E-Power Inc. (EPOW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EPOW SEC filings page.
E-Power Inc. (EPOW) reported $46.4M in revenue for fiscal year 2025, down 28.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
E-Power remains a financing-dependent business: weak gross economics, negative equity, and recurring cash outflows outweigh the asset base.
From FY2024 to FY2025, revenue fell28.6% while gross margin worsened from-8.9% to-12.6% , indicating that the smaller sales base arrived alongside weaker unit economics rather than only poorer fixed-cost absorption. Operating cash outflow widened from$5.4M to$25.2M over the same period, so accounting losses were accompanied by a sharper cash drain.
At FY2025 year-end, liabilities were
Operating and investing cash flows together consumed
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of E-Power Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
E-Power Inc. held $24.1M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $25.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and E-Power Inc. scores 33/100 among other emerging companies.
Not available for E-Power Inc., and counted as zero in the overall score.
E-Power Inc. spent $2.0M on research and development in fiscal year 2025, which was 3.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and E-Power Inc. scores 19/100 among other emerging companies.
E-Power Inc. reported revenue of $46.4M in fiscal year 2025, against $65.0M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and E-Power Inc. scores 45/100 among other emerging companies.
E-Power Inc.'s operations used $25.2M of cash in fiscal year 2025, against $5.4M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and E-Power Inc. scores 10/100 among other emerging companies.
E-Power Inc.'s cash, cash equivalents and investments came to $24.1M at the end of fiscal year 2025, against $140.5M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and E-Power Inc. scores 24/100 among other emerging companies.
E-Power Inc. scores -0.75, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.4M) relative to total liabilities ($140.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
E-Power Inc. passes 0 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
E-Power Inc. reported a net loss of $16.6M while operations used $25.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
E-Power Inc. reported an operating loss of $16.0M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
E-Power Inc. held $21.8M in cash against $39.6M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
EPOW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
EPOW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'2510-Q | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $156.4M+9.4% | $175.4M+23.9% | $143.0M+18.7% | $141.6M+16.5% | $120.5M+12.6% | $121.5M+20.3% | $107.0M+82.3% | $101.0M |
| Current Assets | $72.2M+14.7% | $90.7M+48.5% | $63.0M+75.9% | $61.1M+15.5% | $35.8M-19.8% | $52.9M+7.4% | $44.6M+30.0% | $49.3M |
| Cash & Equivalents | $21.8M+1627.1% | $19.9M+30.8% | $1.3M-9.4% | $15.2M+162.3% | $1.4M-15.7% | $5.8M-73.7% | $1.7M-88.1% | $22.1M |
| Short-Term Investments | $0 | $0 | $0-100.0% | $0-100.0% | $86K-97.4% | $3.3M-28.8% | $3.3M-44.0% | $4.6M |
| Inventory | $24.1M+36.5% | $30.3M+20.0% | $17.7M+11.5% | $25.3M+771.5% | $15.8M-13.6% | $2.9M-74.6% | $18.3M+490.2% | $11.4M |
| Accounts Receivable | $9.9M-65.7% | $23.3M+83.8% | $29.0M+224.4% | $12.7M-5.8% | $8.9M+72.9% | $13.5M+576.3% | $5.2M-24.7% | $2.0M |
| Long-Term Investments | $2.2M+11.9% | $2.1M+9.0% | $2.0M+6.8% | $1.9M-33.8% | $1.9M-37.7% | $2.9M-43.2% | $3.0M-43.9% | $5.1M |
| Total Liabilities | $140.5M-8.3% | $186.4M+29.1% | $153.3M+30.1% | $144.3M+46.9% | $117.9M+50.4% | $98.3M+73.7% | $78.3M+4452.4% | $56.6M |
| Current Liabilities | $100.7M+16.0% | $109.4M+55.0% | $86.8M+36.6% | $70.6M+73.9% | $63.5M+144.0% | $40.6M+241.2% | $26.0M+1412.2% | $11.9M |
| Non-Current Liabilities | $39.9M+37.6% | $40.7M+27.1% | $29.0M+148.0% | $32.0M+124.1% | $11.7M+53.0% | $14.3M-68.0% | $7.6M | $44.7M |
| Long-Term Debt | $39.6M+49.8% | $38.9M | $26.4M+653.1% | N/A | $3.5M+16.2% | $641K | $3.0M | N/A |
| Total Equity | -$12.1M-17.9% | -$11.0M-297.9% | -$10.3M-488.1% | -$2.8M-111.9% | $2.6M-90.8% | $23.2M-47.7% | $28.7M-46.7% | $44.4M |
| Retained Earnings | -$58.9M-39.4% | -$43.5M-24.6% | -$42.2M-38.7% | -$34.9M-219.1% | -$30.5M-388.7% | -$10.9M-212.7% | -$6.2M-136.1% | $9.7M |
Not reported in any period shown, so not listed: Goodwill.
EPOW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
EPOW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$12.1M), 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 (0.72), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| E-Power Inc. EPOW | FY2025 | $46.4M | -$16.6M | -35.8% | $8.4M | 22/100 |
| Flux Power Holdings, Inc. FLUX | FY2026 | $42.1M | -$7.4M | -17.7% | $10.2M | 20/100 |
| CCSC Technology International Holdings Limited CCTG | FY2026 | $17.3M | -$4.8M | -27.8% | $6.8M | 32/100 |
| ESS Tech, Inc. GWH | FY2025 | $1.6M | $63.4M | N/A | $6.3M | 40/100 |
| Dragonfly Energy Holdings Corp. DFLI | FY2025 | $58.6M | -$69.9M | N/A | $884K | 39/100 |
| Orion Energy Systems, Inc. OESX | FY2026 | $86.3M | -$3.2M | -3.7% | $105.6M | 51/100 |
Where E-Power Inc. Ranks
Frequently Asked Questions
What is E-Power Inc.'s annual revenue?
E-Power Inc. (EPOW) reported $46.4M in total revenue for fiscal year 2025. This represents a -28.6% 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 declined by 28.6% year-over-year, from $65.0M to $46.4M in fiscal year 2025.
Is E-Power Inc. profitable?
No, E-Power Inc. (EPOW) reported a net income of -$16.6M in fiscal year 2025, with a net profit margin of -35.8%.
What is E-Power Inc.'s EBITDA?
E-Power Inc. (EPOW) had EBITDA of -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does E-Power Inc. have?
As of fiscal year 2025, E-Power Inc. (EPOW) had $21.8M in cash and equivalents against $39.6M in long-term debt.
What is E-Power Inc.'s gross margin?
E-Power Inc. (EPOW) had a gross margin of -12.6% in fiscal year 2025, 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 -34.5% in fiscal year 2025, 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 -35.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is E-Power Inc.'s free cash flow?
E-Power Inc. (EPOW) recorded an outflow of $31.6M in free cash flow during fiscal year 2025. This represents a -303.6% 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) recorded an outflow of $25.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are E-Power Inc.'s total assets?
E-Power Inc. (EPOW) had $156.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are E-Power Inc.'s capital expenditures?
E-Power Inc. (EPOW) invested $6.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does E-Power Inc. spend on research and development?
E-Power Inc. (EPOW) invested $2.0M in research and development during fiscal year 2025.
What is E-Power Inc.'s current ratio?
E-Power Inc. (EPOW) had a current ratio of 0.72 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is E-Power Inc.'s return on assets (ROA)?
E-Power Inc. (EPOW) had a return on assets of -10.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is E-Power Inc.'s P/E ratio?
E-Power Inc. (EPOW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $8.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is E-Power Inc.'s price-to-sales ratio?
E-Power Inc. (EPOW) trades at 0.2x sales, its market capitalization divided by revenue of $46.4M revenue, FY2025. The market capitalization is $8.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does E-Power Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, E-Power Inc. (EPOW) held $24.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $25.2M over that year. Dividing the one by the other, the reported balance equals about 11 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is E-Power Inc.'s debt-to-equity ratio negative or not reported?
E-Power Inc. (EPOW) has negative shareholder equity of -$12.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
E-Power Inc. (EPOW) has an Altman Z-Score of -0.75, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is E-Power Inc.'s Piotroski F-Score?
E-Power Inc. (EPOW) has a Piotroski F-Score of 0 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $16.6M while operations used $25.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $16.0M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 22 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.