Electrovaya (ELVA) Research & Development (2022 - 2026)
Electrovaya (ELVA) reported Research & Development of $1.5 million for Q1 2026, up 38.04% year-over-year from $1.1 million in Q1 2025, and up 20.67% quarter-over-quarter from $1.2 million in Q4 2025.
Electrovaya (ELVA) Research & Development (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has 5 years of Research & Development data on file, last reported at $1.5 million in Q1 2026.
- Research & Development for Q1 2026 came in at $1.5 million, up 38.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.0 million (down 22.98% YoY), and the FY2025 annual result was $4.4 million, up 44.14% from the prior year.
- Research & Development climbed to $1.5 million in Q1 2026 per ELVA's latest filing, from $1.2 million in the prior quarter.
- Over five years, Research & Development peaked at $3.4 million in Q4 2024 and troughed at $524000.0 in Q3 2022.
- A 5-year average of $1.1 million and a median of $1.0 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2025: Research & Development dropped 27.44% in 2023, then jumped 66.67% in 2025.
- A 5-year view of Research & Development shows it stood at $524000.0 in 2022, then soared by 83.97% to $964000.0 in 2023, then soared by 250.83% to $3.4 million in 2024, then sank by 63.81% to $1.2 million in 2025, then grew by 20.67% to $1.5 million in 2026.
- Business Quant data shows ELVA's Research & Development at $1.5 million in Q1 2026, $1.2 million in Q4 2025, and $1.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 56.85 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 22.70 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 4.29 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 10.94 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | - |
| 10 | Electrovaya | 192,800.01 | -23.34 Mn | 6.04 Mn | 1.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.48 Mn |
| Dec 31, 2025 | 1.22 Mn |
| Sep 30, 2025 | 1.16 Mn |
| Jun 30, 2025 | 1.17 Mn |
| Mar 31, 2025 | 1.07 Mn |
| Dec 13, 2024 | 3.38 Mn |
| Sep 30, 2024 | 1.04 Mn |
| Jun 30, 2024 | 1.04 Mn |
| Mar 31, 2024 | 642,000.00 |
| Dec 31, 2023 | 964,000.00 |
| Sep 30, 2023 | 707,000.00 |
| Jun 30, 2023 | 685,000.00 |
| Sep 30, 2022 | 524,000.00 |
| Jun 30, 2022 | 944,000.00 |