Novonix (NVX) Operating Expenses (2023 - 2024)
Novonix (NVX) posted quarterly Operating Expenses of -$13.8 million for Q4 2024, up 4.12% year-on-year from -$13.3 million in Q1 2024, and up 4.12% on a QoQ basis from -$14.4 million in Q4 2023.
Novonix (NVX) Operating Expenses (2023 - 2024) Analysis & Trends
Novonix (NVX) has reported Operating Expenses for 2 consecutive years, with -$13.8 million the latest figure, recorded in Q4 2024.
- Quarterly Operating Expenses rose 4.12% year-over-year to -$13.8 million in Q4 2024, while the trailing twelve-month figure through Dec 2025 was -$13.8 million (up 51.05% YoY) and the FY2025 annual result came in at -$22.1 million, up 10.65% from the prior year.
- Operating Expenses improved to -$13.8 million in Q4 2024 per NVX's latest filing, from -$14.4 million in the prior quarter.
- Over the last five years, Operating Expenses for NVX reached as high as -$13.8 million in Q4 2024 and fell as low as -$14.4 million in Q4 2023.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 2.76 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 153.35 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 241.50 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 249.90 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 413.10 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 30.13 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 589.73 Mn |
| 10 | Novonix | 286.30 Mn | 199.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -13.82 Mn |
| Dec 31, 2023 | -14.41 Mn |