KAVL · Kaival Brands Innovations Group, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“We will need significant additional funds to satisfy our outstanding payables, fund our working capital, and fully implement our business plan. U.S. distribution of BIDI® Stick products has ceased. Our ability to continue as a going concern depends on royalty receipts under the PMI License Agreement and our ability to raise additional capital. FDA marketing-denial orders applicable to Bidi's products and the ITC patent proceeding involving those products may continue to affect royalty receipts. All of these factors raise substantial doubt regarding our ability to continue as a going concern.”View the 10-Q filed Sep 14, 2026
One customer — 21% of revenue (the year ended October 31, 2024)
“For the year then ended October 31, 2024, (i) 21% or $1,236,491 of the revenue from the sale of Products, solely consisting of the BIDI® Stick, was generated from QuikTrip Corporation”
One customer — 12% of revenue (the year ended October 31, 2024)
“(ii) 12% or $678,562 was generated from GPM Investments, LLC”
One customer — 11% of revenue (the year ended October 31, 2024)
“(iii) 11% or $655,583 was generated from FAVS Business, LLC”
One customer — 100% of receivables (as of October 31, 2024)
“QuikTrip Corporation with an outstanding balance of $205 accounted for 100% of the total accounts receivable from customers as of October 31, 2024.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| $278.31K | $484.66K | $6.89M | $13.09M | $12.76M | $58.78M | $64.31M | — | — | |
| -$1.05M | — | — | -$466.52K | $4 | — | — | — | — | |
| — | — | $4.28M | $10.51M | $11.52M | $46.84M | $54.26M | — | — | |
| — | $484.66K | $2.61M | $2.57M | $1.24M | $11.93M | $10.06M | — | — | |
| — | 100% | 37.83% | 19.67% | 9.72% | 20.3% | 15.64% | — | — | |
| $2.62M | $7.29M | $7.63M | $10.79M | $12.95M | $19.21M | $2.36M | $68.85K | $4376 | |
| — | $786.41K | $786.4K | $327.67K | — | — | — | — | — | |
| — | $786.76K | $787.09K | $328.3K | $0 | — | — | — | — | |
| $11.75M | $17.12M | $8.31M | $13.24M | $15.63M | $22.4M | $4.7M | $68.85K | $4376 | |
| — | — | $29.8M | $23.8M | $4.5M | $4M | $1.8M | — | — | |
| — | — | 432.72% | 181.86% | 35.26% | 6.81% | 2.8% | — | — | |
| — | — | $30.59M | $24.13M | $4.5M | — | — | — | — | |
| — | $9019 | $729.56K | $466.52K | — | — | — | — | — | |
| — | -$9019 | -$970.78K | -$466.52K | $4 | $395 | $1048 | — | — | |
| -$11.45M | -$16.65M | -$6.68M | -$11.13M | -$14.39M | -$10.47M | $5.36M | -$68.85K | — | |
| — | -$18.94K | $19.66K | $2348 | -$18.32K | -$1.44M | -$1.51M | — | — | |
| -$11.45M | -$16.63M | -$6.7M | -$11.13M | -$14.37M | -$9.03M | $3.85M | -$68.85K | -$4376 | |
| — | -3431.24% | -97.28% | -85.07% | -112.61% | -15.37% | — | — | — | |
| -$11.45M | -$16.63M | -$6.7M | -$11.13M | -$14.37M | -$9.03M | — | — | — | |
| USD/shares | — | -$1.51 | -$1.62 | -$4.13 | -$7.60 | — | — | — | — |
| USD/shares | -$0.97 | -$1.51 | -$1.62 | -$4.13 | -$7.60 | — | — | — | — |
| shares | — | 11.03M | 4.31M | 2.72M | 1.89M | 1.14M | 2.05M | 2.27M | 615.59K |
| shares | — | 11.03M | 4.31M | 2.72M | 1.89M | 1.14M | 2.05M | 2.27M | 615.59K |
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.