KAVL · Kaival Brands Innovations Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.9K | - | $142.4K | $47.0K | $202.6K | - | $713.8K | $2.23M | $3.21M | - |
| Cost of Revenue | - | - | - | - | - | - | $345.0K | $1.73M | $2.01M | - |
| Gross Profit | - | - | $142.4K | $47.0K | $202.6K | - | $368.8K | $499.7K | $1.20M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $713.7K | - | $700.9K | $1.33M | $4.28M | - | $1.76M | $1.50M | $2.51M | - |
| Total Operating Expenses | $713.7K | - | $700.9K | $2.08M | $4.28M | - | $1.79M | $1.76M | $2.91M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($620.8K) | - | ($559.4K) | ($2.00M) | ($4.08M) | - | ($1.57M) | ($1.53M) | ($2.11M) | - |
| Interest Expense | - | - | $836 | $271.5K | $299.9K | - | $154.1K | - | - | - |
| Income Tax | - | - | - | - | ($18.9K) | - | $0 | $0 | $715 | - |
| Net Income | ($620.8K) | - | ($559.4K) | ($2.00M) | ($4.06M) | - | ($1.57M) | ($1.53M) | ($2.11M) | - |
| EPS - Basic | ($0.05) | - | - | ($0.17) | ($0.43) | - | ($0.39) | ($0.56) | ($0.76) | - |
| EPS - Diluted | ($0.05) | - | ($0.05) | ($0.17) | ($0.43) | - | ($0.39) | ($0.56) | ($0.76) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $533.7K |
| Accounts Receivable | $120.0K | $120.0K | $120.0K | $70.0K | $206.9K | $263.6K | $522.2K | $651.1K | $744.0K | $1.87M |
| Inventory | - | - | - | - | - | - | $200.4K | $598.2K | $2.06M | $4.07M |
| Accounts Payable | $339.4K | $349.3K | $198.1K | $105.7K | $5.6K | $57.5K | $73.3K | $472.5K | $304.6K | $374.3K |
| Current Assets | $931.4K | $669.3K | $1.41M | $1.94M | $2.82M | $4.51M | $5.80M | $1.90M | $4.04M | $6.91M |
| Total Assets | $931.4K | $669.3K | $11.50M | $12.23M | $14.07M | $16.00M | $17.54M | $13.89M | $16.27M | $19.39M |
| Current Liabilities | $434.4K | $569.3K | $864.6K | $1.03M | $825.4K | $1.53M | $3.29M | $3.26M | $3.70M | $4.96M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $434.4K | $569.3K | $1.42M | $1.59M | $1.43M | $2.19M | $4.01M | $4.03M | $4.52M | $5.83M |
| Stockholders' Equity | $497.1K | $100.0K | $10.09M | $10.64M | $12.64M | $13.82M | $13.53M | $9.86M | $11.75M | $13.56M |
| Retained Earnings | ($54.71M) | ($54.09M) | ($44.08M) | ($43.52M) | ($41.52M) | ($37.46M) | ($35.98M) | ($34.40M) | ($32.88M) | ($30.76M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($752.3K) | - | - | - | ($905.7K) | - | - | - | $244.9K | - |
| Investing Cash Flow | - | - | - | - | - | - | - | - | $0 | - |
| Financing Cash Flow | $1.02M | - | - | - | ($568.9K) | - | - | - | ($187.3K) | - |
| CapEx | - | - | - | - | - | - | - | - | $0 | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | $244.9K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 100.0% | 100.0% | 100.0% | - | 51.7% | 22.4% | 37.3% | - |
| Operating margin | -668.0% | - | -392.7% | -4246.3% | -2013.8% | - | -220.2% | -68.6% | -65.8% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -668.0% | - | -392.7% | -4246.3% | -2004.5% | - | -220.2% | -68.6% | -65.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | 7.6% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | -0.12 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 768.0% | - | 492.1% | 2829.6% | 2111.8% | - | 246.1% | 67.6% | 78.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -66.6% | - | -4.9% | -16.3% | -28.9% | - | -9.0% | -11.0% | -13.0% | - |
| Return on equity | -124.9% | - | -5.5% | -18.8% | -32.1% | - | -11.6% | -15.5% | -18.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.14 | 1.18 | 1.63 | 1.88 | 3.42 | 2.95 | 1.76 | 0.58 | 1.09 | 1.39 |
| Quick ratio | 2.14 | 1.18 | 1.63 | 1.88 | 3.42 | 2.95 | 1.70 | 0.40 | 0.53 | 0.57 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -669.1x | -7.4x | -13.6x | - | -10.2x | - | - | - |
| Equity multiplier | 1.87 | 6.69 | 1.14 | 1.15 | 1.11 | 1.16 | 1.30 | 1.41 | 1.38 | 1.43 |
| Liabilities / Assets | 0.47 | 0.85 | 0.12 | 0.13 | 0.10 | 0.14 | 0.23 | 0.29 | 0.28 | 0.30 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.01 | 0.00 | 0.01 | - | 0.04 | 0.16 | 0.20 | - |
| Inventory turnover | - | - | - | - | - | - | 1.72 | 2.89 | 0.98 | - |
| Days sales outstanding | 471d | - | 308d | 543d | 373d | - | 267d | 107d | 85d | - |
| Days inventory outstanding | - | - | - | - | - | - | 212d | 126d | 373d | - |
| Days payable outstanding | - | - | - | - | - | - | 78d | 100d | 55d | - |
| Cash conversion cycle | - | - | - | - | - | - | 401d | 133d | 402d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -54.1% | - | -80.0% | -97.9% | -93.7% | - | -80.1% | -26.3% | 27.1% | - |
| Revenue CAGR (3y) | -66.7% | - | -66.7% | -75.1% | -58.5% | - | -40.8% | -50.3% | -55.9% | - |
| Revenue CAGR (5y) | -69.9% | - | -66.2% | -70.9% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -61.4% | -90.6% | -83.1% | - | -71.7% | - | 121.8% | - |
| Operating income growth (YoY) | 84.8% | - | 64.4% | -30.8% | -93.1% | - | 12.7% | 61.5% | 29.4% | - |
| Net income growth (YoY) | 84.7% | - | 64.4% | -30.8% | -92.1% | - | 59.2% | 61.5% | 29.4% | - |
| EPS growth (YoY) | 88.4% | - | 87.2% | 69.6% | 43.4% | - | -333.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 179.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -96.1% | -99.3% | -25.5% | 7.9% | 7.6% | 1.9% | -15.5% | 75.1% | 42.5% | 38.3% |
Peer comparison
Same SIC group: Retail-Nonstore Retailers
Comparing Kaival Brands Innovations Group against the 3 most active filers in the same SIC group.