Kaixin Holdings balance sheet KXIN

Annual Quarterly

As of Dec 31, 2025, Kaixin Holdings had total assets of $33.0 million and total liabilities of $11.1 million. Total assets were up 34.0% from a year earlier. Stockholders' equity was $21.9 million. It held $1.2 million in cash and investments against $94,000 of total debt, net cash of $1.1 million. The current ratio, current assets divided by current liabilities, was 0.11.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q4 FY2025 Dec 31, 2025	Q4 FY2024 Dec 31, 2024	Q4 FY2023 Dec 31, 2023	Q4 FY2022 Dec 31, 2022	Q4 FY2021 Dec 31, 2021	Q4 FY2020 Dec 31, 2020	Q4 FY2019 Dec 31, 2019	Q1 FY2019 Mar 31, 2019
Assets
Cash	1 -64.0%	2 +14.5%	2 -70.6%	7 +34.9%	5 +767.1%	1 -81.0%	3 -59.9%	0 -35.5%
Long-term investments	0 -10.4%	0	—	—	—	—	—	—
Cash and investments	1 -56.5%	3 +33.4%	2 -70.6%	7 +34.9%	5 +767.1%	1 -81.0%	3 -59.9%	0 -35.5%
Receivables	—	—	—	—	—	—	0	—
Inventory	0 +127.6%	0 -55.4%	0 +109.7%	0 -92.3%	0 -98.1%	—	21	—
Total current assets	1 -65.6%	3 -29.2%	4 -90.1%	42 -28.2%	59 +3262.1%	2 -96.6%	52 -55.0%	0 -14.4%
Property and equipment, net	0 -23.9%	0 -23.1%	0 +722.4%	0 +122.7%	0 +2100.0%	0 -99.3%	0	—
Goodwill	21 -44.4%	—	38 -73.4%	—	—	0 -100.0%	—	—
Total assets	33 +34.0%	25 -63.6%	68 +21.5%	56 -24.9%	74 +1024.8%	7 -87.9%	54 -71.6%	214 +3.0%
Liabilities and equity
Accounts payable	0	—	—	—	0 -26.6%	0 -90.2%	4 -17.1%	0 +221.8%
Total current liabilities	9 -0.9%	9 -40.1%	15 -23.9%	20 -32.4%	29 +6733.3%	0 -99.2%	51 -69.5%	4 +5203.4%
Total liabilities	11 -3.3%	11 -38.4%	19 -7.7%	20 -44.1%	36 +8290.9%	0 -99.2%	52	—
Stockholders' equity	22 +66.5%	13 -71.1%	46 +45.6%	31 +5.6%	30 +381.3%	6 +234.9%	-5 +95.5%	5 +0.0%
Debt
Lease liabilities	0 -59.3%	0 -36.5%	0 -15.3%	0 -16.5%	1 +692.3%	0 -97.5%	3	—
Total debt	0 -59.3%	0 -36.5%	0 -15.3%	0 -16.5%	1 +692.3%	0 -97.5%	3	—
Net cash	1 -56.2%	3 +48.2%	2 -74.2%	7 +40.5%	5 +776.0%	1 -8.9%	1	—
Ratios
Current ratio	0.11x	0.33x	0.28x	2.13x	2.01x	4.08x	1.02x	0.04x
Debt to equity	0.00x	0.02x	0.01x	0.01x	0.02x	0.01x	—	—
Return on equity	-245.84%	-311.03%	-117.51%	-270.50%	-662.73%	-2.69%	—	-1,780.32%
Return on assets	-163.28%	-166.25%	-79.20%	-152.12%	-265.07%	-2.52%	-0.20%	-41.63%
Book value per share	—	—	0.92	2.06	0.18	0.08	-0.08	0.86

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Retail-Auto Dealers & Gasoline Stations (SIC 5500)
Listed as: KXIN (Nasdaq)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: Chaoyang District
SEC filer status: Non-accelerated filer
SEC CIK: 1713539
Former names: Kaixin Auto Holdings (until Apr 9, 2024); CM Seven Star Acquisition Corp (until May 1, 2019)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.