Electrovaya Inc. revenue

Electrovaya Inc.'s revenue was $63.8m in fiscal 2025, up 43.1% on the year before. Since fiscal 2022 ($16.3m) it has grown at a compound 57.7% a year.

Revenue history

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

Electrovaya Inc.: revenue history, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Revenue	16	44	45	64
Growth on the year before	—	+170.8%	+1.3%	+43.1%
Gross profit	4	12	14	20
Gross margin	23.8%	26.9%	30.7%	30.9%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Electrical Components & Equipment: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Electrovaya Inc.	$63.8m	43.1%	—
Cemtrex Inc	$71.2m	-6.5%	9.3%
Dragonfly Energy Holdings Corp.	$51.9m	-4.9%	-15.0%
E-power Inc.	$46.4m	-28.6%	—
Orion Energy Systems, Inc.	$92.5m	16.5%	6.3%
Skyx Platforms Corp.	$96.2m	8.1%	85.7%

Compare with peers

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More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies

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.