EVTV

MKT CAP:$6M

Envirotech Vehicles, Inc.

Market Cap

$6M

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

Consumer Cyc.·Auto·🇺🇸·NASDAQ

Stock Price

$1.65+$1.24 (+307.41%)

Apr 23, 2026

Company Details

Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private tr...

CEO

Phillip W. Oldridge

IPO Date

Jun 15, 2017

Website

www.evtvusa.com

Key Metrics TTM

Revenue

$6M

+196.4% YoY

Net Income

-$39M

EPS (Diluted)

-$7.01

Free Cash Flow

-$6M

Revenue / Share

$0.37

Gross Margin

-222.2%

Operating Margin

-595.7%

Net Margin

-658.8%

FCF Margin

-97.1%

P/S

1.0x

P/E

—

Earnings Reports

FY 2025

Apr 13, 2026

NEW

$6M+217.6%EPS -$11.54

Q4 2025

Apr 13, 2026

NEW

$2M+908.5%EPS -$2.34

Q3 2025

Nov 19, 2025

$2M+1253.3%EPS -$1.79

Q2 2025

Aug 18, 2025

$1M+28.8%EPS -$2.01

Q1 2025

May 20, 2025

$590.6K-27.1%EPS -$0.87

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$674.7K	$324.2K	-$5M
Q1 22	$1M	$416.9K	-$3M
Q3 22	$1M	$351.4K	-$1M
Q4 22	-$3M	-$4M	-$40M
Q1 23	$523.2K	$118.4K	-$2M
Q2 23	$2M	$879.0K	-$1M
Q3 23	$100.0K	$19.7K	-$6M
Q4 23	$106.8K	-$46.6K	-$1M
Q1 24	$810.5K	$308.2K	-$3M
Q2 24	$812.8K	$203.8K	-$1M
Q3 24	$133.9K	-$133.9K	-$2M
Q4 24	$246.8K	$110.7K	-$2M
Q1 25	$590.6K	$119.4K	-$14M
Q2 25	$1M	-$1M	-$5M
Q3 25	$2M	$80.8K	-$3M
Q4 25	$2M	-$12M	-$14M

Valuation

Quarter	P/S	P/E
Q4 21	333.2x	—
Q1 22	375.9x	—
Q3 22	193.7x	—
Q4 22	1860.1x	—
Q1 23	5126.5x	—
Q2 23	280.7x	—
Q3 23	1293.1x	—
Q4 23	62.8x	—
Q1 24	143.4x	—
Q2 24	168.3x	—
Q3 24	156.5x	—
Q4 24	99.5x	—
Q1 25	23.0x	—
Q2 25	14.4x	—
Q3 25	1.3x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$3M	-$3M
Q1 22	-$4M	-$4M
Q3 22	-$2M	-$2M
Q4 22	$839.7K	$761.3K
Q1 23	-$2M	-$2M
Q2 23	-$824.7K	-$841.5K
Q3 23	-$966.2K	-$966.2K
Q4 23	-$205.5K	-$205.0K
Q1 24	-$735.6K	-$735.6K
Q2 24	-$965.0K	-$1M
Q3 24	-$1M	-$1M
Q4 24	-$655.8K	-$857.1K
Q1 25	-$4M	-$4M
Q2 25	-$1M	-$1M
Q3 25	-$910.4K	-$910.4K
Q4 25	$708.3K	$708.3K

Capital Expenditures

Quarter	CapEx
Q3 21	$155.1K
Q1 22	$12.5K
Q3 22	$37.7K
Q4 22	$78.4K
Q1 23	$19.5K
Q2 23	$16.9K
Q3 23	$0
Q4 23	$521
Q1 24	$0
Q2 24	$135.3K
Q3 24	$93.7K
Q4 24	$201.3K
Q1 25	$176.8K
Q2 25	$0
Q3 25	$0
Q4 25	$5

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+27.5%	+773.7%
Q1 22	+135.5%	+300.1%
Q3 22	+446.7%	+120.7%
Q4 22	-463.0%	+1943.8%
Q1 23	-22.5%	-52.5%
Q2 23	+92.4%	-6.6%
Q3 23	-90.3%	+155.4%
Q4 23	+104.1%	-95.8%
Q1 24	+54.9%	+33.8%
Q2 24	-61.9%	-37.1%
Q3 24	+33.9%	-71.4%
Q4 24	+131.2%	+45.2%
Q1 25	-27.1%	+280.2%
Q2 25	+28.8%	+173.6%
Q3 25	+1253.3%	+163.0%
Q4 25	+908.5%	+626.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$121.1K	17.1%
Q1 22	$2M	145.7%
Q3 22	$0	0.0%
Q4 22	$1.6T	—
Q1 23	$87.1K	16.7%
Q2 23	$105.2K	4.9%
Q3 23	$1M	1104.8%
Q4 23	$25.2K	23.6%
Q1 24	$2M	224.4%
Q2 24	$35.0K	4.3%
Q3 24	$18.0K	13.4%
Q4 24	$18.0K	7.3%
Q1 25	$546.6K	92.6%
Q2 25	$40.5K	3.9%
Q3 25	$27.3K	1.5%
Q4 25	$25.5K	1.0%

OpEx Breakdown

Quarter	R&D	G&A
Q4 21	$58.1K	$6M
Q1 22	—	$3M
Q3 22	$25.0K	$2M
Q4 22	$37.5K	$2M
Q1 23	$70.9K	$2M
Q2 23	$57.9K	$2M
Q3 23	$46.7K	$3M
Q4 23	$60.6K	$1M
Q1 24	$70.3K	$3M
Q2 24	$61.6K	$1M
Q3 24	$20.5K	$1M
Q4 24	$40.5K	$2M
Q1 25	$98.4K	$4M
Q2 25	$590.1K	$3M
Q3 25	$43.3K	$3M
Q4 25	—	$2M

Revenue Segments

Quarter	Vehicle Sales
Q1 25	$566.8K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4M	$5M	$9M
Q2 22	$4M	$2M	$6M
Q3 22	$3M	$2M	$5M
Q4 22	$3M	$2M	$5M
Q1 23	$2M	$1M	$3M
Q2 23	$833.3K	$1M	$2M
Q3 23	$879.0K	$0	$879.0K
Q4 23	$456.7K	$0	$456.7K
Q1 24	$1M	$0	$1M
Q2 24	$437.1K	$0	$437.1K
Q3 24	$682.7K	$0	$682.7K
Q4 24	$2M	$0	$2M
Q1 25	$211.3K	$0	$211.3K
Q2 25	$942.2K	$0	$942.2K
Q3 25	$77.6K	$0	$77.6K
Q4 25	$359.0K	$0	$359.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	15M	+1.3%	+257.3%
Q1 22	15M	+0.1%	+557.9%
Q3 22	15M	+0.6%	+7.8%
Q4 22	15M	+0.1%	+2.1%
Q1 23	15M	0.0%	+0.8%
Q2 23	15M	0.0%	+0.6%
Q3 23	15M	+0.3%	+0.4%
Q4 23	15M	+0.7%	+1.0%
Q1 24	15M	+1.3%	+2.4%
Q2 24	16M	+1.7%	+4.1%
Q3 24	16M	+3.7%	+7.6%
Q4 24	16M	0.0%	+6.8%
Q1 25	16M	0.0%	+5.4%
Q2 25	3M	-84.2%	-83.6%
Q3 25	4M	+39.2%	-78.1%
Q4 25	16M	+355.6%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$56.2K	12
Q1 22	$92.4K	12
Q3 22	$85.8K	12
Q4 22	-$198.0K	13
Q1 23	$40.2K	13
Q2 23	$164.1K	13
Q3 23	$7.7K	13
Q4 23	$7.6K	14
Q1 24	$57.9K	14
Q2 24	$58.1K	14
Q3 24	$9.6K	14
Q4 24	$11.2K	22
Q1 25	$26.8K	22
Q2 25	$47.6K	22
Q3 25	$82.4K	22
Q4 25	$8.5K	293

Revenue / Employee