Electrovaya Inc.

ELVA.TOTSXIndustrials● Active

$14.85

+$0.43(+2.98%)

Market Cap$580414032

P/E Ratio—

52W High$17.62

52W Low$4.22

Avg Volume122K

Open$15.05

Beta0.58

Free Cash Flow Financials Revenue

Electrovaya Inc. (ELVA.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ELVA.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

ELVA.TO · FCF · TTM · margin & CAGR

Free cash flow was −$9.5M for FY2025 (fiscal year ending 2025-09-30), down 1140.7% year-over-year The FCF margin was -14.8%.

FY2025 Free Cash Flow−$9.5M▼ -1140.7% YoY

Trailing 12M (TTM)−$18.1Mtrailing 4 quarters sum

FCF Margin-14.8%−$9.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ELVA.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$566,318(11M)−$9.5M▼ 1140.7%-14.8%

FY2024$1.0M(0M)$913,000▲ +117.0%2.0%

FY2023−$4.9M(1M)−$5.4M▲ +54.8%-12.4%

FY2022−$11.8M(0M)−$11.9M▼ 36.7%-76.0%

FY2021−$8.1M(1M)−$8.7M▼ 120.3%-87.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ELVA.TO · P/FCF · FCF yield · FCF per share

Electrovaya Inc. (ELVA.TO) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

ELVA.TO · cash flow statement · operating / investing / financing

For FY2025, Electrovaya Inc. generated −$0.6M in operating cash flow and spent 11M in capital expenditures, yielding −$9.5M in free cash flow.

Operating Activities

−$0.6M

Cash from core business operations

2025-09-30

Investing Activities

−$15.9M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

+$24.3M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF (−$0.6M) − |CapEx| (11M) = FCF (−$9.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ELVA.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Electrovaya Inc.YOU

ELVA.TO

−$9.5M-1140.7%-14.9%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Electrovaya Inc. (ELVA.TO) reported free cash flow of −$9.5M for FY2025 (fiscal year ending 2025-09-30), down 1140.7% year-over-year. The FCF margin was -14.8%.

Based on available data, Electrovaya Inc. has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $913,000 in FY2024.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ELVA.TO free cash flow · 8 questions

Electrovaya Inc. free cash flow was −$9.5M for FY2025, down 1140.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$18.1M.

ELVA.TO free cash flowELVA.TO FCFELVA.TO FCF 2025ELVA.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Electrovaya Inc. · Electrovaya Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026