Electrovaya Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	71.24	63.83	44.62	44.06	16.27	11.58
Revenue Growth (YoY)	48.37%	43.06%	1.26%	170.80%	40.45%	-20.25%
Cost of Revenue	48.45	44.11	30.93	32.2	12.4	7.66
Gross Profit	22.79	19.72	13.69	11.86	3.87	3.92
Selling, General & Admin	8.97	8.36	9.03	6.75	7.42	4.47
Depreciation & Amortization Expenses	1.74	1.53	1.21	0.91	0.5	0.32
Research & Development	5.03	4.38	3.04	3.38	3.43	4.56
Other Operating Expenses	-0.84	-0.09	-0.32	-0.39	-0.21	-0.81
Total Operating Expenses	14.9	14.18	12.96	10.65	11.14	8.53
Operating Income	7.89	5.54	0.73	1.2	-7.27	-7.28
Interest Income	-1.7	-0.56	0.15	-0.89	-1.09	0.26
Interest Expense	-1.58	-2.76	-3.7	-2.47	-3.03	-2.67
Other Non-Operating Income (Expense)	-	-0.92	1.33	-	-	-
Total Non-Operating Income (Expense)	-3.29	-4.23	-2.21	-3.36	-4.12	-2.41
Pretax Income	4.6	1.31	-1.49	-2.16	-11.39	-9.69
Provision for Income Taxes	-1.13	-2.05	-	-	-	-
Net Income	5.73	3.36	-1.49	-2.16	-11.39	-9.69
Net Income to Common	5.73	3.36	-1.49	-2.16	-11.39	-9.69
Net Income Growth	1244.95%	-	-	-	-	-
Shares Outstanding (Basic)	43	39	34	34	29	28
Shares Outstanding (Diluted)	46	41	34	34	29	28
Shares Change (YoY)	26.92%	21.65%	0.53%	15.29%	4.88%	16.94%
EPS (Basic)	0.12	0.09	-0.04	-0.04	-0.31	-0.25
EPS (Diluted)	0.11	0.08	-0.04	-0.04	-0.31	-0.25
Shares Outstanding	49.23	42.11	34.14	33.83	29.44	29.19
Free Cash Flow	-4.76	-2.89	0.91	-5.74	-9.03	-8.68
Free Cash Flow Per Share	-0.10	-0.07	0.03	-0.17	-0.31	-0.31
Gross Margin	31.99%	30.90%	30.68%	26.91%	23.81%	33.87%
Operating Margin	11.07%	8.68%	1.63%	2.73%	-44.68%	-62.83%
Profit Margin	8.04%	5.27%	-3.33%	-4.90%	-70.02%	-83.66%
FCF Margin	-6.68%	-4.53%	2.05%	-13.03%	-55.49%	-74.90%
EBITDA	9.56	6.99	1.94	2.11	-6.77	-6.96
EBITDA Margin	13.42%	10.96%	4.34%	4.79%	-41.59%	-60.07%
EBIT	7.89	5.54	0.73	1.2	-7.27	-7.28
EBIT Margin	11.07%	8.68%	1.63%	2.73%	-44.68%	-62.83%
Effective Tax Rate	-24.45%	-156.72%	0.00%	0.00%	0.00%	0.00%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.