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GreenPower Motor Company Inc.

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GreenPower Motor Company Inc. • NASDAQ
$1.02 ▲ 3.03% (+0.03)
Market Cap $31.07 M
52w High $10.90
52w Low $0.85
Dividend Yield 0%
P/E -0.18
Volume 26.48K
Outstanding Shares 30.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $2.462M ▲ $2.82M ▼ $-3.554M ▲ -144.322% ▲ $-0.12 ▲ $-2.602M ▲
Q1-2026 $1.549M ▼ $3.947M ▼ $-4.164M ▼ -268.728% ▼ $-0.14 $-3.18M ▲
Q4-2025 $4.284M ▼ $5.914M ▲ $-3.834M ▲ -89.491% ▼ $-0.14 ▲ $-4.505M ▼
Q3-2025 $7.219M ▲ $5.235M ▲ $-4.739M ▼ -65.647% ▲ $-0.17 ▲ $-3.777M ▼
Q2-2025 $5.347M $4.585M $-4.702M -87.931% $-0.18 $-3.701M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $510.595K ▲ $31.979M ▼ $40.305M ▲ $-8.326M ▼
Q1-2026 $248.184K ▼ $33.334M ▼ $38.512M ▲ $-5.177M ▼
Q4-2025 $344.244K ▼ $35.072M ▼ $36.678M ▲ $-1.606M ▼
Q3-2025 $621.086K ▲ $37.367M ▼ $35.229M ▲ $2.138M ▼
Q2-2025 $116.908K $39.374M $35.221M $4.154M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-3.554M ▲ $173.173K ▲ $14.933K ▲ $76.576K ▼ $261.859K ▲ $173.174K ▲
Q1-2026 $-4.164M ▼ $-1.407M ▼ $0 ▲ $1.278M ▲ $-96.06K ▲ $-1.407M ▼
Q4-2025 $-3.834M ▲ $-387.809K ▲ $-3.039K ▲ $134.044K ▼ $-276.842K ▼ $-390.848K ▲
Q3-2025 $-4.739M ▼ $-1.059M ▲ $-3.748K ▲ $1.436M ▲ $504.178K ▲ $-1.063M ▲
Q2-2025 $-4.702M $-1.33M $-30.493K $892.402K $-411.373K $-1.36M

Five-Year Company Overview

Income Statement

Income Statement Revenue remains very small and has not grown meaningfully over the last several years, suggesting the business is still in an early, sub‑scale stage. Gross profit is only slightly positive, and operating results have been consistently negative, with losses quite steady year after year. Earnings per share have been in the red the whole period, reflecting ongoing spending on people, product, and infrastructure without enough volume yet to cover those costs. Overall, the income statement shows a company still investing and building, not one that has reached profitability or scale.

Balance Sheet

Balance Sheet The balance sheet is light, with a relatively small base of assets and only modest financial resources. Cash that was present a few years ago has largely been drawn down, while debt has crept up from almost nothing to a more noticeable level for a company of this size. Shareholders’ equity has shrunk toward break‑even, which means accumulated losses have eaten into the company’s capital cushion. Repeated reverse stock splits also point to pressure on the share price and a need to maintain listing standards. Altogether, the balance sheet reflects a thin margin for error and a reliance on continued access to funding.

Cash Flow

Cash Flow Cash generation from the core business has hovered around breakeven to modestly negative, with free cash flow also slightly negative most years. The company is not burning cash at a dramatic rate, but it is not self‑funding either, and appears to depend on external capital or working‑capital swings to keep going. Capital spending has been low, which helps conserve cash but may also indicate constrained investment capacity. The pattern fits an early‑stage manufacturer still trying to reach volumes where operations consistently pay for themselves.

Competitive Edge

Competitive Edge GreenPower focuses narrowly on commercial electric vehicles—buses, shuttles, and specialty trucks—rather than the broader passenger car market. This specialization, along with purpose‑built electric platforms instead of conversions, gives it a clear point of differentiation. Its product range covers transit buses, multiple school bus types, and the flexible EV Star platform, which helps serve many use cases and spreads customer risk. Independent testing results and government‑focused offerings are positives when selling to transit agencies and school districts. On the other hand, the company is small compared with global truck and bus makers, faces intense competition from better‑funded rivals, and remains sensitive to government incentives, large contract wins, and execution on manufacturing scale‑up.

Innovation and R&D

Innovation and R&D Innovation is a core strength. GreenPower designs vehicles from the ground up as electric, works with partners on autonomous driving, and is experimenting with technologies like wireless charging and vehicle‑to‑grid capability. Its lineup includes distinctive offerings such as both large and small purpose‑built electric school buses, a multi‑use EV Star platform, and newer niche products like refrigerated and utility trucks. These efforts help the company stand out in a crowded EV field. The flip side is that maintaining this innovation pace is costly, especially for a firm that has not yet achieved profitability, and there is always uncertainty about how quickly customers and regulators will adopt newer features like autonomy or grid services.

Summary

GreenPower is an early‑stage, niche commercial EV manufacturer with a clear technological and product vision but still‑immature financials. The income statement shows persistent losses on a very small revenue base, and the balance sheet has become thinner over time as cash declined, debt rose, and equity eroded. Cash flow is modestly negative, indicating ongoing reliance on outside capital rather than self‑sustaining operations. Competitively, the company benefits from purpose‑built designs, a broad lineup in its chosen niches, and credible third‑party validation, but it must compete with much larger players and navigate policy and funding cycles. Its strong emphasis on innovation and partnerships could create long‑term advantages if it scales successfully, yet the financial profile highlights execution risk and the importance of reaching higher production and sales volumes to support its strategy.

NEWS

November 24, 2025 · 8:30 AM UTC

New Jersey ZIP Reopens with $37.5 Million in New Funding

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November 20, 2025 · 8:30 AM UTC

GreenPower Improves Balance Sheet by $6.8 Million

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November 14, 2025 · 9:32 AM UTC

GreenPower Accelerates Production of All-Electric School Buses; Secures Financing Facility of Up to $18 Million to Convert Record Backlog

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November 14, 2025 · 9:19 AM UTC

GreenPower Announces Preferred Share Financing for up to $18 Million

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November 5, 2025 · 3:45 PM UTC

GreenPower Announces Voluntary Delisting from the TSXV

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