GreenPower Motor Company (GPV) Q3 2026 earnings summary

Executive summary

• Revenue reached $8.5 million for the third quarter ended December 31, 2025, up from $7.2 million year-over-year.

• Net income was $4.2 million for the quarter.

• Transitioned to a production model based on customer orders, requiring recapitalization and manufacturing retooling.

• Significant progress in deploying all-electric school buses in New Mexico under a state-sponsored pilot project.

Financial highlights

• Gross profit margin on vehicle sales was approximately 28%.

• Sales, general, and administrative costs dropped to $2.4 million from $5.2 million year-over-year; excluding non-cash items, these costs were under $2 million.

• Working capital exceeded $5 million, with increased cash since the fiscal year's start.

Outlook and guidance

• Forward-looking statements highlight risks and uncertainties due to reliance on projections and estimates.