Kandi Technologies Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	87.44	127.57	123.6	117.81	91.49
Revenue Growth (YoY)	-31.46%	3.21%	4.91%	28.78%	18.94%
Cost of Revenue	50.15	88.3	82.23	98.3	75.24
Gross Profit	37.29	39.27	41.37	19.52	16.25
Selling, General & Admin	71.07	78.92	48.72	37.83	24.34
Research & Development	7.62	5	4.27	6.03	38.97
Other Operating Expenses	15.78	24.14	1.44	3.34	-48.4
Total Operating Expenses	94.47	108.05	54.42	47.2	14.91
Operating Income	-57.18	-68.78	-13.05	-27.68	1.34
Interest Income	8.69	10.05	9.98	6.43	4.21
Interest Expense	-1.89	-2.2	-1.33	-0.71	-0.41
Other Non-Operating Income (Expense)	-41.26	4.85	7.87	8.62	24.07
Total Non-Operating Income (Expense)	-34.46	12.7	16.52	14.34	27.87
Pretax Income	-91.63	-56.08	3.47	-13.34	29.21
Provision for Income Taxes	3.94	-5.13	1.8	-0.49	6.35
Net Income	-93.88	-50.5	0.01	-12.12	22.86
Minority Interest in Earnings	-1.69	-0.45	1.66	-0.73	-
Net Income to Common	-93.88	-50.5	0.01	-12.12	22.86
Shares Outstanding (Basic)	84	86	79	76	76
Shares Outstanding (Diluted)	84	86	80	76	76
Shares Change (YoY)	-3.14%	8.03%	5.73%	-0.76%	36.08%
EPS (Basic)	-1.12	-0.59	-	-0.16	0.30
EPS (Diluted)	-1.12	-0.59	-	-0.16	0.30
Shares Outstanding	82.71	85.48	87.53	77.67	76.71
Free Cash Flow	96.34	-18.76	-114.41	27.66	-16.54
Free Cash Flow Per Share	1.15	-0.22	-1.43	0.37	-0.22
Gross Margin	42.65%	30.78%	33.47%	16.57%	17.76%
Operating Margin	-65.39%	-53.92%	-10.56%	-23.49%	1.46%
Profit Margin	-109.30%	-39.94%	1.35%	-10.91%	24.99%
FCF Margin	110.17%	-14.70%	-92.56%	23.48%	-18.08%
EBITDA	-51.47	-56.76	-1.14	-15.25	11.38
EBITDA Margin	-58.87%	-44.49%	-0.92%	-12.95%	12.43%
EBIT	-57.18	-68.78	-13.05	-27.68	1.34
EBIT Margin	-65.39%	-53.92%	-10.56%	-23.49%	1.46%
Effective Tax Rate	-4.30%	9.15%	51.92%	3.65%	21.73%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q