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Monday 2 November 2026
Export KNDI’s income statement to Excel — free account
Kandi Technologies Group, Inc.
KNDI Consumer Cyclical Recreational Vehicles
Kandi Technologies Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $87.4 million, down 31.5% from fiscal 2024.
3.33
0.20
−5.67%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.35 | 0.00 | 94.00 | 0.00 | 0.00 |
Piotroski F-Score |
0 | 3 | 6 | 4 | 2 | 6 | 5 | 5 | 3 | 5 |
Altman Z-Score |
1.05 | 1.08 | 0.77 | 1.49 | 3.16 | 2.72 | 1.85 | 2.25 | 0.67 | 0.01 |
P/S ratio |
1.76 | 3.36 | 1.65 | 1.82 | 5.02 | 2.67 | 1.49 | 1.80 | 0.77 | 0.51 |
P/FCF ratio |
0.00 | 0.00 | 14.89 | 0.00 | 0.00 | 216.57 | 7.99 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
2.17 | 1.46 | 1.11 | 2.49 | 7.42 | 9.55 | 7.77 | 8.05 | 4.67 | 2.75 |
Beneish M-Score |
(1.39) | (2.59) | (2.60) | (2.43) | (2.34) | (2.36) | (3.16) | (2.28) | 2.07 | (5.74) |
P/Operating CF |
(8.44) | (137.21) | 12.88 | (16.21) | (10.29) | 12.42 | 9.65 | (1.74) | (0.81) | (0.53) |
P/B ratio |
0.98 | 1.55 | 0.82 | 1.14 | 0.96 | 0.55 | 0.44 | 0.55 | 0.25 | 0.17 |
Price to Tangible BV |
0.98 | 1.55 | 0.96 | 1.33 | 1.04 | 0.62 | 0.49 | 0.60 | 0.28 | 0.18 |
EV/Sales |
2.02 | 3.82 | 1.98 | 2.10 | 3.33 | 0.26 | (0.41) | 0.91 | (0.93) | (1.07) |
EV/EBITDA |
0.00 | 0.00 | 82.89 | 31.29 | 28.50 | 2.10 | 3.17 | 0.00 | 9.75 | 11.31 |
EV/Operating CF |
(5.27) | (122.22) | 16.40 | (9.54) | (5.03) | 98.80 | (1.54) | (1.11) | 1.22 | 1.42 |
EV/FCF |
(4.82) | (77.28) | 17.85 | (9.32) | (15.52) | 21.16 | (2.20) | (0.93) | 1.03 | 1.20 |
Quick Ratio |
1.18 | 1.08 | 0.75 | 0.86 | 2.45 | 4.45 | 3.46 | 2.00 | 2.47 | 2.08 |
Current Ratio |
1.49 | 1.29 | 1.02 | 1.48 | 3.67 | 5.34 | 4.04 | 4.48 | 2.95 | 2.34 |
Net Debt/EBITDA |
(1.28) | (2.24) | 13.76 | 4.13 | (15.86) | (19.39) | 14.86 | 96.72 | 1.46 | 3.52 |
Debt/Assets |
14.34% | 14.55% | 13.84% | 14.58% | 0.03% | 0.61% | 1.15% | 3.52% | 9.12% | 7.69% |
Debt/Equity |
0.27 | 0.29 | 0.26 | 0.25 | 0.00 | 0.01 | 0.01 | 0.04 | 0.12 | 0.11 |
Asset Turnover |
0.32 | 0.23 | 0.26 | 0.34 | 0.18 | 0.18 | 0.23 | 0.25 | 0.26 | 0.20 |
Operating CF/Net income |
7.61 | 0.11 | (2.39) | 4.16 | 4.90 | 0.01 | (2.60) | (14,247.97) | 0.35 | (1.03) |
Capex/Depreciation |
(1.29) | (0.39) | (0.26) | (0.07) | 4.18 | 0.41 | (0.31) | (1.11) | (0.08) | (0.08) |
Interest Coverage |
(16.93) | (11.44) | (0.88) | 0.19 | 0.20 | 3.28 | (39.12) | (9.83) | (31.33) | (30.31) |
| (2.76%) | (12.45%) | (2.54%) | (3.24%) | (3.34%) | 5.40% | (2.88%) | 0.00% | (13.41%) | (30.45%) | |
| (1.61%) | (6.46%) | (1.31%) | (1.80%) | (2.40%) | 4.50% | (2.42%) | 0.00% | (10.42%) | (21.49%) | |
ROIC |
(7.29%) | (6.02%) | (0.39%) | 0.22% | 0.18% | 0.38% | (10.11%) | (2.75%) | (16.31%) | (40.21%) |
Return on Tangible Assets |
(6.41%) | (43.14%) | (6.73%) | (5.21%) | (3.60%) | 5.86% | (3.51%) | 0.00% | (16.96%) | (40.60%) |
Average Days of Receivables |
505.92 | 651.99 | 330.98 | 262.27 | 299.19 | 246.55 | 155.10 | 75.09 | 489.79 | 230.77 |
Research and Development Expense of Revenue |
20.47% | 26.87% | 8.97% | 4.57% | 9.42% | 42.60% | 5.12% | 3.45% | 3.92% | 8.72% |
Selling, General and Administrative Expense of Revenue |
17.17% | 12.45% | 10.50% | 13.49% | 25.56% | 26.61% | 32.11% | 39.42% | 61.87% | 81.28% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.08 | 0.09 | 0.07 | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 |
Share Based Compensation of Revenue |
11.52% | 5.05% | 0.25% | 1.00% | 1.17% | 1.62% | 1.64% | 8.95% | 5.58% | 8.14% |
Graham Net Nets |
0.25 | 0.07 | (0.19) | 0.17 | 0.56 | 1.09 | 1.39 | 1.15 | 2.56 | 3.49 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 63.71 | 0.00 | 18.67 | — | — |
Earnings Yield |
(2.88%) | (8.19%) | (3.03%) | (2.96%) | (2.61%) | 9.66% | (7.30%) | 1.06% | (5.83%) | (8.88%) |
Free Cash Flow Yield |
(23.80%) | (1.47%) | 6.72% | (12.36%) | (4.27%) | 0.46% | 12.51% | (54.07%) | (116.23%) | (177.00%) |
Revenue per Share |
27.29 | 21.44 | 21.97 | 25.94 | 13.75 | 12.01 | 15.59 | 15.70 | 14.78 | 10.46 |
Operating CF per Share |
(10.44) | (0.67) | 2.65 | (5.71) | (9.09) | 0.03 | 4.17 | (12.85) | (2.06) | 11.58 |
Capex per Share |
(1.32) | (0.39) | (0.22) | (0.11) | 6.15 | 0.55 | (0.51) | (1.68) | (0.11) | (0.06) |
Free Cash Flow per Share |
(11.76) | (1.06) | 2.44 | (5.82) | (2.95) | 0.58 | 3.66 | (14.53) | (2.17) | 11.52 |
Cash per Share |
6.25 | 3.36 | 4.37 | 3.16 | 25.47 | 29.38 | 30.73 | 16.21 | 14.63 | 25.35 |
Shareholders Equity per Share |
48.97 | 46.51 | 44.08 | 41.63 | 72.15 | 58.20 | 52.62 | 51.64 | 40.16 | 32.30 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
48.97 | 46.51 | 44.08 | 41.63 | 72.15 | 58.20 | 52.62 | 51.64 | 40.16 | 32.30 |
Free Cash Flow |
(55.81) | (5.09) | 12.48 | (30.48) | (16.49) | 4.41 | 27.66 | (114.41) | (18.76) | 96.34 |
Working Capital |
86.35 | 53.71 | 2.53 | 63.70 | 223.32 | 278.45 | 247.82 | 266.87 | 234.25 | 172.66 |
Capital Expenditures |
(6.28) | (1.88) | (1.11) | (0.60) | 34.40 | 4.16 | (3.82) | (13.25) | (0.93) | (0.47) |
Net Current Asset Value |
56.68 | 22.97 | (35.86) | 42.21 | 215.63 | 265.65 | 244.03 | 254.60 | 227.38 | 171.48 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 313.50 | 339.21 | 17.87 | 1.75 | 0.00 | 6.67 | 7.73 |
Capex to Sales |
0.05 | 0.02 | 0.01 | 0.00 | (0.45) | (0.05) | 0.03 | 0.11 | 0.01 | 0.01 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 272.16 | 511.83 | 182.92 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.32 | 0.40 | 0.05 | 0.11 | 0.13 | 0.09 | 0.13 | 0.12 | 0.19 | 0.10 |
Cash ROIC |
(17.17%) | (1.68%) | 4.06% | (10.57%) | (3.02%) | 0.66% | 4.35% | (20.74%) | (3.63%) | 18.79% |
Accounts Receivable Turnover |
0.85 | 0.57 | 0.79 | 1.36 | 0.96 | 1.47 | 2.11 | 3.27 | 1.30 | 0.77 |
Accounts Payable Turnover |
1.18 | 0.78 | 0.82 | 1.20 | 1.19 | 2.12 | 2.73 | 2.57 | 3.26 | 2.11 |
Inventory Turnover |
7.53 | 6.34 | 4.86 | 4.44 | 2.67 | 2.85 | 2.67 | 1.61 | 1.57 | 1.29 |
Average Days of Payables |
378.39 | 460.45 | 444.65 | 238.55 | 197.12 | 177.93 | 131.16 | 127.59 | 105.31 | 160.90 |
Days of Inventory on Hand |
38.91 | 65.93 | 87.09 | 91.78 | 113.34 | 160.93 | 150.30 | 273.21 | 211.93 | 191.86 |
Average Receivables |
152.38 | 181.56 | 142.80 | 99.75 | 80.29 | 62.42 | 55.93 | 37.75 | 98.31 | 113.23 |
Average Payables |
94.91 | 113.73 | 111.95 | 92.20 | 53.18 | 35.47 | 36.00 | 32.03 | 27.11 | 23.79 |
Average Inventory |
14.84 | 13.95 | 18.99 | 24.87 | 23.72 | 26.43 | 36.82 | 51.01 | 56.41 | 38.81 |
Average Assets |
405.58 | 439.02 | 433.58 | 400.02 | 433.23 | 507.71 | 501.57 | 489.22 | 484.68 | 436.78 |
Average Common Equity |
235.64 | 227.67 | 224.31 | 221.74 | 310.81 | 423.48 | 420.45 | 402.10 | 376.57 | 308.34 |
Columns are period end dates · fundamentals updated 2 Nov 2026