Company research
Xiao-I Corp
CIK 1935172Updated Sep 24, 2026
SecurityAIXI · NASDAQ · adr
AIXI price & chart
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NASDAQ:AIXI on TradingView ↗In the news
Xiao-I Corporation Announces Plan to Implement ADS Ratio Change ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 15,901,131Source | 85,511,474Source | 66,334,231Source | 60,584,144Source |
| Property, Plant and Equipment, NetUSD | 141,805Source | 1,867,736Source | 2,125,629Source | 219,470Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 114,442Source | 143,370Source | 212,445Source | 637,114Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,319,453Source | 846,593Source | 1,564,542Source | 1,026,245Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,309,476Source | 55,543,017Source | 28,326,985Source | 41,362,705Source |
| Inventory, NetUSD | — | 14,362Source | 67,826Source | 768,216Source |
| Assets, CurrentUSD | 11,927,216Source | 76,492,016Source | 38,054,517Source | 48,423,420Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,323,636Source | 792,732Source | 5,233,553Source | 460,854Source |
| Operating Lease, Right-of-Use AssetUSD | 61,981Source | 833,030Source | 2,431,475Source | 865,399Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 120,765,059Source | 101,279,447Source | 74,801,093Source | 69,568,303Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 185Source | 185Source | 185Source | — |
| Common Stock, Value, IssuedUSD | 2,762Source | 1,598Source | 1,201Source | 1,106Source |
| Additional Paid in CapitalUSD | 130,134,778Source | 115,745,140Source | 108,729,047Source | 75,621,294Source |
| Retained Earnings (Accumulated Deficit)USD | -226,559,555Source | -125,338,509Source | -110,833,045Source | -78,483,156Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -4,370,415Source | -2,848,314Source | -2,998,562Source | -3,262,666Source |
| Stockholders' Equity Attributable to ParentUSD | -100,554,759Source | -12,202,414Source | -4,863,688Source | -5,885,936Source |
| Liabilities and EquityUSD | 15,901,131Source | 85,511,474Source | 66,334,231Source | 60,584,144Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 103,288,441Source | 86,603,467Source | 57,662,379Source | 52,611,674Source |
| Operating Lease, Liability, CurrentUSD | 40,098Source | 483,658Source | 929,755Source | 435,462Source |
| Accounts Payable, CurrentUSD | 39,197,211Source | 27,131,439Source | 13,674,339Source | 9,180,532Source |
| Operating Lease, Liability, NoncurrentUSD | 18,390Source | 295,962Source | 1,473,950Source | 300,974Source |
| Other Liabilities, NoncurrentUSD | — | — | 4,634,577Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -4,309,169Source | -3,565,559Source | -3,603,174Source | -3,098,223Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,970,820Source | 3,058,872Source | 2,022,415Source | — |
| Deferred Revenue, CurrentUSD | — | — | — | 2,553,808Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | 3,383,770Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,387,082Source | 2,534,490Source | — | 3,303,986Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,387,082Source | — | — | — |
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 | -101,826,419Source | -14,551,328Source | -27,005,768Source | -6,005,314Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 120,850Source | 539,935Source | 692,775Source | 182,269Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,877,334Source | 1,560,527Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -3,457,418Source | 30,428,887Source | -11,107,280Source | 15,012,712Source |
| Increase (Decrease) in InventoriesUSD | -14,362Source | -52,407Source | -122,761Source | 2,130,389Source |
| Increase (Decrease) in Accounts PayableUSD | 12,065,772Source | 14,075,170Source | 4,767,425Source | 4,123,775Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 3,787,692Source | 660,653Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,688,864Source | -15,138,249Source | -15,789,498Source | -10,923,346Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 42,087Source | -468,571Source | -20,059,814Source | -2,856,416Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 41,739Source | 368,171Source | 2,164,442Source | 106,814Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 5,719,535Source | 15,839,701Source | 36,473,075Source | 13,506,600Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,589,726Source | -717,949Source | 538,297Source | -285,601Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,436,319Source | 846,593Source | 1,564,542Source | 1,026,245Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,075,537Source | 1,613,858Source | 3,799,202Source | 609,451Source |
| Income Taxes Paid, NetUSD | — | — | — | 2Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -483,032Source | -950,830Source | -85,466Source | -12,439Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 5,795,923Source | 1,560,527Source | — | — |
| Amortization of Intangible AssetsUSD | 34,254Source | 49,604Source | 448,747Source | — |
| Deferred Other Tax Expense (Benefit)USD | — | — | 3,787,692Source | 660,653Source |
| DepreciationUSD | 86,596Source | 490,331Source | 244,028Source | 78,831Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -148,086Source | 3,864Source | 2,789Source | -68,902Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -1,677,367Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | — | -81,618Source | 75,542Source | -143,181Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,761,193Source | -80,542Source | -3,442Source | — |
| Gain (Loss) on Termination of LeaseUSD | — | -19,654Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -417,331Source | -195,773Source | — | — |
| General and Administrative ExpenseUSD | 76,555,497Source | 22,940,916Source | 4,407,215Source | 6,028,637Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 557,518Source | 154,664Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -81,618Source | -155,734Source | -143,181Source |
| Income Tax Expense (Benefit)USD | — | — | 3,787,692Source | 660,655Source |
| Induced Conversion of Convertible Debt ExpenseUSD | — | — | — | 686,022Source |
| Inventory Write-downUSD | — | — | 557,518Source | 154,664Source |
| Net Income (Loss) Attributable to ParentUSD | -101,221,046Source | -14,505,464Source | -26,461,807Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -605,373Source | -45,864Source | -543,961Source | -106,779Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -5,898,535Source |
| Nonoperating Income (Expense)USD | -5,223,339Source | -1,680,294Source | -1,295,894Source | -2,208,880Source |
| Operating ExpensesUSD | 102,082,064Source | 60,920,581Source | 61,345,752Source | 33,941,593Source |
| Operating Lease, ExpenseUSD | 181,261Source | 670,268Source | 720,959Source | 790,856Source |
| Other Nonoperating Income (Expense)USD | 2,297,920Source | 717,280Source | — | — |
| Payments of Financing CostsUSD | — | — | — | 1,364,169Source |
| Payments to Acquire InvestmentsUSD | — | — | 917,962Source | — |
| Proceeds from Issuance of Common StockUSD | — | 980,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 1,387,082Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 12,327,684Source | 70,314,315Source | 59,165,259Source | 48,184,958Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | 71,861Source | — | 48,184,958Source |
| Cost of RevenueUSD | — | — | — | 17,379,144Source |
| Operating Income (Loss)USD | -96,603,080Source | -12,871,034Source | -21,922,182Source | -3,135,779Source |
| Other Nonoperating Income (Expense)USD | 2,297,920Source | 717,280Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -101,826,419Source | -14,551,328Source | -23,218,076Source | -5,344,659Source |
| Income Tax Expense (Benefit)USD | — | — | 3,787,692Source | 660,655Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -605,373Source | -45,864Source | -543,961Source | -106,779Source |
| Net Income (Loss) Attributable to ParentUSD | -101,221,046Source | -14,505,464Source | -26,461,807Source | — |
| Earnings Per Share, BasicUSD per share | -2.44Source | -0.56Source | -1.12Source | -0.27Source |
| Earnings Per Share, DilutedUSD per share | -2.44Source | -0.56Source | -1.12Source | -0.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,506,534Source | 25,760,207Source | 23,646,003Source | 22,115,592Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 41,506,534Source | 25,760,207Source | 23,646,003Source | 22,115,592Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 34,254Source | 49,604Source | 448,747Source | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | 2Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -148,086Source | 3,864Source | 2,789Source | -68,902Source |
| Gain (Loss) on InvestmentsUSD | — | -81,618Source | 75,542Source | -143,181Source |
| General and Administrative ExpenseUSD | 76,555,497Source | 22,940,916Source | 4,407,215Source | 6,028,637Source |
| Gross ProfitUSD | 5,478,984Source | 48,049,547Source | 39,423,570Source | 30,805,814Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -81,618Source | -155,734Source | -143,181Source |
| Interest Expense, DebtUSD | 453,004Source | 258,646Source | 633,942Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -5,898,535Source |
| Nonoperating Income (Expense)USD | -5,223,339Source | -1,680,294Source | -1,295,894Source | -2,208,880Source |
| Operating ExpensesUSD | 102,082,064Source | 60,920,581Source | 61,345,752Source | 33,941,593Source |
| Operating Lease, ExpenseUSD | 181,261Source | 670,268Source | 720,959Source | 790,856Source |
| Other ExpensesUSD | — | — | — | 891,931Source |
| Other IncomeUSD | 367,723Source | 541,498Source | 966,899Source | 216,893Source |
| Research and Development ExpenseUSD | 24,456,422Source | 34,658,779Source | 52,387,540Source | 24,001,138Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 12,327,684Source | 70,314,315Source | 59,165,259Source | 48,184,958Source |
| Selling ExpenseUSD | 1,070,145Source | 3,320,886Source | 4,550,997Source | 3,911,818Source |