Electrovaya (ELVA) Change in Working Capital (2022 - 2026)

Electrovaya's (ELVA) quarterly Change in Working Capital came in at -$9.7 million in Q1 2026, down 44.62% year-on-year from -$17.5 million in Q1 2025, and down 4340.83% on a QoQ basis from -$218000.0 in Q4 2025.

Electrovaya (ELVA) Change in Working Capital (2022 - 2026) Analysis & Trends

Electrovaya (ELVA) has 5 years of Change in Working Capital data on file, last reported at -$9.7 million in Q1 2026.

  • On a quarterly basis, Change in Working Capital fell 44.62% year-over-year to -$9.7 million in Q1 2026; TTM through Mar 2026 was -$9.0 million, a 0.47% change from a year earlier, with the FY2025 full-year figure at -$7.1 million, down 215.83% from the prior year.
  • Change in Working Capital for Q1 2026 stood at -$9.7 million, down from -$218000.0 in the prior quarter.
  • Over the last five years, Change in Working Capital for ELVA reached as high as $5.6 million in Q3 2025 and fell as low as -$9.7 million in Q1 2026.
  • Historically, Change in Working Capital has averaged -$1.9 million across 5 years, with a median of -$614500.0 in 2023.
  • Across the five-year window, Change in Working Capital tumbled 3123.08% in 2023 and jumped 19778.57% in 2025, its largest moves.
  • Year by year, Change in Working Capital stood at $130000.0 in 2022, then tumbled by 57.69% to $55000.0 in 2023, then slumped by 49.09% to $28000.0 in 2024, then sank by 878.57% to -$218000.0 in 2025, then slumped by 4340.83% to -$9.7 million in 2026.
  • Per Business Quant data, the three most recent Change in Working Capital figures were -$9.7 million in Q1 2026, -$218000.0 in Q4 2025, and $5.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Electrovaya 406.66 Bn 406.64 Bn 6.04 Mn -9.68 Mn
2 Vertiv Holdings 108.13 Bn 105.63 Bn 999.70 Mn -
3 Bloom Energy 52.09 Bn 49.60 Bn 225.54 Mn -
4 Hubbell 25.81 Bn 25.29 Bn 505.30 Mn -
5 nVent Electric 23.71 Bn 23.52 Bn 445.60 Mn -
6 Advanced Energy Industries 10.71 Bn 10.02 Bn 200.90 Mn -
7 Acuity Inc. (De) 10.05 Bn 9.64 Bn 606.40 Mn -
8 Powell Industries 7.87 Bn 7.33 Bn 87.94 Mn -
9 EnerSys 7.02 Bn 6.58 Bn 290.87 Mn -
10 Hayward Holdings 3.14 Bn 2.91 Bn 118.70 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.68 Mn
Mar 31, 2026 -9.68 Mn
Dec 31, 2025 -218,000.00
Dec 31, 2025 -218,000.00
Sep 30, 2025 5.57 Mn
Sep 30, 2025 5.57 Mn
Jun 30, 2025 -4.71 Mn
Jun 30, 2025 -4.71 Mn
Mar 31, 2025 -6.69 Mn
Mar 31, 2025 -6.69 Mn
Sep 30, 2024 28,000.00
Sep 30, 2024 28,000.00
Jun 30, 2024 -659,000.00
Jun 30, 2024 -659,000.00
Mar 31, 2024 -1.68 Mn
Mar 31, 2024 -1.68 Mn
Dec 31, 2023 55,000.00
Dec 31, 2023 55,000.00
Sep 30, 2023 -3.93 Mn
Sep 30, 2023 -3.93 Mn