What is Kandi Technologies Group, Inc.'s earnings per share (EPS)?

Kandi Technologies Group, Inc. (KNDI) reported diluted earnings per share of $-0.59 for fiscal year 2024. This represents a -3050.0% 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.

Kandi Technologies Group, Inc. Financials

KNDI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Kandi Technologies Group, Inc. (KNDI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).

Financial Health Signals

Financial Profile 39/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Kandi Technologies Group, Inc. has an operating margin of -53.9%, meaning the company retains $-54 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -10.6% the prior year.

Growth

Kandi Technologies Group, Inc.'s revenue grew a modest 3.2% year-over-year to $127.6M. This slow but positive growth earns a score of 39/100.

Leverage

100

Kandi Technologies Group, Inc. carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Kandi Technologies Group, Inc.'s current ratio of 2.95 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Returns

Kandi Technologies Group, Inc. generates a -14.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 0.0% the prior year.

Piotroski F-Score Neutral

4/9

Kandi Technologies Group, Inc. passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.35x

For every $1 of reported earnings, Kandi Technologies Group, Inc. generates $0.35 in operating cash flow (-$17.8M OCF vs -$50.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-31.3x

Kandi Technologies Group, Inc. earns $-31.3 in operating income for every $1 of interest expense (-$68.8M vs $2.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$127.6M

YoY+3.2%

Kandi Technologies Group, Inc. generated $127.6M in revenue in fiscal year 2024. This represents an increase of 3.2% from the prior year.

EBITDA

-$56.8M

YoY-4885.5%

Kandi Technologies Group, Inc.'s EBITDA was -$56.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4885.5% from the prior year.

Net Income

-$50.5M

YoY-708115.5%

Kandi Technologies Group, Inc. reported -$50.5M in net income in fiscal year 2024. This represents a decrease of 708115.5% from the prior year.

EPS (Diluted)

$-0.59

YoY-3050.0%

Kandi Technologies Group, Inc. earned $-0.59 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 3050.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$37.3M

YoY+10.5%

Kandi Technologies Group, Inc. held $37.3M in cash against $5.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

85M

YoY-2.1%

Kandi Technologies Group, Inc. had 85M shares outstanding in fiscal year 2024. This represents a decrease of 2.1% from the prior year.

Margins & Returns

Gross Margin

30.8%

YoY-2.7pp

Kandi Technologies Group, Inc.'s gross margin was 30.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.

Operating Margin

-53.9%

YoY-43.4pp

Kandi Technologies Group, Inc.'s operating margin was -53.9% in fiscal year 2024, reflecting core business profitability. This is down 43.4 percentage points from the prior year.

Net Margin

-39.6%

YoY-39.6pp

Kandi Technologies Group, Inc.'s net profit margin was -39.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 39.6 percentage points from the prior year.

Return on Equity

-14.6%

YoY-14.6pp

Kandi Technologies Group, Inc.'s ROE was -14.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 14.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$5.0M

YoY+17.1%

Kandi Technologies Group, Inc. invested $5.0M in research and development in fiscal year 2024. This represents an increase of 17.1% from the prior year.

Share Buybacks

$3.9M

YoY+667.6%

Kandi Technologies Group, Inc. spent $3.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 667.6% from the prior year.

Capital Expenditures

N/A

KNDI Income Statement

Metric	FY24	FY23	FY22
Revenue	$127.6M+3.2%	$123.6M+4.9%	$117.8M
Cost of Revenue	$88.3M+7.4%	$82.2M-16.3%	$98.3M
Gross Profit	$39.3M-5.1%	$41.4M+112.0%	$19.5M
R&D Expenses	$5.0M+17.1%	$4.3M-29.3%	$6.0M
SG&A Expenses	$57.7M+63.0%	$35.4M+9.5%	$32.3M
Operating Income	-$68.8M-427.0%	-$13.1M+52.8%	-$27.7M
Interest Expense	$2.2M+65.4%	$1.3M+87.6%	$707K
Income Tax	-$5.1M-384.5%	$1.8M+469.8%	-$488K
Net Income	-$50.5M-708115.5%	$7K+100.1%	-$12.1M
EPS (Diluted)	$-0.59-3050.0%	$0.02+111.8%	$-0.17

Metric	Q4'24	Q4'23
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

KNDI Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$473.9M-4.4%	$495.5M	N/A
Current Assets	$354.6M+3.2%	$343.5M	N/A
Cash & Equivalents	$37.3M+10.5%	$33.8M-59.8%	$84.1M
Inventory	$51.3M-16.7%	$61.6M	N/A
Accounts Receivable	$26.5M+39.6%	$19.0M	N/A
Goodwill	$31.2M-5.9%	$33.1M	N/A
Total Liabilities	$127.3M+43.1%	$88.9M	N/A
Current Liabilities	$120.4M+57.0%	$76.7M	N/A
Long-Term Debt	$5.7M-32.0%	$8.4M	N/A
Total Equity	$344.7M-14.7%	$404.1M+1.6%	$397.7M
Retained Earnings	-$66.8M-309.2%	-$16.3M	N/A

Metric	Q4'24	Q4'23
Total Assets	$473.9M-4.4%	$495.5M
Current Assets	$354.6M+3.2%	$343.5M
Cash & Equivalents	$37.3M+10.5%	$33.8M
Inventory	$51.3M-16.7%	$61.6M
Accounts Receivable	$26.5M+39.6%	$19.0M
Goodwill	$31.2M-5.9%	$33.1M
Total Liabilities	$127.3M+43.1%	$88.9M
Current Liabilities	$120.4M+57.0%	$76.7M
Long-Term Debt	$5.7M-32.0%	$8.4M
Total Equity	$344.7M-14.7%	$404.1M
Retained Earnings	-$66.8M-309.2%	-$16.3M

KNDI Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$17.8M+82.4%	-$101.2M-421.4%	$31.5M
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	$25.7M-20.3%	$32.3M+192.1%	-$35.0M
Financing Cash Flow	$22.5M+51.8%	$14.8M+442.2%	-$4.3M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$3.9M+667.6%	$511K-93.2%	$7.5M

Metric	Q4'24	Q4'23
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

KNDI Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	30.8%-2.7pp	33.5%+16.9pp	16.6%
Operating Margin	-53.9%-43.4pp	-10.6%+12.9pp	-23.5%
Net Margin	-39.6%-39.6pp	0.0%+10.3pp	-10.3%
Return on Equity	-14.6%-14.6pp	0.0%+3.0pp	-3.0%
Return on Assets	-10.7%-10.7pp	0.0%	N/A
Current Ratio	2.95-1.5	4.48	N/A
Debt-to-Equity	0.020.0	0.02	N/A
FCF Margin	N/A	N/A	N/A

Metric	Q4'24	Q4'23
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	2.95-1.5	4.48
Debt-to-Equity	0.020.0	0.02
FCF Margin	N/A	N/A

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Frequently Asked Questions

What is Kandi Technologies Group, Inc.'s annual revenue?

Kandi Technologies Group, Inc. (KNDI) reported $127.6M in total revenue for fiscal year 2024. This represents a 3.2% 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 Kandi Technologies Group, Inc.'s revenue growing?

Kandi Technologies Group, Inc. (KNDI) revenue grew by 3.2% year-over-year, from $123.6M to $127.6M in fiscal year 2024.

Is Kandi Technologies Group, Inc. profitable?

No, Kandi Technologies Group, Inc. (KNDI) reported a net income of -$50.5M in fiscal year 2024, with a net profit margin of -39.6%.

What is Kandi Technologies Group, Inc.'s EBITDA?

Kandi Technologies Group, Inc. (KNDI) had EBITDA of -$56.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Kandi Technologies Group, Inc. have?

As of fiscal year 2024, Kandi Technologies Group, Inc. (KNDI) had $37.3M in cash and equivalents against $5.7M in long-term debt.

What is Kandi Technologies Group, Inc.'s gross margin?

Kandi Technologies Group, Inc. (KNDI) had a gross margin of 30.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kandi Technologies Group, Inc.'s operating margin?

Kandi Technologies Group, Inc. (KNDI) had an operating margin of -53.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Kandi Technologies Group, Inc.'s net profit margin?

Kandi Technologies Group, Inc. (KNDI) had a net profit margin of -39.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Kandi Technologies Group, Inc.'s return on equity (ROE)?

Kandi Technologies Group, Inc. (KNDI) has a return on equity of -14.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Kandi Technologies Group, Inc.'s operating cash flow?

Kandi Technologies Group, Inc. (KNDI) generated -$17.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kandi Technologies Group, Inc.'s total assets?

Kandi Technologies Group, Inc. (KNDI) had $473.9M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Kandi Technologies Group, Inc. spend on research and development?

Kandi Technologies Group, Inc. (KNDI) invested $5.0M in research and development during fiscal year 2024.

Does Kandi Technologies Group, Inc. buy back shares?

Yes, Kandi Technologies Group, Inc. (KNDI) spent $3.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Kandi Technologies Group, Inc. have outstanding?

Kandi Technologies Group, Inc. (KNDI) had 85M shares outstanding as of fiscal year 2024.

What is Kandi Technologies Group, Inc.'s current ratio?

Kandi Technologies Group, Inc. (KNDI) had a current ratio of 2.95 as of fiscal year 2024, which is generally considered healthy.

What is Kandi Technologies Group, Inc.'s debt-to-equity ratio?

Kandi Technologies Group, Inc. (KNDI) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kandi Technologies Group, Inc.'s return on assets (ROA)?

Kandi Technologies Group, Inc. (KNDI) had a return on assets of -10.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Kandi Technologies Group, Inc.'s cash runway?

Based on fiscal year 2024 data, Kandi Technologies Group, Inc. (KNDI) had $37.3M in cash against an annual operating cash burn of $17.8M. This gives an estimated cash runway of approximately 25 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 Kandi Technologies Group, Inc.'s Piotroski F-Score?

Kandi Technologies Group, Inc. (KNDI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kandi Technologies Group, Inc.'s earnings high quality?

Kandi Technologies Group, Inc. (KNDI) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Kandi Technologies Group, Inc. cover its interest payments?

Kandi Technologies Group, Inc. (KNDI) has an interest coverage ratio of -31.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Kandi Technologies Group, Inc.?

Kandi Technologies Group, Inc. (KNDI) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.