Electrovaya Financials
This page shows Electrovaya (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).
Electrovaya’s recent filings show a balance-sheet repair underway, with financing pressure easing before a full earnings turnaround.
The least obvious shift is that liquidity improved through liability reduction, not cash accumulation: cash only moved from$781K to$1.29M between FY2024 and FY2025. Yet the current ratio moved from roughly 1x to 4.0x as current liabilities fell sharply, meaning the company changed the shape of its short-term obligations far more than the cash line alone would suggest.
The business is not yet showing a clean profit recovery, but earnings quality improved before the balance sheet did: FY2024 showed a net loss of
The bigger structural change is in capital structure: equity moved from negative in FY2022 to
Financial Health Signals
Electrovaya 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
None of these metrics is reported for fiscal year 2025.
Cash & Balance Sheet
Electrovaya held $1.3M in cash against $1.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 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.
| Metric | Q4'25 | Q1'25 | Q4'24 | Q1'24 | Q1'23 |
|---|---|---|---|---|---|
| Revenue | $17.1M | N/A | $10.3M | N/A | N/A |
| Net Income | $907K | N/A | -$324K | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, EPS (Diluted).
ELVA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q1'25 | Q4'24 | Q1'24 | Q1'23 |
|---|---|---|---|---|---|
| Total Assets | $53.9M+36.4% | $39.5M | N/A | $36.5M+64.6% | $22.2M |
| Current Assets | $42.3M+43.7% | $29.4M | N/A | $25.9M+75.2% | $14.8M |
| Cash & Equivalents | $1.3M+65.2% | $781K | N/A | $1.0M+66.7% | $600K |
| Inventory | $12.1M+24.7% | $9.7M | N/A | $8.3M+12.4% | $7.4M |
| Total Liabilities | $31.5M+2.1% | $30.9M | N/A | $29.4M+1.6% | $28.9M |
| Current Liabilities | $10.5M-63.2% | $28.5M | N/A | $26.6M+17.4% | $22.7M |
| Long-Term Debt | $1.6M-16.0% | $1.9M | N/A | $2.3M+104508.5% | $2K |
| Total Equity | $22.3M+160.2% | $8.6M+12.7% | $7.6M+6.6% | $7.1M+206.5% | -$6.7M |
| Retained Earnings | -$127.9M+1.0% | -$129.2M | N/A | -$127.8M+0.9% | -$129.0M |
Not reported in any period shown, so not listed: Accounts Receivable, 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.
| Metric | Q4'25 | Q1'25 | Q4'24 | Q1'24 | Q1'23 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | $728K | N/A | N/A | N/A |
| Investing Cash Flow | N/A | -$128K | N/A | N/A | N/A |
| Financing Cash Flow | N/A | -$500K | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ELVA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q1'25 | Q4'24 | Q1'24 | Q1'23 |
|---|---|---|---|---|---|
| Net Margin | 5.3% | N/A | -3.1% | N/A | N/A |
| Return on Equity | 4.1% | N/A | -4.3% | N/A | N/A |
| Return on Assets | 1.7% | N/A | N/A | N/A | N/A |
| Current Ratio | 4.03+3.0x | 1.03 | N/A | 0.97+0.3x | 0.65 |
| Debt-to-Equity | 0.07-0.1x | 0.22 | N/A | 0.33 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
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Where Electrovaya Ranks
Frequently Asked Questions
How much debt does Electrovaya have?
As of fiscal year 2025, Electrovaya (ELVA) had $1.3M in cash and equivalents against $1.6M in long-term debt.
What are Electrovaya's total assets?
Electrovaya (ELVA) had $53.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Electrovaya's current ratio?
Electrovaya (ELVA) had a current ratio of 4.03 as of fiscal year 2025, which is generally considered healthy.
What is Electrovaya's debt-to-equity ratio?
Electrovaya (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.