Electrovaya (ELVA) Cost of Revenue (2022 - 2026)

Electrovaya's (ELVA) quarterly Cost of Revenue came in at $12.0 million in Q1 2026, up 16.1% year-on-year from $10.3 million in Q1 2025, and up 15.05% on a QoQ basis from $10.4 million in Q4 2025.

Electrovaya (ELVA) Cost of Revenue (2022 - 2026) Analysis & Trends

Electrovaya (ELVA) has 5 years of Cost of Revenue data on file, last reported at $12.0 million in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 16.1% year-over-year to $12.0 million in Q1 2026; TTM through Mar 2026 was $48.5 million, a 11.37% decrease from a year earlier, with the FY2025 full-year figure at $44.1 million, up 42.62% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $12.0 million, up from $10.4 million in the prior quarter.
  • Over the last five years, Cost of Revenue for ELVA reached as high as $30.4 million in Q4 2024 and fell as low as $3.2 million in Q2 2022.
  • Historically, Cost of Revenue has averaged $10.2 million across 5 years, with a median of $8.6 million in 2023.
  • Across the five-year window, Cost of Revenue surged 135.21% in 2023 and slumped 35.19% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at $5.1 million in 2022, then soared by 68.34% to $8.6 million in 2023, then soared by 254.71% to $30.4 million in 2024, then tumbled by 65.62% to $10.4 million in 2025, then climbed by 15.05% to $12.0 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $12.0 million in Q1 2026, $10.4 million in Q4 2025, and $14.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Electrovaya 413.55 Bn 413.53 Bn 6.04 Mn 12.01 Mn
2 Vertiv Holdings 109.26 Bn 106.76 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 53.01 Bn 50.51 Bn 225.54 Mn 525.51 Mn
4 Hubbell 26.33 Bn 25.81 Bn 505.30 Mn 1.01 Bn
5 nVent Electric 24.09 Bn 23.90 Bn 445.60 Mn 796.40 Mn
6 Advanced Energy Industries 10.99 Bn 10.29 Bn 200.90 Mn 310.10 Mn
7 Acuity Inc. (De) 10.14 Bn 9.72 Bn 606.40 Mn 591.60 Mn
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 208.68 Mn
9 EnerSys 7.11 Bn 6.67 Bn 290.87 Mn 83.14 Mn
10 Hayward Holdings 3.15 Bn 2.92 Bn 118.70 Mn 136.52 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.01 Mn
Mar 31, 2026 12.01 Mn
Dec 31, 2025 10.44 Mn
Dec 31, 2025 10.44 Mn
Sep 30, 2025 14.14 Mn
Sep 30, 2025 14.14 Mn
Jun 30, 2025 11.86 Mn
Jun 30, 2025 11.86 Mn
Mar 31, 2025 10.35 Mn
Mar 31, 2025 10.35 Mn
Dec 13, 2024 30.37 Mn
Dec 13, 2024 30.37 Mn
Sep 30, 2024 7.14 Mn
Sep 30, 2024 7.14 Mn
Jun 30, 2024 6.82 Mn
Jun 30, 2024 6.82 Mn
Mar 31, 2024 6.97 Mn
Mar 31, 2024 6.97 Mn
Dec 31, 2023 8.56 Mn
Dec 31, 2023 8.56 Mn