E-Power Inc. Financials

EPOW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows E-Power Inc. (EPOW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 27/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

E-Power Inc. has an operating margin of -25.5%, meaning the company retains $-26 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -67.8% the prior year.

Growth

100

E-Power Inc.'s revenue surged 44.3% year-over-year to $65.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity

E-Power Inc.'s current ratio of 0.73 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.

Cash Flow

While E-Power Inc. generated -$5.4M in operating cash flow, capex of $2.5M consumed most of it, leaving -$7.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

E-Power Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.45x

For every $1 of reported earnings, E-Power Inc. generates $0.45 in operating cash flow (-$5.4M OCF vs -$11.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-8.2x

E-Power Inc. earns $-8.2 in operating income for every $1 of interest expense (-$16.6M vs $2.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$65.0M

YoY+44.3%

5Y CAGR+29.4%

E-Power Inc. generated $65.0M in revenue in fiscal year 2024. This represents an increase of 44.3% from the prior year.

EBITDA

-$11.7M

YoY+55.9%

E-Power Inc.'s EBITDA was -$11.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.9% from the prior year.

Free Cash Flow

-$7.8M

YoY+38.7%

E-Power Inc. generated -$7.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 38.7% from the prior year.

Net Income

-$11.8M

YoY+51.4%

E-Power Inc. reported -$11.8M in net income in fiscal year 2024. This represents an increase of 51.4% from the prior year.

EPS (Diluted)

$-0.48

YoY+55.6%

E-Power Inc. earned $-0.48 per diluted share (EPS) in fiscal year 2024. This represents an increase of 55.6% from the prior year.

Cash & Debt

$1.3M

YoY-9.4%

5Y CAGR-33.1%

E-Power Inc. held $1.3M in cash against $26.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

-8.9%

YoY+18.6pp

E-Power Inc.'s gross margin was -8.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 18.6 percentage points from the prior year.

Operating Margin

-25.5%

YoY+42.2pp

5Y CAGR-85.6pp

E-Power Inc.'s operating margin was -25.5% in fiscal year 2024, reflecting core business profitability. This is up 42.2 percentage points from the prior year.

Net Margin

-18.1%

YoY+35.7pp

5Y CAGR-72.5pp

E-Power Inc.'s net profit margin was -18.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 35.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$2.5M

YoY+110.2%

5Y CAGR+25.8%

E-Power Inc. invested $2.5M in research and development in fiscal year 2024. This represents an increase of 110.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.5M

YoY-55.0%

5Y CAGR+73.5%

E-Power Inc. invested $2.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 55.0% from the prior year.

EPOW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$65.0M+44.3%	$45.1M+18.2%	$38.1M+414.6%	$7.4M-68.0%	$23.2M+29.3%	$17.9M
Cost of Revenue	$70.8M+3481.5%	$2.0M-95.0%	$39.5M+915.7%	$3.9M+30.4%	$3.0M	N/A
Gross Profit	-$5.8M+53.3%	-$12.4M-818.5%	-$1.4M-138.3%	$3.5M-82.6%	$20.2M	N/A
R&D Expenses	$2.5M+110.2%	$1.2M+13.2%	$1.1M-51.0%	$2.2M+220.5%	$671K-15.6%	$796K
SG&A Expenses	$7.4M-43.3%	$13.0M+2.8%	$12.7M+61.8%	$7.8M+101.0%	$3.9M+34.5%	$2.9M
Operating Income	-$16.6M+45.6%	-$30.5M-62.3%	-$18.8M-153.8%	-$7.4M-150.3%	$14.7M+36.7%	$10.8M
Interest Expense	$2.0M-6.6%	$2.2M+7870.0%	$27K-84.3%	$173K-19.3%	$214K	N/A
Income Tax	$6K+2561.5%	-$226-100.0%	$809K+441.9%	-$237K-107.7%	$3.1M+92.2%	$1.6M
Net Income	-$11.8M+51.4%	-$24.2M-7.1%	-$22.6M-169.4%	-$8.4M-169.5%	$12.1M+24.0%	$9.7M
EPS (Diluted)	$-0.48+55.6%	$-1.08	$-0.98-172.2%	$-0.36-150.0%	$0.72	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EPOW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$143.0M+18.7%	$120.5M+12.6%	$107.0M+82.3%	$58.7M+47.7%	$39.7M+47.3%	$27.0M
Current Assets	$63.0M+75.9%	$35.8M-19.8%	$44.6M+30.0%	$34.3M+21.5%	$28.3M+44.4%	$19.6M
Cash & Equivalents	$1.3M-9.4%	$1.4M-15.7%	$1.7M-88.1%	$13.9M+26.9%	$11.0M+16.2%	$9.4M
Inventory	$17.7M+11.5%	$15.8M-13.6%	$18.3M+490.2%	$3.1M+14.7%	$2.7M-17.7%	$3.3M
Accounts Receivable	$29.0M+224.4%	$8.9M+72.9%	$5.2M-24.7%	$6.9M-43.8%	$12.2M+131.4%	$5.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$153.3M+30.1%	$117.9M+50.4%	$78.3M+4452.4%	$1.7M-69.2%	$5.6M-19.9%	$7.0M
Current Liabilities	$86.8M+36.6%	$63.5M+144.0%	$26.0M+1412.2%	$1.7M-69.2%	$5.6M-18.7%	$6.9M
Long-Term Debt	$26.4M+653.1%	$3.5M+16.2%	$3.0M-43.9%	$5.4M	N/A	N/A
Total Equity	-$10.3M-488.1%	$2.6M-90.8%	$28.7M-46.7%	$53.9M+58.2%	$34.0M+72.0%	$19.8M
Retained Earnings	-$42.2M-38.7%	-$30.5M-388.7%	-$6.2M-136.1%	$17.3M-32.7%	$25.7M+78.1%	$14.4M

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Total Assets	$143.0M+1.0%	$141.6M+17.5%	$120.5M-0.8%	$121.5M+13.5%	$107.0M+6.0%	$101.0M+72.0%	$58.7M+47.7%	$39.7M
Current Assets	$63.0M+3.2%	$61.1M+70.5%	$35.8M-32.3%	$52.9M+18.5%	$44.6M-9.4%	$49.3M+43.4%	$34.3M+21.5%	$28.3M
Cash & Equivalents	$1.3M-91.7%	$15.2M+991.4%	$1.4M-76.0%	$5.8M+250.9%	$1.7M-92.5%	$22.1M+58.5%	$13.9M+26.9%	$11.0M
Inventory	$17.7M-30.1%	$25.3M+59.5%	$15.8M+446.3%	$2.9M-84.2%	$18.3M+60.4%	$11.4M+267.9%	$3.1M+14.7%	$2.7M
Accounts Receivable	$29.0M+128.6%	$12.7M+41.9%	$8.9M-33.7%	$13.5M+160.7%	$5.2M+159.4%	$2.0M-71.0%	$6.9M-43.8%	$12.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$153.3M+6.2%	$144.3M+22.4%	$117.9M+19.9%	$98.3M+25.4%	$78.3M+38.5%	$56.6M+3188.1%	$1.7M-69.2%	$5.6M
Current Liabilities	$86.8M+22.9%	$70.6M+11.2%	$63.5M+56.4%	$40.6M+56.0%	$26.0M+118.8%	$11.9M+591.2%	$1.7M-69.2%	$5.6M
Long-Term Debt	$26.4M	N/A	$3.5M+447.5%	$641K-78.8%	$3.0M	N/A	$5.4M	N/A
Total Equity	-$10.3M-272.7%	-$2.8M-204.1%	$2.6M-88.6%	$23.2M-19.1%	$28.7M-35.4%	$44.4M-17.6%	$53.9M+58.2%	$34.0M
Retained Earnings	-$42.2M-21.0%	-$34.9M-14.6%	-$30.5M-178.4%	-$10.9M-75.5%	-$6.2M-164.2%	$9.7M-43.8%	$17.3M-32.7%	$25.7M

EPOW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$5.4M+26.5%	-$7.3M+23.9%	-$9.6M-82.9%	-$5.2M-174.1%	$7.1M+471.7%	$1.2M
Capital Expenditures	$2.5M-55.0%	$5.5M-87.5%	$43.7M+3084.7%	$1.4M-20.4%	$1.7M+999.8%	$157K
Free Cash Flow	-$7.8M+38.7%	-$12.8M+76.1%	-$53.3M-706.7%	-$6.6M-223.6%	$5.3M+395.0%	$1.1M
Investing Cash Flow	$632K+109.0%	-$7.0M+84.6%	-$45.6M-106.4%	-$22.1M-247.1%	-$6.4M-80.6%	-$3.5M
Financing Cash Flow	$10.6M-22.3%	$13.7M-70.1%	$45.8M+48.4%	$30.8M+25598.6%	$120K-49.6%	$238K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EPOW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	-8.9%+18.6pp	-27.5%-24.0pp	-3.5%-51.1pp	47.5%-39.6pp	87.1%	N/A
Operating Margin	-25.5%+42.2pp	-67.8%-18.4pp	-49.3%+50.7pp	-100.0%-163.5pp	63.5%+3.4pp	60.1%
Net Margin	-18.1%+35.7pp	-53.8%+5.6pp	-59.4%+54.1pp	-113.4%-165.6pp	52.1%-2.2pp	54.4%
Return on Equity	N/A	N/A	N/A	N/A	35.5%-13.7pp	49.2%
Return on Assets	-8.2%+11.9pp	-20.1%+1.0pp	-21.1%-6.8pp	-14.3%-44.7pp	30.4%-5.7pp	36.1%
Current Ratio	0.73+0.2	0.56-1.2	1.72-18.2	19.96+14.9	5.06+2.2	2.85
Debt-to-Equity	-2.57-3.9	1.33+1.2	0.110.0	0.10-0.1	0.16-0.2	0.35
FCF Margin	-12.0%+16.3pp	-28.3%+111.5pp	-139.8%-50.6pp	-89.2%-112.2pp	23.1%+17.0pp	6.0%

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.73-0.1	0.87+0.3	0.56-0.7	1.30-0.4	1.72-2.4	4.14-15.8	19.96+14.9	5.06
Debt-to-Equity	-2.57+49.8	-52.40-53.7	1.33+1.3	0.03-0.1	0.11-1.2	1.28+1.2	0.10-0.1	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$10.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is E-Power Inc.'s annual revenue?

E-Power Inc. (EPOW) reported $65.0M in total revenue for fiscal year 2024. This represents a 44.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is E-Power Inc.'s revenue growing?

E-Power Inc. (EPOW) revenue grew by 44.3% year-over-year, from $45.1M to $65.0M in fiscal year 2024.

Is E-Power Inc. profitable?

No, E-Power Inc. (EPOW) reported a net income of -$11.8M in fiscal year 2024, with a net profit margin of -18.1%.

What is E-Power Inc.'s earnings per share (EPS)?

E-Power Inc. (EPOW) reported diluted earnings per share of $-0.48 for fiscal year 2024. This represents a 55.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is E-Power Inc.'s EBITDA?

E-Power Inc. (EPOW) had EBITDA of -$11.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does E-Power Inc. have?

As of fiscal year 2024, E-Power Inc. (EPOW) had $1.3M in cash and equivalents against $26.4M in long-term debt.

What is E-Power Inc.'s gross margin?

E-Power Inc. (EPOW) had a gross margin of -8.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is E-Power Inc.'s operating margin?

E-Power Inc. (EPOW) had an operating margin of -25.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is E-Power Inc.'s net profit margin?

E-Power Inc. (EPOW) had a net profit margin of -18.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is E-Power Inc.'s free cash flow?

E-Power Inc. (EPOW) generated -$7.8M in free cash flow during fiscal year 2024. This represents a 38.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is E-Power Inc.'s operating cash flow?

E-Power Inc. (EPOW) generated -$5.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are E-Power Inc.'s total assets?

E-Power Inc. (EPOW) had $143.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are E-Power Inc.'s capital expenditures?

E-Power Inc. (EPOW) invested $2.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does E-Power Inc. spend on research and development?

E-Power Inc. (EPOW) invested $2.5M in research and development during fiscal year 2024.

What is E-Power Inc.'s current ratio?

E-Power Inc. (EPOW) had a current ratio of 0.73 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is E-Power Inc.'s debt-to-equity ratio?

E-Power Inc. (EPOW) had a debt-to-equity ratio of -2.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is E-Power Inc.'s return on assets (ROA)?

E-Power Inc. (EPOW) had a return on assets of -8.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is E-Power Inc.'s cash runway?

Based on fiscal year 2024 data, E-Power Inc. (EPOW) had $1.3M in cash against an annual operating cash burn of $5.4M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is E-Power Inc.'s debt-to-equity ratio negative or unusual?

E-Power Inc. (EPOW) has negative shareholder equity of -$10.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is E-Power Inc.'s Piotroski F-Score?

E-Power Inc. (EPOW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are E-Power Inc.'s earnings high quality?

E-Power Inc. (EPOW) has an earnings quality ratio of 0.45x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can E-Power Inc. cover its interest payments?

E-Power Inc. (EPOW) has an interest coverage ratio of -8.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is E-Power Inc.?

E-Power Inc. (EPOW) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.