GreenPower Motor Reports Q3 Revenue of $8.5 Million and Net Income of $4.2 Million
GreenPower Motor Company posted $8.5 million in revenue and $4.2 million in net income for its third fiscal quarter, driven by a shift to building electric vehicles to customer orders.
- $8.5 million
- $4.2 million
- 28%
What Happened
GreenPower Motor Company reported revenue of $8.5 million and net income of $4.2 million for the quarter ended December 31, 2025. The company attributed the positive results to a strategic transition from building EVs on speculation to manufacturing based on customer orders, which has required recapitalization and retooling.
“Despite significant headwinds in the EV sector in general, GreenPower has made substantial strides with its transition from building EVs on spec., to a production strategy driven by building EVs to customer orders.”
- $8.5 million vs. $7.2 million
- $2.4 million vs. $5.2 million
GreenPower is also managing a state-sponsored zero-emission school bus pilot program in New Mexico, with funding of more than $5 million. The company raised $1.12 million through a Series A convertible preferred share issuance and completed several recapitalization transactions after the quarter ended.
Why this matters
The results show GreenPower is moving toward profitability by focusing on custom orders rather than speculative production, a strategy that may help it weather industry headwinds.
Terms in This Story
- zero-emission vehicle
- A vehicle that produces no exhaust emissions from the onboard source of power, such as a battery electric vehicle.
- purpose-built
- Designed from the ground up for a specific use, rather than adapted from an existing platform.
- working capital
- A measure of a company's operational liquidity, calculated as current assets minus current liabilities.
- convertible preferred shares
- A type of preferred stock that can be converted into a fixed number of common shares at a specified price.
Summarised from the linked release; details can be imperfect — always verify against the original source.