Senmiao Technology Ltd

Listed Company

AIHSCIK 0001711012NasdaqNon-AcceleratedSmaller ReportingServices-Auto Rental & Leasing (No Drivers)NevadaFY ends Mar 31

Period

FY 2026

Revenue

$1.55M

Net Income

$-5.27M

Total Assets

$5.26M

Equity

$-5.83M

Shares Out

14.56M

Op. Cash Flow

$-1.60M

AIHS$1.31−57.33% · past yearDBEQ Basic

Daily closing prices

Business

Senmiao Technology Ltd is a U.S. holding company that conducts automobile transaction and related services in China through majority-owned subsidiary Hunan Ruixi and equity investee Jinkailong, primarily serving online ride-hailing drivers. The company offers auto operating leases, auto financing, new energy vehicle leasing services, service fees from automobile purchases, and management commissions. Operating segments focus on automobile transaction services in Changsha and Chengdu cities; the company discontinued its online ride-hailing platform in August 2024 and divested Sichuan operations in December 2025, now exploring opportunities in AI infrastructure.

Summary from 10-K filed 2026-06-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenues	2	2	4	8	—
Cost of revenues	−1	−1	−3	−7	−7
Gross profit	210,200	571,724	924,731	1	−2
Selling, general and administrative expenses	−2	−2	−3	−6	−9
Provision for credit losses	−422,064	−697,165	−2	−1	—
Stock-based compensation	−250,000	—	−444,300	—	—
Total operating expenses	−3	−3	−5	−8	−9
Loss from operations	−3	−2	−4	−6	−12
Other income (expenses), net	312,792	−121,491	—	664,001	−107,444
Change in fair value of derivative liabilities	202,959	204,242	—	—	—
Excess of warrant fair value over offering proceeds	−3	—	—	—	—
Total other (expenses) income, net	−2	82,751	541,528	2	6
Loss before income tax expense	−5	−2	−4	−4	−6
Income tax expense	—	—	−20,206	—	−4,566
Net Loss from continuing operations	−5	−2	−4	−4	−6
Loss before income taxes from operations of discontinued operations	−529,369	−2	—	—	—
Gain on disposal of discontinued operations	426,766	397,775	—	—	11
Income tax benefits	—	4,510	—	—	—
Net loss from discontinued operations	−102,603	−2	−380,008	0	8
Net loss	−5	−4	−4	−4	3
Net (income) loss attributable to non-controlling interests	101,304	−44,493	565,240	676,944	−4
Net loss attributable to the Companys stockholders	−5	−4	−4	−3	−536,624
Foreign currency translation adjustment	−176,161	−24,936	−418,784	−1	64,470
Comprehensive loss	−6	−4	−5	−5	3
less: Total comprehensive (loss) income attributable to non-controlling interests	−256,152	44,716	−527,591	−642,809	—
Total comprehensive loss attributable to stockholders	−5	−4	−4	−4	−456,303
Weighted average number of common stock basic	3	1	9	7	6
Weighted average number of common stock diluted	3	1	9	7	6
Loss per share - basic	−1.97	−3.54	−0.41	−0.43	−0.1
Loss per share - diluted	−1.97	−3.54	−0.41	−0.43	−0.1
Continuing operations Loss per share basic	−1.93	−1.85	−0.37	−0.43	−1.66
Discontinued operations Loss per share basic	−0.04	−1.69	−0.04	—	1.56
Discontinued operations Loss per share diluted	−0.04	−1.69	−0.04	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2024 2024-01-31	FY 2023 2023-10-31
Cash	4	701,302	—	—	—
Accounts receivable	—	8,963	19,883	—	—
Finance lease receivables, current	44,454	166,339	144,166	—	—
Prepayments, other receivables and other current assets	471,001	781,587	678,369	—	—
Current assets - discontinued operations	—	499,473	420,092	—	—
Total current assets	4	2	3	—	—
Property and equipment, net	812,934	2	3	—	—
Intangible assets, net	300,000	375,000	450,029	—	—
Finance lease receivables, non-current	5,052	23,193	92,524	—	—
Other assets - discontinued operations	—	1	140,698	—	—
Total other assets	352,572	2	5	—	—
Total assets	5	6	10	—	—
Accounts payable	103,563	124,470	96,404	—	—
Advances from customers	86,768	103,897	122,461	—	—
Accrued expenses and other liabilities	1	2	3	—	—
Derivative liabilities	6	84,591	288,833	—	—
Current liabilities - discontinued operations	—	3	1	—	—
Total current liabilities	8	5	5	—	—
Total liabilities	8	5	6	—	—
Commitments and contingencies (note 17)	—	—	—	—	—
Common stock (par value $0.0001 per share, 50,000,000 shares authorized; 4,557,489 and 1,051,804 shares issued and outstanding at March 31, 2026 and 2025, respectively)	456	105	1,051	950,000	2
Additional paid-in capital	45	44	44	—	—
Accumulated deficit	−50	−45	−41	—	—
Accumulated other comprehensive loss	−851,569	−2	−2	—	—
Total Senmiao Technology Limited stockholders deficit	−6	−3	894,901	—	—
Non-controlling interests	3	3	3	—	—
Total (deficit) equity	−3	348,256	4	—	—
Total liabilities, mezzanine equity and equity/ deficit	5	6	10	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net loss from continuing operations	−5	−2	−4	—	—
Depreciation of property and equipment	881,130	911,051	927,149	1	—
Amortization of right-of-use assets	38,508	53,272	398,027	—	—
Amortization of intangible assets	75,000	75,000	78,039	184,215	160,831
Gain on disposal of equipment	−21,923	−4,020	−35,172	−452,522	0
Offering costs allocable to derivative liabilities	12,575	—	—	—	—
Gain from debt forgiveness	−42,581	—	—	—	—
Gain from voluntary waiver of compensation by related parties	−170,000	—	—	—	—
Loss from lease modification or termination	—	19,636	−18,272	—	—
Loss from termination of automobiles purchase	—	196,777	—	—	—
Accounts receivable	9,158	2,441	80,656	224,673	4,456
Finance lease receivables	153,504	148,134	162,687	—	—
Prepayments, other receivables and other assets	335,428	16,654	95,541	1	—
Due from related parties	60,919	69,288	−150,000	—	—
Accounts payable	−26,595	87,576	—	—	—
Advances from customers	−21,886	−18,050	−18,626	—	—
Accrued expenses and other liabilities	−731,618	229,642	671,205	1	−377,965
Due to related parties	247,094	0	—	—	—
Operating lease liabilities	—	−6,263	−62,565	—	—
Operating lease liabilities, related parties	−31,836	−41,347	−250,586	−133,782	−228,281
Net Cash (Used in) Provided by Operating Activities from Continuing Operations	−1	325,873	310,241	557,837	−9
Net Cash (Used in) Provided by Operating Activities from Discontinued Operations	−465,097	174,430	−303,000	0	−123,167
Net Cash (Used in) Provided by Operating Activities	−2	500,303	7,241	557,837	−9
Purchases of property and equipment	—	−415	−671,679	−1	−3
Cash received from disposal of property and equipment	35,530	16,761	101,912	1	0
Loan to a related party	−229,469	—	—	—	—
Net Cash (Used in) Provided by Investing Activities from Continuing Operations	−193,939	16,346	−569,767	320,528	−3
Net Cash Used in Investing Activities from Discontinued Operations	—	−481,124	159	0	−111,210
Net Cash Used in Investing Activities	−193,939	−464,778	−569,608	320,528	−3
Net proceeds from exercise of November 2021 Private Placement Warrants	341,251	—	—	—	—
Net proceeds from issuance of common stock in PIPE Offering	659,992	—	—	—	—
Net proceeds from registered direct offering of common stock and pre-funded warrants, and concurrent private placement of warrants	3	—	—	—	—
Borrowings from related parties	778,307	—	339,049	—	—
Repayments to related parties	−269,365	−11,940	—	0	−117,761
Net Cash Provided by (Used in) Financing Activities from Continuing Operations	4	−11,940	−391,605	−373,834	10
Net Cash Provided by (Used in) Financing Activities from Discontinued Operations	80,100	−111,780	223,265	—	0
Net Cash Provided by (Used in) Financing Activities	4	−123,720	−168,340	−373,834	10
Effect of exchange rate changes on cash, cash equivalents and restricted cash	142,734	127,136	−84,747	−79,662	—
Net increase in cash, cash equivalents and restricted cash	3	38,941	−815,454	424,869	−3
Termination of right-of use assets and lease liabilities	—	47,563	22,799	47,438	—
Recognition of right-of-use assets and lease liabilities, a related party	77,603	—	349,186	—	—
Offset of loans due from a related party against accrued salary payable	221,389	—	—	—	—

Filings

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Frequently asked questions

What is Senmiao Technology Ltd's CIK number?

Senmiao Technology Ltd's SEC CIK number is 0001711012 (1711012). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Senmiao Technology Ltd's SEC filings?

All of Senmiao Technology Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Senmiao Technology Ltd last report earnings?

Senmiao Technology Ltd (AIHS) most recently filed an earnings 8-K with the SEC on Nov 14, 2023, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-23-118194). This is Senmiao Technology Ltd's most recent earnings filing of record — not a forecast of its next earnings date.

What is Senmiao Technology Ltd's most recent earnings 8-K?

Senmiao Technology Ltd's latest earnings 8-K (Item 2.02) was filed Nov 14, 2023 under accession 0001104659-23-118194. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Senmiao Technology Ltd's latest earnings 8-K →
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