NOVANTA INCNOVTEarnings & Financial Report
Novanta Inc is a global technology supplier delivering high-precision photonics, motion control, and machine vision solutions. It serves core segments including medical equipment manufacturing, advanced industrial automation, robotics, and life sciences, helping customers boost product performance and drive innovation worldwide.
Revenue
$230.9M
Gross Profit
$100.4M
Operating Profit
$25.6M
Net Profit
$14.7M
Gross Margin
43.5%
Operating Margin
11.1%
Net Margin
6.4%
YoY Growth
5.4%
EPS
$0.41
Financial Flow
NOVANTA INC Q1 2024 Financial Summary
NOVANTA INC reported revenue of $230.9M (up 5.4% YoY) for Q1 2024, with a net profit of $14.7M (down 19.6% YoY) (6.4% margin). Cost of goods sold was $130.5M, operating expenses totaled $74.8M.
Key Financial Metrics
| Total Revenue | $230.9M |
|---|---|
| Net Profit | $14.7M |
| Gross Margin | 43.5% |
| Operating Margin | 11.1% |
| Report Period | Q1 2024 |
Revenue Breakdown
NOVANTA INC Q1 2024 revenue of $230.9M breaks down across 7 segments, led by Precision Medicine And Manufacturing at $65.2M (28.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Precision Medicine And Manufacturing | $65.2M | 28.3% |
| Robotics And Automation | $63.2M | 27.4% |
| Rest Of Europe | $31.0M | 13.4% |
| Rest Of Asia Pacific | $27.3M | 11.8% |
| Motion Solutions Parent Corp | $21.2M | 9.2% |
| Other | $20.3M | 8.8% |
| Accounting Standards Update201409 | $2.7M | 1.2% |
NOVANTA INC Annual Revenue by Year
NOVANTA INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $980.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $980.6M |
| 2024 | $949.2M |
| 2023 | $881.7M |
NOVANTA INC Quarterly Revenue & Net Profit History
NOVANTA INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $258.3M | +8.5% | $17.5M | 6.8% |
| Q3 2025 | $247.8M | +1.4% | $10.7M | 4.3% |
| Q2 2025 | $241.0M | +2.2% | $4.5M | 1.9% |
| Q1 2025 | $233.4M | +1.1% | $21.2M | 9.1% |
| Q4 2024 | $238.1M | +12.5% | $16.5M | 6.9% |
| Q3 2024 | $244.4M | +10.3% | $19.2M | 7.9% |
| Q2 2024 | $235.9M | +2.8% | $13.8M | 5.8% |
| Q1 2024 | $230.9M | +5.4% | $14.7M | 6.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $230.9M | $235.9M | $244.4M | $238.1M | $233.4M | $241.0M | $247.8M | $258.3M |
| YoY Growth | 5.4% | 2.8% | 10.3% | 12.5% | 1.1% | 2.2% | 1.4% | 8.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.41B | $1.40B | $1.42B | $1.39B | $1.39B | $1.51B | $1.51B | $1.81B |
| Liabilities | $728.9M | $696.6M | $676.6M | $642.8M | $615.7M | $709.6M | $704.3M | $492.8M |
| Equity | $681.7M | $702.0M | $742.2M | $745.7M | $769.8M | $801.4M | $801.5M | $1.31B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $32.8M | $41.1M | $23.0M | $61.6M | $31.7M | $15.1M | $8.5M | $8.8M |