Novanta Inc. (NOVT) financial statements: income statement, balance sheet and cash flow
Novanta Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Novanta Inc. reported revenue of $980.6M (+3.3% year on year) and net income of $53.8M (-16.0% year on year).
Income statement
Novanta Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$980.6M
$949.2M
$881.7M
$860.9M
Cost of revenue
$545.3M
$527.7M
$481.8M
$482.4M
Gross profit
$435.3M
$421.5M
$399.9M
$378.5M
Research and development and engineering
$95.5M
$95.5M
$91.7M
$85.8M
Selling, general and administrative
$195.7M
$175.9M
$164.5M
$158.9M
Amortization of purchased intangible assets
$27.5M
$25.8M
$20.4M
$26.3M
Restructuring, acquisition and related costs
$22.7M
$13.7M
$12.8M
$4.4M
Total operating expenses
$341.3M
$311.0M
$289.4M
$275.4M
Operating income
$94.0M
$110.6M
$110.5M
$103.1M
Interest income (expense), net
($21.5M)
($31.5M)
($25.8M)
($15.6M)
Foreign exchange transaction gains (losses), net
($2.2M)
$413.0K
($255.0K)
$67.0K
Other income (expense), net
($708.0K)
($442.0K)
($675.0K)
($371.0K)
Income before income taxes
$69.6M
$79.1M
$83.7M
$87.2M
Income tax provision
$15.8M
$15.0M
$10.9M
$13.1M
Net income
$53.8M
$64.1M
$72.9M
$74.1M
Basic
$1.47
$1.78
$2.03
$2.08
Diluted
$1.47
$1.77
$2.02
$2.06
Weighted average common shares outstanding—basic
36.6M
36.0M
35.8M
35.7M
Weighted average common shares outstanding—diluted
36.7M
36.1M
36.0M
35.9M
Novanta Inc. income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Sep 26, 2025 · Q3
Jun 27, 2025 · Q2
Revenue
$265.8M
$257.7M
$247.8M
$241.0M
Cost of revenue
$144.9M
$144.1M
$136.9M
$134.3M
Gross profit
$120.9M
$113.6M
$110.9M
$106.7M
Research and development and engineering
$24.0M
$23.3M
$24.1M
$25.3M
Selling, general and administrative
$60.0M
$54.4M
$51.4M
$47.1M
Amortization of purchased intangible assets
$6.4M
$5.8M
$6.9M
$6.9M
Restructuring, acquisition, and related costs
$12.5M
$2.6M
$6.7M
$12.6M
Total operating expenses
$102.9M
$86.0M
$89.1M
$91.8M
Operating income
$18.1M
$27.5M
$21.8M
$14.9M
Interest income (expense), net
($1.1M)
($1.8M)
($6.0M)
($5.8M)
Foreign exchange transaction gains (losses), net
($801.0K)
$731.0K
$14.0K
($2.7M)
Other income (expense), net
($256.0K)
($73.0K)
($90.0K)
($563.0K)
Income before income taxes
$15.9M
$26.4M
$15.8M
$5.8M
Income tax provision
$3.4M
$5.3M
$5.1M
$1.3M
Net income
$12.5M
$21.1M
$10.7M
$4.5M
Basic
$0.31
$0.52
$0.30
$0.12
Diluted
$0.30
$0.51
$0.30
$0.12
Weighted average common shares outstanding—basic
41.0M
40.4M
36.0M
36.0M
Weighted average common shares outstanding—diluted
41.2M
41.2M
36.0M
36.1M
Balance sheet
Novanta Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$380.9M
$114.0M
$105.1M
$100.1M
Accounts receivable, net of allowance of $1,341 and $505, respectively
$184.9M
$151.0M
$139.4M
$137.7M
Inventories
$188.3M
$144.6M
$149.4M
$168.0M
Prepaid income taxes and income taxes receivable
$9.4M
$8.1M
$8.1M
$1.5M
Prepaid expenses and other current assets
$19.2M
$16.0M
$13.4M
$13.2M
Total current assets
$782.6M
$433.6M
$415.3M
$420.5M
Property, plant and equipment, net
$118.5M
$113.1M
$109.4M
$103.2M
Operating right-of-use assets
$41.7M
$42.9M
$38.3M
$43.3M
Deferred tax assets
$27.4M
$22.9M
$27.9M
$15.1M
Other assets
$8.8M
$6.0M
$5.6M
$4.4M
Intangible assets, net
$180.8M
$185.8M
$145.0M
$175.8M
Goodwill
$647.3M
$584.1M
$484.5M
$478.9M
Total assets
$1.8B
$1.4B
$1.2B
$1.2B
Current portion of long-term debt
$38.3M
$4.7M
$5.0M
$4.8M
Accounts payable
$94.9M
$76.9M
$57.2M
$75.2M
Income taxes payable
$5.9M
$16.0M
$7.8M
$13.7M
Current portion of operating lease liabilities
$9.9M
$9.9M
$8.2M
$7.8M
Accrued expenses and other current liabilities
$63.5M
$60.3M
$61.1M
$63.0M
Total current liabilities
$212.4M
$167.8M
$139.2M
$164.5M
Long-term debt
$212.5M
$411.9M
$349.4M
$430.7M
Operating lease liabilities
$38.9M
$40.5M
$37.3M
$40.8M
Deferred tax liabilities
$18.1M
$13.1M
$16.3M
$17.2M
Income taxes payable
$4.0M
$4.9M
$4.4M
$4.4M
Other liabilities
$7.0M
$4.5M
$5.9M
$6.1M
Total liabilities
$492.8M
$642.8M
$552.6M
$663.6M
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,671 and 35,938, respectively
423.9M
423.9M
423.9M
423.9M
Additional paid-in capital
$572.1M
$84.2M
$70.2M
$55.2M
Retained earnings
$321.4M
$267.5M
$203.5M
$130.6M
Accumulated other comprehensive loss
($3.0M)
($29.9M)
($24.0M)
($32.0M)
Total stockholders' equity
$1.3B
$745.7M
$673.5M
$577.6M
Total liabilities and stockholders’ equity
$1.8B
$1.4B
$1.2B
$1.2B
Novanta Inc. balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Sep 26, 2025
Jun 27, 2025
Cash and cash equivalents
$718.6M
$388.8M
$89.2M
$109.9M
Accounts receivable, net of allowance of $1,976 and $1,341, respectively
$178.7M
$173.9M
$170.6M
$161.2M
Inventories
$192.7M
$193.1M
$180.0M
$168.1M
Prepaid income taxes and income taxes receivable
$12.8M
$8.8M
$9.8M
$8.2M
Prepaid expenses and other current assets
$20.6M
$22.2M
$18.9M
$14.8M
Total current assets
$1.1B
$786.8M
$468.4M
$462.1M
Property, plant and equipment, net
$120.0M
$117.0M
$119.8M
$118.9M
Operating lease assets
$46.5M
$40.4M
$43.3M
$44.1M
Deferred tax assets
$31.7M
$29.7M
$27.1M
$27.0M
Other assets
$15.6M
$11.6M
$6.5M
$6.3M
Intangible assets, net
$159.8M
$170.3M
$193.2M
$203.6M
Goodwill
$642.4M
$643.4M
$647.5M
$649.1M
Total assets
$2.1B
$1.8B
$1.5B
$1.5B
Current portion of long-term debt
$41.5M
$40.4M
$5.7M
$5.2M
Accounts payable
$97.5M
$96.2M
$100.2M
$89.0M
Income taxes payable
$11.8M
$7.9M
$4.0M
$12.9M
Current portion of operating lease liabilities
$9.9M
$9.7M
$10.2M
$10.3M
Accrued expenses and other current liabilities
$85.2M
$66.6M
$66.8M
$64.5M
Total current liabilities
$245.9M
$220.8M
$186.9M
$181.9M
Long-term debt
$188.2M
$201.0M
$445.7M
$454.0M
Operating lease liabilities
$43.3M
$37.2M
$40.4M
$41.1M
Deferred tax liabilities
$16.6M
$17.2M
$19.7M
$20.8M
Income taxes payable
$4.7M
$4.5M
$5.2M
$5.0M
Other liabilities
$24.5M
$7.3M
$6.5M
$6.8M
Total liabilities
$523.1M
$488.0M
$704.3M
$709.6M
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 37,816 and 35,671, respectively
423.9M
423.9M
423.9M
423.9M
Additional paid-in capital
$848.4M
$556.4M
$76.5M
$85.5M
Retained earnings
$355.0M
$342.5M
$303.9M
$293.3M
Accumulated other comprehensive loss
($10.8M)
($11.7M)
($2.8M)
($1.1M)
Total stockholders' equity
$1.6B
$1.3B
$801.5M
$801.4M
Total liabilities and stockholders’ equity
$2.1B
$1.8B
$1.5B
$1.5B
Cash flow statement
Novanta Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$53.8M
$64.1M
$72.9M
$74.1M
Depreciation and amortization
$61.9M
$55.6M
$46.6M
$53.2M
Provision for inventory excess and obsolescence
$3.3M
$8.8M
$7.5M
$3.0M
Share-based compensation
$29.5M
$23.3M
$25.6M
$23.1M
Deferred income taxes
($8.9M)
($15.9M)
($14.7M)
($18.7M)
Loss (gain) on disposal of fixed assets
($4.1M)
($64.0K)
$148.0K
($61.0K)
Contingent consideration adjustments
$830.0K
($282.0K)
—
($1.4M)
Write-off of unamortized deferred financing costs
$426.0K
—
—
$624.0K
Non-cash interest expense
$1.5M
$1.2M
$1.2M
$1.2M
Other non-cash items
$857.0K
$170.0K
$397.0K
$356.0K
Accounts receivable, net of allowance
($27.3M)
($6.2M)
($127.0K)
($23.2M)
Inventories
($36.1M)
$4.8M
$11.4M
($48.5M)
Prepaid expenses and other current assets
($1.3M)
($1.5M)
$709.0K
($814.0K)
Prepaid income taxes, income taxes receivable and income taxes payable
($12.4M)
$9.0M
($12.3M)
$489.0K
Accounts payable, accrued expenses and other current liabilities
$3.7M
$13.1M
($20.5M)
$30.3M
Other non-current assets and liabilities
($1.8M)
($253.0K)
($474.0K)
($3.0M)
Cash provided by operating activities
$64.1M
$158.5M
$120.1M
$90.8M
Purchases of property, plant and equipment
($15.6M)
($17.2M)
($20.0M)
($19.6M)
Acquisition of businesses, net of cash acquired and working capital adjustments
($64.3M)
($191.2M)
—
($21.6M)
Proceeds from sale of property, plant and equipment
$5.6M
$173.0K
$69.0K
$137.0K
Cash used in investing activities
($74.3M)
($208.2M)
($19.9M)
($42.5M)
Borrowings under revolving credit facilities
$82.8M
$198.0M
—
$69.9M
Proceeds from issuance of tangible equity units, net of issuance costs
$614.4M
—
—
—
Repayments under term loan and revolving credit facilities
($365.7M)
($131.1M)
($86.6M)
($59.0M)
Payments of debt issuance costs
($4.7M)
$0
—
($2.5M)
Payments of withholding taxes from share-based awards
($7.8M)
($9.7M)
($10.6M)
($11.7M)
Payments of contingent considerations related to acquisitions
$0
$0
($81.0K)
($46.3M)
Repurchases of common shares
-39.3M
—
—
-10.0M
Other financing activities
($3.3M)
($278.0K)
($657.0K)
($599.0K)
Cash provided by (used in) financing activities
$276.3M
$56.9M
($97.9M)
($60.2M)
Effect of exchange rates on cash and cash equivalents
$818.0K
$1.7M
$2.6M
($5.4M)
Increase (decrease) in cash and cash equivalents
$266.9M
$8.9M
$4.9M
($17.3M)
Cash and cash equivalents, beginning of year
$114.0M
$105.1M
$100.1M
$117.4M
Cash and cash equivalents, end of year
$380.9M
$114.0M
$105.1M
$100.1M
Cash paid for interest
$22.6M
$32.7M
$25.3M
$14.3M
Cash paid for income taxes
$38.7M
$21.2M
$36.9M
$20.3M
Income tax refunds received
$1.9M
$1.6M
$612.0K
$169.0K
Accruals for capital expenditures
$1.1M
$2.5M
$570.0K
$1.7M
Novanta Inc. cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Sep 26, 2025 · YTD
Jun 27, 2025 · YTD
Net income
$33.6M
$21.1M
$36.4M
$25.7M
Depreciation and amortization
$28.8M
$14.2M
$44.9M
$29.1M
Provision for inventory excess and obsolescence
$1.7M
$710.0K
$2.7M
$1.7M
Share-based compensation
$19.6M
$9.8M
$21.3M
$14.6M
Deferred income taxes
($5.5M)
($2.9M)
($6.4M)
($5.2M)
Loss (gain) on disposal of fixed assets
($188.0K)
($248.0K)
($4.1M)
($4.1M)
Other
$2.3M
$1.0M
$1.4M
$651.0K
Accounts receivable
$4.2M
$9.7M
($12.4M)
($2.3M)
Inventories
($7.4M)
($6.8M)
($27.3M)
($14.3M)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets
($4.5M)
($2.4M)
($2.6M)
$3.1M
Accounts payable, income taxes payable, accrued expenses and other current liabilities
$35.3M
$13.3M
($3.0K)
($3.5M)
Other non-current assets and liabilities
$8.6M
($5.8M)
$1.1M
$688.0K
Net cash provided by operating activities
$116.5M
$51.6M
$55.3M
$46.8M
Purchases of property, plant and equipment
($11.6M)
($4.1M)
($12.0M)
($7.7M)
Proceeds from sale of property, plant and equipment
$345.0K
$345.0K
$5.5M
$5.5M
Net cash used in investing activities
($11.3M)
($3.8M)
($70.7M)
($65.3M)
Repayments of debt
($18.8M)
($8.8M)
($49.2M)
($41.0M)
Proceeds from issuance of shares in private placement, net of issuance costs
288.5M
—
—
—
Payments of debt issuance costs
($2.3M)
($1.3M)
($3.8M)
($3.4M)
Payments of issuance costs related to tangible equity units
($1.3M)
—
—
—
Payments of withholding taxes from share-based awards
($12.4M)
($7.0M)
($7.7M)
($7.2M)
Repurchases of common shares
-18.6M
-18.6M
-20.2M
-6.2M
Payments of contingent consideration related to acquisitions
($4.4M)
($4.4M)
—
—
Other financing activities
($215.0K)
($16.0K)
($3.1M)
($3.0M)
Net cash provided by financing activities
$230.5M
($40.1M)
($11.3M)
$12.1M
Effect of exchange rates on cash and cash equivalents
$2.0M
$237.0K
$2.0M
$2.4M
Increase (decrease) in cash and cash equivalents
$337.8M
$7.9M
($24.8M)
($4.1M)
Cash and cash equivalents, beginning of the period