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NVXNovonix Limited
$2.12$45M
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NVX logo

Novonix Limited

NVX
NASDAQ · Lithium & Rare Earths
$2.12
At close - Nov 6, 4:00 PM EST - USD
Market Cap$45M
P/E-0.4x
52W High$16.20
Volume33.86K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Persistent Commercial Scaling Challenges Impede Profitability Trajectory

Novonix faces a critical juncture as its transition from pilot-scale technology to high-volume commercial production remains stalled, evidenced by a 9.6% year-over-year revenue decline in 2025Q4.

GrowthMixed
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

NVX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-102% Peers

P/E is 102% below peer median

03

Market leadership

RS 10 · Lag

Laggard (Underperforming 90% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Dec 1

Market performance

Price History →

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NVX-80.55%
S&P 500 (^GSPC)+7.63%
1-Year Return
NVX+76.67%
S&P 500 (^GSPC)+9.69%
3-Year Return
NVX+4.18%
S&P 500 (^GSPC)+61.54%
5-Year Return
NVX-90.47%
S&P 500 (^GSPC)+52.30%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$6M-4.0% YoY
Net income FY25
-$93M-24.0% YoY
Free cash flow FY25
-$102M-45.7% YoY
Operating margin FY25
-929.6%-49.6 pts YoY
ROIC (FY25)-23.2%
Avg ROIC 5Y-26.4%
ROE (FY25)-63%
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (55%)
Revenue Beat Rate3/12 (30%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 31, 2026
-$0.86+65.6%
vs -$2.50
—
vs $34M
Q2 2026
Mar 2, 2026
-$4.40-293.6%
vs -$1.12
$3M-19.7%
vs $3M
Q1 2026
Feb 26, 2026
-$0.44-287.5%
vs -$0.11
$3M-21.0%
vs $4M
Q3 2025
Aug 21, 2025
-$0.78+52.9%
vs -$1.65
$2M-12.4%
vs $2M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 28, 2026
Graphite Miners News For The Month Of October 2026

China battery related flake graphite spot prices were flat for the past month. Graphite market news - Graphite demand is set to more than double to 6.9 million tons in 2050 from 3.3 million now. Graphite company news - Sartytogan Graphite DFS for the Sarytogan Graphite Project - Pre-tax NPV8 US$132.7M or A$189.6M at 70c FX, total capex US$80.5M.

GlobeNewsWire·Oct 7, 2026
NOVONIX Achieves ISO 9001 Quality Management Certification

CHATTANOOGA, Tenn., Oct. 07, 2026 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials company, today announced that it has achieved certification to ISO 9001:2015, the internationally recognized standard for quality management systems.

GlobeNewsWire·Sep 9, 2026
Lead Customer Feedback Marks Progress in Qualification

CHATTANOOGA, Tenn., Sept. 09, 2026 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials company, today received testing results from the initial shipment of a mass production qualification sample (“C-sample”) of synthetic graphite anode active material (“Synthetic Graphite AAM”) from its lead customer (the “Customer”). The Customer's testing shows the material met 12 out of the 14 total specification parameters. For the two specifications not met, one was within approximately 1% of the requirement while the other was assessed on a pass/fail basis under the Customer's testing criteria. NOVONIX's internal testing indicated that the material met all required specifications.

GlobeNewsWire·Sep 1, 2026
NOVONIX Selected for South Korea-U.S. Infrastructure Initiative

CHATTANOOGA, Tenn., Sept. 01, 2026 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) ("NOVONIX" or the "Company"), a leading battery materials company, welcomes the announcement by the Republic of Korea's Ministry of Land, Infrastructure and Transport (“MOLIT”) and the Korea Overseas Infrastructure & Urban Development Corporation (“KIND”) that the Company's Riverside synthetic graphite AAM manufacturing project has been selected for inclusion in a South Korea-U.S. government-led infrastructure initiative designed to connect major U.S. projects with Korean companies, investors and strategic financing partners.

Filtered for Novonix LimitedMore Headlines
04

Compare before deciding

Benchmark NVX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Novonix Limited (NVX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NVX logoNVXNovonix LimitedCurrent
$2.12$44.56M-0.41-3.98%-1650.76%-62.98%—
CBAT logoCBATCBAK Energy Technology, Inc.
$1.05$93.08M-5.4910.52%-7.43%-15.32%—
MVST logoMVSTMicrovast Holdings, Inc.
$0.63$209.46M4.2812.56%13.95%11.54%—
GPRE logoGPREGreen Plains Inc.
$13.23$926.5M5.73-14.93%10.81%23.31%—
ENPH logoENPHEnphase Energy, Inc.
$28.47$3.76B42.4010.72%7.49%7.87%—
FLUX logoFLUXFlux Power Holdings, Inc.
$0.32$5.53M-0.85-36.58%-22.56%-225.72%—

Compare NVX vs Peers

Novonix Limited (NVX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CBAT

Most directly comparable listed peer for NVX.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare NVX against a more recognizable public peer.

Peer Set

Compare Top 5

vs CBAT, MVST, GPRE, ENPH

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NVX Frequently Asked Questions

Novonix Limited (NVX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Novonix Limited's revenue?

Novonix Limited (NVX) reported $5.6M in revenue in fiscal year 2025.

How fast is Novonix Limited growing?

Novonix Limited (NVX) revenue fell by 4.0% in fiscal year 2025, compared with the prior fiscal year.

Is NVX profitable?

No. Novonix Limited (NVX) reported a net loss of $92.8M in fiscal year 2025.

Dividend & Returns
What is NVX's return on equity?

Novonix Limited (NVX) had a return on equity (ROE) of -63.0% in fiscal year 2025. A negative ROE means the company lost money over the period.

What is Novonix Limited's free cash flow?

Novonix Limited (NVX) had negative free cash flow of $102.4M in fiscal year 2025.

What if you invested $1,000 in NVX back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →