Here are the 10-K annual reports from NeoVolta Inc. (NEOV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NEOV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NEOV filings page.
NeoVolta Inc. amended its fiscal 2026 annual report to add director, compensation, ownership, related-party and auditor-fee disclosures. The amendment includes no financial statements and otherwise leaves the original report unchanged. The board determined that all directors except CEO Ardes Johnson and EVP Steve Bond are independent under Nasdaq rules.
Fiscal 2026 total compensation was $1,688,542 for CFO Jing Nealis, including $1,600,000 in stock awards, and $2,361,000 for COO Amany Ibrahim, including $2,173,500 in stock awards. From July 1, 2026, non-employee directors are to receive $50,000 in annual cash fees plus annual restricted stock units with a grant-date fair value of $100,000, or $125,000 for the chair.
NeoVolta issued Infinite Grid Capital, a holder of more than 5% of its common stock, 500,000 shares for consulting services and entering the agreement; success fees for qualifying offtake agreements are capped at $3,000,000 per agreement. In a related-party asset purchase from Neubau Energy, whose board includes COO Amany Ibrahim, NeoVolta paid $500,000 cash and issued 200,000 shares, with up to 4,000,000 additional shares tied to milestones and a $10.00-per-unit royalty for three years after closing.
NeoVolta Inc. reported fiscal 2026 revenue of $13.3 million, compared with $8.4 million in fiscal 2025. Net loss was $21.5 million, compared with $5.0 million; cash used in operations totaled $15.2 million, versus $4.4 million in fiscal 2025. At June 30, 2026, cash and cash equivalents were $22.2 million, alongside $3.15 million of restricted cash.
NeoVolta owns 80% of NeoVolta Power, LLC, the joint venture developing a utility-scale battery plant in Georgia. Projected total funding needs are approximately $40 million through June 30, 2027; NeoVolta had contributed $15 million in cash and anticipates additional cash contributions of up to $25 million through that date. The plant is designed for initial annual production capacity of 2 GWh, with its first phase expected to be completed at the end of fiscal 2027’s first quarter. NeoVolta received $26.3 million in net proceeds from its May 2026 underwritten offering and plans to use the proceeds largely for further joint venture contributions.
Three dealers accounted for approximately 39%, 15%, and 11% of fiscal 2026 revenue and approximately 45%, 31%, and 14% of net accounts receivable at June 30, 2026. NeoVolta also recorded a $1.5 million nonoperating credit loss on a note receivable.
NeoVolta, Inc. (NEOV) describes a product-focused year with multiple energy storage offerings including the NV14 (14.4 kWh with 7.6 kW hybrid inverter), NV24 expansion battery, NVPlus higher-capacity ESS introduced in 2024, and the NV7600 7.6 kW inverter launched in 2024. The company holds several U.S. patents related to its inverter and generator technology and lists multiple safety and interconnection certifications (UL 9540/9540A, UL 1741SA/SB, UL 1973, IEEE 1547, FCC Class B).
Financially, current assets and liabilities are reported with cash movements showing a net decrease in cash and cash equivalents of $191,591 and total current assets and other balances disclosed. The company executed equity financings including private offerings and warrant activity that raised proceeds (examples: $1,087,000 private offering; a prior unit offering with gross proceeds $4,485,000). Debt facilities include a $5.0 million line of credit with $383,538 outstanding and an asset-secured lender program with $2,603,223 outstanding as of June 30, 2025. Revenue concentration is notable: two dealers accounted for approximately 41% and 23% of revenues in the period and similar concentrations of receivables. Stock-based compensation and RSU grants increased materially, with stock compensation expense of $1,011,405 for 2025 and total RSUs of 1,806,362 granted to certain officers and employees.