Revenue: As of FY2026 Q3, the actual value is USD 2.024 M.

EPS: As of FY2026 Q3, the actual value is USD -0.08.

EBIT: As of FY2026 Q3, the actual value is USD -2.631 M.

NeoVolta, Inc. operates in a single reportable segment focused on the development and commercialization of energy storage products .

Revenue

• For the three months ended March 31, 2026, revenue was $2,023,718, compared to $2,014,105 for the same period in 2025 .
• For the nine months ended March 31, 2026, revenue was $13,319,493, significantly up from $3,675,922 for the same period in 2025 .

Cost of Goods Sold

• Cost of Goods Sold for the three months ended March 31, 2026, was $1,095,895, down from $1,499,597 for the three months ended March 31, 2025 .
• For the nine months ended March 31, 2026, Cost of Goods Sold was $10,041,896, compared to $2,744,656 for the nine months ended March 31, 2025 .

Gross Profit and Margin

• Gross profit for the three months ended March 31, 2026, was $927,823, with a gross profit margin of approximately 46%, an increase from $514,508 and approximately 26% for the same period in 2025 .
• For the nine months ended March 31, 2026, gross profit was $3,277,597, with a gross profit margin of approximately 25%, compared to $931,266 and approximately 25% for the same period in 2025 .

Operating Expenses

• General and Administrative:
  • Three months ended March 31, 2026: $3,021,127, up from $1,857,531 in 2025 .
  • Nine months ended March 31, 2026: $10,474,212, up from $4,136,167 in 2025 .
• Research and Development:
  • Three months ended March 31, 2026: $403,887, significantly up from $27,947 in 2025 .
  • Nine months ended March 31, 2026: $519,594, up from $78,888 in 2025 .
• Depreciation and Amortization:
  • Three months ended March 31, 2026: $128,458, compared to $0 in 2025 .
  • Nine months ended March 31, 2026: $240,290, compared to $0 in 2025 .
• Total Operating Expenses:
  • Three months ended March 31, 2026: $3,553,472, up from $1,885,478 in 2025 .
  • Nine months ended March 31, 2026: $11,234,096, up from $4,215,055 in 2025 .

Loss from Operations

• Loss from operations for the three months ended March 31, 2026, was - $2,625,649, compared to - $1,370,970 for the same period in 2025 .
• For the nine months ended March 31, 2026, loss from operations was - $7,956,499, compared to - $3,283,789 for the same period in 2025 .

Net Loss

• Net loss for the three months ended March 31, 2026, was - $3,028,402, compared to - $1,449,331 for the same period in 2025 .
• For the nine months ended March 31, 2026, net loss was - $9,810,523, compared to - $3,384,962 for the same period in 2025 .

Cash Flow

• Net cash used in operating activities for the nine months ended March 31, 2026, was - $8,156,853, compared to - $3,501,515 for the nine months ended March 31, 2025 .
• Net cash used in investing activities for the nine months ended March 31, 2026, was - $2,785,375, compared to $0 for the nine months ended March 31, 2025 .
• Net cash provided by financing activities for the nine months ended March 31, 2026, was $21,628,221, compared to $3,051,054 for the nine months ended March 31, 2025 .
• Cash and cash equivalents at the end of the period were $11,480,829 as of March 31, 2026, up from $535,966 as of March 31, 2025 .

Unique Metrics and Strategic Summary

• Customer Concentration: For the three months ended March 31, 2026, two customers accounted for approximately 71% and 29% of revenues . For the nine months ended March 31, 2026, three customers represented approximately 39%, 15%, and 11% of revenues .
• Liquidity: As of March 31, 2026, NeoVolta, Inc. had a consolidated cash balance of approximately $11.5 million and consolidated net working capital of approximately $19.5 million . The company anticipates having sufficient cash to operate for at least the next 12 months, supported by recent equity financings and existing financial resources .
• Joint Venture (NeoVolta Power, LLC): In January 2026, NeoVolta, Inc. formed a joint venture, NeoVolta Power, LLC, with an 80% ownership interest, to own and operate a utility-scale battery manufacturing facility in Georgia . An initial capital contribution of $7,000,000 was made in January 2026, with an additional $8,000,000 expected in June 2026, and further contributions up to $25,000,000 through June 30, 2027 . This facility is projected to expand the company’s energy storage product line and generate substantial revenues and operating cash flows .
• Asset Acquisition (Neubau Energy Inc.): In October 2025, NeoVolta, Inc. acquired substantially all of Neubau Energy Inc.’s assets for approximately $1.5 million in cash and common stock . This acquisition enables the company to produce and sell Neubau’s proprietary battery storage module, with sales expected to commence in calendar year 2026 .
• Product Development and Sales Expansion: The company is accelerating product development and expanding sales channels beyond its traditional local installer market focus in Southern California . It also monitors international developments and tariff impacts on its supply chain, having stockpiled inventory in anticipation of tariff increases .