Envirotech Vehicles delays Q2 2025 10-Q filing

Envirotech Vehicles, Inc. filed a notice that it will delay submitting its Form 10-Q for the quarter ended June 30, 2025 because it needs more time to complete the final review of its financial statements and disclosures.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

NT 10-Q

Rhea-AI Filing Summary

Envirotech Vehicles, Inc. filed a notice that it will delay submitting its Form 10-Q for the quarter ended June 30, 2025 because it needs more time to complete the final review of its financial statements and disclosures. The company expects to file the quarterly report within the five-day extension period allowed under SEC Rule 12b-25 for late Form 10-Q filings. Envirotech also indicates that the upcoming results will show a significant change in net loss from the same quarter last year, driven by a non-cash impairment charge tied to a decline in its stock price and by changes in inventory and receivables reserves. The company states it cannot yet provide reasonable quantitative estimates for these changes because its financial statement preparation and review processes are still being completed.

Positive

None.

Negative

Envirotech Vehicles, Inc. expects a significantly larger net loss for the quarter ended June 30, 2025, driven by a non-cash impairment related to its stock price and changes in inventory and receivables reserves.

Insights

Late 10-Q and larger net loss driven by non-cash impairment and reserve changes.

Envirotech Vehicles, Inc. has notified investors that its Form 10-Q for the quarter ended June 30, 2025 will be filed late, citing the need for additional time to complete financial statement review. The company expects to file within the five-day grace period allowed for quarterly reports, which limits the delay but still signals some complexity in closing the books.

The company also warns that the quarter will show a significant change in net loss versus the same period last year, primarily due to a non-cash impairment charge linked to its stock price and adjustments to inventory and receivables reserves. While the impairment itself does not use cash, it reflects reduced carrying values and reserve changes that affect reported earnings. Without quantitative detail yet, the disclosure points to materially weaker reported results, and the final 10-Q will be important for understanding the magnitude and drivers of these charges.

FAQ

Why is Envirotech Vehicles (EVTV) delaying its Q2 2025 Form 10-Q filing?

Envirotech Vehicles, Inc. is delaying its Form 10-Q for the quarter ended June 30, 2025 because it needs additional time to complete the final review of its financial statements and other disclosures, and says filing on time would require unreasonable effort and expense.

When does Envirotech Vehicles (EVTV) expect to file the delayed Q2 2025 10-Q?

The company states that it currently expects to file the Form 10-Q within the five-day extension period provided under Rule 12b-25 for late quarterly reports.

Will Envirotech Vehicles’ Q2 2025 results differ significantly from last year?

Yes. Envirotech Vehicles, Inc. expects the Form 10-Q to show a significant change in net loss compared with the corresponding period last year, mainly due to a non-cash impairment charge, inventory changes, and adjustments to its receivables reserve.

What is causing the non-cash impairment charge at Envirotech Vehicles (EVTV)?

The company states that the significant change in net loss will be due in part to a non-cash impairment charge associated with the decline of Envirotech Vehicles, Inc.’s stock price.

Does Envirotech Vehicles (EVTV) quantify the expected Q2 2025 net loss change in this notice?

No. Envirotech Vehicles, Inc. explains that it is unable to provide reasonable quantitative estimates of the changes in results of operations because it needs more time to complete certain items in its financial statement preparation and review processes.

Are other Envirotech Vehicles (EVTV) SEC reports current despite the late 10-Q?

The company answers affirmatively that 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 in the preceding 12 months have been filed.

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

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Accepted by SEC EDGAR 08/14/2025 - 04:30 PM

		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: June 30, 2025

☐	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, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the “Form 10-Q”) 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-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 impairment charge associated with the decline of the Company’s stock price and changes in inventory and the Company’s receivables reserve. 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.