Electrovaya (ELVA) Gross Margin (2022 - 2026)

Electrovaya (ELVA) has 5 years of Gross Margin data on file, last reported at 33.45% in Q1 2026.

• Gross Margin for Q1 2026 came in at 33.45%, up 233.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.99% (up 37.0% YoY), and the FY2025 annual result was 30.9%, down 429.0% from the prior year.
• Gross Margin improved to 33.45% in Q1 2026 per ELVA's latest filing, from 32.88% in the prior quarter.
• Over five years, Gross Margin peaked at 34.83% in Q1 2024 and troughed at 20.84% in Q3 2022.
• A 5-year average of 30.2% and a median of 31.05% in 2024 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 713 bps in 2023, then slumped 371 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 20.84% in 2022, then jumped by 40 bps to 29.19% in 2023, then climbed by 6 bps to 31.07% in 2024, then rose by 6 bps to 32.88% in 2025, then advanced by 2 bps to 33.45% in 2026.
• Business Quant data shows ELVA's Gross Margin at 33.45% in Q1 2026, 32.88% in Q4 2025, and 31.03% in Q3 2025.