Electrovaya Third Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags

Electrovaya (TSE:ELVA) Third Quarter 2025 Results

Key Financial Results

• Revenue: US$17.1m (up 67% from 3Q 2024).
• Net income: US$907.0k (up from US$324.0k loss in 3Q 2024).
• Profit margin: 5.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue.
• EPS: US$0.023 (up from US$0.009 loss in 3Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Electrovaya Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in Canada.

Performance of the Canadian Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Electrovaya you should be aware of, and 2 of them make us uncomfortable.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.