NOVONIX Ltd balance sheet NVX

Annual Quarterly

As of Dec 31, 2025, NOVONIX Ltd had total assets of $282.9 million and total liabilities of $121.2 million. Total assets were up 25.1% from a year earlier. Stockholders' equity was $161.7 million. It held $79.9 million in cash and investments against $162.4 million of total debt, net debt of $82.5 million. The current ratio, current assets divided by current liabilities, was 1.07.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
Assets
Cash
80
+87.7%
43
-45.9%
79
-20.5%
99
Cash and investments
80
+87.7%
43
-45.9%
79
-20.5%
99
Receivables
2
-74.1%
8
+128.9%
4
+25.2%
3
Inventory
2
+57.8%
1
-30.8%
2
-36.8%
3
Total current assets
89
+55.6%
57
-35.7%
89
-23.2%
116
Property and equipment, net
175
+17.1%
149
+6.8%
140
+11.6%
125
Goodwill
12
+0.0%
12
+0.0%
12
+0.0%
12
Total assets
283
+25.1%
226
-14.1%
263
-5.1%
277
Liabilities and equity
Accounts payable
13
+56.3%
9
+48.0%
6
-17.2%
7
Total current liabilities
84
+80.7%
46
+24.1%
37
+340.2%
8
Total liabilities
121
+37.0%
89
+11.5%
79
+54.6%
51
Stockholders' equity
162
+17.5%
138
-25.2%
184
-18.6%
226
Debt
Debt due within a year
124
+96.0%
63
+5.9%
60
+2654.6%
2
Long-term debt
32
-3.0%
33
-5.5%
35
-1.2%
35
Lease liabilities
6
-7.5%
7
+45.3%
5
-6.8%
5
Total debt
162
+57.5%
103
+3.9%
99
+134.0%
42
Net cash
-83
-36.3%
-61
-194.4%
-21
-136.3%
57
Ratios
Current ratio
1.07x
1.24x
2.39x
13.72x
Debt to equity
1.00x
0.75x
0.54x
0.19x
Debt to EBITDA
0.58x
0.66x
—
—
Return on equity
-57.35%
-54.38%
-25.14%
—
Return on assets
-32.77%
-33.09%
-17.56%
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690)
Listed as
NVX (Nasdaq), NVNXF (OTC)
Fiscal year ends
December 31
Incorporated in
Australia
Headquarters
Brisbane
SEC filer status
Accelerated filer, Emerging growth company
SEC CIK
1859795

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.