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Electrovaya
Electrovaya (EFL) investor relations material
Electrovaya Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary12 Feb, 2026
Executive summary
Q1 FY2026 revenue reached $15.5M, up 39% year-over-year, with adjusted EBITDA of $2M and net profit of $1M, reversing a net loss in Q1 2025.
Historically the weakest quarter due to seasonality, but momentum was maintained across core and new verticals.
Expansion of manufacturing capacity in Jamestown, NY, and entry into new verticals such as defense and robotics are underway.
Equity raise in November 2025 and operational performance strengthened the balance sheet.
Strong progress in product development, including ultra-fast charging cell technology and expansion into new markets and applications.
Financial highlights
Q1 revenue was $15.5M, up 39% from $11.1M in the prior year.
Gross margin improved to 32.9%, up 240 basis points from 30.5% year-over-year.
Operating profit reached $1.4M, compared to a $0.2M loss last year; net profit was $1M versus a $0.4M loss.
Adjusted EBITDA was $2M, up 265% from $0.5M; EBITDA margin was 13%.
Positive cash flow from operations of $1.9M, with a closing cash balance of $22.7M, up $14.5M year-over-year.
Outlook and guidance
Fiscal 2026 revenue guidance reaffirmed at over $83M, representing more than 30% growth over FY2025.
Backlog and frontlog combined at $100M–$125M, with guidance discounted for customer delays and seasonality.
Upside potential exists from new verticals, especially airport ground equipment, not fully included in guidance.
Robotics expected to be the second largest revenue driver in 2026, ahead of defense.
Guidance reflects existing purchase orders and anticipated customer pipeline, with some revenue possibly deferred to FY2027.
Jamestown cell production start date
New verticals' FY26 revenue growth impact
Ultra-fast charging/800V DC commercialization update
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Next Electrovaya earnings date
Q2 202613 May, 2026
Electrovaya
Next Electrovaya earnings date
Q2 202613 May, 2026
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Frequently asked questions
Electrovaya Inc designs and manufactures lithium-ion battery systems for energy storage and heavy-duty electric vehicle applications. The company serves industries including material handling, grid storage, and electric mobility with proprietary battery technologies. The company is headquartered in Mississauga, Canada, and its shares are listed on the TSX.
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