VCLN · Volcon, 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.7K | - | $198.3K | $702.9K | $736.0K | - | $1.08M | $940.9K | $1.03M | - |
| Cost of Revenue | $162.6K | - | $291.6K | $851.5K | $781.4K | - | $10.29M | $3.11M | $1.62M | - |
| Gross Profit | $63.1K | - | ($93.3K) | ($148.5K) | ($45.3K) | - | ($9.22M) | ($2.17M) | ($588.0K) | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.57M | - | $19.40M | $2.88M | $1.56M | - | $1.92M | $2.01M | $2.08M | - |
| Total Operating Expenses | $83.37M | - | $34.39M | $3.72M | $2.46M | - | $2.92M | $3.36M | $3.66M | - |
| D&A | $40.8K | - | - | - | $40.8K | - | $72.3K | $99.5K | $97.7K | - |
| Operating Income | ($83.31M) | - | ($34.48M) | ($3.87M) | ($2.51M) | - | ($12.13M) | ($5.53M) | ($4.24M) | - |
| Interest Expense | $2.06M | - | $361.5K | $74.5K | $330.0K | - | $1.14M | $1.60M | $330.0K | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($85.40M) | - | ($34.56M) | ($3.90M) | ($2.46M) | - | ($13.64M) | ($606.4K) | ($26.05M) | - |
| EPS - Basic | ($2.59) | - | ($0.96) | ($7.57) | ($0.91) | - | ($23.93) | ($1.51) | ($3.27) | - |
| EPS - Diluted | ($2.59) | - | ($0.96) | ($7.57) | ($0.91) | - | ($23.93) | ($1.51) | ($3.27) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.70M | $8.96M | $18.82M | $2.19M | $17.67M | $2.30M | $5.91M | $2.16M | $3.68M | $8.19M |
| Accounts Receivable | $63.3K | $312.1K | $1.58M | $199.8K | $104.4K | $88.2K | $347.0K | $301.8K | $285.0K | $203.3K |
| Inventory | $396.6K | $330.6K | $497.7K | $492.6K | - | $1.46M | $1.53M | $9.59M | $8.94M | $8.97M |
| Accounts Payable | $3.82M | $745.5K | $962.2K | $191.4K | $221.4K | $385.3K | $255.6K | $962.4K | $324.7K | $831.2K |
| Current Assets | $12.84M | $14.26M | $25.20M | $16.55M | $20.45M | $5.07M | $8.68M | $14.02M | $15.07M | $19.53M |
| Total Assets | $217.82M | $372.44M | $492.26M | $17.94M | $21.73M | $6.23M | $10.01M | $15.79M | $17.38M | $22.13M |
| Current Liabilities | $6.31M | $52.78M | $54.11M | $3.63M | $4.02M | $4.64M | $4.19M | $6.62M | $12.89M | $40.91M |
| Long-term Debt | $44.95M | $49.95M | $37.2K | $40.0K | $42.7K | $0 | $48.1K | $50.9K | $53.6K | $107.0K |
| Total Liabilities | $51.74M | $103.22M | $54.62M | $4.12M | $4.99M | $6.19M | $4.95M | $7.89M | $13.59M | $41.76M |
| Stockholders' Equity | $166.08M | $269.21M | $437.64M | $13.82M | $16.74M | $40.8K | $5.06M | $7.90M | $3.79M | ($19.63M) |
| Retained Earnings | ($401.77M) | ($316.37M) | ($207.23M) | ($172.68M) | ($168.78M) | ($166.32M) | ($161.10M) | ($147.46M) | ($146.85M) | ($120.81M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.50M) | - | - | - | ($3.57M) | - | - | - | ($4.54M) | - |
| Investing Cash Flow | $74.67M | - | - | - | ($201.8K) | - | - | - | ($66.2K) | - |
| Financing Cash Flow | ($74.43M) | - | - | - | $19.15M | - | - | - | $90.2K | - |
| CapEx | $23.7K | - | - | - | $201.8K | - | - | - | $131.7K | - |
| Free Cash Flow | ($3.52M) | - | - | - | ($3.77M) | - | - | - | ($4.67M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 27.9% | - | -47.1% | -21.1% | -6.2% | - | -856.9% | -230.9% | -56.9% | - |
| Operating margin | -36912.1% | - | -17388.6% | -550.8% | -340.5% | - | -1127.9% | -587.7% | -410.7% | - |
| EBITDA margin | -36894.0% | - | - | - | -335.0% | - | -1121.2% | -577.1% | -401.2% | - |
| Net margin | -37839.1% | - | -17425.7% | -554.8% | -334.3% | - | -1267.7% | -64.5% | -2520.3% | - |
| Free cash flow margin | -1560.6% | - | - | - | -512.7% | - | - | - | -452.1% | - |
| FCF / Net income | 0.04 | - | - | - | 1.53 | - | - | - | 0.18 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2025.6% | - | 9783.5% | 409.6% | 212.2% | - | 178.2% | 213.4% | 201.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -39.2% | - | -7.0% | -21.7% | -11.3% | - | -136.3% | -3.8% | -149.9% | - |
| Return on equity | -51.4% | - | -7.9% | -28.2% | -14.7% | - | -269.6% | -7.7% | -687.8% | - |
| Return on invested capital | -31.2% | - | -6.2% | -22.1% | -11.8% | - | -187.7% | -55.0% | -87.3% | - |
| Liquidity | ||||||||||
| Current ratio | 2.03 | 0.27 | 0.47 | 4.56 | 5.09 | 1.09 | 2.07 | 2.12 | 1.17 | 0.48 |
| Quick ratio | 1.97 | 0.26 | 0.46 | 4.42 | 5.09 | 0.78 | 1.71 | 0.67 | 0.47 | 0.26 |
| Cash ratio | 0.90 | 0.17 | 0.35 | 0.60 | 4.39 | 0.50 | 1.41 | 0.33 | 0.29 | 0.20 |
| Leverage | ||||||||||
| Debt / Equity | 0.27 | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | -0.01 |
| Debt / Assets | 0.21 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -40.5x | - | -95.4x | -52.0x | -7.6x | - | -10.7x | -3.4x | -12.9x | - |
| Equity multiplier | 1.31 | 1.38 | 1.12 | 1.30 | 1.30 | 152.76 | 1.98 | 2.00 | 4.59 | -1.13 |
| Liabilities / Assets | 0.24 | 0.28 | 0.11 | 0.23 | 0.23 | 0.99 | 0.49 | 0.50 | 0.78 | 1.89 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.04 | 0.03 | - | 0.11 | 0.06 | 0.06 | - |
| Inventory turnover | 0.41 | - | 0.59 | 1.73 | - | - | 6.73 | 0.32 | 0.18 | - |
| Days sales outstanding | 102d | - | 2908d | 104d | 52d | - | 118d | 117d | 101d | - |
| Days inventory outstanding | 890d | - | 623d | 211d | - | - | 54d | 1124d | 2013d | - |
| Days payable outstanding | 8584d | - | 1204d | 82d | 103d | - | 9d | 113d | 73d | - |
| Cash conversion cycle | -7592d | - | 2326d | 233d | - | - | 163d | 1128d | 2041d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 5.6x | - | 2.0x | 0.7x | 0.0x | - | 2.2x | 0.0x | - | - |
| P / S | 4116.5x | - | 4341.4x | 14.2x | 0.2x | - | 10.5x | 0.0x | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -69.3% | - | -81.6% | -25.3% | -28.8% | - | 120.7% | 81.2% | -11.7% | - |
| Revenue CAGR (3y) | -42.2% | - | -6.5% | - | -14.7% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | 99.0% | 93.2% | 92.3% | - | -201.8% | - | -887.9% | - |
| Operating income growth (YoY) | -3223.8% | - | -184.2% | 30.0% | 40.9% | - | -28.4% | -12.1% | 23.2% | - |
| Net income growth (YoY) | -3371.1% | - | -153.4% | -543.1% | 90.6% | - | -20.4% | 97.4% | -256.8% | - |
| EPS growth (YoY) | -184.6% | - | 96.0% | -401.3% | 72.2% | - | -1200.5% | -77.6% | -990.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 6.7% | - | - | - | 19.2% | - | - | - | 31.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 892.2% | 660370.1% | 8552.1% | 75.0% | 342.0% | - | - | - | - | - |
Peer comparison
Same SIC group: Motor Vehicles & Passenger Car Bodies
Comparing Volcon against the 5 most active filers in the same SIC group.
Dividends
$0.52/share trailing 12 months · +163.3% YoY
| Ex-date | Per share |
|---|---|
| Dec 22, 2025 | $0.3260 |
| Jun 20, 2025 | $0.1900 |
| Dec 20, 2024 | $0.0910 |
| Jun 20, 2024 | $0.1050 |
| Dec 20, 2023 | $0.0830 |
| Jun 20, 2023 | $0.1240 |
| Dec 20, 2022 | $0.0310 |
| Jun 21, 2022 | $0.1130 |