Electrovaya (ELVA) Research & Development (2022 - 2026)
Electrovaya (ELVA) reported Research & Development of $407,000 for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 65.2% from $1.17 million a year earlier and down 72.4% from the prior quarter.
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Analysis
Electrovaya (ELVA) Research & Development (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Electrovaya's Research & Development came in at $4.26 million; for FY2025 (ended Sep 30, 2025), it was $4.38 million.
- Research & Development has a three-year compound annual growth rate of 8.4% (FY2022 to FY2025).
- By fiscal year, Research & Development came in at -$3.04 million in FY2024, -$3.38 million in FY2023 and $3.43 million in FY2022.
- The fiscal Q3 2026 figure ranks as the lowest quarterly Research & Development since fiscal Q4 2024.
- Year over year, Research & Development gained in five of the last six quarters, with growth averaging 13.1%.
- The high point for year-over-year Research & Development in five years was fiscal Q2 2025 (growth of 66.7%); the low point was fiscal Q3 2026 (a decline of 65.2%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.48 million (Q2 2026), $1.22 million (Q1 2026) and $1.16 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 358.00 Mn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 67.22 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 45.57 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 3.83 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 63.83 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 32.20 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | - |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 10.30 Mn |
| 10 | Electrovaya | 185.70 Mn | 123.20 Mn | 6.19 Mn | 407,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 407,000.00 |
| Mar 31, 2026 | 1.48 Mn |
| Dec 31, 2025 | 1.22 Mn |
| Jun 30, 2025 | 1.17 Mn |
| Mar 31, 2025 | 1.07 Mn |
| Dec 31, 2024 | 984,000.00 |
| Jun 30, 2024 | 1.04 Mn |
| Mar 31, 2024 | 642,000.00 |
| Dec 31, 2023 | 964,000.00 |
| Jun 30, 2023 | 685,000.00 |
| Mar 31, 2023 | 983,000.00 |
| Sep 30, 2022 | 524,000.00 |
| Jun 30, 2022 | 944,000.00 |
API Access
Electrovaya Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();