---
title: "Envirotech Vehicles 2025 10-K: Revenue $5.94M, EPS $(11.54)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282592189.md"
description: "Envirotech Vehicles reported $5.94 million in revenue for 2025, a 218% increase from 2024, primarily due to its medical supplies segment. However, the company faced a net loss of $39.13 million, or $(11.54) per share, impacted by significant inventory write-downs and impairments. The company is shifting focus from EV sales to medical supplies and drone R&D, completing strategic acquisitions and opening a new facility in Houston. Market dynamics, including government contracts and policy changes, are influencing its operational strategy."
datetime: "2026-04-13T21:15:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282592189.md)
  - [en](https://longbridge.com/en/news/282592189.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282592189.md)
---

# Envirotech Vehicles 2025 10-K: Revenue $5.94M, EPS $(11.54)

Envirotech Vehicles reported $5.94 million in sales for the year, driven by growth in its medical supplies segment, and posted a net loss of $39.13 million, or $(11.54) per share, as disclosed in its Form 10-K. Results reflect significant inventory-related write-downs and impairments that drove gross profit and operating losses into negative territory. The company is shifting operational focus toward medical supplies and drone R&D while completing strategic facility and acquisition moves.

**Financial Highlights**

-   **Revenue:** $5.94 million (sales up from $1.87 million in 2024)
-   **Gross Profit:** $(13.20) million (negative gross profit due to a $6.0M inventory write-down and $7.0M inventory deposit write-offs)
-   **Loss from Operations:** $(38.68) million (includes $10.10M goodwill and $3.30M intangible impairments)
-   **Net Loss:** $(39.13) million (widened from $(8.85) million in 2024)
-   **Net Loss per Share:** $(11.54) (basic and diluted weighted shares: 3,391,670)

**Business Highlights**

-   **Revenue Mix & Growth:** Reported sales rose approximately 218% year-over-year to $5.9M in 2025, driven primarily by the medical supplies segment while EV unit sales declined.
-   **Strategic Channel Shift:** The company is pivoting away from direct EV sales toward medical supplies distribution and drone research & development in response to EV market headwinds and changing policy dynamics.
-   **Operational Milestones:** Completed the Maddox acquisition to expand U.S. manufacturing and logistics capabilities and opened a new Houston headquarters and manufacturing facility in 2025.
-   **Market Drivers:** Government contracts, subsidies, OBBBA policy changes and tariffs are identified as material factors influencing EV demand and broader market outlook.
-   **Inventory & Quality Actions:** Significant inventory write-downs and deposit write-offs in 2025 prompted adjustments to supply-chain practices and inventory valuation processes.

Original SEC Filing: Envirotech Vehicles, Inc. \[ EVTV \] - 10-K - Apr. 13, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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