e-commerce platform for transaction of customers and merchants. The company serves small and medium enterprises. Trident Digital Tech Holdings Ltd was founded in 2014 and is based in Singapore.
How the Company Makes MoneyTrident Digital Tech Holdings Ltd generates revenue through multiple streams including subscription-based services, where clients pay for ongoing access to cloud computing and data analytics tools. Additionally, the company earns income from project-based contracts, providing tailored digital solutions to businesses. A significant portion of revenue also comes from digital marketing services, where they assist companies in enhancing their online presence through targeted advertising campaigns. Partnerships with technology firms and enterprises further bolster their offerings, allowing them to tap into new markets and expand their customer base, thus contributing to overall earnings.

Trident Digital Tech Holdings Ltd Unsponsored ADR Financial Statement Overview

Summary
Trident Digital Tech Holdings Ltd is facing significant financial challenges across all verticals. The company is experiencing declining revenues and substantial losses, with negative equity and high leverage posing risks to financial stability. Cash flow issues further exacerbate the situation, indicating difficulties in sustaining operations without external funding.
Income Statement
The income statement shows a concerning trend with declining revenue from $1,483,109 in 2023 to $465,435 in 2024, marking a significant revenue decline. Gross profit margin is extremely low at 0.25% in 2024, and net profit margin is negative due to substantial net losses. Both EBIT and EBITDA margins are also negative, indicating operational inefficiencies and challenges in covering operating expenses.
Balance Sheet
The balance sheet reveals a negative stockholders' equity of -$381,062 in 2024, indicating potential solvency issues. The debt-to-equity ratio is not calculable due to negative equity, but the high total debt of $2,451,414 suggests significant leverage. The equity ratio is negative, reflecting the company's financial instability and potential risk of insolvency.
Cash Flow
Cash flow analysis shows negative operating cash flow of -$9,510,287 in 2024, highlighting cash burn issues. Free cash flow is also negative, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is not favorable, pointing to inefficiencies in converting income into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue27.76K465.44K1.48M1.26M657.09K
Gross Profit-150.57K1.17K266.19K262.21K200.45K
EBITDA-8.38M-7.59M-4.31M-1.00M70.12K
Net Income-8.55M-8.12M-4.77M-1.13M29.97K
Balance Sheet
Total Assets2.22M3.03M5.83M3.00M506.45K
Cash, Cash Equivalents and Short-Term Investments144.95K194.11K1.81M945.26K273.59K
Total Debt5.40M2.45M1.89M2.63M143.74K
Total Liabilities6.43M3.42M3.40M4.33M471.33K
Stockholders Equity-4.21M-381.06K2.43M-1.32M35.12K
Cash Flow
Free Cash Flow-2.77M-9.51M-5.08M-683.83K190.79K
Operating Cash Flow-2.77M-9.51M-4.94M-609.95K244.10K
Investing Cash Flow-6.01K-2.52K-139.76K-73.89K-53.31K
Financing Cash Flow3.18M8.06M5.90M1.38M66.03K

Trident Digital Tech Holdings Ltd Unsponsored ADR Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.49
Price Trends
50DMA
0.54
Negative
100DMA
0.70
Negative
200DMA
0.62
Negative
Market Momentum
MACD
-0.04
Negative
RSI
50.81
Neutral
STOCH
64.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDTH, the sentiment is Neutral. The current price of 0.49 is above the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.54, and below the 200-day MA of 0.62, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 64.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TDTH.

Trident Digital Tech Holdings Ltd Unsponsored ADR Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$41.49M0.6815.52%41.74%-75.97%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
59
Neutral
$60.53M-25.15-17.37%9.62%26.59%
41
Neutral
$27.49M-0.40-64.09%-17.90%-67.81%
40
Underperform
$41.02M-2.58
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TDTH
Trident Digital Tech Holdings Ltd Unsponsored ADR
0.47
-1.56
-76.80%
WYY
Widepoint
5.93
1.92
47.88%
NOTE
FiscalNote Holdings
1.70
-14.02
-89.19%
VEEA
Veea
0.63
-3.10
-83.14%
GMM
Global Mofy Metaverse Ltd.
1.45
-2.49
-63.20%

Trident Digital Tech Holdings Ltd Unsponsored ADR Corporate Events

Trident Digital Tech Replaces Marcum Asia with HYYH CPA as Independent Auditor
Jan 6, 2026

On January 5, 2026, Trident Digital Tech Holdings Ltd announced that its audit committee and board dismissed Marcum Asia CPAs LLP as the company’s independent registered public accounting firm, despite Marcum’s unqualified audit opinions on the company’s 2023 and 2024 financial statements and absence of disagreements over accounting or auditing matters. The company simultaneously appointed HYYH CPA LLC as its new auditor for the fiscal year ending December 31, 2025, and emphasized that prior consultations with the new firm did not cover accounting treatments or potential audit opinions; the filing also reiterated previously disclosed material weaknesses in internal control over financial reporting—covering staffing, formal reporting procedures, and IT controls—underscoring ongoing remediation needs that are significant for investors and regulators monitoring the reliability of the company’s financial reporting.

The most recent analyst rating on (TDTH) stock is a Sell with a $0.33 price target. To see the full list of analyst forecasts on Trident Digital Tech Holdings Ltd Unsponsored ADR stock, see the TDTH Stock Forecast page.

Trident Digital Tech Shareholders Approve Expanded Equity Plan and New Share Structure at 2025 AGM
Dec 23, 2025

On December 23, 2025, Trident Digital Tech Holdings Ltd held its annual general meeting of shareholders, where investors approved several key corporate actions. Shareholders adopted an amended and restated 2023 Equity Incentive Plan, significantly increasing the pool of shares available for employee and management awards from 137,500,000 to 230,191,250, which may enhance the company’s ability to attract and retain talent but could also introduce additional equity dilution. They also approved the redesignation of 500,000,000 previously blank shares into Class C ordinary shares, resulting in authorized share capital of 5,000,000,000 shares split among Class A, Class B, Class C, and an additional flexible class to be designated by the board, providing the company with greater flexibility in future capital structuring. In addition, shareholders adopted a Second Amended and Restated Memorandum and Articles of Association, signaling a broader update to Trident’s corporate governance framework to support its evolving capital structure and strategic plans.

The most recent analyst rating on (TDTH) stock is a Sell with a $0.33 price target. To see the full list of analyst forecasts on Trident Digital Tech Holdings Ltd Unsponsored ADR stock, see the TDTH Stock Forecast page.

Trident Digital Tech Holdings Ltd Announces AGM and Key Resolutions
Nov 20, 2025

Trident Digital Tech Holdings Ltd has announced its upcoming Annual General Meeting (AGM) scheduled for December 23, 2025, in Singapore. During the AGM, shareholders will vote on key resolutions, including the approval of the Second Amended and Restated 2023 Equity Incentive Plan, which proposes an increase in shares available for awards. Additionally, a re-designation of 500 million Blank Shares to Class C ordinary shares is on the agenda, along with the adoption of the Second Amended and Restated Memorandum and Articles of Association. These measures are expected to impact the company’s capital structure and governance, potentially influencing its strategic direction and shareholder value.

The most recent analyst rating on (TDTH) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Trident Digital Tech Holdings Ltd Unsponsored ADR stock, see the TDTH Stock Forecast page.

Trident Digital Tech Faces Nasdaq Bid Price Compliance Challenge
Oct 31, 2025

On October 28, 2025, Trident Digital Tech Holdings Ltd received a notification from Nasdaq indicating that the company’s stock had fallen below the minimum bid price requirement of $1.00 for 30 consecutive business days. This notification does not immediately affect the company’s Nasdaq listing, and Trident has until April 27, 2026, to regain compliance. The company is considering its options to address the issue, which may include a reverse stock split if necessary.

The most recent analyst rating on (TDTH) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Trident Digital Tech Holdings Ltd Unsponsored ADR stock, see the TDTH Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 06, 2026