Sunday 11 October 2026 Export all KNDI data to Excel Powerpack

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.

0.61 0.03 −4.69%

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Market cap: $63.9M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: 5/9
Altman Z: 0.01
Beneish M: −5.74
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.52%

Capital & Financial Ratios $m

Market Cap 63.85

Revenue 133.88

Net Income (3.31)

Free Cash Flow (114.41)

Net Debt (242.48)

Current Ratio 2.26

Debt/Equity 0.14

P/E ratio 0.00

Fwd P/E 0.00

P/S ratio 0.39

P/B ratio 0.13

Past 5Y EPS Growth —

This Y EPS Growth (300.00%)

Next Y EPS Growth 250.00%

Next Y revenue growth 95.22%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.74%

10-year low 10-year high

P/B against its own 10 years 0.74%

10-year low 10-year high

EV/FCF against its own 10 years 53.32%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	128	126	212	286
Receivables	25	171	55	18
Inventory	62	51	26	28
Other	3	1	5	4
	344	355	301	340

	2023	2024	2025	Q'26
Payables	29	25	22	23
ST’ Debt	9	38	31	43
Other	5	6	6	8
	77	120	128	151

Compound Annual Growth %

	10y	5y	3y
Sales	(7.99%)	2.60%	(9.46%)
Cash Flow	0.00%	0.00%	45.42%
Earnings	0.00%	0.00%	0.00%
Book Value	1.23%	(7.73%)	(12.10%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	87
’24	—	39	30	—	128
’23	23	36	36	28	124
’22	25	21	34	38	118
’21	16	30	17	29	91
’20	6	19	19	32	77

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	97
’24	—	—	—	—	(18)
’23	7	4	15	(128)	(101)
’22	6	17	(10)	18	31
’21	(6)	(6)	(8)	20	0
’20	(27)	(8)	21	(38)	(51)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	96
’24	—	—	—	—	(19)
’23	7	3	4	(128)	(114)
’22	5	16	(10)	16	28
’21	(16)	19	(14)	16	4
’20	(27)	27	36	(53)	(16)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(1.12)
’24	—	0.02	(0.05)	—	(0.59)
’23	0.01	0.06	0.02	(0.06)	0.02
’22	(0.02)	(0.02)	0.01	(0.14)	(0.17)
’21	(0.08)	0.54	(0.10)	(0.05)	0.30
’20	(0.03)	0.08	(0.03)	(0.20)	(0.19)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.40	3.50	3.54	3.61	2.17	3.09	2.00	2.22	0.89	0.78	Analyst estimates 2026–2028 Powerpack
	High	10.90	9.90	8.25	9.23	17.45	10.98	3.75	4.27	3.13	1.81
People
People	Employees	497	564	705	594	638	837	971	840	739	595
	Revenue/emp, $m	0.26	0.18	0.16	0.23	0.12	0.11	0.12	0.15	0.17	0.15
Income, $m
Income, $m	Revenue	129	103	112	136	77	91	118	124	128	87
	Gross margin, %	13.69	13.95	18.01	18.73	17.53	17.76	16.57	33.47	30.78	42.65
	EBT	(6)	(32)	2	(8)	(15)	29	(13)	3	(56)	(92)
	EBT margin, %	(4.50)	(30.75)	1.85	(5.81)	(20.07)	31.93	(11.32)	2.81	(43.96)	(104.80)
	Net income	(7)	(28)	(6)	(7)	(10)	23	(13)	2	(51)	(96)
	Depreciation	5	5	4	8	8	10	12	12	12	6
Per share, $
Per share, $	Revenue	2.73	2.14	2.20	2.59	1.37	1.20	1.56	1.57	1.48	1.05
	Earnings	(0.14)	(0.59)	(0.11)	(0.14)	(0.19)	0.30	(0.17)	0.02	(0.59)	(1.12)
	Cash flow	(1.04)	(0.07)	0.27	(0.57)	(0.91)	0.00	0.42	(1.29)	(0.21)	1.16
	Capex	(0.13)	(0.04)	(0.02)	(0.01)	0.61	0.05	(0.05)	(0.17)	(0.01)	(0.01)
	Free cash flow	(1.18)	(0.11)	0.24	(0.58)	(0.29)	0.06	0.37	(1.45)	(0.22)	1.15
	Book value	4.90	4.65	4.41	4.16	7.22	5.82	5.26	5.16	4.02	3.23
	Shares, m	47	48	51	52	56	76	76	79	86	84
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	10.35	0.00	94.00	0.00	0.00
	P/S	1.76	3.36	1.65	1.82	5.02	2.67	1.49	1.80	0.77	0.51
	P/B	0.98	1.55	0.82	1.14	0.96	0.55	0.44	0.55	0.25	0.17
	EV/Sales	2.02	3.82	1.98	2.10	3.33	0.26	(0.41)	0.91	(0.93)	(1.07)
	EV/FCF	(4.82)	(77.28)	17.85	(9.32)	(15.52)	21.16	(2.20)	(0.93)	1.03	1.20
Cash, $m
Cash, $m	Operating cash flow	(50)	(3)	14	(30)	(51)	0	31	(101)	(18)	97
	Capex	(6)	(2)	(1)	(1)	34	4	(4)	(13)	(1)	0
	Free cash flow	(56)	(5)	12	(30)	(16)	4	28	(114)	(19)	96
Balance, $m
Balance, $m	Working capital	86	54	3	64	223	278	248	267	234	173
	Total debt	63	64	59	54	0	3	6	17	43	31
	Net debt	33	48	37	38	(142)	(221)	(227)	(110)	(83)	(181)
	Shareholders’ equity	232	223	226	218	404	443	398	407	347	270
Returns, %
Returns, %	ROA	(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)
	ROE	(2.76)	(12.45)	(2.54)	(3.24)	(3.34)	5.40	(2.88)	0.00	(13.41)	(30.45)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2024 · fundamentals updated 30 Sep 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WGO Winnebago Industries, Inc.	$696.8M	17.2×	16.1×	−9.86% (below 0%: shrinking)	−19.05% (below 0%: shrinking)	+155.68% (above 0%: growing)	13.58%	3.29%	Compare
MCFT MASTERCRAFT BOAT HOLDINGS, INC.	$474.6M	— (loss-making)	12.7×	+63.41% (above 0%: growing)	n/m	−18.29% (below 0%: shrinking)	22.56%	(4.86%)	Compare
MBUU Malibu Boats, Inc.	$433.3M	309×	15.3×	+42.74% (above 0%: growing)	+54.17% (above 0%: growing)	+19.34% (above 0%: growing)	17.66%	3.16%	Compare
KNDI Kandi Technologies Group, Inc.	$63.9M	— (loss-making)	— (loss-making)	−16.71% (below 0%: shrinking)	n/m	−880.32% (below 0%: shrinking)	31.30%	(22.47%)
MAMO Massimo Group	$40.2M	9.4×	—	−21.13% (below 0%: shrinking)	+1,478.95% (above 0%: growing)	+164.77% (above 0%: growing)	48.81%	11.14%	Compare
VEEE Twin Vee PowerCats, Co.	$5.9M	— (loss-making)	4.1×	−34.22% (below 0%: shrinking)	n/m	−19.52% (below 0%: shrinking)	(5.84%)	(96.58%)	Compare
VMAR Vision Marine Technologies Inc.	$4.1M	— (loss-making)	— (loss-making)	+8,619.13% (above 0%: growing)	n/m	+183.36% (above 0%: growing)	17.35%	(29.11%)	Compare
FUVV Arcimoto, Inc.	$3.6M	— (loss-making)	— (loss-making)	−45.15% (below 0%: shrinking)	n/m	+69.65% (above 0%: growing)	(166.81%)	(686.82%)	Compare
EZGO EZGO Technologies Ltd.	$2.2M	— (loss-making)	— (loss-making)	−46.26% (below 0%: shrinking)	−300.00% (below 0%: shrinking)	+46.84% (above 0%: growing)	3.53%	0.00%	Compare
Median of peers	$23.1M	17.2×	14.0×	−15.49%	+17.56%	+58.25%	15.47%	(2.43%)

All 16 Recreational Vehicles stocks →

Kandi Technologies Group, Inc. (KNDI) key facts

Concern: Kandi Technologies Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $87.4 million, down 31.5% from fiscal 2024.
Kandi Technologies Group, Inc. (KNDI) is a Recreational Vehicles company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 9, 2026, KNDI traded at $0.61, a market capitalization of $63.9 million.
Return on equity was −30.5% and debt-to-equity 0.14.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.01 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 30, 2026.