GreenPower Motor Company

Auto - Manufacturers · Consumer Cyclical

Price

$1.64

+0.03 (+1.86%)

Market Cap

$5.0M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Good

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Share count falling — buybacks

−84.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 21.9M (2022) → 3.5M (2026)

Winston Score History

The full picture

GreenPower Motor Company builds electric buses and other electric vehicles. Its main products include school buses, transit buses, and shuttle vehicles. The company sells primarily to school districts, transit agencies, and government fleets across the United States and Canada.

GreenPower makes money by selling its vehicles directly to customers, often supported by government grants and incentives that help buyers afford the upfront cost. The company is small, with a market cap under $100 million, and competes against much larger manufacturers like Blue Bird and Lion Electric. It currently loses money on an operating basis, meaning it spends more running the business than it earns. The biggest risk is that GreenPower depends heavily on government funding programs — if electric vehicle subsidies are cut or delayed, demand for its buses could slow significantly and make it harder for the company to reach profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-10.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-185.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$701,369/ year

↓ Declining (-48% vs prior year)

4.3% of revenue

In line with sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

27.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$328,086 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

GreenPower Motor Company has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

32.9%

Modest — 32.9% gross margin

Profit after running costs

Operating Margin

-367.3%

Losing money on operations — -367.3%

Return on the money invested

ROCE

2.6%

Weak — 2.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-17.0%

Shrinking sales (-17.0% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-39.6%

Burning cash (-39.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

6.39

Heavy debt load (6.39)

Covers its interest

Interest Cover

0.16x

Dangerous — barely covers interest (0.2x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

4.3x

Attractive valuation — P/E 4.3

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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