Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Research and development1¢$900.0K
- Selling, general and admin99¢$165.3M
- Income tax0¢$2.0K
Out of $54.6M in revenue.2 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenue | $19.5M4 | $32.3M2 | $54.6M2 | |
| Research and development | $400.0K4 | $1.2M2 | $900.0K2 | |
| Selling, general and admin | $44.1M4 | $262.6M2 | $165.3M2 | |
| Operating expenses | $300.5M2 | $226.7M2 | ||
| Operating income | -$51.3M4 | -$268.2M2 | -$172.1M2 | |
| Income before tax | -$276.6M2 | -$154.6M2 | ||
| Income tax | $9.0K4 | $39.0K2 | $2.0K2 | |
| Net income | -$70.6M4 | -$276.6M2 | -$154.6M2 | |
| Shares (weighted, diluted) | 8.4M shares4 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Cash | $10.8M4 | $58.8M4 | $262.3M2 | $2.6M2 |
| Receivables | $12.6M2 | $16.7M2 | ||
| Inventory | $2.7M2 | $2.1M2 | ||
| Current assets | $81.7M4 | $298.6M2 | $38.3M2 | |
| Property, plant and equipment | $97.7M2 | $207.3M2 | ||
| Goodwill | $221.0K2 | $221.0K2 | ||
| Intangible assets | $643.0K2 | $1.2M2 | ||
| Total assets | $181.8M4 | $473.9M2 | $341.3M2 | |
| Accounts payable | $18.5M2 | $47.0M2 | ||
| Short-term debt | $16.0M2 | $12.5M2 | ||
| Current liabilities | $52.9M4 | $96.1M2 | $102.4M2 | |
| Long-term debt | $41.0M4 | $24.0M2 | $02 | |
| Total liabilities | $138.1M4 | $191.8M2 | $190.0M2 | |
| Retained earnings | -$428.7M2 | -$583.4M2 | ||
| Shareholders’ equity | -$76.0M4 | -$138.9M2 | $282.1M2 | $151.3M2 |
| Shares outstanding | 24.7M shares4 | 162.1M shares2 | 174.2M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Cash from operations | -$57.3M4 | -$94.9M2 | -$117.2M2 | |
| Depreciation and amortization | $11.2M2 | $19.3M2 | ||
| Stock-based compensation | $174.0M2 | $30.0M2 | ||
| Capital spending | $16.9M4 | $54.8M2 | $97.4M2 | |
| Free cash flow | -$74.2M | -$149.7M | -$214.5M | |
| Cash from investing | -$55.6M2 | -$102.9M2 | ||
| Share buybacks | $242.2M2 | |||
| Cash from financing | $353.8M2 | -$39.8M2 |
Corporate structure
Volta Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Volta Inc.
- John J. Tough Filed SC 13D/A on Volta Inc., latest Feb 24, 2023 (2 filings since Oct 20, 2021)
- BlackRock Filed SC 13G on Volta Inc., latest Feb 10, 2023
- Scott Mercer Filed SC 13D/A on Volta Inc., latest Feb 6, 2023 (3 filings since Apr 19, 2022)
- Christopher Wendel Filed SC 13D/A on Volta Inc., latest Nov 15, 2022 (2 filings since Apr 19, 2022)
- Virgo Hermes, LLC Filed SC 13D/A on Volta Inc., latest Apr 22, 2022 (2 filings since Apr 12, 2022)
- Beryl Capital Management LLC Filed SC 13G/A on Volta Inc., latest Feb 11, 2022
- INTEGRATED CORE STRATEGIES (US) LLC Filed SC 13G/A on Volta Inc., latest Feb 9, 2022
- TortoiseEcofin Borrower LLC Filed SC 13G/A on Volta Inc., latest Jan 31, 2022
- Virgo Investment Group, LLC Filed SC 13G on Volta Inc., latest Dec 8, 2021
- Volta Inc. San Francisco, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Volta Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $207.3M2 Dec 31, 2022 | $97.7M2 Dec 31, 2021 | +112.2% |
| Operating-lease assets (leased space) | $93.6M2 Dec 31, 2022 | $76.4M2 Dec 31, 2021 | +22.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.6M2 Dec 31, 2022 | $262.3M2 Dec 31, 2021 | −99.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $221.0K2 Dec 31, 2022 | $221.0K2 Dec 31, 2021 | 0% |
| Intangible assets, net (excluding goodwill) | $1.2M2 Dec 31, 2022 | $643.0K2 Dec 31, 2021 | +82.7% |
Inventory
Leadership
Who has led Volta Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerVincent T. Cubbage Sep 10, 2020 to Mar 31, 20238
- PresidentChristopher Wendel Aug 30, 2021 to Feb 23, 20229
- PresidentVincent T. Cubbage Sep 10, 2020 to Sep 10, 20208
- Chief financial officerFrancois P. Chadwick Aug 30, 2021 to May 26, 202210
- Chief financial officerStephen S. Pang Sep 10, 2020 to Sep 10, 202011
Board members and other officers (22)
- Chief Technology OfficerYifan Tang Jul 21, 2022 to Jul 21, 202212
- Chief Strategy OfficerAndrew B. Lipsher Aug 30, 2021 to Dec 6, 202113
- Chief Revenue OfficerBrandt Hastings Aug 30, 2021 to Mar 31, 202314
- GC, Chief Administrative OffcrJames S. Degraw Aug 30, 2021 to Feb 23, 202215
- Chief People OfficerJulie McKie Rogers Aug 30, 2021 to Dec 6, 202116
- Chief Marketing OfficerNadya Kohl Aug 30, 2021 to Dec 6, 202117
- Chief Technology OfficerPraveen Mandal Aug 30, 2021 to Dec 6, 202118
- Vice PresidentDarrell Brock Jr. Sep 10, 2020 to Sep 10, 202019
- Vice PresidentEvan J. Zimmer Sep 10, 2020 to Feb 4, 202120
- VP, Gen. Counsel and SecretarySteven C. Schnitzer Sep 10, 2020 to Sep 10, 202021
- Board memberBonita C. Stewart Aug 30, 2021 to Mar 31, 202322
- Board memberChristopher Wendel Aug 30, 2021 to Feb 23, 20229
- Board memberEli Aheto Aug 30, 2021 to Mar 31, 202323
- Board memberJohn J. Tough Aug 30, 2021 to Mar 31, 202324
- Board memberKatherine J. Savitt Aug 30, 2021 to Mar 31, 202325
- Board memberMartin Lauber Aug 30, 2021 to Mar 31, 202326
- Board memberJuan José Daboub Sep 10, 2020 to Aug 30, 202127
- Board memberKarin M. Leidel Sep 10, 2020 to Aug 30, 202128
- Board memberSidney L. Tassin Sep 10, 2020 to Aug 30, 202129
- Board memberStephen S. Pang Sep 10, 2020 to Sep 10, 202011
- Board memberVincent T. Cubbage Sep 10, 2020 to Mar 31, 20238
- General counselMichelle Kley Jul 21, 2022 to Mar 31, 202330
Former names
- Tortoise Acquisition Corp. IIJul 31, 2020 to Aug 27, 20213
Timeline
- Mar 31, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer31
- Mar 22, 20238-K Other events32
- Mar 13, 20238-K Other events33
- Jan 24, 20238-K Entered a material agreement34
- Jan 18, 20238-K Entered a material agreement; New debt or obligation; Other events35
- Jan 6, 20238-K Executive or director change36
- Nov 25, 20228-K Listing notice or transfer; Regulation FD disclosure37
- Nov 14, 20228-K Results of operations38
- Oct 21, 20228-K Regulation FD disclosure39
- Sep 29, 20228-K Regulation FD disclosure40
- Sep 26, 20228-K Entered a material agreement41
- Aug 11, 20228-K Results of operations; Regulation FD disclosure42
- Sep 10, 2020New chief executive Vincent T. Cubbage becomes CEO8
Calendar
When it reported results
- Nov 14, 2022Reported quarterly or annual results38
- Aug 11, 2022Reported quarterly or annual results42
- May 13, 2022Reported quarterly or annual results43
- Apr 18, 2022Reported quarterly or annual results44
- Apr 1, 2022Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
173 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 36 major events, 60 insider forms, 14 large holders, 54 other. The latest 20:
- Apr 11, 202315-12G EDGAR
- Apr 4, 2023EFFECT EDGAR
- Apr 3, 2023EFFECT EDGAR
- Mar 31, 202310-K EDGAR
- Mar 31, 2023S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Mar 31, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
- Mar 31, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
- Mar 31, 20238-K CURRENT REPORT EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 31, 20234 EDGAR
- Mar 22, 20238-K CURRENT REPORT EDGAR
- Mar 16, 2023DEFA14A EDGAR
- Mar 13, 20238-K CURRENT REPORT EDGAR
The 173 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- John J. ToughSC 13D/A, 2 filings Oct 20, 2021 to Feb 24, 202346
- BlackRockSC 13G, 1 filing Feb 10, 202347
- Scott MercerSC 13D/A, 3 filings Apr 19, 2022 to Feb 6, 202348
- Christopher WendelSC 13D/A, 2 filings Apr 19, 2022 to Nov 15, 202249
- Virgo Hermes, LLCSC 13D/A, 2 filings Apr 12, 2022 to Apr 22, 202250
- Beryl Capital Management LLCSC 13G/A, 1 filing Feb 11, 202251
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 9, 202252
- TortoiseEcofin Borrower LLCSC 13G/A, 1 filing Jan 31, 202253
- Virgo Investment Group, LLCSC 13G, 1 filing Dec 8, 202154
SEC filer profile
How Volta Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVolta Inc.1
- CIK0001819584
- Filer status<br>emerging growth company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3790 Miscellaneous Transportation Equipment1
- Business address155 De Haro Street, San Francisco, CA 941031
- Phone(415) 583-38051
- Public float$200.2M as of Jun 30, 20222
- On EDGAR sinceJul 31, 20201
- Filings299 in all: 4 (73), 8-K (45), 3 (27), 424B3 (24), 425 (18), CORRESP (11), EFFECT (9), UPLOAD (9)1
All 42 form types
10-Q (7), DEFA14A (7), SC 13D/A (7), 4/A (6), POS AM (6), SC 13G (5), SC 13D (4), SC 13G/A (4), 10-K (3), S-1/A (3), S-4/A (3), 10-K/A (2), 10-Q/A (2), 25-NSE (2), 8-K/A (2), S-1 (2), 15-12G (1), 424B4 (1), 424B5 (1), 5 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEFM14A (1), DRS (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), PREM14A (1), S-1MEF (1), S-3 (1), S-4 (1), S-8 (1), S-8 POS (1)
- Latest filingsAnnual report (10-K) Mar 31, 2023
Quarterly report (10-Q) Nov 14, 2022
Proxy statement (DEF 14A) Jun 13, 2022
Latest 8-K (8-K) Mar 31, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARVolta Inc. filings on SEC EDGAR
- 2SEC EDGARVolta Inc. 10-K for fiscal 2022
- 3SEC EDGARVolta Inc. filings on SEC EDGAR
- 4SEC EDGARVolta Inc. 10-K for fiscal 2020
- 5SEC EDGARVolta Inc. 10-Q for fiscal 2022
- 6SEC EDGARVolta Inc. 10-Q for fiscal 2022
- 7SEC EDGARVolta Inc. 10-Q for fiscal 2022
- 8
- 9SEC EDGARChristopher Wendel, President
- 10
- 11
- 12SEC EDGARYifan Tang, Chief Technology Officer
- 13
- 14
- 15
- 16
- 17SEC EDGARNadya Kohl, Chief Marketing Officer
- 18
- 19SEC EDGARDarrell Brock Jr., Vice President
- 20SEC EDGAREvan J. Zimmer, Vice President
- 21
- 22SEC EDGARBonita C. Stewart, Board member
- 23SEC EDGAREli Aheto, Board member
- 24SEC EDGARJohn J. Tough, Board member
- 25SEC EDGARKatherine J. Savitt, Board member
- 26SEC EDGARMartin Lauber, Board member
- 27SEC EDGARJuan José Daboub, Board member
- 28SEC EDGARKarin M. Leidel, Board member
- 29SEC EDGARSidney L. Tassin, Board member
- 30SEC EDGARMichelle Kley, General counsel
- 31
- 32SEC EDGAROther events
- 33SEC EDGAROther events
- 34SEC EDGAREntered a material agreement
- 35
- 36SEC EDGARExecutive or director change
- 37
- 38SEC EDGARResults of operations
- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGAREntered a material agreement
- 42
- 43
- 44
- 45
- 46SEC EDGARJohn J. Tough SC 13D/A on Volta Inc.
- 47SEC EDGARBlackRock SC 13G on Volta Inc.
- 48SEC EDGARScott Mercer SC 13D/A on Volta Inc.
- 49
- 50
- 51
- 52
- 53
- 54
- 55SEC EDGARVolta Inc. filing with the SEC