NeoVolta Inc. NEOV

Technology SIC 3690 - Miscellaneous Electrical Machinery, Equipment & Supplies NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing › Other Electrical Equipment and Component Manufacturing derived Nasdaq

of high-performance energy storage systems ("ESS") for residential and commercial applications. Our product portfolio includes

the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and most recently, the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW

/ 430 kWh commercial and industrial ("C&I") system. Our systems combine lithium iron phosphate (LiFePO₄) battery

technology with hybrid inverter capability, providing safe, flexible, and adaptable solutions for backup power, self-consumption, and

Last close 2.16 2026-10-23
Market cap $92.3M 2026-03-31 share count
52-week range 1.36 - 7.13

Valuation FY2025 figures against the last close

P/S10.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $8.4M$2.6M$3.5M$4.5M$4.8M—
Cost of revenue $6.9M$2.1M$2.8M$3.8M$4.2M—
Gross profit $1.5M$510.3K$688.0K$667.1K$647.7K—
R&D $157.3K$19.2K$29.9K$68.5K$42.8K—
SG&A $6.1M$2.8M$3.3M$6.4M$8.3M—
Total operating expenses $6.2M$2.8M$3.3M$6.4M$8.3M—
Operating income -$4.7M-$2.3M-$2.6M-$5.8M-$7.7M—
Interest expense $320.4K$0$4.1K$49.5K$24.5K—
Pre-tax income -$5.0M-$2.3M-$2.6M-$5.8M-$7.6M—
Income tax $0$0$0$0$0—
Net income -$5.0M-$2.3M-$2.6M-$5.8M-$7.6M—
EPS, basic -0.15-0.07-0.08-0.28-0.43—
EPS, diluted -0.15-0.07-0.08-0.28-0.43—
Shares, diluted (wtd. avg.) 33.6M33.2M32.0M20.6M17.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $794.8K$986.4K$2.0M$330.4K$425.7K$1.3M
Receivables $3.0M$1.8M$1.8M$1.3M$1.1M—
Inventory $2.1M$1.8M$2.6M$2.2M$1.7M—
Total current assets $6.7M$4.7M$6.5M$4.1M$3.3M—
Total assets $6.8M$4.7M$6.5M$4.1M$3.3M—
Accounts payable $689.2K$5.3K$0$205.6K$53.5K—
Short-term debt $2.6M$0————
Total current liabilities $3.5M$61.1K$39.5K$1.5M$94.2K—
Long-term debt ———$1.1M——
Total liabilities $3.9M$61.1K$39.5K$1.5M$113.6K—
Retained earnings -$25.8M-$20.7M-$18.4M-$15.8M-$10.0M—
Total equity $2.9M$4.6M$6.5M$2.6M$3.1M$3.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$4.4M-$1.0M-$2.1M-$1.2M-$883.6K—
Stock-based compensation $2.1M$432.4K$1.5M$5.3M$7.4M—
Financing cash flow $4.2M$0$3.8M$1.1M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-25-007304.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M -5M 0 5M 10M Revenue, FY2021: 4.8M Gross profit, FY2021: 647.7K Net income, FY2021: -7.6M Revenue, FY2022: 4.5M Gross profit, FY2022: 667.1K Net income, FY2022: -5.8M Revenue, FY2023: 3.5M Gross profit, FY2023: 688K Net income, FY2023: -2.6M Revenue, FY2024: 2.6M Gross profit, FY2024: 510.3K Net income, FY2024: -2.3M Revenue, FY2025: 8.4M Gross profit, FY2025: 1.5M Net income, FY2025: -5M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $4.8M $4.5M $3.5M $2.6M $8.4M
Gross profit — $647.7K $667.1K $688.0K $510.3K $1.5M
Net income — -$7.6M -$5.8M -$2.6M -$2.3M -$5.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed Item 1.01
  • Unregistered share sale Item 3.02
  • Material agreement signed Item 1.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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