GreenPower Mtr Co Inc Financials
This page shows GreenPower Mtr Co Inc (GP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
GreenPower Mtr Co Inc's revenue declined 1.1% year-over-year, from $39.7M to $39.3M. This contraction results in a growth score of 32/100.
GreenPower Mtr Co Inc carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
GreenPower Mtr Co Inc's current ratio of 1.73 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
While GreenPower Mtr Co Inc generated -$1.1M in operating cash flow, capex of $362K consumed most of it, leaving -$1.5M in free cash flow. This results in a low score of 16/100, reflecting heavy capital investment rather than weak cash generation.
GreenPower Mtr Co Inc generates a -158.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -54.4% the prior year.
GreenPower Mtr Co Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, GreenPower Mtr Co Inc generates $0.06 in operating cash flow (-$1.1M OCF vs -$18.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
GreenPower Mtr Co Inc generated $39.3M in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
GreenPower Mtr Co Inc reported -$18.3M in net income in fiscal year 2024. This represents a decrease of 21.9% from the prior year.
Cash & Balance Sheet
GreenPower Mtr Co Inc generated -$1.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 90.1% from the prior year.
GreenPower Mtr Co Inc held $1.2M in cash against $4.0M in long-term debt as of fiscal year 2024.
GreenPower Mtr Co Inc had 25M shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.
Margins & Returns
GreenPower Mtr Co Inc's net profit margin was -46.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.8 percentage points from the prior year.
GreenPower Mtr Co Inc's ROE was -158.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 104.2 percentage points from the prior year.
Capital Allocation
GreenPower Mtr Co Inc invested $362K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.6% from the prior year.
GP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M+35.0% | $5.3M+78.4% | $3.0M-41.2% | $5.1M-37.6% | $8.2M-3.3% | $8.4M-52.0% | $17.6M | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $113K+35.0% | $84K-2.9% | $86K-3.7% | $90K-3.6% | $93K-2.9% | $96K-2.3% | $98K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$4.7M-0.8% | -$4.7M+12.7% | -$5.4M+18.7% | -$6.6M-42.9% | -$4.6M-9.0% | -$4.3M-51.4% | -$2.8M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.4M-5.1% | $39.4M-9.4% | $43.5M-3.8% | $45.2M-9.9% | $50.2M | N/A | N/A | $63.5M |
| Current Assets | $31.6M-4.7% | $33.2M-9.6% | $36.7M-0.3% | $36.9M-12.1% | $41.9M | N/A | N/A | $54.2M |
| Cash & Equivalents | $621K+431.3% | $117K-77.9% | $528K-54.1% | $1.2M-70.9% | $4.0M+99.3% | $2.0M+36.8% | $1.5M+141.9% | $600K |
| Inventory | $28.2M-11.2% | $31.7M-5.9% | $33.7M+5.4% | $32.0M-2.7% | $32.9M | N/A | N/A | $41.6M |
| Accounts Receivable | $1.0M-9.6% | $1.1M-10.0% | $1.3M-4.2% | $1.3M-66.3% | $3.9M | N/A | N/A | $10.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $251K |
| Total Liabilities | $35.2M0.0% | $35.2M+1.0% | $34.9M+3.7% | $33.6M+4.7% | $32.1M | N/A | N/A | $35.9M |
| Current Liabilities | $18.8M-18.7% | $23.1M+1.3% | $22.8M+7.2% | $21.3M-5.5% | $22.5M | N/A | N/A | $26.5M |
| Long-Term Debt | $3.7M-2.3% | $3.8M-2.9% | $3.9M-2.0% | $4.0M-2.8% | $4.1M | N/A | N/A | $4.6M |
| Total Equity | $2.1M-48.5% | $4.2M-51.7% | $8.6M-25.6% | $11.6M-35.9% | $18.1M-19.2% | $22.3M-14.7% | $26.2M-5.3% | $27.7M |
| Retained Earnings | -$93.6M-5.2% | -$89.0M-5.5% | -$84.3M-6.7% | -$79.0M-9.1% | -$72.5M | N/A | N/A | -$60.8M |
GP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M+20.4% | -$1.3M+58.6% | -$3.2M+34.8% | -$4.9M-454.0% | $1.4M+126.0% | -$5.4M-169.0% | $7.8M+479.6% | -$2.0M |
| Capital Expenditures | $4K-87.7% | $30K-33.6% | $46K-34.7% | $70K-53.8% | $152K+41.9% | $107K+236.0% | $32K-76.1% | $134K |
| Free Cash Flow | -$1.1M+21.9% | -$1.4M+58.2% | -$3.3M+34.8% | -$5.0M-503.2% | $1.2M+122.7% | -$5.5M-170.7% | $7.7M+454.8% | -$2.2M |
| Investing Cash Flow | -$4K+87.7% | -$30K+33.6% | -$46K+34.7% | -$70K+87.3% | -$552K-415.1% | -$107K-236.0% | -$32K+76.1% | -$134K |
| Financing Cash Flow | $1.4M+61.0% | $892K-66.2% | $2.6M+47.6% | $1.8M+36.7% | $1.3M-78.5% | $6.1M+188.8% | -$6.9M-457.9% | $1.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -65.6%+22.3pp | -87.9%+91.9pp | -179.8%-49.6pp | -130.2%-73.3pp | -56.9%-6.5pp | -50.4%-34.5pp | -16.0% | N/A |
| Return on Equity | -221.6%-108.5pp | -113.2%-50.5pp | -62.7%-5.3pp | -57.3%-31.6pp | -25.7%-6.7pp | -19.1%-8.3pp | -10.7% | N/A |
| Return on Assets | -12.7%-0.7pp | -11.9%+0.5pp | -12.4%+2.3pp | -14.7%-5.4pp | -9.3% | N/A | N/A | N/A |
| Current Ratio | 1.68+0.2 | 1.44-0.2 | 1.61-0.1 | 1.73-0.1 | 1.86 | N/A | N/A | 2.04 |
| Debt-to-Equity | 1.74+0.8 | 0.92+0.5 | 0.46+0.1 | 0.35+0.1 | 0.23 | N/A | N/A | 0.17 |
| FCF Margin | -14.7%+10.7pp | -25.4%+83.3pp | -108.7%-10.6pp | -98.1%-113.3pp | 15.2%+79.9pp | -64.7%-108.7pp | 44.0% | N/A |
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Frequently Asked Questions
What is GreenPower Mtr Co Inc's annual revenue?
GreenPower Mtr Co Inc (GP) reported $39.3M in total revenue for fiscal year 2024. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is GreenPower Mtr Co Inc's revenue growing?
GreenPower Mtr Co Inc (GP) revenue declined by 1.1% year-over-year, from $39.7M to $39.3M in fiscal year 2024.
Is GreenPower Mtr Co Inc profitable?
No, GreenPower Mtr Co Inc (GP) reported a net income of -$18.3M in fiscal year 2024, with a net profit margin of -46.7%.
How much debt does GreenPower Mtr Co Inc have?
As of fiscal year 2024, GreenPower Mtr Co Inc (GP) had $1.2M in cash and equivalents against $4.0M in long-term debt.
What is GreenPower Mtr Co Inc's net profit margin?
GreenPower Mtr Co Inc (GP) had a net profit margin of -46.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is GreenPower Mtr Co Inc's return on equity (ROE)?
GreenPower Mtr Co Inc (GP) has a return on equity of -158.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is GreenPower Mtr Co Inc's free cash flow?
GreenPower Mtr Co Inc (GP) generated -$1.5M in free cash flow during fiscal year 2024. This represents a 90.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is GreenPower Mtr Co Inc's operating cash flow?
GreenPower Mtr Co Inc (GP) generated -$1.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are GreenPower Mtr Co Inc's total assets?
GreenPower Mtr Co Inc (GP) had $45.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are GreenPower Mtr Co Inc's capital expenditures?
GreenPower Mtr Co Inc (GP) invested $362K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is GreenPower Mtr Co Inc's current ratio?
GreenPower Mtr Co Inc (GP) had a current ratio of 1.73 as of fiscal year 2024, which is generally considered healthy.
What is GreenPower Mtr Co Inc's debt-to-equity ratio?
GreenPower Mtr Co Inc (GP) had a debt-to-equity ratio of 0.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is GreenPower Mtr Co Inc's return on assets (ROA)?
GreenPower Mtr Co Inc (GP) had a return on assets of -40.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is GreenPower Mtr Co Inc's cash runway?
Based on fiscal year 2024 data, GreenPower Mtr Co Inc (GP) had $1.2M in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is GreenPower Mtr Co Inc's Piotroski F-Score?
GreenPower Mtr Co Inc (GP) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are GreenPower Mtr Co Inc's earnings high quality?
GreenPower Mtr Co Inc (GP) has an earnings quality ratio of 0.06x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is GreenPower Mtr Co Inc?
GreenPower Mtr Co Inc (GP) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.