Business
Electrovaya Reports Fiscal Year Q1 2026 Results
Quarterly Revenue of $15.5M up 39% YoY; Adjusted EBITDA1 of $2M, up 265% YoY, and Net Profit of $1M ($0.02/share) Strong Progress with the development of ultra-high rate charging cell and system technology along with other product development activities ...
About this update from Electrovaya Inc.
[{"type":"text","content":"Quarterly Revenue of $15.5M up 39% YoY; Adjusted EBITDA1 of $2M, up 265% YoY, and Net Profit of $1M ($0.02/share)","length":113,"tagName":"p"},{"type":"text","content":"Strong Progress with the development of ultra-high rate charging cell and system technology along with other product development activities","length":139,"tagName":"p"},{"type":"text","content":"Reaffirms Fiscal 2026 Revenue Guidance Exceeding $83M","length":53,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / February 12, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the first quarter and fiscal year ended September 30, 2026 ("Q1 FY 2026"). All dollar amounts are in U.S. dollars unless otherwise noted.","length":403,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Electrovaya, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":233,"height":41,"url":"https://media.zenfs.com/en/accesswire.ca/b0f84a12063550ecc45c6a8883f25034"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NEDL013bsg3w9HshIqectA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/b0f84a12063550ecc45c6a8883f25034","width":233,"height":41}},"href":"https://app.accessnewswire.com/imagelibrary/1a2a57b4-ba0f-4320-a9dc-5981e8774800/1136881/electrovaya.png","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Financial Highlights:","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue for Q1 FY 2026 was $15.5 million, compared to $11.1 million in Q1 2025. An increase of $4.4 million or 39% year over year","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin for Q1 FY 2026 was 32.9%, compared to 30.5% in Q1 2025. An increase of 240 basis points.","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 was $2.0 million, compared to $0.5 million in Q1 2025, an increase of $1.4 million or 265%. Q1 2025 was the Company's eleventh consecutive quarter of positive Adjusted EBITDA1.","length":197,"tagName":"p"}]},{"val":[{"type":"text","content":"Net profit was $1.0 million compared to a net loss of $0....