Kandi Technologies Group, Inc. (KNDI)

Kandi Technologies Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	127.57	123.6	117.81	91.49	76.92
Revenue Growth (YoY)	3.21%	4.91%	28.78%	18.94%	-43.33%
Cost of Revenue	88.3	82.23	98.3	75.24	63.43
Gross Profit	39.27	41.37	19.52	16.25	13.49
Selling, General & Admin	78.92	48.72	37.83	24.34	19.66
Research & Development	5	4.27	6.03	38.97	7.25
Total Operating Expenses	83.92	52.98	43.86	63.31	26.91
Operating Income	-68.78	-13.05	-27.68	1.34	0.75
Interest Income	10.05	9.98	6.43	1.62	-15.06
Interest Expense	-2.2	-1.33	-0.71	-0.41	-3.75
Other Non-Operating Income (Expense)	4.85	7.87	8.62	26.67	2.62
Total Non-Operating Income (Expense)	12.7	16.52	14.34	27.87	-16.2
Pretax Income	-56.08	3.47	-13.34	29.21	-15.44
Provision for Income Taxes	-5.13	1.8	-0.49	6.35	-5.05
Net Income	-50.95	1.67	-12.85	22.86	-10.39
Minority Interest in Earnings	0.45	-1.66	0.73	-	-
Net Income to Common	-50.95	1.67	-12.85	22.86	-10.39
Shares Outstanding (Basic)	86	79	76	76	56
Shares Outstanding (Diluted)	86	80	76	76	56
Shares Change (YoY)	8.03%	5.73%	-0.76%	36.08%	6.92%
EPS (Basic)	-0.59	-	-0.16	0.30	-0.19
EPS (Diluted)	-0.59	-	-0.16	0.30	-0.19
Free Cash Flow	-18.76	-114.41	27.66	-16.54	-65.79
Free Cash Flow Per Share	-0.22	-1.43	0.37	-0.22	-1.18
Gross Margin	30.78%	33.47%	16.57%	17.76%	17.53%
Operating Margin	-53.92%	-10.56%	-23.49%	1.46%	0.98%
Profit Margin	-39.94%	1.35%	-10.91%	24.99%	-13.51%
FCF Margin	-14.70%	-92.56%	23.48%	-18.08%	-85.53%
EBITDA	-56.76	-1.14	-15.25	11.38	8.98
EBITDA Margin	-44.49%	-0.92%	-12.95%	12.43%	11.67%
EBIT	-68.78	-13.05	-27.68	1.34	0.75
EBIT Margin	-53.92%	-10.56%	-23.49%	1.46%	0.98%
Effective Tax Rate	9.15%	51.92%	3.65%	21.73%	32.69%

Updated Aug 19, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q