Electrovaya (ELVA) Research & Development (2022 - 2026)
Electrovaya (ELVA) posted quarterly 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 reported Research & Development for 5 consecutive years, with $1.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 38.04% year-over-year to $1.5 million; the TTM figure through Mar 2026 stood at $5.0 million (down 22.98% YoY), while the FY2025 annual figure was $4.4 million, up 44.14% from the prior year.
- Research & Development grew to $1.5 million in Q1 2026 per ELVA's latest filing, from $1.2 million in the prior quarter.
- Across five years, Research & Development topped out at $3.4 million in Q4 2024 and bottomed at $524000.0 in Q3 2022.
- Historically, Research & Development has averaged $1.1 million across 5 years, with a median of $1.0 million in 2024.
- Annual changes were most pronounced in 2024 — Research & Development fell 27.62% — and 2025, when it jumped 66.67%.
- Electrovaya's Research & Development stood at $524000.0 in 2022, then jumped by 83.97% to $964000.0 in 2023, then jumped by 250.83% to $3.4 million in 2024, then slumped by 63.81% to $1.2 million in 2025, then increased 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 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 58.87 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 24.50 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 65.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 4.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | - |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 7.67 Mn |
| 10 | Electrovaya | 328.13 Mn | 304.60 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 |
| Mar 31, 2023 | 887,000.00 |
| Sep 30, 2022 | 524,000.00 |
| Jun 30, 2022 | 944,000.00 |