Revenue growth remains highly erratic with a 2026Q1 operating margin of -167.7%, reflecting a persistent inability to scale operations profitably.
Azio AI, Inc. (EVTV) annual income statement — 12-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'13 |
|---|
| Sales/Revenue | 6.55M | 5.94M | 1.87M | 2.86M | 4.5M | 2.04M | 88.73K | 12.56M | 5.01M | 425K | 68K | 0 | 27.76K |
| Revenue Growth % | 224.53% | 217.58% | -34.68% | -36.45% | 120.51% | 2202.19% | -99.29% | 150.67% | 1079.06% | 525% | - | -100% | - |
| Cost of Goods Sold | 18.6M | 14.06M | 1.38M | 1.86M | 2.77M | 1.28M | 73.56K | 11.68M | 4.88M | 390.23K | 50K | 7.1K | 22.4K |
| COGS % of Revenue | - | 236.7% | 73.86% | 64.87% | 61.55% | 62.73% | 82.9% | 92.95% | 97.35% | 91.82% | 73.53% | - | 80.68% |
| Gross Profit | -11.98M | -8.12M | 488.8K | 1.01M | 1.73M | 761.38K | 15.18K | 885.42K | 133K | 34.77K | 18K | -7.1K | 5.36K |
| Gross Margin % | -182.86% | -136.7% | 26.14% | 35.13% | 38.45% | 37.27% | 17.1% | 7.05% | 2.65% | 8.18% | 26.47% | - | 19.32% |
| Gross Profit Growth % | - | -1760.89% | -51.39% | -41.94% | 127.48% | 4917.3% | -98.29% | 565.73% | 282.49% | 93.18% | 353.45% | -232.43% | - |
| Operating Expenses | 14.38M | 17.16M | 8.41M | 13.72M | 8.49M | 8.49M | 426.13K | 6.1M | 11.12M | 21.63M | 9.55M | 5.31M | 1.66M |
| OpEx % of Revenue | - | 288.92% | 449.67% | 479.25% | 188.39% | 415.37% | 480.23% | 48.55% | 221.97% | 5090.06% | 14047.06% | - | 5970.14% |
| Selling, General & Admin | 14.25M | 11.28M | 8.22M | 8.39M | 8.34M | 8.43M | 426.13K | 5.99M | 10.82M | 20.96M | 9.4M | 4.63M | 1.14M |
| SG&A % of Revenue | - | 189.96% | 439.36% | 292.9% | 185.06% | 412.52% | 480.23% | 47.68% | 215.96% | 4931.06% | 13820.59% | - | 4092.24% |
| Research & Development | 65.29K | 731.81K | 192.88K | 236.18K | 149.91K | 58.14K | 75K | 109K | 300.94K | 587K | 154K | 684K | 521.36K |
| R&D % of Revenue | - | 12.32% | 10.31% | 8.25% | 3.33% | 2.85% | 84.52% | 0.87% | 6.01% | 138.12% | 226.47% | - | 1877.91% |
| Other Operating Expenses | 65.26K | 5.15M | 0 | 5.1M | -1.76K | 0 | 0 | 0 | 0 | 88.77K | 0 | 0 | 0 |
| Operating Income | -26.36M | -25.28M | -7.92M | -12.71M | -43.85M | -7.72M | -410.96K | -5.21M | -10.99M | -21.6M | -9.53M | -5.32M | -1.65M |
| Operating Margin % | -402.4% | -425.62% | -423.53% | -444.13% | -973.39% | -378.1% | -463.13% | -41.5% | -219.32% | -5081.88% | -14020.59% | - | -5950.83% |
| Operating Income Growth % | - | -219.14% | 37.71% | 71% | -467.68% | -1779.51% | 92.12% | 52.57% | 49.12% | -126.54% | -79.31% | -221.83% | - |
| EBITDA | -25.89M | -24.32M | -7.73M | -12.59M | -43.75M | -7.65M | -393.29K | -5.16M | -10.95M | -21.58M | -9.52M | -5.31M | -1.65M |
| EBITDA Margin % | -395.29% | -409.44% | -413.35% | -439.63% | -971.23% | -374.64% | -443.22% | -41.11% | -218.45% | -5077.51% | -14001.76% | - | -5933.2% |
| EBITDA Growth % | -20.44% | -214.58% | 38.58% | 71.23% | -471.65% | -1845.98% | 92.38% | 52.82% | 49.27% | -126.65% | -79.31% | -222.35% | - |
| D&A (Non-Cash Add-back) | 465.32K | 960.54K | 190.55K | 128.8K | 97.24K | 70.73K | 17.67K | 48.58K | 43.35K | 18.6K | 12.8K | 7.1K | 4.89K |
| EBIT | -24.22M | -25.28M | -7.92M | -7.62M | -6.75M | -7.04M | -403.96K | -5.15M | -11.05M | -21.58M | -9.54M | -5.33M | -1.65M |
| Net Interest Income | 22.21K | 33.32K | 7.67K | 34.84K | 45.03K | 4.41K | -2.86K | 0 | 0 | 0 | 0 | 0 | -1K |
| Interest Income | 22.26K | 33.32K | 7.67K | 34.84K | 45.03K | 4.41K | 0 | 42K | 0 | 0 | 0 | 0 | 49 |
| Interest Expense | 50 | 0 | 0 | 0 | 0 | 0 | 2.86K | 42K | 189K | -322K | 1.15M | 702K | 1.05K |
| Other Income/Expense | -4.21M | -13.85M | -928.62K | 30.68K | 43.26K | 292.6K | 4.14K | 60K | -58.06K | -302K | -1.15M | -718K | -1K |
| Pretax Income | -30.57M | -39.13M | -8.85M | -12.68M | -43.8M | -7.43M | -406.82K | -5.15M | -11.05M | -21.9M | -10.69M | -6.04M | -1.65M |
| Pretax Margin % | -466.69% | -658.81% | -473.19% | -443.05% | -972.43% | -363.78% | -458.47% | -41.02% | -220.48% | -5152.94% | -15713.24% | - | -5954.44% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 220.7K | -127.3K | 0 | 0 | 3K | -4 | -2 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -2.97% | 31.29% | 0% | 0% | -0.01% | 0% | 0% | 0% |
| Net Income | -30.57M | -39.13M | -8.85M | -12.68M | -43.8M | -7.65M | -279.52K | -5.15M | -11.05M | -21.9M | -10.69M | -6.04M | -1.65M |
| Net Margin % | -466.69% | -658.81% | -473.19% | -443.05% | -972.43% | -374.58% | -315.01% | -41.02% | -220.48% | -5153.65% | -15713.24% | - | -5954.44% |
| Net Income Growth % | -34.4% | -342.16% | 30.23% | 71.04% | -472.45% | -2637.58% | 94.58% | 53.36% | 49.56% | -104.99% | -77.05% | -265.06% | - |
| Net Income (Continuing) | -30.57M | -39.13M | -8.85M | -12.68M | -43.8M | -7.65M | -279.52K | -5.15M | -11.05M | -21.9M | -10.69M | -6.04M | -1.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.13 | -11.54 | -0.55 | -0.84 | -2.92 | -0.67 | -0.07 | -1.41 | -3.06 | -6.60 | -3.14 | -1.77 | -0.49 |
| EPS Growth % | -148.97% | -1998.18% | 34.52% | 71.23% | -335.82% | -841.01% | 94.96% | 53.83% | 53.62% | -110.23% | -77.05% | -265.01% | - |
| EPS (Basic) | - | -11.54 | -0.55 | -0.84 | -2.92 | -0.67 | -0.07 | -1.41 | -3.06 | -6.60 | -3.14 | -1.77 | -0.49 |
| Diluted Shares Outstanding | 14.34M | 16.21M | 16.21M | 15.06M | 14.99M | 11.45M | 3.93M | 3.65M | 3.61M | 3.33M | 3.4M | 3.4M | 3.4M |
| Basic Shares Outstanding | 14.34M | 16.21M | 16.21M | 15.06M | 14.99M | 11.45M | 3.93M | 3.65M | 3.61M | 3.33M | 3.4M | 3.4M | 3.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying EVTV stock.
For fiscal year 2025, Azio AI, Inc. (EVTV) reported total revenue of $5.9M. This represents a 21291.8% increase compared to $0.0M in 2013.
Azio AI, Inc. (EVTV) reported a net loss of $39.1M for the fiscal year ending 2025.
Azio AI, Inc. (EVTV) reported an operating income of $-25.3M, resulting in an operating profit margin of -425.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Azio AI, Inc. (EVTV) generated $-8.1M in gross profit for the year, representing a gross profit margin of -136.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Imminent liquidity and solvency risk
Metrics are mathematically derived from official filings.
Volatile Revenue Growth Lacks Consistency
As indicated by the quarterly income statement data, EVTV's revenue growth remains highly erratic, fluctuating between significant double-digit gains and sharp contractions, which suggests that the company's top-line performance is currently driven by lumpy, non-recurring fleet deliveries rather than a sustainable, repeatable commercial sales pipeline.
The 217.58% year-over-year revenue growth figure masks the underlying instability of the company's order fulfillment process. Investors should monitor whether the company can transition from project-based, one-off sales to a predictable delivery cadence, as the current volatility implies a lack of structural demand depth.
Negative Gross Margins Signal Inefficiency
According to the reported financial statements, the company's gross margin profile has deteriorated significantly, with recent periods showing deep negative margins that suggest the cost of procuring and assembling vehicle components currently exceeds the realized sales price of the finished commercial units.
The inability to maintain positive gross margins indicates that the company's assembly-based model is failing to achieve the necessary economies of scale. This structural weakness suggests that every additional unit sold may currently be value-destructive, necessitating a fundamental reassessment of the company's pricing power and supply chain cost management.
SG&A Expenses Outpace Revenue Scaling
Based on the provided income statement data, SG&A expenses consistently dwarf gross profit, reflecting a high fixed-cost burden that continues to weigh heavily on the company's bottom line despite management's attempts to pivot toward a more localized, capital-light assembly strategy in Arkansas.
The persistent gap between operating expenses and revenue generation highlights a lack of operating leverage, as the company has not yet demonstrated the ability to scale its top line without a commensurate or greater increase in overhead. This cost structure appears unsustainable given the current liquidity constraints.
Liquidity Crisis Threatens Operational Continuity
As reported in recent financial filings, the company's cash position of approximately $358,966 against a trailing twelve-month net loss exceeding $39 million suggests that the firm is facing an acute liquidity crisis that may jeopardize its status as a going concern in the near term.
The extreme disparity between cash reserves and operating burn rates warrants significant caution, as it implies an urgent requirement for external financing. Investors should consider the high probability of substantial shareholder dilution or potential operational cessation if the company fails to secure immediate, non-dilutive capital injections.