NEOV earnings analysis
What we found in NEOV's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
NeoVolta reported Q3 FY2026 revenue of $2 million, slightly above the prior year's $2.01 million but significantly lower than the previous quarter's $5 million. The diluted EPS improved to -$0.08 from an estimated -$0.12, but the company recorded a net loss of $3.03 million, up from $1.45 million in the same quarter last year. This performance reflects ongoing challenges in the solar sector amid expenses rising due to aggressive expansion efforts.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Improvement Year-over-Year
- Q3 FY2026 revenues increased to $2 million from $2.01 million in Q3 FY2025.
- EPS Misses Estimates
- Q3 FY2026 EPS came in at -$0.08, better than the estimated -$0.12 but lower than the prior quarter's EPS of -$0.16.
- Significant Nine-Month Revenue Growth
- Nine-month revenue surged 262% to $13.3 million compared to $3.68 million last year.
- First C&I Purchase Order
- The company secured its first commercial purchase order in the C&I sector valued at $1.9 million.
- Increased Cash Reserves
- As of March 31, 2026, cash balance stood at approximately $11.5 million, facilitating operational needs.
- Joint Venture Formation
- In January 2026, NeoVolta entered a joint venture for a utility-scale battery manufacturing facility, indicating forward growth potential.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Operating Expenses
- General and administrative expenses rose to $3.02 million from $1.86 million year-over-year, driven by expansion.
- Net Loss Increases
- Net loss for Q3 FY2026 was $3.03 million, up from $1.45 million in Q3 FY2025, signaling worsening financial strain.
- Impact of Solar Tax Credit Expiration
- This quarter experienced static revenue largely due to the expiration of the federal solar tax credit.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.08
- Gross margin
- 46%
What they said about what is next.
No specific numeric guidance was provided in the 10-Q filing.
The filing reads worse than the one before it.
What came before.
- 10-Q · February 13, 2026
- Revenue surged to $4,645,517 for the three months ended December 31, 2025 (up from $1,071,581 a year earlier), but profitability deteriorated materially: gross margin fell to 16.6% and the company reported a net loss of…
- 10-Q · November 10, 2025
- NeoVolta reported a strong top-line quarter with revenue of $6,650,258 (vs. $590,236 in the prior-year quarter), driving gross profit of $1,577,252 and a gross margin of ~23.7% (up from 15.7% YoY). Operating loss…
- 10-K · September 29, 2025
- NeoVolta positions itself as a safety‑focused ESS manufacturer targeting residential retrofit and growing into commercial & industrial markets. The filing documents a rapid quarter‑by‑quarter revenue ramp (from low…
- 10-Q · February 7, 2025
- NeoVolta reported quarterly revenue of $1,071,581 (up $53,753 or ~5.3% vs. $1,017,828 in Q2 FY2024) and a gross profit of $323,911 (gross margin ~30.2%, +~10 ppt vs. prior-year quarter). Despite revenue and margin…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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