GoAI
Get started
Electrovaya Inc. logo

Electrovaya Inc.

ELVA

NASDAQIndustrialsElectrical Equipment & Parts

Open in GoAI

Previous close

$6.64

−$0.04 · -0.60%

Aug 21, 4:00 PM ET

ELVA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

78

Undervalued

Momentum

44

Neutral

Sentiment

66

Bullish

Risk resilience

44

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Electrovaya, Inc. is a lithium-ion battery technology and manufacturing company. engages in designing, developing, and manufacturing proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The firm's businesses include lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles, as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties. The company was founded by Sankar Das Gupta in September 1996 and is headquartered in Mississauga, Canada.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
CA
CEO
Rajshekar Das Gupta
Listed since
Jan 5, 2010
Employees
123

Market position

Day range

Current $6.64

52-week range

Current $6.64

Open
$6.83
Previous close
$6.68
Volume
565.42K
0.65× average
Average volume
866.3K
Average daily volume
Market cap
328.73M USD
Beta
0.61
Market reference 1
50-day average
$8.9884
-26.13% below average
200-day average
$8.4614
-21.53% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
246.37M USD
P/E (TTM)
67.21×
P/B (TTM)
4.91×
P/S (TTM)
4.64×
EV / EBITDA
45.28×
Earnings yield
1.46%
Free cash flow yield
-4.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
31.44%
Operating margin
9.52%
Net margin
6.19%
Return on equity
10.80%
Return on assets
5.26%
Return on invested capital
10.22%

Financial health

Debt / equity
0.62×
Current ratio
4.16×
Altman Z-score
3.8
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%-1%-44%-87%Gross margin, FY2021: 22.80%Gross margin, FY2022: 20.64%Gross margin, FY2023: 25.74%Gross margin, FY2024: 30.64%Gross margin, FY2025: 30.62%Operating margin, FY2021: -73.35%Operating margin, FY2022: -46.54%Operating margin, FY2023: 2.77%Operating margin, FY2024: 1.63%Operating margin, FY2025: 8.71%Net margin, FY2021: -75.93%Net margin, FY2022: -58.97%Net margin, FY2023: -3.41%Net margin, FY2024: -3.33%Net margin, FY2025: 5.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.80%. Gross margin FY2022 20.64%. Gross margin FY2023 25.74%. Gross margin FY2024 30.64%. Gross margin FY2025 30.62%. Operating margin FY2021 -73.35%. Operating margin FY2022 -46.54%. Operating margin FY2023 2.77%. Operating margin FY2024 1.63%. Operating margin FY2025 8.71%. Net margin FY2021 -75.93%. Net margin FY2022 -58.97%. Net margin FY2023 -3.41%. Net margin FY2024 -3.33%. Net margin FY2025 5.29%.

Income trends

Revenue

63.58M USD+42.58%

Operating income

5.54M USD+659.95%

Net income

3.36M USD+4.85M USD
Income trends across reported periods70.85M USD41.74M USD12.63M USD−16.49M USDRevenue, FY2021: 9.92M USDRevenue, FY2022: 15.62M USDRevenue, FY2023: 43.37M USDRevenue, FY2024: 44.59M USDRevenue, FY2025: 63.58M USDOperating income, FY2021: −7.28M USDOperating income, FY2022: −7.27M USDOperating income, FY2023: 1.2M USDOperating income, FY2024: 729K USDOperating income, FY2025: 5.54M USDNet income, FY2021: −7.53M USDNet income, FY2022: −9.21M USDNet income, FY2023: −1.48M USDNet income, FY2024: −1.49M USDNet income, FY2025: 3.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.92M USD. Revenue FY2022 15.62M USD. Revenue FY2023 43.37M USD. Revenue FY2024 44.59M USD. Revenue FY2025 63.58M USD. Operating income FY2021 −7.28M USD. Operating income FY2022 −7.27M USD. Operating income FY2023 1.2M USD. Operating income FY2024 729K USD. Operating income FY2025 5.54M USD. Net income FY2021 −7.53M USD. Net income FY2022 −9.21M USD. Net income FY2023 −1.48M USD. Net income FY2024 −1.49M USD. Net income FY2025 3.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue63.58M USD44.59M USD43.37M USD15.62M USD9.92M USD
Cost of goods sold44.11M USD30.93M USD32.2M USD12.4M USD7.66M USD
Gross profit19.47M USD13.66M USD11.16M USD3.22M USD2.26M USD
Research and development4.38M USD3.04M USD3.38M USD3.43M USD4.56M USD
Selling, general, and administrative8.36M USD9.03M USD6.75M USD7.42M USD4.53M USD
Operating expenses13.93M USD12.93M USD9.96M USD10.49M USD9.54M USD
Interest expense2.6M USD3.2M USD2.5M USD2.29M USD2.67M USD
Depreciation and amortization1.53M USD1.21M USD907K USD503K USD319K USD
Operating income5.54M USD729K USD1.2M USD−7.27M USD−7.28M USD
Net income3.36M USD−1.49M USD−1.48M USD−9.21M USD−7.53M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-4.70%
11 comparable reports
Latest EPS result
0.01
Estimate 0.03 · Miss by 66.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.10.05-0.01-0.06Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual -0.01, estimate -0.02, surprise +50.00%, Beat. Q2 2025, reported May 14, 2025: actual 0.02, estimate 0.03, surprise -33.33%, Miss. Q3 2025, reported Aug 13, 2025: actual 0.02, estimate 0.04, surprise -50.00%, Miss. Q4 2025, reported Dec 10, 2025: actual 0.06, estimate 0.05, surprise +20.00%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.02, estimate 0.01, surprise +100.00%, Beat. Q2 2026, reported May 14, 2026: actual 0.02, estimate 0.01, surprise +100.00%, Beat. Q3 2026, reported Aug 10, 2026: actual 0.01, estimate 0.03, surprise -66.67%, Miss. Q4 2026, reported Dec 9, 2026: actual —, estimate 0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates22.3M18.31M14.33M10.34MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 11.2M USD, estimate 12.01M USD, surprise -6.74%, Miss. Q2 2025, reported May 14, 2025: actual 15.02M USD, estimate 15.91M USD, surprise -5.63%, Miss. Q3 2025, reported Aug 13, 2025: actual 17.13M USD, estimate 16.74M USD, surprise +2.34%, Beat. Q4 2025, reported Dec 10, 2025: actual 20.51M USD, estimate 20.25M USD, surprise +1.28%, Beat. Q1 2026, reported Feb 12, 2026: actual 15.5M USD, estimate 16.71M USD, surprise -7.23%, Miss. Q2 2026, reported May 14, 2026: actual 18.05M USD, estimate 17.74M USD, surprise +1.74%, Beat. Q3 2026, reported Aug 10, 2026: actual 17.72M USD, estimate 21.44M USD, surprise -17.38%, Miss. Q4 2026, reported Dec 9, 2026: actual —, estimate 21.42M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$17.50

163.55% upside
Past 12 months12-month forecastHigh $22.00Average $17.50Low $13.00

Rating distribution

5 ratings
Strong buy120%
Buy480%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

5 institutions
OppenheimermaintainOutperform
Raymond JamesmaintainStrong Buy

ELVA news

seekingalpha.com

Electrovaya: A Bad Case Of Overpromising And Underdelivering - Sell

Electrovaya reported disappointing Q3-FY2026 results with both sales and profitability falling short of consensus expectations. Management blamed the miss on customer project delays. As a result, the company's fiscal…

Read source
marketbeat.com

Electrovaya Q3 Earnings Call Highlights

Electrovaya NASDAQ: ELVA reported third-quarter fiscal 2026 revenue of $17.7 million, up from $17.1 million a year earlier, while highlighting a recently announced commercial agreement with Amazon, the launch of its…

Read source
zacks.com

Electrovaya Inc. (ELVA) Q3 Earnings and Revenues Miss Estimates

Electrovaya Inc. (ELVA) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago.

Read source
accessnewswire.com

Electrovaya Reports Fiscal Year Q3 2026 Results

Record Quarterly Gross Margin of 34.9%; Record Adjusted EBITDA¹ of $3.7 Million, Up 27% Year over Year; Quarterly revenue of $17.7 million Amazon Commercial Agreement and ElvaPulse™ 1500 Launch Position Company for…

Read source
accessnewswire.com

Electrovaya to Participate in Upcoming Investor Conferences

TORONTO, ON / ACCESS Newswire / August 6, 2026 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today announced that members of its management team will be…

Read source
accessnewswire.com

Electrovaya Announces date for Q3-2026 Financial Results & Conference Call

TORONTO, ON / ACCESS Newswire / August 5, 2026 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its third quarter…

Read source

Corporate actions

Corporate action history

Stock split

Effective Jun 16, 2023

1:5

ELVA peers

Space Exploration Technologies Corp. logo

SPCX

Space Exploration Technologies Corp.

$136.97

+2.22%

CSX Corporation logo

CSX

CSX Corporation

$51.59

+1.22%

Cintas Corporation logo

CTAS

Cintas Corporation

$203.79

+0.13%

PACCAR Inc logo

PCAR

PACCAR Inc

$131.03

+1.62%

Honeywell International Inc. logo

HON

Honeywell International Inc.

$215.9

-1.11%

Fastenal Company logo

FAST

Fastenal Company

$51.26

+1.18%

ETFs holding ELVA

Funds reporting this stock among their holdings, ordered by reported position size.

First Trust NASDAQ Clean Edge Green Energy Index Fund logoFirst Trust NASDAQ Clean Edge Green Energy Index FundQCLN
Market value
690.77K
Weight
0.12%
AUM
585.5M USD
Expense ratio
0.59%
Price / 1D
$50.46+1.20%
ALPS Clean Energy ETF logoALPS Clean Energy ETFACES
Market value
357.86K
Weight
0.31%
AUM
115.9M USD
Expense ratio
0.55%
Price / 1D
$31.34+1.19%
State Street SPDR S&P Kensho Smart Mobility ETF logoState Street SPDR S&P Kensho Smart Mobility ETFHAIL
Market value
135.89K
Weight
0.71%
AUM
19.16M USD
Expense ratio
0.45%
Price / 1D
$37.51+1.81%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
38.46K
Weight
0.00%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
9.59K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
8.8K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%

Continue in GoAI

Research ELVA

research.disclaimer