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GreenPower Motor Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary14 Aug, 2025
Executive summary
Revenue for the quarter ended June 30, 2025 was $1.55 million, down 48.3% year-over-year due to only 5 vehicle deliveries compared to 12 in the prior year quarter.
Gross profit increased 63% to $361,682, with gross margin rising to 23.3% from 7.4%, driven by a higher mix of parts sales and improved margins on BEAST Type D buses.
Net loss for the quarter was $4.16 million, a 22.7% improvement from the $5.39 million loss in the prior year quarter.
Adjusted EBITDA loss improved to $3.01 million from $4.21 million year-over-year.
Financial highlights
Revenue: $1.55 million (down 48.3% year-over-year).
Gross profit: $361,682 (up 63% year-over-year); gross margin: 23.3%.
Net loss: $4.16 million (improved from $5.39 million loss year-over-year).
Adjusted EBITDA: $(3.01) million (improved from $(4.21) million year-over-year).
Cash at quarter end: $248,184; working capital: $5.96 million.
Outlook and guidance
Management expects gross profit margins to decrease in future quarters as vehicle sales increase relative to higher-margin parts sales.
Plans include completing production and delivery of EV Stars and BEAST school buses, delivering finished goods inventory, seeking new financing, and cost reductions.
New contract signed with the state of New Mexico for over $5 million in vehicle and infrastructure funding, with deliveries expected to begin in the current quarter.
What is the status of the WV facility lease dispute?
How will the term loan covenant breach be addressed?
Impact of customs delays and tariffs on production?
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Next GreenPower Motor Company earnings date
Q2 202614 Nov, 2025
Next GreenPower Motor Company earnings date
Q2 202614 Nov, 2025
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Frequently asked questions
GreenPower Motor Company Inc. designs, builds, and distributes electric-powered vehicles for commercial markets. Its product line includes transit buses, school buses, shuttles, and cargo vans for zero-emission transport solutions. The company is headquartered in Vancouver, Canada, and its shares are listed on the NASDAQ.
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