What is EVOAIR HLDGS INC's earnings per share (EPS)?

EVOAIR HLDGS INC (EVOH) reported diluted earnings per share of $-0.55 for fiscal year 2025. This represents a 45.5% 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.

EVOAIR HLDGS INC Financials

EVOH

Source SEC Filings (10-K/10-Q) Data as of May 31, 2026 Currency USD FYE August

This page shows EVOAIR HLDGS INC (EVOH) financial statements, including the 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).

Rhea AI EVOH FY2025 2026-07-10

Low reported leverage masks a business that is liquidity-starved, funding an operating cash burn with short-term obligations and financing.

By FY2025, current liabilities made up almost the entire liability stack, at $3.21M of $3.25M. With cash at only $93K, the current ratio fell from 2.1x in FY2023 to 0.2x in FY2025, so the pressure point is near-term cash timing rather than long-term solvency.

The net loss of $14.6M was far larger than free cash burn of $1.18M, and capex was negligible, which means reported losses were driven more by non-cash charges and overhead than by heavy reinvestment. That is why financing inflows of $1.17M nearly matched operating cash outflow of $1.16M in FY2025: external funding, not internal cash generation, kept the business moving.

FY2025 revenue roughly doubled versus FY2024, but the company still posted a gross loss and carried SG&A of $14.9M against just $285K of sales, so the operating issue is that the cost structure remains many times larger than the business's current scale. Meanwhile, total assets fell from $79.0M in FY2023 to $45.7M in FY2025, so the company is consuming balance-sheet capacity even as the revenue base remains very small.

Financial Health Signals

Financial health score pending refresh

We are recalculating EVOAIR HLDGS INC's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe

3.22

EVOAIR HLDGS INC scores 3.22, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($32.6M) relative to total liabilities ($3.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

EVOAIR HLDGS INC passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.08x

For every $1 of reported earnings, EVOAIR HLDGS INC generates $0.08 in operating cash flow (-$1.2M OCF vs -$14.6M 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

-97972.2x

EVOAIR HLDGS INC earns $-97972.2 in operating income for every $1 of interest expense (-$15.0M vs $153). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$285K

YoY+110.0%

EVOAIR HLDGS INC generated $285K in revenue in fiscal year 2025. This represents an increase of 110.0% from the prior year.

EBITDA

-$11.9M

YoY+45.6%

EVOAIR HLDGS INC's EBITDA was -$11.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.6% from the prior year.

Net Income

-$14.6M

YoY+43.5%

EVOAIR HLDGS INC reported -$14.6M in net income in fiscal year 2025. This represents an increase of 43.5% from the prior year.

EPS (Diluted)

$-0.55

YoY+45.5%

EVOAIR HLDGS INC earned $-0.55 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.2M

YoY-8.3%

EVOAIR HLDGS INC generated -$1.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.3% from the prior year.

Cash & Debt

$93K

YoY-39.0%

5Y CAGR+75.1%

EVOAIR HLDGS INC held $93K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

27M

YoY+5.8%

EVOAIR HLDGS INC had 27M shares outstanding in fiscal year 2025. This represents an increase of 5.8% from the prior year.

Margins & Returns

Gross Margin

-6.9%

YoY-0.8pp

EVOAIR HLDGS INC's gross margin was -6.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin

-5265.7%

YoY+14150.3pp

EVOAIR HLDGS INC's operating margin was -5265.7% in fiscal year 2025, reflecting core business profitability. This is up 14150.3 percentage points from the prior year.

Net Margin

-5138.3%

YoY+13952.3pp

EVOAIR HLDGS INC's net profit margin was -5138.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13952.3 percentage points from the prior year.

Return on Equity

-34.5%

YoY+15.8pp

EVOAIR HLDGS INC's ROE was -34.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$17K

YoY-88.4%

EVOAIR HLDGS INC invested $17K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 88.4% from the prior year.

EVOH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$285K+110.0%	$136K+23.1%	$110K-90.7%	$1.2M+53.7%	$775K	N/A
Cost of Revenue	$304K-5.8%	$323K-23.8%	$424K-55.5%	$952K+89.3%	$503K	N/A
Gross Profit	-$20K-137.6%	-$8K+77.0%	-$36K-115.2%	$238K-12.3%	$272K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$14.9M-43.1%	$26.3M+332.9%	$6.1M+25.9%	$4.8M+248.4%	$1.4M+9521.4%	$14K
Operating Income	-$15.0M+43.0%	-$26.3M-329.1%	-$6.1M-32.8%	-$4.6M-304.4%	-$1.1M	N/A
Interest Expense	$153+7.7%	$142+1390.9%	-$11+100.0%	-$1.0M-3818.7%	-$26K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$14.6M+43.5%	-$25.9M-327.2%	-$6.1M-15.8%	-$5.2M-382.3%	-$1.1M-7452.8%	-$14K
EPS (Diluted)	$-0.55+45.5%	$-1.01-320.8%	$-0.24-200.0%	$-0.08	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$124K+82.8%	$68K+230.5%	$20K-83.5%	$124K+233.2%	$37K-47.5%	$71K+37.0%	$52K	N/A
Cost of Revenue	$117K+87.9%	$62K+173.9%	$23K-83.3%	$136K+1496.1%	$9K-87.9%	$70K-22.2%	$90K	N/A
Gross Profit	$7K+25.3%	$5K+343.7%	-$2K+80.5%	-$11K-139.7%	$29K+2622.2%	$1K+102.8%	-$38K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.1M+7.9%	$1.0M-2.9%	$1.0M-86.8%	$7.9M+537.4%	$1.2M-3.1%	$1.3M-72.3%	$4.6M	N/A
Operating Income	-$1.1M-7.5%	-$1.0M+3.3%	-$1.0M+86.8%	-$7.9M-550.7%	-$1.2M+5.2%	-$1.3M+72.5%	-$4.6M	N/A
Interest Expense	-$43-258.3%	-$12	N/A	$6+118.8%	-$32-135.2%	$91+3.4%	$88	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.0M-7.9%	-$939K+4.0%	-$978K+87.4%	-$7.7M-593.1%	-$1.1M+7.3%	-$1.2M+73.5%	-$4.6M	N/A
EPS (Diluted)	$-0.04-33.3%	$-0.03+25.0%	$-0.04	N/A	$-0.040.0%	$-0.04+77.8%	$-0.18	N/A

EVOH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$45.7M-14.2%	$53.3M-32.6%	$79.0M-4.9%	$83.1M+2372.5%	$3.4M+55746.0%	$6K
Current Assets	$528K-33.3%	$791K-61.8%	$2.1M+22.6%	$1.7M-47.6%	$3.2M+56714.2%	$6K
Cash & Equivalents	$93K-39.0%	$153K-80.4%	$779K+411.5%	$152K-91.1%	$1.7M+30113.0%	$6K
Inventory	$317K-31.2%	$460K-27.0%	$630K+1.9%	$619K+334.3%	$143K	N/A
Accounts Receivable	$56K-10.6%	$63K+42.6%	$44K-48.7%	$86K-32.7%	$128K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.2M+80.6%	$1.8M+53.2%	$1.2M-7.3%	$1.3M-62.9%	$3.4M+29856.2%	$11K
Current Liabilities	$3.2M+90.7%	$1.7M+74.6%	$965K+8.1%	$892K-45.6%	$1.6M+14278.0%	$11K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$42.4M-17.6%	$51.5M-33.9%	$77.9M-4.9%	$81.8M+152698.1%	-$54K-896.7%	-$5K
Retained Earnings	-$54.0M-37.1%	-$39.4M-191.4%	-$13.5M-81.1%	-$7.5M-234.2%	-$2.2M-7086.0%	-$31K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$43.6M-1.7%	$44.4M-1.4%	$45.0M-1.5%	$45.7M-13.9%	$53.1M-1.7%	$54.0M-1.8%	$55.0M+3.2%	$53.3M
Current Assets	$441K-12.8%	$505K+4.4%	$484K-8.3%	$528K-19.8%	$658K-9.4%	$726K-1.5%	$737K-6.8%	$791K
Cash & Equivalents	$36K-21.9%	$46K-38.8%	$75K-19.7%	$93K+15.2%	$81K-59.4%	$199K+33.2%	$150K-2.1%	$153K
Inventory	$311K-8.5%	$340K+3.8%	$327K+3.5%	$317K-27.2%	$435K+14.3%	$381K-7.0%	$409K-11.1%	$460K
Accounts Receivable	$34K-40.1%	$57K+160.2%	$22K-60.7%	$56K-5.5%	$59K+2.6%	$58K-25.3%	$78K+23.3%	$63K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.4M+8.1%	$4.1M+15.1%	$3.5M+9.2%	$3.2M+16.4%	$2.8M+14.3%	$2.4M+14.8%	$2.1M+18.2%	$1.8M
Current Liabilities	$4.4M+8.4%	$4.1M+15.6%	$3.5M+9.6%	$3.2M+17.2%	$2.7M+15.1%	$2.4M+16.6%	$2.0M+21.2%	$1.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$39.2M-2.7%	$40.3M-2.8%	$41.4M-2.4%	$42.4M-15.6%	$50.3M-2.5%	$51.6M-2.4%	$52.8M+2.6%	$51.5M
Retained Earnings	-$57.0M-1.8%	-$55.9M-1.7%	-$55.0M-1.8%	-$54.0M-16.7%	-$46.3M-2.5%	-$45.2M-2.7%	-$44.0M-11.6%	-$39.4M

EVOH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.2M-23.3%	-$940K+43.9%	-$1.7M-8.7%	-$1.5M+23.0%	-$2.0M-16768.3%	-$12K
Capital Expenditures	$17K-88.4%	$146K+930.9%	$14K-97.5%	$561K+496.9%	$94K	N/A
Free Cash Flow	-$1.2M-8.3%	-$1.1M+35.7%	-$1.7M+19.6%	-$2.1M-0.3%	-$2.1M	N/A
Investing Cash Flow	-$17K+88.4%	-$146K-930.9%	-$14K+97.5%	-$561K-496.9%	-$94K	$0
Financing Cash Flow	$1.2M+127.0%	$514K-78.5%	$2.4M+426.2%	$455K-86.2%	$3.3M+182568.5%	$2K
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	$2K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$264K+61.2%	-$681K-1858.5%	-$35K+86.6%	-$259K-60.0%	-$162K+76.8%	-$697K-1577.9%	-$42K+88.0%	-$345K
Capital Expenditures	-$56K-220.1%	$47K+204.9%	$15K+37.9%	$11K	N/A	N/A	N/A	$44K
Free Cash Flow	-$320K+56.0%	-$728K-1353.6%	-$50K+81.4%	-$270K	N/A	N/A	N/A	-$389K
Investing Cash Flow	$56K+220.1%	-$47K-204.9%	-$15K-37.9%	-$11K	N/A	N/A	N/A	-$44K
Financing Cash Flow	$241K-71.8%	$855K+42448.0%	-$2K-100.8%	$244K+36.5%	$179K-76.1%	$747K+31944.6%	-$2K-100.6%	$380K
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

EVOH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-6.9%-0.8pp	-6.1%+26.7pp	-32.8%-52.8pp	20.0%-15.1pp	35.1%	N/A
Operating Margin	-5265.7%+14150.3pp	-19416.0%-13847.2pp	-5568.8%-5181.0pp	-387.8%-240.5pp	-147.4%	N/A
Net Margin	-5138.3%+13952.3pp	-19090.6%-13590.1pp	-5500.5%-5061.0pp	-439.4%-299.4pp	-140.0%	N/A
Return on Equity	-34.5%+15.8pp	-50.3%-42.5pp	-7.8%-1.4pp	-6.4%	N/A	N/A
Return on Assets	-32.0%+16.6pp	-48.6%-40.9pp	-7.7%-1.4pp	-6.3%+26.0pp	-32.3%+206.4pp	-238.6%
Current Ratio	0.16-0.3	0.47-1.7	2.15+0.3	1.89-0.1	1.97+1.5	0.50
Debt-to-Equity	0.08+0.0	0.03+0.0	0.020.0	0.02	N/A	N/A
FCF Margin	-413.0%+388.1pp	-801.2%+732.0pp	-1533.2%-1356.7pp	-176.5%+93.9pp	-270.4%	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	5.5%-2.5pp	8.1%+19.0pp	-10.9%-1.7pp	-9.2%-86.4pp	77.2%+75.7pp	1.5%+75.0pp	-73.5%	N/A
Operating Margin	-873.8%+612.2pp	-1486.1%+3593.8pp	-5079.9%+1247.0pp	-6326.9%-3087.0pp	-3239.9%-1446.8pp	-1793.0%+7144.3pp	-8937.3%	N/A
Net Margin	-820.1%+569.2pp	-1389.3%+3393.5pp	-4782.9%+1449.9pp	-6232.8%-3236.4pp	-2996.4%-1301.0pp	-1695.4%+7077.0pp	-8772.4%	N/A
Return on Equity	-2.6%-0.3pp	-2.3%+0.0pp	-2.4%+15.9pp	-18.3%-16.0pp	-2.2%+0.1pp	-2.3%+6.3pp	-8.6%	N/A
Return on Assets	-2.3%-0.2pp	-2.1%+0.1pp	-2.2%+14.8pp	-17.0%-14.8pp	-2.1%+0.1pp	-2.2%+6.1pp	-8.3%	N/A
Current Ratio	0.10-0.0	0.12-0.0	0.14-0.0	0.16-0.1	0.24-0.1	0.30-0.1	0.36-0.1	0.47
Debt-to-Equity	0.11+0.0	0.10+0.0	0.090.0	0.08+0.0	0.060.0	0.050.0	0.040.0	0.03
FCF Margin	-259.3%+817.8pp	-1077.1%-832.2pp	-244.9%-27.9pp	-217.0%	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.16), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is EVOAIR HLDGS INC's annual revenue?

EVOAIR HLDGS INC (EVOH) reported $285K in total revenue for fiscal year 2025. This represents a 110.0% 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 EVOAIR HLDGS INC's revenue growing?

EVOAIR HLDGS INC (EVOH) revenue grew by 110% year-over-year, from $136K to $285K in fiscal year 2025.

Is EVOAIR HLDGS INC profitable?

No, EVOAIR HLDGS INC (EVOH) reported a net income of -$14.6M in fiscal year 2025, with a net profit margin of -5138.3%.

What is EVOAIR HLDGS INC's EBITDA?

EVOAIR HLDGS INC (EVOH) had EBITDA of -$11.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is EVOAIR HLDGS INC's gross margin?

EVOAIR HLDGS INC (EVOH) had a gross margin of -6.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is EVOAIR HLDGS INC's operating margin?

EVOAIR HLDGS INC (EVOH) had an operating margin of -5265.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is EVOAIR HLDGS INC's net profit margin?

EVOAIR HLDGS INC (EVOH) had a net profit margin of -5138.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is EVOAIR HLDGS INC's return on equity (ROE)?

EVOAIR HLDGS INC (EVOH) has a return on equity of -34.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is EVOAIR HLDGS INC's free cash flow?

EVOAIR HLDGS INC (EVOH) generated -$1.2M in free cash flow during fiscal year 2025. This represents a -8.3% 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 EVOAIR HLDGS INC's operating cash flow?

EVOAIR HLDGS INC (EVOH) generated -$1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are EVOAIR HLDGS INC's total assets?

EVOAIR HLDGS INC (EVOH) had $45.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are EVOAIR HLDGS INC's capital expenditures?

EVOAIR HLDGS INC (EVOH) invested $17K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does EVOAIR HLDGS INC have outstanding?

EVOAIR HLDGS INC (EVOH) had 27M shares outstanding as of fiscal year 2025.

What is EVOAIR HLDGS INC's current ratio?

EVOAIR HLDGS INC (EVOH) had a current ratio of 0.16 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is EVOAIR HLDGS INC's debt-to-equity ratio?

EVOAIR HLDGS INC (EVOH) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is EVOAIR HLDGS INC's return on assets (ROA)?

EVOAIR HLDGS INC (EVOH) had a return on assets of -32.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is EVOAIR HLDGS INC's cash runway?

Based on fiscal year 2025 data, EVOAIR HLDGS INC (EVOH) had $93K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 1 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.

What is EVOAIR HLDGS INC's Altman Z-Score?

EVOAIR HLDGS INC (EVOH) has an Altman Z-Score of 3.22, placing it in the Safe Zone (low 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 EVOAIR HLDGS INC's Piotroski F-Score?

EVOAIR HLDGS INC (EVOH) has a Piotroski F-Score of 3 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 EVOAIR HLDGS INC's earnings high quality?

EVOAIR HLDGS INC (EVOH) has an earnings quality ratio of 0.08x, 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 EVOAIR HLDGS INC cover its interest payments?

EVOAIR HLDGS INC (EVOH) has an interest coverage ratio of -97972.2x, 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.