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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and Open Lending Corp (LPRO). Click either name above to swap in a different company.

Open Lending Corp is the larger business by last-quarter revenue ($19.3M vs $17.1M, roughly 1.1× Electrovaya Inc.). Open Lending Corp produced more free cash flow last quarter ($-3.3M 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.

Open Library is an online project intended to create "one web page for every book ever published". Created by Aaron Swartz, Brewster Kahle, Alexis Rossi, Anand Chitipothu, and Rebecca Hargrave Malamud, Open Library is a project of the Internet Archive, a nonprofit organization. It has been funded in part by grants from the California State Library and the Kahle/Austin Foundation. Open Library provides online digital copies in multiple formats, created from images of many public domain, out-of...

ELVA vs LPRO — Head-to-Head

Bigger by revenue
LPRO
LPRO
1.1× larger
LPRO
$19.3M
$17.1M
ELVA
More free cash flow
LPRO
LPRO
$6.5M more FCF
LPRO
$-3.3M
$-9.7M
ELVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
LPRO
LPRO
Revenue
$17.1M
$19.3M
Net Profit
$907.0K
Gross Margin
30.8%
76.0%
Operating Margin
3.9%
Net Margin
5.3%
Revenue YoY
134.0%
Net Profit YoY
EPS (diluted)
$0.02
$-0.00

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
LPRO
LPRO
Q4 25
$19.3M
Q3 25
$24.2M
Q2 25
$17.1M
$25.3M
Q1 25
$24.4M
Q4 24
$-56.9M
Q3 24
$23.5M
Q2 24
$26.7M
Q1 24
$30.7M
Net Profit
ELVA
ELVA
LPRO
LPRO
Q4 25
Q3 25
$-7.6M
Q2 25
$907.0K
$1.0M
Q1 25
$617.0K
Q4 24
Q3 24
$1.4M
Q2 24
$2.9M
Q1 24
$5.1M
Gross Margin
ELVA
ELVA
LPRO
LPRO
Q4 25
76.0%
Q3 25
78.0%
Q2 25
30.8%
78.2%
Q1 25
75.1%
Q4 24
111.0%
Q3 24
73.9%
Q2 24
78.6%
Q1 24
81.3%
Operating Margin
ELVA
ELVA
LPRO
LPRO
Q4 25
3.9%
Q3 25
-31.9%
Q2 25
4.6%
Q1 25
3.1%
Q4 24
138.0%
Q3 24
7.9%
Q2 24
14.9%
Q1 24
23.8%
Net Margin
ELVA
ELVA
LPRO
LPRO
Q4 25
Q3 25
-31.3%
Q2 25
5.3%
4.1%
Q1 25
2.5%
Q4 24
Q3 24
6.1%
Q2 24
10.9%
Q1 24
16.5%
EPS (diluted)
ELVA
ELVA
LPRO
LPRO
Q4 25
$-0.00
Q3 25
$-0.06
Q2 25
$0.02
$0.01
Q1 25
$0.01
Q4 24
$-1.20
Q3 24
$0.01
Q2 24
$0.02
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
ELVA
ELVA
LPRO
LPRO
Cash + ST InvestmentsLiquidity on hand
$1.3M
$176.6M
Total DebtLower is stronger
$84.8M
Stockholders' EquityBook value
$22.3M
$75.0M
Total Assets
$53.9M
$236.7M
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
LPRO
LPRO
Q4 25
$176.6M
Q3 25
$222.1M
Q2 25
$1.3M
$230.7M
Q1 25
$236.2M
Q4 24
$243.2M
Q3 24
$250.2M
Q2 24
$248.0M
Q1 24
$247.0M
Total Debt
ELVA
ELVA
LPRO
LPRO
Q4 25
$84.8M
Q3 25
$134.4M
Q2 25
$136.1M
Q1 25
$137.9M
Q4 24
$139.7M
Q3 24
$141.5M
Q2 24
$143.3M
Q1 24
$143.2M
Stockholders' Equity
ELVA
ELVA
LPRO
LPRO
Q4 25
$75.0M
Q3 25
$72.8M
Q2 25
$22.3M
$78.9M
Q1 25
$79.8M
Q4 24
$78.1M
Q3 24
$220.5M
Q2 24
$216.8M
Q1 24
$211.5M
Total Assets
ELVA
ELVA
LPRO
LPRO
Q4 25
$236.7M
Q3 25
$287.7M
Q2 25
$53.9M
$296.7M
Q1 25
$304.2M
Q4 24
$296.4M
Q3 24
$395.7M
Q2 24
$382.8M
Q1 24
$380.6M
Debt / Equity
ELVA
ELVA
LPRO
LPRO
Q4 25
1.13×
Q3 25
1.84×
Q2 25
1.72×
Q1 25
1.73×
Q4 24
1.79×
Q3 24
0.64×
Q2 24
0.66×
Q1 24
0.68×

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
LPRO
LPRO
Operating Cash FlowLast quarter
$-7.3M
$-3.2M
Free Cash FlowOCF − Capex
$-9.7M
$-3.3M
FCF MarginFCF / Revenue
-56.8%
-16.8%
Capex IntensityCapex / Revenue
14.1%
0.3%
Cash ConversionOCF / Net Profit
-8.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
LPRO
LPRO
Q4 25
$-3.2M
Q3 25
$-5.7M
Q2 25
$-7.3M
$848.0K
Q1 25
$-3.8M
Q4 24
$17.6M
Q3 24
$11.4M
Q2 24
$-1.4M
Q1 24
$11.0M
Free Cash Flow
ELVA
ELVA
LPRO
LPRO
Q4 25
$-3.3M
Q3 25
Q2 25
$-9.7M
$837.0K
Q1 25
$-3.9M
Q4 24
$17.4M
Q3 24
$11.3M
Q2 24
$-1.5M
Q1 24
FCF Margin
ELVA
ELVA
LPRO
LPRO
Q4 25
-16.8%
Q3 25
Q2 25
-56.8%
3.3%
Q1 25
-15.9%
Q4 24
-30.6%
Q3 24
48.0%
Q2 24
-5.5%
Q1 24
Capex Intensity
ELVA
ELVA
LPRO
LPRO
Q4 25
0.3%
Q3 25
0.0%
Q2 25
14.1%
0.0%
Q1 25
0.2%
Q4 24
-0.3%
Q3 24
0.5%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
ELVA
ELVA
LPRO
LPRO
Q4 25
Q3 25
Q2 25
-8.06×
0.82×
Q1 25
-6.22×
Q4 24
Q3 24
7.92×
Q2 24
-0.48×
Q1 24
2.16×

Financial Flow Comparison

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

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