Kaixin Holdings stock holds at USD 1.43 after H1 results

Published on 10/07/2026 at 07:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kaixin Holdings stock was last at USD 1.43 on October 6, 2026, after flat trading at Nasdaq. First-half revenue rose 602 percent to USD 667,000.

KXIN, KYG5223X1759, Illustration mit AI erstellt.

Kaixin Holdings stock (ISIN KYG5223X1759) was last at USD 1.43 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, unchanged on the session. The companys first-half results delivered a sharp revenue increase, but gross profit contracted and liquidity risks remain central to the investment case.

Revenue jumps to USD 667,000

According to the SEC filing dated September 16, 2026, Kaixin reported unaudited first-half 2026 revenue of USD 667,000 for the six months ended June 30, 2026. That was 602 percent above USD 95,000 in the prior-year period, with the increase driven mainly by vehicle sales through the Hong Kong subsidiary Jet Sound Hong Kong Company Limited.

The income statement was more mixed than the headline growth rate. According to MetaTrader, gross profit dropped 76 percent to USD 23,000 from USD 95,000, while operating expenses declined 77 percent to USD 2.0 million from USD 8.7 million. The net loss attributable to the company narrowed 77 percent to USD 1.9 million from USD 8.4 million.

Thin margin changes the picture

For investors, the key calculation is the gap between sales growth and gross profit. Revenue expanded by USD 572,000 year over year, but first-half gross profit was USD 72,000 below the prior-year figure, leaving a narrow cushion before operating costs.

The filing also showed 45,278,552 ordinary shares outstanding as of September 16, 2026, including Class A and Class B shares. That capital structure matters because a separate transaction adjustment could increase the share count.

As Benzinga reported on September 17, 2026, Kaixin cited USD 9.3 million in current liabilities against USD 1.6 million in current assets and approved an additional 10 million Class A ordinary shares tied to the Hongkong Taohaoche transaction. Those figures put financing and dilution alongside revenue execution as the main stock variables.

KXIN trades in a narrow session band

KXIN traded between USD 1.42 and USD 1.45 on October 6, 2026, placing the last price of USD 1.43 inside a USD 0.03 daily range. Volume was 17,417 shares, compared with an average of 1,872,112 shares in the quote data.

The stock was last at USD 1.43 on Nasdaq on October 6, 2026 at 4:00 p.m. ET. The market is weighing a 602 percent revenue increase against USD 23,000 of gross profit and the companys reported balance-sheet pressure.