SAIHEAT Limited Class A Ordinary Shares (SAIH)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable earnings, honest book value, and a margin of safety. SAIHEAT does not yet show those traits. It sells liquid-cooling equipment for crypto mining and data centers, with a 16-person staff and products like SAIHUB CAB and ULTIWIT. The filed figures are thin and old: in fiscal Q2 2021, the quarter ended 2021-06-30, net income was -$22,549; in fiscal Q3 2021, the quarter ended 2021-09-30, net loss was -$551,845; and in fiscal Q1 2022, the quarter ended 2022-03-31, net loss was -$632,172. Revenue is listed as n/a in those filings, so I cannot judge growth or pricing power. FairStock calculations at the 2026-10-13 close of $25.61 show a market cap of $20.5M, negative P/E of -7.28, P/B of 6.34, EPS of -$3.52, ROE of -59.31%, ROCE of -21.07%, and debt-to-equity of 0.57. The Piotroski F-Score is 0/9 and Altman Z-Score is -1.96, which point to serious financial fragility. The FairStock Score is 41/100, and no Lynch category can be assigned because there are only 0 years of filed annual results, versus the 3 needed. Beta of 1.74 and the 52-week range of $5.90-$33.00 confirm high volatility. The liquid-cooling and heat-reuse idea may have a market, but without revenue and with continuing losses, there is no demonstrable moat or margin of safety. At 6.34 times book with no earnings, the price already assumes a turnaround I cannot verify.

In plain English: The company makes liquid-cooling equipment for crypto mining computers and data centers. It is losing money; the filed quarters show net losses, and revenue is not reported in those filings. At the recent price, the stock looks expensive compared with the company's assets and has no profits to support it.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2022 10-Q (period ended 2022-03-31) · fiscal Q3 2021 10-Q (period ended 2021-09-30) · fiscal Q2 2021 10-Q (period ended 2021-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer