Electrovaya Inc. (ELVA) Quarterly Income Statement

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Electrovaya Inc. (ELVA) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

ELVA Income Statement

Electrovaya Inc. (ELVA) annual income statement — 29-year revenue, gross profit & net income history

Metric	Q3'26	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

Sales/Revenue	17.27M	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
Revenue Growth %	0.77%	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%
Cost of Goods Sold	11.72M	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
COGS % of Revenue	67.89%	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%
Gross Profit	5.54M	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
Gross Margin %	32.11%	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%
Gross Profit Growth %	5.07%	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%
Operating Expenses	4.06M	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
OpEx % of Revenue	23.51%	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%
Selling, General & Admin	4.45M	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
SG&A % of Revenue	25.8%	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%
Research & Development	-396.66K	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
R&D % of Revenue	-2.3%	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%
Other Operating Expenses	0	-35.63K	227K	240K	387K	309K	252K	120K	324K	271K	232K	-1000K	-154K	-110K	1000K	400K	496K	683K	660K	-962K
Operating Income	1.49M	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
Operating Margin %	8.61%	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%
Operating Income Growth %	-24.25%	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%
EBITDA	1.97M	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
EBITDA Margin %	11.43%	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%
EBITDA Growth %	-16.06%	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%
D&A (Non-Cash Add-back)	486.33K	441.79K	414K	494K	388K	328K	317K	315K	358K	300K	290K	295K	242K	273K	97K	98K	100K	101K	100K	103K
EBIT	1.49M	1.54M	1.42M	820K	1.36M	1.47M	265K	818K	373K	142K	530K	870K	895K	-502K	-922K	130K	-839K	-1.57M	-1.56M	-1.13M
Net Interest Income	-374.25K	-537.45K	-483K	-825K	-452K	-642K	-685K	-932K	-567K	-1.53M	-738K	595K	168K	-480K	-2.78M	-810K	-622K	-678K	-590K	-904K
Interest Income	0	0	0	0	0	0	0	0	130K	0	0	-168K	168K	0	0	0	0	0	0	0
Interest Expense	374.25K	537.45K	483K	825K	452K	642K	685K	932K	697K	1.53M	738K	-763K	0	480K	2.78M	810K	622K	678K	590K	904K
Other Income/Expense	-1.19M	-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
Pretax Income	297.25K	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
Pretax Margin %	1.72%	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%
Income Tax	0	0	-99K	-2.05M	0	0	0	0	0	0	0	0	0	-679K	0	0	0	0	0	0
Effective Tax Rate %	0%	0%	-10.54%	41060%	0%	0%	0%	0%	0%	0%	0%	0%	0%	69.14%	0%	0%	0%	0%	0%	0%
Net Income	297.25K	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
Net Margin %	1.72%	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%
Net Income Growth %	-67.23%	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%
Net Income (Continuing)	297.25K	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
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)	0.01	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
EPS Growth %	-72%	-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%
EPS (Basic)	0.01	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
Diluted Shares Outstanding	52.5M	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
Basic Shares Outstanding	49.74M	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
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-