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MARKETS / BALCAO / KAVL
BALCAO · RETAIL-NONSTORE RETAILERS · SMALL CAP

Kaival Brands Innovations Group, Inc. KAVL

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$484,661
▼ 93.0% YoY
$-16.6M
In brief

What this company does

Our current primary source of revenue is through an international licensing agreement with Philip Morris Products S.A. (“PMPSA”), a wholly owned affiliate of Philip Morris International Inc. (“PMI”). Currently, the products consist solely of the “BIDI® Stick,” Bidi’s disposable, tamper resistant ENDS product made with medical-grade components, a UL-certified battery and technology designed to deliver a consistent vaping experience for adult smokers 21 and over. We had distributed products to wholesalers and retailers of ENDS products, having ceased all direct-to-consumer sales in February 2021. We do not manufacture any of the products we resell. The BIDI® Stick is manufactured by Bidi through its contract manufacturer in China. As of the date of this Report we have four employees, all of whom are full-time, including our officers.

Written from the business description in Kaival Brands Innovations Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 29 January 2026. Every sentence was checked against that document before publication.

Growth
USD 484,661.00
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.5 · Net income -16.6
25.0M50.0M-8.0M-16.0M20182019202020212022202320242025
Compound annual growth
−66.4%
−62.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −62.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3431 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3435.1% · Net -3431.2%
-1000%-2000%-3000%20182019202020212022202320242025
ROE
FY2025 · ROE -239.0%
50%100%150%-100%-200%20182019202020212022202320242025

Each USD of equity lost 239 cents this year.

Cash & shareholders
USD 405,000.00
returned in FY2025 · dividends + net buybacks
Net buybacks $ Dividends $
FY2025 · Dividends 405000.0 · Net buybacks —
2000004000002025

USD 405,000.00 in dividends went back to shareholders in a year without profit.

Total assetsUSD 669,256.00
EquityUSD 99,967.00
CashUSD 0.00
Current ratio1.18×

Equity funds 15% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.00.00.00.00.10.1··
Operating income $B−0.0−0.0−0.0−0.0−0.00.0−0.0·
EBITDA $B−0.0−0.0−0.0−0.0····
Income tax $B−0.00.00.0−0.0−0.0−0.0··
Net income $B−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0
Free cash flow $B··−0.0·····
EPS, diluted $−1.51−1.62−4.13−7.60−0.380.090.000.00
Dividend / sh $········
Payout %−2·······
ROE %−239.0−48.9−95.3−110.0−87.1175.9··
Shares out B0.010.010.000.000.030.020.570.57

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 35 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityRetail-Nonstore Retailers
Listed onOTC market
Incorporated innot stated in the filings
Fiscal year endsOctober 31
SEC categorysmaller reporting company
Data on record since2018

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