Company Analysis

Kaixin Holdings (KXIN)

Nasdaq: KXIN · Retail-Auto Dealers & Gasoline Stations · Chaoyang District, Beijing, CN · filing with the SEC since 2017
Grade2.3
◀ Past 1.4● Present 2.3▶ Future 3.2
2 est.

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017
Report filedApr 7, 2026Mar 31, 2025Apr 29, 2024May 16, 2023Apr 29, 2022May 14, 2021Jul 10, 2020Mar 25, 2019Apr 16, 2018
Revenue129,000·31,535,00082,840,000253,840,0001,207,000r45,848,000r431,404,000116,586,000
For lenders
Provision for credit losses······2,158,00011,074,00012,717,000
Cost of revenue··31,193,00082,194,000248,583,0001,207,000r45,662,000r413,971,000113,058,000
Gross profit129,000·342,000646,0005,257,0001,000,000186,000r17,433,0003,528,000
Research and development·····757,0003,357,0004,419,0003,982,000
Sales and marketing91,000963,0003,313,0002,097,000481,00011,000r195,000r24,077,00010,698,000
General and administrative31,630,00018,178,00018,013,00046,488,00043,734,000265,000r127,000r23,012,00014,971,000
Total operating expenses31,721,00019,141,00021,326,00048,585,000187,870,000276,000r322,000r51,508,00029,651,000
Operating income-31,592,000-19,141,000-20,984,000-47,939,000-182,613,000-276,000r-136,000r-34,075,000r-26,123,000r
Interest expense7,000342,000525,0001,034,000245,0001,000r3,000r4,261,0003,068,000
Interest and investment income·····5,00069,000575,000r902,000r
Share of profit of equity-method investments-41,000········
Other income (expense), net110,000392,000-9,000728,000-4,00025,000r61,000r-812,000387,000
Total non-operating income (expense)-25,049,000-22,770,000-32,798,000-36,606,000-14,044,000····
Income before income taxes-56,641,000-41,911,000-53,782,000-84,545,000-196,657,000-166,000r-110,000r-88,076,000-29,382,000
Income tax expense-2,733,000-931,000-228,00074,000-729,0000r0r862,0001,158,000
Income from continuing operations·····-5,303,000-46,116,000-88,621,000-30,464,000
Income from discontinued operations·······-594,0001,845,000
Net income including non-controlling interests-53,908,000-40,980,000-53,554,000-84,619,000-195,928,000-166,000r-110,000r-89,532,000-28,695,000
Net income to non-controlling interests-1,000-8,0009,00087,000651,000-17,000-22,952,000-317,000-76,000
Net income-53,907,000-40,972,000-53,563,000-84,706,000-196,579,000-166,000r-110,000r-89,215,000r-28,619,000r
Earnings per share, basic-24.20-781.64r-4,213.21r-11,425.80rb-46,386.00rb-3.96b-2.70b··
Earnings per share, diluted-24.20-781.64r-4,213.21r-11,425.80rb-46,386.00rb-3.96b-2.70b··
Earnings per share, basic and diluted·····-234.00b-2,502.00b-6,444.00rb-2,070.00rb
Weighted average shares, basic2,227,76552,418r12,713r7,414rb4,238rb41,131rb41,131rb13,880b13,880b
Weighted average shares, diluted2,227,76552,418r12,713r7,414rb4,238rb41,131b41,131b··
Weighted average shares, basic and diluted·····23,175b18,415b13,880rb13,880rb
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-30 reverse split of Dec 2025.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton KXIN · research, not advice