Kaixin Holdings Financials
Financial Health Signals
Kaixin Holdings passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Kaixin Holdings generates $0.07 in operating cash flow (-$3.0M OCF vs -$41.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kaixin Holdings earns $-56.0 in operating income for every $1 of interest expense (-$19.1M vs $342K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Kaixin Holdings (KXIN) 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).
Key Financial Metrics
Kaixin Holdings's EBITDA was -$15.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.9% from the prior year.
Kaixin Holdings generated -$3.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 21.3% from the prior year.
Kaixin Holdings reported -$41.0M in net income in fiscal year 2024. This represents an increase of 23.5% from the prior year.
Kaixin Holdings earned $-26.05 per diluted share (EPS) in fiscal year 2024. This represents an increase of 81.5% from the prior year.
Kaixin Holdings held $2.4M in cash against $0 in long-term debt as of fiscal year 2024.
Kaixin Holdings had 5M shares outstanding in fiscal year 2024. This represents a decrease of 89.0% from the prior year.
Kaixin Holdings invested $18K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 95.5% from the prior year.
KXIN Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q1'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $464K | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | -$464K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | $726K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KXIN Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q1'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.6M-63.6% | $67.6M+21.5% | $55.7M-24.9% | $74.2M+1024.8% | $6.6M-87.9% | $54.4M-74.6% | $213.9M+11.8% | $191.2M |
| Current Assets | $3.0M-29.2% | $4.2M-90.1% | $42.3M-28.2% | $58.9M+3262.1% | $1.8M-96.6% | $52.0M+36468.5% | $142K-99.9% | $115.4M |
| Cash & Equivalents | $2.4M+14.5% | $2.1M-70.6% | $7.1M+34.9% | $5.3M+767.1% | $607K-81.0% | $3.2M+5809.6% | $54K-99.3% | $8.0M |
| Inventory | $29K-55.4% | $65K+109.7% | $31K-92.3% | $404K | N/A | $21.0M | N/A | $58.0M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $219K | N/A | $1.5M |
| Goodwill | N/A | $38.2M | $0 | N/A | $0 | N/A | N/A | $75.0M |
| Total Liabilities | $11.5M-38.4% | $18.6M-7.7% | $20.2M-44.1% | $36.1M+8290.9% | $430K-99.2% | $51.9M-75.2% | $208.9M-20.0% | $261.0M |
| Current Liabilities | $9.0M-40.1% | $15.1M-23.9% | $19.9M-32.4% | $29.4M+6733.3% | $430K-99.2% | $51.0M+1216.9% | $3.9M-97.7% | $167.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $13.2M-71.1% | $45.6M+45.6% | $31.3M+5.6% | $29.7M+381.3% | $6.2M+234.9% | -$4.6M-191.4% | $5.0M+104.9% | -$102.1M |
| Retained Earnings | -$377.5M-12.2% | -$336.6M-18.9% | -$283.0M-42.7% | -$198.3M-11409.1% | -$1.7M+99.1% | -$192.2M-5903.6% | $3.3M+102.3% | -$146.1M |
KXIN Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q1'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$1.1M+88.5% | -$9.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$2.1M | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $3.2M+102.3% | -$139.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KXIN Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q1'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 14.5% | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | N/A |
| Current Ratio | 0.33+0.1 | 0.28-1.9 | 2.13+0.1 | 2.01-2.1 | 4.08+3.1 | 1.02+1.0 | 0.04-0.7 | 0.69 |
| Debt-to-Equity | 0.87+0.5 | 0.41-0.2 | 0.64-0.6 | 1.22+1.1 | 0.07+11.4 | -11.35-53.1 | 41.77+44.3 | -2.56 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Kaixin Holdings profitable?
No, Kaixin Holdings (KXIN) reported a net income of -$41.0M in fiscal year 2024.
What is Kaixin Holdings's earnings per share (EPS)?
Kaixin Holdings (KXIN) reported diluted earnings per share of $-26.05 for fiscal year 2024. 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.
What is Kaixin Holdings's EBITDA?
Kaixin Holdings (KXIN) had EBITDA of -$15.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kaixin Holdings's free cash flow?
Kaixin Holdings (KXIN) generated -$3.0M in free cash flow during fiscal year 2024. This represents a -21.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kaixin Holdings's operating cash flow?
Kaixin Holdings (KXIN) generated -$3.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kaixin Holdings's total assets?
Kaixin Holdings (KXIN) had $24.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Kaixin Holdings's capital expenditures?
Kaixin Holdings (KXIN) invested $18K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Kaixin Holdings have outstanding?
Kaixin Holdings (KXIN) had 5M shares outstanding as of fiscal year 2024.
What is Kaixin Holdings's current ratio?
Kaixin Holdings (KXIN) had a current ratio of 0.33 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Kaixin Holdings's debt-to-equity ratio?
Kaixin Holdings (KXIN) had a debt-to-equity ratio of 0.87 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kaixin Holdings's return on assets (ROA)?
Kaixin Holdings (KXIN) had a return on assets of -166.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kaixin Holdings's cash runway?
Based on fiscal year 2024 data, Kaixin Holdings (KXIN) had $2.4M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 9 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 Kaixin Holdings's Piotroski F-Score?
Kaixin Holdings (KXIN) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Kaixin Holdings's earnings high quality?
Kaixin Holdings (KXIN) has an earnings quality ratio of 0.07x, 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 Kaixin Holdings cover its interest payments?
Kaixin Holdings (KXIN) has an interest coverage ratio of -56.0x, 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.