KXIN on Nasdaq
Kaixin Holdings
Retail-auto dealers and gasoline stations company in the Cayman Islands.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax100¢$2.7M
Out of $129.0K in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue, net | $129.0K | $31.5M | |
| Cost of revenues | $31.2M | ||
| Gross Profit | $129.0K | $342.0K | |
| Selling and marketing expenses | $91.0K | $963.0K | $3.3M |
| General and administrative expenses | $31.6M | $18.2M | $18.0M |
| Total Operating Expenses | $31.7M | $19.1M | $21.3M |
| Loss from Operations | -$31.6M | -$19.1M | -$21.0M |
| Other income (expenses), net | $110.0K | $392.0K | -$9.0K |
| Foreign currency exchange gain (loss) | $5.0K | $7.0K | -$10.0K |
| Interest expense, net | -$7.0K | -$342.0K | -$525.0K |
| (Loss) gain on disposal of subsidiaries | -$7.8M | -$23.0M | $64.0K |
| Change in fair value of warrants | $22.0K | $210.0K | -$208.0K |
| Share of equity loss | -$41.0K | ||
| Impairment of intangible assets | -$16.9M | $0 | $0 |
| Impairment of other receivables | -$8.8M | ||
| Impairment of prepaid expenses and other current assets | -$392.0K | -$23.3M | |
| Other expenses, net | -$25.0M | -$22.8M | -$32.8M |
| Loss Before Income Tax | -$56.6M | -$41.9M | -$53.8M |
| Income tax benefits | $2.7M | $931.0K | $228.0K |
| Net Loss | -$53.9M | -$41.0M | -$53.6M |
| Less: net (loss) income attributable to non-controlling interests | -$1.0K | -$8.0K | $9.0K |
| Net Loss Attributable to Kaixin's Shareholders | -$53.9M | -$41.0M | -$53.6M |
| Foreign currency translation adjustment | $8.0K | $972.0K | -$1.3M |
| Comprehensive Loss | -$53.9M | -$40.0M | -$54.9M |
| Less: comprehensive loss attributable to non-controlling interest | $109.0K | $754.0K | |
| Comprehensive Loss Attributable to Kaixin's Shareholders | -$53.9M | -$39.9M | -$54.1M |
| Loss Per Share - Basic | -$24.20 | -$781.64 | -$4,213.21 |
| Loss Per Share - diluted | -$24.20 | -$781.64 | -$4,213.21 |
| Weighted Average Shares Used in Calculating Net Loss Per Share - Basic | 2.2M shares | 52.4K shares | 12.7K shares |
| Weighted Average Shares Used in Calculating Net Loss Per Share - diluted | 2.2M shares | 52.4K shares | 12.7K shares |
| Share consolidation ratio | 0 pure |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 7 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $859.0K | $2.4M | |||
| Inventories | $66.0K | $29.0K | |||
| Prepayment for vehicle purchase and other current assets, net | $97.0K | $557.0K | |||
| TOTAL CURRENT ASSETS | $1.0M | $3.0M | |||
| Long-term investment | $352.0K | $393.0K | |||
| Property and equipment, net | $236.0K | $310.0K | |||
| Goodwill | $21.2M | ||||
| Intangible assets, net | $10.1M | $20.7M | |||
| Operating lease right-of-use assets | $108.0K | $255.0K | |||
| TOTAL NON-CURRENT ASSETS | $32.0M | $21.7M | |||
| TOTAL ASSETS | $33.0M | $24.6M | |||
| Short-term operating lease liabilities | $94.0K | $141.0K | |||
| Contract liabilities | $6.0K | $77.0K | |||
| Convertible notes | $635.0K | ||||
| Income tax payable | $68.0K | ||||
| Amounts due to related parties | $233.0K | $355.0K | |||
| Warrant liability | $22.0K | ||||
| Accrued expenses and other current liabilities | $8.6M | $7.8M | |||
| TOTAL CURRENT LIABILITIES | $9.0M | $9.0M | |||
| Long-term operating lease liabilities | $90.0K | ||||
| Deferred tax liabilities | $2.1M | $2.3M | |||
| TOTAL LIABILITIES | $11.1M | $11.5M | |||
| Additional paid-in capital | $437.6M | $406.3M | |||
| Subscription receivable | -$17.9M | -$17.9M | |||
| Statutory reserve | $8.0K | $8.0K | |||
| Accumulated deficit | -$431.4M | -$377.5M | |||
| Accumulated other comprehensive income | $2.0M | $2.0M | |||
| TOTAL KAIXIN HOLDINGS' SHAREHOLDERS' EQUITY | $21.9M | $13.2M | |||
| Non-controlling interests | $1.0K | ||||
| TOTAL EQUITY | $21.9M | $13.2M | $49.0M | ||
| TOTAL LIABILITIES AND EQUITY | $33.0M | $24.6M | |||
| Ordinary shares, par value (in dollars per share) | $0.04 | $0.04 | |||
| Preferred shares, authorized | 333.7K shares | ||||
| Preferred shares, outstanding | 0 shares | 0 shares | |||
| Share consolidation ratio | 0 pure | 0 pure | |||
| Common stock, authorized share capital | $36.5M | $36.5M |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2023-12-31 | 2023-08-31 | 2022-12-31 |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $859.0K | $2.4M | |||||
| Inventories | $66.0K | $29.0K | |||||
| Prepayment for vehicle purchase and other current assets, net | $97.0K | $557.0K | |||||
| TOTAL CURRENT ASSETS | $1.0M | $3.0M | |||||
| Long-term investment | $352.0K | $393.0K | |||||
| Property and equipment, net | $236.0K | $310.0K | |||||
| Goodwill | $21.2M | ||||||
| Intangible assets, net | $10.1M | $20.7M | |||||
| Operating lease right-of-use assets | $108.0K | $255.0K | |||||
| TOTAL NON-CURRENT ASSETS | $32.0M | $21.7M | |||||
| TOTAL ASSETS | $33.0M | $24.6M | |||||
| Short-term operating lease liabilities | $94.0K | $141.0K | |||||
| Contract liabilities | $6.0K | $77.0K | |||||
| Convertible notes | $635.0K | ||||||
| Income tax payable | $68.0K | ||||||
| Amounts due to related parties | $233.0K | $355.0K | |||||
| Warrant liability | $22.0K | ||||||
| Accrued expenses and other current liabilities | $8.6M | $7.8M | |||||
| TOTAL CURRENT LIABILITIES | $9.0M | $9.0M | |||||
| Long-term operating lease liabilities | $90.0K | ||||||
| Deferred tax liabilities | $2.1M | $2.3M | |||||
| TOTAL LIABILITIES | $11.1M | $11.5M | |||||
| Additional paid-in capital | $437.6M | $406.3M | |||||
| Subscription receivable | -$17.9M | -$17.9M | |||||
| Statutory reserve | $8.0K | $8.0K | |||||
| Accumulated deficit | -$431.4M | -$377.5M | |||||
| Accumulated other comprehensive income | $2.0M | $2.0M | |||||
| TOTAL KAIXIN HOLDINGS' SHAREHOLDERS' EQUITY | $21.9M | $13.2M | |||||
| Non-controlling interests | $1.0K | ||||||
| TOTAL EQUITY | $21.9M | $13.2M | $49.0M | $35.5M | |||
| TOTAL LIABILITIES AND EQUITY | $33.0M | $24.6M | |||||
| Ordinary shares, par value (in dollars per share) | $0.04 | $0.04 | $0.00 | ||||
| Preferred shares, par value (in dollars per share) | $0.00 | ||||||
| Preferred shares, authorized | 333.7K shares | ||||||
| Preferred shares, outstanding | 0 shares | 0 shares | |||||
| Share consolidation ratio | 0 pure | 0 pure | 0 pure | ||||
| Common stock, authorized share capital | $36.5M | $36.5M | $36.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$53.9M | -$41.0M | -$53.6M |
| Depreciation and amortization | $3.9M | $3.9M | $2.5M |
| Fair value change of warrants | -$22.0K | -$210.0K | $208.0K |
| Share-based compensation | $25.4M | $10.9M | $12.0M |
| Foreign currency exchange gain | -$5.0K | -$10.0K | |
| Impairment of other receivables | $8.8M | ||
| Impairment of prepaid expenses and other current assets | $392.0K | $23.3M | |
| Impairment of intangible assets | $16.9M | $0 | $0 |
| Share of equity loss | $41.0K | ||
| Amortization of right-of-use assets | $147.0K | ||
| Provision for dealership settlement | $571.0K | ||
| Provision for sales incentive | $2.7M | ||
| Loss (gain) on disposal of subsidiaries | $7.8M | $23.0M | -$64.0K |
| Financial expenses | $32.0K | ||
| Interest expenses of convertible note in interest method | $3.0K | $331.0K | $493.0K |
| Deferred tax liabilities | -$2.7M | -$931.0K | -$229.0K |
| Inventories | -$35.0K | $35.0K | -$35.0K |
| Prepayment for vehicle purchase and other current assets | $8.0K | $25.0K | $1.7M |
| Amount due from related parties | -$1.5M | ||
| Other non-current assets | -$6.0K | ||
| Accounts payable | -$93.0K | $106.0K | |
| Advances from customers | -$2.0K | $78.0K | |
| Accrued expenses and other current liabilities | -$250.0K | $865.0K | $2.8M |
| Short-term lease liabilities | -$137.0K | -$132.0K | -$28.0K |
| Amount due to related parties | -$56.0K | -$13.0K | -$1.2M |
| Income tax payable | -$68.0K | -$401.0K | -$30.0K |
| Net cash used in operating activities | -$2.6M | -$3.0M | -$2.1M |
| Purchase of property and equipment, net | -$18.0K | -$396.0K | |
| Cash disposed on disposal of subsidiaries | -$24.0K | -$2.7M | |
| Cash acquired on acquisition of a subsidiary | $2.0K | ||
| Proceeds from sales of a subsidiary | $16.0K | ||
| Net cash used in investing activities | -$26.0K | -$3.1M | |
| Proceeds from issuance of ordinary shares and warrant | $3.7M | $1.1M | |
| Repayment of convertible note | -$50.0K | ||
| Borrowings from related parties | $286.0K | ||
| Repayment of borrowings to related parties | -$60.0K | ||
| Borrowings from third parties | $1.1M | ||
| Capital contribution | $499.0K | ||
| Net cash provided by financing activities | $1.0M | $4.5M | $1.0M |
| Effect of exchange rate changes on cash and cash equivalents | $10.0K | -$1.2M | -$790.0K |
| Net changes in cash and cash equivalents | -$1.5M | $303.0K | -$5.0M |
| Issuance of Class A Ordinary Shares to settle Series F preferred shares | $246.0K | $3.4M | |
| Issuance of Series G preferred shares to settle liabilities due to the purchaser of KAG (Note 3) | $2.0M | ||
| Obtaining right-of-use assets in exchange for operating lease liabilities | $328.0K | ||
| Issuance of Class A Ordinary Shares for conversion of convertible notes | $638.0K | $2.1M | $2.0M |
| Issuance of Class A Ordinary Shares for acquisition of a subsidiary | $28.8M | $49.1M | |
| Recognition of intangible assets from acquisition of a subsidiary | $14.0M | ||
| Receivable due from issuance of ordinary shares and warrants in private placements | $17.9M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Kaixin Holdings, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20202025
- Chief executive officerChen Ji May 10, 2019 to May 10, 201910
- Chief executive officerSing Wang Mar 1, 2018 to Apr 22, 201911
- PresidentStephen N. Cannon Oct 30, 2017 to Oct 30, 201712
- Chief financial officerThomas Jintao Ren May 10, 2019 to May 10, 201913
- Chief financial officerStephen N. Cannon Oct 30, 2017 to Oct 30, 201712
- Chief operating officerJinfeng Xie May 10, 2019 to May 10, 201914
Board members and other officers (11)
- Vice President of FinanceSuli Cui May 10, 2019 to May 10, 201915
- Dir. of Investment RelationsKathy Wing Yan Li Oct 25, 2017 to Oct 25, 201716
- Senior Vice PresidentPatrick Kum Loon Ho Oct 25, 2017 to Oct 25, 201717
- Board memberJames Jian Liu May 10, 2019 to May 10, 201918
- Board memberLin Cong May 10, 2019 to May 10, 201919
- Board memberTianruo Pu May 10, 2019 to May 10, 201920
- Board memberSing Wang Mar 1, 2018 to Jul 1, 201911
- Board memberJiong Shao Oct 25, 2017 to Oct 25, 201721
- Board memberMaryann Tzu Wen Tseng Oct 25, 2017 to Oct 25, 201722
- Board memberMichele Smith Oct 25, 2017 to Oct 25, 201723
- Board memberStephen N. Cannon Oct 30, 2017 to Oct 30, 201712
Former names
Timeline
Filings
92 filings to the SEC since October 2021: 7 annual reports, 1 large holders, 84 other. The latest 20:
- Sep 16, 20266-K EDGAR
- Sep 4, 20266-K EDGAR
- Aug 27, 20266-K EDGAR
- Jul 6, 2026EFFECT EDGAR
- Jun 17, 2026F-3/A EDGAR
- Jun 17, 2026S-8 EDGAR
- Apr 10, 20266-K EDGAR
- Apr 7, 202620-F EDGAR
- Feb 23, 20266-K EDGAR
- Feb 5, 20266-K EDGAR
- Jan 9, 20266-K EDGAR
- Dec 15, 2025F-3/A EDGAR
- Dec 2, 20256-K EDGAR
- Nov 25, 20256-K EDGAR
- Nov 24, 2025F-3 EDGAR
- Nov 5, 2025S-8 EDGAR
- Oct 6, 20256-K EDGAR
- Sep 16, 20256-K EDGAR
- Sep 12, 20256-K EDGAR
- Aug 28, 20256-K EDGAR
The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 1 such filings since October 2021:
- Dec 28, 2022SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARKaixin Holdings filings on SEC EDGAR
- 2SEC EDGARKaixin Holdings 10-K for fiscal 2025
- 3SEC EDGARKaixin Holdings filings on SEC EDGAR
- 4SEC EDGARKaixin Holdings 10-K for fiscal 2018
- 5SEC EDGARKaixin Holdings 10-K for fiscal 2019
- 6SEC EDGARKaixin Holdings 10-K for fiscal 2020
- 7SEC EDGARKaixin Holdings 10-K for fiscal 2021
- 8SEC EDGARKaixin Holdings 10-K for fiscal 2022
- 9SEC EDGARKaixin Holdings 10-K for fiscal 2018
- 10SEC EDGARChen Ji, Chief executive officer
- 11SEC EDGARSing Wang, Chief executive officer
- 12SEC EDGARStephen N. Cannon, President
- 13
- 14SEC EDGARJinfeng Xie, Chief operating officer
- 15SEC EDGARSuli Cui, Vice President of Finance
- 16
- 17
- 18SEC EDGARJames Jian Liu, Board member
- 19SEC EDGARLin Cong, Board member
- 20SEC EDGARTianruo Pu, Board member
- 21SEC EDGARJiong Shao, Board member
- 22SEC EDGARMaryann Tzu Wen Tseng, Board member
- 23SEC EDGARMichele Smith, Board member