GreenPower Motor Company Inc. (GP) 10-Year Financial Performance & Capital Metrics

GP • • Industrial / General

Consumer CyclicalAuto ManufacturersCommercial & Specialty VehiclesSchool & Transit Buses

AboutGreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis. It sells and leases its vehicles to customers directly and through distributors. The company is based in Vancouver, Canada.Show more

Revenue $20M -49.5%
EBITDA -$16M -8.8%
Net Income -$19M -1.7%
EPS (Diluted) -0.68 +8.1%
Gross Margin 11.07% -18.9%
EBITDA Margin -81.91% -115.3%
Operating Margin -90.29% -111.0%
Net Margin -94.04% -101.3%
ROE -374.74% -300.9%
ROIC -59.48% -63.9%
Debt/Equity -
Interest Coverage -8.23 +23.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 5 (bottom 5%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 10.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y111.58%

5Y6.63%

3Y4.81%

TTM-28.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM32.14%

ROCE

10Y Avg-69.59%

5Y Avg-51.03%

3Y Avg-60.55%

Latest-91.16%

Peer Comparison

School & Transit Buses

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BLBDBlue Bird Corporation	1.56B	49.34	12.72	9.87%	8.63%	50%	11.26%	0.38
GPGreenPower Motor Company Inc.	3.57M	1.16	-1.71	-49.46%	-105%	-374.74%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	10.7K	0	3.52M	6.08M	14.4M	13.29M	17.24M	39.7M	39.27M	19.85M
Revenue Growth %	-0.03%	-1%	-	0.73%	1.37%	-0.08%	0.3%	1.3%	-0.01%	-0.49%
Cost of Goods Sold+	102.93K	174.71K	2.27M	4.22M	10.34M	9.71M	13.36M	32.45M	33.91M	17.65M
COGS % of Revenue	9.62%	-	0.64%	0.69%	0.72%	0.73%	0.78%	0.82%	0.86%	0.89%
Gross Profit+	-92.23K	-174.71K	1.25M	1.86M	4.05M	3.58M	3.88M	7.25M	5.36M	2.2M
Gross Margin %	-8.62%	-	0.36%	0.31%	0.28%	0.27%	0.22%	0.18%	0.14%	0.11%
Gross Profit Growth %	-9.35%	-0.89%	8.15%	0.49%	1.18%	-0.12%	0.08%	0.87%	-0.26%	-0.59%
Operating Expenses+	1.73M	2.71M	4.06M	4.98M	8.97M	11.37M	18.06M	20.54M	22.16M	20.12M
OpEx % of Revenue	161.88%	-	1.15%	0.82%	0.62%	0.86%	1.05%	0.52%	0.56%	1.01%
Selling, General & Admin	1.37M	2.22M	3.28M	4.02M	5.68M	7.87M	16.01M	17.13M	17.04M	17.13M
SG&A % of Revenue	128.3%	-	0.93%	0.66%	0.39%	0.59%	0.93%	0.43%	0.43%	0.86%
Research & Development	257.66K	312.28K	251.83K	437.21K	973.15K	939.95K	1.38M	2.09M	1.81M	1.34M
R&D % of Revenue	24.09%	-	0.07%	0.07%	0.07%	0.07%	0.08%	0.05%	0.05%	0.07%
Other Operating Expenses	0	0	525.23K	516.21K	2.32M	2.56M	670.9K	1.31M	3.31M	1.65M
Operating Income+	-1.72M	-2.71M	-3.36M	-4.47M	-4.92M	-7.79M	-14.19M	-13.29M	-16.8M	-17.92M
Operating Margin %	-160.88%	-	-0.95%	-0.73%	-0.34%	-0.59%	-0.82%	-0.33%	-0.43%	-0.9%
Operating Income Growth %	0.22%	-0.58%	-0.24%	-0.33%	-0.1%	-0.58%	-0.82%	0.06%	-0.26%	-0.07%
EBITDA+	-1.62M	-2.54M	-2.83M	-3.96M	-4.34M	-7.35M	-13.52M	-12.07M	-14.94M	-16.26M
EBITDA Margin %	-151.26%	-	-0.81%	-0.65%	-0.3%	-0.55%	-0.78%	-0.3%	-0.38%	-0.82%
EBITDA Growth %	0.25%	-0.57%	-0.12%	-0.4%	-0.1%	-0.69%	-0.84%	0.11%	-0.24%	-0.09%
D&A (Non-Cash Add-back)	102.93K	174.71K	522.88K	506.92K	578.55K	437.26K	661.96K	1.22M	1.86M	1.66M
EBIT	-1.71M	-2.71M	-2.82M	-3.14M	-3.01M	-6.24M	-14.49M	-13.49M	-16.79M	-16.49M
Net Interest Income+	-24.91K	0	-563.41K	-1.4M	-2.13M	-1.6M	-515.67K	-1.55M	-1.55M	-2.18M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	24.91K	95.63K	563.41K	1.4M	2.13M	1.6M	515.67K	1.55M	1.55M	2.18M
Other Income/Expense	-19.09K	-57.93K	-28.82K	-78.23K	-223.92K	-45.68K	-824.07K	-1.76M	-1.54M	-743.93K
Pretax Income+	-1.74M	-2.81M	-3.38M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Pretax Margin %	-162.67%	-	-0.96%	-0.75%	-0.36%	-0.59%	-0.87%	-0.38%	-0.47%	-0.94%
Income Tax+	0	95.63K	-610K	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	0.82%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Net Margin %	-162.67%	-	-0.79%	-0.75%	-0.36%	-0.59%	-0.87%	-0.38%	-0.47%	-0.94%
Net Income Growth %	0.37%	-0.62%	0.01%	-0.64%	-0.13%	-0.52%	-0.92%	-0%	-0.22%	-0.02%
Net Income (Continuing)	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.15	-0.23	-0.21	-0.34	-0.48	-0.52	-0.72	-0.65	-0.74	-0.68
EPS Growth %	0.52%	-0.53%	0.09%	-0.62%	-0.41%	-0.08%	-0.38%	0.1%	-0.14%	0.08%
EPS (Basic)	-0.15	-0.23	-0.21	-0.34	-0.48	-0.52	-0.72	-0.65	-0.74	-0.68
Diluted Shares Outstanding	11.31M	12.44M	13.18M	13.36M	15.22M	18.12M	21.88M	23.52M	24.95M	27.58M
Basic Shares Outstanding	11.31M	12.44M	13.18M	13.36M	15.22M	18.12M	21.88M	23.52M	24.95M	27.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	3.33M	1.32M	4.58M	6.93M	8.12M	32.94M	43.1M	54.19M	36.85M	27.78M
Cash & Short-Term Investments	1.05M	56.99K	1.01M	198.92K	299.7K	15.1M	884.78K	600.8K	1.15M	344.24K
Cash Only	1.05M	56.99K	1.01M	198.92K	299.7K	15.1M	884.78K	600.8K	1.15M	344.24K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	261.9K	1.51M	1.06M	4.76M	3.45M	11.63M	2.94M	587.27K
Days Sales Outstanding	-	-	27.19	90.91	26.87	130.66	73.06	106.9	27.36	10.8
Inventory	2.24M	1.21M	3.25M	5.16M	6.59M	12.46M	32.25M	41.64M	32.01M	25.6M
Days Inventory Outstanding	7.95K	2.53K	522.46	445.66	232.55	468.64	881.21	468.4	344.51	529.42
Other Current Assets	0	0	0	151.89K	151.89K	203.5K	6M	328.8K	0	0
Total Non-Current Assets+	620.04K	3.2M	2.91M	4.98M	5.08M	6.68M	6.51M	9.38M	8.35M	7.3M
Property, Plant & Equipment	620.04K	3.15M	2.33M	2.39M	2.36M	2.5M	3.56M	7.46M	6.89M	6.79M
Fixed Asset Turnover	0.02x	-	1.51x	2.54x	6.10x	5.31x	4.84x	5.32x	5.70x	2.92x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	578.15K	897.35K	1.63M	0	0	1.92M	0	0
Other Non-Current Assets	0	47.04K	-3	1.69M	1.09M	4.18M	2.95M	1	1.46M	506.52K
Total Assets+	3.95M	4.52M	7.49M	11.91M	13.21M	39.62M	49.61M	63.57M	45.2M	35.07M
Asset Turnover	0.00x	-	0.47x	0.51x	1.09x	0.34x	0.35x	0.62x	0.87x	0.57x
Asset Growth %	0.66%	0.14%	0.66%	0.59%	0.11%	2%	0.25%	0.28%	-0.29%	-0.22%
Total Current Liabilities+	1.43M	1.32M	2.4M	7.09M	7.38M	2.13M	11.51M	26.52M	21.29M	19.67M
Accounts Payable	249.45K	580.85K	394.14K	692.46K	950.04K	1.2M	0	7.32M	0	0
Days Payables Outstanding	884.61	1.21K	63.44	59.83	33.52	45.06	-	82.36	-	-
Short-Term Debt	425.35K	227K	1.37M	5.25M	5.54M	346.17K	5.77M	10.58M	9.73M	10.91M
Deferred Revenue (Current)	224.18K	224.18K	582.2K	823.9K	426.16K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	326K	115.46K	57.76K	947.38K	193.64K	322.04K	2.05M	555.7K	3.86M	4.85M
Current Ratio	2.33x	1.00x	1.91x	0.98x	1.10x	15.45x	3.74x	2.04x	1.73x	1.41x
Quick Ratio	0.76x	0.08x	0.56x	0.25x	0.21x	9.60x	0.94x	0.47x	0.23x	0.11x
Cash Conversion Cycle	-	-	486.21	476.74	225.89	554.24	-	492.93	-	-
Total Non-Current Liabilities+	472.93K	1.02M	2.92M	4.91M	7M	1.33M	3.71M	9.37M	12.34M	17.01M
Long-Term Debt	472.93K	1.02M	2.8M	4.13M	6.04M	365.28K	0	0	2.43M	2.85M
Capital Lease Obligations	0	0	0	523.46K	386.65K	120.61K	0	4.57M	4.01M	5.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	123.06K	251.87K	573.2K	848.46K	772.3K	2.86M	3.03M	1.77M
Total Liabilities	1.9M	2.34M	5.32M	12M	14.38M	3.47M	15.22M	35.89M	33.64M	36.68M
Total Debt+	472.93K	1.08M	4.17M	10.1M	12.24M	1.1M	5.89M	15.15M	16.8M	19.93M
Net Debt	-573.68K	1.02M	3.16M	9.91M	11.94M	-14M	5M	14.55M	15.65M	19.58M
Debt / Equity	0.23x	0.49x	1.92x	-	-	0.03x	0.17x	0.55x	1.45x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-69.09x	-28.35x	-5.96x	-3.19x	-2.31x	-4.87x	-27.51x	-8.57x	-10.81x	-8.23x
Total Equity+	2.05M	2.18M	2.17M	-85.64K	-1.17M	36.15M	34.39M	27.68M	11.57M	-1.61M
Equity Growth %	0.24%	0.06%	-0%	-1.04%	-12.72%	31.77%	-0.05%	-0.19%	-0.58%	-1.14%
Book Value per Share	0.18	0.18	0.16	-0.01	-0.08	2.00	1.57	1.18	0.46	-0.06
Total Shareholders' Equity	2.05M	2.18M	2.17M	-85.64K	-1.17M	36.15M	34.39M	27.68M	11.57M	-1.61M
Common Stock	9.16M	12.14M	12.69M	12.98M	16.89M	61.19M	70.83M	75.58M	76.39M	80.54M
Retained Earnings	-8.49M	-11.31M	-14.08M	-18.71M	-23.85M	-31.63M	-46.36M	-60.83M	-79.02M	-97.42M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	1.31M	1.27M	3.17M	5.25M	5.41M	6.59M	9.91M	12.93M	14.19M	15.28M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-2.21M	-3.11M	-3.89M	-5.91M	-5.11M	-16.39M	-20.34M	-14.76M	-1.13M	-5.99M
Operating CF Margin %	-206.38%	-	-1.11%	-0.97%	-0.36%	-1.23%	-1.18%	-0.37%	-0.03%	-0.3%
Operating CF Growth %	-0.46%	-0.41%	-0.25%	-0.52%	0.14%	-2.21%	-0.24%	0.27%	0.92%	-4.29%
Net Income	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Depreciation & Amortization	101.48K	177.5K	525.23K	516.21K	578.55K	1.07M	661.96K	1.22M	1.85M	1.66M
Stock-Based Compensation	317.48K	391.77K	744.8K	332.74K	308.11K	2.1M	5.77M	3.65M	1.5M	897.47K
Deferred Taxes	0	6.55K	-610K	25.79K	-168.84K	0	0	376.88K	0	0
Other Non-Cash Items	24.91K	95.63K	280.68K	717.7K	1.23M	712.6K	879.86K	753.72K	3.24M	-720.53K
Working Capital Changes	-911.43K	-967.31K	-2.05M	-2.96M	-1.91M	-12.43M	-12.65M	-5.71M	10.62M	10.84M
Change in Receivables	1.16K	-5.24K	-246.68K	-1.23M	404.43K	-3.49M	1.77M	-7.33M	6.39M	2.35M
Change in Inventory	-1.7M	-998.71K	-2.24M	-1.98M	-2.68M	-8.76M	-21.02M	-8.94M	8.75M	7.88M
Change in Payables	553.25K	0	505.24K	30.84K	777.31K	0	0	7.41M	0	0
Cash from Investing+	-54.65K	-86.22K	-365.66K	179.59K	-161.86K	-352.68K	-536.09K	303.19K	-761.53K	-83.17K
Capital Expenditures	-54.65K	-86.22K	-365.66K	-140.05K	-161.86K	-352.68K	-536.09K	-355.99K	-361.53K	-83.17K
CapEx % of Revenue	5.11%	-	0.1%	0.02%	0.01%	0.03%	0.03%	0.01%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	365.66K	319.63K	0	0	0	874.18K	-400K	0
Cash from Financing+	2.11M	2.21M	5.17M	4.96M	5.5M	31.52M	12.66M	8.19M	2.32M	5.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-8.63K	1.91M	197.45K	127.65K	-254.31K	34.31M	7.51M	-216.61K	186.49K	-892.77K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.26M	-3.2M	-4.25M	-6.05M	-5.28M	-16.74M	-20.88M	-15.11M	-1.49M	-6.07M
FCF Margin %	-211.49%	-	-1.21%	-1%	-0.37%	-1.26%	-1.21%	-0.38%	-0.04%	-0.31%
FCF Growth %	-0.49%	-0.41%	-0.33%	-0.42%	0.13%	-2.17%	-0.25%	0.28%	0.9%	-3.06%
FCF per Share	-0.20	-0.26	-0.32	-0.45	-0.35	-0.92	-0.95	-0.64	-0.06	-0.22
FCF Conversion (FCF/Net Income)	1.27x	1.11x	1.40x	1.30x	0.99x	2.09x	1.36x	0.98x	0.06x	0.32x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	194	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-93.95%	-133.13%	-127.69%	-436.5%	-	-44.81%	-42.56%	-48.48%	-93.47%	-374.74%
Return on Invested Capital (ROIC)	-106.29%	-87.02%	-59.05%	-44.23%	-35.87%	-35.5%	-34.58%	-24.42%	-36.29%	-59.48%
Gross Margin	-862.29%	-	35.5%	30.55%	28.15%	26.95%	22.49%	18.26%	13.64%	11.07%
Net Margin	-16266.51%	-	-78.9%	-74.71%	-35.74%	-58.98%	-87.08%	-37.9%	-46.71%	-94.04%
Debt / Equity	0.23x	0.49x	1.92x	-	-	0.03x	0.17x	0.55x	1.45x	-
Interest Coverage	-69.09x	-28.35x	-5.96x	-3.19x	-2.31x	-4.87x	-27.51x	-8.57x	-10.81x	-8.23x
FCF Conversion	1.27x	1.11x	1.40x	1.30x	0.99x	2.09x	1.36x	0.98x	0.06x	0.32x
Revenue Growth	-3.13%	-100%	-	72.99%	136.7%	-7.72%	29.73%	130.3%	-1.07%	-49.46%

Revenue by Geography

	2022	2023	2024
UNITED STATES	15.97M	39.5M	37.06M
UNITED STATES Growth	-	147.29%	-6.18%
CANADA	1.26M	198.18K	2.22M
CANADA Growth	-	-84.33%	1018.46%

Frequently Asked Questions

Growth & Financials

GreenPower Motor Company Inc. (GP) reported $15.5M in revenue for fiscal year 2025.

GreenPower Motor Company Inc. (GP) saw revenue decline by 49.5% over the past year.

GreenPower Motor Company Inc. (GP) reported a net loss of $16.3M for fiscal year 2025.

Dividend & Returns

GreenPower Motor Company Inc. (GP) has a return on equity (ROE) of -374.7%. Negative ROE indicates the company is unprofitable.

GreenPower Motor Company Inc. (GP) had negative free cash flow of $2.7M in fiscal year 2025, likely due to heavy capital investments.

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GreenPower Motor Company Inc. (GP) 10-Year Financial Performance & Capital Metrics

GP • • Industrial / General

Consumer CyclicalAuto ManufacturersCommercial & Specialty VehiclesSchool & Transit Buses

Revenue $20M -49.5%
EBITDA -$16M -8.8%
Net Income -$19M -1.7%
EPS (Diluted) -0.68 +8.1%
Gross Margin 11.07% -18.9%
EBITDA Margin -81.91% -115.3%
Operating Margin -90.29% -111.0%
Net Margin -94.04% -101.3%
ROE -374.74% -300.9%
ROIC -59.48% -63.9%
Debt/Equity -
Interest Coverage -8.23 +23.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 5 (bottom 5%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 10.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y111.58%

5Y6.63%

3Y4.81%

TTM-28.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM23.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM32.14%

ROCE

10Y Avg-69.59%

5Y Avg-51.03%

3Y Avg-60.55%

Latest-91.16%

Peer Comparison

School & Transit Buses

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BLBDBlue Bird Corporation	1.56B	49.34	12.72	9.87%	8.63%	50%	11.26%	0.38
GPGreenPower Motor Company Inc.	3.57M	1.16	-1.71	-49.46%	-105%	-374.74%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	10.7K	0	3.52M	6.08M	14.4M	13.29M	17.24M	39.7M	39.27M	19.85M
Revenue Growth %	-0.03%	-1%	-	0.73%	1.37%	-0.08%	0.3%	1.3%	-0.01%	-0.49%
Cost of Goods Sold+	102.93K	174.71K	2.27M	4.22M	10.34M	9.71M	13.36M	32.45M	33.91M	17.65M
COGS % of Revenue	9.62%	-	0.64%	0.69%	0.72%	0.73%	0.78%	0.82%	0.86%	0.89%
Gross Profit+	-92.23K	-174.71K	1.25M	1.86M	4.05M	3.58M	3.88M	7.25M	5.36M	2.2M
Gross Margin %	-8.62%	-	0.36%	0.31%	0.28%	0.27%	0.22%	0.18%	0.14%	0.11%
Gross Profit Growth %	-9.35%	-0.89%	8.15%	0.49%	1.18%	-0.12%	0.08%	0.87%	-0.26%	-0.59%
Operating Expenses+	1.73M	2.71M	4.06M	4.98M	8.97M	11.37M	18.06M	20.54M	22.16M	20.12M
OpEx % of Revenue	161.88%	-	1.15%	0.82%	0.62%	0.86%	1.05%	0.52%	0.56%	1.01%
Selling, General & Admin	1.37M	2.22M	3.28M	4.02M	5.68M	7.87M	16.01M	17.13M	17.04M	17.13M
SG&A % of Revenue	128.3%	-	0.93%	0.66%	0.39%	0.59%	0.93%	0.43%	0.43%	0.86%
Research & Development	257.66K	312.28K	251.83K	437.21K	973.15K	939.95K	1.38M	2.09M	1.81M	1.34M
R&D % of Revenue	24.09%	-	0.07%	0.07%	0.07%	0.07%	0.08%	0.05%	0.05%	0.07%
Other Operating Expenses	0	0	525.23K	516.21K	2.32M	2.56M	670.9K	1.31M	3.31M	1.65M
Operating Income+	-1.72M	-2.71M	-3.36M	-4.47M	-4.92M	-7.79M	-14.19M	-13.29M	-16.8M	-17.92M
Operating Margin %	-160.88%	-	-0.95%	-0.73%	-0.34%	-0.59%	-0.82%	-0.33%	-0.43%	-0.9%
Operating Income Growth %	0.22%	-0.58%	-0.24%	-0.33%	-0.1%	-0.58%	-0.82%	0.06%	-0.26%	-0.07%
EBITDA+	-1.62M	-2.54M	-2.83M	-3.96M	-4.34M	-7.35M	-13.52M	-12.07M	-14.94M	-16.26M
EBITDA Margin %	-151.26%	-	-0.81%	-0.65%	-0.3%	-0.55%	-0.78%	-0.3%	-0.38%	-0.82%
EBITDA Growth %	0.25%	-0.57%	-0.12%	-0.4%	-0.1%	-0.69%	-0.84%	0.11%	-0.24%	-0.09%
D&A (Non-Cash Add-back)	102.93K	174.71K	522.88K	506.92K	578.55K	437.26K	661.96K	1.22M	1.86M	1.66M
EBIT	-1.71M	-2.71M	-2.82M	-3.14M	-3.01M	-6.24M	-14.49M	-13.49M	-16.79M	-16.49M
Net Interest Income+	-24.91K	0	-563.41K	-1.4M	-2.13M	-1.6M	-515.67K	-1.55M	-1.55M	-2.18M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	24.91K	95.63K	563.41K	1.4M	2.13M	1.6M	515.67K	1.55M	1.55M	2.18M
Other Income/Expense	-19.09K	-57.93K	-28.82K	-78.23K	-223.92K	-45.68K	-824.07K	-1.76M	-1.54M	-743.93K
Pretax Income+	-1.74M	-2.81M	-3.38M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Pretax Margin %	-162.67%	-	-0.96%	-0.75%	-0.36%	-0.59%	-0.87%	-0.38%	-0.47%	-0.94%
Income Tax+	0	95.63K	-610K	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	0.82%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Net Margin %	-162.67%	-	-0.79%	-0.75%	-0.36%	-0.59%	-0.87%	-0.38%	-0.47%	-0.94%
Net Income Growth %	0.37%	-0.62%	0.01%	-0.64%	-0.13%	-0.52%	-0.92%	-0%	-0.22%	-0.02%
Net Income (Continuing)	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.15	-0.23	-0.21	-0.34	-0.48	-0.52	-0.72	-0.65	-0.74	-0.68
EPS Growth %	0.52%	-0.53%	0.09%	-0.62%	-0.41%	-0.08%	-0.38%	0.1%	-0.14%	0.08%
EPS (Basic)	-0.15	-0.23	-0.21	-0.34	-0.48	-0.52	-0.72	-0.65	-0.74	-0.68
Diluted Shares Outstanding	11.31M	12.44M	13.18M	13.36M	15.22M	18.12M	21.88M	23.52M	24.95M	27.58M
Basic Shares Outstanding	11.31M	12.44M	13.18M	13.36M	15.22M	18.12M	21.88M	23.52M	24.95M	27.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	3.33M	1.32M	4.58M	6.93M	8.12M	32.94M	43.1M	54.19M	36.85M	27.78M
Cash & Short-Term Investments	1.05M	56.99K	1.01M	198.92K	299.7K	15.1M	884.78K	600.8K	1.15M	344.24K
Cash Only	1.05M	56.99K	1.01M	198.92K	299.7K	15.1M	884.78K	600.8K	1.15M	344.24K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	261.9K	1.51M	1.06M	4.76M	3.45M	11.63M	2.94M	587.27K
Days Sales Outstanding	-	-	27.19	90.91	26.87	130.66	73.06	106.9	27.36	10.8
Inventory	2.24M	1.21M	3.25M	5.16M	6.59M	12.46M	32.25M	41.64M	32.01M	25.6M
Days Inventory Outstanding	7.95K	2.53K	522.46	445.66	232.55	468.64	881.21	468.4	344.51	529.42
Other Current Assets	0	0	0	151.89K	151.89K	203.5K	6M	328.8K	0	0
Total Non-Current Assets+	620.04K	3.2M	2.91M	4.98M	5.08M	6.68M	6.51M	9.38M	8.35M	7.3M
Property, Plant & Equipment	620.04K	3.15M	2.33M	2.39M	2.36M	2.5M	3.56M	7.46M	6.89M	6.79M
Fixed Asset Turnover	0.02x	-	1.51x	2.54x	6.10x	5.31x	4.84x	5.32x	5.70x	2.92x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	578.15K	897.35K	1.63M	0	0	1.92M	0	0
Other Non-Current Assets	0	47.04K	-3	1.69M	1.09M	4.18M	2.95M	1	1.46M	506.52K
Total Assets+	3.95M	4.52M	7.49M	11.91M	13.21M	39.62M	49.61M	63.57M	45.2M	35.07M
Asset Turnover	0.00x	-	0.47x	0.51x	1.09x	0.34x	0.35x	0.62x	0.87x	0.57x
Asset Growth %	0.66%	0.14%	0.66%	0.59%	0.11%	2%	0.25%	0.28%	-0.29%	-0.22%
Total Current Liabilities+	1.43M	1.32M	2.4M	7.09M	7.38M	2.13M	11.51M	26.52M	21.29M	19.67M
Accounts Payable	249.45K	580.85K	394.14K	692.46K	950.04K	1.2M	0	7.32M	0	0
Days Payables Outstanding	884.61	1.21K	63.44	59.83	33.52	45.06	-	82.36	-	-
Short-Term Debt	425.35K	227K	1.37M	5.25M	5.54M	346.17K	5.77M	10.58M	9.73M	10.91M
Deferred Revenue (Current)	224.18K	224.18K	582.2K	823.9K	426.16K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	326K	115.46K	57.76K	947.38K	193.64K	322.04K	2.05M	555.7K	3.86M	4.85M
Current Ratio	2.33x	1.00x	1.91x	0.98x	1.10x	15.45x	3.74x	2.04x	1.73x	1.41x
Quick Ratio	0.76x	0.08x	0.56x	0.25x	0.21x	9.60x	0.94x	0.47x	0.23x	0.11x
Cash Conversion Cycle	-	-	486.21	476.74	225.89	554.24	-	492.93	-	-
Total Non-Current Liabilities+	472.93K	1.02M	2.92M	4.91M	7M	1.33M	3.71M	9.37M	12.34M	17.01M
Long-Term Debt	472.93K	1.02M	2.8M	4.13M	6.04M	365.28K	0	0	2.43M	2.85M
Capital Lease Obligations	0	0	0	523.46K	386.65K	120.61K	0	4.57M	4.01M	5.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	123.06K	251.87K	573.2K	848.46K	772.3K	2.86M	3.03M	1.77M
Total Liabilities	1.9M	2.34M	5.32M	12M	14.38M	3.47M	15.22M	35.89M	33.64M	36.68M
Total Debt+	472.93K	1.08M	4.17M	10.1M	12.24M	1.1M	5.89M	15.15M	16.8M	19.93M
Net Debt	-573.68K	1.02M	3.16M	9.91M	11.94M	-14M	5M	14.55M	15.65M	19.58M
Debt / Equity	0.23x	0.49x	1.92x	-	-	0.03x	0.17x	0.55x	1.45x	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-69.09x	-28.35x	-5.96x	-3.19x	-2.31x	-4.87x	-27.51x	-8.57x	-10.81x	-8.23x
Total Equity+	2.05M	2.18M	2.17M	-85.64K	-1.17M	36.15M	34.39M	27.68M	11.57M	-1.61M
Equity Growth %	0.24%	0.06%	-0%	-1.04%	-12.72%	31.77%	-0.05%	-0.19%	-0.58%	-1.14%
Book Value per Share	0.18	0.18	0.16	-0.01	-0.08	2.00	1.57	1.18	0.46	-0.06
Total Shareholders' Equity	2.05M	2.18M	2.17M	-85.64K	-1.17M	36.15M	34.39M	27.68M	11.57M	-1.61M
Common Stock	9.16M	12.14M	12.69M	12.98M	16.89M	61.19M	70.83M	75.58M	76.39M	80.54M
Retained Earnings	-8.49M	-11.31M	-14.08M	-18.71M	-23.85M	-31.63M	-46.36M	-60.83M	-79.02M	-97.42M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	1.31M	1.27M	3.17M	5.25M	5.41M	6.59M	9.91M	12.93M	14.19M	15.28M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-2.21M	-3.11M	-3.89M	-5.91M	-5.11M	-16.39M	-20.34M	-14.76M	-1.13M	-5.99M
Operating CF Margin %	-206.38%	-	-1.11%	-0.97%	-0.36%	-1.23%	-1.18%	-0.37%	-0.03%	-0.3%
Operating CF Growth %	-0.46%	-0.41%	-0.25%	-0.52%	0.14%	-2.21%	-0.24%	0.27%	0.92%	-4.29%
Net Income	-1.74M	-2.81M	-2.77M	-4.54M	-5.15M	-7.84M	-15.01M	-15.04M	-18.34M	-18.66M
Depreciation & Amortization	101.48K	177.5K	525.23K	516.21K	578.55K	1.07M	661.96K	1.22M	1.85M	1.66M
Stock-Based Compensation	317.48K	391.77K	744.8K	332.74K	308.11K	2.1M	5.77M	3.65M	1.5M	897.47K
Deferred Taxes	0	6.55K	-610K	25.79K	-168.84K	0	0	376.88K	0	0
Other Non-Cash Items	24.91K	95.63K	280.68K	717.7K	1.23M	712.6K	879.86K	753.72K	3.24M	-720.53K
Working Capital Changes	-911.43K	-967.31K	-2.05M	-2.96M	-1.91M	-12.43M	-12.65M	-5.71M	10.62M	10.84M
Change in Receivables	1.16K	-5.24K	-246.68K	-1.23M	404.43K	-3.49M	1.77M	-7.33M	6.39M	2.35M
Change in Inventory	-1.7M	-998.71K	-2.24M	-1.98M	-2.68M	-8.76M	-21.02M	-8.94M	8.75M	7.88M
Change in Payables	553.25K	0	505.24K	30.84K	777.31K	0	0	7.41M	0	0
Cash from Investing+	-54.65K	-86.22K	-365.66K	179.59K	-161.86K	-352.68K	-536.09K	303.19K	-761.53K	-83.17K
Capital Expenditures	-54.65K	-86.22K	-365.66K	-140.05K	-161.86K	-352.68K	-536.09K	-355.99K	-361.53K	-83.17K
CapEx % of Revenue	5.11%	-	0.1%	0.02%	0.01%	0.03%	0.03%	0.01%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	365.66K	319.63K	0	0	0	874.18K	-400K	0
Cash from Financing+	2.11M	2.21M	5.17M	4.96M	5.5M	31.52M	12.66M	8.19M	2.32M	5.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-8.63K	1.91M	197.45K	127.65K	-254.31K	34.31M	7.51M	-216.61K	186.49K	-892.77K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.26M	-3.2M	-4.25M	-6.05M	-5.28M	-16.74M	-20.88M	-15.11M	-1.49M	-6.07M
FCF Margin %	-211.49%	-	-1.21%	-1%	-0.37%	-1.26%	-1.21%	-0.38%	-0.04%	-0.31%
FCF Growth %	-0.49%	-0.41%	-0.33%	-0.42%	0.13%	-2.17%	-0.25%	0.28%	0.9%	-3.06%
FCF per Share	-0.20	-0.26	-0.32	-0.45	-0.35	-0.92	-0.95	-0.64	-0.06	-0.22
FCF Conversion (FCF/Net Income)	1.27x	1.11x	1.40x	1.30x	0.99x	2.09x	1.36x	0.98x	0.06x	0.32x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	194	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-93.95%	-133.13%	-127.69%	-436.5%	-	-44.81%	-42.56%	-48.48%	-93.47%	-374.74%
Return on Invested Capital (ROIC)	-106.29%	-87.02%	-59.05%	-44.23%	-35.87%	-35.5%	-34.58%	-24.42%	-36.29%	-59.48%
Gross Margin	-862.29%	-	35.5%	30.55%	28.15%	26.95%	22.49%	18.26%	13.64%	11.07%
Net Margin	-16266.51%	-	-78.9%	-74.71%	-35.74%	-58.98%	-87.08%	-37.9%	-46.71%	-94.04%
Debt / Equity	0.23x	0.49x	1.92x	-	-	0.03x	0.17x	0.55x	1.45x	-
Interest Coverage	-69.09x	-28.35x	-5.96x	-3.19x	-2.31x	-4.87x	-27.51x	-8.57x	-10.81x	-8.23x
FCF Conversion	1.27x	1.11x	1.40x	1.30x	0.99x	2.09x	1.36x	0.98x	0.06x	0.32x
Revenue Growth	-3.13%	-100%	-	72.99%	136.7%	-7.72%	29.73%	130.3%	-1.07%	-49.46%

Revenue by Geography

	2022	2023	2024
UNITED STATES	15.97M	39.5M	37.06M
UNITED STATES Growth	-	147.29%	-6.18%
CANADA	1.26M	198.18K	2.22M
CANADA Growth	-	-84.33%	1018.46%

Frequently Asked Questions

Growth & Financials

GreenPower Motor Company Inc. (GP) reported $15.5M in revenue for fiscal year 2025.

GreenPower Motor Company Inc. (GP) saw revenue decline by 49.5% over the past year.

GreenPower Motor Company Inc. (GP) reported a net loss of $16.3M for fiscal year 2025.

Dividend & Returns

GreenPower Motor Company Inc. (GP) has a return on equity (ROE) of -374.7%. Negative ROE indicates the company is unprofitable.

GreenPower Motor Company Inc. (GP) had negative free cash flow of $2.7M in fiscal year 2025, likely due to heavy capital investments.