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
DateValue
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