Electrovaya Reports Strong Q3 FY 2026 Financial Results

Electrovaya, a Toronto-based lithium-ion battery manufacturer, has announced its financial results for Q3 FY 2026, showcasing a record quarterly gross margin of 34.9%. The company's adjusted EBITDA reached an all-time high of $3.7 million, marking a 27% increase year-over-year. Quarterly revenue also increased slightly to $17.7 million, compared to $17.1 million in the same quarter last year.

The company strengthened ties with Amazon through a new commercial agreement, aiming to enhance growth opportunities. Additionally, Electrovaya launched its ElvaPulse™ 1500, a stationary energy storage platform, targeting high-power applications.

Despite achieving a lower net profit of $0.3 million compared to $0.9 million last year, Electrovaya maintained its sixth consecutive quarter of net profitability. Its cash balance saw a significant increase, reaching $13.1 million by the end of Q3 FY 2026.