What is NeoVolta's construction in progress?

NeoVolta (NEOV) reported construction in progress of $1.08M in Q1 2026.

What does construction in progress mean?

Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

NeoVolta NEOV Construction in progress

Construction in progress at other companies

Ormat TechnologiesORA

$923.26M+9.3%

Other financials

Income statement

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Revenue$2.0M+0.5%

Gross profit$927.8K+80.3%

Operating income-$2.6M-91.5%

Net income-$3.0M-109%

EPS (diluted)-$0.08-100%

Balance sheet

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Cash & equivalents$11.5M+2,042%

Total debt$1.5M+2.2%

Total equity$22.2M+480%

Total assets$25.7M+349%

Cash flow

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Operating cash flow-$3.6M-74.6%

Valuation

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Market cap$172.96M+43.6%

Enterprise value$162.93M+33.1%

P/S9.6×-4.7×

Profitability

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Gross margin21.3%-1.0pp

Operating margin-52%-16.1pp

Net margin-63.4%-16.2pp

Returns & leverage

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Return on equity-88.1%-3.4pp

Debt / equity0.1×-0.3×

Current ratio8.1×+4.3×

Where this comes from

Reported directly by NeoVolta in its filing.

Tagged under the XBRL concept us-gaap:ConstructionInProgressGross.

The official record: NeoVolta’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NeoVolta's construction in progress?: NeoVolta (NEOV) reported construction in progress of $1.08M in Q1 2026.
What does construction in progress mean?: Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.