NeoVolta Q2 Revenue Soars 334%, Launches 2 GWh Georgia JV
NeoVolta posted Q2 FY2026 revenue of $4.6 million, a 334% increase year-over-year, but reported a net loss of $5.5 million driven by higher share-based compensation and inventory investments. The company closed the Neubau Energy acquisition, launched the NVWAVE modular battery platform and formed a 60%-owned 2 GWh Georgia manufacturing JV.
1. Q2 Fiscal 2026 Financial Results
NeoVolta reported revenue of $4.6 million for Q2 FY2026, up 334% from $1.1 million in Q2 FY2025, and six-month revenue of $11.3 million, up 580%. Gross profit was $0.8 million (17% margin) and net loss totaled $5.5 million, or $0.16 per share, driven by higher share-based compensation and inventory investments.
2. Strategic Asset Acquisition and NVWAVE Launch
In October 2025 NeoVolta closed the acquisition of Neubau Energy assets, securing the NVWAVE modular battery platform with plug-and-play 10–15 kWh modules that install 75% faster and stack to 60 kWh. Shipments began in January 2026, targeting enhanced margins through simplified U.S. production.
3. Georgia Manufacturing Joint Venture
In January 2026 NeoVolta formed NeoVolta Power, LLC, a 60% owned joint venture in Pendergrass, Georgia, with initial annual production capacity of 2 GWh scalable to 8 GWh. The facility will focus on utility-scale (75%) and C&I (25%) markets, qualifying for domestic tax incentives.