NVX (NVX) financial statements
NVX reported revenue of $6M in fiscal 2025, up 14.5% a year over 5 years.
Net income was -$93M.
Free cash flow was -$102M.
The diluted share count rose 402% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NVX's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3M | $4M | $6M | $8M | $6M | $6M |
| Research and development | $2M | $2M | $5M | $6M | $5M | $6M |
| Operating income | — | — | — | — | $151M | $276M |
| Pre-tax income | -$13M | -$13M | -$52M | -$46M | -$75M | -$93M |
| Income tax | $0 | $0 | $0 | -$199,949 | $97,687 | $25,542 |
| Net income | -$13M | -$13M | -$52M | -$46M | -$75M | -$93M |
| EPS (diluted) | -$0.10 | -$0.04 | -$0.11 | -$0.09 | -$0.15 | -$0.14 |
| Diluted shares | 136M | 366M | 464M | 487M | 497M | 682M |
| Operating margin | — | — | — | — | 2576.2% | 4916.0% |
| Net margin | -471.1% | -345.3% | -850.0% | -574.2% | -1278.0% | -1650.8% |
Balance sheet
Fiscal years, from NVX's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $27M | $103M | $143M | $79M | $43M | $80M |
| Receivables | $739,585 | $2M | $2M | $4M | $8M | $2M |
| Inventory | $940,155 | $2M | $2M | $2M | $1M | $2M |
| Total current assets | $28M | $108M | $162M | $89M | $57M | $89M |
| Property, plant and equipment | $7M | $24M | $104M | $140M | $149M | $175M |
| Goodwill | $12M | $12M | $12M | $12M | $12M | $12M |
| Total assets | $52M | $152M | $303M | $263M | $226M | $283M |
| Total current liabilities | $4M | $4M | $8M | $37M | $46M | $84M |
| Long-term debt | $1M | $4M | $36M | $35M | $33M | $32M |
| Total liabilities | $7M | $14M | $52M | $79M | $89M | $121M |
| Shareholders' equity | $45M | $138M | $251M | $184M | $138M | $162M |
| Net debt | -$25M | -$98M | -$106M | -$14M | $22M | $14M |
Cash flow
Fiscal years, from NVX's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$4M | -$6M | -$29M | -$36M | -$40M | -$42M |
| Capital spending | $4M | $19M | $84M | $19M | $30M | $60M |
| Free cash flow | -$7M | -$26M | -$113M | -$55M | -$70M | -$102M |
| Stock-based compensation | $5M | $4M | $15M | $6M | $6M | -$1M |
| Net borrowing | -$263,222 | $3M | $33M | -$320,251 | -$1M | -$1M |
| Free cash flow margin | -257.0% | -656.9% | -1851.2% | -687.9% | -1200.8% | -1822.5% |
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Open NVX in InvestinglyQuestions
What was NVX's revenue in 2025?
$6M in fiscal 2025, from its 10-K filing.
How much free cash flow does NVX generate?
-$102M in fiscal 2025 (operating cash flow minus capital spending).
From NVX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.