Kandi Technologies Group, Inc. (KNDI) Revenue History
Annual and quarterly revenue from 2004 to present
KNDI Revenue Over Time (2004–2025)
KNDI Revenue Growth History
12 of 18 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +16.7%
- FY2009 revenue growth
- -16.5%
- FY2010 revenue growth
- +26.8%
- FY2011 revenue growth
- -6.3%
- FY2012 revenue growth
- +60.6%
- FY2013 revenue growth
- +46.5%
- FY2014 revenue growth
- +80.1%
- FY2015 revenue growth
- +18.1%
- FY2016 revenue growth
- -35.6%
- FY2017 revenue growth
- -20.6%
- FY2018 revenue growth
- +9.4%
- FY2019 revenue growth
- +20.7%
- FY2020 revenue growth
- -43.3%
- FY2021 revenue growth
- +18.9%
- FY2022 revenue growth
- +28.8%
- FY2023 revenue growth
- +4.9%
- FY2024 revenue growth
- +3.2%
- FY2025 revenue growth
- -31.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $18.1M | -53.7% |
| Q1 2025 | $18.1M | -39.3% |
| Q4 2024 | $37.8M | +33.3% |
| Q3 2024 | $29.9M | -17.8% |
| Q2 2024 | $39.1M | +8.9% |
| Q1 2024 | $29.9M | +30.8% |
| Q4 2023 | $28.4M | -26.2% |
| Q3 2023 | $36.4M | +8.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
KNDI's revenue distribution by segment and geography
By Geography
KNDI Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 23, 2026, Kandi Technologies Group, Inc. (KNDI) generated trailing twelve-month (TTM) revenue of $104.0 million, reflecting significant decline in growth of -53.7% year-over-year. The most recent quarter (Q2 2025) recorded $18.1 million in revenue, up 0.0% sequentially.
Historical Growth Trajectory
KNDI's 5-year compound annual growth rate (CAGR) stands at +2.6%, indicating moderate growth over time. The 3-year CAGR of -9.5% is below the 5-year average, signalling a growth deceleration in recent years. Kandi Technologies Group, Inc.'s highest annual revenue of $201.1 million was recorded in 2015.
Peer Comparison
Compared to Consumer Cyclical sector peers — including WKHS (+320.7% YoY), NIO (+30.4% YoY), and XPEV (+66.4% YoY) — KNDI has underperformed the peer group in revenue growth. Compare KNDI vs WKHS →
KNDI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KNDICurrent | $104M | -53.7% | +2.6% | -47.3% | |
 WKHS | $21M | +320.7% | +72.4% | -223.7% | |
 NIO | $85.1B | +30.4% | +39.2% | -16.9% | |
 XPEV | $74.6B | +66.4% | +66.4% | -5.8% | |
 LI | $109.3B | -21.3% | +65.0% | -0.9% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% |
KNDI Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $87.4M | -31.5% | $37.3M | 42.6% | $-41,396,919 | -47.3% |
| 2024 | $127.6M | +3.2% | $39.3M | 30.8% | $-68,781,921 | -53.9% |
| 2023 | $123.6M | +4.9% | $41.4M | 33.5% | $-13,052,171 | -10.6% |
| 2022 | $117.8M | +28.8% | $19.5M | 16.6% | $-27,679,432 | -23.5% |
| 2021 | $91.5M | +18.9% | $16.2M | 17.8% | $1.3M | 1.5% |
| 2020 | $76.9M | -43.3% | $13.5M | 17.5% | $754K | 1.0% |
| 2019 | $135.7M | +20.7% | $25.4M | 18.7% | $910K | 0.7% |
| 2018 | $112.4M | +9.4% | $20.2M | 18.0% | $-1,638,348 | -1.5% |
| 2017 | $102.8M | -20.6% | $14.3M | 14.0% | $-26,082,239 | -25.4% |
| 2016 | $129.5M | -35.6% | $17.7M | 13.7% | $-31,016,250 | -24.0% |
| 2015 | $201.1M | +18.1% | $28.4M | 14.1% | $-3,952,423 | -2.0% |
| 2014 | $170.2M | +80.1% | $23.4M | 13.7% | $5.2M | 3.1% |
| 2013 | $94.5M | +46.5% | $21.7M | 23.0% | $1.6M | 1.6% |
| 2012 | $64.5M | +60.6% | $12.9M | 20.0% | $5.3M | 8.2% |
| 2011 | $40.2M | -6.3% | $9.2M | 22.9% | $3.0M | 7.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KNDI — Frequently Asked Questions
Quick answers to the most common questions about buying KNDI stock.
Is KNDI's revenue growth accelerating or slowing?
KNDI revenue is declining -53.7% year-over-year. TTM revenue fell to $104M, contrasting with the 5-year CAGR of +2.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is KNDI's revenue history from 2004 to 2026?
Kandi Technologies Group, Inc. (KNDI) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $104M, growing at -53.7% YoY. The 5-year CAGR is +2.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is KNDI's long-term revenue growth rate (CAGR)?
Kandi Technologies Group, Inc.'s 5-year revenue CAGR of +2.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -53.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for KNDI.
Why does KNDI's quarterly revenue fluctuate?
KNDI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Kandi Technologies Group, Inc.'s revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is KNDI's revenue distributed by segment?
KNDI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does KNDI's revenue compare to industry peers?
Kandi Technologies Group, Inc. (KNDI) with TTM revenue of $104M and -53.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.