PerpEquities

Equity · Technology

Kingboard Holdings Limited (KBHLD) perpetual futures

KBHLD perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade KBHLDUSDT.

Kingboard Holdings Limited tracked across crypto venues with normalized contract specifications.

$7.60+0.8%
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Collecting venue price data...
venue perp mark · Gate.io (KBHLD/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$2.3K
Open interest
$80K
Best liquidity
$0
Gate.io
Tightest spread
+263.2 bps
Gate.io
Highest volume
$2.3K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeKBHLD/USDTTrading$7.600.0% APR
0.000% every 8h
+263.2 bps$0$2.3K$80KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

KBHLD

Tightest spread

KBHLD

Highest volume

KBHLD

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$8.5B
Updated 1h ago
Revenue
$6.7B
Trailing 12 months
Revenue growth
+42%
Next fiscal year
Profit margin
+8.6%
P/E
14.5
Peer P/E 22.8
Free cash flow
$50.8M
Trailing 12 months
More metrics
Net income
$577.7M
Trailing 12 months
P/S
1.3
Peer P/E
22.8
Similar listed perps
Revenue estimate
$8.2B
Next fiscal year
Earnings
2027-03-22
Revenue est. - · Updated 1h ago
Dividend
$0.73
2026-12-11

Fundamental detail

Annual + quarterly
Latest revenue$5.8B
Net margin+9.7%
Free cash flow-$121.6M
Net debt$2.5B
2020$5.5B
2021$7.2B
2022$6.3B
2023$5.1B
2024$5.5B
2025$5.8B
PeriodRevenueGrowthNet incomeFCF
2020$5.5B+6%$599.6M$998.1M
2021$7.2B+30%$1.4B$711.7M
2022$6.3B-13%$466M$674.5M
2023$5.1B-20%$263M$149.8M
2024$5.5B+9%$207.9M$196.1M
2025$5.8B+5%$561.2M-$121.6M
PeriodGross marginOperating marginNet marginROEROA
2020+28.1%+20.8%+10.8%+8.4%+5.0%
2021+33.2%+26.7%+19.0%+17.1%+10.4%
2022+25.1%+17.5%+7.4%+6.1%+3.8%
2023+19.1%+10.3%+5.2%+3.5%+2.1%
2024+19.7%+11.7%+3.8%+2.7%+1.7%
2025+17.5%+9.2%+9.7%+6.8%+4.2%
PeriodCashDebtNet debtCurrent ratio
2020$837.5M$2.2B$1.4B1.97
2021$702.8M$2.3B$1.6B1.87
2022$853.4M$2.5B$1.7B2.64
2023$521.2M$2.9B$2.4B2.33
2024$496.5M$2.8B$2.3B2.02
2025$443M$2.9B$2.5B1.85
PeriodMarket capEnterprise valueP/SP/E
2020$4.6B$6B0.87.7
2021$5.4B$7B0.73.9
2022$3.5B$5.2B0.67.5
2023$2.6B$5B0.59.7
2024$2.6B$4.9B0.512.7
2025$4.2B$6.6B0.77.4
Q4 2022$2.7B
Q2 2023$2.4B
Q4 2023$2.7B
Q2 2024$2.6B
Q4 2024$2.9B
Q2 2025$2.8B
Q4 2025$3B
Q2 2026$3.7B
PeriodRevenueGrowthNet incomeFCF
Q4 2022$2.7B-28%$158.8M$286.2M
Q2 2023$2.4B-33%$177.2M$138.1M
Q4 2023$2.7B-3%$85.8M$26.5M
Q2 2024$2.6B+9%$192.1M-$40.5M
Q4 2024$2.9B+8%$15.7M$255.7M
Q2 2025$2.8B+6%$329.1M$77.3M
Q4 2025$3B+5%$232M$50.8M
Q2 2026$3.7B+35%$345.7M$0
PeriodGross marginOperating marginNet marginROEROA
Q4 2022+19.4%+12.3%+5.8%+2.1%+1.3%
Q2 2023+20.7%+11.1%+7.4%+2.4%+1.4%
Q4 2023+17.7%+5.3%+3.2%+1.1%+0.7%
Q2 2024+22.5%+14.0%+7.4%+2.5%+1.5%
Q4 2024+17.2%+9.7%+0.5%+0.2%+0.1%
Q2 2025+19.6%+11.2%+11.9%+4.1%+2.5%
Q4 2025+15.6%+7.4%+7.7%+2.8%+1.8%
Q2 2026+27.1%+20.6%+9.3%+3.4%+2.1%
PeriodCashDebtNet debtCurrent ratio
Q4 2022$853.4M$2.5B$1.7B2.64
Q2 2023$603.9M$2.9B$2.3B2.22
Q4 2023$522.5M$2.9B$2.4B2.33
Q2 2024$515.9M$3B$2.4B2.22
Q4 2024$496.5M$2.8B$2.3B2.02
Q2 2025$397M$3.2B$2.8B2.02
Q4 2025$443M$2.9B$2.5B1.85
Q2 2026$1.4B$3.9B$2.5B2.27
PeriodMarket capEnterprise valueP/SP/E
Q4 2022$3.5B$5.2B1.35.5
Q2 2023$3B$5.3B1.34.3
Q4 2023$2.6B$5B1.07.4
Q2 2024$2.6B$5B1.03.4
Q4 2024$2.6B$4.9B0.942.5
Q2 2025$3.5B$6.3B1.32.7
Q4 2025$4.2B$6.6B1.44.5
Q2 2026$16.7B$19.2B4.512.1

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$3.7BQ2 2026
$957.9M$1.9B$2.9B$3.8BQ4 2020: $3BQ2 2021: $3.4BQ4 2021: $3.8BQ2 2022: $3.5BQ4 2022: $2.7BQ2 2023: $2.4BQ4 2023: $2.7BQ2 2024: $2.6BQ4 2024: $2.9BQ2 2025: $2.8BQ4 2025: $3BQ2 2026: $3.7BQ4 2020Q2 2026
Net income$345.7MQ2 2026
$182.2M$364.4M$546.6M$728.8MQ4 2020: $464.5MQ2 2021: $645.3MQ4 2021: $728.8MQ2 2022: $307.2MQ4 2022: $158.8MQ2 2023: $177.2MQ4 2023: $85.8MQ2 2024: $192.1MQ4 2024: $15.7MQ2 2025: $329.1MQ4 2025: $232MQ2 2026: $345.7MQ4 2020Q2 2026
EBITDA$932.2MQ2 2026
$296.5M$593M$889.5M$1.2BQ4 2020: $834.1MQ2 2021: $980.9MQ4 2021: $1.2BQ2 2022: $881MQ4 2022: $460.4MQ2 2023: $392.1MQ4 2023: $318.6MQ2 2024: $485.3MQ4 2024: $405.8MQ2 2025: $451.3MQ4 2025: $377.8MQ2 2026: $932.2MQ4 2020Q2 2026
Free cash flow$0Q2 2026
$130.1M$300.6M$471.2M$641.8MQ4 2020: $641.8MQ2 2021: $447.6MQ4 2021: $477MQ2 2022: $445.9MQ4 2022: $286.2MQ2 2023: $138.1MQ4 2023: $26.5MQ2 2024: -$40.5MQ4 2024: $255.7MQ2 2025: $77.3MQ4 2025: $50.8MQ2 2026: $0Q4 2020Q2 2026
EPS$0.31Q2 2026
$0.16$0.33$0.49$0.66Q4 2020: $0.42Q2 2021: $0.58Q4 2021: $0.66Q2 2022: $0.28Q4 2022: $0.14Q2 2023: $0.16Q4 2023: $0.08Q2 2024: $0.17Q4 2024: $0.01Q2 2025: $0.3Q4 2025: $0.21Q2 2026: $0.31Q4 2020Q2 2026
Cash / Debt$1.4BQ2 2026
$983.9M$2B$3B$3.9BQ4 2020 · Cash: $837.5MQ4 2020 · Debt: $2.2BQ2 2021 · Cash: $618.9MQ2 2021 · Debt: $2.2BQ4 2021 · Cash: $702.8MQ4 2021 · Debt: $2.3BQ2 2022 · Cash: $870.4MQ2 2022 · Debt: $2.5BQ4 2022 · Cash: $853.4MQ4 2022 · Debt: $2.5BQ2 2023 · Cash: $603.9MQ2 2023 · Debt: $2.9BQ4 2023 · Cash: $522.5MQ4 2023 · Debt: $2.9BQ2 2024 · Cash: $515.9MQ2 2024 · Debt: $3BQ4 2024 · Cash: $496.5MQ4 2024 · Debt: $2.8BQ2 2025 · Cash: $397MQ2 2025 · Debt: $3.2BQ4 2025 · Cash: $443MQ4 2025 · Debt: $2.9BQ2 2026 · Cash: $1.4BQ2 2026 · Debt: $3.9BQ4 2020Q2 2026
CashDebt
Profitability+27.1%Q2 2026
+8.4%+16.9%+25.3%+33.7%Q4 2020 · Gross margin: +30.6%Q2 2021 · Gross margin: +32.5%Q4 2021 · Gross margin: +33.7%Q2 2022 · Gross margin: +29.4%Q4 2022 · Gross margin: +19.4%Q2 2023 · Gross margin: +20.7%Q4 2023 · Gross margin: +17.7%Q2 2024 · Gross margin: +22.5%Q4 2024 · Gross margin: +17.2%Q2 2025 · Gross margin: +19.6%Q4 2025 · Gross margin: +15.6%Q2 2026 · Gross margin: +27.1%Q4 2020 · Operating margin: +23.7%Q2 2021 · Operating margin: +25.6%Q4 2021 · Operating margin: +27.5%Q2 2022 · Operating margin: +21.5%Q4 2022 · Operating margin: +12.3%Q2 2023 · Operating margin: +11.1%Q4 2023 · Operating margin: +5.3%Q2 2024 · Operating margin: +14.0%Q4 2024 · Operating margin: +9.7%Q2 2025 · Operating margin: +11.2%Q4 2025 · Operating margin: +7.4%Q2 2026 · Operating margin: +20.6%Q4 2020 · Net margin: +15.4%Q2 2021 · Net margin: +19.0%Q4 2021 · Net margin: +19.0%Q2 2022 · Net margin: +8.7%Q4 2022 · Net margin: +5.8%Q2 2023 · Net margin: +7.4%Q4 2023 · Net margin: +3.2%Q2 2024 · Net margin: +7.4%Q4 2024 · Net margin: +0.5%Q2 2025 · Net margin: +11.9%Q4 2025 · Net margin: +7.7%Q2 2026 · Net margin: +9.3%Q4 2020Q2 2026
Gross marginOperating marginNet margin
Revenue growth+34.8%Q2 2026
-15.8%+1.0%+17.9%+34.8%Q4 2021: +27.4%Q2 2022: +4.2%Q4 2022: -28.3%Q2 2023: -32.7%Q4 2023: -2.6%Q2 2024: +9.1%Q4 2024: +8.0%Q2 2025: +5.8%Q4 2025: +4.8%Q2 2026: +34.8%Q4 2020Q2 2026
Shares outstanding1.1BQ2 2026
279.7M559.4M839.2M1.1BQ4 2020: 1.1BQ2 2021: 1.1BQ4 2021: 1.1BQ2 2022: 1.1BQ4 2022: 1.1BQ2 2023: 1.1BQ4 2023: 1.1BQ2 2024: 1.1BQ4 2024: 1.1BQ2 2025: 1.1BQ4 2025: 1.1BQ2 2026: 1.1BQ4 2020Q2 2026
Valuation12.1Q2 2026
10.621.231.842.5Q4 2020 · P/E: 2.5Q2 2021 · P/E: 2.4Q4 2021 · P/E: 1.8Q2 2022 · P/E: 3.4Q4 2022 · P/E: 5.5Q2 2023 · P/E: 4.3Q4 2023 · P/E: 7.4Q2 2024 · P/E: 3.4Q4 2024 · P/E: 42.5Q2 2025 · P/E: 2.7Q4 2025 · P/E: 4.5Q2 2026 · P/E: 12.1Q4 2020 · P/S: 1.5Q2 2021 · P/S: 1.8Q4 2021 · P/S: 1.4Q2 2022 · P/S: 1.2Q4 2022 · P/S: 1.3Q2 2023 · P/S: 1.3Q4 2023 · P/S: 1.0Q2 2024 · P/S: 1.0Q4 2024 · P/S: 0.9Q2 2025 · P/S: 1.3Q4 2025 · P/S: 1.4Q2 2026 · P/S: 4.5Q4 2020Q2 2026
P/EP/S
Revenue$5.8B2025
$1.8B$3.6B$5.4B$7.2B2018: $5.9B2019: $5.2B2020: $5.5B2021: $7.2B2022: $6.3B2023: $5.1B2024: $5.5B2025: $5.8B20182025
Net income$561.2M2025
$343.5M$687.1M$1B$1.4B2018: $774.6M2019: $394.5M2020: $599.6M2021: $1.4B2022: $466M2023: $263M2024: $207.9M2025: $561.2M20182025
EBITDA$829.1M2025
$559M$1.1B$1.7B$2.2B2018: $1.2B2019: $1B2020: $1.3B2021: $2.2B2022: $1.1B2023: $752.4M2024: $891.2M2025: $829.1M20182025
Free cash flow-$121.6M2025
$158.3M$438.3M$718.2M$998.1M2018: $90.9M2019: $572.8M2020: $998.1M2021: $711.7M2022: $674.5M2023: $149.8M2024: $196.1M2025: -$121.6M20182025
EPS$0.52025
$0.31$0.62$0.93$1.242018: $0.722019: $0.362020: $0.542021: $1.242022: $0.422023: $0.242024: $0.192025: $0.520182025
Cash / Debt$443M2025
$877M$1.8B$2.6B$3.5B2018 · Cash: $952.8M2018 · Debt: $3.5B2019 · Cash: $797.7M2019 · Debt: $3.1B2020 · Cash: $837.5M2020 · Debt: $2.2B2021 · Cash: $702.8M2021 · Debt: $2.3B2022 · Cash: $853.4M2022 · Debt: $2.5B2023 · Cash: $521.2M2023 · Debt: $2.9B2024 · Cash: $496.5M2024 · Debt: $2.8B2025 · Cash: $443M2025 · Debt: $2.9B20182025
CashDebt
Profitability+17.5%2025
+8.3%+16.6%+24.9%+33.2%2018 · Gross margin: +22.4%2019 · Gross margin: +21.9%2020 · Gross margin: +28.1%2021 · Gross margin: +33.2%2022 · Gross margin: +25.1%2023 · Gross margin: +19.1%2024 · Gross margin: +19.7%2025 · Gross margin: +17.5%2018 · Operating margin: +17.0%2019 · Operating margin: +14.4%2020 · Operating margin: +20.8%2021 · Operating margin: +26.7%2022 · Operating margin: +17.5%2023 · Operating margin: +10.3%2024 · Operating margin: +11.7%2025 · Operating margin: +9.2%2018 · Net margin: +13.2%2019 · Net margin: +7.5%2020 · Net margin: +10.8%2021 · Net margin: +19.0%2022 · Net margin: +7.4%2023 · Net margin: +5.2%2024 · Net margin: +3.8%2025 · Net margin: +9.7%20182025
Gross marginOperating marginNet margin
Revenue growth+5.3%2025
-7.1%+5.4%+17.9%+30.4%2019: -10.5%2020: +5.7%2021: +30.4%2022: -13.0%2023: -19.6%2024: +8.5%2025: +5.3%20182025
Shares outstanding1.1B2025
277.6M555.1M832.7M1.1B2018: 1.1B2019: 1.1B2020: 1.1B2021: 1.1B2022: 1.1B2023: 1.1B2024: 1.1B2025: 1.1B20182025
Valuation7.42025
3.26.49.512.72018 · P/E: 3.72019 · P/E: 8.72020 · P/E: 7.72021 · P/E: 3.92022 · P/E: 7.52023 · P/E: 9.72024 · P/E: 12.72025 · P/E: 7.42018 · P/S: 0.52019 · P/S: 0.72020 · P/S: 0.82021 · P/S: 0.72022 · P/S: 0.62023 · P/S: 0.52024 · P/S: 0.52025 · P/S: 0.720182025
P/EP/S

Next catalyst

Catalysts

Earnings
2027-03-22
Revenue est. - · Updated 1h ago
Dividend
$0.73
2026-12-11

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
Hong Kong Stock Exchange
Regular hours
09:30 AM04:00 PM
Next holiday
Oct 1, 2026 · National Day

Research data

Analysts, filings and peer context

Estimates

3
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.38$8.2B+42%1
FY 202712.40$9.9B+71%1
FY 202814.05$10.7B+85%1

Company events

6
2027-03-22Earnings--
2026-12-11Dividend$0.73-
2026-08-24EarningsActual 2.42 / Estimate --
2026-06-11Dividend$1.51-
2026-03-16EarningsActual 1.64 / Estimate --
2025-12-12Dividend$0.69-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering KBHLD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade KBHLD perpetual futures?

Kingboard Holdings Limited (KBHLD) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade KBHLD around the clock?

Yes. Unlike the underlying stock, KBHLD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on KBHLD perpetuals?

Right now the KBHLD perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the KBHLD perp price compare to the Kingboard Holdings Limited stock?

The venue-median KBHLD perp mark is $7.6 versus a reference stock price of $7.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a KBHLD perpetual future?

A KBHLD perpetual is a derivative that tracks the price of Kingboard Holdings Limited with no expiry date. It lets you take long or short exposure to Kingboard Holdings Limited on crypto venues, around the clock.

What is KBHLDUSDT perpetual?

KBHLDUSDT is the symbol most crypto exchanges use for the Kingboard Holdings Limited perpetual settled in USDT (Tether). It tracks the KBHLD share price through an index, trades 24/7 with leverage and never expires.

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