Company research
Kaixin Holdings
CIK 1713539Updated Sep 25, 2026
SecurityKXIN · NASDAQ · equity
Name history
Kaixin Auto Holdings · through Apr 9, 2024CM Seven Star Acquisition Corp · through May 1, 2019
KXIN price & chart
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NASDAQ:KXIN on TradingView ↗In the news
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Seeking Alpha
Kaixin announces 1-for-15 share consolidation ↗
Most and least shorted consumer discretionary stocks with up to $2B market cap as of end-Feb ↗
SEC disclosures
Kaixin Holdings IPO declared effective by SEC ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 33,016,000Source | 24,645,000Source | 67,633,000Source | 55,682,000Source |
| Property, Plant and Equipment, NetUSD | 236,000Source | 310,000Source | 403,000Source | 49,000Source |
| GoodwillUSD | 21,237,000Source | — | 38,201,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 859,000Source | 2,388,000Source | 2,085,000Source | 7,102,000Source |
| Inventory, NetUSD | 66,000Source | 29,000Source | 65,000Source | 31,000Source |
| Assets, CurrentUSD | 1,022,000Source | 2,974,000Source | 4,202,000Source | 42,302,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 97,000Source | 557,000Source | 597,000Source | 26,321,000Source |
| Operating Lease, Right-of-Use AssetUSD | 108,000Source | 255,000Source | 389,000Source | 428,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,088,000Source | 11,471,000Source | 18,616,000Source | 20,179,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 3,000Source |
| Common Stock, Value, IssuedUSD | — | — | 37,000Source | 11,000Source |
| Additional Paid in CapitalUSD | 437,639,000Source | 406,344,000Source | 399,117,000Source | 312,831,000Source |
| Retained Earnings (Accumulated Deficit)USD | -431,450,000Source | -377,543,000Source | -336,571,000Source | -283,008,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,970,000Source | 1,963,000Source | 890,000Source | 1,470,000Source |
| Stockholders' Equity Attributable to ParentUSD | 21,928,000Source | 13,173,000Source | 45,583,000Source | 31,315,000Source |
| Liabilities and EquityUSD | 33,016,000Source | 24,645,000Source | 67,633,000Source | 55,682,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,963,000Source | 9,048,000Source | 15,115,000Source | 19,868,000Source |
| Operating Lease, Liability, CurrentUSD | 94,000Source | 141,000Source | 126,000Source | 119,000Source |
| Accounts Payable, CurrentUSD | 233,000Source | — | — | — |
| Operating Lease, Liability, NoncurrentUSD | — | 90,000Source | 238,000Source | 311,000Source |
| Deferred Income Tax Liabilities, NetUSD | 2,125,000Source | 2,333,000Source | 3,263,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 1,000Source | 3,434,000Source | 4,188,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 392,000Source | 494,000Source | 587,000Source | 2,215,000Source |
| Deferred Tax Liabilities, NetUSD | 2,125,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -53,908,000Source | -40,980,000Source | -53,554,000Source | -84,619,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,891,000Source | 3,942,000Source | 2,482,000Source | 1,681,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 25,405,000Source | 10,856,000Source | 11,968,000Source | 39,310,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 35,000Source | -35,000Source | 35,000Source | -373,000Source |
| Deferred Income Tax Expense (Benefit)USD | -2,733,000Source | -931,000Source | 229,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,583,000Source | -3,020,000Source | -2,108,000Source | -2,394,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -26,000Source | -3,134,000Source | -156,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 18,000Source | 396,000Source | 59,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,044,000Source | 4,510,000Source | 1,015,000Source | 5,406,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,529,000Source | 303,000Source | -5,017,000Source | 1,839,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 859,000Source | 2,388,000Source | 2,085,000Source | 7,102,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 362,000Source |
| Income Taxes Paid, NetUSD | — | — | — | -26,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,807,000Source | 3,723,000Source | 2,436,000Source | 1,531,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 5,000Source | 7,000Source | -10,000Source | -139,000Source |
| General and Administrative ExpenseUSD | 31,630,000Source | 18,178,000Source | 18,013,000Source | 46,488,000Source |
| GoodwillUSD | 21,237,000Source | — | 38,201,000Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | 16,946,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -41,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | -2,733,000Source | -931,000Source | -228,000Source | 74,000Source |
| InterestExpenseNonoperatingUSD | 7,000Source | 342,000Source | — | — |
| Inventory Write-downUSD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -53,907,000Source | -40,972,000Source | -53,563,000Source | -84,706,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,000Source | -8,000Source | 9,000Source | 87,000Source |
| Nonoperating Income (Expense)USD | -25,049,000Source | -22,770,000Source | -32,798,000Source | — |
| Operating ExpensesUSD | 31,721,000Source | 19,141,000Source | 21,326,000Source | 48,585,000Source |
| Operating Lease, ExpenseUSD | 161,000Source | 158,000Source | 160,000Source | 133,000Source |
| Other Nonoperating Income (Expense)USD | 110,000Source | 392,000Source | -9,000Source | 728,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 129,000Source | — | 31,535,000Source | 82,840,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -31,592,000Source | -19,141,000Source | -20,984,000Source | -47,939,000Source |
| Other Nonoperating Income (Expense)USD | 110,000Source | 392,000Source | -9,000Source | 728,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -56,641,000Source | -41,911,000Source | -53,782,000Source | -84,545,000Source |
| Income Tax Expense (Benefit)USD | -2,733,000Source | -931,000Source | -228,000Source | 74,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -1,000Source | -8,000Source | 9,000Source | 87,000Source |
| Net Income (Loss) Attributable to ParentUSD | -53,907,000Source | -40,972,000Source | -53,563,000Source | -84,706,000Source |
| Earnings Per Share, BasicUSD per share | -24.2Source | -26.05Source | -2.34Source | -0Source |
| Earnings Per Share, DilutedUSD per share | -24.2Source | -26.05Source | -2.34Source | -0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,227,765Source | 1,572,546Source | 22,883,555Source | 200,167,152Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,227,765Source | 1,572,546Source | 22,883,555Source | 200,167,152Source |
| Interest Expense (non-operating)USD | 7,000Source | 342,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,807,000Source | 3,723,000Source | 2,436,000Source | 1,531,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | 1,000Source | -74,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 5,000Source | 7,000Source | -10,000Source | -139,000Source |
| General and Administrative ExpenseUSD | 31,630,000Source | 18,178,000Source | 18,013,000Source | 46,488,000Source |
| Gross ProfitUSD | 129,000Source | — | 342,000Source | 646,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -41,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 525,000Source | 1,034,000Source |
| Interest Expense, DebtUSD | — | — | 525,000Source | — |
| Nonoperating Income (Expense)USD | -25,049,000Source | -22,770,000Source | -32,798,000Source | — |
| Operating ExpensesUSD | 31,721,000Source | 19,141,000Source | 21,326,000Source | 48,585,000Source |
| Operating Lease, ExpenseUSD | 161,000Source | 158,000Source | 160,000Source | 133,000Source |
| Selling and Marketing ExpenseUSD | 91,000Source | 963,000Source | 3,313,000Source | 2,097,000Source |