Kaival Brands Innovations Group, Inc.

For the period ended Oct 31, 2025. Filed Jan 29, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jan 29, 2026

KAVL$0.04+16.7%Stored close · as of Jul 8, 2026

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Contents

Consolidated Statements of Operations

	For the Years Ended October 31,
	2025	2024
Revenues
Revenues, net	$46,755	$5,882,597
Revenues - related party	—	5,950
Royalty revenue	437,906	1,040,759
Excise tax on products	—	(42,641)
Total revenues, net	484,661	6,886,665
Cost of revenue
Cost of revenue - related party	—	4,281,171
Total cost of revenue	—	4,281,171
Gross profit	484,661	2,605,494
Operating expenses
Advertising and promotion	—	686,292
General and administrative expenses	7,286,991	7,628,050
Gain on termination of operating lease	(59,823)	—
Loss on disposal of furniture and equipment	1,798	—
Loss on impairment of intangible assets	9,895,503	—
Total operating expenses	17,124,469	8,314,342
Other expense
Loss on extinguishment of debt	—	(98,432)
Loss on settlement of payables	—	(142,786)
Interest expense, net	(9,019)	(729,558)
Total other expense	(9,019)	(970,776)
Loss before income taxes provision	(16,648,827)	(6,679,624)
Benefit from (provision for) income taxes	18,942	(19,658)
Net loss	$(16,629,885)	$(6,699,282)
Preferred stock dividend	(22,500)	(270,000)
Net loss attributable to common shareholders	$(16,652,385)	$(6,969,282)
Net loss per common share - basic and diluted	$(1.51)	$(1.62)
Weighted average number of common shares outstanding - basic and diluted	11,032,569	4,313,900

** ** ** ** Kaival Brands Innovations Group, Inc.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.