Electrovaya Inc.
ELVA Nasdaq· Miscellaneous Electrical Machinery, Equipment & Supplies
KIRA · Stoqly’s AI analyst, in plain words
- Electrovaya Inc. had $63.8M of revenue in fiscal 2025, up 43.1% on the year before.
- Electrovaya Inc. made $3.4M of net profit in fiscal 2025.
Market cap
—
P/E
—
Revenue
$63.8M
Net income
$3.4M
Free cash flow
—
Operating margin
—
Electrovaya Inc. in 30 seconds · fiscal 2025
Are sales growing?
+43.1%
Yes. Sales grew 43.1% last year.
Does it make a profit?
5.3%
A little. It keeps 5.3% of every sale as profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
What Electrovaya Inc. does
No business description yet.
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 40-F · Dec 19, 2025
- Legal name
- Electrovaya Inc.
- CIK
- 0001844450
Electrovaya Inc. · ELVA
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $16.3M | $44.1M | $44.6M | $63.8M |
| Revenue growth | — | 170.8% | 1.3% | 43.1% |
| Gross margin | 23.8% | 26.9% | 30.7% | 30.9% |
| Net income | −$9.2M | −$1.5M | −$1.5M | $3.4M |
| Net margin | −56.6% | −3.4% | −3.3% | 5.3% |
| Cash | ||||
| Cash from operations | −$0.0M | −$5.2M | $1.0M | $1.7M |
| Share count change | — | −99.9% | 0.5% | — |
| Debt and strength | ||||
| Cash and short-term investments | $0.6M | $1.0M | $0.8M | — |
| Debt incl. finance leases | $3.8M | $4.1M | $1.7M | $0.0M |
| Shareholders' equity | −$6.7M | $7.1M | $8.6M | $31.1M |
| Current ratio | 0.7x | 1.0x | 1.0x | 4.2x |
| Returns and quality | ||||
| Return on equity | — | −673.8% | −18.9% | 16.9% |
| Return on tangible equity | — | −20.7% | −17.3% | 10.8% |
| Piotroski F-score | — | 6 | 6 | 6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Electrovaya Inc. · ELVA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001844450). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.