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EVTV

Envirotech Vehicles, Inc.

EVTV

Envirotech Vehicles, Inc. • NASDAQ
$1.23 ▲ 3.36% (+0.04)
Market Cap $4.34 M
52w High $15.40
52w Low $0.98
Dividend Yield 0%
P/E -0.12
Volume 6.30K
Outstanding Shares 3.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.812M ▲ $2.843M ▼ $-6.358M ▼ -350.769% ▲ $-1.79 ▲ $-6.063M ▼
Q2-2025 $1.047M ▲ $3.342M ▼ $-5.147M ▲ -491.556% ▲ $-2.01 ▼ $-4.868M ▼
Q1-2025 $590.567K ▲ $13.851M ▲ $-14.036M ▼ -2.377K% ▼ $-0.64 ▼ $-3.348M ▼
Q4-2024 $246.8K ▲ $2.145M ▲ $-2.327M ▼ -942.68% ▼ $-0.14 ▼ $-1.956M ▲
Q3-2024 $133.931K $1.471M $-1.235M -922.106% $-0.076 $-2.14M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $77.595K ▼ $18.196M ▼ $16.333M ▼ $1.862M ▼
Q2-2025 $942.241K ▲ $22.744M ▼ $16.837M ▲ $5.907M ▼
Q1-2025 $211.284K ▼ $24.845M ▼ $15.674M ▲ $9.171M ▼
Q4-2024 $1.941M ▲ $32.671M ▲ $11.749M ▲ $20.922M ▲
Q3-2024 $682.654K $22.833M $3.88M $18.953M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-6.358M ▼ $-910.435K ▲ $0 $45.789K ▼ $-864.646K ▼ $-910.435K ▲
Q2-2025 $-5.147M ▲ $-1.168M ▲ $0 ▲ $1.899M ▼ $730.957K ▲ $-1.168M ▲
Q1-2025 $-14.036M ▼ $-4.217M ▼ $-176.828K ▲ $2.664M ▼ $-1.73M ▼ $-4.394M ▼
Q4-2024 $-2.327M ▼ $-655.797K ▲ $-4.477M ▼ $6.392M ▲ $1.259M ▲ $-857.101K ▲
Q3-2024 $-1.235M $-1.148M $-93.741K $1.488M $245.59K $-1.242M

Five-Year Company Overview

Income Statement

Income Statement Envirotech has effectively been a pre‑revenue company for several years, with little to no sales showing up in its reported results so far. The business is still loss‑making, though the losses in recent years appear relatively small in absolute terms and were worse in the earlier part of the period. This suggests a very early‑stage, “building mode” profile rather than a mature operating company. Multiple reverse stock splits also make per‑share figures look more dramatic and can signal past pressure on the share price rather than a sudden change in the underlying business.

Balance Sheet

Balance Sheet The balance sheet is tiny, with a very small asset base and only a thin layer of shareholders’ equity. On the positive side, the company carries no reported financial debt, so it is not burdened by interest payments. On the negative side, reported cash is essentially negligible, which implies a very limited financial cushion and a high sensitivity to any delays or setbacks. Overall, this looks like a fragile capital structure that likely depends on access to outside funding to support the growth plan.

Cash Flow

Cash Flow Cash flows from operations have been slightly negative or near break‑even, consistent with a company that has not yet scaled revenue but is keeping spending on a tight leash. There is effectively no reported investment in physical assets, which keeps cash burn down but also indicates that major growth will require future spending on production, technology, or acquisitions. With no meaningful internal cash generation yet, the business appears reliant on equity raises, partnerships, or other external sources to fund its strategy.

Competitive Edge

Competitive Edge Envirotech is a very small player operating in markets dominated by much larger vehicle makers and increasingly well‑funded EV and drone specialists. Its edge is in highly targeted niches: purpose‑built commercial EVs and a heavy‑lift, American‑made drone designed for agriculture, wildfire support, and potential defense uses. The relationship with Maddox and positioning around U.S. government and postal‑service type contracts could be a valuable door‑opener if contracts materialize. However, the company’s limited scale, lack of established recurring revenue, and the crowded nature of both EV and drone markets mean its competitive position is promising on paper but still unproven in practice.

Innovation and R&D

Innovation and R&D Strategically, the company is betting on innovation and diversification: moving from just commercial EVs into electric drones and marine jet‑drive systems. The heavy‑lift drone, with its large payload and U.S. manufacturing focus, is the flagship innovation and has early signs of interest through initial deposits and government discussions. Envirotech is also experimenting with service‑based models, such as bundled drone spraying and monitoring, which could create more stable, higher‑margin revenue if adopted. Still, most of this innovation is at an early commercialization stage, so the key unknowns are execution quality, the pace of adoption, integration of planned acquisitions, and the ability to maintain technical and cost advantages over better‑funded rivals.

Summary

Envirotech today looks more like an early‑stage, high‑concept mobility platform than a mature vehicle manufacturer: minimal recorded revenue, small but persistent losses, and a very thin financial cushion. The strategic story is ambitious—combining commercial EVs with heavy‑lift drones and marine systems, and leaning into U.S. manufacturing and government relationships. If the company can convert its drone and marine initiatives into sizable contracts and recurring service income, its profile could change meaningfully over the next few years. The main risks are financial fragility, dependence on external funding, intense competition, and the execution challenge of turning promising prototypes and letters of intent into a stable, scalable business.

NEWS

November 13, 2025 · 7:47 AM UTC

Envirotech Moves From Paper To Production As Global Drone Program Advances Through FAA and ENAC Certification

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November 10, 2025 · 10:20 AM UTC

Envirotech Secures 80-Drone Deposits, Rapidly Expanding Drone Business

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November 6, 2025 · 8:40 AM UTC

EVTV Takes Flight in Europe: U.S. Heavy-Lift Drones to Disrupt Traditional Vineyard Operations Across Italy

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September 16, 2025 · 9:20 AM UTC

Envirotech Vehicles, Inc. And Its Wholly Owned Subsidiary Maddox Industries Manufacture 5 Million Isolation Gowns For The U.S. Government As Part of 35 Million Gown Contract - Driving American-Made Infrastructure

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September 15, 2025 · 6:30 AM UTC

Envirotech Vehicles, Inc. Unveils America's First 1,500 Pound Lift Drone With Agricultural Spray And Fire Protection Capabilities

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