Neovolta Financials
This page shows Neovolta (NEOV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Neovolta has an operating margin of -56.0%, meaning the company retains $-56 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -88.3% the prior year.
Neovolta's revenue surged 218.6% year-over-year to $8.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Neovolta carries a low D/E ratio of 1.34, meaning only $1.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
Neovolta's current ratio of 1.90 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Neovolta generates a -173.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -50.1% the prior year.
Neovolta passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Neovolta generates $0.88 in operating cash flow (-$4.4M OCF vs -$5.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Neovolta earns $-14.7 in operating income for every $1 of interest expense (-$4.7M vs $320K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Neovolta generated $8.4M in revenue in fiscal year 2025. This represents an increase of 218.6% from the prior year.
Neovolta reported -$5.0M in net income in fiscal year 2025. This represents a decrease of 118.6% from the prior year.
Neovolta earned $-0.15 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 114.3% from the prior year.
Cash & Balance Sheet
Neovolta held $795K in cash against $0 in long-term debt as of fiscal year 2025.
Neovolta had 34M shares outstanding in fiscal year 2025. This represents an increase of 2.7% from the prior year.
Margins & Returns
Neovolta's gross margin was 17.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.
Neovolta's operating margin was -56.0% in fiscal year 2025, reflecting core business profitability. This is up 32.4 percentage points from the prior year.
Neovolta's net profit margin was -59.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 27.3 percentage points from the prior year.
Neovolta's ROE was -173.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 122.9 percentage points from the prior year.
Capital Allocation
Neovolta invested $157K in research and development in fiscal year 2025. This represents an increase of 721.3% from the prior year.
NEOV Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M0.0% | $4.6M-30.1% | $6.7M+40.0% | $4.8M+135.9% | $2.0M+88.0% | $1.1M+81.6% | $590K+1.9% | $579K |
| Cost of Revenue | $3.9M0.0% | $3.9M-23.7% | $5.1M+21.5% | $4.2M+178.4% | $1.5M+100.6% | $748K+50.3% | $497K-11.5% | $562K |
| Gross Profit | $773K0.0% | $773K-51.0% | $1.6M+174.1% | $575K+11.8% | $515K+58.8% | $324K+248.9% | $93K+441.2% | $17K |
| R&D Expenses | $59K0.0% | $59K+3.3% | $57K-27.4% | $78K+180.6% | $28K-34.0% | $42K+391.2% | $9K-1.7% | $9K |
| SG&A Expenses | $5.1M0.0% | $5.1M+114.0% | $2.4M+23.1% | $1.9M+3.9% | $1.9M+51.2% | $1.2M+17.0% | $1.1M+41.5% | $742K |
| Operating Income | $4.5M+200.0% | -$4.5M-424.0% | -$854K+40.4% | -$1.4M-4.5% | -$1.4M-44.8% | -$947K+2.0% | -$966K-31.6% | -$734K |
| Interest Expense | $425+200.0% | -$425-203.6% | -$140-100.1% | $244K+210.4% | $78K+23256.0% | -$339+75.7% | -$1K | $0 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $5.5M+200.0% | -$5.5M-345.5% | -$1.2M+24.6% | -$1.6M-13.8% | -$1.4M-49.2% | -$971K-0.7% | -$964K-32.3% | -$729K |
| EPS (Diluted) | $0.16+200.0% | $-0.16-300.0% | $-0.04 | N/A | $-0.04-33.3% | $-0.030.0% | $-0.03 | N/A |
NEOV Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.1M0.0% | $10.1M+19.7% | $8.4M+24.1% | $6.8M+19.1% | $5.7M+42.1% | $4.0M-3.2% | $4.2M-10.9% | $4.7M |
| Current Assets | $7.8M0.0% | $7.8M-6.9% | $8.4M+25.4% | $6.7M+16.7% | $5.7M+42.1% | $4.0M-3.2% | $4.2M-10.9% | $4.7M |
| Cash & Equivalents | $242K0.0% | $242K-72.8% | $890K+12.0% | $795K+48.3% | $536K+63.0% | $329K-16.4% | $393K-60.1% | $986K |
| Inventory | $1.9M0.0% | $1.9M+25.5% | $1.5M-30.8% | $2.1M-6.2% | $2.3M+12.1% | $2.0M+15.0% | $1.8M-1.1% | $1.8M |
| Accounts Receivable | $5.3M0.0% | $5.3M+1.9% | $5.2M+74.6% | $3.0M+26.6% | $2.4M+42.3% | $1.7M-15.1% | $2.0M+8.0% | $1.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.1M0.0% | $5.1M-19.1% | $6.3M+62.1% | $3.9M+106.6% | $1.9M+162.6% | $718K+182.9% | $254K+315.3% | $61K |
| Current Liabilities | $3.7M0.0% | $3.7M-34.7% | $5.7M+61.7% | $3.5M+133.9% | $1.5M+349.2% | $334K+31.7% | $254K+315.3% | $61K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.0M0.0% | $5.0M+134.5% | $2.1M-26.7% | $2.9M-24.0% | $3.8M+15.9% | $3.3M-15.3% | $3.9M-15.2% | $4.6M |
| Retained Earnings | $32.6M+200.0% | -$32.6M-20.5% | -$27.0M-4.8% | -$25.8M-6.8% | -$24.1M-6.4% | -$22.7M-4.5% | -$21.7M-4.6% | -$20.7M |
NEOV Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.6M+319.7% | -$2.1M+16.4% | -$2.5M-169.9% | -$924K+54.9% | -$2.1M-138.9% | -$858K-44.7% | -$593K-2053.7% | -$28K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $500K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $4.5M+133.7% | $1.9M-25.2% | $2.6M+118.8% | $1.2M-47.6% | $2.3M+184.4% | $794K | $0 | $0 |
| 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 |
NEOV Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.6%0.0pp | 16.6%-7.1pp | 23.7%+11.6pp | 12.1%-13.4pp | 25.6%-4.7pp | 30.2%+14.5pp | 15.7%+12.8pp | 3.0% |
| Operating Margin | 96.4%+192.7pp | -96.4%-83.5pp | -12.8%+17.3pp | -30.1%+37.9pp | -68.1%+20.3pp | -88.4%+75.3pp | -163.6%-37.0pp | -126.7% |
| Net Margin | 119.2%+238.5pp | -119.2%-100.5pp | -18.7%+16.0pp | -34.7%+37.2pp | -72.0%+18.7pp | -90.6%+72.8pp | -163.4%-37.5pp | -125.9% |
| Return on Equity | 110.7%+221.4pp | -110.7%-52.4pp | -58.3%-1.6pp | -56.7%-18.8pp | -37.9%-8.5pp | -29.4%-4.7pp | -24.8%-8.9pp | -15.9% |
| Return on Assets | 54.8%+109.5pp | -54.8%-40.0pp | -14.7%+9.5pp | -24.2%+1.1pp | -25.4%-1.2pp | -24.2%-0.9pp | -23.2%-7.6pp | -15.7% |
| Current Ratio | 2.100.0 | 2.10+0.6 | 1.47-0.4 | 1.90-1.9 | 3.80-8.2 | 12.02-4.3 | 16.35-59.9 | 76.21 |
| Debt-to-Equity | 1.020.0 | 1.02-1.9 | 2.96+1.6 | 1.34+0.8 | 0.49+0.3 | 0.22+0.2 | 0.07+0.1 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Neovolta's annual revenue?
Neovolta (NEOV) reported $8.4M in total revenue for fiscal year 2025. This represents a 218.6% 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 Neovolta's revenue growing?
Neovolta (NEOV) revenue grew by 218.6% year-over-year, from $2.6M to $8.4M in fiscal year 2025.
Is Neovolta profitable?
No, Neovolta (NEOV) reported a net income of -$5.0M in fiscal year 2025, with a net profit margin of -59.7%.
What is Neovolta's gross margin?
Neovolta (NEOV) had a gross margin of 17.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Neovolta's operating margin?
Neovolta (NEOV) had an operating margin of -56.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Neovolta's net profit margin?
Neovolta (NEOV) had a net profit margin of -59.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Neovolta's return on equity (ROE)?
Neovolta (NEOV) has a return on equity of -173.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Neovolta's operating cash flow?
Neovolta (NEOV) generated -$4.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Neovolta's total assets?
Neovolta (NEOV) had $6.8M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Neovolta spend on research and development?
Neovolta (NEOV) invested $157K in research and development during fiscal year 2025.
What is Neovolta's current ratio?
Neovolta (NEOV) had a current ratio of 1.90 as of fiscal year 2025, which is generally considered healthy.
What is Neovolta's debt-to-equity ratio?
Neovolta (NEOV) had a debt-to-equity ratio of 1.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Neovolta's return on assets (ROA)?
Neovolta (NEOV) had a return on assets of -74.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Neovolta's cash runway?
Based on fiscal year 2025 data, Neovolta (NEOV) had $795K in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 2 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 Neovolta's Piotroski F-Score?
Neovolta (NEOV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Neovolta's earnings high quality?
Neovolta (NEOV) has an earnings quality ratio of 0.88x, 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 Neovolta cover its interest payments?
Neovolta (NEOV) has an interest coverage ratio of -14.7x, 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.
How financially healthy is Neovolta?
Neovolta (NEOV) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.