GOEV · Canoo 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 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $891.0K | $605.0K | $0 | - | $519.0K | $0 | $0 | - | $0 | $0 |
| Cost of Revenue | $170.0K | $0 | $0 | - | - | - | - | - | - | - |
| Gross Profit | $721.0K | $0 | $0 | - | $0 | - | - | - | - | - |
| R&D | $17.50M | $16.78M | $26.39M | - | $21.96M | $38.58M | $47.10M | - | $57.06M | $115.46M |
| SG&A | $22.60M | $21.80M | $32.87M | - | $24.93M | $30.42M | $29.85M | - | $48.83M | $55.15M |
| Total Operating Expenses | $59.91M | $41.95M | $62.65M | - | $48.38M | $73.56M | $81.53M | - | $109.34M | $173.50M |
| D&A | $3.80M | $3.40M | $3.39M | - | $1.50M | $4.56M | $4.58M | - | $3.45M | $2.89M |
| Operating Income | ($59.19M) | ($43.19M) | ($62.65M) | - | ($48.77M) | ($73.56M) | ($81.53M) | - | ($109.34M) | ($173.50M) |
| Interest Expense | $4.20M | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | - | $0 | $0 | $0 | - | $0 | $0 |
| Net Income | $3.26M | ($4.96M) | ($110.69M) | - | ($111.97M) | ($70.87M) | ($90.73M) | - | ($117.70M) | ($164.39M) |
| EPS - Basic | $0.03 | ($0.09) | ($2.20) | - | ($0.18) | ($0.14) | ($0.22) | - | ($0.43) | ($0.50) |
| EPS - Diluted | ($0.31) | ($0.09) | ($2.20) | - | ($0.18) | ($0.14) | ($0.22) | - | ($0.35) | ($0.68) |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.53M | $4.51M | $3.66M | $6.39M | $8.26M | $4.99M | $6.71M | $36.59M | $6.82M | $33.80M |
| Accounts Receivable | $0 | - | - | - | - | - | - | - | - | - |
| Inventory | $9.91M | $9.30M | $6.80M | $6.15M | $5.68M | $5.31M | $5.11M | $2.95M | $1.28M | - |
| Accounts Payable | $81.02M | $73.63M | $67.77M | $65.31M | $78.05M | $84.42M | $88.83M | $103.19M | $96.58M | $93.64M |
| Current Assets | $28.98M | $33.35M | $32.39M | $32.55M | $32.79M | $25.50M | $27.00M | $52.32M | $40.41M | $70.57M |
| Total Assets | $523.29M | $543.32M | $544.68M | $542.00M | $534.35M | $522.10M | $488.12M | $496.47M | $444.79M | $397.51M |
| Current Liabilities | $202.34M | $195.03M | $201.22M | $184.45M | $187.64M | $202.36M | $174.78M | $218.28M | $183.19M | $179.73M |
| Long-term Debt | - | - | - | - | $0 | - | - | - | - | - |
| Total Liabilities | $301.33M | $347.02M | $360.41M | $292.43M | $368.69M | $289.35M | $236.36M | $259.90M | $216.91M | $209.17M |
| Stockholders' Equity | $221.96M | $196.30M | $184.26M | $249.58M | $165.65M | $232.75M | $251.75M | $236.57M | $227.87M | $188.34M |
| Retained Earnings | ($1.59B) | ($1.60B) | ($1.59B) | ($1.48B) | ($1.45B) | ($1.34B) | ($1.27B) | ($1.18B) | ($1.10B) | ($981.89M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($47.52M) | - | - | - | ($67.22M) | - | - | - |
| Investing Cash Flow | - | - | ($4.92M) | - | - | - | ($18.43M) | - | - | - |
| Financing Cash Flow | - | - | $49.78M | - | - | - | $56.08M | - | - | - |
| CapEx | - | - | $4.92M | - | - | - | $18.43M | - | - | - |
| Free Cash Flow | - | - | ($52.44M) | - | - | - | ($85.65M) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 80.9% | 0.0% | - | - | 0.0% | - | - | - | - | - |
| Operating margin | -6643.3% | -7139.2% | - | - | -9396.7% | - | - | - | - | - |
| EBITDA margin | -6216.8% | -6577.2% | - | - | -9108.7% | - | - | - | - | - |
| Net margin | 365.7% | -819.8% | - | - | -21575.0% | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 0.47 | - | - | - | 0.94 | - | - | - |
| R&D / Revenue | 1964.3% | 2774.2% | - | - | 4232.2% | - | - | - | - | - |
| SG&A / Revenue | 2536.9% | 3604.0% | - | - | 4802.5% | - | - | - | - | - |
| Effective tax rate | 0.0% | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.6% | -0.9% | -20.3% | - | -21.0% | -13.6% | -18.6% | - | -26.5% | -41.4% |
| Return on equity | 1.5% | -2.5% | -60.1% | - | -67.6% | -30.4% | -36.0% | - | -51.7% | -87.3% |
| Return on invested capital | - | - | - | - | -23.3% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.14 | 0.17 | 0.16 | 0.18 | 0.17 | 0.13 | 0.15 | 0.24 | 0.22 | 0.39 |
| Quick ratio | 0.09 | 0.12 | 0.13 | 0.14 | 0.14 | 0.10 | 0.13 | 0.23 | 0.21 | 0.39 |
| Cash ratio | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.02 | 0.04 | 0.17 | 0.04 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.00 | - | - | - | - | - |
| Debt / Assets | - | - | - | - | 0.00 | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -14.1x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.36 | 2.77 | 2.96 | 2.17 | 3.23 | 2.24 | 1.94 | 2.10 | 1.95 | 2.11 |
| Liabilities / Assets | 0.58 | 0.64 | 0.66 | 0.54 | 0.69 | 0.55 | 0.48 | 0.52 | 0.49 | 0.53 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 |
| Inventory turnover | 0.02 | 0.00 | 0.00 | - | - | - | - | - | - | - |
| Days sales outstanding | 0d | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 21284d | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 173944d | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | -152660d | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 71.7% | - | - | - | - | - | - | - | -100.0% | - |
| Revenue CAGR (3y) | -29.6% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -21.4% | 41.3% | 23.2% | - | 55.4% | 57.6% | 42.1% | - | -2.2% | -66.3% |
| Net income growth (YoY) | - | 93.0% | -22.0% | - | 4.9% | 56.9% | 27.6% | - | -45.5% | -46.1% |
| EPS growth (YoY) | -72.2% | 35.7% | -900.0% | - | 48.6% | 79.4% | -214.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 38.8% | - | - | - | 42.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 34.0% | -15.7% | -26.8% | 5.5% | -27.3% | 23.6% | 1.6% | -31.2% | -50.6% | -64.0% |
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Canoo Inc. against the 5 most active filers in the same SIC group.