Kaixin Holdings stock falls 2.45 percent as losses narrow

Published on 10/05/2026 at 18:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kaixin Holdings stock traded at USD 1.35 on October 5, 2026, while first-half revenue reached USD 667,000. Gross profit fell to USD 23,000 as liquidity risks remained visible.

KXIN, KYG5223X1759, Illustration mit AI erstellt.

Kaixin Holdings stock (ISIN KYG5223X1759) was trading at USD 1.35 on Nasdaq on October 5, 2026, down 2.45 percent from the prior close of USD 1.38. The latest company catalyst is the first-half 2026 report, which showed a sharp revenue increase alongside weaker gross profit and continuing liquidity pressure.

Revenue surged in first half

According to Benzinga on September 17, 2026, Kaixin reported USD 667,000 in revenue for the six months ended June 30, 2026, compared with USD 95,000 in the same period of 2025. That represents growth of 602 percent, driven mainly by car sales through the companys Hong Kong subsidiary.

The earnings report also showed a narrower loss. Net loss attributable to shareholders declined 77 percent to USD 1.9 million from USD 8.4 million in the first half of 2025, while operating expenses fell 77 percent to USD 2.0 million from USD 8.7 million, according to MetaTrader.

Gross profit tells a different story

Revenue growth did not translate into stronger gross profit. Kaixin recorded USD 23,000 in gross profit for the first half, down 76 percent from USD 95,000 a year earlier, leaving a much thinner profit contribution despite the larger top line.

The balance-sheet risk is material. Benzinga reported USD 9.3 million in current liabilities against USD 1.6 million in current assets and said the filing raised substantial doubt about the companys ability to continue as a going concern. The same report described an additional issuance of 10 million Class A ordinary shares linked to the Hongkong Taohaoche acquisition, creating a potential dilution factor.

Nasdaq trading remains volatile

Kaixin describes itself as a platform for luxury used cars and imported new cars, while also pursuing electric-vehicle and autonomous-driving activities, according to its investor relations page. The company is incorporated in the Cayman Islands and operates its automotive business in China.

For investors, the central tension is visible in the numbers: revenue expanded from USD 95,000 to USD 667,000, but gross profit moved in the opposite direction from USD 95,000 to USD 23,000. The September 16, 2026 Form 6-K filing is listed by the SEC as a foreign issuer report.