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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and FIRST US BANCSHARES, INC. (FUSB). Click either name above to swap in a different company.

Electrovaya Inc. is the larger business by last-quarter revenue ($17.1M vs $10.4M, roughly 1.6× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs 5.3%, a 15.1% gap on every dollar of revenue. FIRST US BANCSHARES, INC. produced more free cash flow last quarter ($9.1M vs $-9.7M).

Electrovaya Inc. is a developer and manufacturer of Lithium-ion batteries and battery systems for the automotive, warehousing, autonomous guided vehicles, and energy storage applications. The company has operations in NY State and based in Ontario, Canada.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

ELVA vs FUSB — Head-to-Head

Bigger by revenue
ELVA
ELVA
1.6× larger
ELVA
$17.1M
$10.4M
FUSB
Higher net margin
FUSB
FUSB
15.1% more per $
FUSB
20.4%
5.3%
ELVA
More free cash flow
FUSB
FUSB
$18.8M more FCF
FUSB
$9.1M
$-9.7M
ELVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
FUSB
FUSB
Revenue
$17.1M
$10.4M
Net Profit
$907.0K
$2.1M
Gross Margin
30.8%
Operating Margin
28.1%
Net Margin
5.3%
20.4%
Revenue YoY
7.1%
Net Profit YoY
24.2%
EPS (diluted)
$0.02
$0.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ELVA
ELVA
FUSB
FUSB
Q4 25
$10.4M
Q3 25
$10.5M
Q2 25
$17.1M
$10.3M
Q1 25
$9.8M
Q4 24
$9.7M
Q3 24
$10.1M
Q2 24
$10.0M
Q1 24
$9.9M
Net Profit
ELVA
ELVA
FUSB
FUSB
Q4 25
$2.1M
Q3 25
$1.9M
Q2 25
$907.0K
$155.0K
Q1 25
$1.8M
Q4 24
$1.7M
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
$2.1M
Gross Margin
ELVA
ELVA
FUSB
FUSB
Q4 25
Q3 25
Q2 25
30.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ELVA
ELVA
FUSB
FUSB
Q4 25
28.1%
Q3 25
23.9%
Q2 25
1.6%
Q1 25
23.8%
Q4 24
23.8%
Q3 24
29.2%
Q2 24
27.4%
Q1 24
27.8%
Net Margin
ELVA
ELVA
FUSB
FUSB
Q4 25
20.4%
Q3 25
18.4%
Q2 25
5.3%
1.5%
Q1 25
18.1%
Q4 24
17.6%
Q3 24
22.0%
Q2 24
21.2%
Q1 24
21.3%
EPS (diluted)
ELVA
ELVA
FUSB
FUSB
Q4 25
$0.36
Q3 25
$0.32
Q2 25
$0.02
$0.03
Q1 25
$0.29
Q4 24
$0.29
Q3 24
$0.36
Q2 24
$0.34
Q1 24
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ELVA
ELVA
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$1.3M
$73.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$22.3M
$105.6M
Total Assets
$53.9M
$1.2B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
FUSB
FUSB
Q4 25
$73.5M
Q3 25
$54.7M
Q2 25
$1.3M
$54.0M
Q1 25
$56.0M
Q4 24
$47.2M
Q3 24
$82.3M
Q2 24
$58.2M
Q1 24
$60.2M
Total Debt
ELVA
ELVA
FUSB
FUSB
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Q1 24
$10.8M
Stockholders' Equity
ELVA
ELVA
FUSB
FUSB
Q4 25
$105.6M
Q3 25
$104.2M
Q2 25
$22.3M
$101.9M
Q1 25
$101.2M
Q4 24
$98.6M
Q3 24
$98.5M
Q2 24
$93.8M
Q1 24
$92.3M
Total Assets
ELVA
ELVA
FUSB
FUSB
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$53.9M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Debt / Equity
ELVA
ELVA
FUSB
FUSB
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELVA
ELVA
FUSB
FUSB
Operating Cash FlowLast quarter
$-7.3M
$12.3M
Free Cash FlowOCF − Capex
$-9.7M
$9.1M
FCF MarginFCF / Revenue
-56.8%
87.2%
Capex IntensityCapex / Revenue
14.1%
31.1%
Cash ConversionOCF / Net Profit
-8.06×
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
FUSB
FUSB
Q4 25
$12.3M
Q3 25
$4.2M
Q2 25
$-7.3M
$3.9M
Q1 25
$1.8M
Q4 24
$7.8M
Q3 24
$1.9M
Q2 24
$2.5M
Q1 24
$825.0K
Free Cash Flow
ELVA
ELVA
FUSB
FUSB
Q4 25
$9.1M
Q3 25
$3.6M
Q2 25
$-9.7M
$1.6M
Q1 25
$1.7M
Q4 24
$5.7M
Q3 24
$1.3M
Q2 24
$2.3M
Q1 24
$-142.0K
FCF Margin
ELVA
ELVA
FUSB
FUSB
Q4 25
87.2%
Q3 25
34.2%
Q2 25
-56.8%
16.0%
Q1 25
17.2%
Q4 24
58.2%
Q3 24
12.7%
Q2 24
23.5%
Q1 24
-1.4%
Capex Intensity
ELVA
ELVA
FUSB
FUSB
Q4 25
31.1%
Q3 25
5.9%
Q2 25
14.1%
21.8%
Q1 25
0.7%
Q4 24
21.6%
Q3 24
6.6%
Q2 24
2.0%
Q1 24
9.8%
Cash Conversion
ELVA
ELVA
FUSB
FUSB
Q4 25
5.79×
Q3 25
2.18×
Q2 25
-8.06×
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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