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Financials · NVX

NOVONIX Limited (NVX) financials

For fiscal 2025 (ended Dec 31, 2025), NOVONIX Limited reported $5.62M of revenue and -$92.73M of net income.

Revenue, FY2025
$5.62M
Revenue growth, YoY
-4.1%
Net income, FY2025
-$92.73M
Net margin
-1650.8%
Free cash flow, FY2025
-$102.37M
EPS, diluted, FY2025
-$0.14
Cash
$79.87M
Total debt
$31.78M
P/S
8.35
Market cap
$46.9M
Annual revenue$5.62M
FY2020FY2025
Annual net income-$92.73M
FY2020FY2025
Annual free cash flow-$102.37M
FY2020FY2025

NVX revenue and earnings growth

NVX revenueFY2025$5.62M

FY YoY
-4.1%

NVX revenue was $5.62M for fiscal 2025 (ended Dec 31, 2025), down 4.1% from fiscal 2024.

NVX net incomeFY2025-$92.73M

NVX net income was -$92.73M for fiscal 2025 (ended Dec 31, 2025), compared with -$74.82M in fiscal 2024.

NVX EPSFY2025-$0.14

NVX diluted EPS was -$0.14 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.15 in fiscal 2024.

NVX free cash flowFY2025-$102.37M

NVX free cash flow was -$102.37M for fiscal 2025 (ended Dec 31, 2025), compared with -$70.30M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Revenue$5.62M$5.85M$8.05M$6.10M$3.89M$2.85M
Research and development$5.67M$4.85M$5.75M$5.10M$2.09M$1.62M
Operating income$276.14M$150.82M----
Pre-tax income-$92.70M-$74.72M-$46.45M-$51.86M-$13.45M-$13.43M
Income tax$25.5K$97.7K-$199.9K$0$0$0
Net income-$92.73M-$74.82M-$46.25M-$51.86M-$13.45M-$13.43M
EPS, basic-$0.14-$0.15-$0.09-$0.11-$0.04-$0.10
EPS, diluted-$0.14-$0.15-$0.09-$0.11-$0.04-$0.10
Diluted shares681.7M496.9M487.5M464.4M366.3M135.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Cash and equivalents$79.87M$42.56M$78.71M$142.74M$102.60M$26.69M
Receivables$2.12M$8.16M$3.56M$2.45M$1.63M$739.6K
Inventory$2.18M$1.38M$2.00M$1.87M$2.09M$940.2K
Current assets$89.16M$57.30M$89.15M$162.22M$108.23M$28.47M
Goodwill$11.98M$11.98M$11.98M$11.98M$11.98M$11.98M
Total assets$282.92M$226.10M$263.34M$302.98M$152.31M$51.76M
Current liabilities$83.56M$46.24M$37.26M$7.89M$4.02M$3.99M
Long-term debt$31.78M$32.78M$34.67M$35.95M$4.49M$1.33M
Total debt$31.78M$32.78M$34.67M$35.95M$4.49M$1.33M
Total liabilities$121.25M$88.51M$79.41M$51.85M$13.86M$7.23M
Shareholders' equity$161.67M$137.59M$183.94M$251.13M$138.45M$44.53M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Operating cash flow-$42.20M-$40.42M-$36.23M-$29.23M-$6.09M-$3.75M
Capital expenditures$60.17M$29.88M$19.18M$83.69M$19.49M$3.58M
Free cash flow-$102.37M-$70.30M-$55.41M-$112.92M-$25.58M-$7.33M
Investing cash flow-$32.86M-$18.17M-$11.74M-$106.80M-$19.68M-$3.69M
Financing cash flow$109.90M$25.21M$29.31M$180.69M$103.77M$30.48M
Stock-based compensation-$1.13M$5.52M$5.62M$14.68M$4.47M$5.07M
Depreciation and amortization$4.57M$4.57M$4.74M$4.21M$1.26M$1.18M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Jun 30, 2022
FY2021
Jun 30, 2021
FY2020
Jun 30, 2020
Revenue growth, YoY-4.1%-27.3%32.0%56.7%36.6%-
Operating margin4916.0%2576.2%----
Net margin-1650.8%-1278.0%-574.2%-850.0%-345.3%-471.1%
Free cash flow margin-1822.5%-1200.8%-687.9%-1850.8%-656.9%-257.0%
Return on equity-57.4%-54.4%-25.1%-20.7%-9.7%-30.2%
Return on assets-32.8%-33.1%-17.6%-17.1%-8.8%-25.9%
Current ratio1.071.242.3920.5626.927.14
Debt to equity0.200.240.190.140.030.03

Source: XBRL data NOVONIX Limited files with the SEC, latest filing dated Feb 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

NVX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NVX$5.62M-4.1%-$92.73M-1650.8%$46.9M
ASML€32.67B+15.6%€9.61B29.4%$583.23B
LRCX$26.13B+33.4%$8.45B32.3%$276.45B
TMO$47.35B+8.3%$7.07B14.9%$267.38B
DE$47.98B+8.0%$4.87B10.2%$186.39B
DHR$25.61B+5.5%$4.33B16.9%$165.41B
ETN$31.98B+20.1%$3.90B12.2%$139.59B
JCI$24.43B+5.1%$3.53B14.5%$85.71B
ITW$16.65B+4.8%$3.23B19.4%$81.49B

NVX FAQ

8 questions
  • What is NVX revenue?
    NOVONIX Limited (NVX) reported $5.62M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 4.1% from the year before.
  • Is NVX profitable?
    No. NOVONIX Limited reported a net loss of $92.73M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does NVX have?
    NOVONIX Limited reported $79.87M in cash and cash equivalents and $31.78M of debt on its most recent balance sheet in SEC filings.
  • How fast is NVX revenue growing?
    NOVONIX Limited's revenue changed -4.1% in fiscal 2025, to $5.62M.
  • What is NVX free cash flow?
    NOVONIX Limited generated -$102.37M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$42.20M less capital expenditures.
  • What is NVX earnings per share?
    Diluted earnings per share were -$0.14 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did NVX last report financial results?
    The latest statements here come from NOVONIX Limited's 20-F filed on Feb 26, 2026, covering the period ended Dec 31, 2025.
  • Where does this NVX financial data come from?
    Quantisnow builds these statements from the structured XBRL data NOVONIX Limited files with the SEC. It is provided for information only and is not investment advice.