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NeoVolta Inc

neovolta.com

What Do They Do?

Sells energy storage systems for homes and small businesses, and is developing storage offerings for commercial, industrial and utility customers.

How Do They Make Money?

Wholesale dealers and installers buy NeoVolta’s energy storage products, and the sale is tied to delivering the products to the customer.

FY2026 revenue

Who Are Their Customers?

NeoVolta sells to wholesale dealers and installers in California and several other states. Residential and small-commercial products reach buyers through certified solar installers and regional and national distributors.

Customers above 10% of revenue, FY2026
of revenue from three customers (39%, 15%, 11%)
FY2025: 64% from two customers

Do Revenues Turn Into Profits?

No. It lost $21.5M in FY2026.

Operating income, FY2026
−136% of revenue
▲ +285% (Loss) vs FY2025 (−$4.7M, −56%)
Net income, FY2026
−161% of revenue
▲ +326% (Loss) vs FY2025 (−$5M, −60%)

How Are They Changing?

Growing. Revenue grew 3.0x in 4 years, from $4.5M in FY2022 to $13.3M in FY2026, about 31% a year.

Utility-scale manufacturing Earlier, the business description centered on residential and commercial storage systems and framed other commercial applications as future opportunities. The latest report adds utility-scale battery manufacturing through a joint venture and a Georgia plant planned to supply batteries to customers.

Who Do They Compete With?

Competes with Tesla, LG Chem, Sonnen, Enphase, SunPower, Sunrun, and Fluence

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