Kandi Technologies Group, Inc. income statement

In fiscal 2025, Kandi Technologies Group, Inc. reported revenue of $87.4m, down 31.5% on the year before, operating income of −$57.2m (a -65.4% margin) and net income of −$93.9m, or −$1.14 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.

Kandi Technologies Group, Inc.: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	118	124	128	87
Cost of revenue	98	82	88	50
Gross profit	20	41	39	37
Research and development	6	4	5	8
Selling and marketing	6	13	21	17
General and administrative	32	35	58	54
Operating income	−28	−13	−69	−57
Interest expense	1	1	2	2
Income before tax	−13	3	−56	−92
Income tax	−0	2	−5	4
Net income	−12	0	−50	−94
Diluted EPS	−$0.17	$0.02	−$0.59	−$1.14
Diluted shares (average)	76m	80m	86m	84m
EBITDA	−15	−1	−57	−51

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.

Compare with peers

Head to head: KNDI vs XOS GGR vs KNDI EZGO vs KNDI FLYE vs KNDI

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Kandi Technologies Group, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Kandi Technologies Group, Inc.