What is Kaival Brnds Innovatns Grp Inc's earnings per share (EPS)?

Kaival Brnds Innovatns Grp Inc (KAVL) reported diluted earnings per share of $-1.51 for fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kaival Brnds Innovatns Grp Inc Financials

KAVL

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE October

This page shows Kaival Brnds Innovatns Grp Inc (KAVL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KAVL FY2025 2026-06-16

Kaival’s dominant business mechanic is balance-sheet shrinkage outrunning sales, leaving a tiny revenue base to carry fixed corporate costs and ongoing cash burn.

From FY2024 to FY2025, revenue fell from $6.9M to $485K. Meanwhile operating cash burn hit -$2.8M against only $931K of total assets, showing the remaining cost structure is still far larger than the current business can support and that downsizing has not yet translated into self-funding operations.

The reported gross margin moved from 37.8% to 100.0% as sales collapsed, which looks less like broad efficiency and more like a mix shift into residual revenue after most lower-margin volume disappeared. When margin improves only after the revenue base nearly vanishes, the operating lesson is that the business mix changed faster than the overhead burden did.

Debt-to-equity moved from 0.1x in FY2024 to 0.9x in FY2025. That was driven less by new obligations than by equity erosion, with total equity down to $497K while total liabilities were only $434K, leaving a much thinner capital buffer even though the liability load itself is small.

Financial Health Signals

Financial health score pending refresh

We are recalculating Kaival Brnds Innovatns Grp Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

2/5

Kaival Brnds Innovatns Grp Inc passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$485K

YoY-93.0%

5Y CAGR-62.4%

Kaival Brnds Innovatns Grp Inc generated $485K in revenue in fiscal year 2025. This represents a decrease of 93.0% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-1.51

YoY+6.8%

Kaival Brnds Innovatns Grp Inc earned $-1.51 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

Kaival Brnds Innovatns Grp Inc held $0 in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+17.3%

Kaival Brnds Innovatns Grp Inc had 14M shares outstanding in fiscal year 2025. This represents an increase of 17.3% from the prior year.

Margins & Returns

Gross Margin

100.0%

YoY+62.2pp

5Y CAGR+84.4pp

Kaival Brnds Innovatns Grp Inc's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 62.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

KAVL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$485K-93.0%	$6.9M-47.4%	$13.1M+2.6%	$12.8M-78.3%	$58.8M-8.6%	$64.3M
Cost of Revenue	N/A	$4.3M-59.3%	$10.5M-8.7%	$11.5M-75.4%	$46.8M-13.7%	$54.3M
Gross Profit	$485K-81.4%	$2.6M+1.2%	$2.6M+107.5%	$1.2M-89.6%	$11.9M+18.6%	$10.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$7.6M-29.3%	$10.8M-16.7%	$13.0M-32.6%	$19.2M+715.2%	$2.4M
Operating Income	N/A	$29.8M+25.2%	$23.8M+428.9%	$4.5M+12.5%	$4.0M+122.2%	$1.8M
Interest Expense	$9K-98.8%	$730K+56.4%	$467K+11662975.0%	$4	N/A	N/A
Income Tax	-$19K-196.4%	$20K+737.2%	$2K+112.8%	-$18K+98.7%	-$1.4M+5.3%	-$1.5M
Net Income	N/A	-$6.7M+39.8%	-$11.1M+22.5%	-$14.4M-59.1%	-$9.0M-334.9%	$3.8M
EPS (Diluted)	$-1.51+6.8%	$-1.62	$-4.13	$-7.60	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$38K-59.6%	$93K+0.4%	$93K-35.0%	$142K+202.7%	$47K-76.8%	$203K-72.4%	$735K+3.0%	$714K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$196K-43.2%	$345K
Gross Profit	$38K	N/A	$93K-35.0%	$142K+202.7%	$47K-76.8%	$203K-62.4%	$539K+46.1%	$369K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$612K-14.2%	$714K	N/A	$701K-47.3%	$1.3M-68.9%	$4.3M+130.1%	$1.9M+5.9%	$1.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	$0-100.0%	$836-79.6%	$4K0.0%	$4K0.0%	$4K-97.3%	$154K
Income Tax	N/A	N/A	N/A	N/A	N/A	-$19K-200.0%	$19K	$0
Net Income	-$575K+7.4%	-$621K	N/A	-$559K+72.0%	-$2.0M+50.8%	-$4.1M-173.2%	-$1.5M+5.4%	-$1.6M
EPS (Diluted)	$-0.04+20.0%	$-0.05	N/A	$-0.05+70.6%	$-0.17+60.5%	$-0.43	N/A	$-0.39

KAVL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$931K-93.4%	$14.1M-13.5%	$16.3M+24.8%	$13.0M-45.3%	$23.8M+167.1%	$8.9M
Current Assets	$931K-67.0%	$2.8M-30.0%	$4.0M-61.2%	$10.4M-56.2%	$23.8M+168.7%	$8.8M
Cash & Equivalents	$0	$0	$0-100.0%	$3.8M-33.3%	$5.7M+188.0%	$2.0M
Inventory	N/A	N/A	$2.1M-45.3%	$3.8M-68.2%	$11.8M+185420.1%	$6K
Accounts Receivable	$120K-42.0%	$207K-72.2%	$744K+43.5%	$518K-60.0%	$1.3M-7.5%	$1.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$434K-69.7%	$1.4M-68.3%	$4.5M-5.7%	$4.8M-51.5%	$9.9M+119.9%	$4.5M
Current Liabilities	$434K-47.4%	$825K-77.7%	$3.7M-2.2%	$3.8M-61.5%	$9.8M+121.8%	$4.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$497K-96.1%	$12.6M+7.6%	$11.7M+42.5%	$8.2M-40.8%	$13.9M+215.3%	$4.4M
Retained Earnings	-$54.7M-31.8%	-$41.5M-26.3%	-$32.9M-45.3%	-$22.6M-181.3%	-$8.0M-313.2%	$3.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$424K-54.5%	$931K+39.2%	$669K-94.2%	$11.5M-5.9%	$12.2M-13.1%	$14.1M-12.1%	$16.0M-8.8%	$17.5M
Current Assets	$424K-54.5%	$931K+39.2%	$669K-52.6%	$1.4M-27.3%	$1.9M-31.3%	$2.8M-37.4%	$4.5M-22.2%	$5.8M
Cash & Equivalents	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$200K
Accounts Receivable	$80K-33.3%	$120K0.0%	$120K0.0%	$120K+71.4%	$70K-66.2%	$207K-21.5%	$264K-49.5%	$522K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$444K+2.3%	$434K-23.7%	$569K-59.9%	$1.4M-10.7%	$1.6M+10.8%	$1.4M-34.5%	$2.2M-45.4%	$4.0M
Current Liabilities	$444K+2.3%	$434K-23.7%	$569K-34.2%	$865K-16.4%	$1.0M+25.3%	$825K-45.9%	$1.5M-53.6%	$3.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$21K-104.2%	$497K+397.2%	$100K-99.0%	$10.1M-5.2%	$10.6M-15.8%	$12.6M-8.5%	$13.8M+2.1%	$13.5M
Retained Earnings	-$55.3M-1.1%	-$54.7M-1.1%	-$54.1M-22.7%	-$44.1M-1.3%	-$43.5M-4.8%	-$41.5M-10.8%	-$37.5M-4.1%	-$36.0M

KAVL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.8M-312.2%	-$673K+77.4%	-$3.0M+47.9%	-$5.7M+38.7%	-$9.3M-222.5%	$7.6M
Capital Expenditures	N/A	N/A	$3K	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	-$3.0M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$316K	$0	N/A	N/A
Financing Cash Flow	-$595K-114.7%	$4.0M+2854.4%	$137K-91.3%	$1.6M-83.9%	$9.7M+5500.5%	-$180K
Dividends Paid	$405K	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$420K+44.2%	-$752K0.0%	-$752K-40.1%	-$537K+7.2%	-$578K+36.2%	-$906K-14.2%	-$793K-33.4%	-$595K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$595K
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Financing Cash Flow	$0-100.0%	$1.0M+5698.6%	$18K	$0+100.0%	-$44K+92.3%	-$569K-433.2%	$171K-96.3%	$4.6M
Dividends Paid	N/A	N/A	$0	$0	$0-100.0%	$405K	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KAVL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	100.0%+62.2pp	37.8%+18.2pp	19.7%+10.0pp	9.7%-10.6pp	20.3%+4.7pp	15.6%
Operating Margin	N/A	432.7%+250.9pp	181.9%+146.6pp	35.3%+28.5pp	6.8%+4.0pp	2.8%
Net Margin	N/A	-97.3%-12.2pp	-85.1%+27.5pp	-112.6%-97.2pp	-15.4%-21.3pp	6.0%
Return on Equity	N/A	-53.0%+41.8pp	-94.8%+79.6pp	-174.4%-109.5pp	-64.9%-151.9pp	87.1%
Return on Assets	N/A	-47.6%+20.8pp	-68.4%+41.8pp	-110.2%-72.3pp	-37.9%-81.1pp	43.1%
Current Ratio	2.14-1.3	3.42+2.3	1.09-1.7	2.75+0.3	2.41+0.4	1.99
Debt-to-Equity	0.87+0.8	0.11-0.3	0.38-0.2	0.58-0.1	0.71-0.3	1.02
FCF Margin	N/A	N/A	-22.8%	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	100.0%	N/A	100.0%0.0pp	100.0%0.0pp	100.0%0.0pp	100.0%+26.7pp	73.3%+21.6pp	51.7%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1530.9%-862.9pp	-668.0%	N/A	-392.7%+3853.5pp	-4246.3%-2241.8pp	-2004.4%-1802.2pp	-202.3%+17.9pp	-220.2%
Return on Equity	N/A	-124.9%	N/A	-5.5%+13.2pp	-18.8%+13.4pp	-32.1%-21.4pp	-10.8%+0.9pp	-11.6%
Return on Assets	-135.6%-68.9pp	-66.6%	N/A	-4.9%+11.5pp	-16.3%+12.5pp	-28.9%-19.6pp	-9.3%-0.3pp	-9.0%
Current Ratio	0.95-1.2	2.14+1.0	1.18-0.5	1.63-0.2	1.88-1.5	3.42+0.5	2.95+1.2	1.76
Debt-to-Equity	-21.51-22.4	0.87-4.8	5.69+5.6	0.140.0	0.15+0.0	0.11-0.0	0.16-0.1	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-83.3%

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Frequently Asked Questions

What is Kaival Brnds Innovatns Grp Inc's annual revenue?

Kaival Brnds Innovatns Grp Inc (KAVL) reported $485K in total revenue for fiscal year 2025. This represents a -93.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kaival Brnds Innovatns Grp Inc's revenue growing?

Kaival Brnds Innovatns Grp Inc (KAVL) revenue declined by 93% year-over-year, from $6.9M to $485K in fiscal year 2025.

What is Kaival Brnds Innovatns Grp Inc's gross margin?

Kaival Brnds Innovatns Grp Inc (KAVL) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kaival Brnds Innovatns Grp Inc's operating cash flow?

Kaival Brnds Innovatns Grp Inc (KAVL) generated -$2.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Kaival Brnds Innovatns Grp Inc's total assets?

Kaival Brnds Innovatns Grp Inc (KAVL) had $931K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Kaival Brnds Innovatns Grp Inc have outstanding?

Kaival Brnds Innovatns Grp Inc (KAVL) had 14M shares outstanding as of fiscal year 2025.

What is Kaival Brnds Innovatns Grp Inc's current ratio?

Kaival Brnds Innovatns Grp Inc (KAVL) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.

What is Kaival Brnds Innovatns Grp Inc's debt-to-equity ratio?

Kaival Brnds Innovatns Grp Inc (KAVL) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kaival Brnds Innovatns Grp Inc's cash runway?

Based on fiscal year 2025 data, Kaival Brnds Innovatns Grp Inc (KAVL) had $0 in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Kaival Brnds Innovatns Grp Inc's Piotroski F-Score?

Kaival Brnds Innovatns Grp Inc (KAVL) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.