KXIN revenueFY2025$129.0K
- 5Y CAGR
- -36.1%
KXIN revenue was $129.0K for fiscal 2025 (ended Dec 31, 2025). Compound annual growth was -36.1% over 5 years.
Kaixin Holdings (KXIN) financials
For fiscal 2025 (ended Dec 31, 2025), Kaixin Holdings reported $129.0K of revenue and -$53.91M of net income.
- Revenue, FY2025
- $129.0K
- Net income, FY2025
- -$53.91M
- Net margin
- -41788.4%
- EPS, diluted, FY2025
- -$24.20
- Cash
- $859.0K
- P/S
- 968.75
- Market cap
- $125.0M
FY2017FY2025
FY2017FY2025
FY2017FY2024
KXIN revenue and earnings growth
KXIN net incomeFY2025-$53.91M
KXIN net income was -$53.91M for fiscal 2025 (ended Dec 31, 2025), compared with -$40.97M in fiscal 2024.
KXIN EPSFY2025-$24.20
KXIN diluted EPS was -$24.20 for fiscal 2025 (ended Dec 31, 2025).
KXIN free cash flowFY2024-$3.04M
KXIN free cash flow was -$3.04M for fiscal 2024 (ended Dec 31, 2024), compared with -$2.50M in fiscal 2023.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $129.0K | - | $31.54M | $82.84M | $253.84M | $1.21M | $45.85M | $431.40M | $116.59M |
| Cost of revenue | - | - | $31.19M | $82.19M | $248.58M | $1.21M | $45.66M | $413.97M | $113.06M |
| Gross profit | $129.0K | - | $342.0K | $646.0K | $5.26M | $1.00M | $186.0K | $17.43M | $3.53M |
| Research and development | - | - | - | - | - | $757.0K | $3.36M | $4.42M | $3.98M |
| Selling, general and admin | $31.63M | $18.18M | $18.01M | $46.49M | $43.73M | $265.0K | $127.0K | $23.01M | $14.97M |
| Operating income | -$31.59M | -$19.14M | -$20.98M | -$47.94M | -$182.61M | -$276.0K | -$136.0K | -$34.08M | -$26.12M |
| Interest expense | $7.0K | $342.0K | $525.0K | $1.03M | $245.0K | $1.0K | $3.0K | $4.26M | $3.07M |
| Pre-tax income | -$56.64M | -$41.91M | -$53.78M | -$84.55M | -$196.66M | -$166.0K | -$110.0K | -$88.08M | -$29.38M |
| Income tax | -$2.73M | -$931.0K | -$228.0K | $74.0K | -$729.0K | $0 | $0 | $862.0K | $1.16M |
| Net income | -$53.91M | -$40.97M | -$53.56M | -$84.71M | -$196.58M | -$166.0K | -$110.0K | -$89.22M | -$28.62M |
| EPS, basic | -$24.20 | -$781.64 | -$4213.21 | -$11425.80 | -$46386.00 | -$59.40 | -$40.50 | -$96660.00 | -$31050.00 |
| EPS, diluted | -$24.20 | -$781.64 | -$4213.21 | -$11425.80 | -$46386.00 | -$59.40 | -$40.50 | -$96660.00 | -$31050.00 |
| Diluted shares | 2.2M | 52,418 | 12,713 | 7,413.6 | 4,237.643 | 2,742.056 | 2,742.056 | 925.344 | 925.344 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $859.0K | $2.39M | $2.08M | $7.10M | $5.26M | $607.0K | $4.0K | $18.0K | $64.45M |
| Receivables | - | - | - | - | - | - | $219.0K | $1.48M | - |
| Inventory | $66.0K | $29.0K | $65.0K | $31.0K | $404.0K | - | $20.99M | $57.95M | - |
| Current assets | $1.02M | $2.97M | $4.20M | $42.30M | $58.94M | $1.75M | $51.98M | $115.40M | $224.5K |
| Goodwill | $21.24M | - | $38.20M | $0 | - | $0 | - | $75.02M | $64.22M |
| Total assets | $33.02M | $24.64M | $67.63M | $55.68M | $74.16M | $6.59M | $54.39M | $191.23M | $207.01M |
| Current liabilities | $8.96M | $9.05M | $15.12M | $19.87M | $29.38M | $430.0K | $51.05M | $167.21M | $19.9K |
| Short-term debt | - | - | - | $2.00M | $6.28M | $15.26M | $16.63M | $49.89M | - |
| Long-term debt | - | - | - | - | $2.02M | - | - | - | - |
| Total debt | - | - | - | - | $8.30M | - | - | - | - |
| Total liabilities | $11.09M | $11.47M | $18.62M | $20.18M | $36.08M | $430.0K | $51.86M | $260.95M | $205.58M |
| Shareholders' equity | $21.93M | $13.17M | $49.02M | $35.50M | $38.08M | $6.16M | $4.01M | $103.0K | $1.43M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.58M | -$3.02M | -$2.11M | -$2.39M | -$2.10M | -$1.14M | $160.0K | -$9.75M | -$73.68M |
| Capital expenditures | - | $18.0K | $396.0K | $59.0K | - | - | $68.0K | $764.0K | $21.0K |
| Free cash flow | - | -$3.04M | -$2.50M | -$2.45M | - | - | $92.0K | -$10.51M | -$73.70M |
| Investing cash flow | - | -$26.0K | -$3.13M | -$156.0K | $4.27M | -$290.0K | $1.22M | $98.98M | $162.41M |
| Financing cash flow | $1.04M | $4.51M | $1.01M | $5.41M | $2.00M | $2.13M | -$318.0K | -$138.64M | -$59.73M |
| Stock-based compensation | $25.41M | $10.86M | $11.97M | $39.31M | $41.59M | $3.36M | $3.81M | $11.44M | $4.50M |
| Depreciation and amortization | $3.89M | $3.94M | $2.48M | $1.68M | $787.0K | $5.0K | $3.0K | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | -61.9% | -67.4% | 20930.7% | -97.4% | -89.4% | 270.0% | - |
| Gross margin | 100.0% | - | 1.1% | 0.8% | 2.1% | 82.9% | 0.4% | 4.0% | 3.0% |
| Operating margin | -24489.9% | - | -66.5% | -57.9% | -71.9% | -22.9% | -0.3% | -7.9% | -22.4% |
| Net margin | -41788.4% | - | -169.9% | -102.3% | -77.4% | -13.8% | -0.2% | -20.7% | -24.5% |
| Free cash flow margin | - | - | -7.9% | -3.0% | - | - | 0.2% | -2.4% | -63.2% |
| Return on equity | -245.8% | -311.0% | -109.3% | -238.6% | -516.2% | -2.7% | -2.7% | -86616.5% | -1999.9% |
| Return on assets | -163.3% | -166.2% | -79.2% | -152.1% | -265.1% | -2.5% | -0.2% | -46.7% | -13.8% |
| Current ratio | 0.11 | 0.33 | 0.28 | 2.13 | 2.01 | 4.08 | 1.02 | 0.69 | 11.30 |
| Debt to equity | - | - | - | - | 0.22 | - | - | - | - |
Income statement
| Line item | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | $464.1K | $413.54M | $178.0K | $142.0K | $111.8K | $113.05M | $2.6K | $2.4K | $0 |
| Operating income | -$464.1K | -$33.64M | -$178.0K | -$142.0K | -$111.8K | -$26.12M | -$2.6K | -$2.4K | $0 |
| Net income | $726.5K | -$91.36M | $828.1K | $790.0K | $527.7K | -$28.61M | -$2.6K | -$2.4K | $0 |
| EPS, basic | $810.00 | -$98820.00 | $810.00 | $810.00 | $540.00 | - | $0.00 | - | - |
| EPS, diluted | $810.00 | -$98820.00 | $810.00 | $810.00 | $540.00 | - | $0.00 | - | - |
| Diluted shares | 974.929 | - | 974.929 | 974.929 | 974.929 | - | 148.352 | - | - |
Balance sheet
| Line item | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $54.0K | $18.0K | $375.0K | $462.8K | $83.6K | $64.45M | $188.9K | - | - |
| Receivables | - | $1.48M | - | - | - | - | - | - | - |
| Inventory | - | $57.95M | - | - | - | - | - | - | - |
| Current assets | $142.2K | $115.40M | $394.3K | $514.3K | $166.0K | $224.5K | - | - | - |
| Goodwill | - | $75.02M | - | - | - | $64.22M | - | - | - |
| Total assets | $213.85M | $191.23M | $209.76M | $208.87M | $207.59M | $207.01M | $602.4K | - | - |
| Current liabilities | $3.88M | $167.21M | $620.4K | $563.2K | $73.1K | $19.9K | $591.9K | - | - |
| Short-term debt | - | $49.89M | - | - | - | - | - | - | - |
| Total liabilities | - | $260.95M | - | - | - | $205.58M | - | - | - |
| Shareholders' equity | $5.00M | $103.0K | $5.00M | $5.00M | $5.00M | $1.43M | $10.5K | - | - |
Cash flow
| Line item | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.09M | -$9.46M | -$87.9K | -$120.8K | -$81.8K | -$73.68M | - | - | - |
| Investing cash flow | -$2.06M | - | - | - | - | - | - | - | - |
| Financing cash flow | $3.16M | -$139.14M | $0 | - | - | -$59.93M | - | - | - |
Key ratios
Source: XBRL data Kaixin Holdings files with the SEC, latest filing dated Apr 7, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-15, first reported Apr 29, 2024; 1-for-60, first reported Mar 31, 2025; 1-for-30, first reported Apr 7, 2026.
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.
KXIN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| KXIN | $129.0K | - | -$53.91M | -41788.4% | $125.0M |
| UXIN | CN¥3.24B | +135.7% | -CN¥277.54M | -8.6% | $182.6M |
| CANG | $688.08M | +665.3% | -$621.95M | -90.4% | $45.7M |
| CVNA | $27.45B | +50.3% | $2.06B | 7.5% | $84.13B |
| KMX | $27.63B | +4.8% | $292.44M | 1.1% | $7.68B |
| VRM | $157.84M | -4.7% | -$56.61M | -35.9% | $35.4M |
KXIN FAQ
7 questionsWhat is KXIN revenue?
Kaixin Holdings (KXIN) reported $129.0K of revenue for fiscal 2025 (ended Dec 31, 2025).Is KXIN profitable?
No. Kaixin Holdings reported a net loss of $53.91M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does KXIN have?
Kaixin Holdings reported $859.0K in cash and cash equivalents on its most recent balance sheet in SEC filings.What is KXIN gross margin?
Kaixin Holdings's gross profit was $129.0K on $129.0K of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 100.0%.What is KXIN earnings per share?
Diluted earnings per share were -$24.20 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did KXIN last report financial results?
The latest statements here come from Kaixin Holdings's 20-F filed on Apr 7, 2026, covering the period ended Dec 31, 2025.Where does this KXIN financial data come from?
Quantisnow builds these statements from the structured XBRL data Kaixin Holdings files with the SEC. It is provided for information only and is not investment advice.