Xiao-i Corp income statement

In fiscal 2025, Xiao-i Corp reported revenue of $12.3m, up 17054.9% on the year before, operating income of −$96.6m (a -783.6% margin) and net income of −$101m, or −$7.32 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xiao-i Corp: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	14	33	48	59	0	12
Cost of revenue	7	11	17	20	22	7
Gross profit	7	22	31	39	48	5
Research and development	4	5	24	52	35	24
General and administrative	6	7	6	4	23	77
Operating income	−8	5	−3	−22	−13	−97
Interest expense	—	1	1	1	0	0
Income before tax	−7	4	−5	−23	−15	−102
Income tax	−0	1	1	4	—	—
Net income	−7	4	−6	−26	−15	−101
Diluted EPS	−$0.93	$0.48	−$0.81	−$3.36	−$1.68	−$7.32
Diluted shares (average)	7m	7m	7m	8m	9m	14m
EBITDA	−8	5	−3	−21	−12	−96

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Xiao-i Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Xiao-i Corp.