GreenPower Motor Company (GPV) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 marked a transformative period with shifts in federal EV incentives and policies, prompting operational streamlining and facility consolidation.

• Consolidated California operations into a single Riverside facility, reducing costs and increasing efficiency.

• Manufacturing continued in West Virginia and California, delivering both Type A and Type D all-electric school buses nationwide.

• Introduced two new Class 4 all-electric commercial vehicles: the EV Star Utility Truck and the EV Star REEFER, expanding product offerings.

Financial highlights

• Generated revenues of $19.8 million for the year ended March 31, 2025.

• Delivered 84 vehicles: 34 BEAST Type D, 2 Nano BEAST Type A, 23 EV Star Cargo/Cargo Plus, and 25 EV Star Passenger Vans.

• Year-end working capital stood at $8.1 million.

• Inventory at year-end totaled $25.6 million, including $10.1 million finished goods.

• Deferred revenue at year-end was $10.1 million.

Outlook and guidance

• Positioned for managed growth with consolidated operations and expanded product lineup.

• Forward-looking statements highlight risks from changing policies and market conditions.