One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Kaival Brands Innovations Group, Inc.
KAVL · OQB · Consumer Defensive · Tobacco
Current price
$0.02
52-week range
$0.01 - $0.60
Market cap
$332.10K
Balance sheet
Healthy
-754.22x Concerning
Net cash $133.22K. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
2 Risks
0 rewards · 2 risks
- Risk Operating margin compressed from -112.8% to -840.2% over 3 years.
- Risk Return on equity was -232.7% last year — the company lost money on shareholders' equity.
What this company does
Kaival Brands Innovations Group, Inc.
Kaival Brands Innovations Group, Inc. sells e-cigarettes and related parts, with most of its money coming from these sales in the United States. This matters because it shows how much people are buying their products, which can impact how well the company does.
How the company got here
Kaival Brands Innovations Group, Inc. was founded in 1998 and initially focused on developing, acquiring, and distributing innovative products to establish dominant brands. The company's early strategy involved direct sales of electronic nicotine delivery system (ENDS) products, such as the BIDI Stick, in the United States through wholesale and retail channels. However, due to regulatory challenges and shifts in strategy, Kaival Brands transitioned its business model. By 2025, the company moved away from direct U.S. sales and began generating revenue primarily through international licensing agreements, notably with Philip Morris Products S.A., a subsidiary of Philip Morris International. This strategic pivot aimed to leverage its intellectual property and brand portfolio in a more asset-light manner.
What it actually does
Kaival Brands Innovations Group, Inc. is a company that focuses on developing and commercializing innovative products, with a current emphasis on the electronic nicotine delivery system (ENDS) market, commonly known as e-cigarettes. The company aims to build and grow brands that offer superior quality and innovation. While it previously sold products directly in the U.S., its current business model relies heavily on international licensing agreements for revenue generation. The company also explores opportunities in other nicotine and non-nicotine delivery systems, including those related to CBD products.
Licensing Royalties
This is currently Kaival Brands' primary source of revenue. Instead of selling its own products directly, the company earns money by licensing its intellectual property, such as patents and technologies related to vaporization and inhalation, to other companies. These companies then manufacture and sell products under their own brands, paying royalties to Kaival Brands. This segment represents 100% of the company's revenue as of early 2026, indicating a significant shift from its previous direct sales model. The main partner in this segment is Philip Morris Products S.A., which distributes products manufactured by Bidi Vapor internationally.
What management is betting on now
Kaival Brands' management is focused on leveraging its existing intellectual property and brand portfolio through international licensing agreements, as evidenced by its exclusive global distribution deal with Philip Morris Products S.A. The company's strategy also includes exploring diversification into other nicotine and non-nicotine delivery system products, such as those containing CBD (cannabidiol). This approach aims to create a more resilient and scalable business model by reducing direct operational and regulatory burdens in the U.S. while capitalizing on global market opportunities.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$55.25K
Net income
$-243.87K
Diluted EPS
-0.02
Operating cash flow
$-144.73K
Free cash flow
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Sources
Revenue
$37.53K
Net income
$-574.54K
Diluted EPS
-0.04
Operating cash flow
$-419.55K
Free cash flow
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Sources
Revenue
$92.94K
Net income
$-620.79K
Diluted EPS
-0.05
Operating cash flow
$-752.35K
Free cash flow
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Sources
Revenue
$92.59K
Net income
$-10.01M
Diluted EPS
-0.86
Operating cash flow
$-752.03K
Free cash flow
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Sources
Revenue
$142.43K
Net income
$-559.36K
Diluted EPS
-0.05
Operating cash flow
$-536.78K
Free cash flow
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Revenue
$47.05K
Net income
$-2.00M
Diluted EPS
-0.17
Operating cash flow
$-578.24K
Free cash flow
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Revenue
$202.60K
Net income
$-4.06M
Diluted EPS
-0.43
Operating cash flow
$-905.74K
Free cash flow
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Revenue
$734.96K
Net income
$-1.49M
Diluted EPS
0.09
Operating cash flow
$-793.45K
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $0.02
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $133,221 - more cash than debt. Interest coverage -754.2x.
Net debt
$-133.22K
Interest coverage
-754.22x
Kaival Brands Innovations Group, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
KAVL
BASELINE
Kaival Brands Innovations Group, Inc.
Total debt $0.00 Interest coverage -754.22x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -132.24x Neither company has much profit cushion over interest right now.
Total debt $13.72M Interest coverage -30.99x Neither company has much profit cushion over interest right now.
Total debt $3.97M Interest coverage -12.35x Neither company has much profit cushion over interest right now.
Total debt $36.59M Interest coverage 0.59x This peer still has a real interest-payment cushion, while KAVL does not.
What you should know
The case for and against KAVL
0 Rewards
2 Risks
Rewards
Risks
-
Operating margin compressed from -112.8% to -840.2% over 3 years.
-
Return on equity was -232.7% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
0.42x
P/B
-1.31x
P/S
1.19x
EV/EBITDA
-0.13x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
100.0%
Operating margin
-840.2%
Net margin
0.0%
ROE
-232.7%
ROA
-24.8%
Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
0.51x
Quick ratio
0.49x
Total debt
$0.00
Total cash
$133.22K
Growth
How the business has been compounding
Revenue TTM
$278.31K
Revenue 5Y CAGR
-69.9%
EPS TTM
-1.00
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-2.07M
Free CF TTM
$-2.77M
FCF margin
-996.3%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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