PEV · Phoenix Motor 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 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.49M | $2.74M | $4.41M | - | $4.77M | $12.03M | $9.42M | - | $288.0K | $1.16M |
| Cost of Revenue | $1.82M | $1.83M | $3.05M | - | $3.66M | $10.20M | $6.92M | - | $293.0K | $1.22M |
| Gross Profit | $669.0K | $915.0K | $1.36M | - | $1.12M | $1.83M | $2.50M | - | ($5.0K) | ($61.0K) |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.63M | $2.60M | $3.30M | - | $9.47M | $8.93M | $8.65M | - | $2.53M | $3.10M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $445.0K | - | - | - | $416.0K | - | - | - |
| Operating Income | ($1.96M) | ($1.69M) | ($1.94M) | - | ($8.36M) | ($7.10M) | ($10.41M) | - | ($2.54M) | ($3.16M) |
| Interest Expense | $1.03M | - | $1.03M | - | - | - | $93.0K | - | - | - |
| Income Tax | - | $12.0K | - | - | ($3.75M) | ($5.67M) | $4.94M | - | - | $22.0K |
| Net Income | ($3.68M) | ($1.15M) | ($3.59M) | - | ($5.59M) | ($2.26M) | $14.80M | - | ($2.71M) | ($3.18M) |
| EPS - Basic | ($0.33) | ($0.14) | ($0.09) | - | ($0.15) | ($0.06) | $0.49 | - | ($0.13) | ($0.15) |
| EPS - Diluted | ($0.30) | ($0.14) | ($0.09) | - | ($0.15) | ($0.06) | $0.44 | - | ($0.13) | ($0.15) |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $276.0K | $112.0K | $828.0K | $764.0K | $279.0K | $1.40M | $2.80M | $31.0K | $186.0K | $382.0K |
| Accounts Receivable | $3.63M | $3.97M | $5.23M | $4.01M | $5.59M | $3.66M | $4.97M | $451.0K | $1.06M | $1.77M |
| Inventory | $38.36M | $39.52M | $39.44M | $40.76M | $45.14M | $47.83M | $56.22M | $1.80M | $2.04M | $2.19M |
| Accounts Payable | $4.23M | $3.83M | $3.43M | $4.26M | $3.16M | $2.95M | $2.63M | $3.53M | $1.96M | $2.03M |
| Current Assets | $48.31M | $50.33M | $52.63M | $52.01M | $58.10M | $60.52M | $71.07M | $6.02M | $4.34M | $5.71M |
| Total Assets | $51.76M | $54.49M | $57.47M | $57.58M | $64.23M | $67.47M | $78.73M | $11.64M | $15.73M | $18.00M |
| Current Liabilities | $32.25M | $30.40M | $31.39M | $26.22M | $26.52M | $19.74M | $25.39M | $10.88M | $6.69M | $6.17M |
| Long-term Debt | - | - | - | $138.0K | - | $143.0K | $143.0K | $144.0K | $146.0K | $143.0K |
| Total Liabilities | $46.43M | $46.68M | $48.09M | $47.26M | $49.32M | $45.61M | $55.06M | $16.48M | $10.68M | $10.30M |
| Stockholders' Equity | $5.33M | $7.81M | $9.38M | $10.32M | $14.91M | $21.86M | $23.67M | ($4.84M) | $5.04M | $7.70M |
| Retained Earnings | ($49.69M) | ($46.01M) | ($44.86M) | ($41.27M) | ($35.07M) | ($36.67M) | ($34.41M) | ($49.21M) | ($37.23M) | ($34.52M) |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($2.60M) | - | - | - | ($3.90M) | - | - | - |
| Investing Cash Flow | - | - | - | - | - | - | ($10.11M) | - | - | - |
| Financing Cash Flow | - | - | $2.66M | - | - | - | $13.53M | - | - | - |
| CapEx | - | - | - | - | - | - | $113.0K | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | ($4.01M) | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.9% | 33.4% | 30.9% | - | 23.4% | 15.2% | 26.6% | - | -1.7% | -5.3% |
| Operating margin | -78.8% | -61.6% | -43.9% | - | -175.2% | -59.0% | -110.6% | - | -880.6% | -273.0% |
| EBITDA margin | - | - | -33.8% | - | - | - | -106.1% | - | - | - |
| Net margin | -147.7% | -42.0% | -81.3% | - | -117.2% | -18.8% | 157.1% | - | -941.3% | -274.4% |
| Free cash flow margin | - | - | - | - | - | - | -42.6% | - | - | - |
| FCF / Net income | - | - | - | - | - | - | -0.27 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 105.6% | 95.0% | 74.8% | - | 198.6% | 74.2% | 91.8% | - | 878.8% | 267.7% |
| Effective tax rate | - | - | - | - | - | - | 25.0% | - | - | - |
| Return on assets | -7.1% | -2.1% | -6.2% | - | -8.7% | -3.3% | 18.8% | - | -17.2% | -17.7% |
| Return on equity | -69.1% | -14.8% | -38.2% | - | -37.5% | -10.3% | 62.5% | - | -53.7% | -41.3% |
| Return on invested capital | - | - | - | - | - | -25.5% | -32.8% | - | - | -31.8% |
| Liquidity | ||||||||||
| Current ratio | 1.50 | 1.66 | 1.68 | 1.98 | 2.19 | 3.07 | 2.80 | 0.55 | 0.65 | 0.92 |
| Quick ratio | 0.31 | 0.36 | 0.42 | 0.43 | 0.49 | 0.64 | 0.59 | 0.39 | 0.34 | 0.57 |
| Cash ratio | 0.01 | 0.00 | 0.03 | 0.03 | 0.01 | 0.07 | 0.11 | 0.00 | 0.03 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.01 | - | 0.01 | 0.01 | -0.03 | 0.03 | 0.02 |
| Debt / Assets | - | - | - | 0.00 | - | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.9x | - | -1.9x | - | - | - | -112.0x | - | - | - |
| Equity multiplier | 9.71 | 6.98 | 6.12 | 5.58 | 4.31 | 3.09 | 3.33 | -2.40 | 3.12 | 2.34 |
| Liabilities / Assets | 0.90 | 0.86 | 0.84 | 0.82 | 0.77 | 0.68 | 0.70 | 1.42 | 0.68 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | 0.05 | 0.08 | - | 0.07 | 0.18 | 0.12 | - | 0.02 | 0.06 |
| Inventory turnover | 0.05 | 0.05 | 0.08 | - | 0.08 | 0.21 | 0.12 | - | 0.14 | 0.56 |
| Days sales outstanding | 531d | 529d | 433d | - | 428d | 111d | 193d | - | 1341d | 558d |
| Days inventory outstanding | 7684d | 7896d | 4726d | - | 4507d | 1711d | 2967d | - | 2539d | 656d |
| Days payable outstanding | 848d | 765d | 411d | - | 315d | 106d | 139d | - | 2445d | 608d |
| Cash conversion cycle | 7367d | 7660d | 4748d | - | 4620d | 1717d | 3021d | - | 1434d | 606d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -47.8% | -77.2% | -53.2% | - | 1556.9% | 939.0% | 428.9% | - | -48.0% | 77.3% |
| Revenue CAGR (3y) | 65.1% | 61.3% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -40.1% | -50.0% | -45.5% | - | - | - | 1348.0% | - | 89.8% | - |
| Operating income growth (YoY) | 76.5% | 76.2% | 81.4% | - | -229.6% | -124.6% | -258.8% | - | -17.1% | -60.9% |
| Net income growth (YoY) | 34.2% | 49.0% | - | - | -106.2% | 28.9% | - | - | 31.0% | -65.0% |
| EPS growth (YoY) | -100.0% | -133.3% | - | - | -15.4% | 60.0% | - | - | 35.0% | -36.4% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | -45.3% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -64.2% | -64.3% | -60.4% | - | 195.5% | 183.9% | 119.9% | - | -69.6% | -66.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$31.15M totalSales Of Transit Buses$24.61M · 79.0%
Service Revenue$2.65M · 8.5%
Sales Of Parts$1.58M · 5.1%
Other$1.34M · 4.3%
Sales Of Evs$806.0K · 2.6%
Lease Of Evs$116.0K · 0.4%
Sales Of Forklifts$45.0K · 0.1%
Peer comparison
Same SIC group: Truck & Bus Bodies
Comparing PHOENIX MOTOR INC. against the 5 most active filers in the same SIC group.