Electrovaya Inc. (ELVA) Stock Falls on Q1 2026 Earnings

By: Quiver EarningsTracker

Posted: 3 days, 8 hours ago / Feb. 12, 2026 9:55 p.m. UTC

ELVA

Electrovaya Inc. (ELVA) reported first-quarter 2026 results showing strong top-line growth and a meaningful improvement in operating cash flow.

Revenue rose 83.6% year‑over‑year to $20.5 million.

Gross profit increased 86.7% to $6.4 million.

Cash from operating activities jumped 1,618.8% to $12.5 million.

Cash and cash equivalents totaled $22.7 million, up 177.6% year‑over‑year.

Shares were down 5.4% since market close.

Profitability and balance-sheet items showed mixed signals.

Cost of sales totaled $14.1 million, up 82.2% year‑over‑year.

Operating profit was $2.4 million, a decline of 841.3% year‑over‑year.

Net income attributable to common shareholders was $3.0 million, down 815.2% year‑over‑year.

Diluted earnings per share were $0.05, down 600.0% year‑over‑year.

Total liabilities stood at $39.6 million, up 58.4% year‑over‑year.

Capital spending rose sharply, with purchases of property, plant and equipment of $2.2 million, an increase of 21,870.0% year‑over‑year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Electrovaya Inc. Hedge Fund Activity

We have seen 43 institutional investors add shares of Electrovaya Inc. stock to their portfolio, and 12 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POLAR ASSET MANAGEMENT PARTNERS INC. removed 1,198,829 shares (-71.5%) from their portfolio in Q3 2025, for an estimated $7,061,102
THOMPSON SIEGEL & WALMSLEY LLC added 629,873 shares (+inf%) to their portfolio in Q4 2025, for an estimated $4,975,996
BANK OF AMERICA CORP /DE/ added 304,324 shares (+76081.0%) to their portfolio in Q3 2025, for an estimated $1,792,468
HILLSDALE INVESTMENT MANAGEMENT INC. removed 284,700 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,249,130
CONESTOGA CAPITAL ADVISORS, LLC added 263,320 shares (+inf%) to their portfolio in Q4 2025, for an estimated $2,080,228
TANAKA CAPITAL MANAGEMENT INC added 253,930 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,495,647
WALLEYE CAPITAL LLC added 220,421 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,298,279

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Electrovaya Inc. Analyst Ratings

Wall Street analysts have issued reports on $ELVA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Oppenheimer issued a "Outperform" rating on 12/18/2025

To track analyst ratings and price targets for Electrovaya Inc., check out Quiver Quantitative's $ELVA forecast page.