ELVA
Electrovaya Inc.
Price Chart
Latest Quote
$10.42
+0.52 (+5.25%)
Current Price
| Previous Close | $9.90 |
| Open | $10.30 |
| Day High | $10.49 |
| Day Low | $9.91 |
| Volume | 296,285 |
Stock Information
| Shares Outstanding | 49.51M |
| Total Debt | $34.27M |
| Cash Equivalents | $20.38M |
| Revenue | $71.24M |
| Net Income | $5.01M |
| Sector | Industrials |
| Industry | Electrical Equipment & Parts |
| Market Cap | $515.87M |
| P/E Ratio | 94.73 |
| EPS (TTM) | $0.11 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $529.76M |
| Sales | $71.24M |
| Income | $5.01M |
| Book/sh | $1.27 |
| Cash/sh | $0.41 |
Financial Ratios
| Quick Ratio | 4.59 |
| Current Ratio | 7.66 |
| Debt/Eq | 54.58 |
| EPS Growth TTM | 22.90% |
Returns & Margins
| ROA | 6.51% |
| ROE | 11.94% |
| Gross Margin | 31.99% |
| Operating Margin | 12.10% |
| Profit Margin | 7.03% |
Ownership
| Insider Ownership | 30.94% |
| Institutional Ownership | 29.64% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 29.27 |
| PEG | 1.44 |
| P/S | 7.24 |
| P/B | 8.22 |
Analyst Data
| Recommendation | none |
| Target Price | $14.80 |
Technical Indicators
| SMA20 | $10.65 |
| SMA50 | $10.09 |
| SMA200 | $7.93 |
| RSI | 41.07 |
| ATR | 0.8207 |
| Shares Float | 32.10M |
| Short Ratio | 3.56 |
| Volatility | 0.58 |
| Rel Volume | 0.77 |
Performance History
| Week | +6.22% |
| Month | +10.03% |
| Quarter | +36.21% |
| 6 Months | +59.08% |
| YTD | +31.57% |
| Year | +211.04% |
| 3 Years | +185.48% |
| 5 Years | +73.67% |
| 10 Years | -29.59% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $10.42 | 296,200 |
| 2026-06-17 | $9.90 | 236,900 |
| 2026-06-16 | $9.57 | 341,800 |
| 2026-06-15 | $10.12 | 299,100 |
| 2026-06-12 | $9.50 | 333,500 |
| 2026-06-11 | $9.81 | 383,000 |
| 2026-06-10 | $9.30 | 343,900 |
| 2026-06-09 | $9.85 | 299,800 |
| 2026-06-08 | $10.35 | 301,700 |
| 2026-06-05 | $10.34 | 527,100 |
| 2026-06-04 | $11.11 | 514,300 |
| 2026-06-03 | $11.28 | 453,000 |
| 2026-06-02 | $12.26 | 692,600 |
| 2026-06-01 | $11.33 | 505,700 |
| 2026-05-29 | $11.69 | 317,500 |
| 2026-05-28 | $11.71 | 331,200 |
| 2026-05-27 | $11.57 | 256,300 |
| 2026-05-26 | $11.65 | 610,600 |
| 2026-05-22 | $10.88 | 331,300 |
| 2026-05-21 | $10.31 | 294,900 |
| 2026-05-20 | $10.19 | 436,600 |
| 2026-05-19 | $9.47 | 716,700 |
About Electrovaya Inc.
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
đ° Latest News
Electrovaya (ELVA) Eyes Operational Expansion to Fuel Growth
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Period:
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Income Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $44,179,000 | $30,926,000 | $32,203,000 | $12,396,000 |
| Cost Of Revenue | $44,106,000 | $30,926,000 | $32,203,000 | $12,396,000 |
| Total Revenue | $63,576,000 | $44,589,000 | $43,366,000 | $15,620,000 |
| Operating Revenue | $63,576,000 | $43,953,000 | $42,384,000 | $15,332,000 |
| Expenses | ||||
| Interest Expense | $2,604,000 | $3,200,000 | $2,499,000 | $2,291,000 |
| Total Expenses | $58,036,000 | $43,860,000 | $42,163,000 | $22,889,000 |
| Other Income Expense | $-1,475,000 | $1,486,000 | $-526,000 | $1,091,000 |
| Net Non Operating Interest Income Expense | $-2,755,000 | $-3,700,000 | $-2,835,000 | $-3,033,000 |
| Total Other Finance Cost | $151,000 | $500,000 | $336,000 | $742,000 |
| Interest Expense Non Operating | $2,604,000 | $3,200,000 | $2,499,000 | $2,291,000 |
| Operating Expense | $13,930,000 | $12,934,000 | $9,960,000 | $10,493,000 |
| Other Operating Expenses | $-339,000 | $-342,000 | $-1,080,000 | $-860,000 |
| Selling And Marketing Expense | $2,928,000 | $2,935,000 | $1,897,000 | $1,147,000 |
| General And Administrative Expense | $5,435,000 | $6,094,000 | $4,854,000 | $6,269,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Net Interest Income | $-2,755,000 | $-3,700,000 | $-2,835,000 | $-3,033,000 |
| Normalized Income | $4,616,750 | $-2,971,000 | $-1,118,502 | $-10,302,000 |
| Net Income From Continuing And Discontinued Operation | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Total Operating Income As Reported | $5,540,000 | $729,000 | $1,203,000 | $-7,269,000 |
| Net Income Common Stockholders | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Net Income | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Net Income Including Noncontrolling Interests | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Net Income Continuous Operations | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Pretax Income | $1,310,000 | $-1,485,000 | $-2,158,000 | $-9,211,000 |
| Operating Income | $5,540,000 | $729,000 | $1,203,000 | $-7,269,000 |
| Depreciation Amortization Depletion Income Statement | $1,527,000 | $1,209,000 | $907,000 | $503,000 |
| Depreciation And Amortization In Income Statement | $1,527,000 | $1,209,000 | $907,000 | $503,000 |
| Gross Profit | $19,470,000 | $13,663,000 | $11,163,000 | $3,224,000 |
| Depreciation Income Statement | - | - | $907,000 | $503,000 |
| Amortization Of Intangibles Income Statement | - | - | - | $399,000 |
| Per Share | ||||
| Diluted EPS | $0.08 | $-0.04 | $-0.04 | $-0.31 |
| Basic EPS | $0.09 | $-0.04 | $-0.04 | $-0.31 |
| Other | ||||
| Tax Effect Of Unusual Items | $-221,250 | $0 | $-165,502 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $6,916,000 | $1,438,000 | $1,774,000 | $-7,508,000 |
| Total Unusual Items | $-1,475,000 | $1,486,000 | $-526,000 | $1,091,000 |
| Total Unusual Items Excluding Goodwill | $-1,475,000 | $1,486,000 | $-526,000 | $1,091,000 |
| Reconciled Depreciation | $1,454,000 | $1,209,000 | $907,000 | $503,000 |
| EBITDA (Bullshit earnings) | $5,441,000 | $2,924,000 | $1,248,000 | $-6,417,000 |
| EBIT | $3,914,000 | $1,715,000 | $341,000 | $-6,920,000 |
| Basic Average Shares | $39,077,512 | $34,012,383 | $33,832,784 | $29,344,622 |
| Diluted NI Availto Com Stockholders | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Tax Provision | $-2,053,000 | $0 | $-679,000 | $0 |
| Gain On Sale Of Security | $-1,475,000 | $1,486,000 | $-526,000 | $1,091,000 |
| Research And Development | $4,379,000 | $3,038,000 | $3,382,000 | $3,434,000 |
| Selling General And Administration | $8,363,000 | $9,029,000 | $6,751,000 | $7,416,000 |
| Other Gand A | $3,679,000 | $3,939,000 | $3,687,000 | $3,046,000 |
| Salaries And Wages | $1,756,000 | $2,155,000 | $1,167,000 | $3,223,000 |
| Amortization | - | - | - | $399,000 |
Fetched: 2026-06-15
Balance Sheet (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $31,127,000 | $8,585,000 | $7,146,000 | $-6,707,000 |
| Total Assets | $63,931,000 | $39,482,000 | $36,514,000 | $22,189,000 |
| Total Non Current Assets | $21,975,000 | $10,064,000 | $10,608,000 | $7,401,000 |
| Non Current Prepaid Assets | $6,865,000 | $90,000 | $459,000 | $88,000 |
| Non Current Deferred Assets | $2,067,000 | $0 | - | - |
| Non Current Deferred Taxes Assets | $2,067,000 | $0 | - | - |
| Current Assets | $41,956,000 | $29,418,000 | $25,906,000 | $14,788,000 |
| Restricted Cash | $656,000 | $0 | - | - |
| Prepaid Assets | $6,017,000 | $7,647,000 | $5,997,000 | $3,894,000 |
| Inventory | $12,451,000 | $9,698,000 | $8,266,000 | $7,355,000 |
| Receivables | $16,474,000 | $11,292,000 | $10,611,000 | $2,913,000 |
| Other Receivables | $2,760,000 | $779,000 | $1,464,000 | $51,000 |
| Accounts Receivable | $13,714,000 | $10,513,000 | $9,147,000 | $2,862,000 |
| Allowance For Doubtful Accounts Receivable | $-82,000 | $-64,000 | $-257,000 | $-54,000 |
| Gross Accounts Receivable | $13,796,000 | $10,577,000 | $9,404,000 | $2,916,000 |
| Cash Cash Equivalents And Short Term Investments | $6,358,000 | $781,000 | $1,032,000 | $626,000 |
| Cash And Cash Equivalents | $6,358,000 | $781,000 | $1,032,000 | $626,000 |
| Debt | ||||
| Net Debt | $14,386,000 | $17,651,000 | $15,272,000 | $20,084,000 |
| Total Debt | $22,559,000 | $20,774,000 | $19,031,000 | $23,109,000 |
| Long Term Debt And Capital Lease Obligation | $22,201,000 | $1,871,000 | $2,338,000 | $5,692,000 |
| Long Term Debt | $20,744,000 | - | - | $3,457,000 |
| Current Debt And Capital Lease Obligation | $358,000 | $18,903,000 | $16,693,000 | $17,417,000 |
| Current Debt | - | $18,432,000 | $16,304,000 | $17,253,000 |
| Other Current Borrowings | - | $1,630,000 | $3,457,000 | $1,255,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $32,804,000 | $30,897,000 | $29,368,000 | $28,896,000 |
| Total Non Current Liabilities Net Minority Interest | $22,726,000 | $2,366,000 | $2,757,000 | $6,234,000 |
| Tradeand Other Payables Non Current | $525,000 | $495,000 | $419,000 | $542,000 |
| Current Liabilities | $10,078,000 | $28,531,000 | $26,611,000 | $22,662,000 |
| Other Current Liabilities | $144,000 | $155,000 | $1,489,000 | - |
| Current Notes Payable | $0 | $519,000 | $1,026,000 | $4,363,000 |
| Payables And Accrued Expenses | $9,576,000 | $9,473,000 | $8,429,000 | $5,245,000 |
| Payables | $7,530,000 | $7,741,000 | $7,232,000 | $4,700,000 |
| Other Payable | $776,000 | $704,000 | $1,195,000 | $1,036,000 |
| Accounts Payable | $6,754,000 | $7,037,000 | $6,037,000 | $3,133,000 |
| Current Deferred Liabilities | - | - | - | $70,000 |
| Equity | ||||
| Common Stock Equity | $31,127,000 | $8,585,000 | $7,146,000 | $-6,707,000 |
| Total Equity Gross Minority Interest | $31,127,000 | $8,585,000 | $7,146,000 | $-6,707,000 |
| Stockholders Equity | $31,127,000 | $8,585,000 | $7,146,000 | $-6,707,000 |
| Other Equity Interest | $4,725,000 | $4,725,000 | $4,725,000 | $4,725,000 |
| Gains Losses Not Affecting Retained Earnings | $5,909,000 | $5,792,000 | $5,890,000 | $6,135,000 |
| Other Equity Adjustments | $5,909,000 | $5,792,000 | $5,890,000 | $6,135,000 |
| Retained Earnings | $-125,881,000 | $-129,244,000 | $-127,759,000 | $-128,971,000 |
| Other | ||||
| Ordinary Shares Number | $42,108,920 | $34,137,665 | $33,832,784 | $29,437,372 |
| Share Issued | $42,108,920 | $34,137,665 | $33,832,784 | $29,437,372 |
| Tangible Book Value | $31,127,000 | $8,585,000 | $7,146,000 | $-6,707,000 |
| Invested Capital | $51,871,000 | $27,017,000 | $23,450,000 | $14,003,000 |
| Working Capital | $31,878,000 | $887,000 | $-705,000 | $-7,874,000 |
| Capital Lease Obligations | $1,815,000 | $2,342,000 | $2,727,000 | $2,399,000 |
| Total Capitalization | $51,871,000 | $8,585,000 | $7,146,000 | $-3,250,000 |
| Additional Paid In Capital | $11,508,000 | $10,904,000 | $9,249,000 | $8,099,000 |
| Capital Stock | $134,866,000 | $116,408,000 | $115,041,000 | $103,305,000 |
| Common Stock | $134,866,000 | $116,408,000 | $115,041,000 | $103,305,000 |
| Long Term Capital Lease Obligation | $1,457,000 | $1,871,000 | $2,338,000 | $2,235,000 |
| Current Capital Lease Obligation | $358,000 | $471,000 | $389,000 | $164,000 |
| Line Of Credit | $0 | $16,283,000 | $11,821,000 | $11,635,000 |
| Current Accrued Expenses | $2,046,000 | $1,732,000 | $1,197,000 | $545,000 |
| Net PPE | $13,043,000 | $9,974,000 | $10,149,000 | $7,313,000 |
| Accumulated Depreciation | $-4,793,000 | $-3,860,000 | $-2,609,000 | $-1,708,000 |
| Gross PPE | $17,836,000 | $13,834,000 | $12,758,000 | $9,021,000 |
| Leases | $329,000 | $76,000 | $76,000 | $39,000 |
| Construction In Progress | $2,049,000 | $0 | - | - |
| Other Properties | $7,638,000 | $5,953,000 | $1,712,000 | $1,240,000 |
| Machinery Furniture Equipment | $120,000 | $105,000 | $73,000 | $56,000 |
| Buildings And Improvements | $7,485,000 | $7,485,000 | $3,197,000 | $2,582,000 |
| Land And Improvements | $215,000 | $215,000 | $7,700,000 | $5,105,000 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $1,103,000 | $941,000 | $1,548,000 | $2,416,000 |
| Work In Process | $0 | $324,000 | $165,000 | $755,000 |
| Raw Materials | $11,348,000 | $8,433,000 | $6,553,000 | $4,184,000 |
| Dueto Related Parties Current | - | - | $0 | $531,000 |
| Current Deferred Revenue | - | - | - | $70,000 |
| Duefrom Related Parties Current | - | - | - | $374,000 |
Fetched: 2026-06-15
Cash Flow Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-9,502,000 | $372,000 | $-5,740,000 | $-9,028,000 |
| Operating Activities | ||||
| Operating Cash Flow | $1,717,000 | $1,038,000 | $-5,235,000 | $-8,825,000 |
| Cash Flow From Continuing Operating Activities | $1,717,000 | $1,038,000 | $-5,235,000 | $-8,825,000 |
| Operating Gains Losses | $1,564,000 | $-2,337,000 | $1,000 | - |
| Investing Activities | ||||
| Capital Expenditure | $-11,219,000 | $-666,000 | $-505,000 | $-203,000 |
| Investing Cash Flow | $-12,042,000 | $-666,000 | $-903,000 | $-212,000 |
| Cash Flow From Continuing Investing Activities | $-12,042,000 | $-666,000 | $-903,000 | $-212,000 |
| Net Other Investing Changes | $-823,000 | - | - | $-374,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $11,582,000 | $0 | $7,167,000 | $780,000 |
| Financing Cash Flow | $15,902,000 | $-629,000 | $6,553,000 | $7,886,000 |
| Cash Flow From Continuing Financing Activities | $15,902,000 | $-629,000 | $6,553,000 | $7,886,000 |
| Net Other Financing Charges | $-1,708,000 | $-55,000 | $-28,000 | $-17,000 |
| Cash Dividends Paid | $0 | $0 | $0 | $0 |
| Net Common Stock Issuance | $11,582,000 | $0 | $7,167,000 | $780,000 |
| Common Stock Issuance | $11,582,000 | $0 | $7,167,000 | $780,000 |
| Other | ||||
| Repayment Of Debt | $-80,776,000 | $-50,419,000 | $-40,586,000 | $-12,329,000 |
| Issuance Of Debt | $84,130,000 | $52,247,000 | $35,727,000 | $21,522,000 |
| Interest Paid Supplemental Data | $2,122,000 | $2,233,000 | $1,793,000 | $2,308,000 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $0 |
| End Cash Position | $6,358,000 | $781,000 | $1,032,000 | $626,000 |
| Beginning Cash Position | $781,000 | $1,032,000 | $626,000 | $4,202,000 |
| Effect Of Exchange Rate Changes | $0 | $6,000 | $-9,000 | $-2,425,000 |
| Changes In Cash | $5,577,000 | $-257,000 | $415,000 | $-1,151,000 |
| Interest Paid Cff | $-2,122,000 | $-2,533,000 | $-2,011,000 | $-2,114,000 |
| Proceeds From Stock Option Exercised | $4,796,000 | $131,000 | $6,284,000 | $27,000 |
| Net Issuance Payments Of Debt | $3,354,000 | $1,828,000 | $-4,859,000 | $9,193,000 |
| Net Short Term Debt Issuance | $-287,000 | $2,563,000 | $-4,152,000 | $9,937,000 |
| Short Term Debt Payments | $-80,044,000 | $-49,684,000 | $-39,879,000 | $-11,585,000 |
| Short Term Debt Issuance | $79,757,000 | $52,247,000 | $35,727,000 | $21,522,000 |
| Net Long Term Debt Issuance | $3,641,000 | $-735,000 | $-707,000 | $-744,000 |
| Long Term Debt Payments | $-732,000 | $-735,000 | $-707,000 | $-744,000 |
| Long Term Debt Issuance | $4,373,000 | $0 | - | - |
| Net PPE Purchase And Sale | $-11,219,000 | $-666,000 | $-505,000 | $-203,000 |
| Purchase Of PPE | $-11,219,000 | $-666,000 | $-505,000 | $-203,000 |
| Change In Working Capital | $-7,122,000 | $-2,255,000 | $-8,121,000 | $-6,373,000 |
| Change In Payables And Accrued Expense | $68,000 | $1,588,000 | $2,551,000 | $116,000 |
| Change In Payable | $68,000 | $1,588,000 | $2,551,000 | $116,000 |
| Change In Prepaid Assets | $1,035,000 | $-1,693,000 | $-2,103,000 | $-2,075,000 |
| Change In Inventory | $-3,043,000 | $-1,418,000 | $-724,000 | $-2,788,000 |
| Change In Receivables | $-5,182,000 | $-732,000 | $-7,845,000 | $-1,626,000 |
| Other Non Cash Items | $2,755,000 | $3,700,000 | $2,969,000 | $3,033,000 |
| Stock Based Compensation | $1,756,000 | $2,155,000 | $1,167,000 | $3,223,000 |
| Asset Impairment Charge | $0 | $51,000 | $0 | - |
| Deferred Tax | $-2,053,000 | $0 | $-679,000 | - |
| Deferred Income Tax | $-2,053,000 | $0 | $-679,000 | - |
| Depreciation Amortization Depletion | $1,454,000 | $1,209,000 | $907,000 | $503,000 |
| Depreciation And Amortization | $1,454,000 | $1,209,000 | $907,000 | $503,000 |
| Gain Loss On Investment Securities | $915,000 | $-1,334,000 | - | - |
| Net Foreign Currency Exchange Gain Loss | $576,000 | $-67,000 | $1,000 | - |
| Net Income From Continuing Operations | $3,363,000 | $-1,485,000 | $-1,479,000 | $-9,211,000 |
| Net Investment Purchase And Sale | - | $-541,000 | $-398,000 | $-9,000 |
| Depreciation | - | $1,209,000 | $907,000 | $503,000 |
| Change In Account Payable | - | - | $3,054,000 | $43,000 |
| Change In Other Working Capital | - | - | - | $-934,000 |
Fetched: 2026-06-15