ELVA

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Electrovaya Inc.

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Key Metrics

Previous Close: $7.32
52-Week Range: $4.10 – $12.78
Market Cap: $330.71M
P/E (TTM): 74.22
EPS (TTM): 0.09
Dividend Yield: —

Advanced Metrics

Price/Book: 4.97
PEG Ratio: 1.11
Return on Equity: 9.85%
Return on Assets: 4.87%
Gross Margin: 33.00%
Operating Margin: 4.45%
Profit Margin: 6.14%
Current Ratio: 7.53
Debt/Equity: 0.61
Total Debt: $41.06M
Free Cash Flow: $-22.05M
Revenue Growth: 3.40%
Earnings Growth: -69.30%
Enterprise Value: $361.97M

ELVA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$15.62M	$43.37M	$44.59M	$63.58M
Cost of Revenue	$12.40M	$32.20M	$30.93M	$44.11M
Gross Profit	$3.22M	$11.16M	$13.66M	$19.47M
Research & Development	$3.43M	$3.38M	$3.04M	$4.38M
Selling, General & Admin	$7.42M	$6.75M	$9.03M	$8.36M
Operating Expenses	$10.49M	$9.96M	$12.93M	$13.93M
Operating Income	-$7.27M	$1.20M	$729.00K	$5.54M
EBITDA	-$6.42M	$1.25M	$2.92M	$5.44M
Pretax Income	-$9.21M	-$2.16M	-$1.49M	$1.31M
Income Tax	$0.00	-$679.00K	$0.00	-$2.05M
Net Income	-$9.21M	-$1.48M	-$1.49M	$3.36M
Diluted EPS	-0.31	-0.04	-0.04	0.08
Diluted Shares	29.34M	33.83M	34.01M	41.37M

ELVA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$626.00K	$1.03M	$781.00K	$6.36M
Receivables	$2.91M	$10.61M	$11.29M	$16.47M
Inventory	$7.36M	$8.27M	$9.70M	$12.45M
Current Assets	$14.79M	$25.91M	$29.42M	$41.96M
Total Assets	$22.19M	$36.51M	$39.48M	$63.93M
Current Liabilities	$22.66M	$26.61M	$28.53M	$10.08M
Long-Term Debt	$3.46M	—	—	$20.74M
Total Debt	$23.11M	$19.03M	$20.77M	$22.56M
Total Liabilities	$28.90M	$29.37M	$30.90M	$32.80M
Retained Earnings	-$128.97M	-$127.76M	-$129.24M	-$125.88M
Shareholders' Equity	-$6.71M	$7.15M	$8.59M	$31.13M
Working Capital	-$7.87M	-$705.00K	$887.00K	$31.88M
Net Debt	$20.08M	$15.27M	$17.65M	$14.39M

ELVA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$8.82M	-$5.24M	$1.04M	$1.72M
Capital Expenditure	-$203.00K	-$505.00K	-$666.00K	-$11.22M
Free Cash Flow	-$9.03M	-$5.74M	$372.00K	-$9.50M
Depreciation & Amortisation	$503.00K	$907.00K	$1.21M	$1.45M
Stock-Based Compensation	$3.22M	$1.17M	$2.15M	$1.76M
Investing Cash Flow	-$212.00K	-$903.00K	-$666.00K	-$12.04M
Financing Cash Flow	$7.89M	$6.55M	-$629.00K	$15.90M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	-$1.15M	$415.00K	-$257.00K	$5.58M

ELVA Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$15.02M	$17.13M	$20.26M	$15.55M	$18.05M
Cost of Revenue	$10.35M	$11.86M	$14.14M	$10.44M	$12.01M
Gross Profit	$4.67M	$5.28M	$6.11M	$5.11M	$6.04M
Research & Development	$1.07M	$1.17M	$1.16M	$1.22M	$1.48M
Selling, General & Admin	$1.90M	$1.76M	$2.34M	$2.29M	$2.57M
Operating Expenses	$3.28M	$3.31M	$3.74M	$3.74M	$3.85M
Operating Income	$1.40M	$1.96M	$2.37M	$1.37M	$2.19M
EBITDA	$1.80M	$1.75M	$1.31M	$1.84M	$2.01M
Pretax Income	$828.00K	$907.00K	-$5.00K	$939.00K	$1.02M
Income Tax	$0.00	—	—	-$99.00K	$0.00
Net Income	$828.00K	$907.00K	$2.05M	$1.04M	$1.02M
Diluted EPS	0.02	0.02	—	0.02	0.02
Diluted Shares	41.90M	40.10M	—	45.73M	51.66M

ELVA Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$283.00K	$1.29M	$6.36M	$22.68M	$20.38M
Receivables	$18.07M	$19.10M	$16.47M	$13.96M	$19.47M
Inventory	$7.98M	$12.10M	$12.45M	$13.76M	$15.01M
Current Assets	$35.30M	$42.28M	$41.96M	$62.23M	$66.52M
Total Assets	$45.42M	$53.87M	$63.93M	$99.94M	$106.04M
Current Liabilities	$9.07M	$10.49M	$10.08M	$10.34M	$8.69M
Long-Term Debt	$13.09M	$18.83M	$20.74M	$27.26M	$31.93M
Total Debt	$15.08M	$20.82M	$22.56M	$28.98M	$34.27M
Total Liabilities	$24.29M	$31.54M	$32.80M	$39.62M	$43.25M
Retained Earnings	-$128.84M	-$127.93M	-$125.88M	-$124.84M	-$123.83M
Shareholders' Equity	$21.13M	$22.33M	$31.13M	$60.32M	$62.78M
Working Capital	$26.23M	$31.80M	$31.88M	$51.90M	$57.83M
Net Debt	$12.80M	$17.54M	$14.39M	$4.59M	$11.56M

ELVA Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$4.47M	-$2.56M	$9.03M	$1.71M	-$7.26M
Capital Expenditure	-$879.00K	-$1.52M	-$8.80M	-$15.93M	-$1.08M
Free Cash Flow	-$5.35M	-$4.09M	$226.00K	-$14.22M	-$8.34M
Depreciation & Amortisation	$328.00K	$388.00K	$421.00K	$414.00K	$448.00K
Stock-Based Compensation	$288.00K	$543.00K	$510.00K	$195.00K	$203.00K
Investing Cash Flow	-$879.00K	-$1.70M	-$9.45M	-$17.72M	-$1.79M
Financing Cash Flow	-$2.48M	$5.33M	$5.37M	$32.29M	$7.24M
Dividends Paid	$0.00	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	-$7.84M	$1.07M	$4.95M	$16.27M	-$1.81M

Market Snapshot

About

Electrovaya Inc. is a Canadian company that designs, develops, and manufactures lithium-ion batteries and battery systems for energy storage and electric mobility applications. The company's proprietary technology emphasizes safety, longevity, and energy density in battery solutions. Electrovaya serves markets including material handling equipment (such as forklifts), electric vehicles, and stationary energy storage systems. The company operates manufacturing facilities and continues to advance its battery chemistry and production capabilities to meet growing demand for reliable energy storage solutions.