Kandi Technologies Group
Builds electric-vehicle products, components, and off-road vehicles while expanding battery swapping and robotics.
Something off on this page? Send us feedback.
Profile
Manufactures and sells EV products, components, and off-road vehicles in China and global markets. Its stated platform centers on intelligent vehicles, with battery-swapping equipment and intelligent robotics as growth pillars.
Manufactures and sells EV products, EV parts, and off-road vehicles through China-based operations and global sales channels. The K23 is jointly made with Hunan Hengrun Automobile under its manufacturing license and sold directly in China. SC Autosports, doing business as Kandi America, supports U.S. sales. Substantially all operations sit in PRC subsidiaries, with a U.S. distribution presence that supports international sales.
The stated platform centers on all-domain intelligent vehicles, alongside battery-swapping equipment and intelligent robotics. Sales are concentrated among major customers, and the K23 depends on a third-party manufacturing license.
Company facts
Key statistics
Year to date −27.5% · Average volume (30d) 537.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Dec 15, 2025Q3 FY25 | — | −$0.05 | — | — | — | — | −4.81% |
| Aug 19, 2025Q2 FY25 | — | $0.02 | — | — | $36.3M | — | +1.85% |
| Mar 31, 2025Q4 FY24 | −$0.02 | −$0.02 | 0.0% | $41.0M | $41.0M | 0.0% | −3.52% |
| Nov 18, 2024Q3 FY24 | — | −$0.05 | — | — | $29.9M | — | −0.89% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $29.9M | $37.8M | $18.1M | $18.1M | $25.6M | $25.6M | |
| Gross profit | $9.4M | $10.9M | $8.2M | $8.2M | $10.5M | $10.5M | |
| Operating income | −$6.7M | −$57.7M | −$966.0K | −$966.0K | −$27.6M | −$27.6M | |
| Net income | −$4.1M | −$48.7M | $862.0K | $862.0K | −$47.8M | −$47.8M | |
| Diluted EPS | −$0.05 | −$0.57 | $0.01 | $0.01 | −$0.58 | −$0.58 | |
| Gross margin | 31.3% | 28.9% | 45.2% | 45.2% | 40.9% | 40.9% | |
| Operating margin | -22.5% | -152.6% | -5.3% | -5.3% | -108.0% | -108.0% |
Fiscal years (4-quarter sums)FY21 $91.5M · FY22 $117.8M · FY23 $123.6M · FY24 $136.8M · FY25 $87.4M
Balance sheet, Dec 31, 2025Cash & short-term investments $118.4M · Total debt $47.2M · Total assets $399.7M · Shareholders' equity $270.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 83.59M · Float 67.91M · 81.2% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Quinn Opportunity Partners LLC | 66.2K | 0.08% | 13F | Aug 8, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Polaris
Major North American ATV and side-by-side vehicle supplier
- Textron
E-Z-GO supplies golf cars and utility vehicles
- Gogoro
Battery-swapping network and electric-scooter platform operator
