NOMAD Power Solutions, Inc. (NMAD) Income Statement
NMAD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNMAD revenue and net income
NMAD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| 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.
NMAD quarterly EPS vs estimates
Next report: November 11, 2026.
NMAD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Research & development | $254,919 | $726,232 | $898,100 | $1.3M | $1.7M |
| Sales, general & admin | $4.9M | $2.8M | $4.2M | $5.0M | — |
| Total operating expenses | $5.1M | $3.6M | $5.1M | $6.3M | $6.7M |
| Operating income | −$5.1M | −$3.6M | −$5.1M | −$6.3M | −$6.7M |
| Interest income | $7,388 | $7,048 | $17,486 | $11,195 | — |
| Interest expense | $9,158 | $16,821 | $16,233 | $8,875 | — |
| Income before taxes | −$6.0M | −$3.6M | −$5.1M | −$6.3M | −$6.7M |
| Net income | −$6.0M | −$3.6M | −$5.1M | −$6.3M | −$6.7M |
| EBITDA | −$6.0M | −$3.6M | −$5.1M | −$6.3M | −$6.7M |
| EPS (diluted) | −$1.23 | −$1.59 | −$2.77 | −$4.03 | −$5.00 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $529,494 | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | −$529,494 | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | $62,250 | $333,376 | $52,118 | $50,696 | $60,648 | $91,457 | $34,830 | $361,630 | $210,708 | $119,064 | $149,071 | $132,487 |
| Sales, general & admin | $1.8M | $1.7M | $1.8M | $1.8M | $714,161 | $615,483 | — | — | — | — | — | — |
| Total operating expenses | $1.8M | $2.0M | $1.8M | $1.8M | $774,809 | $706,940 | $613,497 | $983,257 | $1.0M | $966,879 | $1.0M | $1.0M |
| Operating income | −$2.3M | −$2.0M | −$1.8M | −$1.8M | −$774,809 | −$706,940 | −$613,497 | −$983,257 | −$1.0M | −$966,879 | −$1.0M | −$1.0M |
| Interest income | $2,291 | $3,370 | $2,152 | $4,430 | $365 | $441 | — | — | — | — | — | — |
| Interest expense | $851 | $3,096 | $3,756 | $457 | $1,810 | $3,135 | — | — | — | — | — | — |
| Income before taxes | −$2.3M | −$2.0M | −$2.5M | −$2.0M | −$775,673 | −$709,555 | −$617,694 | −$986,030 | −$1.0M | −$971,322 | −$1.0M | −$1.0M |
| Net income | −$2.2M | −$1.9M | −$2.5M | −$2.0M | −$775,673 | −$709,555 | −$617,694 | −$986,030 | −$1.0M | −$971,322 | −$1.0M | −$1.0M |
| EBITDA | −$2.1M | −$1.9M | −$2.5M | −$2.0M | −$773,863 | −$706,420 | −$613,497 | −$983,257 | −$1.0M | −$966,879 | −$1.0M | −$1.0M |
| EPS (diluted) | −$0.16 | −$0.18 | −$0.33 | −$0.33 | −$0.29 | −$0.29 | −$0.27 | −$0.44 | −$0.45 | −$0.43 | −$0.46 | −$0.49 |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NMAD's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NMAD financial results
NOMAD Power Solutions reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $6.0 million. Diluted earnings per share came to −$1.23.
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NMAD income statement FAQ
Does NOMAD Power Solutions have revenue?
NOMAD Power Solutions reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is NOMAD Power Solutions profitable?
No. NOMAD Power Solutions reported a net loss of $6.0 million in fiscal 2025.
How much does NOMAD Power Solutions spend on research and development?
NOMAD Power Solutions spent $0.3 million on research and development in fiscal 2025.
What are NOMAD Power Solutions's earnings per share?
NOMAD Power Solutions earned $-1.23 per diluted share in fiscal 2025, compared with $-1.59 a year earlier.
When will NOMAD Power Solutions report its next earnings?
NOMAD Power Solutions is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does NOMAD Power Solutions's fiscal year end?
NOMAD Power Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.