Volcon, Inc. (VLCN) Financial Statements
Industry: Finance Services
In fiscal 2025, Volcon reported revenue of $974,977, down 75.9% from $4.0M the year before. Net income was -$150.1M (a -15390.4% net margin), or -$8.12 per diluted share. Gross margin was -37.2% and operating margin was -15742.0%. Operating activities generated -$17.8M of cash, leaving -$18.1M of free cash flow. At fiscal year end, Volcon held $372.4M in total assets against $103.2M in total liabilities, including $9.0M of cash and equivalents.
Open the full interactive Volcon financials → Quarterly statements, key ratios, valuation history and price charts.
Volcon Key Stats
| Share Price | $3.29 |
|---|---|
| Market Cap | $92.3M |
| Revenue YoY Growth | -75.8% |
| 52-Week Range | $2.52 – $7.45 |
| Shares Outstanding | 28.1 million (basic, 2026 Q2) |
Volcon Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $448,819 | $4.5M | $3.3M | $4.0M | $974,977 |
| Cost of Goods Sold | $10.5M | $13.4M | $11.4M | $18.2M | $1.3M |
| Gross Profit | -$10.1M | -$8.9M | -$8.1M | -$14.1M | -$362,618 |
| Operating Income | -$39.2M | -$32.1M | -$29.8M | -$27.0M | -$153.5M |
| Pre-Tax Income | -$40.1M | -$34.2M | -$45.1M | -$45.5M | -$154.0M |
| Income Tax | $0 | $0 | $0 | $0 | -$5.4M |
| Net Income | -$40.1M | -$34.2M | -$45.1M | -$45.5M | -$150.1M |
| Diluted EPS | -$12657600.00 | -$2088000.00 | -$1499968.00 | -$1175.20 | -$8.12 |
Volcon Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $198,301 | — | $225,702 | $80,019 |
| Net Income | -$34.6M | -$109.1M | -$85.4M | -$43.0M |
| Diluted EPS | -$0.96 | -$5.90 | -$2.59 | -$1.53 |
Volcon Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | — | $9.0M |
| Current Assets | $10.9M | $20.3M | $19.5M | $5.1M | $14.3M |
| Total Assets | $14.6M | $22.7M | $22.1M | $6.2M | $372.4M |
| Current Liabilities | $6.5M | $20.9M | $40.9M | $4.6M | $52.8M |
| Total Long-Term Debt | $103,373 | $17.4M | $107,035 | $1.4M | $49.9M |
| Total Liabilities | $8.3M | $22.1M | $41.8M | $6.2M | $103.2M |
| Shareholders' Equity | $6.3M | $635,013 | -$19.6M | $40,761 | $269.2M |
Volcon Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$24.2M | -$33.6M | -$29.6M | -$16.0M | -$17.8M |
| Cash From Investing | -$838,030 | -$799,412 | -$860,722 | -$230,313 | -$453.8M |
| Cash From Financing | $30.0M | $40.4M | $27.1M | $10.4M | $478.4M |
| Free Cash Flow | -$25.0M | -$34.4M | -$30.5M | -$16.3M | -$18.1M |
Figures from Volcon's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Volcon financials page for every line item.
Volcon Company Profile
| Ticker | VLCN |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Pflugerville, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001829794 |
Frequently Asked Questions
What was Volcon's revenue in fiscal 2025?
Volcon (VLCN) reported revenue of $974,977 for fiscal 2025.
What is Volcon's annual revenue history?
Volcon's annual revenue by fiscal year: 2021: $448,819; 2022: $4.5M; 2023: $3.3M; 2024: $4.0M; 2025: $974,977.
What was Volcon's net income in fiscal 2025?
Volcon reported net income of -$150.1M for fiscal 2025.
What was Volcon's earnings per share (EPS) in fiscal 2025?
Volcon's diluted EPS was -$8.12 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Volcon generate in fiscal 2025?
Volcon generated -$18.1M of free cash flow in fiscal 2025.
What was Volcon's revenue last quarter?
In its most recent reported quarter (2026 Q2), Volcon reported revenue of $80,019.
How much debt does Volcon have?
Volcon reported $49.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Volcon are outstanding?
Volcon reported a weighted average of 28.1 million basic shares outstanding in 2026 Q2.
What is Volcon's market cap?
Based on its latest closing price, Volcon (VLCN) has a market capitalization of about $92.3M.
When does Volcon's fiscal year end?
Volcon's fiscal year end, as registered with the SEC, is December 31.
Where is Volcon headquartered?
Volcon lists its business address in Pflugerville, Texas in its SEC filings.