Envirotech Vehicles Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDEDMARCH 31, 2026 or Commission File Number: 001-38078 ENVIROTECH VEHICLES, INC.(Exact name of registrant as specified in its charter) Delaware46-0774222(State or other jurisdiction of(I.R.S. Employerincorporation or organization)Identification No.) 7510 Ardmore StreetHouston, TX 77054(Address of principal executive offices, including zip code)(870) 970-3355(Registrant’s telephone number, including area code)N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: TradingName of each exchangeTitle of each classSymbol(s)on which registeredCommon Stock, par value $0.00001 pershareEVTVNasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares outstanding of the registrant’s common stock, $0.00001 par value per share, as of May 18, 2026was 12,930,719. TABLE OF CONTENTS FORM 10-Q FOR THE QUARTERLY PERIOD ENDEDMARCH 31, 2026 Special Note Regarding Forward-Looking Statements Part I. FINANCIAL INFORMATION Item 1. Financial Statements:Unaudited Consolidated Balance Sheets as of March 31, 2026and December 31, 2025Unaudited Consolidated Statements of Operations for the ThreeMonths Ended March 31, 2026and 2025Unaudited Consolidated Statement of Stockholders’Equity for the Three Months Ended March 31, 2026and 2025Unaudited Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026and 2025Notes to Unaudited Consolidated Financial Statements Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosure about Market RiskItem 4. Controls and ProceduresPart II. OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsSignatures SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q(this “QuarterlyReport”) of Envirotech Vehicles, Inc., including its consolidated subsidiaries (the"Company,” “we,” “us,” and “our”) contains “forward-looking statements” within the meaning of the PrivateSecurities Litigation Reform Actof 1995.Forward-looking statements relate to future events or our future financial performance or condition and involve known and unknownrisks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materiallyfrom those expressed or implied by these forward-looking statements.In some cases, you can identify forward-looking statements by termssuch as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “contemplate,” “plan,”“project,” “forecast,” “potential,”“possible,” “proposed,” “should,” “develop,” “opportunity,” “target,” “outlook,” “optimistic,” “poised,” “positioned,” “maintain,” “continue,”“aim,” “goal,”“will” and “would” or the negatives of these terms or other comparable terminology intended to identify statements about thefuture. You should not place undue reliance on forward-looking statements. The cautionary statements set forth in this QuarterlyReport, including in“Risk Factors” and elsewhere, identify important factors, which you should consider in evaluating our forward-looking statements. Thesefactors could cau