E-Power Inc. Financials
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).
Persistent gross losses and financing dependence—not revenue growth—define E-Power’s current operating mechanic.
Revenue contracted in FY2025 while gross margin moved from-8.9% to-12.6% , revealing weaker unit economics rather than a pure volume setback. The cash balance rose to$21.8M alongside$54.5M of financing inflows, even as operations consumed cash, indicating liquidity was funded externally rather than earned.
Liabilities were
With gross margin at
Financial Health Signals
E-Power Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
E-Power Inc. scores -0.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($16.6M) 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
E-Power Inc. generated $46.4M in revenue in fiscal year 2025. This represents a decrease of 28.6% from the prior year.
E-Power Inc.'s EBITDA was -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.7% from the prior year.
E-Power Inc. reported -$16.6M in net income in fiscal year 2025. This represents a decrease of 41.3% from the prior year.
E-Power Inc. earned -$0.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 18.7% from the prior year.
Cash & Balance Sheet
E-Power Inc. recorded an outflow of $31.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 303.6% from the prior year.
E-Power Inc. held $21.8M in cash against $39.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
E-Power Inc.'s gross margin was -12.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.
E-Power Inc.'s operating margin was -34.5% in fiscal year 2025, reflecting core business profitability. This is down 9.0 percentage points from the prior year.
E-Power Inc.'s net profit margin was -35.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 17.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
E-Power Inc. invested $2.0M in research and development in fiscal year 2025. This represents a decrease of 22.0% from the prior year.
E-Power Inc. invested $6.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 159.3% from the prior year.
Not reported for fiscal year 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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.4M-28.6% | $65.0M+44.3% | $45.1M+18.2% | $38.1M+414.6% | $7.4M-68.0% | $23.2M+29.3% | $17.9M+32.4% | $13.5M |
| Cost of Revenue | $52.3M-26.2% | $70.8M+3481.5% | $2.0M-95.0% | $39.5M+915.7% | $3.9M+30.4% | $3.0M | N/A | N/A |
| Gross Profit | -$5.8M-0.9% | -$5.8M-113.5% | $43.1M+3289.8% | -$1.4M-138.3% | $3.5M-82.6% | $20.2M | N/A | N/A |
| R&D Expenses | $2.0M-22.0% | $2.5M+110.2% | $1.2M+13.2% | $1.1M-51.0% | $2.2M+220.5% | $671K-15.6% | $796K+19.6% | $665K |
| SG&A Expenses | $7.3M-0.8% | $7.4M-43.3% | $13.0M+2.8% | $12.7M+61.8% | $7.8M+101.0% | $3.9M+34.5% | $2.9M+65.6% | $1.7M |
| Operating Income | -$16.0M+3.4% | -$16.6M+45.6% | -$30.5M-62.3% | -$18.8M-153.8% | -$7.4M-150.3% | $14.7M+36.7% | $10.8M+23.8% | $8.7M |
| Interest Expense | $1.1M+568.9% | $167K-71.0% | $575K+2019.9% | $27K-84.3% | $173K-19.3% | $214K | N/A | N/A |
| Income Tax | -$387-107.0% | $6K+2561.5% | -$226-100.0% | $809K+441.9% | -$237K-107.7% | $3.1M+92.2% | $1.6M+37.2% | $1.2M |
| Net Income | -$16.6M-41.3% | -$11.8M+51.4% | -$24.2M-7.1% | -$22.6M-169.4% | -$8.4M-169.5% | $12.1M+24.0% | $9.7M+30.4% | $7.5M |
| EPS (Diluted) | -$0.57-18.7% | -$0.48+55.6% | -$1.08 | -$0.98-172.2% | -$0.36-150.0% | $0.72 | N/A | N/A |
EPOW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $156.4M+9.4% | $143.0M+18.7% | $120.5M+12.6% | $107.0M+82.3% | $58.7M+47.7% | $39.7M+47.3% | $27.0M | N/A |
| Current Assets | $72.2M+14.7% | $63.0M+75.9% | $35.8M-19.8% | $44.6M+30.0% | $34.3M+21.5% | $28.3M+44.4% | $19.6M | N/A |
| Cash & Equivalents | $21.8M+1627.1% | $1.3M-9.4% | $1.4M-15.7% | $1.7M-88.1% | $13.9M+26.9% | $11.0M+16.2% | $9.4M-19.0% | $11.7M |
| Inventory | $24.1M+36.5% | $17.7M+11.5% | $15.8M-13.6% | $18.3M+490.2% | $3.1M+14.7% | $2.7M-17.7% | $3.3M | N/A |
| Accounts Receivable | $9.9M-65.7% | $29.0M+224.4% | $8.9M+72.9% | $5.2M-24.7% | $6.9M-43.8% | $12.2M+131.4% | $5.3M | N/A |
| Total Liabilities | $140.5M-8.3% | $153.3M+30.1% | $117.9M+50.4% | $78.3M+4452.4% | $1.7M-69.2% | $5.6M-19.9% | $7.0M | N/A |
| Current Liabilities | $100.7M+16.0% | $86.8M+36.6% | $63.5M+144.0% | $26.0M+1412.2% | $1.7M-69.2% | $5.6M-18.7% | $6.9M | N/A |
| Long-Term Debt | $39.6M+49.8% | $26.4M+653.1% | $3.5M+16.2% | $3.0M | N/A | N/A | N/A | N/A |
| Total Equity | -$12.1M-17.9% | -$10.3M-488.1% | $2.6M-90.8% | $28.7M-46.7% | $53.9M+58.2% | $34.0M+72.0% | $19.8M+85.7% | $10.7M |
| Retained Earnings | -$58.9M-39.4% | -$42.2M-38.7% | -$30.5M-388.7% | -$6.2M-136.1% | $17.3M-32.7% | $25.7M+78.1% | $14.4M | N/A |
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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.2M-370.1% | -$5.4M+26.5% | -$7.3M+23.9% | -$9.6M-82.9% | -$5.2M-174.1% | $7.1M+471.7% | $1.2M-78.6% | $5.8M |
| Capital Expenditures | $6.4M+159.3% | $2.5M-55.0% | $5.5M-87.5% | $43.7M+3084.7% | $1.4M-20.4% | $1.7M+999.8% | $157K+213.7% | $50K |
| Free Cash Flow | -$31.6M-303.6% | -$7.8M+38.7% | -$12.8M+76.1% | -$53.3M-706.7% | -$6.6M-223.6% | $5.3M+395.0% | $1.1M-81.1% | $5.7M |
| Investing Cash Flow | -$11.2M-1874.2% | $632K+109.0% | -$7.0M+84.6% | -$45.6M-106.4% | -$22.1M-247.1% | -$6.4M-80.6% | -$3.5M-869.7% | -$364K |
| Financing Cash Flow | $54.5M+412.2% | $10.6M-22.3% | $13.7M-70.1% | $45.8M+48.4% | $30.8M+25598.6% | $120K-49.6% | $238K-30.1% | $341K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
EPOW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -12.6%-3.7pp | -8.9%-104.5pp | 95.6%+99.2pp | -3.5%-51.1pp | 47.5%-39.6pp | 87.1% | N/A | N/A |
| Operating Margin | -34.5%-9.0pp | -25.5%+42.2pp | -67.8%-18.4pp | -49.3% | -100.0% | 63.5%+3.4pp | 60.1%-4.2pp | 64.3% |
| Net Margin | -35.8%-17.7pp | -18.1%+35.7pp | -53.8%+5.6pp | -59.4% | -113.4% | 52.1%-2.2pp | 54.4%-0.9pp | 55.2% |
| Return on Equity | N/A | N/A | -916.2%-837.2pp | -78.9%-63.3pp | -15.6%-51.1pp | 35.5%-13.7pp | 49.2%-20.9pp | 70.1% |
| Return on Assets | -10.6%-2.4pp | -8.2%+11.9pp | -20.1%+1.0pp | -21.1%-6.8pp | -14.3%-44.7pp | 30.4%-5.7pp | 36.1% | N/A |
| Current Ratio | 0.720.0x | 0.73+0.2x | 0.56-1.2x | 1.72-18.2x | 19.96+14.9x | 5.06+2.2x | 2.85 | N/A |
| Debt-to-Equity | N/A | N/A | 1.33+1.2x | 0.11+0.1x | 0.03-0.1x | 0.16-0.2x | 0.35 | N/A |
| FCF Margin | -68.0%-56.0pp | -12.0%+16.3pp | -28.3% | -139.8% | -89.2%-112.2pp | 23.1%+17.0pp | 6.0%-36.2pp | 42.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, 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.
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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.
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 -0.72, 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.