Electrovaya (ELVA) Change in Working Capital (2023 - 2025)
Electrovaya's Change in Working Capital was -$218,000 in fiscal Q1 2026 (quarter ended Dec 31, 2025).
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Analysis
Electrovaya (ELVA) Change in Working Capital (2023 - 2025) Analysis & Trends
On a trailing twelve-month basis, Electrovaya's Change in Working Capital was -$6.06 million through Dec 31, 2025; for FY2025 (ended Sep 30, 2025), it came in at -$7.12 million.
- In earlier fiscal years, Change in Working Capital was -$2.26 million in FY2024, $8.12 million in FY2023 and -$6.37 million in FY2022.
- Quarterly Change in Working Capital has moved between -$6.69 million (fiscal Q2 2025) and $5.57 million (fiscal Q4 2025) over five years.
- Per Business Quant data, ELVA's Change in Working Capital in the three fiscal quarters before Q1 2026 was $5.57 million (Q4 2025), -$4.71 million (Q3 2025) and -$6.69 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | - |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | - |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | - |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | - |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | - |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 53.06 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | - |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | - |
| 10 | Electrovaya | 274.55 Mn | 212.05 Mn | 6.19 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -218,000.00 |
| Sep 30, 2025 | 5.57 Mn |
| Jun 30, 2025 | -4.71 Mn |
| Mar 31, 2025 | -6.69 Mn |
| Sep 30, 2024 | 28,000.00 |
| Jun 30, 2024 | -659,000.00 |
| Mar 31, 2024 | -1.68 Mn |
| Dec 31, 2023 | 55,000.00 |
API Access
Electrovaya Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();