Kandi Technologies Group, Inc. (KNDI) — Financial statements
Income statement, balance sheet, and cash flow for Kandi Technologies Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 87↓31.5% | 128↑3.2% | 124↑4.9% | 118↑28.8% | 91 | |
| Cost of Revenue | 50↓43.2% | 88↑7.4% | 82↓16.3% | 98↑30.6% | 75 | |
| Gross Profit | 37↓5.0% | 39↓5.1% | 41↑112.0% | 20↑20.1% | 16 | |
| Operating Expenses | ||||||
| R&D Expenses | 8↑52.6% | 5↑17.1% | 4↓29.3% | 6↓84.5% | 39 | |
| General & Administrative Expenses | 0.00↓100.0% | 58↑63.0% | 35↑9.5% | 32↑64.9% | 20 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 21↑59.3% | 13↑142.4% | 6↑16.2% | 5 | |
| SG&A Expenses | 71↓10.0% | 79↑62.0% | 49↑28.8% | 38↑55.4% | 24 | |
| Other Expenses | 0.00↓100.0% | 24↑1576.6% | 1↓56.9% | 3↑106.9% | -48 | |
| Operating Expenses | 79↓27.2% | 108↑98.5% | 54↑15.3% | 47↑216.5% | 15 | |
| Total Costs & Expenses | 129↓34.4% | 196↑43.7% | 137↓6.1% | 145↑61.4% | 90 | |
| Operating Results | ||||||
| Operating Income | -41↑39.8% | -69↓427.0% | -13↑52.8% | -28↓2171.5% | 1 | |
| Depreciation & Amortization | 6↓51.8% | 12↑0.9% | 12↓4.1% | 12↑23.8% | 10 | |
| EBITDA | -36↓8.8% | -33↓32074.3% | 0.10↑100.8% | -12↑67.4% | -37 | |
| EBIT | -41↑7.3% | -45↓284.5% | -12↑52.3% | -24↑48.3% | -47 | |
| Interest & Other Income | ||||||
| Net Interest Income | 7↓13.3% | 8↓9.3% | 9↑51.3% | 6↑50.5% | 4 | |
| Interest Income | 9↓13.5% | 10↑0.6% | 10↑55.3% | 6↑52.7% | 4 | |
| Interest Expense | 2↓14.1% | 2↑65.5% | 1↑87.6% | 0.71↑73.6% | 0.41 | |
| Non-Operating Income | 0.00↑100.0% | -24↓1576.6% | -1↑56.9% | -3↓106.9% | 48 | |
| Other Income / Expenses | -50↓495.5% | 13↓23.1% | 17↑15.2% | 14↓48.6% | 28 | |
| Income Before Tax | -92↓63.4% | -56↓1714.9% | 3↑126.0% | -13↓145.7% | 29 | |
| Income Tax Expense | 4↓23.2% | 5↑184.5% | 2↑269.8% | 0.49↓92.3% | 6 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -96↓87.6% | -51↓3151.3% | 2↑113.0% | -13↓156.2% | 23 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -94↓85.9% | -50↓708115.5% | 0.01↑100.1% | -12↓153.0% | 23 | |
| Bottom-Line Net Income | -94↓85.9% | -50↓708115.5% | 0.01↑100.1% | -12↓153.0% | 23 | |
| EPS (Basic) | -1.12↓89.8% | -0.59↓590100.0% | 0.00↑100.1% | -0.16↓153.3% | 0.30 | |
| EPS (Diluted) | -1.12↓89.8% | -0.59↓590100.0% | 0.00↑100.1% | -0.16↓153.3% | 0.30 | |
| Weighted Average Shares | 84↑1.7% | 82↑4.4% | 79↑4.2% | 76↓0.8% | 76 | |
| Weighted Average Diluted Shares | 84↓2.9% | 86↑7.7% | 80↑5.7% | 76↓0.8% | 76 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.