Electrovaya Inc.(ELVA)Earnings, Financials & Key Ratios
ELVA•NASDAQ
$9.78
$483M mkt cap·119.9× P/E·Price updated May 7, 2026
AboutElectrovaya Inc., together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.Show more
- Revenue$64M+42.6%
- EBITDA$7M+264.7%
- Net Income$3M+326.5%
- EPS (Diluted)0.08+286.7%
- Gross Margin30.62%
- EBITDA Margin11.12%+155.7%
- Operating Margin8.71%+433.0%
- Net Margin5.29%+258.8%
- ROE16.94%+189.7%
- ROIC10.95%+437.9%
- Debt/Equity0.72-70.0%
- Interest Coverage2.01+782.4%
ELVA Key Insights
Electrovaya Inc. (ELVA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 24.8%
- ✓Momentum leader: RS Rating 88 (top 12%)
- ✓Strong 5Y sales CAGR of 36.0%
✗Weaknesses
- ✗Negative free cash flow
- ✗Shares diluted 21.6% in last year
- ✗Expensive at 13.0x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ELVA Price & Volume
Electrovaya Inc. (ELVA) stock price & volume — 10-year historical chart
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ELVA Growth Metrics
Electrovaya Inc. (ELVA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.39%
5 Years36%
3 Years59.66%
TTM41.67%
Profit CAGR
10 Years-
5 Years24.77%
3 Years-
TTM326.16%
EPS CAGR
10 Years-
5 Years11.71%
3 Years-
TTM275.11%
Return on Capital
10 Years-282.61%
5 Years-362.24%
3 Years16.53%
Last Year17.1%
ELVA Recent Earnings
Electrovaya Inc. (ELVA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (55%)●Beat Revenue 4/12 qtrs (33%)
Q1 2026Latest
Feb 12, 2026EPS
$0.02
Est $0.01
+100.0%
Revenue
$16M
Est $17M
-7.2%
Q4 2025
Dec 10, 2025EPS
$0.06
Est $0.05
+20.0%
Revenue
$20M
Est $20M
+0.0%
Q3 2025
Aug 13, 2025EPS
$0.02
Est $0.04
-50.0%
Revenue
$17M
Est $20M
-15.4%
Q2 2025
May 14, 2025EPS
$0.02
Est $0.03
-33.3%
Revenue
$15M
Est $16M
-5.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.02vs $0.01+100.0% | $16Mvs $17M-7.2% |
| Q4 2025 | Dec 10, 2025 | $0.06vs $0.05+20.0% | $20Mvs $20M+0.0% |
| Q3 2025 | Aug 13, 2025 | $0.02vs $0.04-50.0% | $17Mvs $20M-15.4% |
| Q2 2025 | May 14, 2025 | $0.02vs $0.03-33.3% | $15Mvs $16M-5.8% |
Based on last 12 quarters of dataView full earnings history →
ELVA Peer Comparison
Electrovaya Inc. (ELVA) competitors in Battery Packs and Energy Storage Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CBAT | 70.4M | 0.79 | 6.04 | -13.61% | -4.03% | -5.5% | 0.25 | |
 MVST | 610.74M | 1.89 | -21 | 12.56% | -6.83% | -7.4% | 0.45 | |
 NRGV | 716.12M | 4.14 | -6.37 | 340.86% | -52.97% | -146.8% | 1.07 | |
 SLDP | 634.51K | 2.92 | -5.73 | 7.98% | -485.47% | -21.56% | 0.02 | |
 QS | 4.51B | 7.36 | -9.69 | -37.3% | 0.06 | |||
 FLUX | 22.76M | 1.30 | -3.25 | 9.22% | -12.48% | -7.38% | ||
 CLFD | 519.11M | 37.49 | -64.64 | 19.56% | -6.32% | -3.4% | 0.03 | |
 PCRX | 929.88M | 23.64 | 147.75 | 3.63% | 1.27% | 1.31% | 0.66 |
Compare ELVA vs Peers
Electrovaya Inc. (ELVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ELVA Income Statement
Electrovaya Inc. (ELVA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.27M | 5.63M | 4.42M | 13.66M | 9.92M | 15.62M | 43.37M | 44.59M | 63.58M |
| Revenue Growth % | -88.35% | 147.6% | -21.46% | 208.88% | -27.39% | 57.43% | 177.63% | 2.82% | 42.58% |
| Cost of Goods Sold | 1.37M | 3.87M | 2.95M | 9.59M | 7.66M | 12.4M | 32.2M | 30.93M | 44.11M |
| COGS % of Revenue | 60.22% | 68.68% | 66.66% | 70.19% | 77.2% | 79.36% | 74.26% | 69.36% | 69.38% |
| Gross Profit | 905K▲ 0% | 1.76M▲ 94.9% | 1.48M▼ 16.4% | 4.07M▲ 176.1% | 2.26M▼ 44.5% | 3.22M▲ 42.5% | 11.16M▲ 246.2% | 13.66M▲ 22.4% | 19.47M▲ 42.5% |
| Gross Margin % | 39.78% | 31.32% | 33.34% | 29.81% | 22.8% | 20.64% | 25.74% | 30.64% | 30.62% |
| Gross Profit Growth % | -81.42% | 94.92% | -16.38% | 176.14% | -44.46% | 42.53% | 246.25% | 22.4% | 42.5% |
| Operating Expenses | 2.67M | 8.51M | 6.41M | 4.87M | 6.87M | 10.49M | 9.96M | 12.93M | 14.18M |
| OpEx % of Revenue | 117.58% | 150.99% | 144.91% | 35.66% | 69.25% | 67.18% | 22.97% | 29.01% | 22.3% |
| Selling, General & Admin | -619K | 4.37M | 3.91M | 3.05M | 4.53M | 7.42M | 6.75M | 9.03M | 8.36M |
| SG&A % of Revenue | -27.21% | 77.61% | 88.29% | 22.31% | 45.66% | 47.48% | 15.57% | 20.25% | 13.15% |
| Research & Development | 2.98M | 3.83M | 2.86M | 2.75M | 4.55M | 3.43M | 3.38M | 3.04M | 4.38M |
| R&D % of Revenue | 131.21% | 67.9% | 64.72% | 20.12% | 45.91% | 21.98% | 7.8% | 6.81% | 6.89% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -173K | 867K | 1.44M |
| Operating Income | -4.7M▲ 0% | -10.19M▼ 116.7% | -7.06M▲ 30.8% | -3.9M▲ 44.8% | -7.28M▼ 86.8% | -7.27M▲ 0.1% | 1.2M▲ 116.5% | 729K▼ 39.4% | 5.54M▲ 659.9% |
| Operating Margin % | -206.73% | -180.93% | -159.49% | -28.52% | -73.35% | -46.54% | 2.77% | 1.63% | 8.71% |
| Operating Income Growth % | 44.17% | -116.71% | 30.77% | 44.77% | -86.76% | 0.12% | 116.55% | -39.4% | 659.95% |
| EBITDA | -4.38M | -9.89M | -6.95M | -3.69M | -6.96M | -6.8M | 2.1M | 1.94M | 7.07M |
| EBITDA Margin % | -192.46% | -175.5% | -157.02% | -26.98% | -70.15% | -43.56% | 4.85% | 4.35% | 11.12% |
| EBITDA Growth % | 44.15% | -125.79% | 29.73% | 46.93% | -88.8% | 2.23% | 130.91% | -7.86% | 264.65% |
| D&A (Non-Cash Add-back) | 324.58K | 305.89K | 109.25K | 210.53K | 317.92K | 464.39K | 900.38K | 1.21M | 1.53M |
| EBIT | -1.72M | -6.72M | -717K | 4.21M | -4.87M | -7.78M | 151K | 1.71M | 4.07M |
| Net Interest Income | -2.93M | -3.45M | -2.12M | -3.1M | -2.67M | -3.03M | -2.83M | -3.7M | -2.75M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | -742K | -336K | -500K | 0 |
| Interest Expense | 2.93M | 3.45M | 2.12M | 3.1M | 2.67M | 2.29M | 2.5M | 3.2M | 2.75M |
| Other Income/Expense | 4.07M | -3.41M | -1.9M | -1.09M | -256K | -1.23M | -3.36M | -2.21M | -4.23M |
| Pretax Income | -4.65M▲ 0% | -10.17M▼ 118.6% | -2.84M▲ 72.1% | 1.11M▲ 139.2% | -7.53M▼ 777.5% | -9.21M▼ 22.3% | -2.16M▲ 76.6% | -1.49M▲ 31.2% | 1.31M▲ 188.2% |
| Pretax Margin % | -204.57% | -180.58% | -64.13% | 8.14% | -75.93% | -58.97% | -4.98% | -3.33% | 2.06% |
| Income Tax | 16.52M | -6.11M | -6.11M | 0 | 0 | 0 | -679K | 0 | -2.05M |
| Effective Tax Rate % | -354.96% | 60.05% | 215.37% | 0% | 0% | 0% | 31.46% | 0% | -156.72% |
| Net Income | -21.17M▲ 0% | -22.66M▼ 7.0% | -2.84M▲ 87.5% | 1.11M▲ 139.2% | -7.53M▼ 777.5% | -9.21M▼ 22.3% | -1.48M▲ 83.9% | -1.49M▼ 0.4% | 3.36M▲ 326.5% |
| Net Margin % | -930.73% | -402.22% | -64.13% | 8.14% | -75.93% | -58.97% | -3.41% | -3.33% | 5.29% |
| Net Income Growth % | -140.86% | -7% | 87.48% | 139.2% | -777.52% | -22.26% | 83.94% | -0.41% | 326.46% |
| Net Income (Continuing) | -21.17M | -10.1M | -2.84M | 1.11M | -7.53M | -9.21M | -1.48M | -1.49M | 3.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.20▲ 0% | -1.15▲ 4.2% | -0.13▲ 88.7% | 0.05▲ 136.1% | -0.27▼ 675.7% | -0.31▼ 14.8% | -0.04▲ 85.9% | -0.04▲ 0.0% | 0.08▲ 286.7% |
| EPS Growth % | -130.77% | 4.17% | 88.7% | 136.08% | -675.69% | -14.81% | 85.9% | 0% | 286.73% |
| EPS (Basic) | -1.20 | -1.15 | -0.13 | 0.05 | -0.27 | -0.31 | -0.04 | -0.04 | 0.09 |
| Diluted Shares Outstanding | 17.64M | 19.73M | 21.4M | 23.93M | 27.98M | 29.38M | 33.83M | 34.01M | 41.37M |
| Basic Shares Outstanding | 17.64M | 19.73M | 21.4M | 23.93M | 27.98M | 29.38M | 33.83M | 34.01M | 39.08M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
ELVA Balance Sheet
Electrovaya Inc. (ELVA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 22.73M | 4.33M | 2.08M | 8.07M | 12.03M | 14.79M | 25.91M | 29.42M | 41.96M |
| Cash & Short-Term Investments | 3.4M | 126K | 333K | 1.12M | 4.2M | 626K | 1.03M | 781K | 6.36M |
| Cash Only | 3.4M | 126K | 333K | 1.12M | 4.2M | 626K | 1.03M | 781K | 6.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 784K | 916K | 346K | 2.49M | 1.34M | 2.91M | 10.61M | 11.29M | 16.47M |
| Days Sales Outstanding | 125.78 | 59.35 | 28.55 | 66.54 | 49.33 | 68.07 | 89.31 | 92.43 | 94.58 |
| Inventory | 4.07M | 1.76M | 997K | 2.03M | 4.67M | 7.36M | 8.27M | 9.7M | 12.45M |
| Days Inventory Outstanding | 1.08K | 165.75 | 123.4 | 77.21 | 222.34 | 216.57 | 93.69 | 114.46 | 103.04 |
| Other Current Assets | 13.85M | 1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 656K |
| Total Non-Current Assets | 12.81M | 11.5M | 5K | 2.58M | 2.95M | 7.4M | 10.61M | 10.06M | 21.98M |
| Property, Plant & Equipment | 12.19M | 145K | 5K | 2.5M | 2.87M | 7.31M | 10.15M | 9.2M | 13.04M |
| Fixed Asset Turnover | 0.19x | 38.85x | 884.80x | 5.47x | 3.46x | 2.14x | 4.27x | 4.85x | 4.87x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.58M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 622K | 11.35M | 0 | 75K | 79K | 88K | 459K | 862K | 5.29M |
| Total Assets | 35.54M▲ 0% | 15.83M▼ 55.5% | 2.09M▼ 86.8% | 10.64M▲ 409.7% | 14.98M▲ 40.7% | 22.19M▲ 48.2% | 36.51M▲ 64.6% | 39.48M▲ 8.1% | 63.93M▲ 61.9% |
| Asset Turnover | 0.06x | 0.36x | 2.12x | 1.28x | 0.66x | 0.70x | 1.19x | 1.13x | 0.99x |
| Asset Growth % | 15.28% | -55.46% | -86.81% | 409.67% | 40.73% | 48.15% | 64.56% | 8.13% | 61.92% |
| Total Current Liabilities | 25.93M | 18.93M | 16.21M | 16.45M | 13.45M | 22.66M | 26.61M | 28.53M | 10.08M |
| Accounts Payable | 1.68M | 2.56M | 809K | 2.2M | 1.66M | 1.54M | 6.04M | 7.07M | 6.75M |
| Days Payables Outstanding | 447.06 | 241.79 | 100.13 | 83.6 | 79 | 45.45 | 68.43 | 83.48 | 55.89 |
| Short-Term Debt | 15.18M | 16.27M | 12.82M | 9.96M | 8.64M | 17.25M | 16.3M | 18.43M | 357.65K |
| Deferred Revenue (Current) | 32K | 97K | 1.29M | 2.08M | 1M | 70K | 0 | 0 | 0 |
| Other Current Liabilities | 9.04M | 0 | 1.26M | 4.04M | 0 | 1.58M | 1.49M | 155K | -213.65K |
| Current Ratio | 0.88x | 0.23x | 0.13x | 0.49x | 0.89x | 0.65x | 0.97x | 1.03x | 4.16x |
| Quick Ratio | 0.72x | 0.14x | 0.07x | 0.37x | 0.55x | 0.33x | 0.66x | 0.69x | 2.93x |
| Cash Conversion Cycle | 762.27 | -16.68 | 51.82 | 60.14 | 192.66 | 239.18 | 114.57 | 123.42 | 141.73 |
| Total Non-Current Liabilities | 10.83M | 10.66M | 142K | 2.91M | 3.22M | 6.23M | 2.76M | 2.37M | 22.73M |
| Long-Term Debt | 10.08M | 10.55M | 0 | 0 | 0 | 3.46M | 0 | 0 | 20.74M |
| Capital Lease Obligations | 0 | 0 | 0 | 2.61M | 2.75M | 2.23M | 2.34M | 1.87M | 1.46M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 748K | 114K | 142K | 297K | 469K | 542K | 419K | 495K | 525K |
| Total Liabilities | 36.76M | 29.59M | 16.35M | 19.36M | 16.67M | 28.9M | 29.37M | 30.9M | 32.8M |
| Total Debt | 25.26M | 26.81M | 12.82M | 12.81M | 11.53M | 23.11M | 19.03M | 20.77M | 22.56M |
| Net Debt | 21.86M | 26.69M | 12.49M | 11.69M | 7.33M | 22.48M | 18M | 19.99M | 16.2M |
| Debt / Equity | - | - | - | - | - | - | 2.66x | 2.42x | 0.72x |
| Debt / EBITDA | - | - | - | - | - | - | 9.05x | 10.72x | 3.19x |
| Net Debt / EBITDA | - | - | - | - | - | - | 8.56x | 10.32x | 2.29x |
| Interest Coverage | -1.60x | -2.95x | -3.33x | -1.26x | -2.73x | -3.17x | 0.48x | 0.23x | 2.01x |
| Total Equity | -1.22M▲ 0% | -13.76M▼ 1026.8% | -14.27M▼ 3.7% | -8.71M▲ 38.9% | -1.7M▲ 80.5% | -6.71M▼ 295.5% | 7.15M▲ 206.5% | 8.59M▲ 20.1% | 31.13M▲ 262.6% |
| Equity Growth % | -115.36% | -1026.78% | -3.69% | 38.91% | 80.54% | -295.46% | 206.55% | 20.14% | 262.57% |
| Book Value per Share | -0.07 | -0.70 | -0.67 | -0.36 | -0.06 | -0.23 | 0.21 | 0.25 | 0.75 |
| Total Shareholders' Equity | -1.22M | -13.76M | -14.27M | -8.71M | -1.7M | -6.71M | 7.15M | 8.59M | 31.13M |
| Common Stock | 79.7M | 81.86M | 82.89M | 86.13M | 102.5M | 103.31M | 115.04M | 116.22M | 134.87M |
| Retained Earnings | -100.7M | -123.36M | -120.7M | -119.52M | -127.13M | -128.97M | -130.45M | -129.24M | -125.88M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 12.22M | 18.36M | 13.05M | 13.35M | 13.34M | 6.13M | 8.58M | 5.79M | 10.63M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ELVA Cash Flow Statement
Electrovaya Inc. (ELVA) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -19.18M | -7M | -2.88M | -3.9M | -8.12M | -8.82M | -5.24M | 1.04M | 1.72M |
| Operating CF Margin % | -843.3% | -124.27% | -64.99% | -28.53% | -81.8% | -56.5% | -12.07% | 2.33% | 2.7% |
| Operating CF Growth % | -137.14% | 63.51% | 58.93% | -35.58% | -108.21% | -8.74% | 40.68% | 119.83% | 65.41% |
| Net Income | -4.65M | -10.17M | -2.84M | 1.11M | -7.53M | -9.21M | -1.47M | -1.49M | 3.36M |
| Depreciation & Amortization | 309K | 308K | 109K | 209K | 319K | 503K | 907K | 1.22M | 1.45M |
| Stock-Based Compensation | 255K | 290K | 1.12M | 144K | 541K | 3.22M | 1.17M | 2.15M | 1.76M |
| Deferred Taxes | 163K | -1.83M | -4.18M | -5.17M | 0 | 0 | 0 | 0 | -2.05M |
| Other Non-Cash Items | -17M | 1.17M | 743K | 2.01M | 1.16M | 3.03M | 1.9M | 1.41M | 4.32M |
| Working Capital Changes | 1.75M | 3.23M | 2.17M | -2.19M | -2.6M | -6.37M | -7.74M | -2.25M | -7.12M |
| Change in Receivables | 447K | -132K | 570K | -2.15M | 1.15M | -1.5M | -7.79M | -732K | -5.18M |
| Change in Inventory | 1.68M | 2.31M | 760K | -1.03M | -2.64M | -2.79M | -724K | -1.42M | -3.04M |
| Change in Payables | -103.99K | 878.95K | -574K | 2M | -665K | 43K | 3.05M | 1.6M | 68.27K |
| Cash from Investing | -167K | -138K | 15.23M | -40K | -560K | -212K | -903K | -666K | -11.43M |
| Capital Expenditures | -105K | 0 | 0 | -40K | -560K | -203K | -505K | -125K | -11.22M |
| CapEx % of Revenue | 4.62% | - | - | 0.29% | 5.64% | 1.3% | 1.16% | 0.28% | 17.65% |
| Acquisitions | 0 | 0 | 15.26M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -110.32K | -94.3K | -35.1K | -75.55K | 0 | -9K | -398K | -541K | -212.46K |
| Cash from Financing | 21.64M | 4.84M | -13.73M | 3.49M | 10.92M | 7.89M | 6.55M | -629K | 17.44M |
| Debt Issued (Net) | 18.35M | 1.25M | -15.79M | 3.31M | -1.53M | 9.19M | -4.86M | 1.83M | 3.35M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 115K | 1000K | 780K | 1000K | 131.75K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -881.03K | -48K | 1.04M | 66K | -495.21K | -2.09M | 4.25M | -2.59M | -2.36M |
| Net Change in Cash | 2.77M▲ 0% | -2.66M▼ 196.0% | 207K▲ 107.8% | 791K▲ 282.1% | 3.08M▲ 289.1% | -3.58M▼ 216.2% | 406K▲ 111.4% | -251K▼ 161.8% | 5.58M▲ 2321.9% |
| Free Cash Flow | -19.29M▲ 0% | -7M▲ 63.7% | -2.88M▲ 58.9% | -3.94M▼ 37.0% | -8.68M▼ 120.3% | -9.03M▼ 4.1% | -5.74M▲ 36.4% | 913K▲ 115.9% | -9.5M▼ 1140.7% |
| FCF Margin % | -847.91% | -124.27% | -64.99% | -28.82% | -87.44% | -57.8% | -13.24% | 2.05% | -14.95% |
| FCF Growth % | -121.62% | 63.71% | 58.93% | -36.97% | -120.31% | -4.06% | 36.42% | 115.91% | -1140.74% |
| FCF per Share | -1.09 | -0.35 | -0.13 | -0.16 | -0.31 | -0.31 | -0.17 | 0.03 | -0.23 |
| FCF Conversion (FCF/Net Income) | 0.91x | 0.31x | 1.01x | -3.51x | 1.08x | 0.96x | 3.54x | -0.70x | 0.51x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.23M | 2.12M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ELVA Key Ratios
Electrovaya Inc. (ELVA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -85.82% | -629.34% | - | - | - | - | - | -673.8% | -18.88% | 16.94% |
| Return on Invested Capital (ROIC) | -43.06% | -19.64% | -45.54% | -94.89% | -487.94% | -126.81% | -50.92% | 4.41% | 2.04% | 10.95% |
| Gross Margin | 24.93% | 39.78% | 31.32% | 33.34% | 29.81% | 22.8% | 20.64% | 25.74% | 30.64% | 30.62% |
| Net Margin | -45% | -930.73% | -402.22% | -64.13% | 8.14% | -75.93% | -58.97% | -3.41% | -3.33% | 5.29% |
| Debt / Equity | 1.01x | - | - | - | - | - | - | 2.66x | 2.42x | 0.72x |
| Interest Coverage | -9.88x | -1.60x | -2.95x | -3.33x | -1.26x | -2.73x | -3.17x | 0.48x | 0.23x | 2.01x |
| FCF Conversion | 0.92x | 0.91x | 0.31x | 1.01x | -3.51x | 1.08x | 0.96x | 3.54x | -0.70x | 0.51x |
| Revenue Growth | 17.91% | -88.35% | 147.6% | -21.46% | 208.88% | -27.39% | 57.43% | 177.63% | 2.82% | 42.58% |
ELVA Frequently Asked Questions
Electrovaya Inc. (ELVA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Electrovaya Inc. (ELVA) reported $63.6M in revenue for fiscal year 2025. This represents a 6357599900% increase from $0.0M in 1997.
Electrovaya Inc. (ELVA) grew revenue by 42.6% over the past year. This is strong growth.
Yes, Electrovaya Inc. (ELVA) is profitable, generating $3.4M in net income for fiscal year 2025 (5.3% net margin).
Dividend & Returns
Electrovaya Inc. (ELVA) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.
Electrovaya Inc. (ELVA) had negative free cash flow of $3.4M in fiscal year 2025, likely due to heavy capital investments.
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