GreenPower Motor Company Inc. (GP) Financials

Trailing 12 months to December 31, 2024

Revenue $20.7M YoY not available

Net Income -$21.5M YoY not available

Free Cash Flow -$10.7M -906.1% YoY

Operating Cash Flow -$10.5M -701.7% YoY

Market Cap $3.5M as of Oct 12, 2026

Price / Sales 0.2x on $20.7M revenue, trailing 12 months to December 31, 2024

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to December 31, 2024

Price / Book 1.6x on $2.1M equity, Q3 FY2025

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 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Dec 31, 2024 Reported Feb 26, 2025 Currency USD FYE March

Newest figures come from the 10-Q for Q3 FY2025, filed Feb 26, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GP SEC filings page.

GreenPower Motor Company Inc. (GP) reported $20.7M in revenue over the twelve months to Dec 31, 2024. This page shows its 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).

Rhea AI GP FY2024 2026-10-04

The business remains loss-making, but FY2024 cash use nearly disappeared even as equity shrank and leverage rose.

FY2024’s net loss of $18.3M contrasted with operating cash flow of -$1.1M, versus a much smaller loss but deeper cash drain in FY2023. That reversal suggests the accounting loss included substantial non-cash or timing effects, while falling inventory and receivables released working capital into cash.

Revenue stayed near $39M across FY2023 and FY2024, yet the net profit margin worsened from -37.9% to -46.7%. With sales essentially flat, the larger loss points to costs or other charges absorbing more of each sales dollar rather than a volume-driven deterioration.

The balance sheet became less forgiving: equity fell to $11.6M and debt-to-equity reached 0.3x, while the current ratio eased to 1.7x. Positive financing cash flow of $2.3M alongside negative operating cash flow indicates FY2024 still relied partly on capital inflows while internal operations remained cash-negative.

Financial Health Signals

Financial health score pending refresh

We are recalculating GreenPower Motor Company 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.

Piotroski F-Score Partial

2/8

GreenPower Motor Company Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

GreenPower Motor Company Inc. reported a net loss of $18.3M while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.2M

YoY-11.5%

QoQ+35.0%

GreenPower Motor Company Inc. generated $7.2M in revenue in Q3 2025. This represents a decrease of 11.5% from the same quarter a year earlier. Against the prior quarter it is up 35.0%.

Net Income

-$4.7M

YoY-2.1%

QoQ-0.8%

GreenPower Motor Company Inc. reported -$4.7M in net income in Q3 2025. This represents a decrease of 2.1% from the same quarter a year earlier. Against the prior quarter it is down 0.8%.

EBITDA

Not reported for Q3 2025.

EPS (Diluted)

Not reported for Q3 2025.

Cash & Balance Sheet

Free Cash Flow

-$1.1M

YoY-185.8%

QoQ+21.9%

GreenPower Motor Company Inc. recorded an outflow of $1.1M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents a decrease of 185.8% from the same quarter a year earlier. Against the prior quarter it is up 21.9%.

Cash & Debt

$621K

YoY-84.3%

QoQ+431.3%

GreenPower Motor Company Inc. held $621K in cash against $3.7M in long-term debt as of Q3 2025.

Shares Outstanding

Diluted avg 29M

GreenPower Motor Company Inc. had a weighted average of 29M diluted shares in Q3 2025; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

Net Margin

-65.6%

YoY-8.8pp

QoQ+22.3pp

GreenPower Motor Company Inc.'s net profit margin was -65.6% in Q3 2025, showing the share of revenue converted to profit. This is down 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.3 percentage points.

Return on Equity

-221.6%

YoY-195.9pp

QoQ-108.5pp

GreenPower Motor Company Inc.'s ROE was -221.6% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is down 195.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 108.5 percentage points.

Gross Margin

Not reported for Q3 2025.

Operating Margin

Not reported for Q3 2025.

Capital Allocation

Capital Expenditures

$4K

YoY-97.5%

QoQ-87.7%

GreenPower Motor Company Inc. invested $4K in capex in Q3 2025, funding long-term assets and infrastructure. This represents a decrease of 97.5% from the same quarter a year earlier. Against the prior quarter it is down 87.7%.

R&D Spending

Not reported for Q3 2025.

Share Buybacks

Not reported for Q3 2025.

GP 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.

GP quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$20.7M	$39.3M-1.1%	$39.7M+130.3%	$17.2M+29.7%	$13.3M-7.7%	$14.4M+136.7%	$6.1M+73.0%	$3.5M
Interest Expense	$2.3M	$1.6M+0.3%	$1.5M+200.5%	$516K-67.7%	$1.6M-25.1%	$2.1M+52.3%	$1.4M+148.7%	$563K
Income Tax	N/A	$0	$0	$0	$0	$0	$0+100.0%	-$610K
Net Income	-$21.5M	-$18.3M-21.9%	-$15.0M-0.2%	-$15.0M-91.5%	-$7.8M-52.3%	-$5.1M-13.2%	-$4.5M-63.8%	-$2.8M
Diluted Shares (Avg)	N/A	25M+6.1%	24M+7.5%	22M+20.8%	18M	N/A	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$7.2M-11.5%	$5.3M-36.6%	$3.0M-83.0%	$5.1M	$8.2M-36.3%	$8.4M	$17.6M	N/A
Interest Expense	$562K+64.1%	$572K+115.2%	$523K+88.1%	$668K	$343K-26.4%	$266K	$278K	N/A
Net Income	-$4.7M-2.1%	-$4.7M-10.4%	-$5.4M-91.6%	-$6.6M	-$4.6M-37.5%	-$4.3M	-$2.8M	N/A
Diluted Shares (Avg)	29M+14.2%	26M+6.2%	26M+3.8%	N/A	25M+6.7%	25M	25M	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted).

GP Balance Sheet

GP quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$45.2M-28.8%	$63.5M+28.1%	$49.6M+25.2%	$39.6M+200.0%	$13.2M+10.9%	$11.9M	N/A
Current Assets	$36.9M-31.9%	$54.2M+25.7%	$43.1M+30.8%	$32.9M+305.5%	$8.1M+17.2%	$6.9M	N/A
Cash & Equivalents	$1.2M+91.7%	$600K-91.3%	$6.9M-54.7%	$15.2M+3267.5%	$452K+127.0%	$199K-80.3%	$1.0M
Inventory	$32.0M-23.1%	$41.6M+29.0%	$32.3M+158.8%	$12.5M+89.1%	$6.6M+27.8%	$5.2M	N/A
Accounts Receivable	$1.3M-87.3%	$10.4M+256.8%	$2.9M-34.4%	$4.4M+371.2%	$944K-32.3%	$1.4M	N/A
Goodwill	N/A	$251K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$33.6M-6.2%	$35.9M+135.6%	$15.2M+339.1%	$3.5M-75.9%	$14.4M+19.9%	$12.0M	N/A
Current Liabilities	$21.3M-19.7%	$26.5M+130.2%	$11.5M+439.9%	$2.1M-71.1%	$7.4M+4.2%	$7.1M	N/A
Non-Current Liabilities	$12.3M+31.8%	$9.4M+152.5%	$3.7M+177.9%	$1.3M-80.9%	$7.0M+42.6%	$4.9M	N/A
Long-Term Debt	$4.0M-12.4%	$4.6M	$0-100.0%	$121K-68.8%	$387K-26.1%	$523K	N/A
Total Equity	$11.6M-58.2%	$27.7M-19.6%	$34.4M-4.9%	$36.2M+3176.9%	-$1.2M-1272.0%	-$86K-104.0%	$2.2M
Retained Earnings	-$79.0M-30.0%	-$60.8M-31.1%	-$46.4M-46.6%	-$31.6M-32.6%	-$23.9M-27.5%	-$18.7M	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$37.4M-25.5%	$39.4M	$43.5M	$45.2M-28.8%	$50.2M	N/A	N/A	$63.5M+28.1%
Current Assets	$31.6M-24.6%	$33.2M	$36.7M	$36.9M-31.9%	$41.9M	N/A	N/A	$54.2M+25.7%
Cash & Equivalents	$621K-84.3%	$117K-94.1%	$528K-63.6%	$1.2M+91.7%	$4.0M+549.8%	$2.0M	$1.5M	$600K-91.3%
Inventory	$28.2M-14.4%	$31.7M	$33.7M	$32.0M-23.1%	$32.9M	N/A	N/A	$41.6M+29.0%
Accounts Receivable	$1.0M-73.8%	$1.1M	$1.3M	$1.3M-87.3%	$3.9M	N/A	N/A	$10.4M+256.8%
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$251K
Total Liabilities	$35.2M+9.7%	$35.2M	$34.9M	$33.6M-6.2%	$32.1M	N/A	N/A	$35.9M+135.6%
Current Liabilities	$18.8M-16.5%	$23.1M	$22.8M	$21.3M-19.7%	$22.5M	N/A	N/A	$26.5M+130.2%
Non-Current Liabilities	$16.4M+71.3%	$12.1M	$12.0M	$12.3M+31.8%	$9.6M	N/A	N/A	$9.4M+152.5%
Long-Term Debt	$3.7M-9.5%	$3.8M	$3.9M	$4.0M-12.4%	$4.1M	N/A	N/A	$4.6M
Total Equity	$2.1M-88.2%	$4.2M-81.4%	$8.6M-67.2%	$11.6M-58.2%	$18.1M-33.9%	$22.3M	$26.2M	$27.7M-19.6%
Retained Earnings	-$93.6M-29.2%	-$89.0M	-$84.3M	-$79.0M-30.0%	-$72.5M	N/A	N/A	-$60.8M-31.1%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

GP Cash Flow Statement

GP quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	-$10.5M	-$1.1M+92.3%	-$14.8M+27.5%	-$20.3M-24.1%	-$16.4M-220.6%	-$5.1M+13.5%	-$5.9M-52.1%	-$3.9M
Capital Expenditures	$150K	$362K+1.6%	$356K-33.6%	$536K+52.0%	$353K+117.9%	$162K+34.8%	$120K-67.2%	$366K
Free Cash Flow	-$10.7M	-$1.5M+90.1%	-$15.1M+27.6%	-$20.9M-24.7%	-$16.7M-217.4%	-$5.3M+12.6%	-$6.0M-41.9%	-$4.3M
Investing Cash Flow	-$150K	-$762K-351.2%	$303K+156.6%	-$536K-52.0%	-$353K-117.9%	-$162K-190.1%	$180K+149.1%	-$366K
Financing Cash Flow	$6.8M	$2.3M-71.6%	$8.2M-35.3%	$12.7M-59.8%	$31.5M+472.9%	$5.5M+10.9%	$5.0M-4.0%	$5.2M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	-$1.1M-176.1%	-$1.3M+75.2%	-$3.2M-141.4%	-$4.9M-141.0%	$1.4M	-$5.4M	$7.8M	-$2.0M
Capital Expenditures	$4K-97.5%	$30K-71.6%	$46K+43.9%	$70K-47.5%	$152K	$107K	$32K	$134K
Free Cash Flow	-$1.1M-185.8%	-$1.4M+75.1%	-$3.3M-142.2%	-$5.0M-129.4%	$1.2M	-$5.5M	$7.7M	-$2.2M
Investing Cash Flow	-$4K+99.3%	-$30K+71.6%	-$46K-43.9%	-$70K+47.5%	-$552K	-$107K	-$32K	-$134K
Financing Cash Flow	$1.4M+9.9%	$892K-85.3%	$2.6M+138.4%	$1.8M-6.8%	$1.3M	$6.1M	-$6.9M	$1.9M

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

GP 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.

GP quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Net Margin	-46.7%-8.8pp	-37.9%+49.2pp	-87.1%-28.1pp	-59.0%-23.2pp	-35.7%+39.0pp	-74.7%+4.2pp	-78.9%
Return on Equity	-158.6%-104.2pp	-54.4%-10.7pp	-43.6%-22.0pp	-21.7%	N/A	N/A	-128.0%
Return on Assets	-40.6%-16.9pp	-23.7%+6.6pp	-30.3%-10.5pp	-19.8%+19.2pp	-39.0%-0.8pp	-38.1%	N/A
Current Ratio	1.73-0.3x	2.04-1.7x	3.74-11.7x	15.45+14.3x	1.10+0.1x	0.98	N/A
Debt-to-Equity	0.35+0.2x	0.17+0.2x	0.000.0x	0.00	N/A	N/A	N/A
Asset Turnover	0.87+0.2x	0.62+0.3x	0.350.0x	0.34-0.8x	1.09+0.6x	0.51	N/A
FCF Margin	-3.8%+34.3pp	-38.1%	-121.1%	-126.0%	-36.6%+62.6pp	-99.2%	-121.0%

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Net Margin	-65.6%-8.8pp	-87.9%-37.5pp	-179.8%	-130.2%	-56.9%-30.5pp	-50.4%	-16.0%	N/A
Return on Equity	-221.6%-195.9pp	-113.2%-94.1pp	-62.7%-51.9pp	-57.3%	-25.7%-13.3pp	-19.1%	-10.7%	N/A
Return on Assets	-12.7%-3.4pp	-11.9%	-12.4%	-14.7%	-9.3%	N/A	N/A	N/A
Current Ratio	1.68-0.2x	1.44	1.61	1.73-0.3x	1.86	N/A	N/A	2.04-1.7x
Debt-to-Equity	1.74+1.5x	0.92	0.46	0.35+0.2x	0.23	N/A	N/A	0.17+0.2x
Asset Turnover	0.190.0x	0.14	0.07	0.11	0.16	N/A	N/A	N/A
FCF Margin	-14.7%-29.9pp	-25.4%+39.3pp	-108.7%	-98.1%	15.2%	-64.7%	44.0%	N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

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: Net Margin, FCF Margin.

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
GreenPower Motor Company Inc. GP	FY2024	$39.3M	-$18.3M	-46.7%	$3.5M	—
urban-gro, Inc. UGRO	FY2025	N/A	N/A	N/A	$4.9M	—
Arts-Way Manufacturing Co Inc ARTW	FY2025	$23.0M	$1.0M	4.5%	$18.4M	36/100
Hydrofarm Holdings Group, Inc. HYFM	FY2025	$134.3M	-$289.8M	N/A	$4.0M	23/100
Xos, Inc. XOS	FY2025	$46.0M	-$25	0.0%	$45.6M	54/100
Huachen AI Parking Management Technology Holding Co., Ltd. HCAI	FY2025	$6.6M	-$42.2M	N/A	$5.2M	22/100

Where GreenPower Motor Company Inc. Ranks

Frequently Asked Questions

What is GreenPower Motor Company Inc.'s annual revenue?

GreenPower Motor Company Inc. (GP) reported $39.3M in total revenue for fiscal year 2024. This represents a -1.1% 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 GreenPower Motor Company Inc.'s revenue growing?

GreenPower Motor Company Inc. (GP) revenue declined by 1.1% year-over-year, from $39.7M to $39.3M in fiscal year 2024.

Is GreenPower Motor Company Inc. profitable?

No, GreenPower Motor Company Inc. (GP) reported a net income of -$18.3M in fiscal year 2024, with a net profit margin of -46.7%.

How much debt does GreenPower Motor Company Inc. have?

As of fiscal year 2024, GreenPower Motor Company Inc. (GP) had $1.2M in cash and equivalents against $4.0M in long-term debt.

What is GreenPower Motor Company Inc.'s net profit margin?

GreenPower Motor Company Inc. (GP) had a net profit margin of -46.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is GreenPower Motor Company Inc.'s return on equity (ROE)?

GreenPower Motor Company Inc. (GP) has a return on equity of -158.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is GreenPower Motor Company Inc.'s free cash flow?

GreenPower Motor Company Inc. (GP) recorded an outflow of $1.5M in free cash flow during fiscal year 2024. This represents a 90.1% 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 GreenPower Motor Company Inc.'s operating cash flow?

GreenPower Motor Company Inc. (GP) recorded an outflow of $1.1M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are GreenPower Motor Company Inc.'s total assets?

GreenPower Motor Company Inc. (GP) had $45.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are GreenPower Motor Company Inc.'s capital expenditures?

GreenPower Motor Company Inc. (GP) invested $362K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does GreenPower Motor Company Inc. have outstanding?

GreenPower Motor Company Inc. (GP) had 25M shares outstanding as of fiscal year 2024.

What is GreenPower Motor Company Inc.'s current ratio?

GreenPower Motor Company Inc. (GP) had a current ratio of 1.73 as of fiscal year 2024, which is generally considered healthy.

What is GreenPower Motor Company Inc.'s debt-to-equity ratio?

GreenPower Motor Company Inc. (GP) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GreenPower Motor Company Inc.'s return on assets (ROA)?

GreenPower Motor Company Inc. (GP) had a return on assets of -40.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is GreenPower Motor Company Inc.'s P/E ratio?

GreenPower Motor Company Inc. (GP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to December 31, 2024). The market capitalization is $3.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is GreenPower Motor Company Inc.'s price-to-sales ratio?

GreenPower Motor Company Inc. (GP) trades at 0.2x sales, its market capitalization divided by revenue of $20.7M revenue, trailing 12 months to December 31, 2024. The market capitalization is $3.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is GreenPower Motor Company Inc.'s Piotroski F-Score?

GreenPower Motor Company Inc. (GP) has a Piotroski F-Score of 2 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 GreenPower Motor Company Inc.'s earnings high quality?

GreenPower Motor Company Inc. (GP) reported a net loss of $18.3M while operations used $1.1M 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.