Novonix (NVX) Profit After Tax (2022 - 2024)

Novonix (NVX) posted quarterly Profit After Tax of -$53.3 million for Q4 2024, down 13.05% year-on-year from -$61.3 million in Q1 2024, and down 13.05% on a QoQ basis from -$47.1 million in Q4 2023.

Novonix (NVX) Profit After Tax (2022 - 2024) Analysis & Trends

Novonix (NVX) has reported Profit After Tax for 3 consecutive years, with -$53.3 million the latest figure, recorded in Q4 2024.

  • Quarterly Profit After Tax fell 13.05% year-over-year to -$53.3 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was -$53.3 million (down 13.05% YoY) and the FY2025 annual result came in at -$56.1 million, up 25.03% from the prior year.
  • Profit After Tax retreated to -$53.3 million in Q4 2024 per NVX's latest filing, from -$47.1 million in the prior quarter.
  • Over the last five years, Profit After Tax for NVX reached as high as -$27.2 million in Q4 2022 and fell as low as -$53.3 million in Q4 2024.
  • A 3-year average of -$39.7 million and a median of -$39.1 million in 2022 frame the typical range for Profit After Tax.
  • Annual changes were most pronounced in 2023 — Profit After Tax slumped 73.31% — and 2024, when it declined 13.05%.
  • Year by year, Profit After Tax stood at -$27.2 million in 2022, then sank by 73.31% to -$47.1 million in 2023, then dropped by 13.05% to -$53.3 million in 2024.
  • According to Business Quant data, Profit After Tax over the past three periods registered -$53.3 million, -$47.1 million, and -$27.2 million for Q4 2024, Q4 2023, and Q4 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 1.02 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 390.10 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 73.69 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 181.80 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 145.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 67.30 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 130.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 45.89 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 77.30 Mn
10 Novonix 286.30 Mn 199.21 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2024 -53.28 Mn
Dec 31, 2023 -47.14 Mn
Dec 31, 2022 -27.20 Mn
Jun 30, 2022 -31.05 Mn