Kaival Brands Innovations Group, Inc. (KAVL) Income Statement
KAVL FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsKAVL revenue and net income
Where KAVL's revenue goes
FY2025Each bar shows an amount and its share of revenue. KAVL kept −35,616.3% of revenue as net income.
KAVL profit margins
KAVL growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −99.3% | −84.6% | −76.4% | −15.5% |
| Gross profit | −81.4% | −26.9% | −45.5% | +9.4% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KAVL quarterly EPS vs estimates
KAVL income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46,755 | $6.9M | $13.1M | $12.8M | $58.8M | $64.3M | $0 | $0 | $3.2M | $2.7M |
| Cost of revenue | −$437,906 | $4.3M | $10.5M | $11.5M | $46.8M | $54.3M | — | — | $3.8M | $2.4M |
| Gross profit | $484,661 | $2.6M | $2.6M | $1.2M | $11.9M | $10.1M | — | — | −$575,096 | $387,408 |
| Sales, general & admin | $7.3M | $8.3M | $13.2M | $15.6M | $22.4M | $4.7M | $68,849 | $26,256 | $2.4M | $917,415 |
| Total operating expenses | $17.6M | $8.3M | $13.2M | $15.6M | $22.4M | $4.7M | $68,849 | $4,376 | $6.2M | $3.3M |
| Operating income | −$17.1M | −$5.7M | −$10.7M | −$14.4M | −$10.5M | $5.4M | −$68,849 | −$4,376 | −$3.0M | −$602,916 |
| Interest income | — | — | — | $4 | $395 | $1,048 | — | — | — | — |
| Interest expense | $9,019 | $729,558 | $466,523 | $4 | $395 | $1,048 | $0 | $0 | $0 | $0 |
| Income before taxes | −$16.6M | −$6.7M | −$11.1M | −$14.4M | −$10.5M | $5.4M | −$68,849 | −$4,376 | −$3.2M | −$679,299 |
| Income taxes | $18,942 | $19,658 | $2,348 | −$18,317 | −$1.4M | $1.5M | −$68,848 | — | — | — |
| Net income | −$16.7M | −$6.7M | −$11.1M | −$14.4M | −$9.0M | $3.8M | −$68,849 | −$4,376 | −$3.2M | −$679,299 |
| EBITDA | −$15.9M | −$5.2M | −$10.3M | −$14.3M | −$10.5M | $5.4M | −$68,849 | $21,880 | — | — |
| EPS (diluted) | −$1.51 | −$1.88 | −$4.02 | −$5.36 | −$4.34 | $0.18 | $0.00 | $0.00 | −$0.43 | −$0.02 |
| Gross margin | 1,036.6% | 37.8% | 19.7% | 9.7% | 20.3% | 15.6% | — | — | −18.0% | 14.1% |
| Operating margin | −36,526.0% | −82.9% | −81.5% | −112.8% | −17.8% | 8.3% | — | — | −94.0% | −22.0% |
| Net margin | −35,616.3% | −97.3% | −85.1% | −112.6% | −15.4% | 6.0% | — | — | −100.3% | −24.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55,254 | $37,530 | $92,938 | $92,588 | $142,425 | $4,073 | $202,603 | $734,964 | $713,814 | $2.2M | $3.2M | $4.0M |
| Cost of revenue | $0 | $0 | $0 | $235,013 | $196,602 | −$42,972 | −$159,921 | $196,080 | $344,998 | $1.9M | $2.0M | $3.1M |
| Gross profit | $55,254 | $37,530 | $92,938 | $92,588 | $142,425 | $47,045 | $202,603 | $538,884 | $368,816 | $302,882 | $1.2M | $858,835 |
| Sales, general & admin | $314,422 | $612,074 | $713,725 | $976,331 | $700,944 | $1.3M | $4.3M | $1.9M | $1.8M | $1.8M | $2.9M | $2.9M |
| Total operating expenses | $314,422 | $612,074 | $713,725 | $976,331 | $700,944 | $2.1M | $4.3M | $2.1M | $1.8M | $1.8M | $2.9M | $2.9M |
| Operating income | −$259,168 | −$574,544 | −$620,787 | −$883,743 | −$558,519 | −$1.3M | −$4.1M | −$1.3M | −$1.4M | −$1.3M | −$1.7M | −$2.0M |
| Interest expense | $15,300 | $0 | $0 | $0 | $836 | $4,091 | $4,092 | $4,092 | $154,083 | $271,466 | $299,917 | $331,388 |
| Income before taxes | −$243,868 | −$574,544 | −$620,787 | −$10.0M | −$559,355 | −$2.0M | −$4.1M | −$1.5M | −$1.6M | −$1.5M | −$2.1M | −$2.4M |
| Income taxes | — | — | — | — | — | — | −$18,942 | — | $4 | −$4 | $715 | $2,348 |
| Net income | −$243,868 | −$574,544 | −$620,787 | −$10.0M | −$559,355 | −$2.0M | −$4.1M | −$1.5M | −$1.6M | −$1.5M | −$2.1M | −$2.4M |
| EBITDA | −$259,168 | −$377,855 | −$424,098 | −$9.8M | −$361,917 | −$1.8M | −$3.9M | — | −$1.2M | −$1.1M | −$1.5M | −$1.8M |
| EPS (diluted) | −$0.02 | −$0.04 | −$0.05 | −$0.86 | −$0.05 | −$0.17 | −$0.43 | −$0.17 | −$0.39 | −$0.56 | −$0.76 | −$0.87 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 1,155.0% | 100.0% | 73.3% | 51.7% | 13.6% | 37.3% | 21.7% |
| Operating margin | −469.0% | −1,530.9% | −668.0% | −954.5% | −392.1% | −31,528.1% | −2,011.8% | −179.7% | −198.7% | −56.4% | −53.4% | −51.6% |
| Net margin | −441.4% | −1,530.9% | −668.0% | −10,813.3% | −392.7% | −49,054.8% | −2,004.4% | −202.3% | −220.2% | −68.6% | −65.8% | −60.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KAVL's financial statements (latest annual report filed January 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KAVL financial results
In fiscal year 2025 (ended October 31, 2025), Kaival Brands Innovations reported revenue of $0.0 million, down 99.3% from the year before. It had a net loss of $16.7 million, a net profit margin of −35,616.3%. Diluted earnings per share came to −$1.51. Over five years revenue grew at an average rate of −76.4% a year.
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KAVL income statement FAQ
What is Kaival Brands Innovations's annual revenue?
Kaival Brands Innovations reported total revenue of $0.0 million for fiscal year 2025, which ended on October 31, 2025. That was down 99.3% from $6.9 million the previous year.
Is Kaival Brands Innovations profitable?
No. Kaival Brands Innovations reported a net loss of $16.7 million in fiscal 2025, a net profit margin of −35,616.3%; its operating margin was −36,526.0%.
What is Kaival Brands Innovations's gross margin?
Kaival Brands Innovations's gross margin was 1,036.6% in fiscal 2025: for every $100 of revenue, Kaival Brands Innovations kept $1037 after the direct cost of its products and services.
How fast is Kaival Brands Innovations growing?
Revenue grew −76.4% a year on average over the last five fiscal years, from $64.3 million to $0.0 million.
What are Kaival Brands Innovations's earnings per share?
Kaival Brands Innovations earned $-1.51 per diluted share in fiscal 2025, compared with $-1.88 a year earlier.
When does Kaival Brands Innovations's fiscal year end?
Kaival Brands Innovations's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on January 29, 2026.