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MARKETS / NASDAQ / KXIN
NASDAQ · RETAIL-AUTO DEALERS & GASOLINE STATIONS · SMALL CAP

Kaixin Holdings KXIN

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$129,000
$-53.9M
In brief

What this company does

The Company is primarily engaged in the sales of domestic and imported automobiles in the PRC. We are an auto sales company in China. We provide car buyers in China with access to a wide selection of used vehicles across our network of Dealerships, with a focus on premium brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. Haitaoche is a China-based merchant for domestic and imported automobiles. We sourced, marketed, and sold approximately 525, nil, and nil vehicles to customers across China in 2023, 2024 and 2025, respectively.

Written from the business description in Kaixin Holdings's annual report to the U.S. Securities and Exchange Commission, filed 7 April 2026. Every sentence was checked against that document before publication.

Growth
USD 129,000.00
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.1 · Net income -53.9
200M400M-80M-160M201720182019202020212022202320242025
Compound annual growth
−88.4%
−36.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −36.1% 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
−41789 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -24489.9% · Net -41789.1%
-20000%-40000%201720182019202020212022202320242025
ROE
FY2025 · ROE -307.2%
-500%-1000%201720182019202020212022202320242025
Gross margin100.0%
Operating margin-24489.9%
Net margin-41789.1%
Return on assets-187.0%
EBITDAUSD -27.7M

Each USD of equity lost 307 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -3.0
-25.0M-50.0M201720182019202020212022202320242025

Total assetsUSD 33.0M
EquityUSD 21.9M
CashUSD 859,000.00
Current ratio0.11×

Equity funds 66% of total assets.

The 9-year record
9 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 202520242023202220212020201920182017
Revenue $B0.0·0.00.10.30.00.00.40.1
Operating income $B−0.0−0.0−0.0−0.0−0.2−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.2−0.0−0.0−0.0−0.0
Income tax $B−0.0−0.0−0.00.0−0.00.00.00.00.0
Net income $B−0.1−0.0−0.1−0.1−0.2−0.0−0.0−0.1−0.0
Free cash flow $B·−0.0−0.0−0.0··0.0−0.0−0.1
EPS, diluted $−24.20−781.64−4213.21−380.86−25.77−0.00−0.00−3.58−1.15
Dividend / sh $·········
Payout %·········
ROE %−307.2−139.5−139.3−277.8−1097.4−20.8··−572.4
Shares out B··0.050.020.160.070.060.020.01

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 in 43 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 52 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Auto Dealers & Gasoline Stations
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2017

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