Electrovaya Inc., engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. The company is headquartered in Mississauga, Canada.
| Revenue (TTM) | $71.82M |
| Gross Profit (TTM) | $23.70M |
| EBITDA | $7.72M |
| Operating Margin | 4.45% |
| Return on Equity | 9.85% |
| Return on Assets | 4.87% |
| Revenue/Share (TTM) | $1.52 |
| Book Value | $1.34 |
| Price-to-Book | 4.96 |
| Price-to-Sales (TTM) | 3.53 |
| EV/Revenue | 5.05 |
| EV/EBITDA | 56.96 |
| Quarterly Earnings Growth (YoY) | -69.30% |
| Quarterly Revenue Growth (YoY) | 3.40% |
| Shares Outstanding | $50.00M |
| Float | $32.55M |
| % Insiders | 30.73% |
| % Institutions | 29.76% |
Volatility is currently expanding
Electrovaya successfully scaled production and reached profitability in 2025. Aggressive capital spending for manufacturing creates ongoing free cash flow pressure.
TORONTO, ON / ACCESS Newswire / October 14, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today provided a business update, including preliminary fiscal 2026 revenue expectations and progress on its Jamestown, New York manufacturing facility and ElvaPulse™ stationary energy storage product line. All dollar amounts are in U.S. dollars unless otherwise noted.
Extensive testing and training process will involve approximately 10 Electrovaya staff members responsible for key Jamestown cell manufacturing operations. TORONTO, ON / ACCESS Newswire / August 24, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud to announce the commencement of its Factory Acceptance Testing (FAT) for its automated lithium-ion cell assembly and formation equipment at the equipment manufacturing site.
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 year results will fall well short of expectations for the third time in the past five years. With analysts projecting more than 50% sales growth in FY2027, the company will require substantial contributions from new verticals like battery energy storage.
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 ElvaPulse stationary energy-storage system and progress toward opening its Jamestown, New York, manufacturing facility.
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 Expanded Growth Opportunities TORONTO, ON / ACCESS Newswire / August 10, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the third quarter and nine month period ended June 30, 2026 ("Q3 FY 2026"). All dollar amounts are in U.S. dollars unless otherwise noted.6").
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 participating in the following upcoming investor conferences: Event: Citi's 2026 Natural Resources Conference Date: August 11-13, 2026 Location: Encore Las Vegas - Las Vegas, NV Event: 15th Annual Needham Virtual Industrial Tech, Robotics, & Power 1x1 Conference Date: August 17-18, 2026 Location: Virtual Event: 2026 Midwest IDEAS Conference Date: August 26-27, 2026 Location: The InterContinental Chicago Magnificent Mile - Chicago, IL Event: Barclays 40th Annual Energy-Power Conference Date: September 10-11, 2026 Location: Sheraton New York Times Square Hotel - New York City, NY Investor and Media Contact: Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc. jroy@electrovaya.com / 905-855-4618 About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users.
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 ending June 30, 2026, following the market close on Monday, August 10, 2026. This will be followed by a conference call and webcast at 8:30 a.m.
Offering nearly 3 MWh of energy with up to 7 MW of continuous power for demanding data center, AI infrastructure and critical-power applications Initial deliveries targeted for Q2 2027 from Electrovaya's Jamestown, NY manufacturing facility, designed to support 48E Investment Tax Credit eligibility TORONTO, ON / ACCESS Newswire / July 30, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the launch of ElvaPulse™ 1500, a new high-power stationary battery energy storage system ("BESS") platform. Artificial intelligence is reshaping data center power demand, which the International Energy Agency projects will more than double by 2030.
Electrovaya Inc. is reiterated as a Strong Buy with a doubled price target of CAD$28, driven by unique battery technology and expanding data center demand. ELVA's proprietary ceramic separator enables industry-leading 14,000-cycle batteries and a 2.5C discharge rate, offering unmatched value for high-demand data center applications. The fully funded Jamestown Gigafactory is expected to be sold out through 2027, with management already planning expansion to meet surging demand from hyperscalers.
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