Kindcard Inc. reported QQ3 2025 revenue of USD 139.366 million, marking a YoY increase of 11.13% and a QoQ surge of 70.50%. Gross profit stood at USD 114.104 million, delivering a gross margin of approximately 81.87%. Despite top-line momentum, the company posted an operating loss of USD 7.588 million and a net loss of USD 7.588 million, with EBITDA of USD 12.777 million (EBITDA margin ~9.17%). The disparate path between EBITDA and net income indicates non-cash or non-operating items affecting reported earnings and underscores the importance of watching cost structure and operating leverage going forward. Basic EPS was -0.0001, and the quarter contributed to a negative cash flow from operations of USD -15.131 million, culminating in a free cash flow of USD -15.129 million.
Key Performance Indicators
Revenue
Increasing
139.37K
QoQ: 70.50% | YoY: 11.13%
Gross Profit
Increasing
114.10K
81.87% margin
QoQ: 79.58% | YoY: 19.78%
Operating Income
Increasing
-7.59K
QoQ: 90.97% | YoY: 84.42%
Net Income
Increasing
-7.59K
QoQ: 90.97% | YoY: 84.42%
EPS
Increasing
0.00
QoQ: 88.89% | YoY: 80.00%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: USD 139.366 million; YoY +11.13%, QoQ +70.50%
Gross Profit: USD 114.104 million; YoY +19.78%, QoQ +as reported 79.58%
EBITDA: USD 12.777 million; EBITDA margin 9.17%
Operating Income: USD -7.588 million; Operating margin -5.44%
Net Income: USD -7.588 million; Net margin -5.44%
EPS: -0.0001; EPS Diluted: -0.0001; Weighted Avg Shares: 98.17 million
Cash Flow: Net cash from operating activities USD -15.131 million; Free cash flow USD -15.129 million; Net change in cash USD -0.790 million; Cash at end of period USD 14.067 million; Cash at beginning USD 14.857 million
Balance Sheet: Total assets USD 97.107 million; Liabilities USD 1,072.554 million; Stockholders’ equity USD -975.447 million; Total debt USD 355.128 million; Net debt USD 341.061 million; Cash USD 14.067 million; Intangible assets USD 61.277 million; Current ratio 0.0357x; Cash ratio 0.0154x
Valuation/Market Metrics: Price to sales ~20.04x; Price to book negative; Enterprise value to EBITDA not meaningful given negative equity; No peer data available for direct comparison.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
139.37K
11.13%
70.50%
Gross Profit
114.10K
19.78%
79.58%
Operating Income
-7.59K
84.42%
90.97%
Net Income
-7.59K
84.42%
90.97%
EPS
0.00
80.00%
88.89%
Key Financial Ratios
Gross Profit Margin
Excellent
81.90%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
-0.05%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.05%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.08%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
0.78%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.04
Current ratio below safe levels, potential liquidity risk
Debt to Equity
Conservative
-0.36
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-92.02x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
-2.86x
Trading below book value, potential value opportunity or distressed
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