Novonix (NVX) Retained Earnings (2020 - 2025)

Novonix posted quarterly Retained Earnings of -$352.4 million for Q4 2025, down 1285.59% year-on-year from $29.7 million in Q4 2024, and down 1285.59% on a QoQ basis from $29.7 million in Q4 2024.

Novonix (NVX) has 6 years of Retained Earnings data on file, last reported at -$352.4 million in Q4 2025.

  • For the quarter ending Q4 2025, Retained Earnings fell 1285.59% year-over-year to -$352.4 million; the trailing twelve-month figure through Dec 2025 stood at -$352.4 million (down 1285.59% YoY), and the FY2025 full-year result was -$352.4 million, down 1285.59% from the prior year.
  • Retained Earnings for Q4 2025 stood at -$352.4 million, down from $29.7 million in the prior quarter.
  • Across five years, Retained Earnings topped out at $29.7 million in Q4 2024 and bottomed at -$352.4 million in Q4 2025.
  • The 5-year median for Retained Earnings is -$42.2 million (2021), against an average of -$94.2 million.
  • The widest annual swing landed in 2021, when Retained Earnings soared 156.16%; it then slumped 1285.59% in 2025.
  • A 5-year view of Retained Earnings shows it stood at $25.5 million in 2021, then climbed by 4.05% to $26.5 million in 2022, then plunged by 796.29% to -$184.8 million in 2023, then surged by 116.08% to $29.7 million in 2024, then plunged by 1285.59% to -$352.4 million in 2025.
  • The last three Retained Earnings figures came in at -$352.4 million (Q4 2025), $29.7 million (Q4 2024), and -$184.8 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn -76.20 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn -3.92 Bn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn -28.00 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 1.18 Bn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn -28.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 4.49 Bn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 2.74 Bn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 3.44 Mn
10 Novonix 335.32 Mn 255.45 Mn - -352.40 Mn

Historic Data

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DateValue
Dec 31, 2025 -352.40 Mn
Dec 31, 2024 29.72 Mn
Dec 31, 2023 -184.85 Mn
Dec 31, 2022 26.55 Mn
Jun 30, 2022 -109.86 Mn
Jun 30, 2021 25.51 Mn
Jun 30, 2020 -45.43 Mn