Envirotech Vehicles Reports Q2 2025 Results

TL;DR

EVT Q2 2025: $406k revenue, $40k net loss, no debt. Assets $3.2M, Liabilities $2M.

AI Summary

Envirotech Vehicles, Inc. reported its Q2 2025 results, with total assets reaching $3,220,058 and total liabilities at $1,987,262 as of June 30, 2025. The company had no long-term debt and a net loss of $40,633 for the three months ended June 30, 2025. Revenue for the quarter was $406,690.

Why It Matters

This filing provides a snapshot of Envirotech Vehicles' financial health and operational performance for the second quarter of 2025, impacting investor confidence and potential future funding.

Risk Assessment

Risk Level: medium — The company reported a net loss and has relatively low revenue, indicating potential financial instability.

Key Numbers

• $406,690 — Revenue (For the three months ended June 30, 2025)
• $40,633 — Net Loss (For the three months ended June 30, 2025)
• $3,220,058 — Total Assets (As of June 30, 2025)
• $1,987,262 — Total Liabilities (As of June 30, 2025)
• 0 — Long-term Debt (As of June 30, 2025)

Key Players & Entities

• Envirotech Vehicles, Inc. (company) — Filer of the 10-Q
• June 30, 2025 (date) — End of reporting period
• $3,220,058 (dollar_amount) — Total assets as of June 30, 2025
• $1,987,262 (dollar_amount) — Total liabilities as of June 30, 2025
• $406,690 (dollar_amount) — Revenue for the three months ended June 30, 2025
• $40,633 (dollar_amount) — Net loss for the three months ended June 30, 2025

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share EVTV Nasdaq Stock Market
• $1,289,532 — supplies segment accounted for 100 % or $1,289,532 of the net revenue for the six months e

Filing Documents

• adom20250630_10q.htm (10-Q) — 1051KB
• ex_830176.htm (EX-31.1) — 12KB
• ex_830177.htm (EX-31.2) — 12KB
• ex_830178.htm (EX-32.1) — 5KB
• ex_830179.htm (EX-32.2) — 5KB
• 0001437749-25-027166.txt ( ) — 6227KB
• evtv-20250630.xsd (EX-101.SCH) — 59KB
• evtv-20250630_cal.xml (EX-101.CAL) — 36KB
• evtv-20250630_def.xml (EX-101.DEF) — 423KB
• evtv-20250630_lab.xml (EX-101.LAB) — 356KB
• evtv-20250630_pre.xml (EX-101.PRE) — 450KB
• adom20250630_10q_htm.xml (XML) — 935KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements: 2 Unaudited Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 2 Unaudited Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 3 Unaudited Consolidated Statement of Stockholders' Equity for the Three and Six Months Ended June 30, 2025 and 2024 4 Unaudited Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 5 Notes to Unaudited Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16

Quantitative and Qualitative Disclosure about Market Risk

Item 3. Quantitative and Qualitative Disclosure about Market Risk 21

Controls and Procedures

Item 4. Controls and Procedures 21

OTHER INFORMATION

Part II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 22

Risk Factors

Item 1A. Risk Factors 22

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 22

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 22

Other Information

Item 5. Other Information 22

Exhibits

Item 6. Exhibits 23

Signatures

Signatures 24 i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Quarterly Report") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or our future financial performance or condition and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "contemplate," "plan," "project," "forecast," "potential," "possible," "proposed," "should," "develop," "opportunity," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "aim," "goal," "will" and "would" or the negatives of these terms or other comparable terminology intended to identify statements about the future. You should not place undue reliance on forward-looking statements. The cautionary statements set forth in this Quarterly Report, including in "Risk Factors" and elsewhere, identify important factors, which you should consider in evaluating our forward-looking statements. These factors could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement and include, among other things: our ability to generate demand for our zero-emission commercial fleet vehicles in order to generate revenue; our dependence upon external sources for the financing of our operations; our ability to effectively execute our business plan; our ability to successfully integrate and realize the benefits of strategic acquisitions; our ability and our suppliers' ability to scale our zero-emission products assembling processes effectively and quickly from low volu

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ENVIROTECH VEHICLES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (unaudited) June 30, December 31, 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 942,241 $ 1,941,181 Accounts receivable, net of allowance of $ 406,690 and $ 15,306 respectively 440,292 1,016,666 Receivable from related party, net of allowance of $ 40,633 and $ 6,700 respectively 2,155,247 993,300 Inventory, net 4,855,679 6,416,377 Inventory deposits 7,465,129 6,036,809 Prepaid expenses 361,217 1,130,027 Other current assets 91,481 101,794 Total current assets 16,311,286 17,636,154 Property and equipment, net 1,969,713 592,171 Right-of-use asset 608,206 108,508 Goodwill — 10,103,048 Intangible assets, net 3,523,301 3,968,301 Other non-current assets 331,576 263,120 Total assets $ 22,744,082 $ 32,671,302 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,164,871 $ 1,470,102 Deferred revenue 6,525,081 4,240,666 Accrued liabilities 2,036,395 2,069,061 Operating lease liability - short-term 339,693 235,625 Options liability, at fair value — 132,412 Debt - current 5,365,276 3,596,805 Total current liabilities 16,431,316 11,744,671 Long-term liabilities Operating lease liability - long-term 404,313 — Debt - long-term 1,042 4,168 Total liabilities 16,836,671 11,748,839 Stockholders' equity: Preferred stock, 5,000,000 authorized, $ 0.00001 par value per share, none issued and outstanding as of June 30, 2025, and December 31, 2024 — — Common stock, 350,000,000 authorized, $ 0.00001 par value per share, 3,220,058 and 1,987,262 issued and outstanding as of June 30, 2025, and December 31, 2024, respectively 32 20 Additional paid-in capital 98,551,971 94,383,917 Accumulated deficit ( 92,644,592 ) ( 73,461,474 ) Total stockholders' equity 5,907,411 20,922,463 Total liabilities and stockholders' equity $ 22,744,082 $ 32,671,302 S

View Full Filing

View this 10-Q filing on SEC EDGAR