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KXIN on Nasdaq

Kaixin Holdings

Kaixin Holdings is a retail-auto dealers and gasoline stations company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol KXIN.1

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Last updated Oct 21, 2026.

Overview

$129.0KRevenue, fiscal 20252
-$53.9MNet income, fiscal 20252

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  • TickerKXIN on Nasdaq1
  • IndustryRetail-Auto Dealers & Gasoline Stations1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressDongjin International Center, Building A, Unit 903, Chaoyang District3
  • Filer categoryNon-accelerated filer3

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Our company, formerly known as CM Seven Star Acquisition Corporation (“CM Seven Star”), was incorporated in the Cayman Islands as an exempted company on November 28, 2016. We were originally a blank check company formed for the purpose of entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more target businesses.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

100.0%Gross margin2
-24489.9%Operating margin2
-41788.4%Net margin2
-245.8%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax100¢$2.7M

Out of $129.0K in revenue.2 The company lost money this year.

Financial statements

Revenue567892$129.0K in 2025−100% since 2018
0$200.0M$400.0M$600.0M2018: $431.4M$431.4M20182019: $45.8M$45.8M2019−89%2020: $1.2M$1.2M2020−97%2021: $253.8M$253.8M2021+20931%2022: $82.8M$82.8M2022−67%2023: $31.5M$31.5M2023−62%2025: $129.0K$129.0K2025−100%
Gross profit56892$129.0K in 2025−99% since 2018
0$5.0M$10.0M$15.0M$20.0M2018: $17.4M$17.4M20182019: $186.0K$186.0K2019−99%2020: $1.0M$1.0M2020+438%2021: $5.3M$5.3M2021+426%2022: $646.0K$646.0K2022−88%2023: $342.0K$342.0K2023−47%2025: $129.0K$129.0K2025−62%
Operating income567892-$31.6M in 2025−7% since 2018
-$200.0M-$150.0M-$100.0M-$50.0M02018: -$34.1M-$34.1M20182019: -$136.0K-$136.0K2019−100%2020: -$276.0K-$276.0K2020+103%2021: -$182.6M-$182.6M2021+66064%2022: -$47.9M-$47.9M2022−74%2023: -$21.0M-$21.0M2023−56%2024: -$19.1M-$19.1M2024−9%2025: -$31.6M-$31.6M2025+65%
Net income567892-$53.9M in 2025−40% since 2018
-$200.0M-$150.0M-$100.0M-$50.0M02018: -$89.2M-$89.2M20182019: -$110.0K-$110.0K2019−100%2020: -$166.0K-$166.0K2020+51%2021: -$196.6M-$196.6M2021+118321%2022: -$84.7M-$84.7M2022−57%2023: -$53.6M-$53.6M2023−37%2024: -$41.0M-$41.0M2024−24%2025: -$53.9M-$53.9M2025+32%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue, net$129.0K$31.5M
Cost of revenues$31.2M
Gross Profit$129.0K$342.0K
Selling and marketing expenses$91.0K$963.0K$3.3M
General and administrative expenses$31.6M$18.2M$18.0M
Total Operating Expenses$31.7M$19.1M$21.3M
Loss from Operations-$31.6M-$19.1M-$21.0M
Other income (expenses), net$110.0K$392.0K-$9.0K
Foreign currency exchange gain (loss)$5.0K$7.0K-$10.0K
Interest expense, net-$7.0K-$342.0K-$525.0K
(Loss) gain on disposal of subsidiaries-$7.8M-$23.0M$64.0K
Change in fair value of warrants$22.0K$210.0K-$208.0K
Share of equity loss-$41.0K
Impairment of intangible assets-$16.9M$0$0
Impairment of other receivables-$8.8M
Impairment of prepaid expenses and other current assets-$392.0K-$23.3M
Other expenses, net-$25.0M-$22.8M-$32.8M
Loss Before Income Tax-$56.6M-$41.9M-$53.8M
Income tax benefits$2.7M$931.0K$228.0K
Net Loss-$53.9M-$41.0M-$53.6M
Less: net (loss) income attributable to non-controlling interests-$1.0K-$8.0K$9.0K
Net Loss Attributable to Kaixin's Shareholders-$53.9M-$41.0M-$53.6M
Foreign currency translation adjustment$8.0K$972.0K-$1.3M
Comprehensive Loss-$53.9M-$40.0M-$54.9M
Less: comprehensive loss attributable to non-controlling interest$109.0K$754.0K
Comprehensive Loss Attributable to Kaixin's Shareholders-$53.9M-$39.9M-$54.1M
Loss Per Share - Basic-$24.20-$781.64-$4,213.21
Loss Per Share - diluted-$24.20-$781.64-$4,213.21
Weighted Average Shares Used in Calculating Net Loss Per Share - Basic2.2M shares52.4K shares12.7K shares
Weighted Average Shares Used in Calculating Net Loss Per Share - diluted2.2M shares52.4K shares12.7K shares
Share consolidation ratio0 pure

Compare Kaixin Holdings with another company

Corporate structure

Kaixin Holdings sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Kaixin Holdings

  • Kaixin Holdings E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Kaixin Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$236.0K2 Dec 31, 2025$310.0K2 Dec 31, 2024−23.9%
Operating-lease assets (leased space)$108.0K2 Dec 31, 2025$255.0K2 Dec 31, 2024−57.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$859.0K2 Dec 31, 2025$2.4M2 Dec 31, 2024−64.0%
Long-term investments$352.0K2 Dec 31, 2025$393.0K2 Dec 31, 2024−10.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$21.2M2 Dec 31, 2025$38.2M9 Dec 31, 2023−44.4%
Finite-lived intangibles, gross$39.2M2 Dec 31, 2025$29.1M2 Dec 31, 2024+34.7%
Accumulated amortization$12.2M2 Dec 31, 2025$8.4M2 Dec 31, 2024+45.2%
Finite-lived intangibles, net$10.1M2 Dec 31, 2025$20.7M2 Dec 31, 2024−51.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$66.0K2 Dec 31, 2025$29.0K2 Dec 31, 2024+127.6%

Leadership

Who has led Kaixin Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sing Wang2018–2019
  2. Chen Ji2019

President

  1. Stephen N. Cannon2017

Chief financial officer

  1. Stephen N. Cannon2017
  2. Thomas Jintao Ren2019

Chief operating officer

  1. Jinfeng Xie2019
20202025
Board members and other officers (11)

Former names

  • Kaixin Auto HoldingsDec 20, 2018 to Apr 9, 20243
  • CM Seven Star Acquisition CorpAug 11, 2017 to May 1, 20193

Timeline

  1. May 10, 2019New chief executive Chen Ji becomes CEO11
  2. Mar 1, 2018New chief executive Sing Wang becomes CEO12

Filings

92 filings to the SEC since October 2021: 7 annual reports, 1 large holders, 84 other. The latest 20:

  1. Sep 16, 20266-K EDGAR
  2. Sep 4, 20266-K EDGAR
  3. Aug 27, 20266-K EDGAR
  4. Jul 6, 2026EFFECT EDGAR
  5. Jun 17, 2026F-3/A EDGAR
  6. Jun 17, 2026S-8 EDGAR
  7. Apr 10, 20266-K EDGAR
  8. Apr 7, 202620-F EDGAR
  9. Feb 23, 20266-K EDGAR
  10. Feb 5, 20266-K EDGAR
  11. Jan 9, 20266-K EDGAR
  12. Dec 15, 2025F-3/A EDGAR
  13. Dec 2, 20256-K EDGAR
  14. Nov 25, 20256-K EDGAR
  15. Nov 24, 2025F-3 EDGAR
  16. Nov 5, 2025S-8 EDGAR
  17. Oct 6, 20256-K EDGAR
  18. Sep 16, 20256-K EDGAR
  19. Sep 12, 20256-K EDGAR
  20. Aug 28, 20256-K EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Kaixin Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKaixin Holdings1
  • CIK0001713539
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressDongjin International Center, Building A, Unit 903, Chaoyang District, Beijing, China1
  • Phone86 10672049481
  • Shares outstanding21,279,792 Common Class A shares; 2,170,001 Common Class B shares as of Dec 31, 20254
  • AuditorOnestop Assurance PAC, Singapore PCAOB ID 6732; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 11, 20171
  • Filings274 in all: 6-K (64), 3 (25), 4 (23), 8-K (20), CORRESP (20), UPLOAD (16), SC 13G (10), SC 13G/A (10)1
    All 39 form types

    DEFA14A (9), F-3/A (9), S-8 (9), 20-F (7), 10-Q (5), EFFECT (4), 20-F/A (3), 25-NSE (3), F-3 (3), NT 20-F (3), S-1/A (3), 10-K (2), 424B5 (2), 6-K/A (2), 8-K/A (2), NT 10-K (2), NT 10-Q (2), PREM14A (2), PRER14A (2), 10-K/A (1), 4/A (1), 424B4 (1), 8-A12B (1), CERTNAS (1), D (1), DEF 14A (1), DRS (1), S-1 (1), S-1MEF (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (20-F) Apr 7, 2026
    Quarterly report (10-Q) May 15, 2019
    Proxy statement (DEF 14A) Mar 29, 2019
    Latest 8-K (8-K) Jul 1, 2019

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$20.35 per shareKXINNasdaq

From the cover page of the 20-F filed Apr 7, 2026 (Section 12(b) of the Exchange Act).4

Sources

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