Novonix (NVNXF) Net Income (2023 - 2024)
Novonix (NVNXF) posted quarterly Net Income of -$28.7 million for Q4 2024, down 2.18% year-over-year from -$29.4 million in Q1 2024, and down 2.18% quarter-over-quarter from -$28.1 million in Q4 2023.
Novonix (NVNXF) Net Income (2023 - 2024) Analysis & Trends
Novonix's Net Income history runs 2 years deep, the most recent figure standing at -$28.7 million for Q4 2024.
- In Q4 2024, Net Income fell 2.18% year-over-year to -$28.7 million; the TTM figure through Dec 2025 stood at -$28.7 million (up 49.46% YoY), while the FY2025 annual figure was -$92.7 million, down 223.86% from the prior year.
- Net Income for Q4 2024 stood at -$28.7 million, down from -$28.1 million in the prior quarter.
- The five-year high for Net Income was -$28.1 million in Q4 2023, with the low at -$28.7 million in Q4 2024.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 497.80 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 198.83 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 242.20 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 215.90 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 54.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 141.00 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 52.16 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -190.10 Mn |
| 10 | Novonix | 17.04 Mn | -70.05 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -28.71 Mn |
| Dec 31, 2023 | -28.10 Mn |