NASDAQ : NVX
NOVONIX Limited — Financial statements
Industrials · Electrical Equipment & Parts · Australia
Last price 2.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 61.10M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NOVONIX Limited (NVX) reported revenue of 5.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 5.62M | 5.62M | 5.85M | 8.05M | 5.40M | 6.10M |
| Revenue | 5.62M | 5.62M | 5.85M | 8.05M | 5.40M | 6.10M |
| Cost of Revenue | 2.50M | 2.50M | 1.77M | 2.82M | 2.64M | 1.72M |
| Gross Profit | 3.12M | 3.12M | 4.08M | 5.24M | 2.77M | 4.38M |
| Selling, General & Admin | 42.87M | 45.09M | 49.08M | 44.83M | 50.77M | 39.86M |
| Research & Development | 7.53M | 5.67M | 4.85M | 5.75M | 4.04M | 5.10M |
| Operating Expenses | 55.12M | 55.33M | 58.49M | 55.32M | 59.96M | 49.18M |
| Operating Income | -52.00M | -52.22M | -54.41M | -50.08M | -57.19M | -44.80M |
| Interest Expense | -13.37M | -11.89M | -3.54M | -2.85M | -1.83M | -1.47M |
| Interest & Investment Income | 1.09M | 1.09M | 1.37M | 1.61M | 38.83K | 8.31K |
| Currency Exchange Gain (Loss) | -499.29K | 1.83M | -1.18M | 1.36M | 2.72M | 5.20M |
| Other Non Operating Income (Expenses) | 8.73M | 8.77M | -1.66M | 3.51M | 539.49K | -2.68M |
| EBT Excluding Unusual Items | -56.05M | -52.41M | -59.42M | -46.45M | -55.73M | -43.75M |
| Gain (Loss) on Sale of Investments | -15.31M | -8.11M | ||||
| Asset Writedown | -7.35M | -7.35M | ||||
| Other Unusual Items | -35.42M | -32.94M | ||||
| Pretax Income | -98.82M | -92.70M | -74.72M | -46.45M | -55.73M | -51.86M |
| Income Tax Expense | 25.54K | 25.54K | 97.69K | -199.95K | ||
| Net Income | -97.22M | -92.73M | -74.82M | -46.25M | -55.73M | -51.86M |
| Net Income to Common | -97.22M | -92.73M | -74.82M | -46.25M | -55.73M | -51.86M |
| Shares Outstanding (Basic) | 800.40M | 681.68M | 496.86M | 487.47M | 486.62M | 464.44M |
| Shares Outstanding (Diluted) | 800.40M | 681.68M | 496.86M | 487.47M | 486.62M | 464.44M |
| EPS (Basic) | -0.12 | -0.14 | -0.15 | -0.09 | -0.11 | -0.11 |
| EPS (Diluted) | -0.13 | -0.14 | -0.15 | -0.09 | -0.12 | -0.11 |
| Free Cash Flow | -78.15M | -102.38M | -70.32M | -55.42M | -86.76M | -112.99M |
| Free Cash Flow Per Share | -0.10 | -0.15 | -0.14 | -0.11 | -0.18 | -0.24 |
| Gross Margin | 55.49% | 55.49% | 69.76% | 65.02% | 51.16% | 71.73% |
| Operating Margin | -925.82% | -929.63% | -929.39% | -621.75% | -1,058.22% | -734.29% |
| Profit Margin | -1,730.85% | -1,650.76% | -1,278.04% | -574.19% | -1,031.13% | -850.01% |
| Free Cash Flow Margin | -1,391.24% | -1,822.69% | -1,201.22% | -688.11% | -1,605.40% | -1,851.97% |
| EBITDA | -47.46M | -48.32M | -50.46M | -45.77M | -52.48M | -41.02M |
| D&A For EBITDA | 4.55M | 3.90M | 3.95M | 4.31M | 4.71M | 3.78M |
| EBIT | -52.00M | -52.22M | -54.41M | -50.08M | -57.19M | -44.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 59.53M | 79.87M | 42.56M | 78.71M | 99.04M | 142.74M |
| Cash & Short-Term Investments | 59.53M | 79.87M | 42.56M | 78.71M | 99.04M | 142.74M |
| Accounts Receivable | 7.56M | 1.36M | 1.37M | 3.03M | 2.33M | 2.08M |
| Other Receivables | 758.97K | 6.78M | 529.44K | 519.87K | 371.13K | |
| Receivables | 7.56M | 2.12M | 8.16M | 3.56M | 2.85M | 2.45M |
| Inventory | 1.42K | 2.18M | 1.78M | 2.75M | 3.17M | 2.99M |
| Prepaid Expenses | 2.52M | 710.78K | 1.31M | 1.11M | 1.96M | 3.95M |
| Other Current Assets | 4.13M | 4.28M | 3.50M | 3.01M | 9.14M | 10.09M |
| Total Current Assets | 73.75M | 89.16M | 57.30M | 89.15M | 116.15M | 162.22M |
| Property, Plant & Equipment | 177.93M | 180.54M | 155.67M | 144.28M | 132.44M | 111.56M |
| Long-Term Investments | 16.67M | 16.49M | 16.67M | |||
| Goodwill | 11.98M | 11.98M | 11.98M | 11.98M | 11.98M | 11.98M |
| Other Intangible Assets | 15.29K | 198.69K | 389.75K | |||
| Other Long-Term Assets | 1.34M | 1.24M | 1.16M | 1.25M | 168.57K | 168.71K |
| Total Assets | 264.99M | 282.92M | 226.10M | 263.34M | 277.42M | 302.98M |
| Accounts Payable | 13.35M | 4.28M | 998.26K | 1.34M | 4.11M | 2.65M |
| Accrued Expenses | 246.67K | 354.06K | 314.89K | 127.73K | ||
| Current Portion of Long-Term Debt | 59.34M | 62.07M | 31.67M | 29.90M | 1.09M | 1.02M |
| Current Portion of Leases | 607.10K | 577.80K | 522.30K | 345.93K | 353.38K | 337.64K |
| Current Income Taxes Payable | 83.23K | 218.83K | 31.97K | 107.46K | ||
| Current Unearned Revenue | 146.47K | 126.06K | 285.22K | 71.98K | 2.71K | |
| Other Current Liabilities | 2.90M | 16.02M | 12.54M | 4.97M | 2.72M | 3.88M |
| Total Current Liabilities | 76.28M | 83.56M | 46.24M | 37.26M | 8.47M | 7.89M |
| Long-Term Debt | 25.78M | 31.78M | 32.78M | 34.67M | 35.08M | 35.95M |
| Long-Term Leases | 5.60M | 5.91M | 6.49M | 4.48M | 4.83M | 5.01M |
| Long-Term Unearned Revenue | 3.00M | 3.00M | 3.00M | 3.00M | ||
| Total Liabilities | 107.65M | 121.25M | 88.51M | 79.41M | 51.37M | 51.85M |
| Common Stock | 505.80M | 485.48M | 367.54M | 338.43M | 338.11M | 338.01M |
| Retained Earnings | -377.03M | -352.40M | -259.67M | -184.85M | -138.60M | -110.74M |
| Comprehensive Income & Other | 28.56M | 28.59M | 29.72M | 30.36M | 26.55M | 23.86M |
| Shareholders' Equity | 157.34M | 161.67M | 137.59M | 183.94M | 226.06M | 251.13M |
| Total Liabilities & Equity | 264.99M | 282.92M | 226.10M | 263.34M | 277.42M | 302.98M |
| Total Debt | 91.32M | 100.34M | 71.45M | 69.39M | 41.34M | 42.31M |
| Net Cash (Debt) | -31.78M | -20.47M | -28.90M | 9.33M | 57.70M | 100.43M |
| Net Cash Per Share | -0.04 | -0.03 | -0.06 | 0.02 | 0.12 | 0.22 |
| Filing Date Shares Outstanding | 991.56M | 840.07M | 567.94M | 488.73M | 486.77M | 485.95M |
| Total Common Shares Outstanding | 991.56M | 840.07M | 567.94M | 488.73M | 486.77M | 485.95M |
| Working Capital | -2.53M | 5.60M | 11.06M | 51.89M | 107.68M | 154.33M |
| Book Value Per Share | 0.16 | 0.19 | 0.24 | 0.38 | 0.46 | 0.52 |
| Tangible Book Value | 145.36M | 149.70M | 125.62M | 171.95M | 213.88M | 238.77M |
| Tangible Book Value Per Share | 0.15 | 0.18 | 0.22 | 0.35 | 0.44 | 0.49 |
| Land | 1.59M | 2.31M | 2.31M | 2.35M | ||
| Buildings | 40.99M | 47.71M | 47.60M | 46.00M | ||
| Machinery | 21.26M | 27.74M | 24.82M | 20.36M | ||
| Construction In Progress | 123.44M | 122.17M | 56.72M | 34.76M | ||
| Leasehold Improvements | 2.01M | 1.43M | 1.15M | 738.13K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -97.22M | -92.73M | -74.82M | -46.25M | -55.73M | -51.86M |
| Depreciation & Amortization | 5.21M | 4.57M | 4.57M | 4.74M | 5.14M | 4.21M |
| Loss (Gain) From Sale of Assets | 878.04K | 878.04K | 66.97K | |||
| Asset Writedown & Restructuring Costs | 7.35M | 7.35M | 103.30K | 193.19K | ||
| Loss (Gain) From Sale of Investments | 15.31M | 7.94M | ||||
| Stock-Based Compensation | -1.13M | -1.13M | 5.52M | 5.62M | 10.71M | 14.68M |
| Other Operating Activities | 38.91M | 35.85M | 5.85M | -666.81K | -2.65M | -5.32M |
| Change in Accounts Receivable | 222.26K | 222.26K | 1.60M | -567.85K | -756.15K | -991.50K |
| Change in Inventory | -673.30K | -673.30K | 455.64K | 1.20M | -2.77M | 166.18K |
| Change in Accounts Payable | -786.46K | -786.46K | 1.42M | -1.37M | 2.68M | -90.69K |
| Change in Income Taxes | 186.45K | 186.45K | 107.46K | |||
| Change in Other Net Operating Assets | 3.95M | 3.95M | -501.10K | 1.15M | 5.37M | 2.03M |
| Operating Cash Flow | -43.00M | -42.20M | -40.42M | -36.23M | -37.73M | -29.23M |
| Capital Expenditures | -35.15M | -60.18M | -29.91M | -19.20M | -49.03M | -83.76M |
| Sale (Purchase) of Intangibles | -27.69K | |||||
| Investment in Securities | -12.77M | |||||
| Other Investing Activities | 13.10M | 27.32M | 11.73M | 7.46M | 1.91M | -10.24M |
| Investing Cash Flow | -22.05M | -32.86M | -18.17M | -11.74M | -47.13M | -106.80M |
| Long-Term Debt Issued | 95.00M | 30.75M | 33.24M | |||
| Total Debt Issued | 95.00M | 95.00M | 30.75M | 33.24M | ||
| Long-Term Debt Repaid | -1.80M | -1.73M | -1.43M | -881.85K | ||
| Lease Payments | -549.76K | -522.30K | -296.87K | -353.38K | -333.48K | -308.40K |
| Total Debt Repaid | -1.73M | -1.80M | -1.73M | -1.43M | -1.30M | -881.85K |
| Net Debt Issued (Repaid) | 93.27M | 93.20M | -1.73M | 29.33M | -1.30M | 32.36M |
| Issuance of Common Stock | 14.52M | 25.11M | 28.82M | 338.33K | 24.12K | 150.97M |
| Other Financing Activities | -9.34M | -8.40M | -1.88M | -354.91K | -279.06K | -2.64M |
| Financing Cash Flow | 98.44M | 109.90M | 25.21M | 29.31M | -1.56M | 180.69M |
| Foreign Exchange Rate Adjustments | 1.32M | 2.47M | -2.78M | -1.67M | -981.78K | -4.52M |
| Net Cash Flow | 34.71M | 37.31M | -36.16M | -20.33M | -87.40M | 40.14M |
| Free Cash Flow | -78.15M | -102.38M | -70.32M | -55.42M | -86.76M | -112.99M |
| Free Cash Flow Margin | -1,391.24% | -1,822.69% | -1,201.22% | -688.11% | -1,605.40% | -1,851.97% |
| Free Cash Flow Per Share | -0.10 | -0.15 | -0.14 | -0.11 | -0.18 | -0.24 |
| Levered Free Cash Flow | -65.81M | -84.52M | -53.30M | -35.25M | -104.64M | |
| Unlevered Free Cash Flow | -57.45M | -77.09M | -51.09M | -33.47M | -103.72M | |
| Free Cash Flow After Leases | -78.70M | -102.91M | -70.62M | -55.78M | -87.10M | -113.30M |
| Cash Interest Paid | 1.69M | 1.83M | 1.77M | 1.87M | 1.80M | 1.47M |
| Change in Working Capital | 3.01M | 3.01M | 3.05M | 326.28K | 4.52M | 1.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 56.72M | 235.35M | 258.33M | 244.87M | 486.34M | 763.38M |
| Enterprise Value | 88.95M | 283.15M | 281.15M | 214.28M | 387.32M | 624.01M |
| Last Close Price | 2.15 | 10.10 | 18.00 | 19.40 | 41.00 | 66.00 |
| PS Ratio | 10.10 | 41.90 | 44.13 | 30.40 | 89.99 | 125.12 |
| PB Ratio | 0.36 | 1.46 | 1.88 | 1.33 | 2.15 | 3.04 |
| P/TBV Ratio | 0.39 | 1.57 | 2.06 | 1.42 | 2.27 | 3.20 |
| EV/Sales Ratio | 15.84 | 50.41 | 48.02 | 26.60 | 71.67 | 102.28 |
| Debt / Equity Ratio | 0.58 | 0.62 | 0.52 | 0.38 | 0.18 | 0.17 |
| Net Debt / Equity Ratio | 0.20 | 0.13 | 0.21 | -0.05 | -0.26 | -0.40 |
| Net Debt / EBITDA Ratio | -0.67 | -0.42 | -0.57 | 0.20 | 1.10 | 2.45 |
| Net Debt / FCF Ratio | -0.41 | -0.20 | -0.41 | 0.17 | 0.67 | 0.89 |
| Asset Turnover | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | |
| Inventory Turnover | 2.84 | 1.26 | 0.78 | 0.95 | 0.68 | |
| Quick Ratio | 0.88 | 0.98 | 1.10 | 2.21 | 12.04 | 18.40 |
| Current Ratio | 0.97 | 1.07 | 1.24 | 2.39 | 13.72 | 20.56 |
| Return on Equity (ROE) | -65.64% | -61.97% | -46.54% | -22.56% | -26.62% | |
| Return on Assets (ROA) | -12.90% | -12.82% | -13.90% | -11.58% | -12.30% | |
| Return on Capital Employed (ROCE) | -27.60% | -26.20% | -30.30% | -22.20% | -21.30% | -15.20% |
| Earnings Yield | -237.39% | -39.40% | -28.96% | -18.89% | -11.46% | -6.79% |
| FCF Yield | -137.79% | -43.50% | -27.22% | -22.63% | -17.84% | -14.80% |
| Buyback Yield / Dilution | -41.30% | -37.20% | -1.93% | -0.18% | -4.78% | -26.80% |