Electrovaya Inc. (ELVA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 17.8M | 15.55M | 20.26M | 17.13M | 15.02M | 11.17M | 11.55M | 10.27M | 10.7M | 12.09M | 17.15M | 10.31M | 8.29M | 7.62M | 9.33M | 4.3M | 4.29M | 1.25M | 2.49M | 1.92M |
| Revenue Growth % | 18.51% | 39.26% | 75.3% | 66.76% | 40.42% | -7.63% | -32.64% | -0.35% | 29.06% | 58.78% | 83.9% | 139.49% | 93.17% | 509.2% | 274.02% | 124.45% | 53.82% | -51.61% | -58.83% | -51.36% |
| Cost of Goods Sold | 12.29M | 10.44M | 14.14M | 11.86M | 10.35M | 7.76M | 8.58M | 6.82M | 6.97M | 8.56M | 12.43M | 7.37M | 6.57M | 5.83M | 7.54M | 3.22M | 3.21M | 884K | 2.69M | 1.2M |
| COGS % of Revenue | 69.03% | 67.12% | 69.83% | 69.2% | 68.88% | 69.49% | 74.24% | 66.33% | 65.17% | 70.81% | 72.46% | 71.47% | 79.3% | 76.6% | 80.8% | 74.75% | 74.78% | 70.72% | 107.94% | 62.72% |
| Gross Profit | 5.51M | 5.11M | 6.11M | 5.28M | 4.67M | 3.41M | 2.98M | 3.46M | 3.73M | 3.53M | 4.72M | 2.94M | 1.72M | 1.78M | 1.79M | 1.09M | 1.08M | 366K | -198K | 715K |
| Gross Margin % | 30.97% | 32.88% | 30.17% | 30.8% | 31.12% | 30.51% | 25.76% | 33.67% | 34.83% | 29.19% | 27.54% | 28.53% | 20.7% | 23.4% | 19.2% | 25.25% | 25.22% | 29.28% | -7.94% | 37.28% |
| Gross Profit Growth % | 17.95% | 50.06% | 105.38% | 52.56% | 25.45% | -3.43% | -37.02% | 17.61% | 117.2% | 98.04% | 163.82% | 170.56% | 58.5% | 386.89% | 1004.55% | 52.03% | 37.66% | -55.42% | -116.14% | -15.48% |
| Operating Expenses | 3.99M | 3.74M | 3.74M | 3.31M | 3.28M | 3.6M | 2.27M | 4.04M | 3.02M | 3.63M | 275K | 2.05M | 2.4M | 5.24M | 2.97M | 2.8M | 3.12M | 2.53M | 2.07M | 2.42M |
| OpEx % of Revenue | 22.43% | 24.06% | 18.46% | 19.35% | 21.82% | 32.21% | 19.61% | 39.35% | 28.26% | 30.01% | 1.6% | 19.84% | 28.92% | 68.84% | 31.81% | 65.06% | 72.8% | 202.24% | 82.88% | 126.02% |
| Selling, General & Admin | 2.57M | 2.29M | 2.34M | 1.76M | 1.9M | 2.36M | 1.75M | 2.68M | 2.11M | 2.43M | 1.72M | 1.74M | 1.79M | 1.5M | 1.58M | 1.36M | 1.26M | 1.08M | 1.39M | 1.33M |
| SG&A % of Revenue | 14.45% | 14.74% | 11.57% | 10.27% | 12.64% | 21.15% | 15.15% | 26.1% | 19.72% | 20.12% | 10.02% | 16.88% | 21.56% | 19.76% | 16.92% | 31.61% | 29.39% | 86.48% | 55.65% | 69.13% |
| Research & Development | 1.46M | 1.22M | 1.16M | 1.17M | 1.07M | 984K | 395K | 1.04M | 642K | 964K | 1.1M | 460K | 720K | 1.1M | 989K | 944K | 1.18M | 787K | 1.64M | 1.01M |
| R&D % of Revenue | 8.18% | 7.87% | 5.71% | 6.82% | 7.12% | 8.81% | 3.42% | 10.09% | 6% | 7.97% | 6.41% | 4.46% | 8.69% | 14.48% | 10.6% | 21.93% | 27.48% | 62.96% | 65.8% | 52.5% |
| Other Operating Expenses | -35.63K | 227K | 240K | 387K | 309K | 252K | 120K | 324K | 271K | 232K | -1000K | -154K | -110K | 1000K | 400K | 496K | 683K | 660K | -962K | 84K |
| Operating Income | 1.52M | 1.37M | 2.37M | 1.96M | 1.4M | -190K | 710K | -584K | 703K | -100K | 4.45M | 895K | -682K | -3.46M | -1.18M | -1.71M | -2.04M | -2.16M | -2.27M | -1.7M |
| Operating Margin % | 8.53% | 8.81% | 11.71% | 11.45% | 9.3% | -1.7% | 6.14% | -5.68% | 6.57% | -0.83% | 25.94% | 8.68% | -8.23% | -45.44% | -12.61% | -39.81% | -47.58% | -172.96% | -90.82% | -88.74% |
| Operating Income Growth % | 8.79% | 821.58% | 234.08% | 435.96% | 98.58% | -90% | -84.04% | -165.25% | 203.08% | 97.11% | 478.4% | 152.22% | 66.59% | -60.04% | 48.08% | -0.71% | -14.41% | -41.58% | -375.84% | -1229.69% |
| EBITDA | 1.96M | 1.78M | 2.87M | 2.35M | 1.72M | 127K | 1.02M | -226K | 1M | 190K | 4.75M | 1.14M | -409K | -3.36M | -1.08M | -1.61M | -1.94M | -2.06M | -2.16M | -1.63M |
| EBITDA Margin % | 11.02% | 11.48% | 14.15% | 13.72% | 11.48% | 1.14% | 8.87% | -2.2% | 9.38% | 1.57% | 27.66% | 11.03% | -4.94% | -44.16% | -11.56% | -37.49% | -45.22% | -164.96% | -86.69% | -84.88% |
| EBITDA Growth % | 13.72% | 1305.51% | 179.61% | 1139.82% | 71.88% | -33.16% | -78.4% | -119.88% | 345.23% | 105.65% | 540.17% | 170.45% | 78.92% | -63.09% | 50.14% | 0.86% | -13.32% | -41.52% | -373.09% | -4422.22% |
| D&A (Non-Cash Add-back) | 441.79K | 414K | 494K | 388K | 328K | 317K | 315K | 358K | 300K | 290K | 295K | 242K | 273K | 97K | 98K | 100K | 101K | 100K | 103K | 74K |
| EBIT | 1.52M | 1.42M | 820K | 1.36M | 1.47M | 265K | 818K | 373K | 142K | 530K | 870K | 895K | -502K | -922K | 130K | -839K | -1.57M | -1.56M | -1.13M | -1.43M |
| Net Interest Income | -537.45K | -483K | -825K | -452K | -642K | -685K | -932K | -567K | -1.53M | -738K | 595K | 168K | -480K | -2.78M | -810K | -622K | -678K | -590K | -904K | -364K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 130K | 0 | 0 | -168K | 168K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 537.45K | 483K | 825K | 452K | 642K | 685K | 932K | 697K | 1.53M | 738K | -763K | 0 | 480K | 2.78M | 810K | 622K | 678K | 590K | 904K | 364K |
| Other Income/Expense | -514.77K | -432K | -2.38M | -1.05M | -568K | -230K | -824K | 260K | -1.54M | -108K | -1.36M | -1.45M | -300K | -244K | 496K | 253K | -210K | 7K | 233K | -90K |
| Pretax Income | 1M | 939K | -5K | 907K | 828K | -420K | -114K | -324K | -839K | -208K | 3.08M | -557K | -982K | -3.7M | -680K | -1.46M | -2.25M | -2.15M | -2.03M | -1.79M |
| Pretax Margin % | 5.64% | 6.04% | -0.02% | 5.29% | 5.51% | -3.76% | -0.99% | -3.15% | -7.84% | -1.72% | 17.98% | -5.4% | -11.85% | -48.64% | -7.29% | -33.94% | -52.47% | -172.4% | -81.48% | -93.43% |
| Income Tax | 0 | -99K | -2.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -679K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | -10.54% | 41060% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 69.14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 1M | 1.04M | 2.05M | 907K | 828K | -420K | -114K | -324K | -839K | -208K | 3.08M | -557K | -303K | -3.7M | -680K | -1.46M | -2.25M | -2.15M | -2.03M | -1.79M |
| Net Margin % | 5.64% | 6.67% | 10.11% | 5.29% | 5.51% | -3.76% | -0.99% | -3.15% | -7.84% | -1.72% | 17.98% | -5.4% | -3.66% | -48.64% | -7.29% | -33.94% | -52.47% | -172.4% | -81.48% | -93.43% |
| Net Income Growth % | 21.24% | 347.14% | 1896.49% | 379.94% | 198.69% | -101.92% | -103.7% | 41.83% | -176.9% | 94.38% | 553.68% | 61.88% | 86.54% | -71.88% | 66.54% | 18.47% | -20.63% | -16.87% | -191.95% | -137.14% |
| Net Income (Continuing) | 1M | 1.04M | 2.05M | 907K | 828K | -420K | -114K | -324K | -839K | -208K | 3.08M | -557K | -303K | -3.7M | -680K | -1.46M | -2.25M | -2.15M | -2.03M | -1.79M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02 | 0.02 | 0.05 | 0.02 | 0.02 | -0.01 | -0.00 | -0.01 | -0.02 | -0.01 | 0.07 | 0.00 | 0.01 | -0.12 | -0.02 | -0.05 | -0.08 | -0.07 | -0.07 | -0.06 |
| EPS Growth % | -5.83% | 292.5% | - | - | 183.74% | - | -104.94% | - | - | 94.75% | 397.84% | 104.62% | 106.77% | -62.6% | 66.81% | 20.83% | -15.49% | -6.34% | -152.17% | -125.16% |
| EPS (Basic) | 0.02 | 0.02 | 0.05 | 0.02 | 0.02 | -0.01 | -0.00 | -0.01 | -0.02 | -0.01 | 0.07 | 0.00 | 0.01 | -0.12 | -0.02 | -0.05 | -0.08 | -0.07 | -0.07 | -0.06 |
| Diluted Shares Outstanding | 51.66M | 45.73M | 42.11M | 45.35M | 40.1M | 34.98M | 34.01M | 34.13M | 34.02M | 33.84M | 33.83M | 32.98M | 32.97M | 31.77M | 29.44M | 29.33M | 29.33M | 29.22M | 29.19M | 28.5M |
| Basic Shares Outstanding | 49.23M | 42.63M | 42.11M | 45.35M | 40.1M | 34.98M | 34.01M | 34.13M | 34.02M | 33.84M | 33.83M | 32.98M | 32.97M | 31.77M | 29.44M | 29.33M | 29.33M | 29.22M | 29.19M | 28.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |