Electrovaya (ELVA) Net Income (2022 - 2026)
Electrovaya (ELVA) reported Net Income of $2.2 million for Q1 2026, up 56.45% year-over-year from $1.4 million in Q1 2025, and up 48.57% quarter-over-quarter from $1.5 million in Q4 2025.
Electrovaya (ELVA) Net Income (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has 5 years of Net Income data on file, last reported at $2.2 million in Q1 2026.
- Net Income for Q1 2026 came in at $2.2 million, up 56.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.0 million (up 649.0% YoY), and the FY2025 annual result was $1.3 million, up 188.22% from the prior year.
- Net Income advanced to $2.2 million in Q1 2026 per ELVA's latest filing, from $1.5 million in the prior quarter.
- Over five years, Net Income peaked at $2.4 million in Q3 2023 and troughed at -$2.3 million in Q2 2022.
- A 5-year average of $202800.0 and a median of -$247000.0 in 2022 frame the typical range for Net Income.
- The sharpest annual moves came in 2023 and 2024: Net Income soared 1061.94% in 2023, then sank 362.66% in 2024.
- A 5-year view of Net Income shows it stood at -$247000.0 in 2022, then plunged by 363.56% to -$1.1 million in 2023, then slipped by 11.0% to -$1.3 million in 2024, then surged by 215.66% to $1.5 million in 2025, then jumped by 48.57% to $2.2 million in 2026.
- Business Quant data shows ELVA's Net Income at $2.2 million in Q1 2026, $1.5 million in Q4 2025, and $2.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 73.70 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 2.00 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 183.00 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | -500,000.00 |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 45.89 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -17.53 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 96.80 Mn |
| 10 | Electrovaya | 192,800.01 | -23.34 Mn | 6.04 Mn | 2.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.18 Mn |
| Dec 31, 2025 | 1.47 Mn |
| Sep 30, 2025 | 2.37 Mn |
| Jun 30, 2025 | 1.96 Mn |
| Mar 31, 2025 | 1.40 Mn |
| Dec 13, 2024 | -1.27 Mn |
| Sep 30, 2024 | 539,000.00 |
| Jun 30, 2024 | -2.12 Mn |
| Mar 31, 2024 | -414,000.00 |
| Dec 31, 2023 | -1.15 Mn |
| Sep 30, 2023 | 2.38 Mn |
| Jun 30, 2023 | -458,000.00 |
| Mar 31, 2023 | -1.27 Mn |
| Sep 30, 2022 | -247,000.00 |
| Jun 30, 2022 | -2.34 Mn |