Electrovaya Inc.ELVANASDAQ
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R&D Expenses Over TimeStrong
Percentile Rank93
3Y CAGR+10.9%
5Y CAGR+0.3%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+10.9%/yr
vs +4.3%/yr prior
5Y CAGR
+0.3%/yr
Recent acceleration
Acceleration
+6.7pp
Accelerating
Percentile
P93
Near historical high
vs 5Y Ago
1x
Modest growth
Streak
2 yr
Consecutive growthStrong
PeriodValueYoY Change
TTM$4.62M+5.5%
2025$4.38M+44.1%
2024$3.04M-10.2%
2023$3.38M-1.5%
2022$3.43M-24.6%
2021$4.55M+65.7%
2020$2.75M-4.0%
2019$2.86M-25.2%
2018$3.83M+28.1%
2017$2.98M-