Electrovaya Financials

ELVA

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE June

This page shows Electrovaya (ELVA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ELVA FY2025 2026-04-22

Balance-sheet repair has improved near-term flexibility faster than earnings, leaving operations steadier but not yet cash-rich.

Across the last two valid operating years, net losses stayed near -$1.5M, yet operating cash flow moved from -$5.2M to positive, so cash conversion improved without a real earnings recovery. By FY2025, the current ratio reached 4.0x while cash was only $1.3M, indicating that the stronger short-term position came mainly from lower current obligations and more working capital outside cash.

Debt is no longer the main pressure point. Long-term debt fell to $1.6M and interest expense to $214K, so the weak bottom line cannot be explained mainly by financing costs. Equity rebuilding also mattered: equity rose from $8.6M to $22.3M while total liabilities changed little, which is balance-sheet strengthening rather than leverage-driven expansion.

Liquidity looks better on paper because inventory-heavy working capital grew from $9.7M to $12.1M. Cash was still only $1.3M, so a meaningful part of liquidity depends on converting stocked product into collections rather than relying on a large cash buffer.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Electrovaya's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

Electrovaya carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.03, Electrovaya holds $4.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.3M

YoY+65.2%

Electrovaya held $1.3M in cash against $1.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ELVA Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	$44.6M+1.3%	$44.1M+170.8%	$16.3M
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	$214K-38.7%	$349K-8.2%	$380K+104009.6%	$365
Income Tax	N/A	N/A	N/A	N/A
Net Income	N/A	-$1.5M-0.4%	-$1.5M+83.9%	-$9.2M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q4'25	Q1'25	Q4'24	Q1'24	Q1'23
Revenue	$17.1M	N/A	$10.3M	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	$907K	N/A	-$324K	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

ELVA Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$53.9M+36.4%	$39.5M+8.1%	$36.5M+64.6%	$22.2M
Current Assets	$42.3M+43.7%	$29.4M+13.6%	$25.9M+75.2%	$14.8M
Cash & Equivalents	$1.3M+65.2%	$781K-21.9%	$1.0M+66.7%	$600K
Inventory	$12.1M+24.7%	$9.7M+17.3%	$8.3M+12.4%	$7.4M
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$31.5M+2.1%	$30.9M+5.2%	$29.4M+1.6%	$28.9M
Current Liabilities	$10.5M-63.2%	$28.5M+7.2%	$26.6M+17.4%	$22.7M
Long-Term Debt	$1.6M-16.0%	$1.9M-20.0%	$2.3M+104508.5%	$2K
Total Equity	$22.3M+160.2%	$8.6M+20.1%	$7.1M+206.5%	-$6.7M
Retained Earnings	-$127.9M+1.0%	-$129.2M-1.2%	-$127.8M+0.9%	-$129.0M

Metric	Q4'25	Q1'25	Q4'24	Q1'24	Q1'23
Total Assets	$53.9M+36.4%	$39.5M	N/A	$36.5M+64.6%	$22.2M
Current Assets	$42.3M+43.7%	$29.4M	N/A	$25.9M+75.2%	$14.8M
Cash & Equivalents	$1.3M+65.2%	$781K	N/A	$1.0M+66.7%	$600K
Inventory	$12.1M+24.7%	$9.7M	N/A	$8.3M+12.4%	$7.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$31.5M+2.1%	$30.9M	N/A	$29.4M+1.6%	$28.9M
Current Liabilities	$10.5M-63.2%	$28.5M	N/A	$26.6M+17.4%	$22.7M
Long-Term Debt	$1.6M-16.0%	$1.9M	N/A	$2.3M+104508.5%	$2K
Total Equity	$22.3M+160.2%	$8.6M+12.7%	$7.6M+6.6%	$7.1M+206.5%	-$6.7M
Retained Earnings	-$127.9M+1.0%	-$129.2M	N/A	-$127.8M+0.9%	-$129.0M

ELVA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	N/A	$1.0M+119.8%	-$5.2M-59220.1%	-$9K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$666K+26.2%	-$903K-425843.4%	-$212
Financing Cash Flow	N/A	-$629K-109.6%	$6.6M+82996.6%	$8K
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q4'25	Q1'25	Q4'24	Q1'24	Q1'23
Operating Cash Flow	N/A	$728K	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$128K	N/A	N/A	N/A
Financing Cash Flow	N/A	-$500K	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

ELVA Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	-3.3%+0.0pp	-3.4%+53.3pp	-56.6%
Return on Equity	N/A	-17.3%+3.4pp	-20.7%	N/A
Return on Assets	N/A	-3.8%+0.3pp	-4.0%+37.5pp	-41.5%
Current Ratio	4.03+3.0	1.03+0.1	0.97+0.3	0.65
Debt-to-Equity	0.07-0.1	0.22-0.1	0.33+0.3	-0.00
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q4'25	Q1'25	Q4'24	Q1'24	Q1'23
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	5.3%	N/A	-3.1%	N/A	N/A
Return on Equity	4.1%	N/A	-4.3%	N/A	N/A
Return on Assets	1.7%	N/A	N/A	N/A	N/A
Current Ratio	4.03+3.0	1.03	N/A	0.97+0.3	0.65
Debt-to-Equity	0.07-0.1	0.22	N/A	0.33+0.3	-0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

How much debt does Electrovaya have?

As of fiscal year 2025, Electrovaya (ELVA) had $1.3M in cash and equivalents against $1.6M in long-term debt.

What are Electrovaya's total assets?

Electrovaya (ELVA) had $53.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Electrovaya's current ratio?

Electrovaya (ELVA) had a current ratio of 4.03 as of fiscal year 2025, which is generally considered healthy.

What is Electrovaya's debt-to-equity ratio?

Electrovaya (ELVA) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

How financially healthy is Electrovaya?

Electrovaya (ELVA) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.