Kaixin Holdings
Income Statement
| Line Item | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $129.0K | $31.5M | $82.8M | $253.8M | $1.2M | $45.8M | $431.4M | $116.6M |
| Cost of Revenue | — | $31.2M | $82.2M | $248.6M | $1.2M | $45.7M | $414.0M | $113.1M |
| Gross Profit | $129.0K | $342.0K | $646.0K | $5.3M | $1.0M | $186.0K | $17.4M | $3.5M |
| Gross Margin | 100.0% | 1.1% | 0.8% | 2.1% | 82.9% | 0.4% | 4.0% | 3.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | $757.0K | $3.4M | $4.4M | $4.0M |
| SG&A Expense | $31.6M | $18.0M | $46.5M | $43.7M | $265.0K | $127.0K | $23.0M | $15.0M |
| Operating Income | $-31.6M | $-21.0M | $-47.9M | $-182.6M | $-276.0K | $-136.0K | $-34.1M | $-26.1M |
| Operating Margin | -24,489.9% | -66.5% | -57.9% | -71.9% | -22.9% | -0.3% | -7.9% | -22.4% |
| Interest Expense | — | $525.0K | $1.0M | $245.0K | $1.0K | $3.0K | $4.3M | $3.1M |
| Pretax Income | $-56.6M | $-53.8M | $-84.5M | $-196.7M | $-166.0K | $-110.0K | $-88.1M | $-29.4M |
| Income Tax Expense | $-2.7M | $-228.0K | $74.0K | $-729.0K | $0 | $0 | $862.0K | $1.2M |
| Net Income | $-53.9M | $-53.6M | $-84.7M | $-196.6M | $-166.0K | $-110.0K | $-89.2M | $-28.6M |
| Net Margin | -41,788.4% | -169.9% | -102.3% | -77.4% | -13.8% | -0.2% | -20.7% | -24.5% |
| EPS (Basic) | $-24.20 | $-4,213.21 | $-8.86 | $-0.60 | $0.00 | $0.00 | $-0.03 | $-0.01 |
| EPS (Diluted) | $-24.20 | $-4,213.21 | $-8.86 | $-0.60 | $0.00 | $0.00 | $-0.03 | $-0.01 |
| Shares Outstanding (Basic) | 2.2M | 12.7K | 9.6M | 328.0M | 3.18B | 3.18B | 3.22B | 3.22B |
| Shares Outstanding (Diluted) | 2.2M | 12.7K | 9.6M | 328.0M | 3.18B | 3.18B | 3.22B | 3.22B |
| Dividends Per Share | — | — | — | — | — | — | — | — |