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