AIEV

MKT CAP:$10M

Thunder Power Holdings, Inc.

Market Cap

$10M

Consumer Cyclical·Auto - Manufacturers·🇺🇸 United States·NASDAQ

Consumer Cyc.·Auto·🇺🇸·NASDAQ

Stock Price

$0.20+$0.00 (+0.00%)

Apr 21, 2026

Company Details

Thunder Power Holdings, Inc. develops and manufactures electric vehicles. It offers the Coupe, Compact City Car, Long-Range Sedan, and Long-Range SUV. The company is based in Wilmington, Delaware.

CEO

Christopher Nicoll

IPO Date

Aug 8, 2022

Website

www.aiev.ai

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$3M

EPS (Diluted)

-$0.07

Free Cash Flow

-$1M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2025

May 20, 2025

$0EPS -$0.02

FY 2024

Mar 31, 2025

$0EPS -$0.06

Q4 2024

Mar 31, 2025

$0EPS -$0.00

Q3 2024

Nov 14, 2024

$0EPS -$0.02

Q2 2024

Sep 4, 2024

$0EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	$0	-$551
Q2 22	$0	$0	-$95.8K
Q3 22	$0	$0	-$172.0K
Q1 23	$0	$0	-$161.0K
Q4 23	$0	$0	-$414.0K
Q1 24	$0	$0	-$214.0K
Q2 24	$0	-$517	-$1.3K
Q3 24	$0	$0	-$912
Q4 24	$0	$0	-$28.1K
Q1 25	$0	$0	-$754.7K

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q1 23	—	99.5x
Q4 23	—	89.8x
Q1 24	—	84.7x
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$44.7K	-$44.7K
Q3 22	-$329.2K	-$329.2K
Q1 23	-$400.4K	-$400.4K
Q4 23	-$561.1K	-$561.1K
Q1 24	-$358.9K	-$358.9K
Q2 24	-$182.8K	-$182.8K
Q3 24	-$363.7K	-$363.7K
Q4 24	-$321.9K	-$321.9K
Q1 25	-$622.9K	-$622.9K

Capital Expenditures

Quarter	CapEx
Q2 22	$0
Q3 22	$0
Q1 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$3
Q3 24	$0
Q4 24	$0
Q1 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	—	+75036.1%
Q1 24	—	+123.5%
Q2 24	—	-99.2%
Q3 24	—	-99.4%
Q4 24	—	-93.2%
Q1 25	—	+252.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	—
Q3 22	$0	—
Q1 23	$0	—
Q4 23	$0	—
Q1 24	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	—
Q1 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$551
Q2 22	—	—	$93.4K
Q3 22	—	—	$147.6K
Q1 23	$203	$136.8K	—
Q4 23	$214	$7	—
Q1 24	$213.8K	—	—
Q2 24	$1M	—	—
Q3 24	$905	$6	—
Q4 24	$28.1K	—	—
Q1 25	$754.7K	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$92.1K	$0	$92.1K
Q2 22	$1M	$0	$1M
Q3 22	$700.4K	$0	$700.4K
Q4 22	$546.6K	$0	$546.6K
Q1 23	$378.1K	$0	$378.1K
Q2 23	$410.9K	$0	$410.9K
Q3 23	$110.9K	$0	$110.9K
Q4 23	$18.3K	$0	$18.3K
Q1 24	$35.6K	$0	$35.6K
Q2 24	$921.3K	$0	$921.3K
Q3 24	$33.6K	$0	$33.6K
Q4 24	$52.6K	$0	$52.6K
Q1 25	$19.8K	$1.4K	$21.2K
Q2 25	$97.5K	$1.1K	$98.6K
Q3 25	$16.4K	$993	$17.4K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	13M	—	—
Q2 22	13M	0.0%	—
Q3 22	13M	+0.0%	—
Q1 23	13M	0.0%	—
Q4 23	8M	-37.5%	-37.5%
Q1 24	5M	-43.2%	-64.5%
Q2 24	40M	+773.1%	+210.1%
Q3 24	51M	+27.6%	+295.6%
Q4 24	51M	0.0%	+533.0%
Q1 25	51M	+0.3%	+1017.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q1 23	$0	3
Q4 23	$0	3
Q1 24	$0	3
Q2 24	$0	3
Q3 24	$0	3
Q4 24	$0	2
Q1 25	$0	2

Revenue / Employee