AIXINasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Xiao-I Corp
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 15, 2026
$2.20−0.72 (-24.66%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
44.4%−3.4 pts over 5 years
Operating margin
-783.6%−726.8 pts over 5 years
Net margin
-821.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -82.5% | -36.5% | -2.3% | – | |
| Gross profit | -88.6% | -43.8% | -3.7% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 179.5% | |
| Return on assets | – | – | -199.6% | |
| Current ratio | – | – | 0.12 | |
| Debt to equity | – | – | -0.30 | |
| Net debt to EBITDA | – | – | -0.29× | |
| Interest coverage | – | – | -213.2× | |
| Inventory turnover | – | – | – | |
| Capex to revenue | – | 0.1% | 0.3% | |
| Diluted shares | – | 22M | 42M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Xiao-I generated $57.43M from operations and spent $2.70M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$57.43M
Used
$2.70M
Capital expenditure$2.70M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-821.1%
×Asset turnover0.24×
×Equity multiplier-0.90×
=Return on equity, FY2025179.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -821.1% | 0.24× | -0.90× | 179.5% |
| FY2024 | -20.6% | 0.93× | -8.90× | 170.0% |
| FY2023 | -44.7% | 0.93× | -11.81× | 492.3% |
| FY2022 | -12.2% | 0.89× | -17.74× | 194.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$101.22M
- Cash generatingOperating cash flow above zero-$3.69M
- Return on assets improvedROA up on the prior year-21.9% → -118.4%
- Earnings backed by cashOperating cash flow above net income-$3.69M vs -$101.22M
- Less leverageLong-term debt to assets fell– → 8.7%
- Better liquidityCurrent ratio rose0.88 → 0.12
- No dilutionShare count did not rise26M → 42M
- Gross margin improvedGross margin up on the prior year68.34% → 44.44%
- More efficientAsset turnover rose1.06 → 0.14