Kaixin Holdings income statement KXIN

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Kaixin Holdings reported revenue of $129,000, down 99.6% from the year before. It recorded a net loss of $53.9 million. The operating loss came to $31.6 million, an operating margin of -24489.9%. Diluted earnings per share were -$24.20. Across the 6 fiscal years shown, revenue shrank from $45.8 million in fiscal 2019 to $129,000 in fiscal 2025, about 69.1% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	0 -99.6%	—	32 -61.9%	83 -67.4%	254 +20930.7%	1 -97.4%	46	—	—
Cost of revenue	—	—	31 -62.0%	82 -66.9%	249 +20495.1%	1 -97.4%	46 +3129.8%	1 +1547.6%	0
Gross profit	0 -62.3%	—	0 -47.1%	1 -87.7%	5 +425.7%	1 +437.6%	0	—	—
Research and development	—	—	—	—	—	1 -77.5%	3	—	—
Selling, general and administrative	32 +65.7%	19 -10.2%	21 -56.1%	49 +9.9%	44 +15919.9%	0 -14.3%	0	—	—
Operating expenses	32	—	21 -56.1%	49	—	—	—	—	—
Operating income	-32 -65.0%	-19 +8.8%	-21 +56.2%	-48 +73.7%	-183 -66064.1%	-0 -102.9%	-0 +99.6%	-34 -30.4%	-26
Interest expense	0 -98.0%	0	—	—	—	—	—	—	—
Foreign currency gain (loss)	0 -28.6%	0 +170.0%	-0 +92.8%	-0 +67.8%	-0	—	—	—	—
Other non-operating income (expense)	0 -71.9%	0 +4455.6%	-0 -101.2%	1 +18300.0%	-0 -116.0%	0 -59.0%	0	—	—
Other income (expense)	-25 -10.0%	-23 +30.6%	-33	—	—	—	—	—	—
Equity in earnings of affiliates	-0	—	—	—	—	—	—	—	—
Pretax income	-57 -35.1%	-42 +22.1%	-54 +36.4%	-85 +57.0%	-197 -118368.1%	-0 -50.9%	-0	—	—
Income tax	-3 -193.6%	-1 -308.3%	-0 -408.1%	0 +110.2%	-1	0	0	—	—
Net income	-54 -31.6%	-41 +23.5%	-54 +36.8%	-85 +56.9%	-197 -118321.1%	-0 -50.9%	-0 +99.9%	-89 -211.7%	-29
Basic EPS	-24.20 +96.9%	-781.64 +81.4%	-4,213.21 -1006.2%	-380.86 -1377.9%	-25.77	—	—	—	—
Diluted EPS	-24.20 +96.9%	-781.64 +81.4%	-4,213.21 -1006.2%	-380.86 -1377.9%	-25.77	—	—	—	—
Weighted average shares, basic	2 +4150.0%	0 +312.3%	0 -94.3%	0 -97.1%	8 -89.7%	74 +0.0%	74	—	—
Weighted average shares, diluted	2 +4150.0%	0 +312.3%	0 -94.3%	0 -97.1%	8	—	—	—	—
Other measures
Depreciation and amortization	4 -1.3%	4 +58.8%	2 +47.7%	2 +113.6%	1 +1819.5%	0 -75.6%	0	—	—
EBITDA	-28 -82.3%	-15 +17.9%	-19 +60.0%	-46 +74.6%	-182 -77272.8%	-0 -834.4%	0	—	—
Interest coverage	-4,513.14x	-55.97x	—	—	—	—	—	—	—
Margins
Gross margin	100.00%	—	1.08%	0.78%	2.07%	82.85%	0.41%	—	—
Operating margin	-24,489.92%	—	-66.54%	-57.87%	-71.94%	-22.87%	-0.30%	—	—
Pretax margin	-43,907.75%	—	-170.55%	-102.06%	-77.47%	-13.75%	-0.24%	—	—
Profit margin	-41,788.37%	—	-169.85%	-102.25%	-77.44%	-13.75%	-0.24%	—	—
EBITDA margin	-21,473.64%	—	-58.67%	-55.84%	-71.63%	-19.47%	0.07%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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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.