Electrovaya Inc.(ELVA)Earnings, Financials & Key Ratios
ELVA•NASDAQ
$8.98
110.0× P/E·Price updated Jul 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%
ELVA Price & Volume
Electrovaya Inc. (ELVA) stock price & volume — 10-year historical chart
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Aggressive Manufacturing Expansion Pressures Free Cash Flow
Investment Thesis • Updated 2026Q2
VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Burning
Primary Risk:OEM partner concentration risk
Key Thesis Takeaways
- Electrovaya is currently navigating a high-stakes transition toward domestic cell manufacturing, characterized by significant capital expenditure that reached 82.5% of revenue in 2026Q2.
- While the company maintains a stable gross margin profile near 30%, its reliance on a single major OEM partner and a persistent $124.2 million deficit in retained earnings create substantial execution risk.
- Investors should monitor whether the current $34.8 million debt load can effectively support the company's scaling efforts without further dilutive financing or liquidity crises.
Verdict Logic
the company's aggressive capital intensity, evidenced by a 2026Q2 FCF burn of $22.1 million, significantly outweighs its current net income of $1.0 million, suggesting a precarious path to sustainable profitability.
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%
TTM47.33%
Profit CAGR
10 Years-
5 Years24.77%
3 Years-
TTM16756.33%
EPS CAGR
10 Years-
5 Years11.71%
3 Years-
TTM2672.09%
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 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.02+100.0%
$0.01
Rev
$18M+1.7%
$18M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.02+100.0%
$0.01
Rev
$16M-7.2%
$17M
Q4 2025
Dec 10, 2025Metric
Actual
Est
EPS
$0.06+20.0%
$0.05
Rev
$20M+0.0%
$20M
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.02-50.0%
$0.04
Rev
$17M-15.4%
$20M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.02vs $0.01+100.0% | $18Mvs $18M+1.7% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Electrovaya Inc. (ELVA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.98 | $350.98M | 110.05 | 42.58% | 5.29% | 16.94% | — | |
| $0.50 | $44.33M | -5.00 | 10.52% | -7.43% | -0.06% | — | |
| $1.07 | $356.48M | -11.89 | 12.56% | -11.52% | -10.76% | — | |
| $3.79 | $655.58M | -5.83 | 340.86% | -52.97% | -146.8% | — | |
| $2.41 | $523.69K | -4.73 | 7.98% | -485.47% | -21.56% | — | |
| $6.79 | $4.16B | -8.93 | — | — | -37.3% | — |
Compare ELVA vs Peers
Electrovaya Inc. (ELVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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ELVA Frequently Asked Questions
Electrovaya Inc. (ELVA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Electrovaya Inc.'s revenue?
Electrovaya Inc. (ELVA) reported $70.7M in revenue for fiscal year 2025.
How fast is Electrovaya Inc. growing?
Electrovaya Inc. (ELVA) grew revenue by 42.6% over the past year. This is strong growth.
Is ELVA profitable?
Yes, Electrovaya Inc. (ELVA) is profitable, generating $5.0M in net income for fiscal year 2025 (5.3% net margin).
Dividend & Returns
What is ELVA's return on equity?
Electrovaya Inc. (ELVA) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.
What is Electrovaya Inc.'s free cash flow?
Electrovaya Inc. (ELVA) had negative free cash flow of $34.0M in fiscal year 2025, likely due to heavy capital investments.