Electrovaya (ELVA) Change in Working Capital (2022 - 2026)
Electrovaya (ELVA) reported Change in Working Capital of -$9.7 million for Q1 2026, down 44.62% year-over-year from -$17.5 million in Q1 2025, and down 4340.83% quarter-over-quarter 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.
- Change in Working Capital for Q1 2026 came in at -$9.7 million, down 44.62% year-over-year; the trailing twelve-month figure through Mar 2026 was -$9.0 million (changed 0.47% YoY), and the FY2025 annual result was -$7.1 million, down 215.83% from the prior year.
- Change in Working Capital slipped to -$9.7 million in Q1 2026 per ELVA's latest filing, from -$218000.0 in the prior quarter.
- Over five years, Change in Working Capital peaked at $5.6 million in Q3 2025 and troughed at -$9.7 million in Q1 2026.
- A 5-year average of -$2.0 million and a median of -$659000.0 in 2024 frame the typical range for Change in Working Capital.
- The sharpest annual moves came in 2023 and 2025: Change in Working Capital sank 3123.08% in 2023, then soared 19778.57% in 2025.
- A 5-year view of Change in Working Capital shows it stood at $130000.0 in 2022, then slumped by 57.69% to $55000.0 in 2023, then sank by 49.09% to $28000.0 in 2024, then plunged by 878.57% to -$218000.0 in 2025, then sank by 4340.83% to -$9.7 million in 2026.
- Business Quant data shows ELVA's Change in Working Capital at -$9.7 million in Q1 2026, -$218000.0 in Q4 2025, and $5.6 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | - |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | - |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | - |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | - |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.80 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | - |
| 10 | Electrovaya | 192,800.01 | -23.34 Mn | 6.04 Mn | -9.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |