Novanta Inc income statement
In fiscal 2025, Novanta Inc reported revenue of $981m, up 3.3% on the year before, operating income of $94.0m (a 9.6% margin) and net income of $53.8m, or $1.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 254 | 286 | 304 | 244 | 317 | 365 | 374 | 385 | 521 | 614 | 626 | 591 | 707 | 861 | 882 | 949 | 981 | 1,030 |
| Cost of revenue | — | — | — | — | 185 | 215 | 216 | 222 | 301 | 353 | 364 | 346 | 406 | 482 | 482 | 528 | 545 | 571 |
| Gross profit | 99 | 131 | 133 | 106 | 132 | 150 | 158 | 162 | 221 | 262 | 262 | 245 | 300 | 378 | 400 | 422 | 435 | 459 |
| Research and development | 28 | 22 | 23 | 19 | 24 | 29 | 31 | 32 | 42 | 51 | 56 | 61 | 73 | 86 | 92 | 96 | 95 | 94 |
| Selling, general and administrative | 60 | 65 | 68 | 60 | 76 | 84 | 82 | 81 | 102 | 116 | 118 | 110 | 129 | 159 | 164 | 176 | 196 | 217 |
| Operating income | −20 | 36 | 36 | 20 | 19 | −17 | 29 | 33 | 58 | 71 | 55 | 56 | 64 | 103 | 110 | 111 | 94 | 92 |
| Interest expense | 28 | 20 | 13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net interest income | — | −20 | −13 | −3 | −3 | −5 | −5 | −5 | −7 | — | — | — | — | — | — | — | — | — |
| Income before tax | −72 | −8 | 24 | 17 | 16 | −18 | 46 | 33 | 76 | 61 | 46 | 48 | 56 | 87 | 84 | 79 | 70 | 80 |
| Income tax | −1 | 12 | 3 | −12 | 6 | −1 | 10 | 11 | 14 | 10 | 5 | 4 | 6 | 13 | 11 | 15 | 16 | 18 |
| Net income | −71 | −1 | 29 | 20 | 7 | −24 | 36 | 22 | 60 | 49 | 41 | 45 | 50 | 74 | 73 | 64 | 54 | 62 |
| Diluted EPS | −$4.48 | −$0.03 | $0.86 | $0.58 | $0.21 | −$0.70 | $1.02 | $0.63 | $1.13 | $1.43 | $1.15 | $1.25 | $1.41 | $2.06 | $2.02 | $1.77 | $1.47 | $1.57 |
| Diluted shares (average) | 16m | 24m | 34m | 34m | 34m | 34m | 35m | 35m | 35m | 35m | 36m | 36m | 36m | 36m | 36m | 36m | 37m | 39m |
| EBITDA | −3 | 52 | 51 | 34 | 39 | 8 | 49 | 54 | 88 | 108 | 94 | 94 | 107 | 156 | 157 | 166 | 156 | 154 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244 | 238 | 233 | 241 | 248 | 258 | 258 | 266 |
| Cost of revenue | 135 | 130 | 129 | 134 | 137 | 145 | 144 | 145 |
| Gross profit | 109 | 108 | 104 | 107 | 111 | 113 | 114 | 121 |
| Research and development | 23 | 25 | 23 | 25 | 24 | 23 | 23 | 24 |
| Selling, general and administrative | 44 | 43 | 46 | 47 | 51 | 52 | 54 | 60 |
| Operating income | 33 | 27 | 32 | 15 | 22 | 25 | 28 | 18 |
| Income before tax | 24 | 21 | 26 | 6 | 16 | 22 | 26 | 16 |
| Income tax | 5 | 4 | 5 | 1 | 5 | 4 | 5 | 3 |
| Net income | 19 | 16 | 21 | 4 | 11 | 17 | 21 | 13 |
| Diluted EPS | $0.53 | $0.45 | $0.59 | $0.12 | $0.30 | $0.46 | $0.51 | $0.30 |
| EBITDA | 47 | 41 | 46 | 30 | 38 | 42 | 42 | 33 |
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