vs

Side-by-side financial comparison of NeoVolta Inc. (NEOV) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $4.6M, roughly 1.5× NeoVolta Inc.). NeoVolta Inc. runs the higher net margin — -119.2% vs -150.2%, a 31.0% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -37.4%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% CAGR vs -31.3%).

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

NEOV vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.5× larger
TPTA
$7.1M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+370.9% gap
NEOV
333.5%
-37.4%
TPTA
Higher net margin
NEOV
NEOV
31.0% more per $
NEOV
-119.2%
-150.2%
TPTA
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
-31.3%
TPTA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NEOV
NEOV
TPTA
TPTA
Revenue
$4.6M
$7.1M
Net Profit
$-5.5M
$-10.6M
Gross Margin
16.6%
Operating Margin
-96.4%
-48.8%
Net Margin
-119.2%
-150.2%
Revenue YoY
333.5%
-37.4%
Net Profit YoY
-470.3%
32.0%
EPS (diluted)
$-0.16
$-0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NEOV
NEOV
TPTA
TPTA
Q4 25
$4.6M
$7.1M
Q3 25
$6.7M
$7.3M
Q2 25
$4.8M
$8.6M
Q1 25
$2.0M
$12.5M
Q4 24
$1.1M
$11.3M
Q3 24
$590.2K
$12.2M
Q2 24
$579.2K
$11.2M
Q1 24
$283.9K
$15.0M
Net Profit
NEOV
NEOV
TPTA
TPTA
Q4 25
$-5.5M
$-10.6M
Q3 25
$-1.2M
$-6.7M
Q2 25
$-1.6M
$-9.2M
Q1 25
$-1.4M
$-1.3M
Q4 24
$-971.1K
$-15.6M
Q3 24
$-964.5K
$-7.8M
Q2 24
$-7.5M
Q1 24
$-589.5K
$-6.2M
Gross Margin
NEOV
NEOV
TPTA
TPTA
Q4 25
16.6%
Q3 25
23.7%
Q2 25
12.1%
Q1 25
25.5%
Q4 24
30.2%
Q3 24
15.7%
Q2 24
3.0%
Q1 24
58.5%
Operating Margin
NEOV
NEOV
TPTA
TPTA
Q4 25
-96.4%
-48.8%
Q3 25
-12.8%
6.7%
Q2 25
-30.2%
-28.4%
Q1 25
-68.1%
32.8%
Q4 24
-88.4%
-72.3%
Q3 24
-163.6%
54.1%
Q2 24
6.3%
Q1 24
-211.5%
32.0%
Net Margin
NEOV
NEOV
TPTA
TPTA
Q4 25
-119.2%
-150.2%
Q3 25
-18.7%
-92.4%
Q2 25
-34.7%
-106.5%
Q1 25
-72.0%
-10.3%
Q4 24
-90.6%
-138.3%
Q3 24
-163.4%
-63.9%
Q2 24
-67.5%
Q1 24
-207.6%
-41.2%
EPS (diluted)
NEOV
NEOV
TPTA
TPTA
Q4 25
$-0.16
$-0.43
Q3 25
$-0.04
$-0.28
Q2 25
$-0.05
$-0.38
Q1 25
$-0.04
$-0.05
Q4 24
$-0.03
$-0.65
Q3 24
$-0.03
$-0.32
Q2 24
$-0.31
Q1 24
$-0.02
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEOV
NEOV
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$242.4K
$33.2M
Total DebtLower is stronger
$178.9M
Stockholders' EquityBook value
$5.0M
$146.5M
Total Assets
$10.1M
$351.5M
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEOV
NEOV
TPTA
TPTA
Q4 25
$242.4K
$33.2M
Q3 25
$889.8K
$17.4M
Q2 25
$794.8K
$5.9M
Q1 25
$536.0K
$11.9M
Q4 24
$328.7K
$8.6M
Q3 24
$393.4K
$21.2M
Q2 24
$986.4K
$18.9M
Q1 24
$1.0M
$17.9M
Total Debt
NEOV
NEOV
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
NEOV
NEOV
TPTA
TPTA
Q4 25
$5.0M
$146.5M
Q3 25
$2.1M
$159.7M
Q2 25
$2.9M
$168.5M
Q1 25
$3.8M
$179.9M
Q4 24
$3.3M
$185.7M
Q3 24
$3.9M
$206.2M
Q2 24
$4.6M
$218.6M
Q1 24
$5.1M
$230.5M
Total Assets
NEOV
NEOV
TPTA
TPTA
Q4 25
$10.1M
$351.5M
Q3 25
$8.4M
$398.1M
Q2 25
$6.8M
$459.3M
Q1 25
$5.7M
$495.2M
Q4 24
$4.0M
$542.8M
Q3 24
$4.2M
$546.8M
Q2 24
$4.7M
$634.4M
Q1 24
$5.2M
$640.2M
Debt / Equity
NEOV
NEOV
TPTA
TPTA
Q4 25
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEOV
NEOV
TPTA
TPTA
Operating Cash FlowLast quarter
$-2.1M
$1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEOV
NEOV
TPTA
TPTA
Q4 25
$-2.1M
$1.9M
Q3 25
$-2.5M
$-4.3M
Q2 25
$-924.2K
$1.2M
Q1 25
$-2.1M
$861.6K
Q4 24
$-858.3K
$-3.3M
Q3 24
$-593.0K
$1.7M
Q2 24
$-1.0M
$-3.1M
Q1 24
$-485.3K
$-4.2M
Capex Intensity
NEOV
NEOV
TPTA
TPTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons