Financial Statements — KXIN
Balance Sheet
(in millions USD)| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.86 | 2.39 | 2.09 | 7.10 | 5.26 | 3.16 | 3.19 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | 0.22 |
| Inventory | 0.07 | 0.03 | 0.07 | 0.03 | 0.40 | -- | 20.99 |
| Total Current Assets | 1.02 | 2.97 | 4.20 | 42.30 | 58.94 | 46.79 | 51.99 |
| Property, Plant & Equipment | 0.24 | 0.31 | 0.40 | 0.05 | 0.02 | 0.05 | 0.15 |
| Goodwill | 21.24 | 0.00 | 38.20 | -- | 143.66 | 0.00 | 75.02 |
| Intangible Assets | 10.06 | 20.71 | 24.44 | 12.90 | 14.64 | -- | -- |
| Total Non-current Assets | 31.99 | 21.67 | 63.43 | 13.38 | 15.22 | 1.68 | 2.40 |
| Total Assets | 33.02 | 24.65 | 67.63 | 55.68 | 74.16 | 48.47 | 54.39 |
| Accounts Payable | 0.23 | -- | -- | -- | 0.30 | 0.40 | 4.12 |
| Short-term Debt | -- | -- | -- | 2.00 | 6.28 | 15.26 | 16.63 |
| Total Current Liabilities | 8.96 | 9.05 | 15.12 | 19.87 | 29.38 | 40.94 | 51.05 |
| Total Non-current Liabilities* | 2.13 | 2.42 | 3.50 | 0.31 | 6.70 | 0.03 | 0.81 |
| Total Liabilities | 11.09 | 11.47 | 18.62 | 20.18 | 36.08 | 40.96 | 51.86 |
| Retained Earnings | (431.45) | (377.54) | (336.57) | (283.01) | (198.30) | (197.49) | (192.19) |
| Total Stockholder Equity | 21.93 | 13.17 | 45.58 | 31.32 | 29.66 | (0.05) | (4.57) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 0.13 | -- | 31.54 | 82.84 | 253.84 | 33.16 | 334.70 |
| Cost of Revenue* | 0.00 | -- | 31.19 | 82.19 | 248.58 | 32.16 | 340.17 |
| Gross Profit | 0.13 | -- | 0.34 | 0.65 | 5.26 | 1.00 | (5.48) |
| Research & Development | -- | -- | -- | -- | -- | 0.76 | 3.36 |
| Selling, General & Admin | 31.63 | 18.18 | 18.01 | 46.49 | 43.73 | 6.83 | 36.15 |
| Total Operating Expenses | 31.72 | 19.14 | 21.33 | 48.59 | 187.87 | 7.26 | 127.96 |
| Operating Income | (31.59) | (19.14) | (20.98) | (47.94) | (182.61) | (6.26) | (133.43) |
| Interest Expense | -- | -- | 0.53 | 1.03 | 0.25 | 1.18 | 4.06 |
| Pretax Income | (56.64) | (41.91) | (53.78) | (84.54) | (196.66) | (6.85) | (70.99) |
| Tax Provision | (2.73) | (0.93) | (0.23) | 0.07 | (0.73) | (1.53) | (1.92) |
| Net Income | (53.91) | (40.97) | (53.56) | (84.71) | (196.58) | (5.30) | (46.12) |
| Basic EPS | (24.20) | (26.05) | (2.34) | -0.00 | (1.72) | -- | -- |
| Diluted EPS | (24.20) | (26.05) | (2.34) | -0.00 | (1.72) | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (2.58) | (3.02) | (2.11) | (2.39) | (2.10) | (3.88) | (4.74) |
| Capital Expenditures | -- | 0.02 | 0.40 | 0.06 | -- | -- | 0.07 |
| Free Cash Flow* | -- | (3.04) | (2.50) | (2.45) | -- | -- | (4.81) |
| Investing Cash Flow | -- | (0.03) | (3.13) | (0.16) | 4.27 | -- | 1.22 |
| Financing Cash Flow | 1.04 | 4.51 | 1.01 | 5.41 | 2.00 | 3.92 | (6.33) |
* Derived from reported values