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Kaival Brands Innovations Group, Inc. (KAVL)

USD0.02 -0.01 (-38.71%)
US OTC Consumer Defensive Tobacco
Address 4460 Old Dixie Highway 32949
Grant-Valkaria, FL, US
CEO Eric Mosser
IPO 2021-01-08
CIK 1762239 ISIN US4831044023

Explore sections of this company profile

Description

Kaival Brands Innovations Group, Inc. operates as a distributor of electronic nicotine delivery systems (ENDS) and related components across the United States. The company's product line features the Bidi Stick, a disposable and tamper-proof ENDS device available in a variety of flavors, alongside the Bidi Pouch, a tobacco-free nicotine formulation made with natural fibers and a chew-base filler, also offered in diverse flavor options. These products are sold to non-retail customers directly through its website, bidivapor.com. The entity, which changed its name from Quick Start Holdings, Inc. to Kaival Brands Innovations Group, Inc. in July 2019, is headquartered in Grant-Valkaria, Florida, and functions as a subsidiary of Kaival Holdings, LLC.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.02 -0.01 (-38.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
47.7K
Beta
0.33
Float Shares
4.02M
Free Float %
36.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-25.67% -45.61% -37.70% +101.69% -77.21% +2.57% -93.10% -99.77% -99.98% -99.98% -99.98%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.02
DCF (Unlevered) 0.03 +40.0%
DCF (Levered) 0.05 +145.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-272.83
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Tobacco: +5.3%
    -99.3% Q2'26: +821.4% (vs Q2'25)
  • EPS growth Tobacco: +18.8%
    +6.8% Q2'26: +91.3% (vs Q2'25)
  • FCF margin FCF growth · Tobacco: +9.5%
    -33,598.6% Q2'26: -1,117.9% (vs Q2'25)
  • EBIT margin Tobacco: +20.5%
    -35,589.4% Q2'26: +0.0% (vs Q2'25)
  • ROIC Tobacco: +16.0%
    Q2'26: +0.0% (vs Q2'25)
  • Share dilution Tobacco: +0.0%
    +155.7% Q2'26: +262.2% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Tobacco: 0.25×
    0.00× Q2'26: 0.00× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.29) × ERP
WACC = 100% × Ke + 0% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.03 Current price: 0.02
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Oct 2021
actual
Oct 2022
actual
Oct 2023
actual
Oct 2024
actual
Revenue
58.78M
est: 128.00M (-54.1%)
12.76M
est: 14.80M (-13.8%)
13.09M
est: 13.30M (-1.6%)
6.89M
est: 16.24M (-57.6%)
EBITDA
-10.47M
est: -62.88M (+83.3%)
-14.26M
est: -7.27M (-96.1%)
-10.34M
est: -6.53M (-58.2%)
-5.16M
est: -12.07M (+57.2%)
EBIT
-10.47M
est: -71.00M (+85.3%)
-14.39M
est: -8.21M (-75.3%)
-10.66M
est: -7.38M (-44.5%)
-5.95M
est: -13.11M (+54.6%)
Net Income
-9.03M
est: -4.53M (-99.4%)
-14.37M
est: -33.52M (+57.1%)
-11.13M
-6.70M
est: -18.98M (+64.7%)
SGA
22.40M
est: 99.78M (-77.5%)
15.63M
est: 11.54M (+35.5%)
13.24M
est: 10.37M (+27.7%)
8.31M
est: 518.64M (-98.4%)
EPS
-7.90
est: -1.05 (-652.4%)
-7.60
est: -7.77 (+2.2%)
-4.13
-1.62
est: -1.72 (+5.8%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-17 C+ 2/5 3/5 5/5 1/5 1/5 1/5 1/5
2026-06-16 C+ 2/5 3/5 5/5 1/5 1/5 1/5 1/5
2026-06-15 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-12 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-11 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-10 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-09 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-08 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-05 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-04 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-03 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-02 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-06-01 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-28 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-22 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-21 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-20 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-19 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-18 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-15 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-14 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-13 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-11 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-2.69M
OE per share TTM
-0.32
Owner's Yield
-479.72%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
2.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
1
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 GoFire, Inc. 3.60M 6.00% 3.60M CO United States America 2023-06-07

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
6
Sells
0
Shares acquired
13.09M
Shares disposed
Cash buys
Cash sales
Net activity
+13,086,060
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2032-08-01 Sheriff Stephen Alan Officer D Stock Option 25,000 1.16 29.0K 0
2026-03-31 THOENES MARK L Director A-Award A Stock Options (right to buy) 500,000 0.02 7.6K 500,000 D
2026-03-31 Mosser Eric Director / Officer / 10% Owner A-Award A Common Stock 3,000,000 0.00 3,000,000 D
2026-03-31 MORRIS ERIC Director / Officer / 10% Owner A-Award A Common Stock 3,000,000 0.00 3,006,020 D
2025-01-02 Worner David Director A-Award A Common Stock 520,000 0.00 520,000 D
2025-01-02 THOENES MARK L Officer A-Award A Common Stock 620,000 0.00 621,667 D
2025-01-02 Patel Ketankumar D Director Common Stock 0 0.00 520,000 D
2025-01-02 Modi Ashesh Director Common Stock 0 0.00 520,000 D
2025-01-02 MORRIS ERIC Officer A-Award A Common Stock 770,000 0.00 776,020 D
2024-10-25 Bidi Vapor, LLC 10% Owner Common Stock 0 0.00 1,400,144 D
2024-03-07 MORRIS ERIC Officer D Common Stock 0 0.00 6,020
2024-02-08 Hopkins Barry Michael Director / Officer A-Award A Stock Option 63,881 5.25 335.4K 63,881
2023-08-22 Sheriff Stephen Alan Officer A-Award A Stock Option 158,000 0.44 69.5K 158,000
2023-08-01 Mosser Eric Director / Officer / 10% Owner A-Award A Stock Options 567,080 0.59 334.6K 567,080
2023-08-01 Metzler Thomas James Officer A-Award A Stock Options 253,916 0.59 149.8K 253,916
2023-05-30 Cassidy James Patrick Director 0 0.00 0
2023-03-19 Worner David Director A-Award A Stock Option 125,000 0.87 108.8K 125,000
2023-03-19 Hopkins Barry Michael Director A-Award A Stock Option 125,000 0.87 108.8K 125,000
2023-03-03 THOENES MARK L Director / Officer A-Award A Stock Option 50,000 0.61 30.5K 200,000
2023-02-06 Reuter Paul John Director A-Award A Stock Options 125,000 0.73 91.3K 125,000
2023-02-06 Patel Nirajkumar Director / Officer / 10% Owner A-Award A Stock Options 500,000 0.73 365.0K 500,000
2023-02-06 Mosser Eric Director / Officer / 10% Owner A-Award A Stock Options 500,000 0.73 365.0K 500,000
2023-02-06 Chuang George T. Director A-Award A Stock Options 125,000 0.73 91.3K 125,000
2023-02-06 Brooks Roger Director A-Award A Stock Options 125,000 0.73 91.3K 125,000
2022-08-24 THOENES MARK L Director / Officer A-Award A Stock Option 50,000 1.32 66.0K 150,000
2022-06-24 Reuter Paul John Director A-Award A Stock Options 125,000 0.00 125,000
2022-06-24 Patel Nirajkumar Officer A-Award A Stock Options 250,000 0.00 250,000
2022-06-24 Mosser Eric Director / Officer / 10% Owner A-Award A Stock Options 250,000 1.72 430.0K 250,000
2022-06-24 Chuang George T. Director A-Award A Stock Options 125,000 0.00 125,000
2022-06-24 Brooks Roger Director A-Award A Stock Options 125,000 0.00 125,000
2022-03-05 Patel Nirajkumar Officer D-Return D Restricted Stock Units 500,000 0.00 0
2022-03-05 Mosser Eric Officer D-Return D Restricted Stock Units 333,334 0.00 0
2022-02-27 THOENES MARK L Director / Officer / 10% Owner A-Award A Stock Options 100,000 2.45 245.0K 100,000
2022-02-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 20,833 0.00 120,833
2022-02-05 Mosser Eric Director / Officer / 10% Owner F-InKind D Common Stock 8,073 0.97 7.8K 79,164
2021-11-05 Patel Nirajkumar Director / Officer / 10% Owner F-InKind D Common Stock 5,073 1.80 9.1K 121,145
2021-11-05 Mosser Eric Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 20,833 0.00 141,666
2021-08-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt A Common Stock 16,667 0.00 109,444
2021-08-05 Mosser Eric Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 16,667 0.00 162,499
2021-07-19 Reuter Paul John Director A-Award A Stock Options 200,000 10.56 2.11M 200,000
2021-07-19 Brooks Roger Director A-Award A Stock Options 200,000 10.56 2.11M 200,000
2021-06-30 THOENES MARK L Officer D Common Stock 0 0.00 1,667
2021-06-30 Chuang George T. Director A-Award A Stock Options 300,000 0.76 228.0K 300,000
2021-05-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 16,667 0.00 179,166
2021-05-05 Mosser Eric Director / Officer / 10% Owner M-Exempt A Common Stock 16,667 0.00 60,665
2021-04-09 Patel Nirajkumar Director / Officer / 10% Owner P-Purchase A Common Stock 130,400 2.38 310.5K 912,011
2021-04-08 Patel Nirajkumar Director / Officer / 10% Owner P-Purchase D Common Stock 25,942 1.94 50.4K 781,611
2021-03-17 Reuter Paul John Director 0 0.00 0
2021-03-17 Hanigan Carolyn Director A-Award A Stock Options 300,000 2.17 649.5K 30,000
2021-03-17 Brooks Roger Director A-Award A Stock Options 300,000 2.17 649.5K 300,000
2021-02-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 150,000 0.00 2,400,000
2021-02-05 Mosser Eric Director / Officer / 10% Owner F-InKind D Common Stock 19,452 1.34 26.1K 477,976
2021-01-01 Patel Nirajkumar Director / Officer / 10% Owner A-Award A Common Stock 90,000 0.00 570,210
2021-01-01 Mosser Eric Director / Officer / 10% Owner A-Award A Common Stock 75,000 0.00 347,428
2020-12-09 Patel Nirajkumar Director / Officer / 10% Owner P-Purchase A Common Stock 2,000 0.44 880.00 350,210
2020-12-08 Patel Nirajkumar Director / Officer / 10% Owner P-Purchase A Common Stock 20,000 0.45 9.0K 273,210
2020-12-08 Mosser Eric Director / Officer / 10% Owner P-Purchase A Common Stock 1,672 0.47 785.84 247,428
2020-11-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt A Common Stock 150,000 0.00 500,210
2020-11-05 Mosser Eric Director / Officer / 10% Owner M-Exempt D Restricted Stock Units 150,000 0.00 2,550,000
2020-08-21 Patel Nirajkumar Director / Officer / 10% Owner J-Other D Common Stock 300,000,000 0.00 204,000,000
2020-08-21 Mosser Eric Director / Officer / 10% Owner J-Other A Series A Preferred Stock 3,000,000 0.00 3,000,000
2020-08-21 Kaival Holdings, LLC 10% Owner J-Other A Series A Preferred Stock 3,000,000 0.00 3,000,000
2020-08-05 Patel Nirajkumar Director / Officer / 10% Owner M-Exempt A Common Stock 150,000 0.00 300,000
2020-08-05 Mosser Eric Director / Officer / 10% Owner F-InKind D Common Stock 100,000 0.88 87.8K 200,000
2020-05-28 Patel Nirajkumar Director / Officer / 10% Owner A-Award A Restricted Stock Units 6,000,000 0.00 6,000,000
2020-05-28 Mosser Eric Director / Officer / 10% Owner M-Exempt A Common Stock 150,000 0.00 150,000
2019-02-20 Patel Nirajkumar Director / Officer / 10% Owner I Common Stock 0 0.00 504,000,000
2019-02-20 Mosser Eric Director / Officer / 10% Owner I Common Stock 0 0.00 504,000,000
2019-02-20 Kaival Brands Innovations Group, LLC 10% Owner D Common Stock 0 0.00 504,000,000
2019-02-20 GMRZ Holdings LLC 10% Owner S-Sale D Common Stock 504,000,000 0.00 302.4K 0

Executive team

Top executives
EBIT / Employee
-55.5K
Shares Outstanding
11.02M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Eric Mosser, former CEO, President, and Director 241.5K 241.5K 0.00%
2 2024 Mark Thoenes, Interim CEO and Director 129.5K 129.5K 0.00%
3 2024 Eric Morris, Interim CFO 88.4K 88.4K 0.00%
4 2024 Stephen Sheriff, Former COO 83.1K 83.1K 0.00%
5 2024 Thomas Metzler, Former CFO 74.6K 74.6K 0.00%
6 2023 Eric Mosser, former CEO, President, and Director 300.0K 699.9K 999.9K 70.00%
7 2023 Mark Thoenes, former Interim CFO 300.0K 699.9K 999.9K 70.00%
8 2023 Nirajkumar Patel, Former Interim CEO , Chief Science & Regulatory Officer and Director 276.0K 365.0K 641.0K 56.94%
9 2023 Mark Thoenes, Interim CEO and Director 298.1K 30.7K 328.7K 9.32%
10 2023 Stephen Sheriff, Former COO 146.5K 7.5K 75.8K 229.8K 32.98%
11 2023 Thomas Metzler, Former CFO Stephen Sheriff, Former COO 61.1K 150.0K 211.1K 71.06%
12 2023 Thomas Metzler, Former CFO 61.1K 150.0K 211.1K 71.06%
13 2023 Eric Morris, Interim CFO 84.7K 3.0K 39.1K 126.8K 30.84%
14 2022 Nirajkumar Patel, Chief Science & Regulatory Officer, and Director 244.0K 30.0K 42.6K 2.14M 57.7K 2.51M 86.81%
15 2022 Eric Mosser, former CEO, President, and Director 226.6K 20.0K 37.7K 1.85M 57.7K 2.20M 86.15%
16 2022 Mark Thoenes, former Interim CFO 347.2K 311.0K 658.2K 47.25%
17 2022 Thomas Metzler, Former CFO Stephen Sheriff, Former COO 31.3K 29.0K 60.3K 48.13%
18 2021 Mark Thoenes, Interim CFO 138.0K 40.0K 150.7K 135.1K 463.8K 32.48%
19 2021 Eric Mosser, COO, Secretary, and Director 171.0K 60.0K 157.1K 40.2K 428.3K 36.68%
20 2020 Nirajkumar Patel, President, CEO, Treasurer, and Director 92.0K 60.0K 91.7K 48.7K 292.4K 31.36%
21 2020 Eric Mosser, COO, Secretary, and Director 80.0K 40.0K 52.6K 87.8K 260.4K 20.21%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-10-07 DEF 14A
2024-05-14 DEF 14A
2024-05-03 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-06-16 10-Q
2026-04-07 8-K
2026-04-07 4
2026-04-07 4
2026-04-07 4
2026-03-13 10-Q
2026-02-05 8-K
2026-01-29 10-K
2025-11-05 8-K
2025-10-07 DEFR14A

Executive team

NameTitleCompensationGender
Eric Mosser Chief Executive Officer & Director 365.8K male
Eric Morris CFO & Director 257.3K male
James W. Dobbins General Counsel male
ESG Rating
B
TOBACCO
Rank: 2 out of 11
2026
E (Environmental)
76.5 / 62.2
Company / Sector avg.
S (Social)
70.7 / 63.4
Company / Sector avg.
G (Governance)
64.7 / 63.2
Company / Sector avg.
ESG Total
70.6 / 62.9
Company / Sector avg.
ESG Score History TOBACCO
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits