Electrovaya (ELVA) Operating Expenses (2022 - 2026)
Electrovaya (ELVA) posted quarterly Operating Expenses of $2.8 million for Q1 2026, up 26.65% year-over-year from $2.2 million in Q1 2025, and down 26.37% quarter-over-quarter from $3.7 million in Q4 2025.
Electrovaya (ELVA) Operating Expenses (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Operating Expenses for 5 consecutive years, with $2.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 26.65% year-over-year to $2.8 million; the TTM figure through Mar 2026 stood at $13.8 million (down 21.49% YoY), while the FY2025 annual figure was $14.2 million, up 9.41% from the prior year.
- Operating Expenses declined to $2.8 million in Q1 2026 per ELVA's latest filing, from $3.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $7.3 million in Q4 2024 and bottomed at $1.6 million in Q2 2023.
- Historically, Operating Expenses has averaged $3.1 million across 5 years, with a median of $2.8 million in 2026.
- On a YoY basis, Operating Expenses climbed as much as 160.33% in 2024 and fell as far as 39.42% in 2024.
- Electrovaya's Operating Expenses stood at $1.6 million in 2022, then jumped by 128.81% to $3.6 million in 2023, then surged by 101.74% to $7.3 million in 2024, then tumbled by 48.87% to $3.7 million in 2025, then decreased by 26.37% to $2.8 million in 2026.
- Business Quant data shows ELVA's Operating Expenses at $2.8 million in Q1 2026, $3.7 million in Q4 2025, and $4.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 173.34 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 257.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 264.40 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 72.69 Mn |
| 10 | Electrovaya | 328.13 Mn | 304.60 Mn | 6.04 Mn | 2.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.76 Mn |
| Dec 31, 2025 | 3.74 Mn |
| Sep 30, 2025 | 3.99 Mn |
| Jun 30, 2025 | 3.32 Mn |
| Mar 31, 2025 | 2.18 Mn |
| Dec 13, 2024 | 7.32 Mn |
| Sep 30, 2024 | 4.04 Mn |
| Jun 30, 2024 | 4.04 Mn |
| Mar 31, 2024 | 1.56 Mn |
| Dec 31, 2023 | 3.63 Mn |
| Sep 30, 2023 | 2.09 Mn |
| Jun 30, 2023 | 1.55 Mn |
| Mar 31, 2023 | 2.58 Mn |
| Sep 30, 2022 | 1.59 Mn |
| Jun 30, 2022 | 1.61 Mn |