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

NWTN Inc. (NWTNW) reported diluted earnings per share of $-10.59 for fiscal year 2025. This represents a 10.3% 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.

NWTN Inc. Financials

NWTNW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows NWTN Inc. (NWTNW) financial statements, including the 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 NWTNW FY2024 2026-04-22

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 -31.3% to 22.2% while SG&A fell from $169.0M to $91.0M. That means the company stopped losing money on each incremental sale before overhead, but its revenue base shrank to $12.0M, still far too small to carry the remaining cost structure.

FY2024 also shows a balance sheet funded by obligations more than by assets: $41.5M of assets versus $108.0M of liabilities produced negative equity of -$62.6M. With cash down from $23.2M a year earlier to $148K, liquidity pressure intensified even as reported operating cash flow turned positive.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 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.

Growth

NWTN Inc.'s revenue declined 92.1% year-over-year, from $12.0M to $950K. This contraction results in a growth score of 0/100.

Leverage

NWTN Inc. carries a low D/E ratio of -1.08, meaning only $-1.08 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.

Liquidity

NWTN Inc.'s current ratio of 0.06 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

1/9

NWTN Inc. passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$950K

YoY-92.1%

NWTN Inc. generated $950K in revenue in fiscal year 2025. This represents a decrease of 92.1% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-10.59

YoY+10.3%

NWTN Inc. earned $-10.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.1M

YoY+2695.9%

5Y CAGR+269.6%

NWTN Inc. held $4.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

62.5%

YoY+40.3pp

NWTN Inc.'s gross margin was 62.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 40.3 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

$64K

YoY-98.6%

5Y CAGR-49.0%

NWTN Inc. invested $64K in research and development in fiscal year 2025. This represents a decrease of 98.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

NWTNW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$950K-92.1%	$12.0M-67.9%	$37.3M	N/A	N/A	N/A
Cost of Revenue	$356K-96.2%	$9.3M-81.0%	$49.0M	N/A	N/A	N/A
Gross Profit	$594K-77.7%	$2.7M+122.8%	-$11.7M	N/A	N/A	N/A
R&D Expenses	$64K-98.6%	$4.5M-81.7%	$24.4M+53.7%	$15.9M+2093.1%	$725K-61.0%	$1.9M
SG&A Expenses	N/A	$91.0M-46.2%	$169.0M+616.3%	$23.6M+134.9%	$10.0M+11.1%	$9.0M
Operating Income	N/A	-$95.4M+55.0%	-$212.0M-416.5%	-$41.0M-281.2%	-$10.8M-516.4%	-$1.7M
Interest Expense	$9.8M+264.3%	$2.7M-17.1%	$3.2M	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	$9	N/A	N/A
Net Income	N/A	-$172.5M+35.0%	-$265.3M-456.1%	-$47.7M-285.1%	-$12.4M-4.0%	-$11.9M
EPS (Diluted)	$-10.59+10.3%	$-11.81+36.2%	$-18.50-9636.8%	$-0.19-280.0%	$-0.050.0%	$-0.05

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

NWTNW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.4M-79.6%	$41.5M-75.1%	$166.3M-52.1%	$347.3M+2398.4%	$13.9M	N/A
Current Assets	$8.0M-75.4%	$32.6M-60.7%	$82.9M-65.5%	$240.3M+1632.8%	$13.9M	N/A
Cash & Equivalents	$4.1M+2695.9%	$148K-99.4%	$23.2M-89.1%	$211.9M+994520.0%	$21K+255.0%	$6K
Inventory	$267K-89.0%	$2.4M-68.8%	$7.8M+268.8%	$2.1M	N/A	N/A
Accounts Receivable	N/A	N/A	$2.3M	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$120.2M+11.3%	$108.0M+2.6%	$105.3M+39.7%	$75.4M+8.6%	$69.4M	N/A
Current Liabilities	$124.6M+20.7%	$103.2M+5.1%	$98.2M+47.6%	$66.5M-4.1%	$69.4M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$111.8M-78.6%	-$62.6M-196.7%	$64.8M-76.4%	$274.5M+622.4%	-$52.5M+74.7%	-$208.0M
Retained Earnings	-$904.4M-22.7%	-$737.0M-30.6%	-$564.5M-88.7%	-$299.2M-19.0%	-$251.5M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
Total Assets	$8.4M-75.8%	$34.9M-15.7%	$41.5M-75.1%	$166.3M-52.1%	$347.3M+2398.4%	$13.9M
Current Assets	$8.0M-74.1%	$30.9M-5.0%	$32.6M-60.7%	$82.9M-65.5%	$240.3M+1632.8%	$13.9M
Cash & Equivalents	$4.1M+2715.0%	$147K-0.7%	$148K-99.4%	$23.2M-89.1%	$211.9M+994520.0%	$21K
Inventory	$267K-72.8%	$982K-59.5%	$2.4M-68.8%	$7.8M+268.8%	$2.1M	N/A
Accounts Receivable	N/A	N/A	N/A	$2.3M	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$120.2M+15.4%	$104.2M-3.6%	$108.0M+2.6%	$105.3M+39.7%	$75.4M+8.6%	$69.4M
Current Liabilities	$124.6M+21.1%	$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	N/A
Total Equity	-$111.8M-71.8%	-$65.1M-4.0%	-$62.6M-196.7%	$64.8M-76.4%	$274.5M+622.4%	-$52.5M
Retained Earnings	-$904.4M-22.3%	-$739.3M-0.3%	-$737.0M-30.6%	-$564.5M-88.7%	-$299.2M-19.0%	-$251.5M

NWTNW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$5.1M-115.1%	$33.6M+124.3%	-$138.0M+22.5%	-$178.0M-2814.9%	-$6.1M-821.2%	-$663K
Capital Expenditures	N/A	$160K-97.1%	$5.5M+356.4%	$1.2M	N/A	N/A
Free Cash Flow	N/A	$33.4M+123.3%	-$143.6M+19.9%	-$179.2M	N/A	N/A
Investing Cash Flow	$76K+111.6%	-$656K+96.9%	-$21.2M-210.6%	-$6.8M-30968.2%	-$22K-108.2%	$267K
Financing Cash Flow	$8.8M+116.0%	-$55.0M-103.9%	-$27.0M-106.9%	$393.2M+6260.6%	$6.2M+2745.5%	$217K
Dividends Paid	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

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	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

NWTNW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	62.5%+40.3pp	22.2%+53.5pp	-31.3%	N/A	N/A	N/A
Operating Margin	N/A	-795.1%-227.3pp	-567.8%	N/A	N/A	N/A
Net Margin	N/A	-1438.4%-727.8pp	-710.6%	N/A	N/A	N/A
Return on Equity	N/A	N/A	-409.7%-392.3pp	-17.4%	N/A	N/A
Return on Assets	N/A	-416.1%-256.5pp	-159.6%-145.8pp	-13.7%+75.4pp	-89.1%	N/A
Current Ratio	0.06-0.3	0.32-0.5	0.84-2.8	3.61+3.4	0.20	N/A
Debt-to-Equity	-1.08+0.7	-1.73-3.4	1.63+1.4	0.27+1.6	-1.32	N/A
FCF Margin	N/A	278.6%+663.1pp	-384.5%	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.06-0.2	0.30-0.0	0.32-0.5	0.84-2.8	3.61+3.4	0.20
Debt-to-Equity	-1.08+0.5	-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	N/A

Note: Shareholder equity is negative (-$111.8M), 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 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is NWTN Inc.'s annual revenue?

NWTN Inc. (NWTNW) reported $950K in total revenue for fiscal year 2025. This represents a -92.1% 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 NWTN Inc.'s revenue growing?

NWTN Inc. (NWTNW) revenue declined by 92.1% year-over-year, from $12.0M to $950K in fiscal year 2025.

What is NWTN Inc.'s gross margin?

NWTN Inc. (NWTNW) had a gross margin of 62.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is NWTN Inc.'s operating cash flow?

NWTN Inc. (NWTNW) generated -$5.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are NWTN Inc.'s total assets?

NWTN Inc. (NWTNW) had $8.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does NWTN Inc. spend on research and development?

NWTN Inc. (NWTNW) invested $64K in research and development during fiscal year 2025.

What is NWTN Inc.'s current ratio?

NWTN Inc. (NWTNW) had a current ratio of 0.06 as of fiscal year 2025, 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 -1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NWTN Inc.'s cash runway?

Based on fiscal year 2025 data, NWTN Inc. (NWTNW) had $4.1M in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 10 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.

Why is NWTN Inc.'s debt-to-equity ratio negative or unusual?

NWTN Inc. (NWTNW) has negative shareholder equity of -$111.8M as of fiscal year 2025, 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 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is NWTN Inc.?

NWTN Inc. (NWTNW) scores 21 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.