NWTN Inc. Financials
This page shows NWTN Inc. (NWTNW) 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).
FY2024 reflects a cost reset and a sharp profit-cash disconnect, with liquidity still constrained despite positive operating cash flow.
The standout shift is that operating cash flow swung from-$138.0M in FY2023 to$33.6M in FY2024 even as net loss remained deep at-$172.5M . Because cash finished at only$148K and the current ratio was just 0.3x after$55.0M of financing outflow, the cash improvement appears tied to balance-sheet movements rather than a self-funding core operation.
The income statement improved in one specific way: gross margin flipped from
FY2024 also shows a balance sheet funded by obligations more than by assets:
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of NWTN Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NWTN Inc. has an operating margin of -795.1%, meaning the company retains $-795 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 down from -567.8% the prior year.
NWTN Inc. carries a low D/E ratio of -1.73, meaning only $-1.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
NWTN Inc.'s current ratio of 0.32 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
NWTN Inc. converts 278.6% of revenue into free cash flow ($33.4M). This strong cash generation earns a score of 100/100.
NWTN Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, NWTN Inc. generates $-0.19 in operating cash flow ($33.6M OCF vs -$172.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
NWTN Inc. generated $12.0M in revenue in fiscal year 2024. This represents a decrease of 67.9% from the prior year.
NWTN Inc.'s EBITDA was -$94.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.2% from the prior year.
NWTN Inc. reported -$172.5M in net income in fiscal year 2024. This represents an increase of 35.0% from the prior year.
NWTN Inc. earned $-0.59 per diluted share (EPS) in fiscal year 2024. This represents an increase of 35.9% from the prior year.
Cash & Balance Sheet
NWTN Inc. generated $33.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 123.3% from the prior year.
NWTN Inc. held $148K in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
NWTN Inc.'s gross margin was 22.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 53.5 percentage points from the prior year.
NWTN Inc.'s operating margin was -795.1% in fiscal year 2024, reflecting core business profitability. This is down 227.3 percentage points from the prior year.
NWTN Inc.'s net profit margin was -1438.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 727.8 percentage points from the prior year.
Capital Allocation
NWTN Inc. invested $4.5M in research and development in fiscal year 2024. This represents a decrease of 81.7% from the prior year.
NWTN Inc. invested $160K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 97.1% from the prior year.
NWTNW Income Statement
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
NWTNW Balance Sheet
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Total Assets | $34.9M-15.7% | $41.5M-75.1% | $166.3M-52.1% | $347.3M+2398.4% | $13.9M |
| Current Assets | $30.9M-5.0% | $32.6M-60.7% | $82.9M-65.5% | $240.3M+1632.8% | $13.9M |
| Cash & Equivalents | $147K-0.7% | $148K-99.4% | $23.2M-89.1% | $211.9M+994520.0% | $21K |
| Inventory | $982K-59.5% | $2.4M-68.8% | $7.8M+268.8% | $2.1M | N/A |
| Accounts Receivable | N/A | N/A | $2.3M | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $104.2M-3.6% | $108.0M+2.6% | $105.3M+39.7% | $75.4M+8.6% | $69.4M |
| Current Liabilities | $102.9M-0.4% | $103.2M+5.1% | $98.2M+47.6% | $66.5M-4.1% | $69.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$65.1M-4.0% | -$62.6M-196.7% | $64.8M-76.4% | $274.5M+622.4% | -$52.5M |
| Retained Earnings | -$739.3M-0.3% | -$737.0M-30.6% | -$564.5M-88.7% | -$299.2M-19.0% | -$251.5M |
NWTNW Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
NWTNW Financial Ratios
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.30-0.0 | 0.32-0.5 | 0.84-2.8 | 3.61+3.4 | 0.20 |
| Debt-to-Equity | -1.60+0.1 | -1.73-3.4 | 1.63+1.4 | 0.27+1.6 | -1.32 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$62.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is NWTN Inc.'s annual revenue?
NWTN Inc. (NWTNW) reported $12.0M in total revenue for fiscal year 2024. This represents a -67.9% 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 NWTN Inc.'s revenue growing?
NWTN Inc. (NWTNW) revenue declined by 67.9% year-over-year, from $37.3M to $12.0M in fiscal year 2024.
Is NWTN Inc. profitable?
No, NWTN Inc. (NWTNW) reported a net income of -$172.5M in fiscal year 2024, with a net profit margin of -1438.4%.
What is NWTN Inc.'s EBITDA?
NWTN Inc. (NWTNW) had EBITDA of -$94.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is NWTN Inc.'s gross margin?
NWTN Inc. (NWTNW) had a gross margin of 22.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is NWTN Inc.'s operating margin?
NWTN Inc. (NWTNW) had an operating margin of -795.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is NWTN Inc.'s net profit margin?
NWTN Inc. (NWTNW) had a net profit margin of -1438.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is NWTN Inc.'s free cash flow?
NWTN Inc. (NWTNW) generated $33.4M in free cash flow during fiscal year 2024. This represents a 123.3% 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 NWTN Inc.'s operating cash flow?
NWTN Inc. (NWTNW) generated $33.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are NWTN Inc.'s total assets?
NWTN Inc. (NWTNW) had $41.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are NWTN Inc.'s capital expenditures?
NWTN Inc. (NWTNW) invested $160K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does NWTN Inc. spend on research and development?
NWTN Inc. (NWTNW) invested $4.5M in research and development during fiscal year 2024.
What is NWTN Inc.'s current ratio?
NWTN Inc. (NWTNW) had a current ratio of 0.32 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is NWTN Inc.'s debt-to-equity ratio?
NWTN Inc. (NWTNW) had a debt-to-equity ratio of -1.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NWTN Inc.'s return on assets (ROA)?
NWTN Inc. (NWTNW) had a return on assets of -416.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is NWTN Inc.'s debt-to-equity ratio negative or unusual?
NWTN Inc. (NWTNW) has negative shareholder equity of -$62.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is NWTN Inc.'s Piotroski F-Score?
NWTN Inc. (NWTNW) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NWTN Inc.'s earnings high quality?
NWTN Inc. (NWTNW) has an earnings quality ratio of -0.19x, considered mixed quality. 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.
How financially healthy is NWTN Inc.?
NWTN Inc. (NWTNW) scores 28 out of 100 on our Financial Profile, indicating weak 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.