NeoVolta Reported Fiscal Year 2026 Financial Results
The San Diego-based company increased annual revenue despite significant losses in the fourth quarter.
Updated on Sept. 23, 2026 in Corporate Finance
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NeoVolta Inc. announced its fiscal year 2026 results, showing a 58% revenue increase to $13.3 million alongside a $21.5 million net loss. The company also secured a $20 million term loan to support production expansion.
Why it matters
The company has transitioned into a multi-market platform through a new manufacturing joint venture and strategic supply deals. Financial performance was hampered in the fourth quarter by shifts in federal tax laws and expenses tied to credit losses.
NeoVolta reported fiscal year 2026 revenue of $13.3 million, marking a 58% increase compared to the prior period. The firm held $25.4 million in total cash and restricted cash as of June 30, 2026.
The players
NeoVolta Inc.
This San Diego-based company specializes in energy storage solutions.
SK On
This global company is a major battery manufacturer that will supply 9 GWh of cells to NeoVolta Power.
Jing Nealis
Jing Nealis serves as the Chief Financial Officer after being appointed to the role on May 18, 2026.
Infinite Grid Capital
This firm has entered a binding agreement with NeoVolta Power to supply storage systems for upcoming data center projects.
The details
NeoVolta Power LLC is scaling operations via a new manufacturing joint venture and a binding agreement with Infinite Grid Capital to provide battery energy storage systems for data centers. The company also finalized a senior secured term loan facility providing $20 million in initial capital to fund its production ramp.
Timeline
May 2026 marked the completion of a public offering.
June 30, 2026, was the close of the company's fiscal year.
August 31, 2026, was the official announcement of the SK On collaboration.
September 23, 2026, was the date of the earnings conference call.
The SK On cell supply period runs from 2027 through 2031.
Market Landscape
The firm is aligning with the broader industry trend of vertical integration to secure supply chains for large-scale energy projects. This move aims to insulate the company from regional market fluctuations by diversifying its footprint across new manufacturing and datacenter sectors.
The company’s shift toward large-scale data center projects may signal changes in product availability for smaller residential markets. Investors should monitor the impact of the new debt facility and tax law adjustments on the company's long-term stock stability.
The takeaway
The company is banking on long-term supply partnerships and infrastructure projects to overcome short-term revenue declines. Operational efficiency during the 2027 production ramp will be a key indicator of its ability to scale toward its 8 GWh capacity goal.
What happens next
The Pendergrass manufacturing facility is scheduled to begin its production ramp-up in the second quarter of fiscal year 2027.
Further reading
For more on industry financial trends, visit Corporate Finance.
More information
View full financial disclosures on the Company investor relations website.
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