Kaival Brands Innovations Group, Inc. (KAVL)

KAVL Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Operating Revenue	0.48	6.89	13.09	12.76	58.78
Revenue	0.48	6.89	13.09	12.76	58.78
Revenue Growth (YoY)	-92.96%	-47.38%	2.55%	-78.29%	-8.61%
Cost of Revenue	-	4.28	10.51	11.52	46.84
Gross Profit	0.48	2.61	2.57	1.24	11.93
Selling, General & Admin	7.29	8.31	13.24	15.63	22.4
Operating Expenses	7.29	8.31	13.24	15.63	22.4
Operating Income	-6.8	-5.71	-10.66	-14.39	-10.47
Interest Expense	-0.01	-0.73	-0.47	-	-
Interest & Investment Income	-	-	-	0	0
EBT Excluding Unusual Items	-6.81	-6.44	-11.13	-14.39	-10.47
Gain (Loss) on Sale of Assets	-0	-	-	-	-
Asset Writedown	-9.9	-	-	-	-
Other Unusual Items	0.06	-0.24	-	-	-
Pretax Income	-16.65	-6.68	-11.13	-14.39	-10.47
Income Tax Expense	-0.02	0.02	0	-0.02	-1.44
Net Income	-16.63	-6.7	-11.13	-14.37	-9.03
Preferred Dividends & Other Adjustments	0.02	0.27	0.11	-	-
Net Income to Common	-16.65	-6.97	-11.25	-14.37	-9.03
Shares Outstanding (Basic)	11	4	3	2	1
Shares Outstanding (Diluted)	11	4	3	2	1
Shares Change (YoY)	155.75%	58.54%	43.90%	65.46%	-44.21%
EPS (Basic)	-1.51	-1.62	-4.13	-7.60	-7.90
EPS (Diluted)	-1.51	-1.62	-4.13	-7.60	-7.90
Free Cash Flow	-2.77	-0.67	-2.98	-5.71	-9.31
Free Cash Flow Per Share	-0.25	-0.16	-1.09	-3.02	-8.15
Gross Margin	100.00%	37.83%	19.67%	9.72%	20.30%
Operating Margin	-1403.52%	-82.90%	-81.48%	-112.75%	-17.81%
Profit Margin	-3435.88%	-101.20%	-85.93%	-112.61%	-15.37%
Free Cash Flow Margin	-572.11%	-9.77%	-22.75%	-44.71%	-15.85%
EBITDA	-6.02	-4.92	-10.34	-	-
EBITDA Margin	-	-71.47%	-78.98%	-	-
D&A For EBITDA	0.79	0.79	0.33	-	-
EBIT	-6.8	-5.71	-10.66	-14.39	-10.47
EBIT Margin	-	-82.90%	-81.48%	-112.75%	-17.81%
Revenue as Reported	0.48	6.89	13.09	12.76	58.78
Advertising Expenses	-	0.69	2.45	2.68	3.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.