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KAVL logoKaival Brands Innovations Group, Inc.(KAVL)Earnings, Financials & Key Ratios

KAVL•NASDAQ
$0.02
$323496 mkt cap·Price updated May 6, 2026
SectorConsumer DefensiveIndustryTobaccoSub-IndustryNext-generation nicotine devices
AboutKaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.Show more
  • Revenue$47K-99.3%
  • EBITDA-$16M-231.0%
  • Net Income-$17M-148.6%
  • EPS (Diluted)-1.51+6.8%
  • Gross Margin1036.6%+2640.5%
  • EBITDA Margin-34843.24%-48654.6%
  • Operating Margin-36525.96%-43962.8%
  • Net Margin-35616.27%-36515.8%
  • ROE-239.33%-389.0%
  • ROIC-242.75%-633.1%
  • Interest Coverage-1893.53-24097.5%
Technical→

KAVL Key Insights

Kaival Brands Innovations Group, Inc. (KAVL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 3 (bottom 3%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 76.4% over 5 years
  • ✗Shares diluted 100.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KAVL Price & Volume

Kaival Brands Innovations Group, Inc. (KAVL) stock price & volume — 10-year historical chart

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KAVL Growth Metrics

Kaival Brands Innovations Group, Inc. (KAVL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-76.43%
3 Years-84.58%
TTM-91.44%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-52.54%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM34.44%

Return on Capital

10 Years-80.67%
5 Years-112.87%
3 Years-119.4%
Last Year-234.3%

KAVL Peer Comparison

Kaival Brands Innovations Group, Inc. (KAVL) competitors in Next-generation nicotine devices — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
XXII logoXXII22nd Century Group, Inc.Direct Competitor621.21K0.85-63.12%-65.69%-79.16%2.15
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
GNLN logoGNLNGreenlane Holdings, Inc.Direct Competitor310.47K5.18-0.06-67.19%-19.65%-280.96%0.00
CNTX logoCNTXContext Therapeutics Inc.Direct Competitor221.43M2.41-6.34-59.95%0.00
MO logoMOAltria Group, Inc.Product Competitor117.32B70.1717.07-1.49%36.91%
PM logoPMPhilip Morris International Inc.Product Competitor265.78B170.5323.497.31%26.74%
BTI logoBTIBritish American Tobacco p.l.c.Product Competitor129.16B59.5632.23-5.19%-20.75%-22.78%0.74
IIPR logoIIPRInnovative Industrial Properties, Inc.Supply Chain1.65B57.6914.68-13.8%45.58%6.41%0.21

Compare KAVL vs Peers

Kaival Brands Innovations Group, Inc. (KAVL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs XXII

Most directly comparable listed peer for KAVL.

Scale Benchmark

vs PM

Larger-name benchmark to compare KAVL against a more recognizable public peer.

Peer Set

Compare Top 5

vs XXII, TPVG, GNLN, CNTX

KAVL Income Statement

Kaival Brands Innovations Group, Inc. (KAVL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemOct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Sales/Revenue0064.31M58.78M12.76M13.09M6.89M46.76K332.02K
Revenue Growth %----8.61%-78.29%2.55%-47.38%-99.32%-91.44%
Cost of Goods Sold0054.26M46.84M11.52M10.51M4.28M-437.91K388.64K
COGS % of Revenue--84.36%79.7%90.28%80.32%62.16%-936.6%-
Gross Profit
0▲ 0%
0▲ 0%
10.06M▲ 0%
11.93M▲ 18.6%
1.24M▼ 89.6%
2.58M▲ 107.5%
2.6M▲ 1.2%
484.66K▼ 81.4%
282.06K▲ 0%
Gross Margin %--15.64%20.3%9.72%19.68%37.82%1036.6%84.95%
Gross Profit Growth %---18.64%-89.6%107.49%1.17%-81.39%-
Operating Expenses4.38K68.85K4.7M22.4M15.63M13.24M8.31M17.56M4.52M
OpEx % of Revenue--7.31%38.12%122.48%101.15%120.72%37562.56%-
Selling, General & Admin4.38K68.85K4.7M22.4M15.63M13.24M8.31M7.29M3.72M
SG&A % of Revenue--7.31%38.12%122.48%101.15%120.72%15585.48%-
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses000000010.28M796K
Operating Income
-4.38K▲ 0%
-68.85K▼ 1473.3%
5.36M▲ 7885.2%
-10.47M▼ 295.3%
-14.39M▼ 37.4%
-10.66M▲ 25.9%
-5.71M▲ 46.5%
-17.08M▼ 199.1%
-2.73M▲ 0%
Operating Margin %--8.33%-17.81%-112.76%-81.49%-82.9%-36525.96%-821.15%
Operating Income Growth %--1473.33%7885.15%-295.32%-37.44%25.89%46.46%-199.14%-
EBITDA21.88K05.36M0-14.26M-10.34M-4.92M-16.29M-2.14M
EBITDA Margin %--8.33%--111.72%-78.98%-71.47%-34843.24%-643.45%
EBITDA Growth %--100%--100%-27.5%52.38%-230.99%70.67%
D&A (Non-Cash Add-back)26.26K68.85K010.47M132.89K328.3K787.09K786.76K589.98K
EBIT-4.38K-68.85K5.36M-10.47M-14.39M-10.66M-5.95M-16.64M-12.56M
Net Interest Income001.05K3954-467K-730K-9.02K-4.93K
Interest Income001.05K39540000
Interest Expense00000466.52K729.56K9.02K4.93K
Other Income/Expense001.05K3954-466.65K-970.34K428.89K-9.05M
Pretax Income
-4.38K▲ 0%
-68.85K▼ 1473.3%
5.36M▲ 7886.6%
-10.47M▼ 295.3%
-14.39M▼ 37.4%
-11.13M▲ 22.6%
-6.68M▲ 40.0%
-16.65M▼ 149.3%
-13.19M▲ 0%
Pretax Margin %--8.34%-17.81%-112.76%-85.05%-96.98%-35608.66%-3972.59%
Income Tax001.51M-1.44M-18.32K2.35K19.66K18.94K0
Effective Tax Rate %0%0%28.26%13.71%0.13%-0.02%-0.29%-0.11%0%
Net Income
-4.38K▲ 0%
-68.85K▼ 1473.3%
3.85M▲ 5686.1%
-9.03M▼ 334.9%
-14.37M▼ 59.1%
-11.13M▲ 22.5%
-6.7M▲ 39.8%
-16.65M▼ 148.6%
-13.19M▲ 0%
Net Margin %--5.98%-15.37%-112.61%-85.07%-97.27%-35616.27%-3972.59%
Net Income Growth %--1473.33%5686.14%-334.87%-59.08%22.53%39.83%-148.58%-52.54%
Net Income (Continuing)-4.38K-68.85K3.85M-9.03M-14.37M-11.13M-6.7M-16.67M-13.19M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-0.00▲ 0%
-0.03▼ 1494.7%
1.88▲ 6304.6%
-7.90▼ 520.2%
-7.60▲ 3.8%
-4.13▲ 45.7%
-1.62▲ 60.8%
-1.51▲ 6.8%
-1.01▲ 0%
EPS Growth %--6304.62%-520.21%3.8%45.66%60.77%6.79%34.44%
EPS (Basic)-0.00-0.031.88-7.90-7.60-4.13-1.62-1.51-
Diluted Shares Outstanding2.27M2.27M2.05M1.14M1.89M2.72M4.31M11.03M13.11M
Basic Shares Outstanding2.27M2.27M2.05M1.14M1.89M2.72M4.31M11.03M13.11M
Dividend Payout Ratio---------

KAVL Balance Sheet

Kaival Brands Innovations Group, Inc. (KAVL) balance sheet — assets, liabilities & shareholders' equity

Line itemOct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Total Current Assets008.85M30.13M9.07M6.91M4.51M669.26K931.43K
Cash & Short-Term Investments007.42M7.76M3.69M533.66K3.9M534.41K797.5K
Cash Only007.42M7.76M3.69M533.66K3.9M534.41K797.5K
Short-Term Investments000000000
Accounts Receivable001.42M1.99M3.72M1.87M263.57K120K120K
Days Sales Outstanding--8.0412.33106.4452.1313.97936.8118.18
Inventory006.38K15.33M1.24M4.07M000
Days Inventory Outstanding--0.04119.4239.28141.38---
Other Current Assets0004.74M000013.93K
Total Non-Current Assets0070.13K55.6K3.36M12.48M11.49M00
Property, Plant & Equipment0070.13K55.6K1.2M1.01M812.18K00
Fixed Asset Turnover--917.03x1057.05x10.64x12.94x8.48x--
Goodwill000000000
Intangible Assets0000011.47M10.68M00
Long-Term Investments00002.16M0000
Other Non-Current Assets000000000
Total Assets
0▲ 0%
0▲ 0%
8.92M▲ 0%
30.19M▲ 238.6%
12.44M▼ 58.8%
19.39M▲ 55.9%
16M▼ 17.4%
669.26K▼ 95.8%
931.43K▲ 0%
Asset Turnover--7.21x1.95x1.03x0.68x0.43x0.07x0.05x
Asset Growth %---238.64%-58.8%55.87%-17.44%-95.82%-235.57%
Total Current Liabilities3K44.89K4.44M13.82M1.59M4.96M1.53M569.29K434.36K
Accounts Payable001.41M12.91M40.02K2.85M57.5K349.29K339.36K
Days Payables Outstanding--9.48100.61.2798.934.9-291.14247.09
Short-Term Debt0011.71K00799.47K207.62K00
Deferred Revenue (Current)00623.1K316.8K280.25K392.41K000
Other Current Liabilities001.32M000050K434.36K
Current Ratio--1.99x2.18x5.72x1.39x2.95x1.18x1.18x
Quick Ratio--1.99x1.07x4.94x0.57x2.95x1.18x1.18x
Cash Conversion Cycle---1.431.15144.4594.59---128.91
Total Non-Current Liabilities0059.2K46.19K1.05M866.21K662.27K00
Long-Term Debt000000000
Capital Lease Obligations0059.2K46.19K1.05M866.21K662.27K01.11M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities000000000
Total Liabilities3K44.89K4.5M13.87M2.64M5.83M2.19M569.29K434.36K
Total Debt0070.91K59.2K1.22M1.85M1.07M00
Net Debt00-7.35M-7.7M-2.47M1.32M-2.83M-534.41K-797.5K
Debt / Equity--0.02x0.00x0.12x0.14x0.08x-0.00x
Debt / EBITDA--0.01x------0.00x
Net Debt / EBITDA---1.37x-----0.37x
Interest Coverage------22.86x-7.83x-1893.53x-2550.01x
Total Equity
-3K▲ 0%
-44.89K▼ 1396.2%
4.42M▲ 9941.8%
16.32M▲ 269.5%
9.8M▼ 40.0%
13.56M▲ 38.3%
13.82M▲ 1.9%
99.97K▼ 99.3%
497.07K▲ 0%
Equity Growth %--1396.2%9941.84%269.53%-39.96%38.33%1.91%-99.28%-212.95%
Book Value per Share-0.00-0.022.1614.285.184.983.200.010.04
Total Shareholders' Equity-3K-44.89K4.42M16.32M9.8M13.56M13.82M99.97K497.07K
Common Stock572.37K572.37K277.28K30.2K56.17K2.79K8.52K11.59K13.54K
Retained Earnings-4.38K-73.22K3.77M-5.26M-19.63M-30.76M-37.46M-54.09M-54.71M
Treasury Stock000000000
Accumulated OCI-570.99K-544.03K0000000
Minority Interest000000000

KAVL Cash Flow Statement

Kaival Brands Innovations Group, Inc. (KAVL) cash flow — operating, investing & free cash flow history

Line itemOct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash from Operations026.96K7.6M-9.31M-5.71M-2.97M-672.63K-2.77M-2.77M
Operating CF Margin %--11.82%-15.85%-44.71%-22.72%-9.77%-5930.47%-
Operating CF Growth %--28092.79%-222.52%38.74%47.88%77.38%-312.23%-191.02%
Net Income-26.26K-68.85K3.85M-9.03M-14.37M-11.13M-6.7M-16.63M-13.19M
Depreciation & Amortization003.62K14.53K132.89K328.3K787.09K786.76K589.98K
Stock-Based Compensation8.26K26.96K796.59K11.22M6.28M3.39M170.23K2.87M2.44K
Deferred Taxes00-3.62K00-584.45K000
Other Non-Cash Items026.96K7800259.56K1.77M743.63K10.02M9.89M
Working Capital Changes18K41.89K2.96M-11.52M1.99M3.26M4.33M172K91.28K
Change in Receivables00-1.42M-568.26K1.41M3.97M1.58M143.57K86.86K
Change in Inventory00-6.38K-15.32M13.83M-3.32M4.01M00
Change in Payables001.41M11.5M-12.87M2.81M-1.38M170.83K334.7K
Cash from Investing00000-315.77K000
Capital Expenditures00000-3.48K000
CapEx % of Revenue--0%--0.03%---
Acquisitions00000-312.29K000
Investments---------
Other Investing000000000
Cash from Financing00-179.92K9.72M1.57M136.79K4.04M-595.1K989.29K
Debt Issued (Net)00000136.79K-1.6M-214.4K-50.45K
Equity Issued (Net)00-179.92K1000K1000K01000K24.29K24.29K
Dividends Paid000000-270K-405K0
Share Repurchases00-179.92K000000
Other Financing0001.41M-59.86K0-87.8K01.02M
Net Change in Cash
0▲ 0%
26.96K▲ 0%
7.42M▲ 27425.5%
403.53K▼ 94.6%
-4.14M▼ 1125.8%
-3.15M▲ 23.8%
3.37M▲ 206.9%
-3.37M▼ 200.0%
-1.63M▲ 0%
Free Cash Flow
0▲ 0%
26.96K▲ 0%
7.6M▲ 28092.8%
-9.31M▼ 222.5%
-5.71M▲ 38.7%
-2.98M▲ 47.8%
-672.63K▲ 77.4%
-2.77M▼ 312.2%
-2.62M▲ 0%
FCF Margin %--11.82%-15.85%-44.71%-22.75%-9.77%-5930.47%-788.92%
FCF Growth %--28092.79%-222.52%38.74%47.82%77.4%-312.23%-43.67%
FCF per Share-0.013.71-8.15-3.02-1.09-0.16-0.25-0.25
FCF Conversion (FCF/Net Income)--0.39x1.98x1.03x0.40x0.27x0.10x0.17x0.20x
Interest Paid000000004.09K
Taxes Paid00182.93K1.64M00000

KAVL Key Ratios

Kaival Brands Innovations Group, Inc. (KAVL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025TTM
Return on Equity (ROE)-175.91%-87.1%-110.01%-95.33%-48.95%-239.33%-247.42%
Return on Invested Capital (ROIC)---275.98%-135.28%-72.04%-33.11%-242.75%-242.75%
Gross Margin-15.64%20.3%9.72%19.68%37.82%1036.6%84.95%
Net Margin-5.98%-15.37%-112.61%-85.07%-97.27%-35616.27%-3972.59%
Debt / Equity-0.02x0.00x0.12x0.14x0.08x-0.00x
Interest Coverage-----22.86x-7.83x-1893.53x-2550.01x
FCF Conversion-0.39x1.98x1.03x0.40x0.27x0.10x0.17x0.20x
Revenue Growth---8.61%-78.29%2.55%-47.38%-99.32%-91.44%

KAVL Frequently Asked Questions

Kaival Brands Innovations Group, Inc. (KAVL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kaival Brands Innovations Group, Inc. (KAVL) reported $0.3M in revenue for fiscal year 2025.

Kaival Brands Innovations Group, Inc. (KAVL) saw revenue decline by 99.3% over the past year.

Kaival Brands Innovations Group, Inc. (KAVL) reported a net loss of $13.2M for fiscal year 2025.

Dividend & Returns

Yes, Kaival Brands Innovations Group, Inc. (KAVL) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Kaival Brands Innovations Group, Inc. (KAVL) has a return on equity (ROE) of -239.3%. Negative ROE indicates the company is unprofitable.

Kaival Brands Innovations Group, Inc. (KAVL) had negative free cash flow of $2.6M in fiscal year 2025, likely due to heavy capital investments.

Explore More KAVL

Kaival Brands Innovations Group, Inc. (KAVL) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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