Novonix (NVNXF) Retained Earnings (2020 - 2025)
Novonix (NVNXF) reported Retained Earnings of -$352.4 million for Q4 2025, down 35.71% on a YoY basis from -$548.1 million in Q4 2024, and down 25.94% quarter-over-quarter from -$279.8 million in Q2 2025.
Novonix (NVNXF) Retained Earnings (2020 - 2025) Analysis & Trends
Novonix has reported Retained Earnings for 6 years, with the latest figure at -$352.4 million in Q4 2025.
- For the quarter ending Q4 2025, Retained Earnings fell 35.71% year-over-year to -$352.4 million; the trailing twelve-month figure through Dec 2025 stood at -$352.4 million (down 35.71% YoY), and the FY2025 full-year result was -$352.4 million, down 35.71% from the prior year.
- Retained Earnings for Q4 2025 stood at -$352.4 million, down from -$279.8 million in the prior quarter.
- The five-year high for Retained Earnings was $25.5 million in Q2 2021, with the low at -$352.4 million in Q4 2025.
- Historically, Retained Earnings has averaged -$175.4 million across 5 years, with a median of -$175.8 million in 2023.
- Annual changes were most pronounced in 2021 — Retained Earnings soared 156.16% — and 2022, when it sank 530.58%.
- Novonix's Retained Earnings stood at -$80.7 million in 2021, then plunged by 64.02% to -$132.4 million in 2022, then plunged by 39.64% to -$184.8 million in 2023, then sank by 40.48% to -$259.7 million in 2024, then sank by 35.71% to -$352.4 million in 2025.
- The last three Retained Earnings figures came in at -$352.4 million (Q4 2025), -$279.8 million (Q2 2025), and -$259.7 million (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | -352.40 Mn |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | -76.20 Mn |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | -3.92 Bn |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | -28.00 Mn |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 1.18 Bn |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | -28.13 Mn |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | -2.15 Bn |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 4.49 Bn |
| 10 | Novonix | - | - | - | -352.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -352.40 Mn |
| Jun 30, 2025 | -279.81 Mn |
| Dec 31, 2024 | -259.67 Mn |
| Jun 30, 2024 | -213.56 Mn |
| Dec 31, 2023 | -184.85 Mn |
| Jun 30, 2023 | -166.70 Mn |
| Dec 31, 2022 | -132.37 Mn |
| Jun 30, 2022 | -109.86 Mn |
| Dec 31, 2021 | -80.70 Mn |
| Jun 30, 2021 | 25.51 Mn |
| Jun 30, 2020 | -45.43 Mn |