NeoVolta Inc. (NEOV) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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NEOV Revenue Growth
NEOV Revenue Analysis (2018–2025)
As of May 8, 2026, NeoVolta Inc. (NEOV) generated trailing twelve-month (TTM) revenue of $18.1 million, reflecting explosive growth of +333.5% year-over-year. The most recent quarter (Q2 2026) recorded $4.6 million in revenue, down 30.1% sequentially.
Looking at the longer-term picture, NEOV's 5-year compound annual growth rate (CAGR) stands at +33.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $8.4 million in 2025, representing a new all-time high.
When compared to Industrials sector peers including GNRC (-0.5% YoY), STEM (+0.7% YoY), and SHLS (+37.8% YoY), NEOV has outperformed the peer group in terms of revenue growth. Compare NEOV vs GNRC →
NEOV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NEOVCurrent | $18M | +333.5% | +33.2% | -56.0% | |
 GNRC | $4.2B | -0.5% | +11.1% | 6.9% | |
 STEM | $156M | +0.7% | +33.9% | -38.7% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% |
NEOV Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.4M | +218.6% | $1.5M | 17.9% | $-4,716,190 | -56.0% |
| 2024 | $2.6M | -23.5% | $510K | 19.3% | $-2,336,954 | -88.4% |
| 2023 | $3.5M | -22.7% | $688K | 19.9% | $-2,635,699 | -76.3% |
| 2022 | $4.5M | -7.3% | $667K | 14.9% | $-5,755,290 | -128.7% |
| 2021 | $4.8M | +139.8% | $648K | 13.4% | $-7,650,951 | -158.6% |
| 2020 | $2.0M | - | $239K | 11.9% | $-1,431,310 | -71.2% |
| 2019 | $0 | - | $0 | - | $-822,310 | - |
| 2018 | $0 | - | $0 | - | $-300,285 | - |
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Start ComparisonNEOV — Frequently Asked Questions
Quick answers to the most common questions about buying NEOV stock.
Is NEOV's revenue growth accelerating or slowing?
NEOV revenue is accelerating at +333.5% year-over-year, exceeding the 5-year CAGR of +33.2%. TTM revenue reached $18M. Growth momentum has increased versus prior periods.
What is NEOV's long-term revenue growth rate?
NeoVolta Inc.'s 5-year revenue CAGR of +33.2% reflects the sustained expansion pattern. Current YoY growth of +333.5% is above this long-term average.
How is NEOV's revenue distributed by segment?
NEOV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.