PR Newswire·Feb 12, 2026, 7:58 PM ET

GreenPower Reports Revenue of $8.5 million and Net Income of $4.2 million for Third Quarter

GreenPower Motor Company reported revenue of $8.5 million & net income of $4.2 million for the period ended December 31, 2025.
The company shifted its production strategy from building EVs on spec to a model driven by customer orders, requiring recapitalization & retooling.
Revenue for the third quarter of fiscal 2026 increased from $7.2 million the prior year, with gross profit on vehicle sales at approximately 28%.
Total sales, general & administrative costs dropped to $2.4 million from $5.2 million in the previous year, excluding non-cash items.
Working capital exceeded $5 million, & the company secured a New Mexico school bus pilot contract worth over $5 million for deploying zero-emission buses.
GreenPower raised gross proceeds of $1,120,050 from issuing Series A convertible preferred shares, with rights for additional tranches up to $16 million.
Subsequent to the quarter, the company closed on $5 million in term loans, established a banking relationship with CIBC, & exchanged related party loans for convertible debentures & Series B preferred shares.