ELVA revenueFY2025$63.83M
- FY YoY
- +43.1%
ELVA revenue was $63.83M for fiscal 2025 (ended Sep 30, 2025), up 43.1% from fiscal 2024. It rose in each of the last 3 fiscal years.
Electrovaya Inc. (ELVA) financials
For fiscal 2025 (ended Sep 30, 2025), Electrovaya Inc. reported $63.83M of revenue and $3.36M of net income.
- Revenue, FY2025
- $63.83M
- Revenue growth, YoY
- +43.1%
- Net income, FY2025
- $3.36M
- Net margin
- 5.3%
- Cash
- $1.59M
- P/E
- 78.50
- P/S
- 4.14
- Market cap
- $264.0M
FY2022FY2025
FY2022FY2025
ELVA revenue and earnings growth
ELVA net incomeFY2025$3.36M
ELVA net income was $3.36M for fiscal 2025 (ended Sep 30, 2025), compared with -$1.49M in fiscal 2024.
Income statement
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 |
|---|---|---|---|---|
| Revenue | $63.83M | $44.62M | $44.06M | $16.27M |
| Gross profit | $19.72M | $13.69M | $11.86M | $3.87M |
| Research and development | - | - | $3.38M | $3.43M |
| Selling, general and admin | - | - | $3.69M | $3.05M |
| Interest expense | $1.0K | $76.0K | $2.5K | $3.0K |
| Net income | $3.36M | -$1.49M | -$1.48M | -$9.21M |
| Diluted shares | - | - | 33.83B | 29.34B |
Balance sheet
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.59M | $159.0K | $1.00M | $600.0K |
| Inventory | $12.45M | $9.70M | $8.27M | $7.36M |
| Current assets | $41.96M | $29.42M | $25.91M | $14.79M |
| Total assets | $63.93M | $39.48M | $36.51M | $22.19M |
| Current liabilities | $10.08M | $28.53M | $26.61M | $22.66M |
| Total liabilities | $32.80M | $30.90M | $29.37M | $28.90M |
| Shareholders' equity | $31.13M | $8.59M | $7.15M | -$6.71M |
Cash flow
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 |
|---|---|---|---|---|
| Operating cash flow | $1.72M | $1.04M | -$4.9K | -$8.8K |
| Investing cash flow | -$12.04M | -$666.0K | -$903 | -$212 |
| Financing cash flow | $15.90M | -$629.0K | $6.2K | $7.9K |
| Stock-based compensation | $1.76M | $2.15M | $1.17M | $3.22M |
Key ratios
Source: XBRL data Electrovaya Inc. files with the SEC, latest filing dated Dec 19, 2025 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
ELVA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ELVA | $63.83M | +43.1% | $3.36M | 5.3% | $264.0M |
| ASML | €32.67B | +15.6% | €9.61B | 29.4% | $583.23B |
| LRCX | $26.13B | +33.4% | $8.45B | 32.3% | $276.45B |
| TMO | $47.35B | +8.3% | $7.07B | 14.9% | $267.38B |
| DE | $47.98B | +8.0% | $4.87B | 10.2% | $186.39B |
| DHR | $25.61B | +5.5% | $4.33B | 16.9% | $165.41B |
| ETN | $31.98B | +20.1% | $3.90B | 12.2% | $139.59B |
| JCI | $24.43B | +5.1% | $3.53B | 14.5% | $85.71B |
| ITW | $16.65B | +4.8% | $3.23B | 19.4% | $81.49B |
ELVA FAQ
7 questionsWhat is ELVA revenue?
Electrovaya Inc. (ELVA) reported $63.83M of revenue for fiscal 2025 (ended Sep 30, 2025). That is up 43.1% from the year before.Is ELVA profitable?
Yes. Electrovaya Inc. earned $3.36M in net income for fiscal 2025 (ended Sep 30, 2025), a net margin of 5.3%.How much cash and debt does ELVA have?
Electrovaya Inc. reported $1.59M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is ELVA revenue growing?
Electrovaya Inc.'s revenue changed +43.1% in fiscal 2025, to $63.83M.What is ELVA gross margin?
Electrovaya Inc.'s gross profit was $19.72M on $63.83M of revenue for fiscal 2025 (ended Sep 30, 2025), a gross margin of 30.9%.When did ELVA last report financial results?
The latest statements here come from Electrovaya Inc.'s 40-F filed on Dec 19, 2025, covering the period ended Sep 30, 2025.Where does this ELVA financial data come from?
Quantisnow builds these statements from the structured XBRL data Electrovaya Inc. files with the SEC. It is provided for information only and is not investment advice.