NeoVolta Inc (NEOV) reported a negative QQ1 2026 quarter with meaningful cash burn and a continued loss trajectory, though gross profit was reported at $1,577,252. The company disclosed no revenue figure for the quarter in the provided data, making top-line assessment incomplete. Operating earnings were negative at $854,328 and net income fell to a negative $1,243,322, with an after-tax result not disclosed. The quarterly cash flow from operations was deeply negative at $(2,494,069), while financing activities provided a net inflow of $2,589,052, leaving the quarter-end cash balance at $889,819. These dynamics underscore a stretched liquidity position and a reliance on external funding to sustain ongoing scale-up expenses, including G&A of $2,374,668 and R&D of $56,912.
The balance sheet shows total assets of $8,446,968 and total liabilities of $6,313,803, with negative retained earnings of $(27,020,456) and total stockholders’ equity of $2,133,165. Short-term debt is sizable at $4,231,850, while cash and equivalents stand at $889,819, resulting in a net debt position of $(3,975,569). The company ended the period with a current ratio around 1.47, implying modest liquidity headroom but relatively tight funding versus operating needs. The lack of disclosed revenue and forward guidance limits our ability to gauge near-term profitability, but the earnings metrics indicate that profitability remains elusive in QQ1 2026.
Looking ahead, the primary catalysts for NeoVolta will be revenue growth realization, gross margin expansion, and access to capital to fund continued product development and sales acceleration. The company’s NV14/NV24 energy storage platforms position it within a fast-growing market for residential and commercial energy storage, but execution risk is elevated given the current cash burn and leverage on short-term financing. Investors should monitor quarterly revenue trends, working capital trajectory, and any management commentary on go-to-market strategy, cost discipline, and potential partnerships that could improve scale and margins.