ELVA on Nasdaq

Electrovaya Inc.

Electrovaya Inc. is a Canadian miscellaneous electrical machinery company based in Mississauga.1 Its shares trade on Nasdaq under the symbol ELVA.1

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Last updated Oct 20, 2026.

Overview

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  • TickerELVA on Nasdaq1
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
  • HeadquartersMississauga, Canada1
  • Incorporated inOntario, Canada2
  • Business address6688 Kitimat Road, Mississauga, A6 L5N 1P82
  • Filer category, Emerging growth company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

26.9%Gross margin3
-3.4%Net margin3
170.8%Revenue growth, 20233
-20.7%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development8¢$3.4M
  • Other costs92¢$40.7M
  • Interest0¢$2.5K

Out of $44.1M in revenue.3 The company lost money this year.

Financial statements

Revenue3$44.1M in 2023+171% since 2022
0$20.0M$40.0M$60.0M2022: $16.3M$16.3M20222023: $44.1M$44.1M2023+171%
Gross profit3$11.9M in 2023+206% since 2022
0$5.0M$10.0M$15.0M2022: $3.9M$3.9M20222023: $11.9M$11.9M2023+206%
Net income3-$1.5M in 2023−84% since 2022
-$10.0M-$7.5M-$5.0M-$2.5M02022: -$9.2M-$9.2M20222023: -$1.5M-$1.5M2023−84%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-09-302024-09-30
Revenue$63.8M$44.6M
Direct manufacturing costs$44.1M$30.9M
Gross margin$19.7M$13.7M
Research and development$4.4M$3.0M
Government assistance-$89.0K-$316.0K
Sales and marketing$2.9M$2.9M
General and administrative$3.7M$3.9M
Stock based compensation$1.8M$2.2M
Depreciation and amortization$1.5M$1.2M
Operating expenses$14.2M$13.0M
Income from operations$5.5M$729.0K
Finance charges$2.8M$3.7M
Loss (gain) from fair value changes in derivative liability$915.0K-$1.3M
Foreign exchange loss (gain) and interest income$560.0K-$152.0K
Income (loss) before income tax$1.3M-$1.5M
Income tax recovery$2.1M
Net income (loss) for the year$3.4M-$1.5M
Basic income (loss) per share$0.09-$0.04
Diluted income (loss) per share$0.08-$0.04
Weighted average number of shares basic39.1M shares34.0M shares
Weighted average number of shares diluted41.4M shares34.0M shares

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Corporate structure

Electrovaya Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Electrovaya Inc.

  • FMR LLC Filed SCHEDULE 13G/A on Electrovaya Inc., latest Feb 6, 2026 (2 filings since Feb 5, 2026)
  • Orin Hirschman Filed SCHEDULE 13G/A on Electrovaya Inc., latest Nov 10, 2025 (3 filings since Feb 7, 2024)
  • Laurence W. Lytton Filed SCHEDULE 13G/A on Electrovaya Inc., latest Aug 14, 2025 (2 filings since Dec 23, 2024)
  • Polar Asset Management Partners Inc. Filed SCHEDULE 13G/A on Electrovaya Inc., latest May 15, 2025 (3 filings since Feb 14, 2025)
  • Electrovaya Inc. Mississauga, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Electrovaya Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$10.1M3 Sep 30, 2023$7.3M3 Sep 30, 2022+38.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.0M3 Sep 30, 2023$600.0K3 Sep 30, 2022+66.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$8.3M3 Sep 30, 2023$7.4M3 Sep 30, 2022+12.4%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorDr. Raj Das Gupta named Nov 16, 20225
  • Executive OfficerJohn K. Gibson named Nov 16, 20225
  • Executive OfficerRajshekar P. Das Gupta named Oct 13, 20216
  • Executive OfficerRichard P. Halka named Oct 13, 20216
  • DirectorDr. Bejoy K. Das Gupta named Oct 13, 2021 to Nov 16, 20225
  • DirectorDr. Carolyn Hansson named Oct 13, 2021 to Nov 16, 20225
  • DirectorDr. James K. Jacobs named Oct 13, 2021 to Nov 16, 20225
  • DirectorDr. Sankar Das Gupta named Oct 13, 2021 to Nov 16, 20225
  • DirectorKatrick K. Kumar named Nov 16, 20225
  • DirectorDr. Alexander K. McLean named Oct 13, 20216
  • DirectorJohn A. K. Macdonald named Oct 13, 20216

Calendar

Coming up

  1. Dec 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.06 a share, on Dec 10, 2025.7

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

181 filings to the SEC since October 2021: 3 annual reports, 10 large holders, 3 private raises, 165 other. The latest 20:

  1. Oct 14, 20266-K EDGAR
  2. Oct 8, 20266-K EDGAR
  3. Oct 8, 2026SUPPL EDGAR
  4. Oct 5, 2026F-X EDGAR
  5. Oct 5, 2026F-10EF EDGAR
  6. Oct 5, 20266-K EDGAR
  7. Aug 24, 20266-K EDGAR
  8. Aug 12, 20266-K/A FORM 6-KA EDGAR
  9. Aug 11, 20266-K EDGAR
  10. Aug 6, 20266-K EDGAR
  11. Aug 5, 20266-K EDGAR
  12. Jul 30, 20266-K EDGAR
  13. Jul 15, 20266-K EDGAR
  14. May 27, 20266-K EDGAR
  15. May 15, 20266-K EDGAR
  16. May 15, 20266-K FORM 8-K EDGAR
  17. May 6, 20266-K EDGAR
  18. Apr 15, 20266-K EDGAR
  19. Mar 3, 20266-K EDGAR
  20. Feb 26, 20266-K EDGAR

The 181 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 7, 2022Raised $10 million in a private offering of equity Form D: $16.3 million offered in all Form D
  2. Sep 29, 2021Raised $3 million in a private offering of equity Form D: $4.8 million offered in all Form D
  3. Sep 29, 2021Filed a private offering of securities Form D: $92,109 offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 91. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC5,057,085$53.1M0.0%−230,538
Picton Mahoney Asset Management766,348$8.0M0.1%−41,199
Hood River Capital Management LLC730,318$7.7M0.1%New
HERALD INVESTMENT MANAGEMENT Ltd704,500$7.4M1.0%−445,500
Lazard Asset Management LLC576,350$6.1M0.0%+326,921
WealthTrust Axiom LLC499,613$5.2M1.2%−4,744
Polar Asset Management Partners Inc.432,322$4.5M0.1%−323,401
Caldwell Investment Management Ltd.398,000$4.2M2.7%No change
Conestoga Capital Advisors, LLC328,100$3.4M0.1%+64,780
Penbrook Management LLC326,231$3.4M2.2%+30,875
Huntleigh Advisors, Inc.278,412$2.9M0.4%+122,751
Triasima Portfolio Management inc.276,776$2.9M0.4%+6,161
Bank Of America Corp /de/210,400$2.2M0.0%+151,271
Federation des caisses Desjardins du Quebec204,818$2.1M0.0%+199,228
Jane Street Group, LLC189,739$2.0M0.0%−100,138
Russell Investments Group, Ltd.181,078$1.9M0.0%New
MYDA Advisors LLC170,000$1.8M0.4%−96,423
UBS Group AG165,430$1.7M0.0%+11,286
Gilder Gagnon Howe & Co LLC144,835$1.5M0.0%New
First Trust Advisors LP123,518$1.3M0.0%+22,175
Quadrature Capital Ltd93,442$981.8K0.0%New
Raymond James Financial Inc85,283$895.5K0.0%+8,736
Goldman Sachs Group Inc82,851$869.9K0.0%+55,849
Morgan Stanley81,389$854.6K0.0%+23,023
Qube Research & Technologies Ltd80,465$844.9K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Electrovaya Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARElectrovaya Inc.1
  • CIK0001844450
  • Filer status<br>emerging growth company an emerging growth company1
  • Incorporated inOntario, Canada1
  • Fiscal year endsSeptember 301
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address6688 Kitimat Road, Mississauga, A6 L5N 1P81
  • Phone905-855-46271
  • Shares outstanding34,137,665 as of Sep 30, 202413
  • On EDGAR sinceOct 13, 20211
  • Filings181 in all: 6-K (143), 6-K/A (5), SCHEDULE 13G/A (5), SUPPL (5), SCHEDULE 13G (4), 40-F (3), D (3), F-X (3)1
    All 18 form types

    40FR12B (1), CERT (1), EFFECT (1), F-10 (1), F-10/A (1), F-10EF (1), NT 10-K (1), NT 20-F/A (1), SC 13G (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (40-F) Dec 19, 2025

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueELVA

From the cover page of the 40-F filed Dec 19, 2025 (Section 12(b) of the Exchange Act).12

Sources

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