NOVONIX Ltd
NVX Nasdaq· Miscellaneous Electrical Machinery, Equipment & Supplies
KIRA · Stoqly’s AI analyst, in plain words
- NOVONIX Ltd had $5.6M of revenue in fiscal 2025, down 4.1% on the year before. Over five years, revenue changed +7.6% a year on average.
- Its operating margin was 4,916.0%, up 2,339.8 pts: of every 100 in sales, about 4,916 is left after running the business.
- NOVONIX Ltd lost $92.7M in fiscal 2025.
- Free cash flow was −$102M in fiscal 2025, −1,822.5% of revenue.
- NOVONIX Ltd owes $14.0M more than it holds in cash, about 0.0 years of operating profit.
Market cap
—
P/E
—
Revenue
$5.6M
Net income
−$92.7M
Free cash flow
−$102M
Operating margin
4,916.0%
NOVONIX Ltd in 30 seconds · fiscal 2025
Are sales growing?
−4.1%
No. Sales fell 4.1% last year.
Does it make a profit?
−1,650.8%
No. It lost money last year.
Does profit turn into cash?
−1,822.5%
No. It spent more cash than it brought in.
Is debt under control?
0.0x
Yes. It could repay its debt with 0.0 years of operating profit.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
What NOVONIX Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Feb 26, 2026
- Legal name
- NOVONIX Ltd
- CIK
- 0001859795
NOVONIX Ltd · NVX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY20 | FY21 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.9M | $6.1M | — | $5.9M | $5.6M |
| Revenue growth | 36.6% | 56.7% | — | — | −4.1% |
| Operating margin | — | — | — | 2,576.2% | 4,916.0% |
| Net income | −$13.4M | −$51.9M | — | −$74.8M | −$92.7M |
| Net margin | −345.3% | −850.0% | — | −1,278.0% | −1,650.8% |
| Diluted EPS | −$0.16 | −$0.44 | — | −$0.60 | −$0.56 |
| Cash | |||||
| Cash from operations | −$6.1M | −$29.2M | — | −$40.4M | −$42.2M |
| Capital expenditure | $19.5M | $83.7M | — | $29.9M | $60.2M |
| Free cash flow | −$25.6M | −$113M | — | −$70.3M | −$102M |
| FCF margin | −656.9% | −1,850.7% | — | −1,200.8% | −1,822.5% |
| Share count change | 169.5% | 26.8% | — | — | 37.2% |
| Debt and strength | |||||
| Cash and short-term investments | $103M | $143M | $78.7M | $42.6M | $79.9M |
| Debt incl. finance leases | $4.7M | $37.0M | $64.6M | $64.4M | $93.8M |
| Shareholders' equity | $138M | $251M | $184M | $138M | $162M |
| Net debt / EBITDA | — | — | — | 0.1x | 0.0x |
| Current ratio | 26.9x | 20.6x | 2.4x | 1.2x | 1.1x |
| Returns and quality | |||||
| Return on capital | — | — | — | 74.7% | 124.2% |
| Return on equity | −14.7% | −26.6% | — | −46.5% | −62.0% |
| Return on tangible equity | −10.6% | −21.7% | — | −59.6% | −61.9% |
| Piotroski F-score | 3 | 1 | — | — | 2 |
| Altman Z'' | — | — | — | 2.7 | 4.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NOVONIX Ltd · NVX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001859795). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.