NASDAQ : AIXI
Xiao-I Corporation — Financial statements
Technology · Software - Application · China
Last price 2.75 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.55M
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Financial statements
Xiao-I Corporation (AIXI) reported revenue of 1.85M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.85M | 12.33M | 70.31M | 59.17M | 48.18M | 32.52M |
| Cost of Revenue | 3.68M | 6.85M | 22.26M | 19.74M | 17.38M | 10.89M |
| Gross Profit | -1.82M | 5.48M | 48.05M | 39.42M | 30.81M | 21.64M |
| Selling, General & Admin | 76.38M | 77.63M | 26.26M | 8.96M | 9.94M | 11.28M |
| Research & Development | 1.13M | 24.46M | 34.66M | 52.39M | 24.00M | 5.36M |
| Operating Expenses | 77.51M | 102.08M | 60.92M | 61.35M | 33.94M | 16.64M |
| Operating Income | -79.33M | -96.60M | -12.87M | -21.92M | -3.14M | 5.00M |
| Interest Expense | -3.32M | -3.08M | -2.32M | -2.32M | -2.44M | -1.87M |
| Interest & Investment Income | 75.54K | |||||
| Currency Exchange Gain (Loss) | -148.09K | -148.09K | 3.86K | 2.79K | -68.90K | 11.25K |
| Other Non Operating Income (Expenses) | 2.60M | 2.30M | 717.28K | 949.12K | 444.02K | 932.56K |
| EBT Excluding Unusual Items | -80.20M | -97.53M | -14.47M | -23.22M | -5.20M | 4.07M |
| Gain (Loss) on Sale of Investments | -2.52M | -2.54M | -81.62K | -143.18K | -156.63K | |
| Gain (Loss) on Sale of Assets | -1.76M | -1.76M | ||||
| Pretax Income | -84.48M | -101.83M | -14.55M | -23.22M | -5.34M | 3.92M |
| Income Tax Expense | 3.79M | 660.65K | 552.36K | |||
| Earnings From Continuing Operations | -84.48M | -101.83M | -14.55M | -27.01M | -6.01M | 3.37M |
| Minority Interest in Earnings | 349.45K | 605.37K | 45.86K | 543.96K | 106.78K | 312.81K |
| Net Income | -84.13M | -101.22M | -14.51M | -26.46M | -5.90M | 3.68M |
| Net Income to Common | -84.13M | -101.22M | -14.51M | -26.46M | -5.90M | 3.68M |
| Shares Outstanding (Basic) | 198.47K | 98.83K | 61.33K | 56.30K | 52.66K | 52.66K |
| Shares Outstanding (Diluted) | 198.47K | 98.83K | 61.33K | 56.30K | 52.66K | 53.24K |
| EPS (Basic) | -423.91 | -1,024.25 | -236.50 | -470.01 | -112.02 | 69.85 |
| EPS (Diluted) | -424.36 | -1,024.80 | -236.50 | -470.40 | -113.40 | 67.20 |
| Free Cash Flow | -852.80K | -3.73M | -15.51M | -17.95M | -11.03M | -11.91M |
| Free Cash Flow Per Share | -4.30 | -37.75 | -252.82 | -318.90 | -209.48 | -223.61 |
| Gross Margin | -98.45% | 44.45% | 68.34% | 66.63% | 63.93% | 66.53% |
| Operating Margin | -4,283.81% | -783.63% | -18.30% | -37.05% | -6.51% | 15.36% |
| Profit Margin | -4,543.02% | -821.09% | -20.63% | -44.73% | -12.24% | 11.31% |
| Free Cash Flow Margin | -46.05% | -30.26% | -22.05% | -30.34% | -22.89% | -36.61% |
| EBITDA | -79.47M | -96.52M | -12.38M | -21.68M | -3.06M | 5.06M |
| EBITDA Margin | -17.61% | -36.64% | -6.34% | 15.56% | ||
| D&A For EBITDA | -134.18K | 86.60K | 490.33K | 244.03K | 78.83K | 65.16K |
| EBIT | -79.33M | -96.60M | -12.87M | -21.92M | -3.14M | 5.00M |
| EBIT Margin | -18.30% | -37.05% | -6.51% | 15.36% | ||
| Effective Tax Rate | 14.10% | |||||
| Revenue as Reported | 1.85M | 12.33M | 70.31M | 59.17M | 48.18M | 32.52M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.45M | 2.32M | 846.59K | 1.56M | 1.03M | 1.31M |
| Cash & Short-Term Investments | 3.45M | 2.32M | 846.59K | 1.56M | 1.03M | 1.31M |
| Accounts Receivable | 834.67K | 6.31M | 55.54M | 28.33M | 41.41M | 31.24M |
| Other Receivables | -2.42M | 2.41M | 359.99K | 96.74K | ||
| Receivables | -1.58M | 6.31M | 69.02M | 30.73M | 42.07M | 31.65M |
| Inventory | 2.36M | 21.36K | 121.15K | 2.74M | 768.22K | 768.76K |
| Prepaid Expenses | 1.32M | 792.73K | ||||
| Restricted Cash | 167.03K | 116.87K | 20.68K | |||
| Other Current Assets | 1.71M | 1.84M | 5.71M | 3.00M | 4.56M | 2.07M |
| Total Current Assets | 6.10M | 11.93M | 76.49M | 38.05M | 48.42M | 35.81M |
| Property, Plant & Equipment | 69.00K | 203.79K | 2.70M | 4.56M | 1.08M | 1.40M |
| Long-Term Investments | 2.50M | 2.65M | 2.85M | 335.45K | ||
| Other Intangible Assets | 2.64K | 114.44K | 143.37K | 212.44K | 637.11K | 798.46K |
| Long-Term Deferred Tax Assets | 3.89M | 4.91M | ||||
| Other Long-Term Assets | -3.00M | 3.66M | 3.68M | 17.86M | 3.70M | 3.94M |
| Total Assets | 6.18M | 15.90M | 85.51M | 66.33M | 60.58M | 47.19M |
| Accounts Payable | 40.68M | 39.27M | 27.20M | 13.83M | 9.51M | 6.23M |
| Accrued Expenses | 18.05M | 16.60M | 10.79M | 6.89M | 9.63M | 5.42M |
| Short-Term Debt | 40.11M | 41.57M | 42.69M | 32.34M | 29.59M | 20.13M |
| Current Portion of Leases | 39.00K | 40.10K | 483.66K | 929.75K | 435.46K | 800.66K |
| Current Income Taxes Payable | 17.90K | |||||
| Current Unearned Revenue | 2.04M | 2.84M | 2.39M | 1.65M | 2.55M | 2.95M |
| Other Current Liabilities | 4.80M | 2.97M | 3.06M | 2.02M | 891.93K | 512.59K |
| Total Current Liabilities | 105.73M | 103.29M | 86.60M | 57.66M | 52.61M | 36.06M |
| Long-Term Debt | 13.35M | 12.75M | 9.87M | 10.57M | 11.89M | 8.91M |
| Long-Term Leases | 1.99K | 18.39K | 295.96K | 1.47M | 300.97K | 446.14K |
| Other Long-Term Liabilities | 4.88M | 4.70M | 4.51M | 5.09M | 4.77M | 5.16M |
| Total Liabilities | 123.96M | 120.77M | 101.28M | 74.80M | 69.57M | 50.57M |
| Common Stock | 11.87K | 2.76K | 1.60K | 1.20K | 1.11K | 1.11K |
| Additional Paid-In Capital | 134.43M | 130.13M | 115.75M | 108.73M | 75.62M | 75.62M |
| Retained Earnings | -239.36M | -226.32M | -125.10M | -110.60M | -78.25M | -72.35M |
| Comprehensive Income & Other | -8.54M | -4.37M | -2.85M | -3.00M | -3.26M | -3.46M |
| Total Common Equity | -113.46M | -100.55M | -12.20M | -4.86M | -5.89M | -189.16K |
| Minority Interest | -4.33M | -4.31M | -3.57M | -3.60M | -3.10M | -3.19M |
| Shareholders' Equity | -117.79M | -104.86M | -15.77M | -8.47M | -8.98M | -3.38M |
| Total Liabilities & Equity | 6.18M | 15.90M | 85.51M | 66.33M | 60.58M | 47.19M |
| Total Debt | 53.51M | 54.38M | 53.34M | 45.31M | 42.21M | 30.28M |
| Net Cash (Debt) | -50.06M | -52.06M | -52.50M | -43.75M | -41.18M | -28.97M |
| Net Cash Per Share | -252.20 | -526.81 | -855.91 | -777.06 | -782.14 | -544.08 |
| Filing Date Shares Outstanding | 565.21K | 131.51K | 76.07K | 57.18K | 57.18K | 52.66K |
| Total Common Shares Outstanding | 565.21K | 131.51K | 76.07K | 57.18K | 52.66K | 52.66K |
| Working Capital | -99.62M | -91.36M | -10.11M | -19.61M | -4.19M | -257.62K |
| Book Value Per Share | -200.74 | -764.60 | -160.41 | -85.06 | -111.78 | -3.59 |
| Tangible Book Value | -113.46M | -100.67M | -12.35M | -5.08M | -6.52M | -987.62K |
| Tangible Book Value Per Share | -200.74 | -765.47 | -162.30 | -88.78 | -123.88 | -18.76 |
| Machinery | 449.76K | 436.38K | 2.68M | 2.39M | 409.73K | 341.65K |
| Construction In Progress | 2.09K | |||||
| Leasehold Improvements | 145.04K | 140.73K | 99.53K | 183.09K | 63.68K | 55.86K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -84.13M | -101.22M | -14.51M | -26.46M | -5.90M | 3.68M |
| Depreciation & Amortization | -307.17K | 136.01K | 1.09M | 860.00K | 791.67K | 1.15M |
| Other Amortization | 550.77K | 34.25K | 49.60K | 448.75K | 103.44K | 107.89K |
| Loss (Gain) From Sale of Assets | 1.77M | 1.68M | 80.54K | 3.44K | -54.05K | |
| Loss (Gain) From Sale of Investments | 2.54M | 2.54M | -58.13K | |||
| Loss (Gain) on Equity Investments | -17.22K | 81.62K | 155.73K | 143.18K | 156.63K | |
| Stock-Based Compensation | -195.74K | 5.88M | 1.56M | |||
| Provision & Write-off of Bad Debts | 53.33M | 45.78M | 2.05M | -5.11M | 2.15M | 270.65K |
| Other Operating Activities | 19.01M | 15.04M | 8.48M | 3.82M | 417.28K | 1.60M |
| Change in Accounts Receivable | 4.45M | 3.46M | -30.43M | 11.11M | -15.01M | -23.39M |
| Change in Inventory | 43.87K | 14.36K | 52.41K | 122.76K | -2.13M | -495.40K |
| Change in Accounts Payable | -6.45M | 12.07M | 14.08M | 4.77M | 4.12M | 3.39M |
| Change in Unearned Revenue | -225.51K | 457.65K | 787.45K | -828.97K | -179.18K | 1.04M |
| Change in Income Taxes | -16.96K | 17.90K | ||||
| Change in Other Net Operating Assets | 8.65M | 10.46M | 1.48M | -4.62M | 4.59M | 638.27K |
| Operating Cash Flow | -811.06K | -3.69M | -15.14M | -15.79M | -10.92M | -11.89M |
| Capital Expenditures | -41.74K | -41.74K | -368.17K | -2.16M | -106.81K | -18.85K |
| Sale of Property, Plant & Equipment | 752.00 | 83.83K | 96.11K | |||
| Sale (Purchase) of Intangibles | 453.00 | -3.12K | -41.18K | -308.00 | ||
| Investment in Securities | -753.30K | -2.75M | ||||
| Other Investing Activities | -13.61M | |||||
| Investing Cash Flow | -40.53K | 42.09K | -468.57K | -20.06M | -2.86M | 77.26K |
| Short-Term Debt Issued | 20.28M | 38.54M | 26.83M | 21.25M | 11.39M | |
| Long-Term Debt Issued | 4.50M | 5.89M | 4.99M | 10.27M | 31.88M | |
| Total Debt Issued | 5.89M | 24.78M | 44.43M | 31.82M | 31.52M | 43.27M |
| Short-Term Debt Repaid | -15.36M | -27.10M | -21.95M | -12.27M | -16.47M | |
| Long-Term Debt Repaid | -3.70M | -2.47M | -7.80M | -4.38M | -14.61M | |
| Total Debt Repaid | -4.12M | -19.06M | -29.57M | -29.75M | -16.65M | -31.08M |
| Net Debt Issued (Repaid) | 1.77M | 5.72M | 14.86M | 2.07M | 14.87M | 12.19M |
| Issuance of Common Stock | 980.00K | 34.40M | ||||
| Other Financing Activities | -1.36M | |||||
| Financing Cash Flow | 1.77M | 5.72M | 15.84M | 36.47M | 13.51M | 12.19M |
| Foreign Exchange Rate Adjustments | -2.31M | -483.03K | -950.83K | -85.47K | -12.44K | 101.73K |
| Net Cash Flow | -1.39M | 1.59M | -717.95K | 538.30K | -285.60K | 484.82K |
| Free Cash Flow | -852.80K | -3.73M | -15.51M | -17.95M | -11.03M | -11.91M |
| Free Cash Flow Margin | -46.05% | -30.26% | -22.05% | -30.34% | -22.89% | -36.61% |
| Free Cash Flow Per Share | -4.30 | -37.75 | -252.82 | -318.90 | -209.48 | -223.61 |
| Levered Free Cash Flow | 21.85M | 27.99M | -27.28M | -3.34M | -8.15M | -12.70M |
| Unlevered Free Cash Flow | 23.93M | 29.92M | -25.83M | -1.88M | -6.62M | -11.53M |
| Cash Interest Paid | 2.52M | 3.08M | 1.61M | 3.80M | 609.45K | 121.67K |
| Cash Income Tax Paid | 2.00 | -36.28K | ||||
| Change in Working Capital | 6.47M | 26.46M | -14.03M | 10.55M | -8.63M | -18.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.55M | 4.37M | 55.59M | 163.54M | ||
| Enterprise Value | 51.61M | 51.88M | 93.79M | 180.59M | ||
| Last Close Price | 2.75 | 57.40 | 807.80 | 2,860.20 | ||
| PS Ratio | 0.84 | 0.35 | 0.79 | 2.76 | ||
| PB Ratio | -0.04 | -3.52 | -19.32 | |||
| EV/Sales Ratio | 27.87 | 4.21 | 1.33 | 3.05 | ||
| Debt / Equity Ratio | -0.45 | -0.52 | -3.38 | -5.35 | -4.70 | -8.95 |
| Debt / EBITDA Ratio | 4.82 | |||||
| Net Debt / Equity Ratio | -0.42 | -0.50 | -3.33 | -5.17 | -4.58 | -8.56 |
| Net Debt / EBITDA Ratio | -0.63 | -0.54 | -4.24 | -2.02 | -13.47 | 5.72 |
| Net Debt / FCF Ratio | -58.70 | -13.96 | -3.38 | -2.44 | -3.73 | -2.43 |
| Asset Turnover | 0.04 | 0.24 | 0.93 | 0.93 | 0.89 | 0.90 |
| Inventory Turnover | 1.53 | 96.12 | 15.56 | 11.26 | 22.61 | 20.89 |
| Quick Ratio | 0.02 | 0.08 | 0.65 | 0.56 | 0.81 | 0.91 |
| Current Ratio | 0.06 | 0.12 | 0.88 | 0.66 | 0.92 | 0.99 |
| Return on Assets (ROA) | -111.97% | -119.07% | -10.60% | -21.59% | -3.64% | 8.63% |
| Return on Invested Capital (ROIC) | -339.61% | -263.42% | -32.84% | 81.43% | ||
| Return on Capital Employed (ROCE) | 79.70% | 110.50% | 1,178.70% | -252.80% | -39.30% | 44.90% |
| Earnings Yield | -15,431.15% | -2,318.20% | -26.10% | -16.18% | ||
| FCF Yield | -54.87% | -85.44% | -27.89% | -10.98% | ||
| Buyback Yield / Dilution | -162.78% | -61.13% | -8.94% | -6.92% | 1.10% | -1.12% |