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Novanta (NOVT) Research & Development: 2009-2024

Historic Research & Development for Novanta (NOVT) over the last 16 years, with Dec 2024 value amounting to $95.5 million.

  • Novanta's Research & Development rose 3.60% to $24.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $97.9 million, marking a year-over-year increase of 4.50%. This contributed to the annual value of $95.5 million for FY2024, which is 4.18% up from last year.
  • According to the latest figures from FY2024, Novanta's Research & Development is $95.5 million, which was up 4.18% from $91.7 million recorded in FY2023.
  • Novanta's Research & Development's 5-year high stood at $95.5 million during FY2024, with a 5-year trough of $61.0 million in FY2020.
  • Its 3-year average for Research & Development is $91.0 million, with a median of $91.7 million in 2023.
  • Data for Novanta's Research & Development shows a peak YoY climbed of 18.90% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Novanta's Research & Development stood at $61.0 million in 2020, then rose by 18.90% to $72.5 million in 2021, then rose by 18.27% to $85.8 million in 2022, then rose by 6.89% to $91.7 million in 2023, then climbed by 4.18% to $95.5 million in 2024.