EVTV · Envirotech Vehicles, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | $19.14M | $1.38M | $1.86M | $2.77M | $1.28M | $303.0K |
| Gross Profit | ($13.20M) | $488.8K | $1.01M | $1.73M | $761.4K | $315.0K |
| R&D | $731.8K | $192.9K | $236.2K | $149.9K | $58.1K | $75.0K |
| SG&A | $11.28M | $8.15M | $8.17M | $8.00M | $8.24M | $4.42M |
| Total Operating Expenses | $25.48M | $8.41M | $13.72M | $45.58M | $8.49M | $4.65M |
| D&A | $960.5K | $190.5K | $128.8K | $97.2K | $70.3K | $44.0K |
| Operating Income | ($38.68M) | ($7.92M) | ($12.71M) | ($43.85M) | ($7.72M) | ($4.34M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | $0 | ($127.3K) | - |
| Net Income | ($39.13M) | ($8.85M) | ($12.68M) | ($43.80M) | ($7.65M) | ($4.39M) |
| EPS - Basic | ($11.54) | ($5.50) | ($8.40) | ($6.70) | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $359.0K | $1.94M | $456.7K | $2.77M | $4.85M | $4.14M |
| Accounts Receivable | - | $1.01M | $692.1K | $2.07M | $1.43M | $13.6K |
| Inventory | $0 | $6.42M | $6.83M | $5.67M | $3.85M | $353.7K |
| Accounts Payable | $3.58M | $1.47M | $760.8K | $603.7K | $238.5K | $9.0K |
| Current Assets | $3.48M | $17.64M | $12.06M | $18.34M | $23.02M | $5.60M |
| Total Assets | $4.67M | $32.67M | $22.65M | $33.48M | $75.31M | $6.17M |
| Current Liabilities | $13.29M | $11.74M | $1.77M | $1.47M | $1.55M | $1.11M |
| Long-term Debt | $485.8K | $3.38M | $279.7K | - | - | - |
| Total Liabilities | $13.60M | $11.75M | $2.02M | $1.49M | $1.57M | $1.53M |
| Stockholders' Equity | ($8.93M) | $20.92M | $20.63M | $31.99M | $73.74M | $4.63M |
| Retained Earnings | ($112.59M) | ($73.46M) | ($64.61M) | ($51.93M) | ($8.12M) | ($63.56M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.59M) | ($3.50M) | ($4.25M) | ($7.43M) | ($12.94M) | ($2.96M) |
| Investing Cash Flow | ($176.8K) | ($4.71M) | $2.31M | $5.51M | ($4.68M) | $2.76M |
| Financing Cash Flow | $4.18M | $9.70M | ($430.5K) | ($156.7K) | $20.59M | ($93.0K) |
| CapEx | $176.8K | $430.3K | $35.8K | $168.6K | $28.0K | $12.0K |
| Free Cash Flow | ($5.76M) | ($3.94M) | ($4.28M) | ($7.60M) | ($12.96M) | ($2.97M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.15 | 0.44 | 0.34 | 0.17 | 1.69 | 0.68 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -838.2% | -27.1% | -56.0% | -130.8% | -10.2% | -71.1% |
| Return on equity | 438.2% | -42.3% | -61.5% | -136.9% | -10.4% | -94.6% |
| Return on invested capital | - | -25.7% | -48.0% | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.26 | 1.50 | 6.80 | 12.46 | 14.85 | 5.05 |
| Quick ratio | 0.26 | 0.96 | 2.95 | 8.61 | 12.37 | 4.73 |
| Cash ratio | 0.03 | 0.17 | 0.26 | 1.88 | 3.13 | 3.73 |
| Leverage | ||||||
| Debt / Equity | -0.05 | 0.16 | 0.01 | - | - | - |
| Debt / Assets | 0.10 | 0.10 | 0.01 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | -0.52 | 1.56 | 1.10 | 1.05 | 1.02 | 1.33 |
| Liabilities / Assets | 2.91 | 0.36 | 0.09 | 0.04 | 0.02 | 0.25 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | 0.22 | 0.27 | 0.49 | 0.33 | 0.86 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 0d | 1696d | 1342d | 747d | 1097d | 426d |
| Days payable outstanding | 68d | 388d | 150d | 79d | 68d | 11d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -51.4% | -41.9% | 127.5% | 141.7% | -66.3% |
| Operating income growth (YoY) | -388.4% | 37.7% | 71.0% | -467.7% | -78.1% | 16.8% |
| Net income growth (YoY) | -342.2% | 30.2% | 71.0% | -472.4% | -74.5% | 14.9% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -46.5% | 8.1% | 43.7% | 41.4% | -336.1% | 35.3% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | 1.4% | -35.5% | -56.6% | 1491.0% | 41.2% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Envirotech Vehicles against the 5 most active filers in the same SIC group.