Electrovaya (ELVA) Cost of Revenue (2022 - 2026)
Electrovaya (ELVA) reported Cost of Revenue of $11.53 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 2.8% from $11.86 million a year earlier and down 4.0% from the prior quarter.
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Analysis
Electrovaya (ELVA) Cost of Revenue (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Electrovaya's Cost of Revenue came in at $48.12 million, down 19.4% year-over-year; for FY2025 (ended Sep 30, 2025), it was $44.11 million, up 42.6% from FY2024.
- Cost of Revenue has a three-year compound annual growth rate of 52.7% (FY2022 to FY2025).
- By fiscal year, Cost of Revenue came in at $30.93 million in FY2024 (-4.0%), $32.2 million in FY2023 (+159.8%) and $12.4 million in FY2022.
- Five-year quarterly Cost of Revenue spans a low of $3.22 million in fiscal Q3 2022 and a high of $30.37 million in fiscal Q1 2025.
- Year over year, Cost of Revenue gained in four of the last seven quarters, with growth averaging 19.0%.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q3 2023 (growth of 135.2%); the low point was fiscal Q1 2026 (a decline of 65.6%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $12.01 million (Q2 2026), $10.44 million (Q1 2026) and $14.14 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 8.74 Bn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 709.79 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 451.19 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 651.70 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 599.32 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 699.32 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 622.28 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 116.84 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 133.70 Mn |
| 10 | Electrovaya | 279.18 Mn | 216.69 Mn | 6.19 Mn | 11.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.53 Mn |
| Mar 31, 2026 | 12.01 Mn |
| Dec 31, 2025 | 10.44 Mn |
| Sep 30, 2025 | 14.14 Mn |
| Jun 30, 2025 | 11.86 Mn |
| Mar 31, 2025 | 10.35 Mn |
| Dec 13, 2024 | 30.37 Mn |
| Sep 30, 2024 | 7.14 Mn |
| Jun 30, 2024 | 6.82 Mn |
| Mar 31, 2024 | 6.97 Mn |
| Dec 31, 2023 | 8.56 Mn |
| Sep 30, 2023 | 11.01 Mn |
| Jun 30, 2023 | 7.57 Mn |
| Sep 30, 2022 | 5.09 Mn |
| Jun 30, 2022 | 3.22 Mn |
API Access
Electrovaya Cost of Revenue 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=cost-of-revenue&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();