Envirotech Vehicles, Inc.

EVTV NASDAQ Categories PDF
Consumer Cyclical · Auto - Manufacturers
Osceola, AR 72370, United States IPO 2017 evtvusa.com Updated Jul 7, 1:10am
Price
$1.97
Market Cap
$6.7M
Employees
22
Beta
0.86
Avg Volume
550,025
CEO
Phillip W. Oldridge

Based in Osceola, Arkansas, Envirotech Vehicles, Inc. supplies zero-emission electric vehicles throughout the United States. Additionally, the firm provides comprehensive upkeep and diagnostic inspection services for these vehicles. Their extensive clientele spans commercial and last-mile delivery fleets, school districts, both public and private transportation entities, and higher education institutions. This company was formerly known as ADOMANI, Inc., before officially adopting its current name, Envirotech Vehicles, Inc., in May 2021.

Runs with full report
Price Overview
Last updated: Jul 7, 2026 3:45am (just now)
Current data · timestamped when a report runs
$1.97
Change · Jul 7
+0.30 (+17.96%)
Day Range
$1.66 – $1.98
52-Week Range
$0.33 – $5.07
50-Day MA
$1.87
200-Day MA
$1.65
Volume
762,535.00
Share Structure
Outstanding 3,391,780.00
Float 2,837,896.00
Free Float 83.7%
High free float — 83.7% of shares trade freely, ~16.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (2.8M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Last updated: Jul 7, 2026 1:10am (2h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jul 7, 2026 1:10am (2h ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.17
Stock Price: $1.97
EPS (Diluted): -11.54
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
-0.65
Stock Price: $1.97
Total Equity: -$8.93M
Shares: 16,209,111
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-0.34
Market Cap: $6.68M
Total Debt: $505,759
Cash: $358,966
EBITDA: -$24.32M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$6.5M
Market Cap: $6.68M
Total Debt: $505,759
Cash: $358,966
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
0.98
Stock Price: $1.97
Revenue: $5.94M
Shares: 16,209,111
EV/Sales (Total value vs revenue — works when P/E can't)
API
1.10
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
-136.7%
Gross Profit: -$8.12M
Revenue: $5.94M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-425.6%
Operating Income: -$25.28M
Revenue: $5.94M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-658.8%
Net Income: -$39.13M
Revenue: $5.94M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
1,246.0%
Net Income: -$39.13M
Total Equity: -$8.93M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
830.0%
Operating Income: -$25.28M
Tax Rate: 0.0%
Equity: -$8.93M
Total Debt: $505,759
Cash: $358,966
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
0.26
Current Assets: $3.48M
Current Liabilities: $13.29M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
-0.06
Short-Term Debt: $505,759
Long-Term Debt: $0.00
Total Debt: $505,759
Total Equity: -$8.93M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.37
Revenue: $5.94M
Shares: 16,209,111
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$-0.55
Total Equity: -$8.93M
Shares: 16,209,111
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.36
Operating CF: -$5.59M
CapEx: -$176,828
Shares: 16,209,111
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.97
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$39.13M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares EVTV against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 7, 2026 1:10am (2h ago)
Metric 2021 2022 2023 2024 2025
Revenue $2.0M $4.5M $2.9M $1.9M $5.9M
Cost of Revenue $1.3M $2.8M $1.9M $1.4M $14.1M
Gross Profit $761,376 $1.7M $1.0M $488,803 -$8.1M
Operating Expenses $8.5M $8.5M $13.7M $8.4M $17.2M
Operating Income -$7.7M -$43.8M -$12.7M -$7.9M -$25.3M
Net Income -$7.7M -$43.8M -$12.7M -$8.8M -$39.1M
EBITDA -$7.0M -$6.7M -$7.5M -$7.7M -$24.3M
EPS $-0.67 $-2.92 $-0.84 $-0.55 $-11.54
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jul 7, 2026 1:10am (2h ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $4.8M $2.8M $456,719 $1.9M $358,966
Total Current Assets $23.0M $18.3M $12.1M $17.6M $3.5M
Total Assets $75.3M $33.5M $22.7M $32.7M $4.7M
Current Liabilities $1.6M $1.5M $1.8M $11.7M $13.3M
Long-Term Debt $13,245 $16,671 $10,420 $4,168 $0
Total Liabilities $1.6M $1.5M $2.0M $11.7M $13.6M
Total Equity $73.7M $32.0M $20.6M $20.9M -$8.9M
Retained Earnings -$8.1M -$51.9M -$64.6M -$73.5M -$112.6M
Cash Flow (Annual)
Last updated: Jul 7, 2026 1:10am (2h ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$12.9M -$7.4M -$4.2M -$3.5M -$5.6M
Capital Expenditure $-27,958 $-168,583 $-35,810 $-430,333 $-176,828
Free Cash Flow -$13.0M -$7.6M -$4.3M -$3.9M -$5.8M
Acquisitions (net) $3.4M -$5.7M $0 -$4.3M $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $3.0M -$2.1M -$2.4M $1.5M -$1.6M
Analyst Estimates (Annual)
Last updated: Jul 7, 2026 1:10am (2h ago)
Metric 2022 2023 2024 2025
Revenue $15.0M
$15.0M – $15.0M
$40.0M
$40.0M – $40.0M
$60.0M
$60.0M – $60.0M
$90.0M
$90.0M – $90.0M
EBITDA -$15.0M
-$15.0M – -$15.0M
-$40.0M
-$40.0M – -$40.0M
-$60.0M
-$60.0M – -$60.0M
-$90.0M
-$90.0M – -$90.0M
Net Income -$64.8M
-$64.8M – -$64.8M
$0 $64.8M
$64.8M – $64.8M
$129.7M
$129.7M – $129.7M
EPS
Growth Trends (YoY %)
Last updated: Jul 7, 2026 1:10am (2h ago)
Metric 2022 2023 2024 2025
Revenue Growth +120.5% -36.4% -34.7% +217.6%
Gross Profit Growth +127.5% -41.9% -51.4% -1,760.9%
Operating Income Growth -467.7% +71.0% +37.7% -219.1%
Net Income Growth -472.4% +71.0% +30.2% -342.2%
EBITDA Growth +4.5% -12.5% -3.2% -214.6%
Insider Trading (Recent)
Last updated: Jul 7, 2026 1:10am (2h ago)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-05-22 Elk Terri White A-Award 50,000.00 $2.19 $109,500
2026-05-22 OLDRIDGE PHILLIP A-Award 490,000.00 $2.19 $1.1M
2026-05-22 Di Pietro Michael A A-Award 50,000.00 $2.19 $109,500
2026-05-22 Maddox Jason A-Award 310,000.00 $2.19 $678,900
2026-05-22 Tracy Elgin A-Award 310,000.00 $2.19 $678,900
2024-12-31 Maddox Jason 0.00 $0.00 $0
2024-12-31 Maddox Jason 0.00 $0.00 $0
2024-12-31 Maddox Jason 0.00 $0.00 $0
2025-03-10 Alpert Merrick 400,000.00 $0.25 $100,000
2025-03-10 Elk Terri White A-Award 100,000.00 $0.25 $25,000
2025-03-10 Elk Terri White A-Award 100,000.00 $0.25 $25,000
2025-03-10 Tracy Elgin A-Award 1,000,000.00 $0.25 $250,000
2025-03-10 OLDRIDGE PHILLIP A-Award 1,000,000.00 $0.25 $250,000
2025-03-10 Maddox Jason A-Award 1,000,000.00 $0.25 $250,000
2025-03-10 Di Pietro Michael A A-Award 100,000.00 $0.25 $25,000
2025-03-10 Di Pietro Michael A A-Award 100,000.00 $0.25 $25,000
2025-03-10 Barcellos Melissa A-Award 100,000.00 $0.25 $25,000
2025-03-10 Barcellos Melissa A-Award 100,000.00 $0.25 $25,000
2025-01-01 Miller William Charlton A-Award 100,000.00 $1.21 $121,000
2025-01-01 Miller William Charlton 0.00 $0.00 $0
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for EVTV — it's generated by the pipeline (market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v20260706-213327 · 1f28e06c · 2026-07-06 21:33:45