Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data PHOENIX MOTOR INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2022
FY2023
FY2024
Revenue
2.98
4.33
3.12
31.2
Cost of revenue
3.54
3.51
3.4
24.1
Gross profit
-0.56
0.82
-0.28
7.06
Selling, general and administrative
13.8
14
14.9
33.8
Operating income
-14.3
-13.2
-20.5
-31
Interest expense
0
0.15
0.13
Other non-operating income
-0.29
0.45
-0.12
42.4
Pre-tax income
-14.6
-12.7
-20.6
11.4
Income tax
0.01
0.01
0.02
3.49
Net income
-14.6
-12.7
-20.6
7.93
EBITDA
-12.6
-11.6
-19.3
-29.1
EPS, basic
-0.84
-0.65
-0.97
0.22
EPS, diluted
-0.84
-0.65
-0.97
0.21
Shares, basic (weighted)
17.5
19.7
21.2
35.5
Shares, diluted (weighted)
17.5
19.7
21.2
36.6
Balance sheet
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
2.68
0.14
0.03
0.76
Receivables
1.2
1.51
0.45
4.02
Inventory
2.23
4.56
1.8
40.8
Other current assets
0.08
0.03
0.04
0.02
Total current assets
6.64
7.72
6.02
52
Property, plant and equipment
2.21
2.49
1.12
3.78
Lease right-of-use assets
3.8
1.72
Goodwill
4.27
4.27
4.27
Intangible assets
2.32
1.7
Total assets
15.4
20.4
11.6
57.6
Accounts payable
1.79
1.36
3.53
4.27
Accrued liabilities
0.78
0.65
0.93
6.69
Deferred revenue
0.8
1.23
0.17
1.49
Short-term debt
0.01
0
0.01
0
Total current liabilities
4.45
4.79
10.9
26.2
Long-term debt
0.76
0.15
0.14
0.14
Lease liabilities
3.23
2.7
1.24
Total liabilities
5.21
8.16
16.5
47.3
Total debt
0.77
0.15
0.15
0.14
Paid-in capital
26.1
40.8
44.4
51.6
Retained earnings
-15.9
-28.6
-49.2
-41.3
Shareholders' equity
10.2
12.3
-4.84
10.3
Total equity
10.2
12.3
-4.84
10.3
Total liabilities and equity
15.4
20.4
11.6
57.6
Shares outstanding
17.5
20.3
21.9
8.53
Cash flow statement
FY2022
FY2022
FY2023
FY2024
Net income
-14.6
-12.7
-20.6
30.3
Depreciation and amortization
1.69
1.58
1.19
1.84
Stock-based compensation
0.05
1.05
0.04
0.07
Change in receivables
-0.14
-0.31
1.15
-3.56
Change in inventory
-1.37
-2.53
1.75
17.5
Cash from operations
-12.9
-14.9
-3.65
-1.95
Capital expenditures
-0.64
-1.28
-0.09
-0.11
Acquisitions
-10
Cash from investing
-0.64
-1.01
-0.09
-10.1
Debt issued
0.59
0.96
4.98
Debt repaid
-0.03
-0.03
-0
-4.94
Stock issued
0.03
1.92
Cash from financing
0.56
13.6
6.64
9.54
Net change in cash
-13
-2.29
2.89
-2.52
Free cash flow
-13.6
-16.2
-3.75
-2.06
Interest paid
0.01
0.01
0.15
2.01
Income taxes paid
0
0
0.02
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
31.2%
Gross profit / revenue.
Operating margin
-73.3%
Operating income / revenue.
EBITDA margin
-61.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-45.5%
Pre-tax income / revenue.
Net margin
-100.3%
Net income / revenue.
Operating cash flow margin
-33.8%
Cash from operations / revenue.
Return on equity (ROE)
-274.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-28.3%
Net income / average total assets.
Return on invested capital (ROIC)
-166.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
104.5%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
4.5%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
11.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
897.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
118.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 3y
0.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
394.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
55.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
72.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
27.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.50x
Current assets / current liabilities.
Quick ratio
0.12x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.0%
Total debt / total assets.
Liabilities / assets
89.7%
Total liabilities / total assets.
Net debt
-$273.0K
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.18
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.17
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.40
Cash from operations / diluted weighted shares.
Book value per share
$0.42
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.00x
Market cap / revenue.
P/B
0.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.00x
Market cap / tangible book value, when positive.
Earnings yield
-113,604.0%
Net income / market cap (the inverse of P/E).
What was PHOENIX MOTOR INC.'s revenue in fiscal 2024?
PHOENIX MOTOR INC. reported revenue of $31.2M for fiscal 2024, 897.9% higher than the year before.
Was PHOENIX MOTOR INC. profitable in fiscal 2024?
Yes. Net income was $7.9M, a net margin of 25.5%.
How much free cash flow did PHOENIX MOTOR INC. generate in fiscal 2024?
Cash from operations of $1.9M minus capital expenditures of $113.0K left free cash flow of -$2.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.