Electrovaya (ELVA) Operating Expenses (2022 - 2026)
Electrovaya's (ELVA) quarterly Operating Expenses came in at $1.1 million in Q2 2026, down 67.81% year-over-year from $3.3 million in Q2 2025, and down 61.28% quarter-over-quarter from $2.8 million in Q1 2026.
Analysis
Electrovaya (ELVA) Operating Expenses (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Operating Expenses for 5 consecutive years, with $1.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 67.81% year-over-year to $1.1 million in Q2 2026; TTM through Jun 2026 was $11.6 million, a 34.94% decrease from a year earlier, with the FY2025 full-year figure at $14.2 million, up 9.41% from the prior year.
- Operating Expenses was $1.1 million for Q2 2026 at Electrovaya, down from $2.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $8.2 million in Q4 2024 and troughed at -$4.7 million in Q3 2023.
- A 5-year average of $2.6 million and a median of $2.7 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 328.13% in 2023 and soared 186.41% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $2.1 million in 2022, then jumped by 76.94% to $3.6 million in 2023, then surged by 126.73% to $8.2 million in 2024, then plunged by 54.51% to $3.7 million in 2025, then sank by 71.49% to $1.1 million in 2026.
- The last three Operating Expenses figures came in at $1.1 million (Q2 2026), $2.8 million (Q1 2026), and $3.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 151.24 Mn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | 106.13 Mn |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 35.01 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 63.04 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 30.04 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 44.60 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 13.58 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 1.07 Mn |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 27.51 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 20.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.07 Mn |
| 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 | 8.23 Mn |
| Sep 30, 2024 | 4.04 Mn |
| Jun 30, 2024 | 4.04 Mn |
| Mar 31, 2024 | 1.72 Mn |
| Dec 31, 2023 | 3.63 Mn |
| Sep 30, 2023 | -4.68 Mn |
| Jun 30, 2023 | 1.55 Mn |
| Mar 31, 2023 | 2.58 Mn |
| Sep 30, 2022 | 2.05 Mn |
| Jun 30, 2022 | 1.61 Mn |