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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

Electrovaya Inc. is the larger business by last-quarter revenue ($17.1M vs $10.6M, roughly 1.6× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs 5.3%, a 716.4% gap on every dollar of revenue.

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.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

ELVA vs RENT — Head-to-Head

Bigger by revenue
ELVA
ELVA
1.6× larger
ELVA
$17.1M
$10.6M
RENT
Higher net margin
RENT
RENT
716.4% more per $
RENT
721.7%
5.3%
ELVA

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ELVA
ELVA
RENT
RENT
Revenue
$17.1M
$10.6M
Net Profit
$907.0K
$76.5M
Gross Margin
30.8%
-126.4%
Operating Margin
-152.8%
Net Margin
5.3%
721.7%
Revenue YoY
10.4%
Net Profit YoY
504.8%
EPS (diluted)
$0.02
$13.65

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
RENT
RENT
Q4 25
$10.6M
Q3 25
$11.7M
Q2 25
$17.1M
$7.6M
Q1 25
$11.8M
Q4 24
$9.6M
Q3 24
$10.4M
Q2 24
$8.9M
Q1 24
$10.4M
Net Profit
ELVA
ELVA
RENT
RENT
Q4 25
$76.5M
Q3 25
$-26.4M
Q2 25
$907.0K
$-26.1M
Q1 25
$-13.4M
Q4 24
$-18.9M
Q3 24
$-15.6M
Q2 24
$-22.0M
Q1 24
$-24.8M
Gross Margin
ELVA
ELVA
RENT
RENT
Q4 25
-126.4%
Q3 25
-92.3%
Q2 25
30.8%
-168.4%
Q1 25
-71.2%
Q4 24
-122.9%
Q3 24
-98.1%
Q2 24
-131.5%
Q1 24
-93.3%
Operating Margin
ELVA
ELVA
RENT
RENT
Q4 25
-152.8%
Q3 25
-171.8%
Q2 25
-259.2%
Q1 25
-65.3%
Q4 24
-142.7%
Q3 24
-92.3%
Q2 24
-185.4%
Q1 24
-185.6%
Net Margin
ELVA
ELVA
RENT
RENT
Q4 25
721.7%
Q3 25
-225.6%
Q2 25
5.3%
-343.4%
Q1 25
-113.6%
Q4 24
-196.9%
Q3 24
-150.0%
Q2 24
-247.2%
Q1 24
-238.5%
EPS (diluted)
ELVA
ELVA
RENT
RENT
Q4 25
$13.65
Q3 25
$-6.55
Q2 25
$0.02
$-6.58
Q1 25
$-2.72
Q4 24
$-4.70
Q3 24
$-4.17
Q2 24
$-6.03
Q1 24
$-5.36

Balance Sheet & Financial Strength

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

Metric
ELVA
ELVA
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$1.3M
$50.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.3M
$-35.1M
Total Assets
$53.9M
$231.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
RENT
RENT
Q4 25
$50.7M
Q3 25
$43.6M
Q2 25
$1.3M
$70.4M
Q1 25
$77.4M
Q4 24
$74.1M
Q3 24
$76.6M
Q2 24
$82.0M
Q1 24
$84.0M
Total Debt
ELVA
ELVA
RENT
RENT
Q4 25
Q3 25
Q2 25
$340.6M
Q1 25
$333.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ELVA
ELVA
RENT
RENT
Q4 25
$-35.1M
Q3 25
$-232.1M
Q2 25
$22.3M
$-207.1M
Q1 25
$-182.5M
Q4 24
$-171.2M
Q3 24
$-154.5M
Q2 24
$-141.3M
Q1 24
$-122.3M
Total Assets
ELVA
ELVA
RENT
RENT
Q4 25
$231.0M
Q3 25
$219.0M
Q2 25
$53.9M
$245.3M
Q1 25
$240.0M
Q4 24
$251.6M
Q3 24
$257.4M
Q2 24
$278.4M
Q1 24
$278.5M

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
RENT
RENT
Operating Cash FlowLast quarter
$-7.3M
$-1.4M
Free Cash FlowOCF − Capex
$-9.7M
FCF MarginFCF / Revenue
-56.8%
Capex IntensityCapex / Revenue
14.1%
Cash ConversionOCF / Net Profit
-8.06×
-0.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
RENT
RENT
Q4 25
$-1.4M
Q3 25
$-10.5M
Q2 25
$-7.3M
$8.3M
Q1 25
$1.4M
Q4 24
$4.7M
Q3 24
$2.2M
Q2 24
$4.6M
Q1 24
$-8.0M
Free Cash Flow
ELVA
ELVA
RENT
RENT
Q4 25
Q3 25
Q2 25
$-9.7M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ELVA
ELVA
RENT
RENT
Q4 25
Q3 25
Q2 25
-56.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ELVA
ELVA
RENT
RENT
Q4 25
Q3 25
Q2 25
14.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ELVA
ELVA
RENT
RENT
Q4 25
-0.02×
Q3 25
Q2 25
-8.06×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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