NEOV
NeoVolta Inc.Industrials·Electrical Equipment & Parts
$1.95
$70M market cap
Revenue
$18.1M
Free Cash Flow
$-9.7M
Rev Growth
+0.0%
FCF Margin
-53.5%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It offers NV14 and NV 24 energy storage systems to store and use energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was founded in 2018 and is headquartered in Poway, California.
2-Year Price History
$3.07+27.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q3 | 2.0 | -2.5 | -2.6 | -3.0 | -3.6 | -3.4 | -0.5 | 11.5 | 0.7 | 40.2 | -50.3% | -47.6x | -- |
| Act | 2026-Q2 | 4.7 | -4.3 | -4.5 | -5.5 | -2.1 | -2.9 | -0.5 | 0.2 | 4.4 | 35.0 | -242.5% | -21.2x | -- |
| Act | 2026-Q1 | 6.7 | -0.8 | -0.9 | -1.2 | -2.5 | -2.5 | -0.0 | 0.9 | 4.9 | 34.2 | -68.1% | -2.1x | -- |
| Act | 2025-Q4 | 4.8 | -1.4 | -1.4 | -1.7 | -0.9 | -0.9 | -0.0 | 0.8 | 3.1 | 34.1 | -140.7% | -6.6x | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| TTM | 1.95 | 0.0% | -50.0% | -9 | 0.0× | 0.0× | 0.0× | 0.0× |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price$1.95
Market Cap$70M
Enterprise Value$59M
P/S Ratio3.9x
P/FCF--
EV/FCF--
FCF Margin (TTM)-53.5%
FCF Yield-13.8%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$18.1M
Net Income$-11.5M
Free Cash Flow$-9.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin-50.0%
Net Margin-63.4%
FCF Margin-53.5%
CapEx % of Revenue5.5%
SBC % of Revenue15.6%
ROIC-125.4%
WC Change % Rev-25.3%
Interest Coverage-10.5x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares3.5M
Days to Cover8.5
Change (vs Prior)-5.7%
Need at least 2 settlement dates for chart
Employees
Headcount10
Revenue / Employee$1,807,041
Gross Profit / Employee$361,630
Cash Runway
14.2months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
21.0%(+11.9% YoY)
27 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
8.9%(+6.0% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.6%(+0.4% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Legacy Wealth Managment, LLC/ID | $16.4M | $3.35 | −$1.1M | +$5.2M | -9.5% | $198M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $5.2M | $3.08 | +$5.2M | +$5.2M | — | $4.04T |
| BlackRock, Inc.Passive | $1.5M | $3.22 | +$174K | +$106K | -0.2% | $5.69T |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | $1.2M | $3.08 | +$1.2M | +$1.2M | +0.9% | $2.68B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.1M | $4.26 | +$128K | +$156K | +2.3% | $1.61T |
| MILLENNIUM MANAGEMENT LLC | $800K | $3.14 | +$764K | +$800K | -0.5% | $127.40B |
| UBS Group AG | $736K | $2.90 | +$533K | +$263K | -0.3% | $562.11B |
| VANGUARD FIDUCIARY TRUST COPassive | $720K | $3.08 | +$720K | +$720K | — | $395.83B |
| BIP Wealth, LLC | $660K | $2.71 | −$37K | −$37K | -0.3% | $2.44B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $617K | $3.11 | +$573K | +$571K | -0.6% | $77.14B |
| 683 Capital Management, LLC | $524K | $3.04 | −$73K | +$524K | -2.2% | $1.02B |
| STATE STREET CORPPassive | $459K | $3.33 | +$41K | +$120K | -0.2% | $2.89T |
| MARSHALL WACE, LLP | $388K | $3.82 | +$327K | +$388K | +0.6% | $92.71B |
| NORTHERN TRUST CORPPassive | $352K | $3.48 | −$2K | −$28K | -0.2% | $755.34B |
| BARCLAYS PLC | $334K | $3.19 | +$327K | +$334K | -0.1% | $279.69B |
| GOLDMAN SACHS GROUP INC | $196K | $5.21 | −$154K | +$196K | -0.2% | $760.93B |
| Hudson Bay Capital Management LP | $182K | $3.08 | +$182K | +$182K | +1.9% | $15.12B |
| Schonfeld Strategic Advisors LLC | $156K | $4.57 | +$47K | +$156K | +1.3% | $12.20B |
| BB&T CORP | $131K | $1.18 | +$0 | +$131K | -0.2% | $73.72B |
| BANK OF AMERICA CORP /DE/ | $118K | $4.27 | +$118K | +$117K | -0.1% | $1.36T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-4.72%
avg per quarter
Holders (ex-self)
-7.04%
excl. this stock
Buyers (this Q)
+0.29%
18 buyers · $0.01B in
Sellers (this Q)
-2.18%
12 sellers · $0.00B out
alpha coverage: 82% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+8.4%
how holders react when this stock falls
On quiet Qs
+23.3%
−10% to +10% baseline
On rallies (+10%+)
-0.4%
how they react when this stock rises
Holders' portfolio flow this Q
+7.7%
inflows — adds are organic
Sellers' portfolio flow this Q
+12.1%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-9.4%
Holder mid (any stock)
-6.0%
Holder rally (any stock)
-1.0%
Biggest decreases this quarter
Sovran Advisors, LLC−$1.3Mα-0.5Legacy Wealth Managment, LLC/ID−$1.1Mα-9.5Qube Research & Technologies Ltdexited−$197KBRIDGEWAY CAPITAL MANAGEMENT, LLCexited−$159KGOLDMAN SACHS GROUP INC−$154Kα-0.2OMERS ADMINISTRATION Corp−$128Kα-0.2We Are One Seven, LLCexited−$112KPoint72 Asset Management, L.P.exited−$102KLighthouse Investment Partners, LLCexited−$74K683 Capital Management, LLC−$73Kα-2.2
New buyers this quarter
Top-5 holders · 78.9%
Legacy Wealth Managment, LLC/ID--
VANGUARD CAPITAL MANAGEMENT LLC--
BlackRock, Inc.--
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP--
GEODE CAPITAL MANAGEMENT, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Legacy Wealth Managment, LLC/ID5.3MLegacy Investment Solutions, LLC—Sovran Advisors, LLC25KDAVIDSON KEMPNER CAPITAL MANAGEMENT LP400KBIP Wealth, LLC214KUBS Group AG239KMILLENNIUM MANAGEMENT LLC260KGOLDMAN SACHS GROUP INC64K683 Capital Management, LLC170KRossby Financial, LCC—
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Hold: 1Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$98K
1 txn · 1 insider · 47,000 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$5K
1 txn · 1 insider · 500,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-19 | BUY | Bond Steve | director, officer: Executive Vice President | 47,000 | $2.09 | $98K | $1.66M |
| 2025-10-08 | SELL | Willson Brent | 10 percent owner | 500,000 | $0.01 | $5K | $36K |
Order Flow (FINRA, ~3w lag)
33.7%retail-1.4pp
14.0%dark-1.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
NeoVolta, Inc.: A High-Voltage Cash Burn Powered by Toxic Debt and Dilutive Financing
Overall Risk
9/10
Fraud
6/10
Dilution
9/10
Insolvency
8/10
Earnings Overstated
7/10
Hidden Liabilities
8/10
Legal
4/10
Audit Warnings
6/10
Hidden Upside
4/10
Contextually Acceptable
3/10