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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Market cap: $268.0M
P/E: 47.8×
Fwd P/E: 76.7×
Dividend yield: —
F-score: 6/9
Altman Z: 3.34
Beneish M: 22.58
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Fold the line items

Columns are period end dates

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