Novonix (NVX) Retained Earnings (2020 - 2025)
Novonix (NVX) posted quarterly Retained Earnings of -$352.4 million for Q4 2025, down 35.71% year-on-year from -$548.1 million in Q4 2024, and down 25.94% on a QoQ basis from -$279.8 million in Q2 2025.
Novonix (NVX) Retained Earnings (2020 - 2025) Analysis & Trends
Novonix (NVX) has reported Retained Earnings for 6 consecutive years, with -$352.4 million the latest figure, recorded in Q4 2025.
- Quarterly Retained Earnings fell 35.71% year-over-year to -$352.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$352.4 million (down 35.71% YoY) and the FY2025 annual result came in at -$352.4 million, down 35.71% from the prior year.
- Retained Earnings fell to -$352.4 million in Q4 2025 per NVX's latest filing, from -$279.8 million in the prior quarter.
- Over the last five years, Retained Earnings for NVX reached as high as -$57.9 million in Q2 2021 and fell as low as -$352.4 million in Q4 2025.
- A 5-year average of -$183.4 million and a median of -$175.8 million in 2023 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2021 — Retained Earnings slipped 27.37% — and 2022, when it sank 87.19%.
- Year by year, Retained Earnings stood at -$78.2 million in 2021, then sank by 69.19% to -$132.4 million in 2022, then sank by 39.64% to -$184.8 million in 2023, then slumped by 40.48% to -$259.7 million in 2024, then slumped by 35.71% to -$352.4 million in 2025.
- According to Business Quant data, Retained Earnings over the past three periods registered -$352.4 million, -$279.8 million, and -$259.7 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 6.06 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 1.39 Bn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 4.84 Bn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | - |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | -28.00 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 1.18 Bn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 4.63 Bn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 710.53 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 2.74 Bn |
| 10 | Novonix | 286.30 Mn | 199.21 Mn | - | -352.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -352.40 Mn |
| Jun 30, 2025 | -279.81 Mn |
| Dec 31, 2024 | -259.67 Mn |
| Jun 30, 2024 | -213.56 Mn |
| Dec 31, 2023 | -184.85 Mn |
| Jun 30, 2023 | -166.70 Mn |
| Dec 31, 2022 | -132.37 Mn |
| Jun 30, 2022 | -108.32 Mn |
| Dec 31, 2021 | -78.24 Mn |
| Jun 30, 2021 | -57.86 Mn |
| Jun 30, 2020 | -45.43 Mn |