Electrovaya Inc. balance sheet

At the end of fiscal 2025, Electrovaya Inc. had total assets of $63.9m and shareholders' equity of $31.1m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Electrovaya Inc.: balance sheet, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Cash and equivalents	1	1	—	—
Inventory	7	8	10	12
Total current assets	15	26	29	42
Total assets	22	37	39	64
Total current liabilities	23	27	29	10
Short-term debt	4	3	2	0
Total debt	4	3	2	0
Shareholders' equity	−7	7	9	31
Net debt (negative = net cash)	3	2	—	—
Shares outstanding	—	33m	5m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Electrovaya Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Electrovaya Inc.