Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $64.3M | $58.8M | $12.8M | $13.1M | $6.89M | $485K |
| Revenue growth | — | — | — | -8.6% | -78.3% | 2.6% | -47.4% | -93.0% |
| Gross profit | — | — | $10.1M | $11.9M | $1.24M | $2.57M | $2.61M | $485K |
| Gross margin | — | — | 15.6% | 20.3% | 9.7% | 19.7% | 37.8% | 100.0% |
| Operating income | — | — | $1.80M | $4.00M | $4.50M | $23.8M | $29.8M | — |
| Operating margin | — | — | 2.8% | 6.8% | 35.3% | 181.9% | 432.7% | — |
| Net income | -$4.38K | -$68.8K | $3.85M | -$9.03M | -$14.4M | -$11.1M | -$6.70M | -$16.6M |
| Net margin | — | — | 6.0% | -15.4% | -112.6% | -85.1% | -97.3% | -3431.2% |
| EPS (diluted) | $0.00 | $0.00 | $0.09 | -$0.38 | -$7.60 | -$4.13 | -$1.62 | -$1.51 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | $7.60M | -$9.31M | -$5.71M | -$2.97M | -$673K | -$2.77M |
| Capital expenditures | — | — | — | — | — | $3.48K | — | — |
| Free cash flow | — | — | — | — | — | -$2.98M | — | — |
| Dividends paid | — | — | — | — | — | — | — | $405K |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | $7.42M | $7.83M | $3.69M | $0.00 | $0.00 | $0.00 |
| Total assets | $0.00 | $0.00 | $8.92M | $30.2M | $12.4M | $19.4M | $16.0M | $669K |
| Total liabilities | $3.00K | $44.9K | $4.50M | $13.9M | $2.64M | $5.83M | $2.19M | $569K |
| Shareholders' equity | -$3.00K | -$44.9K | $4.42M | $16.3M | $9.80M | $13.6M | $13.8M | $100.0K |
| Retained earnings | -$4.38K | -$73.2K | $3.77M | -$5.26M | -$19.6M | -$30.8M | -$37.5M | -$54.1M |
| Shares (wtd avg diluted) | 572M | 572M | 23.1M | 30.2M | 1.89M | 2.72M | 4.31M | 11.0M |
Every figure is extracted from Kaival Brands Innovations Group, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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