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E-power Inc. (EPOW) stock

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NASDAQ: EPOW Nasdaq Electrical Components & Equipment

D Fundamentals grade

E-power Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for E-power Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: noncontrolling ownership requires a separate cash-flow valuation. We'll show the comparison once resolved.

E-power Inc. valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter E-power files

Where E-power stands after its latest Filing

Revenue for the twelve months was $46m, down 28.6% on a year earlier, against growth of 44.3% a quarter earlier. That puts it 54 of 57 for growth among the electrical components & equipment companies we cover. Free-cash-flow margin rose to -68.0% from -89.2% a year earlier. Operating margin widened to -34.5% from -100.0%. The diluted share count is up 10.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 5 financial-health checks.

Our model value for E-power is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

E-power Inc.'s trailing-twelve-month revenue fell 28.6% year on year, with a free-cash-flow margin of -68.0%. Where it lags: revenue growth of -28.6% ranks 54 of 57 electrical components & equipment companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 303.6% while net income fell 41.3%: a 262pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in E-power Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 28.6% over the last 12 months.
  • Growth slowing. The growth rate is 72.9 points lower than a quarter earlier.
  • Loss-making. Operating margin is -34.5%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 9.0 points on a year ago.
  • Burning cash. Free cash flow was -68.0% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 10.0% in a year.

Price chart

  • 1 day-8.9%
  • 1 week+4.8%
  • 1 month-2.6%
  • This year-83.2%
  • 1 year-85.8%
  • 5 years-92.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$46.4M
Operating margin
-34.5%
Net margin
-35.8%
EPS (TTM, diluted)
$-0.57

Growth

Revenue growth
−28.6%
Change in growth rate
−72.9 pts
Share count change
+10.0%

Cash

Free cash flow (TTM)
-$31.6M
FCF margin
-68.0%
Stock pay % of revenue
0.7%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for EPOW from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

E-power Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: noncontrolling ownership requires a separate cash-flow valuation.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025
Share price$29.00$68.25$27.00$21.60$24.50
Market value$686m$1.7bn$692m$570m$712m
+ Net debt (− = net cash)−$9m$15m$10m$42m$53m
Enterprise value$676m$1.7bn$701m$612m$765m
Multiples
Price / sales 92.5x44.4x15.4x8.8x15.3x
Price / earnings —————
Price / free cash flow —————
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for E-power Inc.: too few analysts cover it.

Positioning

Short interest
0.3%
of tradable shares
Days to cover
0.21
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
13%
of shares
Held by insiders
12.4%
of shares
Employees
17
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20222023202420252026 to date
Return
EPOW+135%−60%−20%+13%−83%
Industry peers (median)−34%−16%−7%+12%−35%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
EPOW75%33%42%67%18%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
EPOW−49%−78%−49%−39%−89%
S&P 500−25%−10%−8%−19%−9%

Worst fall since February 9, 2021: 98% from February 9, 2021 to October 14, 2026. Getting back needed a 4701% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.77 – $31.00
From 52-week high
−86.7%
vs 50-day average
−32.3%
vs 200-day average
−71.5%
Volatility (1 year)
106%
Beta vs S&P 500
0.27

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

E-power Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) E-power Inc.
$0 $20M $40M $60M $80M FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY18 Q4: $13.5M Revenue (TTM), FY19 Q4: $17.9M Revenue (TTM), FY20 Q4: $23.2M Revenue (TTM), FY21 Q4: $7.4M Revenue (TTM), FY22 Q4: $38.1M Revenue (TTM), FY23 Q4: $45.1M Revenue (TTM), FY24 Q4: $65M Revenue (TTM), FY25 Q4: $46.4M $46.4M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY18 Q4 $13.5M
FY19 Q4 $17.9M
FY20 Q4 $23.2M
FY21 Q4 $7.4M
FY22 Q4 $38.1M
FY23 Q4 $45.1M
FY24 Q4 $65M
FY25 Q4 $46.4M
Revenue growth, TTM YoY E-power Inc.
-200% 0% 200% 400% 600% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY19 Q4: 32.4% Revenue growth, TTM YoY, FY20 Q4: 29.3% Revenue growth, TTM YoY, FY21 Q4: -68.0% Revenue growth, TTM YoY, FY22 Q4: 414.6% Revenue growth, TTM YoY, FY23 Q4: 18.2% Revenue growth, TTM YoY, FY24 Q4: 44.3% Revenue growth, TTM YoY, FY25 Q4: -28.6% -28.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY19 Q4 32.4%
FY20 Q4 29.3%
FY21 Q4 -68.0%
FY22 Q4 414.6%
FY23 Q4 18.2%
FY24 Q4 44.3%
FY25 Q4 -28.6%
Operating margin (TTM) E-power Inc.
-150% -100% -50% 0% 50% 100% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY18 Q4: 64.3% Operating margin (TTM), FY19 Q4: 60.1% Operating margin (TTM), FY20 Q4: 63.5% Operating margin (TTM), FY21 Q4: -100.0% Operating margin (TTM), FY22 Q4: -49.3% Operating margin (TTM), FY23 Q4: -67.8% Operating margin (TTM), FY24 Q4: -25.5% Operating margin (TTM), FY25 Q4: -34.5% -34.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY18 Q4 64.3%
FY19 Q4 60.1%
FY20 Q4 63.5%
FY21 Q4 -100.0%
FY22 Q4 -49.3%
FY23 Q4 -67.8%
FY24 Q4 -25.5%
FY25 Q4 -34.5%
FCF margin (TTM) E-power Inc.
-150% -100% -50% 0% 50% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY18 Q4: 42.2% FCF margin (TTM), FY19 Q4: 6.0% FCF margin (TTM), FY20 Q4: 23.0% FCF margin (TTM), FY21 Q4: -89.2% FCF margin (TTM), FY22 Q4: -139.8% FCF margin (TTM), FY23 Q4: -28.3% FCF margin (TTM), FY24 Q4: -12.0% FCF margin (TTM), FY25 Q4: -68.0% -68.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY18 Q4 42.2%
FY19 Q4 6.0%
FY20 Q4 23.0%
FY21 Q4 -89.2%
FY22 Q4 -139.8%
FY23 Q4 -28.3%
FY24 Q4 -12.0%
FY25 Q4 -68.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 14 18 23 7 38 45 65 46
Gross profit — — 20 4 −1 −12 −6 −6
EBITDA 9 11 16 −6 −17 −27 −12 −10
Operating income 9 11 15 −7 −19 −31 −17 −16
Net income 7 10 12 −8 −23 −24 −12 −17
Diluted EPS $0.45 $0.58 $0.72 −$0.36 −$0.98 −$1.08 −$0.48 −$0.57
Growth (year on year)
Revenue — +32.4% +29.3% −68.0% +414.6% +18.2% +44.3% −28.6%
EBITDA — +25.5% +42.5% −141.2% — — — —
Operating income — +23.8% +36.7% −150.3% — — — —
Net income — +30.4% +24.0% −169.5% — — — —
Diluted EPS — +28.9% +24.1% −150.0% — — — —
Margins
Gross margin — — 87.1% 47.5% −3.5% −27.5% −8.9% −12.6%
EBITDA margin 64.4% 61.0% 67.3% −86.7% −43.9% −59.0% −18.0% −22.3%
Operating margin 64.3% 60.1% 63.5% −100.0% −49.3% −67.8% −25.5% −34.5%
Net margin 55.2% 54.4% 52.1% −113.4% −59.4% −53.8% −18.1% −35.8%
Free-cash-flow margin 42.2% 6.0% 23.0% −89.2% −139.8% −28.3% −12.0% −68.0%
Cash flow
Cash from operations 6 1 7 −5 −10 −7 −5 −25
Capital spending 0 0 2 1 44 5 2 6
Free cash flow 6 1 5 −7 −53 −13 −8 −32
Stock-based pay — — — — 3 2 1 0
Free cash flow after stock pay — — — — −56 −15 −9 −32
Balance sheet
Cash 12 9 11 14 2 1 1 22
Total debt 0 2 2 5 16 11 43 75
Net debt (negative = net cash) −12 −8 −9 −9 15 10 42 53
Diluted shares 17m 17m 17m 24m 25m 26m 26m 29m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · December 31, 2025
What it owns · $156m
Short-term assets $72mLonger-term assets $84m
What it owes, and who funded it · $141m
Short-term liabilities $101mLonger-term liabilities $40mShareholders' equity $-12m
  • Short-term assets cover short-term liabilities $72m of assets due within a year against $101m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $72m short-term assets against $40m of longer-dated liabilities.
  • More cash than debt $22m of cash against $69m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$25m of operating cash flow against $69m of debt.
  • Operating profit covers interest at least five times over Operating income of −$16m against $1m of interest.

From E-power Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+10.0%
year over year
R&D spending
4.2%
of revenue
Days sales outstanding
78 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated EPOW FLUX DFLI ENVX ELVA CETX Median
Revenue, last 12 months $46m $42m $52m $36m $64m $71m $154m
Revenue growth, last 12 months −28.6% −36.6% −4.9% 34.9% 43.1% −6.5% 10.6%
Revenue growth, 3-year average — −14.1% −15.0% 213.5% — 9.3% 9.2%
Revenue growth, latest quarter — −50.7% −19.0% 20.8% — 8.7% 10.2%
Gross margin −12.6% 30.2% 25.4% 18.8% 30.9% 38.2% 29.3%
Operating margin −34.5% −15.4% −43.6% −496.5% — −10.3% −17.7%
Operating margin, 3-year average — −11.3% −42.0% −928.2% — −5.4% −32.6%
Net margin −35.8% −17.7% −129.4% −473.9% 5.3% −38.4% −23.4%
Cash from operations / revenue −54.2% −14.0% −55.4% −299.3% 2.7% −11.5% −6.5%
Free-cash-flow margin −68.0% −15.3% −57.3% −346.2% 0.3% −13.5% −11.0%
Free-cash-flow margin, 3-year average — −8.2% −41.7% −699.0% — −6.8% −6.8%
Stock pay / revenue 0.7% 2.3% 1.7% 133.9% 2.8% 0.0% 2.5%
Change in share count 10.0% 18.6% — 7.2% 15.3% 7.3% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth -28.6% 10.6% 54 of 57
Change in growth rate Growth -72.9pp +0.0pp 54 of 57
Gross margin Profitability -12.6% 29.3% 49 of 54
Operating margin Profitability -34.5% -20.0% 32 of 53
Net margin Profitability -35.8% -23.4% 34 of 57
Free-cash-flow margin Cash generation -68.0% -8.8% 46 of 56
Stock pay as % of revenue Cash generation 0.7% 2.8% 13 of 50
Long-term debt as % of assets Balance sheet 25.3% 17.8% 26 of 40
Change in share count Balance sheet 10.0% 10.0% 24 of 46
Days sales outstanding Balance sheet 78 days 72 days 29 of 50

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

13F filings for June 30, 2026
Reported value
$51,251
Institutions reporting
3
Shares held vs prior quarter
▼ 40.9%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Xtx Topco Ltd $29,530 48K 57.6% ▲ 153.6%
Citadel Advisors LLC $17,673 29K 34.5% New
UBS Group AG $4,048 7K 7.9% ▲ 709.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not E-power Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on E-power Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

E-power Inc. in brief

What does E-power Inc. do?
E-power Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
What is E-power Inc.'s stock ticker?
E-power Inc. trades under the ticker EPOW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is E-power Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, E-power Inc. reported revenue of $46.4M, 28.6% lower than a year earlier, according to its SEC filings.
What is E-power Inc.'s free cash flow?
E-power Inc.'s free-cash-flow margin is -68.0% of revenue over the trailing twelve months, ranking 46 of the 56 electrical components & equipment companies we cover.
Who are E-power Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Xtx Topco Ltd, Citadel Advisors LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is E-power Inc.'s market cap?
On December 31, 2025, E-power Inc.'s market capitalisation was about $712M and net debt of $53M. Market figures come from third-party market data and may be delayed.
Who are E-power Inc.'s competitors?
In our Electrical Components & Equipment peer group, the companies closest to E-power Inc. are Flux Power Holdings, Inc., Dragonfly Energy Holdings Corp., Enovix Corp, Electrovaya Inc. and Cemtrex Inc. The side-by-side comparison below sets their revenue, margins and growth against E-power Inc.'s.