Nomad Power Solutions, Inc. (NMAD) Financials
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 Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NMAD SEC filings page.
This page shows Nomad Power Solutions, Inc. (NMAD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Recurring financing, not operating cash generation, is the visible mechanism supporting a loss-making balance-sheet expansion.
The core mismatch in FY2025 is a wider net loss of-$6.1M alongside operating cash flow of-$3.1M , meaning reported earnings were more negative than the cash movement. Financing cash flow of$10.3M coincided with assets expanding 11.1x from FY2024, making external financing—not operations—the visible balance-sheet expansion mechanism.
The 2025 operating loss of
The reported liquidity comparison was 20 months, while the current ratio reached 3.9x; together, those measures describe a current balance-sheet cushion against the latest recorded operating outflow, not operating self-sufficiency. Liabilities rose to
Financial Health Signals
Nomad Power Solutions, Inc. 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.
Nomad Power Solutions, Inc. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Nomad Power Solutions, Inc. reported a net loss of $6.1M while operations used $3.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Nomad Power Solutions, Inc. reported an operating loss of $5.1M against $9K 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
Earnings & Revenue
Nomad Power Solutions, Inc. reported -$2.3M in net income in Q2 2026. This represents a decrease of 202.2% from the same quarter a year earlier. Against the prior quarter it is down 17.9%.
Nomad Power Solutions, Inc. earned -$0.16 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 11.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Nomad Power Solutions, Inc. held $12.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Nomad Power Solutions, Inc.'s ROE was -9.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 109.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Nomad Power Solutions, Inc. invested $62K in research and development in Q2 2026. This represents an increase of 2.6% from the same quarter a year earlier. Against the prior quarter it is down 81.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NMAD 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | $62K+2.6% | $333K+264.5% | N/A | $51K-86.0% | $61K-71.2% | $91K-23.2% | N/A | $362K+173.0% |
| SG&A Expenses | $2.3M+220.3% | $1.7M+168.7% | N/A | $1.8M+181.6% | $714K-10.6% | $615K-27.4% | N/A | $622K+74.6% |
| Operating Income | -$2.3M-203.3% | -$2.0M-181.1% | N/A | -$1.8M-83.2% | -$775K+23.2% | -$707K+26.9% | N/A | -$983K+4.0% |
| Interest Expense | $851-53.0% | $3K-1.2% | N/A | $457-56.4% | $2K-56.4% | $3K-56.4% | N/A | $1K+276.0% |
| Net Income | -$2.3M-202.2% | -$2.0M-180.1% | N/A | -$2.0M-100.8% | -$776K+23.3% | -$710K+26.9% | N/A | -$986K+3.2% |
| EPS (Basic) | -$0.16+44.8% | -$0.18+37.9% | N/A | -$0.33+25.0% | -$0.29+35.6% | -$0.29+32.6% | -$0.27+34.1% | -$0.44+10.2% |
| EPS (Diluted) | -$0.16 | -$0.18 | -$0.34 | -$0.33 | -$0.29 | -$0.29+32.6% | -$0.27+34.1% | -$0.44+10.2% |
| Diluted Shares (Avg) | 13M | 11M | N/A | 6M | 3M | 2M+9.9% | N/A | 2M+8.4% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, EBITDA, Income Tax.
NMAD Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.6M+2142.1% | $10.9M+617.5% | $12.7M+1011.6% | $5.4M+220.4% | $1.2M-55.4% | $1.5M-57.8% | $1.1M-73.4% | $1.7M-67.6% |
| Current Assets | $19.3M+1849.9% | $3.4M | $5.2M+352.1% | $5.4M+221.7% | $990K-62.9% | N/A | $1.1M-73.4% | $1.7M-67.7% |
| Cash & Equivalents | $12.7M+1328.1% | $3.3M+134.8% | $5.1M+391.5% | $2.9M+76.3% | $887K-65.8% | $1.4M-59.4% | $1.0M-75.3% | $1.6M-67.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.7M+209.2% | $1.7M+375.0% | $1.8M+456.8% | $521K+58.5% | $537K+27.4% | $355K-23.3% | $318K+1.4% | $329K+5.5% |
| Current Liabilities | $1.5M+179.3% | $1.2M+245.0% | $1.3M+318.8% | $521K+58.5% | $537K+27.4% | $355K-23.3% | $318K+1.4% | $329K+5.5% |
| Non-Current Liabilities | $161K | $462K | $439K | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $23.9M+3570.4% | $7.9M+585.4% | $9.7M+1068.3% | $4.9M+259.4% | $651K-71.0% | $1.2M-62.9% | $827K-79.3% | $1.4M-72.2% |
| Retained Earnings | -$62.2M-16.1% | -$60.0M-13.7% | -$58.1M-11.5% | -$55.5M-7.9% | -$53.6M-6.1% | -$52.8M-6.7% | -$52.1M-7.4% | -$51.4M-8.4% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
NMAD Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-230.6% | -$1.8M-222.1% | -$1.1M-81.7% | -$927K+3.2% | -$487K+40.5% | -$568K+28.0% | -$599K+33.6% | -$958K-1.4% |
| Stock-Based Compensation | $623K+158.9% | $82K-17.6% | N/A | $777K+627.0% | $240K+84.0% | $100K-3.1% | N/A | $107K-4.7% |
| Investing Cash Flow | -$6.5M | -$25K | -$535K | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | $3.8M | $5.6M | -$10K | $914K | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
NMAD 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -9.8%+109.3pp | -25.0%+36.2pp | N/A | -40.3%+31.8pp | -119.1%-74.1pp | -61.2%-30.1pp | N/A | -72.1%-51.4pp |
| Return on Assets | -8.8%+56.5pp | -18.3%+28.6pp | N/A | -36.4%+21.7pp | -65.3%-27.4pp | -46.9%-19.8pp | N/A | -58.1%-38.7pp |
| Current Ratio | 12.87+11.0x | 2.78 | 3.88+0.3x | 10.42+5.3x | 1.84-4.5x | N/A | 3.60-10.1x | 5.13-11.7x |
| Debt-to-Equity | 0.07-0.8x | 0.21-0.1x | 0.18-0.2x | 0.11-0.1x | 0.82+0.6x | 0.31+0.2x | 0.38+0.3x | 0.24+0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Where Nomad Power Solutions, Inc. Ranks
Frequently Asked Questions
Is Nomad Power Solutions, Inc. profitable?
No, Nomad Power Solutions, Inc. (NMAD) reported a net income of -$6.1M in fiscal year 2025.
What is Nomad Power Solutions, Inc.'s return on equity (ROE)?
Nomad Power Solutions, Inc. (NMAD) has a return on equity of -62.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nomad Power Solutions, Inc.'s operating cash flow?
Nomad Power Solutions, Inc. (NMAD) recorded an outflow of $3.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Nomad Power Solutions, Inc.'s total assets?
Nomad Power Solutions, Inc. (NMAD) had $12.7M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Nomad Power Solutions, Inc. spend on research and development?
Nomad Power Solutions, Inc. (NMAD) invested $255K in research and development during fiscal year 2025.
What is Nomad Power Solutions, Inc.'s current ratio?
Nomad Power Solutions, Inc. (NMAD) had a current ratio of 3.88 as of fiscal year 2025, which is generally considered healthy.
What is Nomad Power Solutions, Inc.'s debt-to-equity ratio?
Nomad Power Solutions, Inc. (NMAD) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nomad Power Solutions, Inc.'s return on assets (ROA)?
Nomad Power Solutions, Inc. (NMAD) had a return on assets of -47.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nomad Power Solutions, Inc.'s P/E ratio?
Nomad Power Solutions, Inc. (NMAD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $64.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nomad Power Solutions, Inc.'s price-to-sales ratio?
Nomad Power Solutions, Inc. (NMAD) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $64.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Nomad Power Solutions, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Nomad Power Solutions, Inc. (NMAD) held $5.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.1M over that year. Dividing the one by the other, the reported balance equals about 20 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 Nomad Power Solutions, Inc.'s Piotroski F-Score?
Nomad Power Solutions, Inc. (NMAD) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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 Nomad Power Solutions, Inc.'s earnings high quality?
Nomad Power Solutions, Inc. (NMAD) reported a net loss of $6.1M while operations used $3.1M 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.
Can Nomad Power Solutions, Inc. cover its interest payments?
Nomad Power Solutions, Inc. (NMAD) reported an operating loss of $5.1M against $9K 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.