Electrovaya Inc. (ELVA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for FY2025, filed Aug 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ELVA SEC filings page.
This page shows Electrovaya Inc. (ELVA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The balance sheet strengthened sharply, but flat sales and recurring losses show an operation still seeking durable profitability.
The clearest earnings-quality shift is that FY2024 generated operating cash flow of$1.0M despite a net loss of$1.5M . That reversed FY2023 operating cash flow of-$5.2M while the loss remained nearly unchanged, showing cash conversion moved for reasons beyond reported earnings, consistent with working-capital or other non-cash movements.
Revenue rose only from
FY2025 total assets reached
Financial Health Signals
Electrovaya Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Electrovaya Inc. generated $17.1M in revenue in Q4 2025. This represents an increase of 66.8% from the same quarter a year earlier.
Electrovaya Inc. reported $907K in net income in Q4 2025. This represents an increase of 379.9% from the same quarter a year earlier.
Not reported for Q4 2025.
Not reported for Q4 2025.
Cash & Balance Sheet
Electrovaya Inc. held $1.3M in cash against $1.6M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
Electrovaya Inc.'s net profit margin was 5.3% in Q4 2025, showing the share of revenue converted to profit. This is up 8.4 percentage points from the same quarter a year earlier.
Electrovaya Inc.'s ROE was 4.1% in Q4 2025, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the same quarter a year earlier.
Not reported for Q4 2025.
Not reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
ELVA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
ELVA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'256-K | Q1'256-K | Q4'246-K | Q1'2410-K | Q1'2310-K |
|---|---|---|---|---|---|
| Total Assets | $53.9M | $39.5M+8.1% | N/A | $36.5M+64.6% | $22.2M |
| Current Assets | $42.3M | $29.4M+13.6% | N/A | $25.9M+75.2% | $14.8M |
| Cash & Equivalents | $1.3M | $781K-21.9% | N/A | $1.0M+66.7% | $600K |
| Inventory | $12.1M | $9.7M+17.3% | N/A | $8.3M+12.4% | $7.4M |
| Total Liabilities | $31.5M | $30.9M+5.2% | N/A | $29.4M+1.6% | $28.9M |
| Current Liabilities | $10.5M | $28.5M+7.2% | N/A | $26.6M+17.4% | $22.7M |
| Non-Current Liabilities | $21.0M | $2.4M-14.2% | N/A | $2.8M-55.8% | $6.2M |
| Long-Term Debt | $1.6M | $1.9M-20.0% | N/A | $2.3M+104508.5% | $2K |
| Total Equity | $22.3M+193.1% | $8.6M+20.1% | $7.6M | $7.1M+206.5% | -$6.7M |
| Retained Earnings | -$127.9M | -$129.2M-1.2% | N/A | -$127.8M+0.9% | -$129.0M |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Goodwill.
ELVA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ELVA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Electrovaya Inc. ELVA | FY2025 | N/A | N/A | N/A | $268.5M | — |
| Stardust Power Inc. SDST | FY2025 | N/A | -$3.8M | N/A | $808K | — |
| GrafTech International Ltd. EAF | FY2025 | $504.1M | -$219.8M | -43.6% | $237.7M | 22/100 |
| FuelCell Energy Inc NEW (DE) FCEL | FY2025 | $158.2M | -$187.9M | N/A | $1.4B | 60/100 |
| T1 Energy Inc. TE | FY2025 | $755.3M | -$381K | -0.1% | $998.3M | 36/100 |
| NOVONIX Limited NVX | FY2025 | $5.6M | -$92.7M | N/A | $62.3M | 15/100 |
Where Electrovaya Inc. Ranks
Frequently Asked Questions
How much debt does Electrovaya Inc. have?
As of fiscal year 2025, Electrovaya Inc. (ELVA) had $1.3M in cash and equivalents against $1.6M in long-term debt.
What are Electrovaya Inc.'s total assets?
Electrovaya Inc. (ELVA) had $53.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Electrovaya Inc.'s current ratio?
Electrovaya Inc. (ELVA) had a current ratio of 4.03 as of fiscal year 2025, which is generally considered healthy.
What is Electrovaya Inc.'s debt-to-equity ratio?
Electrovaya Inc. (ELVA) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Electrovaya Inc.'s P/E ratio?
Electrovaya Inc. (ELVA) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $268.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Electrovaya Inc.'s price-to-sales ratio?
Electrovaya Inc. (ELVA) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $268.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.