GP

MKT CAP:$3M

GreenPower Motor Company Inc.

Market Cap

$3M

Consumer Cyclical·Auto - Manufacturers·🇨🇦 Canada·NASDAQ

Consumer Cyc.·Auto·🇨🇦·NASDAQ

Stock Price

$1.00+$0.21 (+26.05%)

Apr 22, 2026

Company Details

GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, i...

CEO

Brendan Riley

IPO Date

Aug 28, 2020

Website

www.greenpowermotor.com

Key Metrics TTM

Revenue

$17M

-18.7% YoY

Net Income

-$7M

EPS (Diluted)

$0.92

Free Cash Flow

-$3M

Revenue / Share

$0.57

Gross Margin

46.0%

Operating Margin

-41.7%

Net Margin

-43.7%

FCF Margin

-16.8%

P/S

0.2x

P/E

—

Earnings Reports

Q3 2026

Feb 12, 2026

$8M+17.7%EPS $1.32

Q2 2026

Nov 12, 2025

$2M-54.0%EPS -$0.12

Q1 2026

Aug 18, 2025

$2M-48.3%EPS -$0.14

FY 2025

Jul 30, 2025

$20M-49.5%EPS -$0.68

Q4 2025

Jul 30, 2025

$4M-15.9%EPS -$0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$5M	$1M	-$3M
Q4 22	$4M	$597.0K	-$7M
Q1 23	$4M	$1M	-$4M
Q2 23	$8M	$2M	-$3M
Q3 23	$13M	$2M	-$3M
Q1 24	$18M	$3M	-$3M
Q2 24	$8M	$1M	-$4M
Q3 24	$8M	$1M	-$4M
Q4 24	$5M	-$17.5K	-$7M
Q1 25	$3M	$221.9K	-$5M
Q2 25	$5M	$459.6K	-$4M
Q3 25	$7M	$1M	-$4M
Q4 25	$4M	$461.1K	-$5M
Q1 26	$2M	$361.7K	-$4M
Q2 26	$2M	-$75.5K	-$3M
Q3 26	$8M	$7M	$5M

Valuation

Quarter	P/S	P/E
Q3 22	0.2x	—
Q4 22	0.2x	—
Q1 23	0.2x	—
Q2 23	0.1x	—
Q3 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.1x	—
Q3 24	0.1x	—
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	—
Q4 25	0.1x	—
Q1 26	0.2x	—
Q2 26	0.2x	—
Q3 26	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$12M	-$12M
Q4 22	$2M	$2M
Q1 23	-$5M	-$5M
Q2 23	-$4M	-$4M
Q3 23	-$3M	-$3M
Q1 24	$8M	$8M
Q2 24	-$5M	-$5M
Q3 24	$1M	$1M
Q4 24	-$5M	-$5M
Q1 25	-$3M	-$3M
Q2 25	-$1M	-$1M
Q3 25	-$1M	-$1M
Q4 25	-$387.8K	-$390.8K
Q1 26	-$1M	-$1M
Q2 26	$173.2K	$173.2K
Q3 26	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q3 22	$143.6K
Q4 22	$303.4K
Q1 23	$124.0K
Q2 23	$57.8K
Q3 23	$41.2K
Q1 24	$31.9K
Q2 24	$107.2K
Q3 24	$152.1K
Q4 24	$70.3K
Q1 25	$45.9K
Q2 25	$30.5K
Q3 25	$3.7K
Q4 25	$3.0K
Q1 26	$0
Q2 26	$0
Q3 26	$5

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+87.4%	+121.0%
Q4 22	+79.8%	+159.1%
Q1 23	+29.2%	+56.6%
Q2 23	+67.1%	+42.2%
Q3 23	+141.0%	+94.5%
Q1 24	+307.5%	+85.3%
Q2 24	+119.2%	+56.9%
Q3 24	+5.4%	+15.2%
Q4 24	-60.2%	-22.9%
Q1 25	-83.0%	-60.7%
Q2 25	-36.6%	-23.8%
Q3 25	-11.5%	-8.7%
Q4 25	-15.9%	-20.0%
Q1 26	-48.3%	-35.0%
Q2 26	-54.0%	-43.4%
Q3 26	+17.7%	-68.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$1M	20.9%
Q4 22	$3M	69.2%
Q1 23	$2M	44.4%
Q2 23	$967.3K	12.5%
Q3 23	$0	0.0%
Q1 24	$713.2K	4.1%
Q2 24	$405.5K	4.8%
Q3 24	$259.2K	3.2%
Q4 24	$124.2K	2.4%
Q1 25	$408.0K	13.6%
Q2 25	$289.9K	5.4%
Q3 25	$135.7K	1.9%
Q4 25	$63.9K	1.5%
Q1 26	$184.1K	11.9%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$286.0K	$4M	$133.4K	—
Q4 22	$454.4K	$410.5K	$310.4K	—
Q1 23	$245.1K	$4M	$366.9K	—
Q2 23	$509.6K	$4M	$235.7K	—
Q3 23	$615.8K	$4M	$145.3K	—
Q1 24	$812.9K	$4M	$136.7K	—
Q2 24	$322.2K	$4M	$155.3K	—
Q3 24	$442.4K	$4M	$163.8K	—
Q4 24	$234.0K	$980.9K	$243.1K	—
Q1 25	$227.3K	$4M	$593.6K	—
Q2 25	$401.8K	$4M	$196.7K	—
Q3 25	$380.3K	$4M	$129.7K	—
Q4 25	$329.8K	$797.4K	$187.7K	—
Q1 26	$166.0K	$3M	$60.3K	—
Q2 26	$218.7K	—	—	$3M
Q3 26	$151.4K	$2M	$10.8K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$884.8K	$0	$884.8K
Q1 23	$167.2K	$0	$167.2K
Q2 23	$1M	$0	$1M
Q3 23	$609.7K	$0	$609.7K
Q4 23	$600.8K	$0	$600.8K
Q1 24	$1M	$0	$1M
Q2 24	$2M	$0	$2M
Q3 24	$4M	$0	$4M
Q4 24	$1M	$0	$1M
Q1 25	$528.3K	$0	$528.3K
Q2 25	$116.9K	$0	$116.9K
Q3 25	$621.1K	$0	$621.1K
Q4 25	$344.2K	$0	$344.2K
Q1 26	$248.2K	$0	$248.2K
Q2 26	$510.6K	$0	$510.6K
Q3 26	$676.0K	$0	$676.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	22M	+2.3%	+32.4%
Q4 22	22M	-1.5%	+12.6%
Q1 23	23M	+5.8%	+9.9%
Q2 23	23M	0.0%	+6.6%
Q3 23	23M	+1.1%	+5.4%
Q1 24	25M	+6.4%	+13.8%
Q2 24	25M	+0.2%	+7.8%
Q3 24	25M	+0.0%	+7.8%
Q4 24	25M	+0.1%	+6.8%
Q1 25	26M	+3.4%	+3.8%
Q2 25	26M	+2.5%	+6.2%
Q3 25	29M	+7.6%	+14.2%
Q4 25	28M	-1.6%	+12.2%
Q1 26	30M	+5.7%	+14.7%
Q2 26	30M	0.0%	+11.9%
Q3 26	30M	0.0%	+4.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$96.6K	55
Q4 22	$62.5K	69
Q1 23	$55.8K	69
Q2 23	$112.1K	69
Q3 23	$185.6K	69
Q1 24	$157.0K	112
Q2 24	$75.4K	112
Q3 24	$72.8K	112
Q4 24	$43.9K	116
Q1 25	$25.8K	116
Q2 25	$46.1K	116
Q3 25	$62.2K	116
Q4 25	$36.9K	116
Q1 26	$13.4K	116
Q2 26	$21.2K	116
Q3 26	$73.2K	116

Revenue / Employee