Electrovaya Inc. (ELVA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ELVA Revenue Growth
ELVA Revenue Analysis (2014–2025)
As of May 8, 2026, Electrovaya Inc. (ELVA) generated trailing twelve-month (TTM) revenue of $63.6 million, reflecting explosive growth of +75.3% year-over-year. The most recent quarter (Q4 2025) recorded $20.3 million in revenue, up 18.2% sequentially.
Looking at the longer-term picture, ELVA's 5-year compound annual growth rate (CAGR) stands at +36.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $63.6 million in 2025, representing a new all-time high.
When compared to Industrials sector peers including CBAT (-22.0% YoY), MVST (+12.6% YoY), and NRGV (+362.0% YoY), ELVA has underperformed the peer group in terms of revenue growth. Compare ELVA vs CBAT →
ELVA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ELVACurrent | $64M | +75.3% | +36.0% | 8.7% | |
 CBAT | $177M | -22.0% | +51.4% | 5.0% | |
 MVST | $428M | +12.6% | +31.8% | 1.6% | |
 NRGV | $204M | +362.0% | - | -36.5% | |
 SLDP | $22M | -6.9% | +59.6% | -463.7% |
ELVA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $63.6M | +42.6% | $19.5M | 30.6% | $5.5M | 8.7% |
| 2024 | $44.6M | +2.8% | $13.7M | 30.6% | $729K | 1.6% |
| 2023 | $43.4M | +177.6% | $11.2M | 25.7% | $1.2M | 2.8% |
| 2022 | $15.6M | +57.4% | $3.2M | 20.6% | $-7,269,000 | -46.5% |
| 2021 | $9.9M | -27.4% | $2.3M | 22.8% | $-7,278,000 | -73.4% |
| 2020 | $13.7M | +208.9% | $4.1M | 29.8% | $-3,897,000 | -28.5% |
| 2019 | $4.4M | -21.5% | $1.5M | 33.3% | $-7,056,000 | -159.5% |
| 2018 | $5.6M | +147.6% | $1.8M | 31.3% | $-10,192,000 | -180.9% |
| 2017 | $2.3M | -88.4% | $905K | 39.8% | $-4,703,000 | -206.7% |
| 2016 | $19.5M | +17.9% | $4.9M | 24.9% | $-8,424,000 | -43.1% |
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Start ComparisonELVA — Frequently Asked Questions
Quick answers to the most common questions about buying ELVA stock.
Is ELVA's revenue growth accelerating or slowing?
ELVA revenue is accelerating at +75.3% year-over-year, exceeding the 5-year CAGR of +36.0%. TTM revenue reached $64M. Growth momentum has increased versus prior periods.
What is ELVA's long-term revenue growth rate?
Electrovaya Inc.'s 5-year revenue CAGR of +36.0% reflects the sustained expansion pattern. Current YoY growth of +75.3% is above this long-term average.
How is ELVA's revenue distributed by segment?
ELVA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.