VIVO Nasdaq Electric & Other Services Combined Financials FY2016βFY2025
VivoPower PLC had $0.1M of revenue in fiscal 2025, up 281.3% on the year before. Over five years, revenue changed β71.6% a year on average.
Hi! I read VivoPower PLCβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+281.3%
Yes. Sales grew 281.3% last year.
Does it make a profit?
β20,970.5%
No. It lost money last year.
Does profit turn into cash?
β11,039.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· VivoPower PLC had $0.1M of revenue in fiscal 2025, up 281.3% on the year before. Over five years, revenue changed β71.6% a year on average. Its operating margin was β14,300.0%, up 38,943.8Β pts: of every 100 in sales, about β14,300 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· VivoPower PLC lost $12.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$6.7M in fiscal 2025, β11,039.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· VivoPower PLC returned $0.3M to shareholders in fiscal 2025. The diluted share count rose 116.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· VivoPower PLC owes $29.1M more than it holds in cash.
Cash, debt and the ratios that show how comfortably VivoPower PLC can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $8.6M | $1.3M | $0.6M | $0.2M | $0.1M |
| Debt incl. finance leases | $23.1M | $28.6M | $32.4M | $29.1M | $29.2M |
| Debt / equity | 0.6x | 1.3x | 8.6x | β | 1.5x |
| Interest coverage | β2.0x | β1.8x | β1.7x | β1.4x | β1.2x |
| Current ratio | 1.8x | 0.9x | 0.5x | 0.3x | 1.3x |
| Quick ratio | 1.7x | 0.8x | 0.4x | 0.3x | 1.3x |
| Total assets | $76.5M | $69.7M | $61.4M | $37.4M | $97.1M |
| Total liabilities | $36.1M | $48.0M | $57.7M | $78.0M | $77.0M |
| Shareholders' equity | $40.4M | $21.6M | $3.7M | β$40.5M | $20.1M |
| Net debt (β = net cash) | $14.5M | $27.3M | $31.8M | $28.9M | $29.1M |
KIRA Β· Its return on capital was β14.0%: every 100 invested in the business earned about β14 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· VivoPower PLC passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 6 / 7 | 3 / 9 | 6 / 9 | 4 / 9 | 3 / 9 | 2 / 9 | 1 / 9 | 3 / 9 | 5 / 9 |
| Accruals ratio | β2.4% | β1.5% | β41.5% | β12.9% | β0.8% | 11.2% | β23.2% | β28.9% | β97.5% | β10.5% |
| Altman Z'' | β7.16 | 4.41 | β0.59 | β0.98 | β1.38 | β0.44 | β4.49 | β7.24 | β20.92 | β4.25 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | β | $32.3M | $33.6M | $39.0M | $33.1M | $24.0M | $10.2M | $4.1M | $0.0M | $0.1M |
| Gross profit | β | $27.3M | $5.1M | $6.3M | $5.4M | $4.4M | β$1.2M | β$4.1M | $0.0M | $0.0M |
| Operating income | β$0.3M | $17.3M | β$7.6M | β$5.4M | $2.3M | β$5.0M | β$14.9M | β$11.7M | β$8.5M | β$8.7M |
| Interest expense | $0.0M | $0.6M | $3.4M | $3.2M | $3.0M | $2.5M | $8.5M | $6.8M | $6.0M | $7.0M |
| Pretax income | β$0.3M | $10.9M | β$34.1M | β$10.7M | β$4.1M | β$8.2M | β$23.7M | β$19.5M | β$44.2M | β$15.1M |
| Income tax | β | $5.3M | β$6.3M | $0.6M | $0.7M | β$0.1M | β$1.1M | $0.6M | $1.6M | β$0.7M |
| Net income | β$0.3M | $5.6M | β$27.9M | β$11.2M | β$5.1M | β$7.6M | β$22.1M | β$24.4M | β$46.7M | β$12.8M |
| Net income to common | β | β | β | β$11.2M | β$5.1M | β$7.6M | β$22.1M | β$24.4M | β$46.7M | β$12.8M |
| Diluted EPS | β$0.05 | $0.73 | β$2.06 | β$0.83 | β$0.38 | β$0.49 | β$10.64 | β$9.87 | β$15.17 | β$1.92 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$0.1M | $6.4M | $8.9M | β$1.6M | β$4.6M | β$15.4M | β$5.1M | β$5.4M | $1.5M | β$5.7M |
| Capital expenditure | β | $0.1M | $1.1M | $0.3M | $0.9M | $0.9M | $1.2M | $1.0M | $0.6M | $1.0M |
| Free cash flow | β | $6.3M | $7.8M | β$1.9M | β$5.5M | β$16.3M | β$6.3M | β$6.5M | $0.9M | β$6.7M |
| Depreciation and amortization | β | $0.7M | $1.3M | $1.4M | $0.9M | $1.5M | $1.3M | $1.6M | β | β |
| Stock-based compensation | β | β | β | $0.0M | $0.0M | $1.1M | $2.0M | $0.1M | $0.8M | $4.0M |
| Acquisitions | β | $10.1M | β | $0.0M | $0.0M | $7.1M | $0.0M | $0.1M | β | β |
| Dividends paid | β | β | β | β | β | β | β | $0.2M | $0.2M | $0.3M |
| Dividends and buybacks | β | β | β | β | β | β | β | $0.2M | $0.2M | $0.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.0M | $11.0M | $1.9M | $7.1M | $2.8M | $8.6M | $1.3M | $0.6M | $0.2M | $0.1M |
| Total debt | $8.0M | $20.3M | $22.3M | $21.7M | $26.0M | $23.1M | $28.6M | $32.4M | $29.1M | $29.2M |
| Deposits | β | β | β | β | β | $0.5M | $0.5M | $0.0M | β | β |
| Current assets | $0.0M | $30.8M | $21.3M | $36.3M | $20.5M | $24.5M | $21.7M | $10.4M | $17.7M | $74.6M |
| Current liabilities | $8.2M | $12.2M | $20.6M | $29.1M | $19.7M | $13.4M | $23.3M | $18.9M | $54.1M | $55.3M |
| Inventory | β | β | β | $0.0M | $0.0M | $2.0M | $1.9M | $2.1M | $1.6M | $1.2M |
| Property and equipment, net | $0.0M | $2.2M | $1.9M | $3.0M | $2.5M | $2.6M | $3.7M | $3.7M | $0.4M | $1.5M |
| Goodwill | β | $30.4M | $24.5M | $22.4M | $21.9M | $25.8M | $18.3M | $17.7M | $1.6M | $1.8M |
| Intangible assets | β | $15.9M | $11.9M | $9.4M | $7.9M | $21.2M | $39.6M | $42.2M | $15.2M | $16.7M |
| Total assets | $7.9M | $101M | $76.3M | $73.1M | $62.4M | $76.5M | $69.7M | $61.4M | $37.4M | $97.1M |
| Total liabilities | $8.2M | $36.2M | $39.3M | $50.6M | $44.5M | $36.1M | $48.0M | $57.7M | $78.0M | $77.0M |
| Shareholders' equity | β$0.3M | $64.6M | $37.0M | $22.5M | $17.7M | $40.4M | $21.6M | $3.7M | β$40.5M | $20.1M |
| Margins | ||||||||||
| Gross margin | β | 84.6% | 15.2% | 16.2% | 16.4% | 18.2% | β11.9% | β100.8% | 268.8% | 18.0% |
| Operating margin | β | 53.7% | β22.6% | β13.9% | 6.9% | β20.9% | β146.7% | β289.5% | β53,243.8% | β14,300.0% |
| EBITDA margin | β | 55.7% | β18.8% | β10.2% | 9.7% | β14.9% | β133.7% | β250.5% | β | β |
| Net margin | β | 17.3% | β82.9% | β28.8% | β15.4% | β31.6% | β217.1% | β600.6% | β291,875.0% | β20,970.5% |
| FCF margin | β | 19.5% | 23.2% | β4.9% | β16.5% | β68.0% | β62.0% | β159.6% | 5,525.0% | β11,039.3% |
| Returns | ||||||||||
| Return on capital | β2.9% | 15.2% | β10.5% | β11.5% | 4.4% | β7.2% | β24.1% | β26.1% | β | β14.0% |
| Return on capital employed | 99.3% | 19.5% | β13.6% | β12.3% | 5.3% | β7.9% | β32.1% | β27.6% | 51.0% | β20.8% |
| Return on equity | β | 17.4% | β54.9% | β37.7% | β25.4% | β26.1% | β71.1% | β192.1% | β | β |
| Return on assets | β3.6% | 10.3% | β31.5% | β15.0% | β7.5% | β10.9% | β30.2% | β37.2% | β94.5% | β19.0% |
| Return on tangible equity | β | 30.5% | β4,638.8% | β | β | β | β | β | β | β788.7% |
| Growth | ||||||||||
| Revenue growth | β | β | 4.3% | 16.0% | β15.1% | β27.6% | β57.6% | β60.1% | β99.6% | 281.3% |
| Net income growth | β | β | β599.5% | β | β | β | β | β | β | β |
| EPS growth | β | β | β382.2% | β | β | β | β | β | β | β |
| FCF growth | β | β | 24.1% | β124.5% | β | β | β | β | β | β861.8% |
| Share count change | β | 38.3% | 77.8% | 0.0% | 0.0% | 20.3% | β87.3% | 18.9% | 24.8% | 116.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | 0.5x | β | β | 7.2x | β | β | β | β | β |
| Debt / equity | β | 0.3x | 0.6x | 1.0x | 1.5x | 0.6x | 1.3x | 8.6x | β | 1.5x |
| Interest coverage | β139.5x | 28.8x | β2.2x | β1.7x | 0.8x | β2.0x | β1.8x | β1.7x | β1.4x | β1.2x |
| Current ratio | 0.0x | 2.5x | 1.0x | 1.2x | 1.0x | 1.8x | 0.9x | 0.5x | 0.3x | 1.3x |
| Quick ratio | 0.0x | 2.5x | 1.0x | 1.2x | 1.0x | 1.7x | 0.8x | 0.4x | 0.3x | 1.3x |
| Capital allocation | ||||||||||
| Capex / revenue | β | 0.3% | 3.3% | 0.9% | 2.7% | 3.9% | 11.5% | 25.4% | 3,806.3% | 1,614.8% |
| Stock comp / revenue | β | β | β | 0.0% | 0.0% | 4.5% | 19.8% | 3.6% | 4,687.5% | 6,634.4% |
| Payouts / FCF | β | β | β | β | β | β | β | β | 22.6% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 6.0 | 3.0 | 6.0 | 4.0 | 3.0 | 2.0 | 1.0 | 3.0 | 5.0 |
| Altman Z'' | β7.2 | 4.4 | β0.6 | β1.0 | β1.4 | β0.4 | β4.5 | β7.2 | β20.9 | β4.3 |
| Accruals ratio | β2.4% | β1.5% | β41.5% | β12.9% | β0.8% | 11.2% | β23.2% | β28.9% | β97.5% | β10.5% |
Source: SEC EDGAR XBRL filings (CIK 0001681348). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
