NASDAQ : KXIN
Kaixin Holdings — Financial statements
Consumer Discretionary · Auto & Truck Dealerships · China
Last price 1.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 89.65M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kaixin Holdings (KXIN) reported revenue of 701.00K 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 | 701.00K | 129.00K | 31.54M | 82.84M | 253.84M | |
| Cost of Revenue | 644.00K | 31.19M | 105.11M | 252.80M | ||
| Gross Profit | 57.00K | 129.00K | 342.00K | -22.27M | 1.04M | |
| Selling, General & Admin | 24.95M | 31.72M | 19.14M | 21.33M | 48.59M | 44.22M |
| Operating Expenses | 24.95M | 31.72M | 19.14M | 21.33M | 48.59M | 44.22M |
| Operating Income | -24.89M | -31.59M | -19.14M | -20.98M | -70.86M | -43.17M |
| Interest Expense | -32.00K | -7.00K | -342.00K | -525.00K | -1.03M | -245.00K |
| Earnings From Equity Investments | -7.00K | -41.00K | ||||
| Currency Exchange Gain (Loss) | -4.00K | 5.00K | 7.00K | -10.00K | -139.00K | -432.00K |
| Other Non Operating Income (Expenses) | -315.00K | -260.00K | 602.00K | -32.33M | 1.04M | 1.99M |
| EBT Excluding Unusual Items | -25.25M | -31.89M | -18.87M | -53.85M | -70.99M | -41.86M |
| Impairment of Goodwill | -143.66M | |||||
| Gain (Loss) on Sale of Assets | -7.80M | -7.80M | -23.04M | 64.00K | 1.58M | |
| Asset Writedown | -16.95M | -16.95M | ||||
| Other Unusual Items | -15.13M | -11.14M | ||||
| Pretax Income | -49.99M | -56.64M | -41.91M | -53.78M | -84.55M | -196.66M |
| Income Tax Expense | -2.58M | -2.73M | -931.00K | -228.00K | 74.00K | -729.00K |
| Earnings From Continuing Operations | -47.41M | -53.91M | -40.98M | -53.55M | -84.62M | -195.93M |
| Minority Interest in Earnings | 1.00K | 8.00K | -9.00K | -87.00K | -651.00K | |
| Net Income | -47.41M | -53.91M | -40.97M | -53.56M | -84.71M | -196.58M |
| Net Income to Common | -47.41M | -53.91M | -40.97M | -53.56M | -84.71M | -196.58M |
| Shares Outstanding (Basic) | 5.16M | 148.52K | ||||
| Shares Outstanding (Diluted) | 5.16M | 148.52K | ||||
| EPS (Basic) | -9.20 | -362.97 | ||||
| EPS (Diluted) | -9.20 | -362.97 | ||||
| Free Cash Flow | -2.35M | -2.58M | -3.04M | -2.50M | -2.45M | -2.10M |
| Free Cash Flow Per Share | -0.46 | -17.39 | ||||
| Gross Margin | 8.13% | 100.00% | 1.08% | -26.89% | 0.41% | |
| Operating Margin | -3,550.64% | -24,489.92% | -66.54% | -85.54% | -17.01% | |
| Profit Margin | -6,763.34% | -41,788.37% | -169.85% | -102.25% | -77.44% | |
| Free Cash Flow Margin | -335.24% | -2,002.33% | -7.94% | -2.96% | -0.83% | |
| EBITDA | -21.02M | -27.70M | -15.20M | -18.50M | -69.18M | -42.39M |
| EBITDA Margin | -58.67% | -83.51% | -16.70% | |||
| D&A For EBITDA | 3.87M | 3.89M | 3.94M | 2.48M | 1.68M | 787.00K |
| EBIT | -24.89M | -31.59M | -19.14M | -20.98M | -70.86M | -43.17M |
| EBIT Margin | -66.54% | -85.54% | -17.01% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 679.00K | 859.00K | 2.39M | 2.08M | 7.10M | 5.26M |
| Cash & Short-Term Investments | 679.00K | 859.00K | 2.39M | 2.08M | 7.10M | 5.26M |
| Other Receivables | 1.46M | 18.39M | 19.25M | |||
| Receivables | 1.46M | 18.39M | 19.25M | |||
| Inventory | 68.00K | 66.00K | 29.00K | 65.00K | 16.61M | 32.49M |
| Other Current Assets | 881.00K | 97.00K | 557.00K | 597.00K | 198.00K | 1.93M |
| Total Current Assets | 1.63M | 1.02M | 2.97M | 4.20M | 42.30M | 58.94M |
| Property, Plant & Equipment | 300.00K | 344.00K | 565.00K | 792.00K | 477.00K | 583.00K |
| Long-Term Investments | 350.00K | 352.00K | 393.00K | |||
| Goodwill | 21.24M | 21.24M | 38.20M | |||
| Other Intangible Assets | 9.55M | 10.06M | 20.71M | 24.44M | 12.90M | 14.64M |
| Total Assets | 33.07M | 33.02M | 24.64M | 67.63M | 55.68M | 74.16M |
| Accounts Payable | 511.00K | 1.64M | 295.00K | |||
| Accrued Expenses | 8.51M | 392.00K | 494.00K | 1.01M | 2.81M | 11.15M |
| Short-Term Debt | 1.37M | 840.00K | 2.60M | 9.30M | 6.28M | |
| Current Portion of Leases | 65.00K | 94.00K | 141.00K | 126.00K | 119.00K | 85.00K |
| Current Income Taxes Payable | 68.00K | 764.00K | 776.00K | 3.40M | ||
| Current Unearned Revenue | 733.00K | 6.00K | 77.00K | 553.00K | ||
| Other Current Liabilities | 7.10M | 7.43M | 10.11M | 5.21M | 7.62M | |
| Total Current Liabilities | 9.31M | 8.96M | 9.05M | 15.12M | 19.87M | 29.38M |
| Long-Term Debt | 4.02M | |||||
| Long-Term Leases | 40.00K | 90.00K | 238.00K | 311.00K | 431.00K | |
| Long-Term Deferred Tax Liabilities | 2.00M | 2.12M | 2.33M | 3.26M | ||
| Other Long-Term Liabilities | 2.25M | |||||
| Total Liabilities | 11.35M | 11.09M | 11.47M | 18.62M | 20.18M | 36.08M |
| Common Stock | 448.90M | 31.66M | 297.00K | 37.00K | 11.00K | 8.00K |
| Additional Paid-In Capital | 22.10M | 437.64M | 406.34M | 399.12M | 312.83M | 227.31M |
| Retained Earnings | -433.36M | -431.44M | -377.54M | -336.56M | -283.00M | -198.29M |
| Comprehensive Income & Other | -15.93M | -15.93M | -15.94M | -17.01M | 1.47M | 637.00K |
| Total Common Equity | 21.72M | 21.93M | 13.17M | 45.58M | 31.31M | 29.66M |
| Minority Interest | 1.00K | 3.43M | 4.19M | 8.42M | ||
| Shareholders' Equity | 21.72M | 21.93M | 13.17M | 49.02M | 35.50M | 38.08M |
| Total Liabilities & Equity | 33.07M | 33.02M | 24.64M | 67.63M | 55.68M | 74.16M |
| Total Debt | 105.00K | 1.46M | 1.07M | 2.97M | 9.73M | 10.81M |
| Net Cash (Debt) | 574.00K | -603.00K | 1.32M | -882.00K | -2.63M | -5.55M |
| Net Cash Per Share | 0.11 | -4.06 | ||||
| Filing Date Shares Outstanding | 45.28M | 1.56M | 159.67K | 1.84K | 564.00 | 432.00 |
| Total Common Shares Outstanding | 22.17M | 1.56M | 85.53K | 1.84K | 564.00 | 403.00 |
| Working Capital | -7.68M | -7.94M | -6.07M | -10.91M | 22.43M | 29.55M |
| Book Value Per Share | 0.98 | 14.02 | 153.97 | 24,705.15 | 55,517.73 | 73,600.50 |
| Tangible Book Value | -9.07M | -9.37M | -7.54M | -17.06M | 18.41M | 15.02M |
| Tangible Book Value Per Share | -0.41 | -6.00 | -88.20 | -9,245.53 | 32,640.07 | 37,272.95 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -47.41M | -53.91M | -40.97M | -53.56M | -84.71M | -196.58M |
| Depreciation & Amortization | 4.04M | 4.04M | 3.94M | 2.48M | 1.68M | 787.00K |
| Other Amortization | 392.00K | 392.00K | 23.26M | 22.92M | 4.22M | |
| Loss (Gain) From Sale of Assets | 7.80M | 7.80M | 23.04M | -64.00K | -1.58M | 8.00K |
| Asset Writedown & Restructuring Costs | 16.95M | 16.95M | 143.66M | |||
| Loss (Gain) on Equity Investments | 41.00K | 41.00K | ||||
| Stock-Based Compensation | 25.41M | 25.41M | 10.86M | 11.97M | 39.31M | 41.59M |
| Other Operating Activities | -9.02M | -2.76M | -247.00K | 12.05M | 18.19M | 10.25M |
| Change in Inventory | -35.00K | -35.00K | 35.00K | -35.00K | 373.00K | -404.00K |
| Change in Accounts Payable | -93.00K | 106.00K | -38.00K | -111.00K | ||
| Change in Unearned Revenue | -2.00K | -2.00K | 78.00K | -390.00K | -318.00K | |
| Change in Income Taxes | -68.00K | -68.00K | -401.00K | -30.00K | -398.00K | -684.00K |
| Change in Other Net Operating Assets | -435.00K | -435.00K | 745.00K | 1.71M | 2.24M | -4.51M |
| Operating Cash Flow | -2.35M | -2.58M | -3.02M | -2.11M | -2.39M | -2.10M |
| Capital Expenditures | -18.00K | -396.00K | -59.00K | |||
| Cash Acquisitions | 2.00K | 4.30M | ||||
| Divestitures | -1.00K | -8.00K | -2.74M | -97.00K | ||
| Sale (Purchase) of Intangibles | -32.00K | |||||
| Investing Cash Flow | -1.00K | -26.00K | -3.13M | -156.00K | 4.27M | |
| Short-Term Debt Issued | 286.00K | |||||
| Long-Term Debt Issued | 1.10M | 2.00M | 2.00M | |||
| Total Debt Issued | 1.10M | 1.10M | 286.00K | 2.00M | 2.00M | |
| Short-Term Debt Repaid | -60.00K | |||||
| Long-Term Debt Repaid | -50.00K | |||||
| Total Debt Repaid | 296.00K | -60.00K | -50.00K | |||
| Net Debt Issued (Repaid) | 1.40M | 1.04M | 286.00K | -50.00K | 2.00M | 2.00M |
| Issuance of Common Stock | 1.06M | 4.22M | 1.06M | 5.38M | ||
| Other Financing Activities | -1.98M | |||||
| Financing Cash Flow | 2.46M | 1.04M | 4.51M | 1.01M | 5.41M | 2.00M |
| Foreign Exchange Rate Adjustments | 18.00K | 10.00K | -1.16M | -790.00K | -1.02M | 492.00K |
| Net Cash Flow | 127.00K | -1.53M | 303.00K | -5.02M | 1.84M | 4.66M |
| Free Cash Flow | -2.35M | -2.58M | -3.04M | -2.50M | -2.45M | -2.10M |
| Free Cash Flow Margin | -335.24% | -2,002.33% | -7.94% | -2.96% | -0.83% | |
| Free Cash Flow Per Share | -0.46 | -17.39 | ||||
| Levered Free Cash Flow | 10.58M | 9.94M | -184.88K | 58.90M | 24.82M | -10.51M |
| Unlevered Free Cash Flow | 10.60M | 9.95M | 28.88K | 59.23M | 25.46M | -10.36M |
| Cash Income Tax Paid | 26.00K | |||||
| Change in Working Capital | -540.00K | -540.00K | 364.00K | 1.75M | 1.79M | -6.03M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 89.65M | 30.30M | 4.49M | 32.67M | 57.83M | 163.44M |
| Enterprise Value | 89.08M | 29.90M | 8.83M | 36.16M | 72.60M | 176.35M |
| Last Close Price | 1.98 | 77.85 | 684.00 | 23,759.96 | 118,747.72 | 461,706.69 |
| PS Ratio | 127.89 | 234.90 | 1.04 | 0.70 | 0.64 | |
| PB Ratio | 2.02 | 1.38 | 0.34 | 0.67 | 1.63 | 4.29 |
| P/TBV Ratio | 3.14 | 10.88 | ||||
| EV/Sales Ratio | 127.07 | 231.82 | 1.15 | 0.88 | 0.69 | |
| Debt / Equity Ratio | 0.01 | 0.07 | 0.08 | 0.06 | 0.27 | 0.28 |
| Net Debt / Equity Ratio | -0.03 | 0.03 | -0.10 | 0.02 | 0.07 | 0.15 |
| Net Debt / EBITDA Ratio | 0.03 | -0.02 | 0.09 | -0.05 | -0.04 | -0.13 |
| Net Debt / FCF Ratio | 0.24 | -0.23 | 0.43 | -0.35 | -1.07 | -2.64 |
| Asset Turnover | 0.03 | 0.00 | 0.51 | 1.28 | 6.29 | |
| Inventory Turnover | 13.14 | 3.74 | 4.28 | |||
| Quick Ratio | 0.07 | 0.10 | 0.26 | 0.23 | 1.28 | 0.83 |
| Current Ratio | 0.17 | 0.11 | 0.33 | 0.28 | 2.13 | 2.01 |
| Return on Equity (ROE) | -288.85% | -307.15% | -131.79% | -126.72% | -230.00% | -885.71% |
| Return on Assets (ROA) | -57.78% | -68.49% | -25.93% | -21.27% | -68.22% | -66.83% |
| Return on Capital Employed (ROCE) | -104.80% | -131.30% | -122.70% | -40.00% | -197.90% | -96.40% |
| Earnings Yield | -464.42% | -177.90% | -912.84% | -163.95% | -146.47% | -120.27% |
| FCF Yield | -2.62% | -8.52% | -67.69% | -7.66% | -4.24% | -1.29% |