Nova Ltd.'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), Nova Ltd. reported revenue of $880.6M (+31.0% year on year) and net income of $259.2M (+41.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $880.6M | $672.4M | $517.9M | $570.7M |
| Cost of Revenue | $375.4M | $285.3M | $224.7M | $253.8M |
| Gross profit | $505.2M | $387.1M | $293.2M | $317.0M |
| Research and development, net | $143.4M | $110.3M | $88.0M | $90.5M |
| Selling, General and Administrative Expense | $82.2M | $65.1M | $52.5M | $52.7M |
| Selling, General and Administrative Expense | $26.1M | $24.2M | $20.4M | $23.9M |
| Total operating expenses | $251.7M | $199.5M | $160.9M | $167.0M |
| Operating income | $253.5M | $187.5M | $132.3M | $149.9M |
| Financial income, net | $49.8M | $28.7M | $22.4M | $8.5M |
| Income before taxes on income | $303.3M | $216.3M | $154.7M | $158.4M |
| Income tax expenses | $44.1M | $32.5M | $18.4M | $18.2M |
| Net income | $259.2M | $183.8M | $136.3M | $140.2M |
| Basic | $8.61 | $6.31 | $4.73 | $4.89 |
| Diluted | $7.96 | $5.75 | $4.28 | $4.40 |
| Basic | 30.1K | 29.1K | 28.8K | 28.7M |
| Diluted | 32.8K | 32.1K | 32.1K | 31.9M |
| Line item | Jun 30, 2025 · YTD |
|---|---|
| Revenue | $433.3M |
| Cost of Revenue | $183.8M |
| Gross profit | $249.5M |
| Research and development, net | $68.7M |
| Selling, General and Administrative Expense | $39.6M |
| Selling, General and Administrative Expense | $12.3M |
| Total operating expenses | $120.7M |
| Operating income | $128.9M |
| Financial income, net | $28.1M |
| Income before taxes on income | $157.0M |
| Income tax expenses | $23.9M |
| Net income | $133.1M |
| Basic | $4.54 |
| Diluted | $4.17 |
| Basic | 29.3K |
| Diluted | 32.0K |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $214.5M | $157.8M | $107.6M | $111.1M |
| Short-term interest-bearing bank deposits | $512.3M | $211.9M | $119.8M | $95.3M |
| Marketable securities | $321.8M | $216.9M | $216.3M | $167.1M |
| Trade accounts receivable, net of allowance of $300 and $576 at December 31, 2025 and 2024 , respectively | $151.9M | $139.3M | $111.3M | $109.3M |
| Inventories | $183.7M | $156.6M | $138.2M | $116.6M |
| Other current assets | $26.7M | $19.5M | $17.1M | $13.5M |
| Total current assets | $1.4B | $901.9M | $710.2M | $612.9M |
| Marketable securities | $584.7M | $225.8M | $191.4M | $153.5M |
| Interest-bearing bank deposits and restricted cash | $12.5M | $7.8M | $6.3M | $483.0K |
| Deferred tax assets | $38.8M | $31.6M | $23.6M | $20.1M |
| Severance pay funds | $1.1M | $1.0M | $1.1M | $1.2M |
| Operating lease right-of-use assets | $57.7M | $51.2M | $41.9M | $44.9M |
| Property, plant and equipment, net | $102.6M | $81.7M | $66.9M | $55.9M |
| Intangible assets, net | $45.8M | $31.5M | $39.2M | $43.6M |
| Goodwill | $90.8M | $48.3M | $50.1M | $49.0M |
| Other Non-Operating Non-Current Assets | $15.6M | $9.4M | $3.3M | $957.0K |
| Total non-current assets | $949.7M | $488.5M | $423.6M | $371.2M |
| TOTAL ASSETS | $2.4B | $1.4B | $1.1B | $984.1M |
| Convertible senior notes, net | $0 | $180.6M | $197.7M | $0 |
| Accounts Payable | $47.0M | $59.6M | $35.2M | $42.7M |
| Deferred Revenue, Current | $67.2M | $72.9M | $42.0M | $30.5M |
| Operating lease current liabilities | $8.2M | $7.2M | $6.7M | $6.0M |
| Other current liabilities | $102.2M | $68.0M | $41.3M | $54.8M |
| Total current liabilities | $224.5M | $388.2M | $322.8M | $134.1M |
| Convertible senior notes, net | $731.7M | — | $0 | $196.4M |
| Accrued severance pay | $3.8M | $3.3M | $3.4M | $3.6M |
| Operating lease long-term liabilities | $59.3M | $48.4M | $39.8M | $43.7M |
| Deferred tax liability | $10.2M | $8.5M | $10.6M | $12.2M |
| Other Non-Operating Non-Current Liabilities | $12.8M | $14.2M | $6.5M | $7.2M |
| Total non-current liabilities | $817.8M | $74.4M | $60.2M | $263.1M |
| TOTAL LIABILITIES | $1.0B | $462.6M | $383.1M | $397.1M |
| Additional Paid-In Capital | $254.3M | $135.0M | $139.7M | $121.4M |
| Accumulated other comprehensive loss | $6.6M | ($5.3M) | ($3.3M) | ($12.5M) |
| Retained Earnings | $1.1B | $798.1M | $614.4M | $478.1M |
| Total shareholders’ equity | $1.3B | $927.8M | $750.8M | $587.0M |
| Total liabilities and shareholders’ equity | $2.4B | $1.4B | $1.1B | $984.1M |
| Line item | Jun 30, 2025 |
|---|---|
| Cash and cash equivalents | $160.6M |
| Short-term interest-bearing bank deposits | $208.4M |
| Marketable securities | $187.8M |
| Trade accounts receivable, net of allowance of $753 and $576 at June 30, 2025 and December 31, 2024, respectively | $138.4M |
| Inventories | $182.0M |
| Other current assets | $24.1M |
| Total current assets | $901.4M |
| Marketable securities | $287.5M |
| Interest-bearing bank deposits and restricted cash | $11.9M |
| Deferred tax assets | $35.4M |
| Severance pay funds | $1.1M |
| Operating lease right-of-use assets | $52.4M |
| Property, plant and equipment, net | $92.0M |
| Intangible assets, net | $50.4M |
| Goodwill | $90.7M |
| Other Non-Operating Non-Current Assets | $10.8M |
| Total non-current assets | $632.3M |
| TOTAL ASSETS | $1.5B |
| Convertible senior notes, net | $150.0M |
| Accounts Payable | $53.6M |
| Deferred Revenue, Current | $64.5M |
| Operating lease current liabilities | $7.0M |
| Other current liabilities | $75.9M |
| Total current liabilities | $351.0M |
| Accrued severance pay | $3.7M |
| Operating lease long-term liabilities | $52.3M |
| Deferred tax liability | $14.0M |
| Other Non-Operating Non-Current Liabilities | $16.3M |
| Total non-current liabilities | $86.3M |
| TOTAL LIABILITIES | $437.2M |
| Additional Paid-In Capital | $158.7M |
| Accumulated other comprehensive income (loss) | $6.4M |
| Retained Earnings | $931.3M |
| Total shareholders’ equity | $1.1B |
| Total liabilities and shareholders’ equity | $1.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $259.2M | $183.8M | $136.3M | $140.2M |
| Depreciation of property, plant and equipment | $13.5M | $11.7M | $10.3M | $8.6M |
| Amortization of Intangibles | $8.9M | $5.6M | $5.9M | $6.0M |
| Amortization of premium and accretion of discount on marketable securities, net | ($5.7M) | ($7.2M) | ($3.0M) | $1.7M |
| Amortization of debt issuance costs | $2.0M | $1.3M | $1.3M | $1.3M |
| Stock-Based Compensation Expense | $26.3M | $25.2M | $18.3M | $16.6M |
| Net effect of exchange rate fluctuation | ($18.6M) | $3.0M | $1.8M | $4.5M |
| Trade accounts receivables, net | ($7.0M) | ($29.1M) | ($1.2M) | ($31.6M) |
| Inventories | ($19.0M) | ($23.9M) | ($26.0M) | ($29.3M) |
| Other current and long-term assets | ($17.5M) | ($9.7M) | ($5.8M) | ($4.2M) |
| Deferred Income Tax (CF) | ($13.8M) | ($9.7M) | ($6.2M) | ($13.7M) |
| Operating lease right-of-use assets | $3.7M | $3.7M | $3.0M | $3.9M |
| Change in Accounts Payable | ($8.8M) | $17.5M | ($7.8M) | $5.1M |
| Deferred revenues | ($7.9M) | $34.6M | $11.4M | $15.2M |
| Operating lease liabilities | $1.7M | ($3.9M) | ($3.2M) | ($6.4M) |
| Change in Other Working Capital | $28.2M | $32.3M | ($11.4M) | $1.5M |
| Accrued severance pay, net | $461.0K | $42.0K | ($188.0K) | $46.0K |
| Net cash provided by operating activities | $245.6M | $235.3M | $123.5M | $119.5M |
| Acquisition of subsidiary, net of acquired cash | ($56.4M) | $0 | $0 | ($78.5M) |
| Change in short-term and long-term interest-bearing bank deposits | ($303.7M) | ($93.6M) | ($29.7M) | $129.9M |
| Investment in marketable securities | ($754.8M) | ($272.0M) | ($273.6M) | ($211.7M) |
| Proceed from maturities of marketable securities | $304.9M | $243.4M | — | — |
| Proceed from sales of marketable securities | $494.0K | $3.0M | — | — |
| Purchase of property, plant and equipment | ($27.7M) | ($17.2M) | ($17.2M) | ($21.3M) |
| Net cash used in investing activities | ($837.2M) | ($136.4M) | ($125.3M) | ($100.3M) |
| Proceeds from issuance of convertible senior notes | $750.0M | — | — | — |
| Issuance costs of convertible senior notes | ($19.6M) | — | — | — |
| Purchase of capped calls | ($51.8M) | — | — | — |
| Issuance costs of capped calls | ($1.4M) | — | — | — |
| Conversion of convertible senior notes | ($7.0K) | ($18.5M) | — | $0 |
| Shares repurchase | -35.0M | -30.0M | -112.0K | -21.4M |
| Proceeds from exercise of options | $0 | $160.0K | $122.0K | $90.0K |
| Net cash provided by (used in) financing activities | $642.2M | ($48.3M) | $10.0K | ($29.8M) |
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | $6.4M | ($315.0K) | ($2.4M) | ($4.5M) |
| Decrease in cash, cash equivalents and restricted cash | $57.0M | $50.2M | ($4.1M) | ($15.0M) |
| Cash, cash equivalents and restricted cash - beginning of year | $157.8M | $107.6M | $111.7M | $126.7M |
| Cash, cash equivalents and restricted cash - end of year | $214.8M | $157.8M | $107.6M | $111.7M |
| Operating right-of-use assets recognized with corresponding operating lease liabilities | $10.5M | $13.0M | $785.0K | $17.4M |
| Accrued purchase of property, plant and equipment | $1.6M | $7.2M | — | — |
| Cash paid during the year for income taxes | $41.5M | $29.9M | $26.8M | $23.0M |
| Line item | Jun 30, 2025 · YTD |
|---|---|
| Net income | $133.1M |
| Depreciation of property and equipment | $6.3M |
| Amortization of Intangibles | $4.0M |
| Amortization of premium and accretion of discount on marketable securities, net | ($2.9M) |
| Amortization of debt discount and issuance costs | $568.0K |
| Stock-Based Compensation Expense | $12.6M |
| Net effect of exchange rate fluctuation | ($15.1M) |
| Trade accounts receivable, net | $6.5M |
| Inventories | ($15.4M) |
| Other current and long-term assets | ($5.9M) |
| Deferred tax, net | ($6.1M) |
| Operating lease right-of-use assets | ($1.9M) |
| Trade accounts payable | ($1.7M) |
| Deferred revenues | ($12.4M) |
| Operating lease liabilities | $4.4M |
| Change in Other Working Capital | $7.8M |
| Accrued severance pay, net | $355.0K |
| Net cash provided by operating activities | $114.2M |
| Acquisition of subsidiary, net of acquired cash | ($56.4M) |
| Change in short-term and long-term interest-bearing bank deposits | ($129.0K) |
| Investment in marketable securities | ($156.8M) |
| Proceeds from maturity of marketable securities | $130.2M |
| Purchase of property and equipment | ($11.6M) |
| Net cash used in investing activities | ($94.7M) |
| Purchases of treasury shares | -20.0M |
| Net cash used in financing activities | ($20.0M) |
| Effect of exchange rate fluctuations on cash and cash equivalents and restricted cash | $3.6M |
| Changes in cash and cash equivalents and restricted cash | $3.1M |
| Cash and cash equivalents - beginning of period | $157.8M |
| Cash and cash equivalents and restricted cash - end of period | $160.9M |
Nova Ltd. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.