Electrovaya Inc. (TSX:ELVA)

Electrovaya Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	54.88	44.62	44.06	16.27	11.58	14.53
Revenue Growth (YoY)	10.88%	1.26%	170.80%	40.45%	-20.25%	196.97%
Cost of Revenue	38.54	30.93	32.2	12.4	7.72	9.67
Gross Profit	16.33	13.69	11.86	3.87	3.87	4.86
Selling, General & Admin	6.04	6.87	5.58	4.19	3.93	2.83
Research & Development	3.62	3.04	3.38	3.43	4.56	2.75
Other Operating Expenses	-0.28	-0.32	-0.39	-0.21	-0.87	-0.27
Operating Expenses	12.46	12.96	10.65	11.14	8.48	5.66
Operating Income	3.88	0.73	1.2	-7.27	-4.61	-0.8
Interest Expense	-2.38	-2.37	-2.47	-3.03	-2.67	-3.1
Currency Exchange Gain (Loss)	-0.3	0.15	-0.89	1.09	-0.26	-0.17
EBT Excluding Unusual Items	1.2	-1.49	-2.16	-9.21	-7.53	-4.06
Other Unusual Items	-	-	-	-	-	5.18
Pretax Income	1.2	-1.49	-2.16	-9.21	-7.53	1.11
Income Tax Expense	-	-	-0.68	-	-	-
Earnings From Continuing Operations	1.2	-1.49	-1.48	-9.21	-7.53	1.11
Net Income	1.2	-1.49	-1.48	-9.21	-7.53	1.11
Net Income to Common	1.2	-1.49	-1.48	-9.21	-7.53	1.11
Shares Outstanding (Basic)	37	34	34	29	28	24
Shares Outstanding (Diluted)	37	34	34	29	28	24
Shares Change (YoY)	6.23%	0.53%	15.29%	4.88%	16.94%	11.81%
EPS (Basic)	0.03	-0.04	-0.04	-0.31	-0.27	0.05
EPS (Diluted)	0.03	-0.04	-0.04	-0.31	-0.27	0.05
Free Cash Flow	-8.59	0.91	-5.74	-9.03	-8.68	-3.94
Free Cash Flow Per Share	-0.23	0.03	-0.17	-0.31	-0.31	-0.17
Gross Margin	29.77%	30.68%	26.91%	23.81%	33.37%	33.43%
Operating Margin	7.07%	1.63%	2.73%	-44.68%	-39.79%	-5.51%
Profit Margin	2.19%	-3.33%	-3.36%	-56.61%	-65.04%	7.66%
Free Cash Flow Margin	-15.65%	2.05%	-13.03%	-55.49%	-74.90%	-27.11%
EBITDA	4.77	1.48	1.7	-7.02	-4.57	-0.79
EBITDA Margin	8.70%	3.33%	3.87%	-43.17%	-39.45%	-5.45%
D&A For EBITDA	0.89	0.76	0.5	0.25	0.04	0.01
EBIT	3.88	0.73	1.2	-7.27	-4.61	-0.8
EBIT Margin	7.07%	1.63%	2.73%	-44.68%	-39.79%	-5.51%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.