Kandi Technologies Group, Inc.
KNDI · Price history
Price at last available close
$3.65
−$4.45 (-54.94%) 1M
2026-10-28
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Company & revenue
About Kandi Technologies Group, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Kandi Technologies Group, Inc. is an enterprise focused on the entire lifecycle—from conceptualization and engineering to manufacturing and market distribution—of electric vehicles (EVs) and their crucial components, as well as a diverse range of off-road vehicles. The company conducts its operations both within the People's Republic of China and internationally. Its offerings include various off-road transportation options such as all-terrain vehicles (ATVs), utility vehicles (UTVs), go-karts, electric scooters, and self-balancing electric scooters, along with their related accessories.
How they make money
Kandi Technologies Group, Inc. operates as a technology-driven platform company focused on intelligent equipment. Its business model centers on the development, production, and sale of all-domain intelligent vehicles, alongside the provision of battery swapping equipment and intelligent robotics solutions.
Products & services
The company produces all-domain intelligent vehicles, battery swapping equipment, and intelligent robotics.
Brands & revenue mix
The primary brand under which the company operates its intelligent equipment and vehicle business.
Separate brand revenue is not available in this research.Source
A brand associated with the company's operations, specifically noted as a California corporation subsidiary.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Global intelligent equipment marketSource
Customer concentration
As of December 31, 2025, major customers (defined as those accounting for more than 10% of total revenue) collectively accounted for 60% of the operating subsidiaries' sales.
Suppliers, materials & equipment
- Unnamed — The company discloses that its business is subject to the risk of supplier concentrations, though specific supplier names are not provided in the filing.Source
Strengths
- Strong financial position with $212 million in cash, restricted cash, and time depositsSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
30
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
37
Poor
Financial Strength
52
Business Quality / Moat
50
Management
25
Growth Quality
18
Risk / Durability
12
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Balance-sheet / debt profile scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for KNDI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can KNDI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is KNDI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does KNDI's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for KNDI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify KNDI's current valuation?
Essential Investment Snapshot
Wall Street Score
30
Market Cap
$36.8M
P/E Ratio
-0.7
EPS
$-1.14
52-Week High
$1.35
52-Week Low
$0.48
Beta
0.60
Shares Outstanding
83.6M
Total Revenue
$87.4M
Total Debt
$47.2M
Dividend
No current dividend
Liquidation Value / Share
$3.23
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for KNDI
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-21.9x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on KNDI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strong financial position with $212 million in cash, restricted cash, and time deposits.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Auto - Manufacturers industry.
- −High customer concentration risk.
- −Supplier concentration risk.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
31
Jul 24, 2026
Change
-0.8
points
Current Score
30
Oct 1, 2026
Category Changes
KNDI decreased 0.8 points because Revenue declined by 3.7 points, Capital declined by 5 points.
Negative Contributors
- − Revenue declined by 3.7 points
- − Capital declined by 5 points
Projected Score
Projected Score
27
Projected Change
-3.2 points
Preliminary comparable-period financial changes suggest decline of approximately 3.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$3.65
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.4M | $87.4M | $127.6M | $123.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $50.1M | $50.1M | $88.3M | $82.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $37.3M | $37.3M | $39.3M | $41.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $7.6M | $7.6M | $5.0M | $4.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $71.1M | $71.1M | $78.9M | $48.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $94.5M | $78.7M | $108.1M | $54.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$31.2M | -$35.7M | -$32.8M | $103K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$57.2M | -$41.4M | -$68.8M | -$13.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $1.9M | $2.2M | $1.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$91.6M | -$91.6M | -$56.1M | $3.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $3.9M | $3.9M | -$5.1M | $1.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$93.9M | -$93.9M | -$50.5M | $7K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.14 | $-1.12 | $-0.59 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 82.42M | 83.61M | 82.22M | 78.78M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 82.42M | 83.61M | 86.07M | 79.90M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$25.6M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.58
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-44.3%
Cash Change
-4.8%
Margin Change
-58.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels. Pressure indicators included revenue growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 32.3%. EPS increased 1.8%. Cash declined 4.8%. Total debt declined 44.3%. Net income margin declined by 58.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Auto - ManufacturersNews
Kandi posts higher first-half profit as revenue climbs
Kandi Technologies Group, Inc. (KNDI) Q2 2026 Earnings Call Prepared Remarks Transcript
Kandi Technologies Group Q2 Earnings Call Highlights
Kandi Technologies Group Q2 Earnings Call Highlights
Rumor Mill · KNDI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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