GreenPower Mtr Co Inc Financials

FY2024 annual

Revenue $39.3M -1.1% YoY

Net Income -$18.3M -21.9% YoY

EPS (Diluted) Not reported for FY2024

Free Cash Flow -$1.5M +90.1% YoY

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE March

GreenPower Mtr Co Inc (GP) reported $39.3M in revenue for fiscal year 2024, down 1.1% from the prior fiscal year. 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 2026-08-15

GreenPower’s FY2024 shows cash burn easing through working-capital release, not profitability, while an inventory-heavy balance sheet still funds operations.

Over the last year, operating cash flow improved from -$14.8M to -$1.1M. Yet the net loss widened from -$15.0M to -$18.3M while revenue stayed roughly flat, so the cash improvement came from a working-capital release - mainly inventory and receivables shrinking - rather than the core business turning profitable.

The current ratio of 1.7x looks workable, but cash was only $1.2M, leaving little immediate cushion for supplier payments or delays. With current liabilities at $21.3M and inventory making up about 87.0% of current assets, liquidity depends more on moving stock than on cash already in hand.

GreenPower became more balance-sheet constrained even without materially adding long-term debt, as debt-to-equity rose from 0.2x to 0.3x. The driver was equity erosion: losses reduced book equity from $27.7M to $11.6M, so existing obligations now sit on a much thinner capital base.

Financial Health Signals

Financial health score pending refresh

We are recalculating GreenPower Mtr Co 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 Mtr Co 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 Mtr Co 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

$39.3M

YoY-1.1%

5Y CAGR+45.2%

GreenPower Mtr Co Inc generated $39.3M in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.

Net Income

-$18.3M

YoY-21.9%

GreenPower Mtr Co Inc reported -$18.3M in net income in fiscal year 2024. This represents a decrease of 21.9% from the prior year.

EBITDA

Not reported for fiscal year 2024.

EPS (Diluted)

Not reported for fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

-$1.5M

YoY+90.1%

GreenPower Mtr Co Inc recorded an outflow of $1.5M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 90.1% from the prior year.

Cash & Debt

$1.2M

YoY+91.7%

5Y CAGR+42.1%

GreenPower Mtr Co Inc held $1.2M in cash against $4.0M in long-term debt as of fiscal year 2024.

Shares Outstanding

25M

YoY+1.1%

GreenPower Mtr Co Inc had 25M shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.

Dividends Per Share

Not reported for fiscal year 2024.

Margins & Returns

Net Margin

-46.7%

YoY-8.8pp

5Y CAGR+28.0pp

GreenPower Mtr Co Inc's net profit margin was -46.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.8 percentage points from the prior year.

Return on Equity

-158.6%

YoY-104.2pp

GreenPower Mtr Co Inc's ROE was -158.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 104.2 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2024.

Operating Margin

Not reported for fiscal year 2024.

Capital Allocation

Capital Expenditures

$362K

YoY+1.6%

5Y CAGR+24.7%

GreenPower Mtr Co Inc invested $362K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.6% from the prior year.

R&D Spending

Not reported for fiscal year 2024.

Share Buybacks

Not reported for fiscal year 2024.

GP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GP annual income statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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	$374K	$377K+64.1%	$230K+1154.0%	$18K-53.5%	$39K-30.3%	$57K+124.7%	$25K	N/A
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

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$7.2M+35.0%	$5.3M+78.4%	$3.0M-41.2%	$5.1M-37.6%	$8.2M-3.3%	$8.4M-52.0%	$17.6M	N/A
Interest Expense	$113K+35.0%	$84K-2.9%	$86K-3.7%	$90K-3.6%	$93K-2.9%	$96K-2.3%	$98K	N/A
Net Income	-$4.7M-0.8%	-$4.7M+12.7%	-$5.4M+18.7%	-$6.6M-42.9%	-$4.6M-9.0%	-$4.3M-51.4%	-$2.8M	N/A

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

TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

GP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GP annual balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$37.4M-5.1%	$39.4M-9.4%	$43.5M-3.8%	$45.2M-9.9%	$50.2M	N/A	N/A	$63.5M
Current Assets	$31.6M-4.7%	$33.2M-9.6%	$36.7M-0.3%	$36.9M-12.1%	$41.9M	N/A	N/A	$54.2M
Cash & Equivalents	$621K+431.3%	$117K-77.9%	$528K-54.1%	$1.2M-70.9%	$4.0M+99.3%	$2.0M+36.8%	$1.5M+141.9%	$600K
Inventory	$28.2M-11.2%	$31.7M-5.9%	$33.7M+5.4%	$32.0M-2.7%	$32.9M	N/A	N/A	$41.6M
Accounts Receivable	$1.0M-9.6%	$1.1M-10.0%	$1.3M-4.2%	$1.3M-66.3%	$3.9M	N/A	N/A	$10.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$251K
Total Liabilities	$35.2M0.0%	$35.2M+1.0%	$34.9M+3.7%	$33.6M+4.7%	$32.1M	N/A	N/A	$35.9M
Current Liabilities	$18.8M-18.7%	$23.1M+1.3%	$22.8M+7.2%	$21.3M-5.5%	$22.5M	N/A	N/A	$26.5M
Long-Term Debt	$3.7M-2.3%	$3.8M-2.9%	$3.9M-2.0%	$4.0M-2.8%	$4.1M	N/A	N/A	$4.6M
Total Equity	$2.1M-48.5%	$4.2M-51.7%	$8.6M-25.6%	$11.6M-35.9%	$18.1M-19.2%	$22.3M-14.7%	$26.2M-5.3%	$27.7M
Retained Earnings	-$93.6M-5.2%	-$89.0M-5.5%	-$84.3M-6.7%	-$79.0M-9.1%	-$72.5M	N/A	N/A	-$60.8M

GP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GP annual cash flow statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$1.1M+20.4%	-$1.3M+58.6%	-$3.2M+34.8%	-$4.9M-454.0%	$1.4M+126.0%	-$5.4M-169.0%	$7.8M+479.6%	-$2.0M
Capital Expenditures	$4K-87.7%	$30K-33.6%	$46K-34.7%	$70K-53.8%	$152K+41.9%	$107K+236.0%	$32K-76.1%	$134K
Free Cash Flow	-$1.1M+21.9%	-$1.4M+58.2%	-$3.3M+34.8%	-$5.0M-503.2%	$1.2M+122.7%	-$5.5M-170.7%	$7.7M+454.8%	-$2.2M
Investing Cash Flow	-$4K+87.7%	-$30K+33.6%	-$46K+34.7%	-$70K+87.3%	-$552K-415.1%	-$107K-236.0%	-$32K+76.1%	-$134K
Financing Cash Flow	$1.4M+61.0%	$892K-66.2%	$2.6M+47.6%	$1.8M+36.7%	$1.3M-78.5%	$6.1M+188.8%	-$6.9M-457.9%	$1.9M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

GP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

GP annual financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
FCF Margin	-3.8%+34.3pp	-38.1%	-121.1%	-126.0%	-36.6%+62.6pp	-99.2%	-121.0%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Net Margin	-65.6%+22.3pp	-87.9%	-179.8%	-130.2%	-56.9%-6.5pp	-50.4%-34.5pp	-16.0%	N/A
Return on Equity	-221.6%-108.5pp	-113.2%-50.5pp	-62.7%-5.3pp	-57.3%-31.6pp	-25.7%-6.7pp	-19.1%-8.3pp	-10.7%	N/A
Return on Assets	-12.7%-0.7pp	-11.9%+0.5pp	-12.4%+2.3pp	-14.7%-5.4pp	-9.3%	N/A	N/A	N/A
Current Ratio	1.68+0.2x	1.44-0.2x	1.61-0.1x	1.73-0.1x	1.86	N/A	N/A	2.04
Debt-to-Equity	1.74+0.8x	0.92+0.5x	0.46+0.1x	0.35+0.1x	0.23	N/A	N/A	0.17
FCF Margin	-14.7%+10.7pp	-25.4%	-108.7%	-98.1%-113.3pp	15.2%+79.9pp	-64.7%-108.7pp	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: FCF Margin.

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Where GreenPower Mtr Co Inc Ranks

Frequently Asked Questions

What is GreenPower Mtr Co Inc's annual revenue?

GreenPower Mtr Co 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 Mtr Co Inc's revenue growing?

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

Is GreenPower Mtr Co Inc profitable?

No, GreenPower Mtr Co 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 Mtr Co Inc have?

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

What is GreenPower Mtr Co Inc's net profit margin?

GreenPower Mtr Co 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 Mtr Co Inc's return on equity (ROE)?

GreenPower Mtr Co 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 Mtr Co Inc's free cash flow?

GreenPower Mtr Co 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 Mtr Co Inc's operating cash flow?

GreenPower Mtr Co 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 Mtr Co Inc's total assets?

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

What are GreenPower Mtr Co Inc's capital expenditures?

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

How many shares does GreenPower Mtr Co Inc have outstanding?

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

What is GreenPower Mtr Co Inc's current ratio?

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

What is GreenPower Mtr Co Inc's debt-to-equity ratio?

GreenPower Mtr Co 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 Mtr Co Inc's return on assets (ROA)?

GreenPower Mtr Co 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 Mtr Co Inc's Piotroski F-Score?

GreenPower Mtr Co 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 Mtr Co Inc's earnings high quality?

GreenPower Mtr Co 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.