ELVA
Electrovaya Inc.
NASDAQ: ELVA · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$9.26
+2.89% today
Updated 2026-04-30
Market cap
$481.00M
P/E ratio
88.55
P/S ratio
7.54x
EPS (TTM)
$0.11
Dividend yield
—
52W range
$3 – $12
Volume
0.4M
Electrovaya Inc. (ELVA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.36M | $2.34M | $2.54M | $3.78M | $5.03M | $10.26M | $9.85M | $2.84M | $7.40M | $16.57M | $19.54M | $2.27M | $5.63M | $4.42M | $13.66M | $9.92M | $15.62M | $43.37M | $44.59M | $63.58M |
| Revenue growth (YoY) | — | -30.2% | +8.4% | +48.8% | +32.9% | +104.3% | -4.0% | -71.2% | +160.5% | +123.8% | +17.9% | -88.4% | +147.6% | -21.5% | +208.9% | -27.4% | +57.4% | +177.6% | +2.8% | +42.6% |
| Cost of revenue | $3.21M | $3.35M | $1.38M | $1.32M | $3.66M | $7.62M | $5.48M | $2.22M | $4.58M | $11.59M | $14.66M | $1.37M | $3.87M | $2.95M | $9.59M | $7.66M | $12.40M | $32.20M | $30.93M | $44.11M |
| Gross profit | $148519.00 | $-1.01M | $1.16M | $2.46M | $1.37M | $2.64M | $4.37M | $619000.00 | $2.82M | $4.98M | $4.87M | $905000.00 | $1.76M | $1.48M | $4.07M | $2.26M | $3.22M | $11.16M | $13.66M | $19.47M |
| Gross margin | 4.4% | -43.0% | 45.7% | 65.0% | 27.2% | 25.8% | 44.4% | 21.8% | 38.1% | 30.0% | 24.9% | 39.8% | 31.3% | 33.3% | 29.8% | 22.8% | 20.6% | 25.7% | 30.6% | 30.6% |
| R&D | $1.04M | $887503.00 | $3.91M | $3.92M | $1.70M | $1.79M | $3.92M | $3.56M | $2.54M | $4.58M | $6.15M | $2.98M | $3.83M | $2.86M | $2.75M | $4.55M | $3.43M | $3.38M | $3.04M | $4.38M |
| SG&A | — | — | — | $1.46M | $803000.00 | $2.54M | $2.26M | $1.55M | $3.04M | $1.68M | $4.43M | $1.28M | $3.07M | $2.77M | $1.93M | $3.25M | $6.27M | $4.85M | $6.09M | $5.43M |
| Operating income | $-4.90M | $-4.22M | $-4.50M | $-808000.00 | $-2.14M | $-1.98M | $-2.91M | $-4.66M | $-4.08M | $-3.28M | $-8.42M | $-4.70M | $-10.19M | $-7.06M | $-3.90M | $-7.28M | $-7.27M | $1.20M | $729000.00 | $5.54M |
| Operating margin | -145.8% | -180.1% | -177.1% | -21.4% | -42.5% | -19.3% | -29.6% | -163.8% | -55.1% | -19.8% | -43.1% | -206.7% | -180.9% | -159.5% | -28.5% | -73.4% | -46.5% | 2.8% | 1.6% | 8.7% |
| EBITDA | $-3.92M | $-3.57M | $-3.94M | $-305000.00 | $-1.48M | $-1.34M | $-2.48M | $-3.04M | $-2.23M | $-1.43M | $-7.18M | $-1.41M | $-6.41M | $-608000.00 | $4.42M | $-4.55M | $-6.42M | $1.25M | $2.92M | $5.44M |
| EBITDA margin | -116.7% | -152.5% | -154.9% | -8.1% | -29.5% | -13.1% | -25.1% | -107.1% | -30.1% | -8.6% | -36.8% | -62.1% | -113.8% | -13.7% | 32.3% | -45.8% | -41.1% | 2.9% | 6.6% | 8.6% |
| EBIT | $-4.90M | $-4.22M | $-4.50M | $-808000.00 | $-2.14M | $-1.61M | $-2.91M | $-4.00M | $-2.84M | $-2.05M | $-7.76M | $-1.72M | $-6.72M | $-717000.00 | $4.21M | $-4.87M | $-6.92M | $341000.00 | $1.72M | $3.91M |
| Interest expense | — | — | — | — | — | $389000.00 | $965000.00 | $557000.00 | $604000.00 | $653000.00 | $853000.00 | $2.93M | $3.45M | $2.12M | $3.10M | $2.67M | $2.29M | $2.50M | $3.20M | $2.60M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-7.94M | $-4.64M | $-3.95M | $-577000.00 | $-2.35M | $-2.00M | $-3.87M | $-4.56M | $-3.45M | $-3.19M | $-8.79M | $-21.17M | $-22.66M | $-2.84M | $1.11M | $-7.53M | $-9.21M | $-1.48M | $-1.49M | $3.36M |
| Net income growth (YoY) | — | +41.6% | +14.8% | +85.4% | -307.5% | +15.1% | -94.1% | -17.8% | +24.4% | +7.3% | -175.3% | -140.9% | -7.0% | +87.5% | +139.2% | -777.5% | -22.3% | +83.9% | -0.4% | +326.5% |
| Profit margin | -236.5% | -198.0% | -155.6% | -15.3% | -46.8% | -19.4% | -39.3% | -160.5% | -46.5% | -19.3% | -45.0% | -930.7% | -402.2% | -64.1% | 8.1% | -75.9% | -59.0% | -3.4% | -3.3% | 5.3% |