Novonix (NVNXF) Operating Expenses (2022 - 2024)
Novonix (NVNXF) reported Operating Expenses of -$11.5 million for Q4 2024, up 4.42% on a YoY basis from -$11.1 million in Q1 2024, and up 4.42% quarter-over-quarter from -$12.1 million in Q4 2023.
Novonix (NVNXF) Operating Expenses (2022 - 2024) Analysis & Trends
Novonix has reported Operating Expenses for 3 years, with the latest figure at -$11.5 million in Q4 2024.
- For the quarter ending Q4 2024, Operating Expenses rose 4.42% year-over-year to -$11.5 million; the trailing twelve-month figure through Dec 2025 stood at -$11.5 million (up 51.13% YoY), and the FY2025 full-year result was -$18.3 million, down 13.41% from the prior year.
- Operating Expenses for Q4 2024 stood at -$11.5 million, up from -$12.1 million in the prior quarter.
- The five-year high for Operating Expenses was -$11.5 million in Q4 2024, with the low at -$12.1 million in Q4 2023.
- Historically, Operating Expenses has averaged -$11.9 million across 3 years, with a median of -$12.0 million in 2022.
- The largest YoY upside for Operating Expenses was 4.42% in 2024 against a maximum downside of 4.42% in 2024.
- Novonix's Operating Expenses stood at -$12.0 million in 2022, then declined by 0.8% to -$12.1 million in 2023, then gained by 4.42% to -$11.5 million in 2024.
- The last three Operating Expenses figures came in at -$11.5 million (Q4 2024), -$12.1 million (Q4 2023), and -$12.0 million (Q2 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 16.90 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 30.13 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Novonix | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -11.55 Mn |
| Dec 31, 2023 | -12.08 Mn |
| Jun 30, 2022 | -11.99 Mn |