KNDI revenueFY2025$87.44M
- FY YoY
- -31.5%
KNDI revenue was $87.44M for fiscal 2025 (ended Dec 31, 2025), down 31.5% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
Kandi Technologies Group Inc. (KNDI) financials
For fiscal 2025 (ended Dec 31, 2025), Kandi Technologies Group Inc. reported $87.44M of revenue and -$93.88M of net income.
- Revenue, FY2025
- $87.44M
- Revenue growth, YoY
- -31.5%
- Net income, FY2025
- -$93.88M
- Net margin
- -107.4%
- EPS, diluted, FY2025
- -$1.14
- Cash
- $35.53M
- Total debt
- $6.10M
- P/S
- 0.41
- Market cap
- $35.6M
FY2022FY2025
FY2022FY2025
KNDI revenue and earnings growth
KNDI net incomeFY2025-$93.88M
KNDI net income was -$93.88M for fiscal 2025 (ended Dec 31, 2025), compared with -$50.50M in fiscal 2024.
KNDI EPSFY2025-$1.14
KNDI diluted EPS was -$1.14 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.59 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $87.44M | $127.57M | $123.60M | $117.81M |
| Cost of revenue | $50.15M | $88.30M | $82.23M | $98.30M |
| Gross profit | $37.29M | $39.27M | $41.37M | $19.52M |
| Research and development | $7.62M | $5.00M | $4.27M | $6.03M |
| Selling, general and admin | $54.39M | $57.68M | $35.38M | $32.33M |
| Operating income | -$57.18M | -$68.78M | -$13.05M | -$27.68M |
| Interest expense | $1.89M | $2.20M | $1.33M | $707.5K |
| Pre-tax income | -$91.63M | -$56.08M | $3.47M | -$13.34M |
| Income tax | $3.94M | -$5.13M | $1.80M | -$487.5K |
| Net income | -$93.88M | -$50.50M | $7.1K | -$12.12M |
| EPS, basic | -$1.14 | -$0.59 | $0.02 | -$0.17 |
| EPS, diluted | -$1.14 | -$0.59 | $0.02 | -$0.17 |
| Diluted shares | 83.6M | 86.3M | 79.9M | 75.6M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $35.53M | $37.31M | $33.76M | $151.04M |
| Receivables | $22.48M | $26.46M | $18.95M | - |
| Inventory | $26.36M | $51.27M | $61.55M | - |
| Current assets | $301.08M | $354.65M | $343.55M | - |
| Goodwill | $22.49M | $31.18M | $33.15M | - |
| Total assets | $399.66M | $473.90M | $495.46M | - |
| Current liabilities | $128.42M | $120.39M | $76.67M | - |
| Short-term debt | $30.75M | $37.53M | $9.07M | - |
| Long-term debt | - | $5.71M | $8.39M | - |
| Total debt | $6.10M | $43.24M | $17.46M | - |
| Total liabilities | $129.60M | $127.27M | $88.95M | - |
| Shareholders' equity | $270.06M | $344.70M | $406.51M | $397.69M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | $96.81M | -$17.82M | -$101.16M | $31.48M |
| Investing cash flow | -$77.47M | $25.72M | $32.28M | -$35.03M |
| Financing cash flow | -$14.55M | $22.51M | $14.83M | -$4.33M |
| Share repurchases | - | $3.92M | $510.7K | $7.50M |
| Stock-based compensation | $7.12M | $7.11M | $11.06M | $1.93M |
| Depreciation and amortization | $5.70M | $12.02M | $11.91M | $12.43M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | -31.5% | 3.2% | 4.9% | - |
| Gross margin | 42.6% | 30.8% | 33.5% | 16.6% |
| Operating margin | -65.4% | -53.9% | -10.6% | -23.5% |
| Net margin | -107.4% | -39.6% | 0.0% | -10.3% |
| Return on equity | -34.8% | -14.6% | 0.0% | -3.0% |
| Return on assets | -23.5% | -10.7% | 0.0% | - |
| Current ratio | 2.34 | 2.95 | 4.48 | - |
| Debt to equity | 0.02 | 0.13 | 0.04 | - |
Source: XBRL data Kandi Technologies Group Inc. files with the SEC, latest filing dated Apr 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
KNDI peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| KNDI | $87.44M | -31.5% | -$93.88M | -107.4% | $35.6M |
| NIO | CN¥87.49B | +33.1% | -CN¥15.57B | -17.8% | $8.22B |
| LI | CN¥112.31B | -22.3% | CN¥1.12B | 1.0% | $12.21B |
| XPEV | CN¥76.72B | +87.7% | -CN¥1.14B | -1.5% | $9.71B |
| PII | $7.65B | +9.5% | -$206.20M | -2.7% | $3.79B |
| NIU | CN¥4.31B | +31.0% | -CN¥39.39M | -0.9% | $142.8M |
| WKHS | $22.79M | +237.3% | -$68.71M | -301.5% | $37.4M |
| GGR | $281.48M | -9.4% | -$79.97M | -28.4% | $58.1M |
KNDI FAQ
8 questionsWhat is KNDI revenue?
Kandi Technologies Group Inc. (KNDI) reported $87.44M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 31.5% from the year before.Is KNDI profitable?
No. Kandi Technologies Group Inc. reported a net loss of $93.88M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does KNDI have?
Kandi Technologies Group Inc. reported $35.53M in cash and cash equivalents and $6.10M of debt on its most recent balance sheet in SEC filings.How fast is KNDI revenue growing?
Kandi Technologies Group Inc.'s revenue changed -31.5% in fiscal 2025, to $87.44M.What is KNDI gross margin?
Kandi Technologies Group Inc.'s gross profit was $37.29M on $87.44M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 42.6%.What is KNDI earnings per share?
Diluted earnings per share were -$1.14 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did KNDI last report financial results?
The latest statements here come from Kandi Technologies Group Inc.'s 20-F filed on Apr 28, 2026, covering the period ended Dec 31, 2025.Where does this KNDI financial data come from?
Quantisnow builds these statements from the structured XBRL data Kandi Technologies Group Inc. files with the SEC. It is provided for information only and is not investment advice.