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| Date | Value |
|---|---|
| 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 |