NeoVolta, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026, reporting financial results for the first quarter of its fiscal year 2027.

Key Highlights

  • Net loss of $7,733,158 for the three months ended September 30, 2026, compared to a net loss of $1,243,322 in the same period of 2025, according to the filing.
  • Revenue declined to $2,786,782 for the quarter, down from $6,650,258 in the three months ended September 30, 2025.
  • General and administrative expenses rose to $7,336,224, compared to $2,374,668 in the prior-year quarter.
  • Total assets increased to $74,105,673 as of September 30, 2026, up from $53,637,947 as of June 30, 2026.
  • Short-term debt payable rose to $15,073,584 as of September 30, 2026, from $1,120,000 as of June 30, 2026.
  • Cash and cash equivalents were $25,966,018 as of September 30, 2026, up from $22,201,975 as of June 30, 2026.
  • 59,103,184 shares of common stock were outstanding as of November 12, 2026, the filing disclosed.

NeoVolta's September 2026 Quarter: Revenue Decline and Rising Expenses

According to the filing, NeoVolta, Inc. (NASDAQ:NEOV) reported revenues of $2,786,782 for the three months ended September 30, 2026, a decrease from $6,650,258 in the same quarter of the prior year. Cost of revenues was $1,768,895, yielding a gross profit of $1,017,887, compared to a gross profit of $1,577,252 in the three months ended September 30, 2025. The company reported a loss from operations of $7,317,121 for the quarter, compared to a loss from operations of $854,328 in the year-earlier period.

The filing disclosed that total operating expenses for the quarter were $8,335,008, driven primarily by general and administrative expenses of $7,336,224, research and development costs of $766,928, and depreciation and amortization of $231,856. Net loss per share, basic and diluted, was $(0.13), based on weighted average shares outstanding of 58,950,149, compared to a net loss per share of $(0.04) on 34,193,531 weighted average shares in the prior-year quarter. Total other expense for the quarter was $(416,037), which included interest expense of $(521,310), nonoperating credit loss and other of $(28,955), and interest income of $134,228.

On the balance sheet, total liabilities increased to $36,929,225 as of September 30, 2026, from $14,070,607 as of June 30, 2026, the filing reported. The increase was driven in part by short-term debt payable rising to $15,073,584 and accrued liabilities growing to $5,307,857. Total stockholders' equity decreased to $37,176,448 from $39,567,340 over the same period, reflecting an accumulated deficit of $54,981,003 as of September 30, 2026. The company disclosed that it is a smaller reporting company and an emerging growth company. The filing contains forward-looking statements that the company notes are subject to its cautionary language and are not guarantees of future performance.

What Was Disclosed

NeoVolta, Inc. disclosed its unaudited financial results for the three months ended September 30, 2026, including a net loss of $7,733,158, revenues of $2,786,782, total assets of $74,105,673, and 59,103,184 shares outstanding as of November 12, 2026.