EMBK on NASDAQ

Embark Technology

Develops software for self-driving freight trucks.¹

Price unavailable

Last updated Oct 19, 2026.

Overview

-$103.2MNet income, fiscal 2022⁴

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TickerEMBK on NASDAQ¹
IndustryServices-Computer Integrated Systems Design¹
HeadquartersSan Francisco¹
Websiteembarktrucks.com
Legal formDelaware corporation¹
Incorporated inDE⁵
Business address321 Alabama Street, San Francisco, Ca 94110⁵
Filer category, Emerging growth company⁵
LEI549300NVUJ89UY1TGM94³
StatusActive³
LEI statusLapsed (not renewed)³
Registered addressC/O VCORP SERVICES, LLC, 19805 Wilmington, United States³
Registered withDivision of Corporations, Department of State, 3747340³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-55.8%Return on equity⁴

0.01×Debt to equity⁴

-$107.8MFree cash flow⁴

Financial statements

Operating income⁶⁴-$153.7M in 2022+585% since 2020

Net income⁶⁴-$103.2M in 2022+379% since 2020

Fiscal year	2020	2021	2022
Research and development	$18.8M⁶	$55.3M⁴	$79.2M⁴
Operating expenses		$103.7M⁴	$153.7M⁴
Operating income	-$22.4M⁶	-$103.7M⁴	-$153.7M⁴
Interest		$8.2M⁴	$360.0K⁴
Income before tax		-$124.2M⁴	-$103.2M⁴
Income tax	$0⁶	$0⁴	$0⁴
Net income	-$21.5M⁶	-$124.2M⁴	-$103.2M⁴
Earnings per share		-$13.40⁴	-$4.49⁴
Earnings per share (diluted)		-$13.40⁴	-$4.49⁴
Shares (weighted, basic)		9.3M shares⁴	23.0M shares⁴
Shares (weighted, diluted)		9.3M shares⁴	23.0M shares⁴

Total assets⁶⁴$214.7M in 2022+194% since 2020

Total liabilities⁶⁴$29.8M in 2022+1266% since 2020

Shareholders’ equity⁶⁴$185.0M in 2022+103% since 2019

Cash⁶⁴$157.6M in 2022+1426% since 2019

Long-term debt⁶⁴$1.8M in 2022+66% since 2021

Fiscal year	2019	2020	2021	2022
Cash	$10.3M⁶	$11.1M⁶	$264.6M⁴	$157.6M⁴
Current assets		$66.0M⁶	$277.5M⁴	$165.6M⁴
Property, plant and equipment			$9.6M⁴	$20.6M⁴
Total assets		$73.0M⁶	$291.0M⁴	$214.7M⁴
Accounts payable			$2.5M⁴	$1.0M⁴
Current liabilities		$1.5M⁶	$6.0M⁴	$8.7M⁴
Long-term debt			$1.1M⁶	$1.8M⁴
Total liabilities		$2.2M⁶	$56.4M⁴	$29.8M⁴
Retained earnings			-$182.9M⁴	-$286.1M⁴
Shareholders’ equity	$91.2M⁶	$70.8M⁴	$234.6M⁴	$185.0M⁴
Shares outstanding		10.3M shares¹¹	51.8M shares¹¹	362.9M shares⁶

Cash from operations⁶⁴-$97.4M in 2022+409% since 2020

Capital spending⁶⁴$10.4M in 2022+377% since 2020

Free cash flow⁶⁴-$107.8M in 2022+406% since 2020

Fiscal year	2020	2021	2022
Cash from operations	-$19.1M⁶	-$64.9M⁴	-$97.4M⁴
Depreciation and amortization		$1.1M⁴	$400.0K⁷
Stock-based compensation		$47.6M⁴	$49.9M⁴
Capital spending	$2.2M⁶	$3.4M⁴	$10.4M⁴
Free cash flow	-$21.3M	-$68.3M	-$107.8M
Cash from investing		$49.5M⁴	-$10.0M⁴
Cash from financing		$268.9M⁴	$902.0K⁴

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Leadership

Who has led Embark Technology, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Michael B. Hoffman2021

Chief financial officer

Chief operating officer

Stephen Meyer Houghton2022–2023

2025

Chief executive officerIan Robertson Sep 21, 2022 to Sep 21, 2022¹²
Chief executive officerAlex Rodrigues Nov 18, 2021 to Aug 4, 2023¹³
PresidentMichael B. Hoffman Jan 13, 2021 to Jan 13, 2021¹⁴
Chief financial officerMorgan Dioli Aug 4, 2023 to Aug 4, 2023¹⁵
Chief financial officerKenneth Manget Jan 13, 2021 to Jan 13, 2021¹⁶
Chief financial officerRichard Hawwa Nov 15, 2021 to Aug 4, 2023¹⁷
Chief operating officerStephen Meyer Houghton Feb 8, 2022 to Aug 4, 2023¹⁸

Board members and other officers (11)

Chief Tech Officer/Co-FounderBrandon Moak Nov 18, 2021 to Aug 4, 2023¹⁹
Board memberIan Robertson Sep 21, 2022 to Aug 4, 2023¹²
Board memberPenny Herscher Sep 29, 2022 to Aug 4, 2023²⁰
Board memberBrad Sparkes Jan 13, 2021 to Jan 13, 2021²¹
Board memberRobert Ian Schaefer Jan 13, 2021 to Jan 13, 2021²²
Board memberAlex Rodrigues Nov 18, 2021 to Aug 4, 2023¹³
Board memberBrandon Moak Nov 18, 2021 to Aug 4, 2023¹⁹
Board memberElaine Chao Nov 18, 2021 to Aug 4, 2023²³
Board memberPatricia Chiodo Nov 18, 2021 to Aug 4, 2023²⁴
Board memberPatrick W. Grady Nov 19, 2021 to Aug 4, 2023²⁵
General counselSiddhartha Venkatesan Nov 15, 2021 to Aug 4, 2023²⁶

Former names

Northern Genesis Acquisition Corp. IIOct 13, 2020 to Nov 10, 2021⁵

Timeline

Sep 21, 2022New chief executive Ian Robertson becomes CEO¹²
Nov 18, 2021New chief executive Alex Rodrigues becomes CEO¹³
Mar 5, 2021Went public Listed on NASDAQ¹
Sep 25, 2020Founded Embark Technology is founded³

Filings

191 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 26 major events, 54 insider forms, 19 large holders, 84 other. The latest 20:

The 191 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.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 3 buys and 5 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 14, 2023	Venkatesan SiddharthaFormer Chief Legal Officer	Sale	3,687	$2.80	$10.3K	Form 4
Mar 30, 2023	Venkatesan SiddharthaFormer Chief Legal Officer	Sale	5,467	$2.61	$14.3K	Form 4
Mar 30, 2023	Hawwa RichardFormer Chief Financial Officer	Sale	9,502	$2.61	$24.8K	Form 4
Dec 9, 2022	Venkatesan SiddharthaFormer Chief Legal Officer	Sale	9,102	$3.14	$28.6K	Form 4
Dec 8, 2022	Houghton Stephen MeyerFormer COO	Sale	1,145	$3.14	$3.6K	Form 4
Aug 30, 2022	Data Collective IV, L.P.10% owner	Buy	10,000	$9.64	$96.4K	Form 4
Aug 18, 2022	Data Collective IV GP, LLC10% owner	Buy	10,000	$11.64	$116.4K	Form 4
Aug 16, 2022	Data Collective IV, L.P.10% owner	Buy	122,000	$0.84	$102.5K	Form 4

From Forms 4 filed with the SEC.

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.

Alex RodriguesSC 13D/A, 4 filings Nov 22, 2021 to Aug 7, 2023²⁷
Brandon MoakSC 13D/A, 4 filings Nov 22, 2021 to Aug 7, 2023²⁸
SC US (TTGP), LTD.SC 13D/A, 4 filings Nov 19, 2021 to Aug 3, 2023²⁹
BML Investment Partners, L.P.SC 13G, 1 filing Mar 17, 2023³⁰
Data Collective IV, L.P.SC 13G/A, 2 filings Nov 19, 2021 to Feb 14, 2023³¹
TIGER GLOBAL MANAGEMENT LLCSC 13G/A, 2 filings Nov 22, 2021 to Feb 14, 2023³²
Alberta Investment Management CorpSC 13G/A, 1 filing Feb 14, 2022³³
Maven Ventures Fund II, L.P.SC 13G, 1 filing Feb 14, 2022³⁴

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataEmbark Technology on Wikidata
2
SEC EDGAREmbark Technology filings on SEC EDGAR
3
GLEIFEmbark Technology LEI record (549300NVUJ89UY1TGM94)
4
SEC EDGAREmbark Technology 10-K for fiscal 2022
5
SEC EDGAREmbark Technology filings on SEC EDGAR
6
SEC EDGAREmbark Technology 10-K for fiscal 2020
7
SEC EDGAREmbark Technology 10-Q for fiscal 2022
8
SEC EDGAREmbark Technology 10-Q for fiscal 2022
9
SEC EDGAREmbark Technology 10-Q for fiscal 2022
10
SEC EDGAREmbark Technology 10-Q for fiscal 2022
11
SEC EDGAREmbark Technology 10-K for fiscal 2020
12
SEC EDGARIan Robertson, Chief executive officer
13
SEC EDGARAlex Rodrigues, Chief executive officer
14
SEC EDGARMichael B. Hoffman, President
15
SEC EDGARMorgan Dioli, Chief financial officer
16
SEC EDGARKenneth Manget, Chief financial officer
17
SEC EDGARRichard Hawwa, Chief financial officer
18
SEC EDGARStephen Meyer Houghton, Chief operating officer
19
SEC EDGARBrandon Moak, Chief Tech Officer/Co-Founder
20
SEC EDGARPenny Herscher, Board member
21
SEC EDGARBrad Sparkes, Board member
22
SEC EDGARRobert Ian Schaefer, Board member
23
SEC EDGARElaine Chao, Board member
24
SEC EDGARPatricia Chiodo, Board member
25
SEC EDGARPatrick W. Grady, Board member
26
SEC EDGARSiddhartha Venkatesan, General counsel
27
SEC EDGARAlex Rodrigues SC 13D/A on Embark Technology
28
SEC EDGARBrandon Moak SC 13D/A on Embark Technology
29
SEC EDGARSC US (TTGP), LTD. SC 13D/A on Embark Technology
30
SEC EDGARBML Investment Partners, L.P. SC 13G on Embark Technology
31
SEC EDGARData Collective IV, L.P. SC 13G/A on Embark Technology
32
SEC EDGARTIGER GLOBAL MANAGEMENT LLC SC 13G/A on Embark Technology
33
SEC EDGARAlberta Investment Management Corp SC 13G/A on Embark Technology
34
SEC EDGARMaven Ventures Fund II, L.P. SC 13G on Embark Technology