GreenPower Motor Company Inc. (GP) Income Statement
GP FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsGP revenue and net income
Where GP's revenue goes
FY2026Each bar shows an amount and its share of revenue. GP kept −33.4% of revenue as net income.
GP profit margins
GP growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −17.4% | −25.5% | +4.3% | +108.2% |
| Gross profit | +319.5% | +8.3% | +20.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GP quarterly EPS vs estimates
GreenPower Motor beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 10, 2026.
GP income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $19.8M | $39.3M | $39.7M | $17.2M | $13.3M | $14.4M | $6.1M | $3.5M | $0 |
| Cost of revenue | $7.2M | $17.7M | $33.9M | $32.4M | $13.4M | $9.7M | $10.3M | $4.2M | $2.3M | $174,706 |
| Gross profit | $9.2M | $2.2M | $5.4M | $7.3M | $3.9M | $3.6M | $4.1M | $1.9M | $1.2M | −$174,706 |
| Research & development | $701,369 | $1.3M | $1.8M | $2.1M | $1.4M | $939,949 | $973,146 | $437,208 | $251,826 | $312,278 |
| Sales, general & admin | $8.6M | $17.1M | $17.0M | $17.1M | $16.0M | $7.9M | $5.7M | $4.0M | $3.3M | $2.2M |
| Total operating expenses | $10.7M | $20.1M | $22.2M | $20.5M | $18.1M | $11.4M | $9.0M | $5.0M | $4.1M | $2.7M |
| Operating income | −$1.5M | −$17.9M | −$16.8M | −$13.3M | −$14.2M | −$7.8M | −$4.9M | −$4.5M | −$3.4M | −$2.7M |
| Interest expense | $2.6M | $2.2M | $1.6M | $1.5M | $515,668 | $1.6M | $2.1M | $1.4M | $563,411 | $95,629 |
| Income before taxes | −$5.9M | −$18.7M | −$18.3M | −$15.0M | −$15.0M | −$7.8M | −$5.1M | −$4.5M | −$3.4M | −$2.8M |
| Income taxes | −$406,000 | — | $3 | $281,729 | $824,068 | $1.6M | $2.1M | $1.3M | −$610,000 | $95,629 |
| Net income | −$5.5M | −$18.7M | −$18.3M | −$15.0M | −$15.0M | −$7.8M | −$5.1M | −$4.5M | −$2.8M | −$2.8M |
| EBITDA | −$1.8M | −$14.8M | −$14.9M | −$12.3M | −$13.8M | −$5.8M | −$2.4M | −$2.6M | −$2.3M | −$2.5M |
| EPS (diluted) | −$0.97 | −$5.01 | −$7.16 | −$4.92 | −$3.92 | −$3.52 | −$2.51 | −$0.29 | $0.02 | −$0.23 |
| Gross margin | 56.2% | 11.1% | 13.6% | 18.3% | 22.5% | 26.9% | 28.2% | 30.5% | 35.5% | — |
| Operating margin | −9.3% | −90.3% | −42.8% | −33.5% | −82.3% | −58.6% | −34.2% | −73.4% | −95.4% | — |
| Net margin | −33.4% | −94.0% | −46.7% | −37.9% | −87.1% | −59.0% | −35.7% | −74.7% | −78.9% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $439,148 | $3.9M | $8.5M | $2.5M | $1.5M | $4.3M | $7.2M | $5.3M | $3.0M | $8.2M | $8.4M | $8.4M |
| Cost of revenue | $89,064 | $2.9M | $1.2M | $2.2M | $1.2M | $3.8M | $6.2M | $4.9M | $2.8M | $6.8M | $7.5M | $7.2M |
| Gross profit | $350,084 | $917,288 | $7.3M | $273,718 | $361,682 | $461,082 | $1.1M | $459,635 | $221,864 | $1.4M | $912,752 | $1.2M |
| Research & development | $71,356 | $162,933 | $151,381 | $221,104 | $165,951 | $329,798 | $380,293 | $401,826 | $227,283 | $442,387 | $454,613 | $322,200 |
| Sales, general & admin | $1.7M | $675,091 | $1.9M | $2.6M | $3.4M | $4.6M | $4.2M | $3.9M | $4.4M | $4.2M | $3.7M | $4.3M |
| Total operating expenses | $2.0M | $853,028 | $2.4M | $3.2M | $3.9M | $9.0M | $5.2M | $4.6M | $5.1M | $5.7M | $4.9M | $5.2M |
| Operating income | −$1.6M | $64,260 | $4.9M | −$2.9M | −$3.6M | −$4.7M | −$4.2M | −$4.1M | −$4.9M | −$4.3M | −$4.0M | −$4.0M |
| Interest expense | $769,594 | $693,932 | $710,483 | $605,571 | $571,898 | $518,752 | $562,360 | $572,472 | $522,753 | $342,590 | $352,058 | $266,035 |
| Income before taxes | −$2.4M | −$2.3M | $4.2M | −$3.6M | −$4.2M | −$3.8M | −$4.7M | −$4.7M | −$5.4M | −$4.6M | −$4.8M | −$4.3M |
| Income taxes | −$406,000 | −$406,000 | — | — | — | — | — | — | $4 | $3 | $3 | $266,035 |
| Net income | −$2.4M | −$1.9M | $4.2M | −$3.6M | −$4.2M | −$3.8M | −$4.7M | −$4.7M | −$5.4M | −$4.6M | −$4.8M | −$4.3M |
| EBITDA | −$1.4M | −$1.3M | $5.3M | −$2.6M | −$3.2M | — | −$3.8M | −$3.7M | −$4.4M | −$3.8M | −$3.5M | −$3.5M |
| EPS (diluted) | −$0.42 | — | — | −$1.18 | −$0.14 | −$1.30 | −$1.70 | −$1.80 | −$0.21 | −$2.66 | −$1.70 | −$1.70 |
| Gross margin | 79.7% | 23.8% | 86.2% | 11.0% | 23.3% | 10.8% | 14.6% | 8.6% | 7.4% | 16.6% | 10.9% | 14.6% |
| Operating margin | −367.3% | 1.7% | 58.0% | −117.6% | −231.4% | −109.9% | −57.9% | −77.1% | −163.7% | −53.0% | −47.8% | −47.2% |
| Net margin | −545.8% | −50.2% | 49.6% | −144.3% | −268.7% | −89.5% | −65.6% | −87.9% | −179.8% | −56.9% | −56.9% | −50.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GP's financial statements (latest annual report filed August 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GP financial results
In fiscal year 2026 (ended March 31, 2026), GreenPower Motor reported revenue of $16.4 million, down 17.4% from the year before. It had a net loss of $5.5 million, a net profit margin of −33.4%. Diluted earnings per share came to −$0.97. Over five years revenue grew at an average rate of 4.3% a year.
See the GP stock overview for the latest quote and news, or the GP chart for price history and technical indicators.
GP income statement FAQ
What is GreenPower Motor's annual revenue?
GreenPower Motor reported total revenue of $16.4 million for fiscal year 2026, which ended on March 31, 2026. That was down 17.4% from $19.8 million the previous year.
Is GreenPower Motor profitable?
No. GreenPower Motor reported a net loss of $5.5 million in fiscal 2026, a net profit margin of −33.4%; its operating margin was −9.3%.
What is GreenPower Motor's gross margin?
GreenPower Motor's gross margin was 56.2% in fiscal 2026: for every $100 of revenue, GreenPower Motor kept $56 after the direct cost of its products and services.
How much does GreenPower Motor spend on research and development?
GreenPower Motor spent $0.7 million on research and development in fiscal 2026, 4.3% of revenue.
How fast is GreenPower Motor growing?
Revenue grew 4.3% a year on average over the last five fiscal years, from $13.3 million to $16.4 million.
What are GreenPower Motor's earnings per share?
GreenPower Motor earned $-0.97 per diluted share in fiscal 2026, compared with $-5.01 a year earlier.
When will GreenPower Motor report its next earnings?
GreenPower Motor is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does GreenPower Motor's fiscal year end?
GreenPower Motor's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on August 18, 2026.