Novonix (NVX) Operating Leases (2020 - 2025)

Novonix posted quarterly Operating Leases of $5.9 million for Q4 2025, down 8.91% year-on-year from $6.5 million in Q4 2024, and down 8.91% on a QoQ basis from $6.5 million in Q4 2024.

Novonix (NVX) has 6 years of Operating Leases data on file, last reported at $5.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Leases fell 8.91% year-over-year to $5.9 million; the trailing twelve-month figure through Dec 2025 stood at $5.9 million (down 8.91% YoY), and the FY2025 full-year result was $5.9 million, down 8.91% from the prior year.
  • Operating Leases for Q4 2025 stood at $5.9 million, down from $6.5 million in the prior quarter.
  • Across five years, Operating Leases topped out at $6.5 million in Q4 2024 and bottomed at $4.5 million in Q4 2023.
  • The 5-year median for Operating Leases is $5.3 million (2021), against an average of $5.4 million.
  • The widest annual swing landed in 2021, when Operating Leases jumped 186.88%; it then retreated 8.91% in 2025.
  • A 5-year view of Operating Leases shows it stood at $5.5 million in 2021, then fell by 11.99% to $4.8 million in 2022, then fell by 7.17% to $4.5 million in 2023, then soared by 44.84% to $6.5 million in 2024, then declined by 8.91% to $5.9 million in 2025.
  • The last three Operating Leases figures came in at $5.9 million (Q4 2025), $6.5 million (Q4 2024), and $4.5 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn
10 Novonix 335.32 Mn 255.45 Mn -

Historic Data

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DateValue
Dec 31, 2025 5.91 Mn
Dec 31, 2024 6.49 Mn
Dec 31, 2023 4.48 Mn
Dec 31, 2022 4.83 Mn
Jun 30, 2022 5.20 Mn
Jun 30, 2021 5.48 Mn
Jun 30, 2020 1.91 Mn