What is NeoVolta Inc. Warrant's earnings per share (EPS)?

NeoVolta Inc. Warrant (NEOVW) reported diluted earnings per share of -$0.55 for fiscal year 2026. This represents a -266.7% 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.

NeoVolta Inc. Warrant (NEOVW) Financials

NEOVW

FY2026 annual

Revenue $13.3M +58.2% YoY

Net Income -$21.5M -326.5% YoY

EPS (Diluted) -$0.55 -266.7% YoY

Operating Cash Flow -$15.2M -243.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 23, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Sep 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NEOVW SEC filings page.

NeoVolta Inc. Warrant (NEOVW) reported $13.3M in revenue for fiscal year 2026, up 58.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 NEOVW FY2026 2026-10-04

Revenue expanded rapidly, but overhead and investment consumed the gains, leaving the business reliant on financing to fund operations.

The latest growth did not create operating leverage: revenue rose 58.2% in the latest year. Gross margin narrowed from 17.9% to 16.0%, showing that higher sales were accompanied by weaker unit economics rather than clean profit conversion.

Cash conversion deteriorated: operating cash outflow deepened from $4.4M to $15.2M across the latest two years, even as reported revenue increased. A $48.4M financing inflow alongside $8.6M of investing outflow indicates expansion was funded externally rather than by operating cash.

Overhead is the sharper constraint: SG&A reached $18.3M while operating loss widened to $18.1M, so added sales are not yet covering the cost base. Short-term liquidity remained comparatively strong, with a 4.9x current ratio and liabilities of $14.1M.

Financial Health Signals

Financial health score not available

NeoVolta Inc. Warrant 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.

Piotroski F-Score Partial

3/8

NeoVolta Inc. Warrant 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, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

NeoVolta Inc. Warrant reported a net loss of $21.5M while operations used $15.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

NeoVolta Inc. Warrant reported an operating loss of $18.1M against $668K 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

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Earnings & Revenue

Revenue

$13K

YoY-99.7%

QoQ-99.3%

NeoVolta Inc. Warrant generated $13K in revenue in Q4 2026. This represents a decrease of 99.7% from the same quarter a year earlier. Against the prior quarter it is down 99.3%.

Net Income

-$11.7M

YoY-606.8%

QoQ-285.0%

NeoVolta Inc. Warrant reported -$11.7M in net income in Q4 2026. This represents a decrease of 606.8% from the same quarter a year earlier. Against the prior quarter it is down 285.0%.

EPS (Diluted)

-$0.28

YoY-460.0%

QoQ-250.0%

NeoVolta Inc. Warrant earned -$0.28 per diluted share (EPS) in Q4 2026. This represents a decrease of 460.0% from the same quarter a year earlier. Against the prior quarter it is down 250.0%.

EBITDA

Not reported for Q4 2026.

Cash & Balance Sheet

Cash & Debt

$22.2M

YoY+2693.3%

QoQ+93.4%

5Y CAGR+120.5%

NeoVolta Inc. Warrant held $22.2M in cash as of Q4 2026; long-term debt is not reported for that period.

Shares Outstanding

59M

YoY+72.5%

QoQ+38.2%

NeoVolta Inc. Warrant had 59M shares outstanding in Q4 2026. This represents an increase of 72.5% from the same quarter a year earlier. Against the prior quarter it is up 38.2%.

Free Cash Flow

Not reported for Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Return on Equity

-29.5%

YoY+27.2pp

QoQ-15.8pp

NeoVolta Inc. Warrant's ROE was -29.5% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 27.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.8 percentage points.

Gross Margin

Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Operating Margin

Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$1.0M

YoY+1221.7%

QoQ+156.6%

NeoVolta Inc. Warrant invested $1.0M in research and development in Q4 2026. This represents an increase of 1221.7% from the same quarter a year earlier. Against the prior quarter it is up 156.6%.

Share Buybacks

Not reported for Q4 2026.

Capital Expenditures

Not reported for Q4 2026.

NEOVW 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.

NEOVW quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Revenue	$13.3M+58.2%	$8.4M+218.6%	$2.6M-23.5%	$3.5M-22.7%	$4.5M-7.3%	$4.8M
Cost of Revenue	$11.2M+61.8%	$6.9M+224.2%	$2.1M-22.9%	$2.8M-27.3%	$3.8M-8.8%	$4.2M
Gross Profit	$2.1M+41.9%	$1.5M+195.2%	$510K-25.8%	$688K+3.1%	$667K+3.0%	$648K
R&D Expenses	$1.6M+889.2%	$157K+721.3%	$19K-36.0%	$30K-56.3%	$69K+60.0%	$43K
SG&A Expenses	$18.3M+202.5%	$6.1M+114.5%	$2.8M-14.1%	$3.3M-48.2%	$6.4M-23.0%	$8.3M
Operating Income	-$18.1M-284.7%	-$4.7M-101.8%	-$2.3M+11.3%	-$2.6M+54.2%	-$5.8M+24.8%	-$7.7M
EBITDA	-$17.7M-275.9%	-$4.7M	N/A	N/A	N/A	N/A
Interest Expense	$668K+108.4%	$320K	$0-100.0%	$4K-91.7%	$50K+102.0%	$25K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$21.5M-326.5%	-$5.0M-118.6%	-$2.3M+12.7%	-$2.6M+54.5%	-$5.8M+24.1%	-$7.6M
EPS (Basic)	-$0.55-266.7%	-$0.15-114.3%	-$0.07+12.5%	-$0.08+71.4%	-$0.28+34.9%	-$0.43
EPS (Diluted)	-$0.55-266.7%	-$0.15-114.3%	-$0.07+12.5%	-$0.08	-$0.28+34.9%	-$0.43
Diluted Shares (Avg)	39M+17.0%	34M+1.1%	33M+3.7%	32M	21M+14.9%	18M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$13K-99.7%	$2.0M+0.5%	$4.6M+333.5%	$6.7M+1026.7%	$4.8M+720.2%	$2.0M+609.4%	$1.1M+5.3%	$590K-22.8%
Cost of Revenue	$1.2M-72.4%	$1.1M-26.9%	$3.9M+418.0%	$5.1M+919.9%	$4.2M+642.9%	$1.5M+1173.5%	$748K-7.9%	$497K-22.6%
Gross Profit	-$1.1M-298.0%	$928K+80.3%	$773K+138.5%	$1.6M+1598.8%	$575K+3254.0%	$515K+209.7%	$324K+57.3%	$93K-23.4%
R&D Expenses	$1.0M+1221.7%	$404K+1345.2%	$59K+38.9%	$57K+560.5%	$78K+795.0%	$28K+168.9%	$42K	$9K
SG&A Expenses	$7.9M+307.9%	$3.0M+62.6%	$5.1M+313.7%	$2.4M+126.1%	$1.9M+160.0%	$1.9M+145.7%	$1.2M+58.6%	$1.1M+89.2%
Operating Income	-$10.2M-611.1%	-$2.6M-91.5%	-$4.5M-372.7%	-$854K+11.6%	-$1.4M-95.2%	-$1.4M-128.4%	-$947K-66.5%	-$966K-122.6%
EBITDA	N/A	-$2.5M-82.1%	-$4.4M-361.3%	N/A	N/A	-$1.4M	-$947K	N/A
Interest Expense	$616K+153.0%	$52K-34.0%	-$425-25.4%	-$140+90.0%	$244K	$78K	-$339	-$1K
Net Income	-$11.7M-606.8%	-$3.0M-109.0%	-$5.5M-470.3%	-$1.2M-28.9%	-$1.6M-126.3%	-$1.4M-145.9%	-$971K-74.7%	-$964K-125.0%
EPS (Basic)	-$0.28-460.0%	-$0.08-100.0%	-$0.16-433.3%	-$0.04-33.3%	-$0.05-150.0%	-$0.04-100.0%	-$0.03-50.0%	-$0.03-200.0%
EPS (Diluted)	-$0.28-460.0%	-$0.08-100.0%	-$0.16-433.3%	-$0.04-33.3%	-$0.05-150.0%	-$0.04-100.0%	-$0.03-50.0%	-$0.03-200.0%
Diluted Shares (Avg)	N/A	40M+20.0%	35M+5.1%	34M+2.9%	N/A	33M+0.8%	33M+0.2%	33M+0.3%

Not reported in any period shown, so not listed: Income Tax.

NEOVW Balance Sheet

NEOVW quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Total Assets	$53.6M+688.2%	$6.8M+46.1%	$4.7M-28.4%	$6.5M+57.7%	$4.1M+26.5%	$3.3M
Current Assets	$32.8M+392.9%	$6.7M+43.1%	$4.7M-28.4%	$6.5M+57.7%	$4.1M+26.5%	$3.3M
Cash & Equivalents	$22.2M+2693.3%	$795K-19.4%	$986K-50.7%	$2.0M+506.2%	$330K-22.4%	$426K
Short-Term Investments	$0	$0	$0	$0	$0	$0
Inventory	$2.1M-0.2%	$2.1M+19.6%	$1.8M-30.7%	$2.6M+15.3%	$2.2M+34.7%	$1.7M
Accounts Receivable	$2.9M-1.3%	$3.0M+65.2%	$1.8M-1.1%	$1.8M+38.6%	$1.3M+16.8%	$1.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0
Total Liabilities	$14.1M+261.2%	$3.9M+6275.5%	$61K+54.7%	$39K-97.4%	$1.5M+1228.1%	$114K
Current Liabilities	$6.7M+90.2%	$3.5M+5647.8%	$61K+54.7%	$39K-97.3%	$1.5M+1443.1%	$94K
Non-Current Liabilities	$7.4M+1827.4%	$384K	$0	$0-100.0%	$54K+178.2%	$19K
Long-Term Debt	N/A	N/A	N/A	N/A	$1.1M	N/A
Total Equity	$39.6M+1259.8%	$2.9M-36.7%	$4.6M-28.9%	$6.5M+147.1%	$2.6M-16.9%	$3.1M
Retained Earnings	-$47.2M-83.3%	-$25.8M-24.3%	-$20.7M-12.5%	-$18.4M-16.7%	-$15.8M-57.4%	-$10.0M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$53.6M+688.2%	$25.7M+349.3%	$10.1M+151.7%	$8.4M+103.5%	$6.8M+46.1%	$5.7M+10.8%	$4.0M-29.2%	$4.2M-32.8%
Current Assets	$32.8M+392.9%	$22.2M+289.2%	$7.8M+93.7%	$8.4M+101.4%	$6.7M+43.1%	$5.7M+10.8%	$4.0M-29.2%	$4.2M-32.8%
Cash & Equivalents	$22.2M+2693.3%	$11.5M+2042.1%	$242K-26.3%	$890K+126.2%	$795K-19.4%	$536K-47.1%	$329K-78.1%	$393K-78.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.1M-0.2%	$2.2M-3.8%	$1.9M-8.7%	$1.5M-16.3%	$2.1M+19.6%	$2.3M+6.7%	$2.0M+2.6%	$1.8M-20.6%
Accounts Receivable	$2.9M-1.3%	$6.1M+160.2%	$5.3M+220.6%	$5.2M+167.1%	$3.0M+65.2%	$2.4M+24.9%	$1.7M-24.2%	$2.0M-6.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$14.1M+261.2%	$3.5M+84.8%	$5.1M+612.0%	$6.3M+2388.0%	$3.9M+6275.5%	$1.9M+12425.7%	$718K+5999.3%	$254K+414.0%
Current Liabilities	$6.7M+90.2%	$2.7M+82.8%	$3.7M+1009.2%	$5.7M+2138.3%	$3.5M+5647.8%	$1.5M+9877.4%	$334K+2740.4%	$254K+414.0%
Non-Current Liabilities	$7.4M+1827.4%	$738K+92.5%	$1.4M+265.7%	$634K	$384K	$384K	$384K	$0
Total Equity	$39.6M+1259.8%	$22.2M+479.7%	$5.0M+51.6%	$2.1M-45.3%	$2.9M-36.7%	$3.8M-25.5%	$3.3M-41.7%	$3.9M-36.4%
Retained Earnings	-$47.2M-83.3%	-$35.6M-47.5%	-$32.6M-43.6%	-$27.0M-24.5%	-$25.8M-24.3%	-$24.1M-20.6%	-$22.7M-16.8%	-$21.7M-15.0%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

NEOVW Cash Flow Statement

NEOVW quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Operating Cash Flow	-$15.2M-243.3%	-$4.4M-335.5%	-$1.0M+51.8%	-$2.1M-81.2%	-$1.2M-31.7%	-$884K
Depreciation & Amortization	$412K	$0	N/A	N/A	N/A	N/A
Stock-Based Compensation	$5.0M+136.2%	$2.1M+386.0%	$432K-71.7%	$1.5M-71.2%	$5.3M-28.6%	$7.4M
Investing Cash Flow	-$8.6M	$0	N/A	N/A	N/A	N/A
Financing Cash Flow	$48.4M+1042.6%	$4.2M	$0-100.0%	$3.8M+254.0%	$1.1M	$0

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	-$7.0M-661.1%	-$3.6M-74.6%	-$2.1M-142.8%	-$2.5M-320.6%	-$924K-3256.6%	-$2.1M-322.4%	-$858K-164.6%	-$593K-231.1%
Depreciation & Amortization	N/A	$128K	$108K	N/A	N/A	$0	$0	N/A
Stock-Based Compensation	N/A	N/A	N/A	$467K+75.9%	N/A	N/A	N/A	$265K+213.3%
Investing Cash Flow	-$5.8M	-$2.3M	N/A	N/A	$0	$0	N/A	N/A
Financing Cash Flow	$26.8M+2161.1%	$17.1M+657.6%	$1.9M+144.0%	$2.6M	$1.2M	$2.3M	$794K	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

NEOVW 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.

NEOVW quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K
Gross Margin	16.0%-1.8pp	17.9%-1.4pp	19.3%-0.6pp	19.9%+5.0pp	14.9%+1.5pp	13.4%
Operating Margin	-136.1%	-56.0%+32.4pp	-88.3%-12.1pp	-76.3%	-128.7%	-158.6%
Net Margin	-161.0%	-59.7%+27.3pp	-87.1%-10.7pp	-76.4%	-129.8%	-158.5%
Return on Equity	-54.3%+118.8pp	-173.0%-122.9pp	-50.1%-9.3pp	-40.8%+181.0pp	-221.8%+21.0pp	-242.8%
Return on Assets	-40.0%+34.0pp	-74.0%-24.5pp	-49.5%-8.9pp	-40.6%+100.1pp	-140.7%+93.7pp	-234.4%
Current Ratio	4.92+3.0x	1.90-74.3x	76.21-88.5x	164.74+161.9x	2.84-31.8x	34.61
Debt-to-Equity	0.36-1.0x	1.34+1.3x	0.010.0x	0.01-0.4x	0.43+0.4x	0.04
Asset Turnover	0.25-1.0x	1.24+0.7x	0.570.0x	0.53-0.6x	1.08-0.4x	1.48

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	-8465.1%	45.9%+20.3pp	16.6%-13.6pp	23.7%+8.0pp	12.1%+9.2pp	25.6%-33.0pp	30.2%+10.0pp	15.7%-0.1pp
Operating Margin	-75670.3%	-129.7%	-96.4%-8.0pp	-12.8%	-30.1%	-68.1%	-88.4%-32.5pp	-163.6%
Net Margin	-86628.4%	-149.7%	-119.2%	-18.7%	-34.7%	-72.0%	-90.6%-36.0pp	-163.4%
Return on Equity	-29.5%+27.2pp	-13.7%+24.2pp	-110.7%-81.3pp	-58.3%-33.5pp	-56.7%-40.8pp	-37.9%-26.4pp	-29.4%-19.6pp	-24.8%-17.8pp
Return on Assets	-21.7%+2.5pp	-11.8%+13.6pp	-54.8%-30.6pp	-14.7%+8.5pp	-24.2%-8.6pp	-25.4%-13.9pp	-24.2%-14.4pp	-23.2%-16.3pp
Current Ratio	4.92+3.0x	8.10+4.3x	2.10-9.9x	1.47-14.9x	1.90-74.3x	3.80-338.5x	12.02-470.2x	16.35-108.6x
Debt-to-Equity	0.36-1.0x	0.16-0.3x	1.02+0.8x	2.96+2.9x	1.34+1.3x	0.49+0.5x	0.22+0.2x	0.07+0.1x
Asset Turnover	0.00-0.7x	0.08-0.3x	0.46+0.2x	0.79+0.6x	0.70+0.6x	0.35+0.3x	0.27+0.1x	0.140.0x

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

Where NeoVolta Inc. Warrant Ranks

Frequently Asked Questions

What is NeoVolta Inc. Warrant's annual revenue?

NeoVolta Inc. Warrant (NEOVW) reported $13.3M in total revenue for fiscal year 2026. This represents a 58.2% 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 Inc. Warrant's revenue growing?

NeoVolta Inc. Warrant (NEOVW) revenue grew by 58.2% year-over-year, from $8.4M to $13.3M in fiscal year 2026.

Is NeoVolta Inc. Warrant profitable?

No, NeoVolta Inc. Warrant (NEOVW) reported a net income of -$21.5M in fiscal year 2026.

What is NeoVolta Inc. Warrant's EBITDA?

NeoVolta Inc. Warrant (NEOVW) had EBITDA of -$17.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is NeoVolta Inc. Warrant's gross margin?

NeoVolta Inc. Warrant (NEOVW) had a gross margin of 16.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is NeoVolta Inc. Warrant's return on equity (ROE)?

NeoVolta Inc. Warrant (NEOVW) has a return on equity of -54.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is NeoVolta Inc. Warrant's operating cash flow?

NeoVolta Inc. Warrant (NEOVW) recorded an outflow of $15.2M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are NeoVolta Inc. Warrant's total assets?

NeoVolta Inc. Warrant (NEOVW) had $53.6M in total assets as of fiscal year 2026, including both current and long-term assets.

How much does NeoVolta Inc. Warrant spend on research and development?

NeoVolta Inc. Warrant (NEOVW) invested $1.6M in research and development during fiscal year 2026.

How many shares does NeoVolta Inc. Warrant have outstanding?

NeoVolta Inc. Warrant (NEOVW) had 59M shares outstanding as of fiscal year 2026.

What is NeoVolta Inc. Warrant's current ratio?

NeoVolta Inc. Warrant (NEOVW) had a current ratio of 4.92 as of fiscal year 2026, which is generally considered healthy.

What is NeoVolta Inc. Warrant's debt-to-equity ratio?

NeoVolta Inc. Warrant (NEOVW) had a debt-to-equity ratio of 0.36 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NeoVolta Inc. Warrant's return on assets (ROA)?

NeoVolta Inc. Warrant (NEOVW) had a return on assets of -40.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

How does NeoVolta Inc. Warrant's liquidity compare with its operating cash outflow?

At the end of fiscal year 2026, NeoVolta Inc. Warrant (NEOVW) held $22.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $15.2M over that year. Dividing the one by the other, the reported balance equals about 18 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is NeoVolta Inc. Warrant's Piotroski F-Score?

NeoVolta Inc. Warrant (NEOVW) 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 NeoVolta Inc. Warrant's earnings high quality?

NeoVolta Inc. Warrant (NEOVW) reported a net loss of $21.5M while operations used $15.2M 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 NeoVolta Inc. Warrant cover its interest payments?

NeoVolta Inc. Warrant (NEOVW) reported an operating loss of $18.1M against $668K 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.