NOVTU - Novanta Inc. Tangible Equity Units
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| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 257.7 | 258.3 | 247.8 | 241.0 | 233.4 |
| Cost of Revenue | 149.9 | 153.2 | 136.9 | 134.3 | 129.0 |
| Gross Profit | 107.8 | 105.1 | 110.9 | 106.7 | 104.4 |
| Operating Expenses | |||||
| R&D Expenses | 23.3 | 22.9 | 24.1 | 25.3 | 23.2 |
| SG&A Expenses | 54.4 | 51.6 | 51.4 | 47.1 | 45.6 |
| Other Expenses | 0 | 0 | 13.6 | 19.4 | 3.1 |
| Operating Expenses | 77.7 | 74.4 | 89.1 | 91.8 | 71.9 |
| Operating Income | |||||
| Operating Income | 30.1 | 30.7 | 21.8 | 14.9 | 32.4 |
| Interest Expense | 1.8 | 4.0 | 6.0 | 5.8 | 5.6 |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||
| EBITDA | 44.3 | 47.8 | 37.5 | 43.1 | 43.5 |
| EBIT | 30.1 | 30.7 | 21.8 | 27.5 | 30.0 |
| Income Before Tax | 26.4 | 21.7 | 15.8 | 5.8 | 26.4 |
| Income Tax Expense | 5.3 | 4.2 | 5.1 | 1.3 | 5.2 |
| Net Income | 21.1 | 17.5 | 10.7 | 4.5 | 21.2 |
| Per Share Data | |||||
| EPS (Basic) | 0.52 | 0.46 | 0.30 | 0.12 | 0.59 |
| EPS (Diluted) | 0.51 | 0.45 | 0.30 | 0.12 | 0.59 |
| Shares Outstanding | 40.4 | 38.2 | 36.0 | 37.5 | 36.0 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 388.8 | 380.9 | 89.2 | 109.9 | 106.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 173.9 | 184.9 | 170.6 | 161.2 | 164.2 |
| Inventory | 193.1 | 188.3 | 180.0 | 168.1 | 145.4 |
| Other Current Assets | 30.9 | 28.6 | 28.7 | 22.9 | 18.5 |
| Total Current Assets | 786.8 | 782.6 | 468.4 | 462.1 | 434.1 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 157.3 | 160.2 | 163.1 | 163.0 | 153.8 |
| Goodwill | 643.4 | 647.3 | 647.5 | 649.1 | 589.1 |
| Intangible Assets | 170.3 | 180.8 | 193.2 | 203.6 | 177.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.6 | 8.8 | 6.5 | 6.3 | 5.7 |
| Total Non-Current Assets | 1,012.3 | 1,024.5 | 1,037.4 | 1,049.0 | 951.3 |
| Total Assets | 1,799.1 | 1,807.1 | 1,505.8 | 1,511.1 | 1,385.5 |
| Current Liabilities | |||||
| Account Payables | 96.2 | 94.9 | 100.2 | 89.0 | 82.5 |
| Short-Term Debt | 51.0 | 49.0 | 16.7 | 5.2 | 4.9 |
| Deferred Revenue | 16.3 | 10.9 | 8.0 | 6.9 | 8.2 |
| Other Current Liabilities | 28.9 | 35.3 | 40.9 | 34.9 | 19.7 |
| Total Current Liabilities | 220.8 | 212.4 | 186.9 | 181.9 | 146.7 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 201.0 | 251.4 | 445.7 | 454.0 | 385.3 |
| Deferred Tax Liabilities | 17.2 | 18.1 | 19.7 | 20.8 | 13.2 |
| Other Non-Current Liabilities | 9.7 | (30.3) | 9.1 | 9.0 | 28.9 |
| Total Non-Current Liabilities | 267.2 | 280.5 | 517.5 | 527.7 | 469.0 |
| Total Liabilities | 488.0 | 492.8 | 704.3 | 709.6 | 615.7 |
| Stockholders' Equity | |||||
| Common Stock | 423.9 | 423.9 | 423.9 | 423.9 | 423.9 |
| Retained Earnings | 342.5 | 321.4 | 303.9 | 293.3 | 288.8 |
| Accumulated Other Comprehensive Income | (11.7) | (3.0) | (2.8) | (1.1) | (21.3) |
| Total Stockholders' Equity | 1,311.0 | 1,314.3 | 801.5 | 801.4 | 769.8 |
| Total Liabilities & Equity | 1,799.1 | 1,807.1 | 1,505.8 | 1,511.1 | 1,385.5 |
| Debt Metrics | |||||
| Total Debt | 291.3 | 341.6 | 505.3 | 513.4 | 442.5 |
| Net Debt | (97.5) | (39.3) | 416.1 | 403.5 | 336.5 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 21.1 | 17.5 | 10.7 | 4.5 | 21.2 |
| Depreciation & Amortization | 14.2 | 17.1 | 15.7 | 15.6 | 13.6 |
| Stock-Based Compensation | 0 | 0 | 6.7 | 7.5 | 7.1 |
| Change in Working Capital | 7.9 | (33.4) | (22.8) | (3.5) | (4.6) |
| Other Non-Cash Items | 10.0 | 9.3 | (1.8) | (6.3) | (3.2) |
| Operating Cash Flow | 50.3 | 8.1 | 8.5 | 15.1 | 31.7 |
| Investing Activities | |||||
| Capital Expenditure | (4.1) | (3.5) | (4.3) | (3.4) | (4.3) |
| Acquisitions | 0.3 | 0.9 | (1.1) | (63.2) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 5.5 |
| Investing Cash Flow | (3.8) | (2.6) | (5.4) | (66.6) | 1.3 |
| Financing Activities | |||||
| Net Debt Issuance | (8.8) | (308.3) | (8.2) | 58.6 | (29.7) |
| Stock Repurchased | (18.6) | (18.8) | (14.6) | (0.1) | (6.2) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (11.4) | (0.1) | (0.6) | (3.7) | (6.9) |
| Financing Cash Flow | (38.8) | 288.4 | (23.4) | 54.8 | (42.7) |
| Cash Position | |||||
| Net Change in Cash | 7.9 | 291.6 | (20.7) | 3.9 | (7.9) |
| Cash at Beginning | 380.9 | 89.2 | 109.9 | 106.0 | 114.0 |
| Cash at End | 388.8 | 380.9 | 89.2 | 109.9 | 106.0 |
| Free Cash Flow | 46.2 | 4.5 | 4.2 | 11.7 | 27.4 |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 257.7 | 258.3 | 247.8 | 241.0 | 233.4 |
| Gross Profit | 107.8 | 105.1 | 110.9 | 106.7 | 104.4 |
| Operating Income | 30.1 | 30.7 | 21.8 | 14.9 | 32.4 |
| Net Income | 21.1 | 17.5 | 10.7 | 4.5 | 21.2 |
| EPS (Diluted) | 0.51 | 0.45 | 0.30 | 0.12 | 0.59 |
| Balance Sheet | |||||
| Cash & Equivalents | 388.8 | 380.9 | 89.2 | 109.9 | 106.0 |
| Total Assets | 1,799.1 | 1,807.1 | 1,505.8 | 1,511.1 | 1,385.5 |
| Total Debt | 291.3 | 341.6 | 505.3 | 513.4 | 442.5 |
| Stockholders' Equity | 1,311.0 | 1,314.3 | 801.5 | 801.4 | 769.8 |
| Cash Flow | |||||
| Operating Cash Flow | 50.3 | 8.1 | 8.5 | 15.1 | 31.7 |
| Capital Expenditure | (4.1) | (3.5) | (4.3) | (3.4) | (4.3) |
| Free Cash Flow | 46.2 | 4.5 | 4.2 | 11.7 | 27.4 |