Kandi Technologies Group (KNDI) Cash Flow: Operating & Free Cash Flow

Kandi Technologies Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Kandi Technologies Group, Inc. (KNDI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Operating Activities
Net Income	-95.57	-50.95	1.67	-12.85	22.86	-10.39	-7.19	-5.69	-28.35
Depreciation & Amortization	5.70	12.02	11.91	12.43	10.04	8.14	8.20	4.33	4.78
Deferred Income Tax	3.74	-6.14	0.20	-0.46	4.07	-5.35	-1.07	4.82	-5.45
Stock Based Compensation	7.12	7.11	11.06	1.93	1.48	0.90	1.36	0.29	5.19
Change in Working Capital	159.37	-25.96	-126.44	31.84	27.35	-47.76	-38.85	-4.62	8.31
Change in Accounts Receivable	4.26	101.58	-113.43	-21.17	-2.54	19.25	-38.85	-177.44	-41.99
Change in Inventory	25.65	-11.58	-21.53	-9.15	-7.52	-27.08	-6.46	-5.24	-3.31
Change in Accounts Payable	54.28	79.04	38.60	62.59	12.84	-30.99	10.44	137.39	66.78
Change in Other Working Capital	33.80	-197.74	-25.97	-0.44	-2.83	-8.18	-3.99	40.67	-13.18
Other Operating Activities	20.19	39.96	0.64	-1.40	-2.83	-4.78	7.66	14.48	12.31
Net Cash from Operating Activities	96.81	-17.82	-101.16	31.48	0.24	-50.88	-29.89	13.59	-3.21
Investing Activities
Capital Expenditures	-0.47	-0.93	-13.25	-3.82	-19.14	-14.90	-0.60	-1.11	-1.88
Acquisitions	-0.71	-0.16	0.28	0.76	-7.12	42.90	31.85	-3.07	0.00
Purchases of Investments	-77.00	26.82	45.24	-31.21	-54.37	42.85	0.00	0.00	4.59
Sales/Maturities of Investments	0.00	27.83	45.24	0.00	79.54	-3.28	0.00	1.44	4.59
Other Investing Activities	-75.14	0.00	0.00	-0.76	52.73	23.20	0.00	1.69	-5.00
Net Cash from Investing Activities	-77.47	25.72	32.28	-35.03	22.21	51.15	31.25	-0.95	2.71
Financing Activities
Debt Repayment	-5.71	-2.28	-0.05	2.41	3.16	-79.67	-4.49	-5.30	-9.81
Common Stock Issued	0.00	0.00	3.45	0.00	0.00	181.08	0.00	0.00	0.00
Common Stock Repurchased	0.00	-3.92	-0.51	-7.50	-2.41	0.00	-2.49	0.00	0.00
Other Financing Activities	-0.71	0.00	3.45	0.76	0.00	29.16	0.00	0.00	0.00
Net Cash from Financing Activities	-14.55	22.51	14.83	-4.33	0.75	126.45	-6.98	-5.30	-7.30
Summary
Effect of Forex Changes on Cash	3.40	-3.20	-3.36	-9.75	2.96	-0.71	-0.23	-1.10	0.46
Net Change in Cash	8.19	27.21	-57.41	-17.64	23.20	126.72	-5.84	6.24	-7.34
Cash at Beginning of Period	120.84	93.63	151.04	168.68	142.52	16.51	22.35	16.11	12.24
Cash at End of Period	129.03	120.84	93.63	151.04	168.68	142.52	16.51	22.35	4.89
Free Cash Flow	96.34	-18.76	-114.41	27.66	-18.90	-65.79	-30.48	12.48	-5.09
Supplemental Disclosures
Interest Paid	-	1.74	0.97	0.35	0.04	0.65	-	-	-
Income Taxes Paid	-	0.86	0.31	0.35	2.07	1.05	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Kandi Technologies Group Cash Flow

What is Kandi Technologies Group's free cash flow?

Kandi Technologies Group generated free cash flow of $96.34M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $96.81M minus $470.72K of capital expenditures. Free cash flow equaled 110.2% of revenue.

How much does Kandi Technologies Group spend on capital expenditures?

Kandi Technologies Group spent $470.72K on capital expenditures in fiscal 2025, compared with $934.99K a year earlier. That equals 0.5% of operating cash flow.

Does Kandi Technologies Group pay dividends or buy back shares?

Kandi Technologies Group's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition