Earnings ·
Kaixin Holdings reported unaudited consolidated results for the six months ended June 30, 2026
KXINKaixin Holdings
Kaixin Holdings reported unaudited consolidated results for the six months ended June 30, 2026. Total revenue increased 602% year-over-year to US$667,000 from US$95,000 in the prior period, driven by its car sales business. Gross profit decreased 76% to US$23,000 from US$95,000. Loss from operations narrowed significantly to US$2.0 million from US$8.7 million, primarily due to a US$5.1 million reduction in share-based compensation expenses within general and administrative costs. Net loss attributable to the Company was US$1.9 million, down 77% from US$8.4 million. The company also disclosed that total ordinary shares outstanding were 45,278,552 as of the filing date. Kaixin Holdings operates in the automotive industry, primarily engaged in the sales of domestic and used automobiles in China.