GreenPower Motor Company (GPV) Q2 2026 earnings summary

Executive summary

• Reported a net loss of $3.6M for the quarter and $7.8M for the six months ended September 30, 2025, both improved from prior year periods.

• Revenue for the quarter was $2.9M, down from $5.3M year-over-year; six-month revenue was $4.5M, down from $8.3M.

• Operations focused on manufacturing and distributing all-electric medium and heavy-duty vehicles, with over 90% of property and equipment located in the US.

Financial highlights

• Gross profit for the quarter was $0.27M, compared to $0.46M in the prior year; six-month gross profit was $0.68M, down from $0.68M.

• Operating loss for the quarter was $2.9M, improved from $4.1M year-over-year; six-month operating loss was $6.5M, improved from $9.0M.

• Cash balance at September 30, 2025 was $0.51M, up from $0.34M at March 31, 2025.

• Working capital of $6.4M at quarter-end.

• Inventory decreased to $23.8M from $25.6M at March 31, 2025.

Outlook and guidance

• Material uncertainty exists regarding the ability to continue as a going concern due to ongoing losses and reliance on external financing.

• Management plans to address uncertainty by selling inventory, collecting receivables, utilizing credit facilities, and seeking new financing.