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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and Rhinebeck Bancorp, Inc. (RBKB). Click either name above to swap in a different company.

Electrovaya Inc. is the larger business by last-quarter revenue ($17.1M vs $13.5M, roughly 1.3× Rhinebeck Bancorp, Inc.). Rhinebeck Bancorp, Inc. runs the higher net margin — 17.3% vs 5.3%, a 12.0% gap on every dollar of revenue. Rhinebeck Bancorp, Inc. produced more free cash flow last quarter ($10.9M 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.

Rhinebeck Bancorp, Inc. is a US regional bank holding company based in New York. It operates Rhinebeck Bank, offering retail and commercial banking services including deposit accounts, loans, mortgages and wealth management, mainly serving consumers and small-to-medium businesses across New York's Hudson Valley region.

ELVA vs RBKB — Head-to-Head

Bigger by revenue
ELVA
ELVA
1.3× larger
ELVA
$17.1M
$13.5M
RBKB
Higher net margin
RBKB
RBKB
12.0% more per $
RBKB
17.3%
5.3%
ELVA
More free cash flow
RBKB
RBKB
$20.6M more FCF
RBKB
$10.9M
$-9.7M
ELVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
RBKB
RBKB
Revenue
$17.1M
$13.5M
Net Profit
$907.0K
$2.3M
Gross Margin
30.8%
Operating Margin
21.7%
Net Margin
5.3%
17.3%
Revenue YoY
1701.1%
Net Profit YoY
188.0%
EPS (diluted)
$0.02
$0.21

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
RBKB
RBKB
Q4 25
$13.5M
Q3 25
$14.0M
Q2 25
$17.1M
$13.1M
Q1 25
$12.8M
Q4 24
$750.0K
Q3 24
$773.0K
Q2 24
$10.7M
Q1 24
$10.4M
Net Profit
ELVA
ELVA
RBKB
RBKB
Q4 25
$2.3M
Q3 25
$2.7M
Q2 25
$907.0K
$2.7M
Q1 25
$2.3M
Q4 24
$-2.7M
Q3 24
$-8.1M
Q2 24
$975.0K
Q1 24
$1.1M
Gross Margin
ELVA
ELVA
RBKB
RBKB
Q4 25
Q3 25
Q2 25
30.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ELVA
ELVA
RBKB
RBKB
Q4 25
21.7%
Q3 25
23.9%
Q2 25
26.6%
Q1 25
22.9%
Q4 24
-444.9%
Q3 24
-1332.3%
Q2 24
11.8%
Q1 24
13.9%
Net Margin
ELVA
ELVA
RBKB
RBKB
Q4 25
17.3%
Q3 25
19.3%
Q2 25
5.3%
20.8%
Q1 25
17.9%
Q4 24
-353.9%
Q3 24
-1042.9%
Q2 24
9.2%
Q1 24
10.8%
EPS (diluted)
ELVA
ELVA
RBKB
RBKB
Q4 25
$0.21
Q3 25
$0.25
Q2 25
$0.02
$0.25
Q1 25
$0.21
Q4 24
$-0.24
Q3 24
$-0.75
Q2 24
$0.09
Q1 24
$0.10

Balance Sheet & Financial Strength

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

Metric
ELVA
ELVA
RBKB
RBKB
Cash + ST InvestmentsLiquidity on hand
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.3M
$136.9M
Total Assets
$53.9M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
RBKB
RBKB
Q4 25
Q3 25
Q2 25
$1.3M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ELVA
ELVA
RBKB
RBKB
Q4 25
$136.9M
Q3 25
$133.0M
Q2 25
$22.3M
$129.0M
Q1 25
$126.0M
Q4 24
$121.8M
Q3 24
$122.7M
Q2 24
$116.2M
Q1 24
$114.3M
Total Assets
ELVA
ELVA
RBKB
RBKB
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$53.9M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B

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
RBKB
RBKB
Operating Cash FlowLast quarter
$-7.3M
$11.7M
Free Cash FlowOCF − Capex
$-9.7M
$10.9M
FCF MarginFCF / Revenue
-56.8%
80.6%
Capex IntensityCapex / Revenue
14.1%
6.3%
Cash ConversionOCF / Net Profit
-8.06×
5.03×
TTM Free Cash FlowTrailing 4 quarters
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
RBKB
RBKB
Q4 25
$11.7M
Q3 25
$2.2M
Q2 25
$-7.3M
$2.4M
Q1 25
$4.3M
Q4 24
$8.5M
Q3 24
$-3.6M
Q2 24
$12.0M
Q1 24
$-3.5M
Free Cash Flow
ELVA
ELVA
RBKB
RBKB
Q4 25
$10.9M
Q3 25
$2.0M
Q2 25
$-9.7M
$2.2M
Q1 25
$4.2M
Q4 24
$7.7M
Q3 24
$-3.6M
Q2 24
$11.8M
Q1 24
$-3.7M
FCF Margin
ELVA
ELVA
RBKB
RBKB
Q4 25
80.6%
Q3 25
14.5%
Q2 25
-56.8%
17.2%
Q1 25
32.8%
Q4 24
1023.9%
Q3 24
-469.0%
Q2 24
111.1%
Q1 24
-36.0%
Capex Intensity
ELVA
ELVA
RBKB
RBKB
Q4 25
6.3%
Q3 25
1.4%
Q2 25
14.1%
1.4%
Q1 25
0.9%
Q4 24
105.5%
Q3 24
6.3%
Q2 24
1.2%
Q1 24
2.3%
Cash Conversion
ELVA
ELVA
RBKB
RBKB
Q4 25
5.03×
Q3 25
0.83×
Q2 25
-8.06×
0.89×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
12.27×
Q1 24
-3.12×

Financial Flow Comparison

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

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