AZIO AI HOLDINGS, INC.

Listed Company

EVTVCIK 0001563568NasdaqNon-AcceleratedSmaller ReportingMotor Vehicle Parts & AccessoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-39.13M

Total Assets

$4.67M

Equity

$-8.93M

Shares Out

12.93M

Op. Cash Flow

$-5.59M

EVTV$1.94−3.39% · past yearDBEQ Basic

Daily closing prices

Business

Azio AI Holdings, Inc. (EVTV) is a diversified power-backed hardware technology company developing electrified and energy-intensive systems across commercial EVs, industrial drone platforms, and modular AI compute infrastructure. The company manufactures semi-knocked-down electric vehicles through OEM partners and integrates them for fleet and institutional customers; develops heavy-lift agricultural drones for precision spraying and fire suppression; operates a domestic medical-supplies subsidiary; and is designing modular AI data-center infrastructure combining power generation, management, and computing hardware. Products are distributed through developing service networks and strategic partnerships across U.S. commercial and government markets.

Summary from 10-K filed 2026-04-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	6	2	3	5	2
Cost of sales	19	1	2	3	1
Gross profit	−13	488,803	1	2	761,376
General and administrative	11	8	8	8	8
Consulting	65,261	70,000	213,930	339,505	188,703
Research and development	731,808	192,885	236,181	149,912	58,139
Goodwill impairment	10	0	5	37	0
Impairment of intangible assets	3	0	—	—	—
Total operating expenses, net	25	8	14	46	8
Loss from operations	−39	−8	−13	−44	−8
Interest income	33,320	7,669	34,835	45,026	4,412
Loss on conversions and changes in fair value of convertible notes	−461,019	−633,981	0	—	—
Other expense	−18,108	−302,306	−4,155	−1,764	288,185
Total other income	−445,807	−928,618	30,680	43,262	292,597
Loss before income taxes	−39	−9	−13	−44	−7
Income tax expense	0	0	0	0	−220,700
Net loss	−39	−9	−13	−44	−8
Basic and diluted (in dollars per share)	−11.54	−5.46	−0.84	−2.92	−0.67
Basic and diluted (in shares)	3	2	15	15	11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	358,966	2	456,719	3	5
Inventory, net	0	6	7	6	4
Inventory deposits	0	6	3	5	5
EPA fulfillment asset	2	0	—	—	—
Prepaid expenses	237,610	1	614,238	445,963	332,514
Other current assets	188,074	101,794	162,119	156,457	0
Total current assets	3	18	12	18	23
Property and equipment, net	475,959	592,171	320,687	368,461	272,113
Right-of-use asset	485,482	108,508	538,932	0	—
Goodwill	0	10	10	15	52
Intangible assets, net	0	4	0	—	—
Other non-current assets	221,995	263,120	153,555	93,369	236,639
Total assets	5	33	23	33	75
Accounts payable	4	1	760,802	603,744	238,464
Deferred revenue	2	4	0	—	—
EPA contract liability	5	0	—	—	—
Accrued liabilities	2	2	452,236	652,528	1
Operating lease liability - short-term	229,899	235,625	291,263	0	—
Options liability, at fair value	0	132,412	0	—	—
Debt - current	505,759	4	269,245	215,766	31,788
Total current liabilities	13	12	2	1	2
Operating lease liability - long-term	306,904	0	235,625	0	—
Debt - long-term	0	4,168	10,420	16,671	13,245
Total liabilities	14	12	2	1	2
Commitment and contingencies (Notes 11 and 12)	—	—	—	—	—
Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock, 350,000,000 authorized, $0.00001 par value per share, 7,736,129 and 1,987,262 issued and outstanding as of December 31, 2025 and 2024, respectively	78	20	152	150	149
Additional paid-in capital	104	94	85	84	82
Accumulated deficit	−113	−73	−65	−52	−8
Total stockholders equity	−9	21	21	32	74
Total liabilities and stockholders equity	5	33	23	33	75

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	960,539	190,549	128,801	97,242	70,279
Provision for bad debt	853,225	10,085	20,929	245,219	303,879
Stock based compensation expense	639,815	2	1	2	3
Inventory write-down	6	0	—	—	—
Write-off of inventory deposits	7	0	—	—	—
Other	0	28,108	9,904	−10,004	4,673
Inventory	388,396	414,217	−1	−2	−3
Inventory deposits	−2	−3	2	−326,854	−5
Prepaid expenses	892,417	−515,789	−168,276	325,638	693,375
Other current assets	−86,280	101,575	−21,806	−156,457	0
Other non-current assets	−335,849	404,609	−72,230	143,270	123,343
Accounts payable	2	709,300	111,838	365,284	−235,306
Accrued liabilities and deferred revenue	3	5	−189,654	−305,065	−10,229
Other non-current liabilities	301,178	−215,139	0	−2,427	−240,976
Net cash used in operating activities	−6	−4	−5	−7	−13
Purchase of property and equipment, net	−176,828	−430,333	−35,810	−168,583	−27,958
Acquisition of Maddox Industries, net of cash	0	−4	0	0	3
Net cash used in investing activities	−176,828	−5	2	6	−5
Proceeds from convertible notes	5	3	—	—	—
Proceeds from related party loan	0	300,000	—	—	—
Repayment of related party loan	0	−300,000	—	—	—
Proceeds from the issuance of Conrod convertible note	0	901,000	—	—	—
Proceeds from debt	254,540	648,937	467,074	—	—
Principal repayments on debt	−479,248	−567,176	−430,481	—	—
Net cash provided by financing activities	4	10	36,593	−156,690	21
Net change in cash, restricted cash and cash equivalents	−2	1	−2	−2	3
Cash paid for interest expense	14,065	26,169	14,997	16,338	7,705
Non-cash transfer of inventory deposits to EPA fulfillment asset	2	0	—	—	—
Non-cash transfer of deferred revenue to EPA contract liability	5	0	—	—	—
Conversion of short-term notes to common stock	8	0	—	—	—

Filings

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Frequently asked questions

What is AZIO AI HOLDINGS, INC.'s CIK number?

AZIO AI HOLDINGS, INC.'s SEC CIK number is 0001563568 (1563568). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

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