profit from every $100 of sales.
$0$100
Novonix
$2.19+0.92% today
-82.3% in 1 year
1-year low $2.011-year high $15.70
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Novonix sold, what it kept, and what it did with the cash.
Sales went from $6.10 million in 2022 to $5.62 million in 2025, with -$92.7 million of profit last year.
SalesProfit
Novonix vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Novonix | No profit yet | ||
 Contemporary Amperex Technology | 21.1× · Fair price | ||
 ABB | 32.4× · Expensive | ||
 Vertiv | 59.7× · Expensive | ||
 Delta Electronics (Thailand) Public | 97.8× · Very expensive |
AI analysis
An AI analyst reads Novonix's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6 | 8 | 6 | 6 | |
| 4 | 5 | 4 | 3 | |
| -48 | -48 | -52 | -48 | |
| -46 | -39 | -67 | -76 | |
| -52 | -46 | -75 | -93 | |
| -42.38 | -0.36 | -0.60 | -0.56 | |
| 71.7% | 65.0% | 69.8% | 55.5% | |
| -787.4% | -598.8% | -880.0% | -863.2% | |
| -850.0% | -574.2% | -1,278.0% | -1,650.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | – | 263 | 226 | 283 |
| Cash | – | 79 | 43 | 80 |
| Total debt | – | 69 | 71 | 100 |
| Total liabilities | – | 79 | 89 | 121 |
| – | 184 | 138 | 162 | |
| 116 | 122 | 124 | 170 | |
| – | -13.6% | -26.9% | -24.4% | |
| – | -25.1% | -54.4% | -57.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -29 | -36 | -40 | -42 | |
| 84 | 19 | 30 | 60 | |
| -113 | -55 | -70 | -102 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 15 | 6 | 6 | -1 |
Valuation
- –
- –
- –
- 0.8×
- 9.7×
- –
- –
- -187.4%
- -169.7%
- 0.0%
Profitability
- 55.5%
- -863.2%
- -1,650.8%
- -831.3%
- -25.9%
- -25.4%
- -70.2%
- -37.3%
- -34.1%
- 94.7%
Growth
- −2.7%
- –
- −45.7%
- –
- +10.1%
Financial health
- –
- 0.70
- 39.2%
- -5.2×
- 1.07
- 1.04
- 0.03
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 982
Bottom 11%of 985
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 26, 2026 | -0.44 | -0.11 | −287.5% |
| Aug 21, 2025 | -0.13 | -0.26 | +49.7% |
| Feb 28, 2025 | -0.06 | -0.12 | +54.4% |
| Oct 29, 2024 | -0.04 | -0.18 | +77.8% |
| May 24, 2024 | -0.03 | -0.19 | +86.2% |
| Sep 27, 2023 | -0.04 | -0.06 | +37.2% |
| Dec 30, 2022 | -0.03 | – | – |
| Aug 31, 2022 | -0.03 | – | – |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
38No pass
Benjamin Graham
55No pass
Philip Fisher
43No pass
Peter Lynch
33No pass
Joel Greenblatt
2No pass
Charlie Munger
41No pass
Terry Smith
40No pass
Questions about Novonix
Is Novonix a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Novonix AI analysis
What does Novonix do?
Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. It is in Electrical Equipment & Parts.
Does Novonix pay a dividend?
No. Novonix does not pay a dividend at the moment.
Is Novonix stock halal?
No. Novonix does not pass our halal screen: its debt is 184% of its market value, at or above the 33% limit. How we check
How has Novonix stock done over the past year?
Down 82.3% over the past twelve months, to $2.19. It traded between $2.01 and $15.70 and is 86.1% below its high.
Who are Novonix's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with Novonix's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.