Electrovaya (ELVA) Net Income (2022 - 2026)
Electrovaya (ELVA) posted quarterly Net Income of $2.0 million for Q1 2026, up 123.15% year-over-year from $877000.0 in Q1 2025, and up 102.38% quarter-over-quarter from $967000.0 in Q4 2025.
Electrovaya (ELVA) Net Income (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Net Income for 5 consecutive years, with $2.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income rose 123.15% year-over-year to $2.0 million; the TTM figure through Mar 2026 stood at $6.5 million (up 216.62% YoY), while the FY2025 annual figure was $1.3 million, up 188.22% from the prior year.
- Net Income advanced to $2.0 million in Q1 2026 per ELVA's latest filing, from $967000.0 in the prior quarter.
- Across five years, Net Income topped out at $2.2 million in Q3 2025 and bottomed at -$2.9 million in Q3 2024.
- Historically, Net Income has averaged -$200602.2 across 5 years, with a median of $258000.0 in 2023.
- Annual changes were most pronounced in 2024 — Net Income slumped 727.52% — and 2025, when it jumped 239.92%.
- Electrovaya's Net Income stood at $1.5 million in 2022, then slumped by 135.2% to -$527000.0 in 2023, then slumped by 270.02% to -$2.0 million in 2024, then soared by 149.59% to $967000.0 in 2025, then soared by 102.38% to $2.0 million in 2026.
- Business Quant data shows ELVA's Net Income at $2.0 million in Q1 2026, $967000.0 in Q4 2025, and $2.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 497.80 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 198.83 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 242.20 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 215.90 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 54.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 141.00 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 52.16 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -190.10 Mn |
| 10 | Electrovaya | 326.66 Mn | 303.12 Mn | 6.04 Mn | 1.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.96 Mn |
| Dec 31, 2025 | 967,000.00 |
| Sep 30, 2025 | 2.18 Mn |
| Jun 30, 2025 | 1.37 Mn |
| Mar 31, 2025 | 877,000.00 |
| Dec 13, 2024 | -1.95 Mn |
| Sep 30, 2024 | -2.86 Mn |
| Jun 30, 2024 | -1.62 Mn |
| Mar 31, 2024 | 258,000.00 |
| Dec 31, 2023 | -527,000.00 |
| Sep 30, 2023 | -1.38 Mn |
| Jun 30, 2023 | 258,000.00 |
| Mar 31, 2023 | -2.43 Mn |
| Sep 30, 2022 | 1.50 Mn |
| Jun 30, 2022 | -1.61 Mn |