Novonix (NVX) Net Income (2022 - 2024)
Novonix (NVX) reported Net Income of -$28.7 million for Q4 2024, down 2.18% on a YoY basis from -$29.4 million in Q1 2024, and down 2.18% quarter-over-quarter from -$28.1 million in Q4 2023.
Novonix (NVX) Net Income (2022 - 2024) Analysis & Trends
Novonix has reported Net Income for 3 years, with the latest figure at -$28.7 million in Q4 2024.
- For the quarter ending Q4 2024, Net Income fell 2.18% year-over-year to -$28.7 million; the trailing twelve-month figure through Dec 2025 stood at -$28.7 million (up 49.46% YoY), and the FY2025 full-year result was -$60.9 million, down 25.06% 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 -$31.0 million in Q2 2022.
- Historically, Net Income has averaged -$29.3 million across 3 years, with a median of -$28.7 million in 2024.
- The largest YoY upside for Net Income was 2.18% in 2024 against a maximum downside of 2.18% in 2024.
- Novonix's Net Income stood at -$31.0 million in 2022, then increased by 9.5% to -$28.1 million in 2023, then declined by 2.18% to -$28.7 million in 2024.
- The last three Net Income figures came in at -$28.7 million (Q4 2024), -$28.1 million (Q4 2023), and -$31.0 million (Q2 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 73.70 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 2.00 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 183.00 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | -500,000.00 |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -17.53 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 45.89 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 96.80 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 77.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -28.71 Mn |
| Dec 31, 2023 | -28.10 Mn |
| Jun 30, 2022 | -31.05 Mn |