Kandi Technologies Group, Inc. KNDI
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.14
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $87.4M | $127.6M | $123.6M | $117.8M | — |
| Cost of revenue | $50.1M | $88.3M | $82.2M | $98.3M | — |
| Gross profit | $37.3M | $39.3M | $41.4M | $19.5M | — |
| R&D | $7.6M | $5.0M | $4.3M | $6.0M | — |
| SG&A | $54.4M | $57.7M | $35.4M | $32.3M | — |
| Total operating expenses | $94.5M | $108.1M | $54.4M | $47.2M | — |
| Operating income | -$57.2M | -$68.8M | -$13.1M | -$27.7M | — |
| Interest expense | $1.9M | $2.2M | $1.3M | $707.5K | — |
| Pre-tax income | -$91.6M | -$56.1M | $3.5M | -$13.3M | — |
| Income tax | $3.9M | $5.1M | $1.8M | $487.5K | — |
| Net income | -$93.9M | -$50.5M | $7.1K | -$12.1M | — |
| EPS, basic | -1.14 | -0.59 | 0.02 | -0.17 | — |
| EPS, diluted | -1.14 | -0.59 | 0.02 | -0.17 | — |
| Shares, diluted (wtd. avg.) | 83.6M | 86.3M | 79.9M | 75.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $35.5M | $37.3M | $33.8M | $151.0M | $168.7M |
| Receivables | $22.5M | $26.5M | $19.0M | — | — |
| Inventory | $26.4M | $51.3M | $61.6M | — | — |
| Total current assets | $301.1M | $354.6M | $343.5M | — | — |
| Property, plant and equipment | $58.6M | $63.5M | $98.8M | — | — |
| Goodwill | $22.5M | $31.2M | $33.1M | — | — |
| Other intangibles | $318.3K | $3.9M | $6.4M | — | — |
| Total assets | $399.7M | $473.9M | $495.5M | — | — |
| Accounts payable | $22.1M | $25.5M | $28.7M | — | — |
| Short-term debt | $30.8M | $37.5M | $9.1M | — | — |
| Total current liabilities | $128.4M | $120.4M | $76.7M | — | — |
| Long-term debt | $6.1M | $5.7M | $8.4M | — | — |
| Total liabilities | $129.6M | $127.3M | $88.9M | — | — |
| Retained earnings | -$160.7M | -$66.8M | -$16.3M | — | — |
| Total equity | $270.1M | $344.7M | $406.5M | $397.7M | $443.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $96.8M | -$17.8M | -$101.2M | $31.5M | — |
| Depreciation and amortisation | $5.7M | $12.0M | $11.9M | $12.4M | — |
| Stock-based compensation | $7.1M | $7.1M | $11.1M | $1.9M | — |
| Investing cash flow | -$77.5M | $25.7M | $32.3M | -$35.0M | — |
| Financing cash flow | -$14.6M | $22.5M | $14.8M | -$4.3M | — |
| Buybacks | — | $3.9M | $510.7K | $7.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-048312.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $117.8M | $123.6M | $127.6M | $87.4M |
| Gross profit | — | $19.5M | $41.4M | $39.3M | $37.3M |
| Net income | — | -$12.1M | $7.1K | -$50.5M | -$93.9M |
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