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

Electrovaya (ELVA) has reported Cost of Revenue for 5 consecutive years, with $12.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 16.1% year-over-year to $12.0 million; the TTM figure through Mar 2026 stood at $48.5 million (down 11.37% YoY), while the FY2025 annual figure was $44.1 million, up 42.62% from the prior year.
• Cost of Revenue climbed to $12.0 million in Q1 2026 per ELVA's latest filing, from $10.4 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $30.4 million in Q4 2024 and bottomed at $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.
• Annual changes were most pronounced in 2023 — Cost of Revenue jumped 135.21% — and 2024, when it plunged 35.19%.
• Electrovaya's Cost of Revenue stood at $5.1 million in 2022, then jumped by 68.34% to $8.6 million in 2023, then jumped by 254.71% to $30.4 million in 2024, then tumbled by 65.62% to $10.4 million in 2025, then gained by 15.05% to $12.0 million in 2026.
• Business Quant data shows ELVA's Cost of Revenue at $12.0 million in Q1 2026, $10.4 million in Q4 2025, and $14.1 million in Q3 2025.