Kandi Technologies Group, Inc. (KNDI)

Kandi Technologies Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	104.04	127.57	123.6	117.81	91.49	76.92
Revenue Growth (YoY)	-16.51%	3.21%	4.91%	28.78%	18.94%	-43.33%
Cost of Revenue	67.35	88.3	82.23	98.3	75.24	63.43
Gross Profit	36.69	39.27	41.37	19.52	16.25	13.49
Selling, General & Admin	73.1	78.92	48.72	37.83	24.34	19.66
Research & Development	5.81	5	4.27	6.03	38.97	7.25
Operating Expenses	78.92	83.92	52.98	43.86	63.31	26.91
Operating Income	-42.23	-44.65	-11.61	-24.34	-47.07	-13.42
Interest Expense	-2.33	-2.2	-1.33	-0.71	-0.41	-3.75
Interest & Investment Income	10.75	10.05	9.98	6.43	4.21	2.19
Earnings From Equity Investments	-	-	-	-	-2.59	-17.25
Other Non Operating Income (Expenses)	-1.17	2.16	6.06	4.42	6.04	3.18
EBT Excluding Unusual Items	-34.98	-34.64	3.11	-14.2	-39.81	-29.05
Impairment of Goodwill	-	-	-0.5	-0.64	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	17.79	-
Gain (Loss) on Sale of Assets	-	-	-	-	48.4	14.17
Asset Writedown	-24.14	-24.14	-0.94	-2.7	-	-
Other Unusual Items	1.76	2.69	1.8	4.2	2.83	-0.57
Pretax Income	-57.36	-56.08	3.47	-13.34	29.21	-15.44
Income Tax Expense	-5.73	-5.13	1.8	-0.49	6.35	-5.05
Earnings From Continuing Operations	-51.63	-50.95	1.67	-12.85	22.86	-10.39
Minority Interest in Earnings	0.55	0.45	-1.66	0.73	-	-
Net Income	-51.09	-50.5	0.01	-12.12	22.86	-10.39
Net Income to Common	-51.09	-50.5	0.01	-12.12	22.86	-10.39
Shares Outstanding (Basic)	85	86	79	76	76	56
Shares Outstanding (Diluted)	85	86	80	76	76	56
Shares Change (YoY)	0.49%	8.03%	5.73%	-0.76%	36.08%	6.92%
EPS (Basic)	-0.60	-0.59	0.00	-0.16	0.30	-0.19
EPS (Diluted)	-0.60	-0.59	0.00	-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	35.27%	30.78%	33.47%	16.57%	17.76%	17.54%
Operating Margin	-40.59%	-35.00%	-9.40%	-20.66%	-51.44%	-17.45%
Profit Margin	-49.10%	-39.58%	0.01%	-10.29%	24.99%	-13.51%
Free Cash Flow Margin	-	-14.70%	-92.56%	23.48%	-18.08%	-85.52%
EBITDA	-30.34	-32.82	0.1	-12.12	-37.2	-5.28
EBITDA Margin	-29.17%	-25.73%	0.08%	-10.29%	-40.66%	-6.87%
D&A For EBITDA	11.88	11.83	11.72	12.22	9.87	8.14
EBIT	-42.23	-44.65	-11.61	-24.34	-47.07	-13.42
EBIT Margin	-40.59%	-35.00%	-9.40%	-20.66%	-51.44%	-17.45%
Effective Tax Rate	-	-	51.92%	-	21.73%	-
Revenue as Reported	-	-	-	-	91.49	76.92

Updated Aug 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q