Kandi Technologies Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 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
Other Operating Expenses	24.14	24.14	1.44	3.34	-48.4	-14.17
Total Operating Expenses	103.05	108.05	54.42	47.2	14.91	12.73
Operating Income	-66.36	-68.78	-13.05	-27.68	1.34	0.75
Interest Income	10.75	10.05	9.98	6.43	4.21	2.19
Interest Expense	-2.33	-2.2	-1.33	-0.71	-0.41	-3.75
Other Non-Operating Income (Expense)	0.59	4.85	7.87	8.62	24.07	-14.64
Total Non-Operating Income (Expense)	9	12.7	16.52	14.34	27.87	-16.2
Pretax Income	-57.36	-56.08	3.47	-13.34	29.21	-15.44
Provision for Income Taxes	-5.72	-5.13	1.8	-0.49	6.35	-5.05
Net Income	-51.09	-50.5	0.01	-12.12	22.86	-10.39
Minority Interest in Earnings	-0.55	-0.45	1.66	-0.73	-	-
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)	-0.16%	8.03%	5.73%	-0.76%	36.08%	6.92%
EPS (Basic)	-0.60	-0.59	-	-0.16	0.30	-0.19
EPS (Diluted)	-0.60	-0.59	-	-0.16	0.30	-0.19
Shares Outstanding	85.48	85.48	87.35	74.18	76.71	75.38
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%	17.53%
Operating Margin	-63.79%	-53.92%	-10.56%	-23.49%	1.46%	0.98%
Profit Margin	-49.63%	-39.94%	1.35%	-10.91%	24.99%	-13.51%
FCF Margin	-	-14.70%	-92.56%	23.48%	-18.08%	-85.53%
EBITDA	-66.36	-56.76	-1.14	-15.25	11.38	8.98
EBITDA Margin	-63.79%	-44.49%	-0.92%	-12.95%	12.43%	11.67%
EBIT	-66.36	-68.78	-13.05	-27.68	1.34	0.75
EBIT Margin	-63.79%	-53.92%	-10.56%	-23.49%	1.46%	0.98%
Effective Tax Rate	9.98%	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