Kandi Technologies Group, Inc. (KNDI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	87.4M	87.4M	127.6M	123.6M	117.8M
Cost of Revenue	50.1M	50.1M	88.3M	82.2M	98.3M
Gross Profit	37.3M	37.3M	39.3M	41.4M	19.5M
Operating Expenses
R&D Expense	7.6M	7.6M	5.0M	4.3M	6.0M
SG&A Expense	71.1M	71.1M	78.9M	48.7M	37.8M
General & Admin Expense	54.4M	54.4M	57.7M	35.4M	32.3M
Selling & Marketing Expense	16.7M	16.7M	21.2M	13.3M	5.5M
Other Expenses	15.8M	—	24.1M	1.4M	3.3M
Total Operating Expenses	94.5M	78.7M	108.1M	54.4M	47.2M
Cost and Expenses	144.6M	128.8M	196.4M	136.7M	145.5M
Operating Income (EBIT)	(57.2M)	(41.4M)	(68.8M)	(13.1M)	(27.7M)
Non-Operating
Interest Income	8.4M	8.7M	10.0M	10.0M	6.4M
Interest Expense	—	1.9M	2.2M	1.3M	707.5K
Net Interest Income	8.4M	6.8M	7.9M	8.7M	5.7M
Other Non-Op Income/Expense	(34.5M)	(50.2M)	12.7M	16.5M	14.3M
Non-Operating Income (excl Interest)	(15.8M)	—	(24.1M)	(1.4M)	(3.3M)
EBT (Pre-Tax Income)	(91.6M)	(91.6M)	(56.1M)	3.5M	(13.3M)
Income Tax Expense	3.9M	3.9M	(5.1M)	1.8M	(487.5K)
Bottom Line
Net Income	(93.9M)	(93.9M)	(50.5M)	7.1K	(12.1M)
Earnings from Cont. Ops	(95.6M)	(95.6M)	(51.0M)	1.7M	(12.9M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(93.9M)	(93.9M)	(50.5M)	7.1K	(12.1M)
Per Share
Basic EPS	($1.14)	($1.12)	($0.59)	$0.00	($0.16)
Diluted EPS	($1.14)	($1.12)	($0.59)	$0.00	($0.16)
Revenue Per Share	$1.06	$1.05	$1.55	$1.57	$1.56
Shares
Basic Shares Outstanding	82.4M	83.6M	82.2M	78.8M	75.6M
Diluted Shares Outstanding	82.4M	83.6M	86.1M	79.9M	75.6M
Profitability Metrics
EBITDA	(31.2M)	(35.7M)	(32.8M)	102.6K	(12.1M)
D&A	10.2M	5.7M	11.8M	11.7M	12.2M
EBIT	(41.4M)	(41.4M)	(44.6M)	(11.6M)	(24.3M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025