Envirotech Vehicles delays Q1 2026 10-Q, seeks five-day extension

Envirotech Vehicles, Inc. has submitted a Form 12b-25 notifying the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026.

Rhea-AI Filing Summary

Envirotech Vehicles, Inc. has submitted a Form 12b-25 notifying the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company cites the need for additional time to complete its final review of financial statements and expects to file within the five calendar day extension period provided under Rule 12b-25.

The company states the Form 10-Q's earnings will reflect significant changes in net loss compared with the prior-year quarter due to a non-cash goodwill impairment charge associated with the decline of the Company’s stock price for the quarter ending March 31, 2025 that did not occur for the quarter ended March 31, 2026. Timing and final amounts remain under review.

Insights

Corporate Reporting Specialist

NT 10-Q filed citing additional time to complete review; expects five-day extension.

The notice states the company cannot file its Form 10-Q for the quarter ended March 31, 2026 without unreasonable effort and expense and plans to use the five-calendar-day extension under Rule 12b-25.

Key dependencies are completion of financial statement review and finalizing disclosures tied to a prior non-cash goodwill impairment. Subsequent filings will provide the definitive net loss impact and finalized financial statements.

Accounting & Financial Controls Analyst

Goodwill impairment disclosure drives material change in net loss; amounts pending completion of review.

The company attributes significant net loss differences to a non-cash goodwill impairment charge recorded in the quarter ended March 31, 2025 that did not recur in the quarter ended March 31, 2026. The filing notes the need for additional time to finish accounting and review procedures.

Watch for the filed 10-Q for the specific impairment amounts, any related note disclosures, and auditor commentary when available.

Key Figures

Form period end: March 31, 2026 Extension period: 5 calendar days Form 12b-25 signature date: May 15, 2026 +3 more

6 metrics

Form period end March 31, 2026 Quarter ended

Extension period 5 calendar days Rule 12b-25 extension

Form 12b-25 signature date May 15, 2026 Signed by Jason Maddox

Prior goodwill impairment quarter Quarter ended March 31, 2025 Non-cash goodwill impairment affected net loss

SEC file number 001-38078 Cover block

CUSIP 29414V 308 Cover block

Key Terms

Rule 12b-25, goodwill impairment, Form 12b-25

3 terms

Rule 12b-25 regulatory

"expects to file the Form 10-Q within the five calendar day extension period provided under Rule 12b-25"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

goodwill impairment financial

"non-cash goodwill impairment charge associated with the decline of the Company’s stock price"

Goodwill impairment occurs when a company’s valued reputation or brand strength, known as goodwill, is found to be worth less than previously recorded on its financial statements. This usually happens when the company's performance declines or market conditions change, signaling that the expected benefits from acquisitions or brand value are no longer as strong. It matters to investors because it can indicate that a company's assets are less valuable than initially thought, potentially affecting its overall financial health.

Form 12b-25 regulatory

"Notification of Late Filing"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did EVTV file a Form 12b-25 for the March 31, 2026 10-Q?

The company needs extra time to complete its final review of financial statements and disclosures. It expects to use the five-calendar-day extension under Rule 12b-25 to file the Form 10-Q.

Will EVTV file the Form 10-Q within the permitted extension?

Yes. The company currently expects to file the Form 10-Q within the five calendar day extension period provided under Rule 12b-25. The filing date will be reflected in subsequent SEC submissions.

Does the 12b-25 notice disclose material changes to results for the quarter?

The notice states the Form 10-Q will reflect significant changes in net loss versus the prior-year quarter due to a non-cash goodwill impairment charge in the March 31, 2025 quarter that did not recur in 2026.

What caused the change in net loss mentioned in the notice?

The company cites a non-cash goodwill impairment charge associated with a decline in the company's stock price for the quarter ended March 31, 2025, which did not occur for the quarter ended March 31, 2026.

Who signed the Form 12b-25 for Envirotech Vehicles (EVTV)?

The notice was signed by Jason Maddox, President and Interim Chief Financial Officer, on May 15, 2026, per the submitted form.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:54 PM EDT Learn about SEC filing dates

SEC FILE NUMBER

001-38078

CUSIP NUMBER

29414V 308

UNITED STATES

SECURITIES AND EXCHANGE

COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One):

☐  Form 10-K	☐ Form 20-F	☐ Form 11-K	☒  Form 10-Q	☐ Form 10-D	☐ Form N-CEN
☐ Form N-CSR

	For Period Ended: March 31, 2026
☐	Transition Report on Form 10-K
☐	Transition Report on Form 20-F
☐	Transition Report on Form 11-K
☐	Transition Report on Form 10-Q
	For the Transition Period Ended: _________________

Nothing in this form shall be construed to imply that the Commission

has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Envirotech Vehicles, Inc.

Full Name of Registrant

Not applicable

Former Name if Applicable

7510 Ardmore Street

Address of Principal Executive Office (Street and Number)

Houston, TX 77054

City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail why the Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR or the transition report portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)

Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), is unable to file, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”), within the prescribed time period without unreasonable effort and expense, because it needs additional time to complete its final review of its financial statements and other disclosures in the Form 10-Q. The Company currently expects to file the Form 10-Q within the five calendar day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Jason Maddox		870		970-3355
(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
	Yes ☒ No ☐

(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
	Yes ☒ No ☐
	If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. The Company expects that the results of operations to be included in the Form 10-Q will reflect significant changes in the Company’s net loss from the corresponding period for the last fiscal year due to a non-cash goodwill impairment charge associated with the decline of the Company’s stock price for the quarter ending March 31, 2025 that did not occur for the quarter ended March 31, 2026. The Company is unable to provide reasonable estimates regarding the changes in results of operations because the Company requires additional time to complete certain items with respect to its financial statement preparation and review processes. Cautionary Notice Regarding Forward-Looking Statements This Form 12b-25 includes information that constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the Company’s ability to file the Form 10-Q with the SEC within the expected time period and the Company’s expectations regarding the financial results to be included in the Form 10-Q. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. These factors include, without limitation, the risk that additional or different information may become known prior to the expected filing of the Form 10-Q. Other risks affecting the Company are discussed in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

Envirotech Vehicles, Inc.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 15, 2026	By:	/s/ Jason Maddox
	Name:	Jason Maddox
	Title:	President and Interim Chief Financial Officer