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KXIN Financials Kaixin Holdings

9 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 36.1% per year over the past 5 years.
  • Operating margin has contracted, at -24489.9% in the latest year.

Financial health

  • Operating income covered interest expense -4513.1× in the latest year.
Revenue & net income
-$197M $117M $431M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-41788% -20844% 100% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$74M -$37M $92000 $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $9M $17M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$139M $12M $162M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $129000 -$54M 100.0% -24489.9% $859000
2024 -$41M -$3M $2M
2023 $32M -$54M 1.1% -66.5% -$3M $2M
2022 $83M -$85M 0.8% -57.9% -$2M $7M
2021 $254M -$197M 2.1% -71.9% $5M
2020 $1M -$166000 82.9% -22.9% $607000
2019 $46M -$110000 0.4% -0.3% $92000 $3M
2018 $431M -$89M 4.0% -7.9% -$11M $8M
2017 $117M -$29M 3.0% -22.4% -$74M $17M

Valuation over time

How the market has priced KXIN 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.

Price / sales (P/S)
0.0 50.9 101.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is KXIN growing its revenue and profit?

Over the past 5 years, Kaixin Holdings's revenue has declined 36.1% per year. These are computed facts, not advice.

How much debt does KXIN have?

As of FY2025, Kaixin Holdings reported — of total debt against $859000 of cash; operating income covered interest expense -4513.1×.

What is KXIN's profit margin?

In FY2025, gross margin was 100.0%, operating margin -24489.9%, and net margin -41788.4%.

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.