SHOREPOWER TECHNOLOGIES (SPEV) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPEV SEC filings page.
SHOREPOWER TECHNOLOGIES (SPEV) reported $41K in revenue over the twelve months to Mar 31, 2026, down 81.7% from the prior twelve months. This page shows its 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).
Revenue scale-up exposed a business with improving gross economics but operating losses and a balance sheet financed overwhelmingly by liabilities.
Revenue growth did not translate into operating leverage: revenue reached$203.7K in FY2025 from$65.1K in FY2024 while gross margin moved from-19.5% to58.9% . Yet operating margin remained-132.2% , showing that added gross profit still could not absorb the operating cost structure.
The cash-conversion gap is substantial: operating cash flow moved from
At FY2025 year-end,
Financial Health Signals
SHOREPOWER TECHNOLOGIES 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.
SHOREPOWER TECHNOLOGIES scores -118.04, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.2M) relative to total liabilities ($2.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
SHOREPOWER TECHNOLOGIES passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
SHOREPOWER TECHNOLOGIES reported a net loss of $337K while operations used $3K of cash. With neither figure positive, the ratio between the two carries no quality signal.
SHOREPOWER TECHNOLOGIES reported an operating loss of $269K against $68K 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
SHOREPOWER TECHNOLOGIES generated $2K in revenue in Q1 2026. This represents a decrease of 98.6% from the same quarter a year earlier. Against the prior quarter it is down 90.4%.
SHOREPOWER TECHNOLOGIES reported -$140K in net income in Q1 2026. This represents a decrease of 2470.7% from the same quarter a year earlier. Against the prior quarter it is down 40.7%.
SHOREPOWER TECHNOLOGIES earned $0.00 per diluted share (EPS) in Q1 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q1 2026.
Cash & Balance Sheet
SHOREPOWER TECHNOLOGIES held $0 in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
SPEV 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2K-98.6% | $24K+88.5% | $8K-46.0% | $7K-78.7% | $165K+4190.2% | $12K+338.7% | $15K+320.1% | $33K+159.3% |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $29K+66.4% | $22K+55.7% |
| Gross Profit | -$12K-109.6% | $9K+141.6% | -$9K+42.1% | -$6K-117.4% | $125K+1523.5% | -$22K-155.0% | -$15K+6.2% | $33K+899.0% |
| SG&A Expenses | $37K+45.1% | $27K-15.2% | $38K+212.9% | $15K-56.7% | $26K+18.9% | $32K-10.3% | $12K-64.9% | $34K-31.5% |
| Operating Income | -$120K-625.9% | -$82K | -$121K-9.9% | -$89K+4.2% | $23K+121.6% | N/A | -$110K+0.4% | -$93K+27.0% |
| Interest Expense | $20K+19.4% | $17K0.0% | $17K-1.1% | $17K-27.5% | $17K+38.6% | $17K+327.9% | $17K-43.8% | $24K-98.6% |
| Net Income | -$140K-2470.7% | -$99K | -$138K-78.6% | -$106K+9.0% | $6K+105.0% | N/A | -$77K+45.3% | -$116K+61.5% |
| EPS (Basic) | $0.00-100.0% | N/A | $0.00 | $0.00 | $0.01 | N/A | $0.00 | $0.00+100.0% |
| EPS (Diluted) | $0.00-100.0% | N/A | $0.00 | $0.00 | $0.01 | N/A | $0.00 | $0.00+100.0% |
| Diluted Shares (Avg) | 50M+3.5% | N/A | 49M+1.5% | 49M+1.5% | 49M+14.4% | N/A | 48M+1.4% | 48M+2.2% |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA, Income Tax.
SPEV 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $75K-58.7% | $55K-16.6% | $74K+1.4% | $145K+59.6% | $182K-13.3% | $65K-78.8% | $73K-83.2% | $91K-83.3% |
| Current Assets | $59K-67.3% | $54K-16.9% | $73K+1.4% | $144K+60.3% | $181K-13.4% | $64K-79.1% | $72K-83.4% | $90K-83.4% |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% |
| Inventory | $39K+105.1% | $37K-16.9% | $18K-47.0% | $19K+4.3% | $19K+158.3% | $45K+551.0% | $35K+142.2% | $18K+27.7% |
| Accounts Receivable | $866-99.5% | $984 | $843-94.3% | $102K+607.1% | $162K | $0-100.0% | $15K+492.0% | $14K+475.4% |
| Total Liabilities | $2.1M+16.3% | $2.1M+17.9% | $2.0M+22.6% | $1.9M+23.0% | $1.8M+20.9% | $1.7M+13.5% | $1.6M+6.2% | $1.6M-10.7% |
| Current Liabilities | $1.2M+32.6% | $1.1M+38.0% | $1.1M+52.7% | $987K+62.7% | $918K+74.8% | $822K+63.9% | $690K+71.1% | $607K+66.8% |
| Non-Current Liabilities | $920K0.0% | $920K0.0% | $920K0.0% | $920K-2.5% | $920K-7.6% | $920K-11.0% | $920K-17.3% | $944K-31.3% |
| Total Equity | -$2.1M-24.5% | -$2.0M-19.3% | -$1.9M-23.6% | -$1.8M-20.7% | -$1.7M-23.3% | -$1.7M-36.7% | -$1.5M-35.1% | -$1.5M-22.2% |
| Retained Earnings | -$3.4M-16.4% | -$3.3M-11.5% | -$3.2M-13.5% | -$3.0M-11.6% | -$2.9M-14.0% | -$2.9M-18.1% | -$2.8M-19.4% | -$2.7M-34.0% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.
SPEV 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
SPEV 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -530.0% | 38.1% | -103.3% | -79.2%-176.7pp | 76.1% | -172.5% | -96.4% | 97.5%+129.1pp |
| Operating Margin | -5289.8% | -350.0% | -1449.3% | -1245.6% | 13.8% | N/A | -712.9% | -277.6% |
| Net Margin | -6179.4% | -421.9% | -1652.0% | -1486.3% | 3.6% | N/A | -499.9% | -348.6% |
| Return on Assets | -186.2%-189.5pp | -182.0% | -186.2%-80.5pp | -73.0%+55.0pp | 3.3%+59.4pp | N/A | -105.7%-73.2pp | -128.0%-72.4pp |
| Current Ratio | 0.05-0.1x | 0.050.0x | 0.070.0x | 0.150.0x | 0.20-0.2x | 0.08-0.5x | 0.10-1.0x | 0.15-1.3x |
| Asset Turnover | 0.03-0.9x | 0.43+0.2x | 0.11-0.1x | 0.05-0.3x | 0.91+0.9x | 0.19+0.2x | 0.21+0.2x | 0.37+0.3x |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, 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.
Note: Shareholder equity is negative (-$2.0M), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| SHOREPOWER TECHNOLOGIES SPEV | FY2025 | $204K | -$337K | N/A | $8.2M | — |
| GHST WORLD INC GHST | FY2025 | N/A | N/A | N/A | $3.8M | — |
Where SHOREPOWER TECHNOLOGIES Ranks
Frequently Asked Questions
What is SHOREPOWER TECHNOLOGIES's annual revenue?
SHOREPOWER TECHNOLOGIES (SPEV) reported $204K in total revenue for fiscal year 2025. This represents a 212.7% 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 SHOREPOWER TECHNOLOGIES's revenue growing?
SHOREPOWER TECHNOLOGIES (SPEV) revenue grew by 212.7% year-over-year, from $65K to $204K in fiscal year 2025.
Is SHOREPOWER TECHNOLOGIES profitable?
No, SHOREPOWER TECHNOLOGIES (SPEV) reported a net income of -$337K in fiscal year 2025.
What is SHOREPOWER TECHNOLOGIES's gross margin?
SHOREPOWER TECHNOLOGIES (SPEV) had a gross margin of 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is SHOREPOWER TECHNOLOGIES's operating cash flow?
SHOREPOWER TECHNOLOGIES (SPEV) recorded an outflow of $3K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are SHOREPOWER TECHNOLOGIES's total assets?
SHOREPOWER TECHNOLOGIES (SPEV) had $55K in total assets as of fiscal year 2025, including both current and long-term assets.
What is SHOREPOWER TECHNOLOGIES's current ratio?
SHOREPOWER TECHNOLOGIES (SPEV) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is SHOREPOWER TECHNOLOGIES's return on assets (ROA)?
SHOREPOWER TECHNOLOGIES (SPEV) had a return on assets of -617.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does SHOREPOWER TECHNOLOGIES's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, SHOREPOWER TECHNOLOGIES (SPEV) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $3K over that year. Dividing the one by the other, the reported balance equals about 0 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.
Why is SHOREPOWER TECHNOLOGIES's debt-to-equity ratio negative or not reported?
SHOREPOWER TECHNOLOGIES (SPEV) has negative shareholder equity of -$2.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 SHOREPOWER TECHNOLOGIES's Altman Z-Score?
SHOREPOWER TECHNOLOGIES (SPEV) has an Altman Z-Score of -118.04, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is SHOREPOWER TECHNOLOGIES's Piotroski F-Score?
SHOREPOWER TECHNOLOGIES (SPEV) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 SHOREPOWER TECHNOLOGIES's earnings high quality?
SHOREPOWER TECHNOLOGIES (SPEV) reported a net loss of $337K while operations used $3K 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 SHOREPOWER TECHNOLOGIES cover its interest payments?
SHOREPOWER TECHNOLOGIES (SPEV) reported an operating loss of $269K against $68K 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.