Novonix (NVX) Construction in Progress (2021 - 2025)

Novonix (NVX) posted quarterly Construction in Progress of $105.0 million for Q2 2025, up 22.17% on a QoQ basis from $86.0 million in Q4 2024.

Novonix (NVX) Construction in Progress (2021 - 2025) Analysis & Trends

Novonix (NVX) has reported Construction in Progress for 5 consecutive years, with $105.0 million the latest figure, recorded in Q2 2025.

  • Quarterly Construction in Progress changed N/A year-over-year to $105.0 million in Q2 2025, while the trailing twelve-month figure through Jun 2025 was $105.0 million (changed N/A YoY) and the FY2024 annual result came in at $86.0 million, changed N/A from the prior year.
  • Construction in Progress improved to $105.0 million in Q2 2025 per NVX's latest filing, from $86.0 million in the prior quarter.
  • Over the last five years, Construction in Progress for NVX reached as high as $105.0 million in Q2 2025 and fell as low as $12.5 million in Q2 2021.
  • A 5-year average of $59.4 million and a median of $62.2 million in 2022 frame the typical range for Construction in Progress.
  • The largest YoY upside for Construction in Progress was 99.41% in 2022 against a maximum downside of 99.41% in 2022.
  • Year by year, Construction in Progress stood at $28.4 million in 2021, then jumped by 99.41% to $56.7 million in 2022, then increased by 19.29% to $67.7 million in 2023, then climbed by 27.05% to $86.0 million in 2024, then grew by 22.17% to $105.0 million in 2025.
  • According to Business Quant data, Construction in Progress over the past three periods registered $105.0 million, $86.0 million, and $67.7 million for Q2 2025, Q4 2024, and Q2 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Electrovaya 411.34 Bn 411.31 Bn 6.04 Mn -
2 Vertiv Holdings 109.19 Bn 106.69 Bn 999.70 Mn -
3 Bloom Energy 52.58 Bn 50.09 Bn 225.54 Mn -
4 Hubbell 26.29 Bn 25.77 Bn 505.30 Mn -
5 nVent Electric 24.04 Bn 23.85 Bn 445.60 Mn 66.20 Mn
6 Advanced Energy Industries 10.95 Bn 10.25 Bn 200.90 Mn -
7 Acuity Inc. (De) 10.13 Bn 9.72 Bn 606.40 Mn -
8 Powell Industries 7.97 Bn 7.42 Bn 87.94 Mn -
9 EnerSys 7.10 Bn 6.66 Bn 290.87 Mn -
10 Novonix 275.53 Mn 195.67 Mn - -

Historic Data

Download Data
DateValue
Jun 30, 2025 105.02 Mn
Dec 31, 2024 85.96 Mn
Jun 30, 2023 67.66 Mn
Dec 31, 2022 56.72 Mn
Dec 31, 2021 28.44 Mn
Jun 30, 2021 12.54 Mn