Electrovaya (ELVA) Research & Development (2022 - 2026)
Electrovaya (ELVA) reported Research & Development of -$407,000 for fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with $1.17 million a year earlier.
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Electrovaya (ELVA) Research & Development (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Electrovaya's Research & Development came in at $3.45 million, down 48.2% year-over-year; for FY2025 (ended Sep 30, 2025), it was $4.38 million, up 44.1% from FY2024.
- Research & Development has a three-year compound annual growth rate of 3.9% (FY2022 to FY2025).
- By fiscal year, Research & Development came in at $3.04 million in FY2024, -$3.38 million in FY2023 and $3.9 million in FY2022.
- The fiscal Q3 2026 figure ranks as the lowest quarterly Research & Development since fiscal Q4 2023.
- Year over year, Research & Development gained in four of the last five quarters, with growth averaging 13.0%.
- 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 | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Electrovaya | 274.55 Mn | 212.05 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 |
| 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 | -6.06 Mn |
| Jun 30, 2023 | 685,000.00 |
| Sep 30, 2022 | 989,000.00 |
| 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();