NeoVolta fiscal year 2026 financial performance

NeoVolta Inc. reported a 58% year-over-year increase in fiscal year 2026 revenue, reaching $13.3 million compared to $8.4 million in fiscal year 2025. This growth is attributed to the company’s expansion from residential energy storage into commercial, industrial, and utility-scale battery systems.

Despite the annual revenue increase, the company experienced a significant decline in fourth-quarter revenue, which fell to approximately $13.5 thousand from $4.8 million in the previous year. Management attributed this drop to a substantial decline in residential and traditional installer-channel sales following changes to federal tax laws in early 2026.

Financial losses also widened, with a GAAP net loss of $21.5 million for fiscal year 2026, compared to a $5.0 million loss in fiscal year 2025. The company is currently investing in U.S. manufacturing capacity for Battery Energy Storage Systems (BESS) and maintains a cash position of $25.4 million following a public offering in May 2026. Additionally, a collaboration with SK ON is expected to support capacity expansion through a domestic cell supply agreement from 2027 to 2031.