4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 9.5% per year over the past 3 years.
Operating margin has contracted, at -65.4% in the latest year.
Financial health
Total debt ($37M) exceeds cash ($36M); net debt is $1M.
Total debt has grown faster than revenue (45.3% vs -9.5% per year).
Operating income covered interest expense -30.3× in the latest year, up from -39.1× 3 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$87M
-$94M
42.6%
-65.4%
—
$37M
$36M
2024
$128M
-$50M
30.8%
-53.9%
—
$44M
$37M
2023
$124M
$7132
33.5%
-10.6%
—
$17M
$34M
2022
$118M
-$12M
16.6%
-23.5%
—
—
$84M
Valuation over time
How the market has priced KNDI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 31770.4× (Jan '24) to 14419.8× (Nov '24).
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 0.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is KNDI growing its revenue and profit?
Over the past 3 years, Kandi Technologies Group, Inc.'s revenue has declined 9.5% per year. These are computed facts, not advice.
How much debt does KNDI have?
As of FY2025, Kandi Technologies Group, Inc. reported $37M of total debt against $36M of cash; operating income covered interest expense -30.3×.
What is KNDI's profit margin?
In FY2025, gross margin was 42.6%, operating margin -65.4%, and net margin -107.4%.
What is KNDI's P/E ratio?
As of Jun '26, Kandi Technologies Group, Inc. traded at a price-to-earnings ratio of about 14419.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.