EPOW revenueFY2025$46.42M
- FY YoY
- -28.6%
- 5Y CAGR
- +14.9%
EPOW revenue was $46.42M for fiscal 2025 (ended Dec 31, 2025), down 28.6% from fiscal 2024. Compound annual growth was +14.9% over 5 years. It rose in 5 of the last 7 fiscal years.
E-Power Inc. (EPOW) financials
For fiscal 2025 (ended Dec 31, 2025), E-Power Inc. reported $46.42M of revenue and -$16.64M of net income.
- Revenue, FY2025
- $46.42M
- Revenue growth, YoY
- -28.6%
- Net income, FY2025
- -$16.64M
- Net margin
- -35.8%
- Free cash flow, FY2025
- -$31.55M
- EPS, diluted, FY2025
- -$0.57
- Cash
- $21.84M
- Total debt
- $68.93M
- P/S
- 0.17
- Market cap
- $8.0M
FY2018FY2025
FY2018FY2025
FY2018FY2025
EPOW revenue and earnings growth
EPOW net incomeFY2025-$16.64M
EPOW net income was -$16.64M for fiscal 2025 (ended Dec 31, 2025), compared with -$11.78M in fiscal 2024.
EPOW EPSFY2025-$0.57
EPOW diluted EPS was -$0.57 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.48 in fiscal 2024.
EPOW free cash flowFY2025-$31.55M
EPOW free cash flow was -$31.55M for fiscal 2025 (ended Dec 31, 2025), compared with -$7.82M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.42M | $65.00M | $45.05M | $38.13M | $7.41M | $23.18M | $17.93M | $13.54M |
| Cost of revenue | $52.26M | $70.80M | $57.45M | $39.48M | $3.89M | $2.98M | - | - |
| Gross profit | -$5.85M | -$5.80M | -$12.40M | -$1.35M | $3.52M | $20.20M | - | - |
| Research and development | $1.96M | $2.51M | $1.19M | $1.05M | $2.15M | $671.3K | $795.5K | $665.4K |
| Selling, general and admin | $7.33M | $7.39M | $13.04M | $12.68M | $7.83M | $3.90M | $2.90M | $1.75M |
| Operating income | -$16.03M | -$16.60M | -$30.53M | -$18.81M | -$7.41M | $14.73M | $10.77M | $8.70M |
| Interest expense | $1.12M | $167.0K | $575.1K | $27.1K | - | - | - | - |
| Pre-tax income | -$26.66M | -$17.98M | -$32.92M | -$22.32M | -$8.95M | -$138.7K | $10.99M | $8.81M |
| Income tax | -$387 | $5.6K | -$226 | $809.0K | -$236.6K | $3.05M | $1.59M | $1.16M |
| Net income | -$16.64M | -$11.78M | -$24.23M | -$22.64M | -$8.40M | $12.09M | $9.75M | $7.48M |
| EPS, basic | -$0.57 | -$0.48 | -$1.08 | -$0.98 | -$0.36 | $0.72 | $0.58 | $0.45 |
| EPS, diluted | -$0.57 | -$0.48 | -$1.08 | -$0.98 | -$0.36 | $0.72 | $0.58 | $0.45 |
| Diluted shares | 29.0M | 26.4M | 25.6M | 24.8M | 23.6M | 16.8M | 16.8M | 16.8M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $21.84M | $1.26M | $1.40M | $4.29M | $14.62M | $10.97M | $9.44M | $11.66M |
| Short-term investments | - | - | $86.3K | $3.34M | $5.96M | - | - | - |
| Receivables | $9.94M | $28.99M | $8.94M | $5.17M | $6.86M | $12.22M | $5.28M | - |
| Inventory | $24.11M | $17.66M | $15.84M | $18.33M | $3.11M | $2.71M | $3.29M | - |
| Current assets | $72.24M | $63.01M | $35.82M | $44.64M | $34.35M | $28.26M | $19.56M | - |
| Total assets | $156.44M | $143.02M | $120.50M | $107.02M | $58.70M | $39.74M | $26.97M | - |
| Current liabilities | $100.67M | $86.76M | $63.49M | $26.02M | $1.72M | $5.58M | $6.87M | - |
| Short-term debt | $29.38M | $485.6K | $478.9K | - | - | - | - | - |
| Long-term debt | $39.56M | $26.41M | $3.51M | - | - | - | - | - |
| Total debt | $68.93M | $26.90M | $3.99M | $3.02M | $5.38M | - | - | - |
| Total liabilities | $140.54M | $115.73M | $75.17M | $33.66M | $1.72M | $5.59M | $6.97M | - |
| Shareholders' equity | -$12.10M | -$10.26M | $10.79M | $42.13M | $56.97M | $34.15M | $20.00M | $10.66M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.16M | -$5.35M | -$7.28M | -$9.57M | -$5.23M | $7.07M | $1.24M | $5.76M |
| Capital expenditures | $6.39M | $2.46M | $5.47M | $43.71M | $1.37M | $1.72M | $156.7K | $50.0K |
| Free cash flow | -$31.55M | -$7.82M | -$12.76M | -$53.29M | -$6.61M | $5.34M | $1.08M | $5.71M |
| Investing cash flow | -$11.22M | $632.5K | -$7.00M | -$45.61M | -$22.10M | -$6.37M | -$3.53M | -$363.5K |
| Financing cash flow | $54.46M | $10.63M | $13.68M | $45.76M | $30.84M | $120.0K | $238.1K | $340.6K |
| Stock-based compensation | $322.4K | $972.7K | $2.15M | $2.73M | - | - | - | - |
| Depreciation and amortization | $5.68M | $4.88M | $3.95M | $2.06M | $988.7K | $865.4K | $167.9K | $20.9K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -28.6% | 44.3% | 18.2% | 414.6% | -68.0% | 29.3% | 32.4% | - |
| Net income growth, YoY | - | - | - | - | - | 24.0% | 30.4% | - |
| EPS growth, YoY | - | - | - | - | - | 24.1% | 28.9% | - |
| Gross margin | -12.6% | -8.9% | -27.5% | -3.5% | 47.5% | 87.1% | - | - |
| Operating margin | -34.5% | -25.5% | -67.8% | -49.3% | -100.0% | 63.5% | 60.1% | 64.3% |
| Net margin | -35.8% | -18.1% | -53.8% | -59.4% | -113.4% | 52.1% | 54.4% | 55.2% |
| Free cash flow margin | -68.0% | -12.0% | -28.3% | -139.8% | -89.2% | 23.0% | 6.0% | 42.2% |
| Return on equity | - | - | -224.6% | -53.7% | -14.7% | 35.4% | 48.7% | 70.1% |
| Return on assets | -10.6% | -8.2% | -20.1% | -21.2% | -14.3% | 30.4% | 36.1% | - |
| Current ratio | 0.72 | 0.73 | 0.56 | 1.72 | 19.96 | 5.06 | 2.85 | - |
| Debt to equity | - | - | 0.37 | 0.07 | 0.09 | - | - | - |
Source: XBRL data E-Power Inc. files with the SEC, latest filing dated May 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
EPOW peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| EPOW | $46.42M | -28.6% | -$16.64M | -35.8% | $8.0M |
| ASML | €32.67B | +15.6% | €9.61B | 29.4% | $549.12B |
| TMO | $47.35B | +8.3% | $7.07B | 14.9% | $257.42B |
| LRCX | $26.13B | +33.4% | $8.45B | 32.3% | $250.38B |
| DE | $47.98B | +8.0% | $4.87B | 10.2% | $181.09B |
| DHR | $25.61B | +5.5% | $4.33B | 16.9% | $161.98B |
| ETN | $31.98B | +20.1% | $3.90B | 12.2% | $132.76B |
| JCI | $24.43B | +5.1% | $3.53B | 14.5% | $81.79B |
| ITW | $16.65B | +4.8% | $3.23B | 19.4% | $79.84B |
EPOW FAQ
9 questionsWhat is EPOW revenue?
E-Power Inc. (EPOW) reported $46.42M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 28.6% from the year before.Is EPOW profitable?
No. E-Power Inc. reported a net loss of $16.64M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does EPOW have?
E-Power Inc. reported $21.84M in cash and cash equivalents and $68.93M of debt on its most recent balance sheet in SEC filings.How fast is EPOW revenue growing?
E-Power Inc.'s revenue changed -28.6% in fiscal 2025, to $46.42M. Its compound annual growth rate was +14.9% over 5 years.What is EPOW gross margin?
E-Power Inc.'s gross profit was -$5.85M on $46.42M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of -12.6%.What is EPOW free cash flow?
E-Power Inc. generated -$31.55M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$25.16M less capital expenditures.What is EPOW earnings per share?
Diluted earnings per share were -$0.57 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did EPOW last report financial results?
The latest statements here come from E-Power Inc.'s 20-F filed on May 15, 2026, covering the period ended Dec 31, 2025.Where does this EPOW financial data come from?
Quantisnow builds these statements from the structured XBRL data E-Power Inc. files with the SEC. It is provided for information only and is not investment advice.