Novonix (NVNXF) Operating Expenses (2023 - 2024)
Novonix (NVNXF) posted quarterly Operating Expenses of -$13.8 million for Q4 2024, up 4.12% year-over-year from -$13.3 million in Q1 2024, and up 4.12% quarter-over-quarter from -$14.4 million in Q4 2023.
Novonix (NVNXF) Operating Expenses (2023 - 2024) Analysis & Trends
Novonix's Operating Expenses history runs 2 years deep, the most recent figure standing at -$13.8 million for Q4 2024.
- In Q4 2024, Operating Expenses rose 4.12% year-over-year to -$13.8 million; the TTM figure through Dec 2025 stood at -$13.8 million (up 51.05% YoY), while the FY2025 annual figure was -$22.1 million, up 10.65% from the prior year.
- Operating Expenses for Q4 2024 stood at -$13.8 million, up from -$14.4 million in the prior quarter.
- The five-year high for Operating Expenses was -$13.8 million in Q4 2024, with the low at -$14.4 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 173.34 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 264.40 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 257.30 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 62.43 Mn |
| 10 | Novonix | 17.04 Mn | -70.05 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -13.82 Mn |
| Dec 31, 2023 | -14.41 Mn |