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SAIHEAT Limited (SAIH) AI Stock Analysis
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SAIHEAT Limited
(NASDAQ:SAIH)
The score is held down primarily by very weak fundamentals—shrinking revenue, deeply negative profitability (including negative gross profit), and persistent, worsening cash burn that is eroding equity and increasing leverage. Technicals provide only partial offset with a mixed setup (longer-term trend support but weaker near-term positioning), while valuation remains unfavorable due to losses and no dividend.
SAIHEAT Limited (SAIH) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $46.42M
- Dividend Yield
- ―
- Average Volume (3M)
- 18.64K
- Price to Earnings (P/E)
- -7.2
- Beta (1Y)
- 2.57
- Revenue Growth
- -18.42%
- EPS Growth
- -2.17%
- Country
- US
- Employees
- 16
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Information Technology Services
SAIHEAT Limited Business Overview & Revenue Model
Company Description
SAIHEAT is a global operator of distributed computing power infrastructure. Using a modular computing power system, the company helps energy owners tackle challenges around local energy consumption and efficient resource utilization. Leveraging propr...
SAIHEAT Limited Financial Statement Overview
Summary
Financial performance is very weak: revenue has declined sharply (2022–2025), profitability is deeply negative including negative gross profit in 2025, and operating/free cash flow remain materially negative with worsening cash burn in 2025. While equity is still positive, it has eroded significantly and rising leverage reduces flexibility.
Income Statement
12Very NegativeBalance Sheet
38NegativeCash Flow
10Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.52M | 4.52M | 5.54M | 6.78M | 10.64M | 17.04M |
| Gross Profit | -2.35M | -2.35M | -1.01M | 457.00K | 1.14M | 1.26M |
| EBITDA | -5.27M | -3.71M | -3.99M | -5.67M | -4.69M | -16.00M |
| Net Income | -6.45M | -6.45M | -5.89M | -6.12M | -8.85M | -16.70M |
Balance Sheet | ||||||
| Total Assets | 12.71M | 12.71M | 18.53M | 18.07M | 21.10M | 11.53M |
| Cash, Cash Equivalents and Short-Term Investments | 247.00K | 202.00K | 1.06M | 3.26M | 11.23M | 4.48M |
| Total Debt | 4.20M | 4.20M | 2.68M | 810.00K | 419.00K | 44.00K |
| Total Liabilities | 5.32M | 5.32M | 4.17M | 1.26M | 786.00K | 13.90M |
| Stockholders Equity | 7.40M | 7.40M | 14.37M | 16.82M | 20.31M | 10.11M |
Cash Flow | ||||||
| Free Cash Flow | 0 | -7.62M | -6.27M | -8.17M | -6.80M | -4.95M |
| Operating Cash Flow | 0 | -7.62M | -5.55M | -3.13M | -4.93M | -983.00K |
| Investing Cash Flow | 0 | 5.16M | 1.35M | -4.90M | -6.42M | -3.97M |
| Financing Cash Flow | 0 | 1.56M | 2.12M | 9,000 | 18.53M | 8.19M |
SAIHEAT Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAIH, the sentiment is Negative. The current price of 25.27 is below the 20-day moving average (MA) of 26.96, below the 50-day MA of 26.32, and above the 200-day MA of 14.94, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 45.85 is Neutral, neither overbought nor oversold. The STOCH value of 64.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SAIH.
SAIHEAT Limited Risk Analysis
SAIHEAT Limited disclosed 124 risk factors in its most recent earnings report. SAIHEAT Limited reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksSAIHEAT Limited Peers Comparison
Overall Rating
CTM58Neutral
CSPI48Neutral- SAIH44Neutral
LHSW39.5Underperform
NOTE39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| CTM | 58Neutral | $45.97M | -20.55 | -6.32% | ― | 16.26% | 72.47% |
| CSPI | 48Neutral | $78.02M | -106.46 | -1.53% | 1.55% | -0.68% | 57.82% |
| SAIH | 44Neutral | $45.86M | -7.18 | -67.71% | ― | -18.42% | -2.17% |
| LHSW | 40Underperform | $13.78M | -0.31 | -54.94% | ― | 18.42% | -272.35% |
| NOTE | 39Underperform | $487.31K | -0.00 | -293.32% | ― | -23.20% | -73.44% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SAIH | Saiheat Limited Class A | 25.27 | 17.46 | 223.50% | |
| CSPI | CSP Inc | 7.74 | -4.87 | -38.61% | |
| CTM | Castellum, Inc. | 0.48 | -0.83 | -62.98% | |
| JFU | 9F Inc | 2.29 | -2.34 | -50.49% | |
| NOTE | Fiscalnote Holdings Inc | 0.01 | -4.00 | -99.73% | |
| LHSW | Lianhe Sowell International Group Ltd. | 4.33 | -219.67 | -98.07% |
SAIHEAT Limited Corporate Events
SAIHEAT Files Pro Forma Financials Detailing Reverse Merger With Canopy Wave
On September 29, 2026, SAIHEAT Limited filed a Form 6-K for September 2026, furnishing unaudited pro forma condensed combined financial information and financial statements of Canopy Wave Inc. in connection with a planned reverse merger. The filing d...
SAIHEAT Shareholders Back Merger, Governance Overhaul and Rebrand to Canopy Wave Holdings
On August 26, 2026, SAIHEAT Limited held a virtual extraordinary general meeting at which shareholders approved all proposals, including a reclassification of authorized but unissued Class B shares into Class A shares and corresponding amendments to...
SAIHEAT Sets August 26 EGM to Approve Canopy Wave Merger and $4.5 Million PIPE Financing
SAIHEAT Limited has called a virtual extraordinary general meeting for August 26, 2026, seeking shareholder approval for a merger with U.S.-based Canopy Wave Inc., an AI infrastructure and GPU-as-a-Service provider founded in 2024 that has generated...
SAIHEAT Strikes Canopy Wave Merger to Pivot Into U.S.-Led AI Inference Platform
On August 10, 2026, SAIHEAT Limited signed a definitive merger agreement to acquire Santa Clara-based Canopy Wave Inc., merging it into a wholly owned subsidiary and renaming the combined entity Canopy Wave Holdings Inc., which is expected to list on...
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: Oct 03, 2026