Electrovaya Inc. Common Shares Earnings Recaps
Q1 2026
Feb 14, 2026
Electrovaya Inc. reported a robust Q1 2026, achieving nearly 40% year-over-year revenue growth alongside improved margins and maintained profitability, highlighted by $2 million in EBITDA.
Key takeaways
- Revenue reached $15.5 million, up from $11.1 million in Q1 2025, defying historical seasonal trends.
- EBITDA improved to approximately $2 million, with net income exceeding $1 million.
- Expansion efforts include a new Japanese subsidiary and the initiation of commercial battery deliveries in robotics and defense sectors.
- Major advancements in product development, particularly with ultrafast charging technology and energy storage systems targeting the 800-volt DC market.
- Ongoing infrastructure upgrades at the Jamestown facility to support increased production capacity.
Q4 2025
Dec 12, 2025
Electrovaya reported a landmark Q4 and full year 2025, achieving over 40% revenue growth and the first full year of profitability in its history, underpinned by strategic execution and a robust balance sheet.
Key takeaways
- Revenue exceeded $20 million in Q4, marking a significant operational scale without resource strain.
- Secured $25 million financing from Bank of Montreal and $51 million from EXIM to support manufacturing growth.
- Expanded institutional investor base with $40 million raised through two equity issuances, enhancing liquidity for future growth.
- Established presence in new applications, with initial orders in robotics and trials for airport ground equipment, indicating future revenue streams.
- Committed to advancing technology with ongoing investments in rapid charging and solid-state battery development, vital for competitive positioning.