Saturday 17 October 2026
Export ELVA’s income statement to Excel — free account
Electrovaya Inc.
ELVA Industrials Electrical Equipment & Parts
Electrovaya Inc.’s revenue for fiscal 2025 (year ended September 2025) was $63.8 million, up 43.1% from fiscal 2024. In the quarter to June 2026, revenue grew 3.40%, EPS fell 69.5%, free cash flow fell 266.0% and total debt rose 97.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
5.07
0.29
−5.41%
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| Sep '19 | Sep '20 | Sep '21 | Sep '22 | Sep '23 | Sep '24 | Sep '25 | |
|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 2 | 3 | 5 | 6 | 6 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 65.44 |
P/S ratio |
0.00 | 0.00 | 60.38 | 6.40 | 2.02 | 1.78 | 3.61 |
Altman Z-Score |
(121.07) | (3.13) | 12.93 | (6.75) | (1.65) | (1.83) | 3.34 |
Altman Z″-Score (non-manufacturers) |
(304.94) | (42.76) | (30.47) | (23.72) | (11.06) | (10.11) | (1.57) |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 86.80 | 0.00 |
Beneish M-Score |
— | 4.53 | (2.93) | (1.60) | 0.87 | (3.19) | 22.58 |
P/Operating CF |
0.00 | 0.00 | 1,970.34 | 40.93 | (94.06) | 108.86 | 25.49 |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 12.45 | 9.23 | 7.39 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 12.45 | 9.23 | 7.39 |
EV/Sales |
0.00 | 0.00 | 60.31 | 6.75 | 2.13 | 1.84 | 3.87 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 44.43 | 42.30 | 35.31 |
EV/Operating CF |
0.00 | 0.00 | (86.08) | (12.44) | (17.91) | 78.97 | 143.85 |
EV/FCF |
0.00 | 0.00 | (80.16) | (12.02) | (16.33) | 89.78 | (85.34) |
Quick Ratio |
0.04 | 0.22 | 0.41 | 0.16 | 0.44 | 0.42 | 2.33 |
Current Ratio |
0.13 | 0.49 | 0.89 | 0.65 | 0.97 | 1.03 | 4.16 |
Net Debt/EBITDA |
(1.14) | (4.02) | 0.19 | (0.83) | 2.26 | 1.40 | 2.17 |
Debt/Assets |
614.08% | 32.88% | 22.58% | 28.28% | 15.87% | 8.87% | 34.73% |
Debt/Equity |
(0.90) | (0.40) | (1.99) | (0.94) | 0.81 | 0.41 | 0.71 |
Asset Turnover |
0.00 | 2.28 | 0.90 | 0.88 | 1.50 | 1.17 | 1.23 |
Operating CF/Net income |
1.01 | (3.51) | 1.08 | 0.96 | 3.54 | (0.70) | 0.51 |
Capex/Depreciation |
0.00 | (0.19) | (1.76) | (0.40) | (0.56) | (0.10) | (3.17) |
Interest Coverage |
(10.41) | (0.26) | (1.73) | (2.40) | 0.49 | 0.20 | 2.01 |
| 0.00% | (9.66%) | 144.73% | 219.23% | (673.80%) | (18.88%) | 16.94% | |
| 0.00% | 17.46% | (58.82%) | (49.57%) | (5.04%) | (3.91%) | 6.50% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 6.31% | 4.03% | 7.48% |
Return on Tangible Assets |
20.13% | (18.90%) | (521.38%) | 1,641.89% | (15.66%) | (13.67%) | 7.49% |
Average Days of Receivables |
25.76 | 62.60 | 42.25 | 65.35 | 87.91 | 92.38 | 94.21 |
Research and Development Expense of Revenue |
183.17% | 18.93% | 39.32% | 21.11% | 7.68% | 6.81% | 6.86% |
Selling, General and Administrative Expense of Revenue |
79.86% | 20.45% | 38.60% | 45.58% | 15.32% | 20.24% | 13.10% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.99% | 4.67% | 19.81% | 2.65% | 4.83% | 2.75% |
Graham Net Nets |
0.00 | 0.00 | (0.01) | (0.14) | (0.04) | (0.02) | 0.04 |
Graham Number |
0.00 | 0.00 | 0.12 | 0.64 | 0.00 | 0.00 | 1.27 |
Earnings Yield |
(1.09%) | (1.09%) | (1.09%) | (2.25%) | (1.67%) | (1.70%) | 1.53% |
Free Cash Flow Yield |
0.00% | 0.00% | (1.25%) | (8.77%) | (6.45%) | 1.15% | (1.26%) |
Revenue per Share |
0.23 | 0.12 | 0.08 | 0.55 | 1.30 | 1.31 | 1.63 |
Operating CF per Share |
(0.14) | (0.03) | (0.06) | (0.30) | (0.15) | 0.03 | 0.04 |
Capex per Share |
0.00 | 0.00 | 0.00 | (0.01) | (0.01) | 0.00 | (0.12) |
Free Cash Flow per Share |
(0.14) | (0.03) | (0.06) | (0.31) | (0.17) | 0.03 | (0.07) |
Cash per Share |
0.02 | 0.01 | 0.03 | 0.02 | 0.03 | 0.02 | 0.18 |
Shareholders Equity per Share |
(0.67) | (0.07) | (0.01) | (0.23) | 0.21 | 0.25 | 0.80 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(0.67) | (0.07) | (0.01) | (0.23) | 0.21 | 0.25 | 0.80 |
Free Cash Flow |
(2.89) | (3.94) | (8.68) | (9.03) | (5.74) | 0.91 | (2.89) |
Working Capital |
(14.17) | (8.38) | (1.42) | (7.87) | (0.70) | 0.89 | 31.88 |
Capital Expenditures |
— | (0.04) | (0.56) | (0.20) | (0.50) | (0.12) | (4.61) |
Net Current Asset Value |
(14.31) | (11.29) | (4.64) | (14.11) | (3.46) | (1.48) | 9.15 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 77.93 | 112.44 | 44.58 |
Capex to Sales |
0.00 | 0.00 | 0.05 | 0.01 | 0.01 | 0.00 | 0.07 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 73.97 | 108.71 | 41.55 |
| Other line items | |||||||
Depreciation/Fixed assets |
21.91 | 0.08 | 0.11 | 0.07 | 0.09 | 0.12 | 0.11 |
Cash ROIC |
259.60% | 96.24% | (147.35%) | (4,677.72%) | (41.08%) | 7.10% | (4.80%) |
Accounts Receivable Turnover |
0.00 | 10.24 | 6.05 | 7.65 | 6.52 | 4.07 | 4.60 |
Accounts Payable Turnover |
0.00 | 3.19 | 2.14 | 3.11 | 4.90 | 3.46 | 4.64 |
Inventory Turnover |
0.00 | 6.33 | 2.29 | 2.06 | 4.12 | 3.44 | 3.98 |
Average Days of Payables |
249.49 | 148.90 | 154.77 | 138.80 | 95.44 | 111.65 | 79.07 |
Days of Inventory on Hand |
118.73 | 77.21 | 222.34 | 216.57 | 93.69 | 114.46 | 103.04 |
Average Receivables |
— | 1.42 | 1.92 | 2.13 | 6.76 | 10.95 | 13.88 |
Average Payables |
— | 3.01 | 3.58 | 3.98 | 6.57 | 8.94 | 9.51 |
Average Inventory |
— | 1.51 | 3.35 | 6.01 | 7.81 | 8.98 | 11.07 |
Average Assets |
— | 6.37 | 12.81 | 18.58 | 29.35 | 38.00 | 51.71 |
Average Common Equity |
— | (11.51) | (5.21) | (4.20) | 0.22 | 7.87 | 19.86 |
Columns are period end dates