Filing Flows › Novanta (NOVT) › Q2 2025
Novanta (NOVT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Novanta (NOVT) reported revenue of $241M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 6.2%, net earnings $4.5M (1.9% of revenue).
Novanta, Q2 2025: revenue $241M (+2% year over year), operating margin 6.2%, net earnings $4.5M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $241M | +3% | +2% |
| Gross profit | $107M | +2% | +3% |
| Operating profit | $14.9M | -54% | -42% |
| Net earnings | $4.5M | -79% | -67% |
| Operating cash flow | $15.1M | -52% | -63% |
| Free cash flow | $11.7M | -57% | -68% |
What changed
Revenue was $241.0M in Q2 2025, up 2% year over year and up 3% from the previous quarter.
Gross margin was 44.3%, up 0.3 points from a year earlier. Operating profit was $14.9M, a 6.2% margin (down 4.7 points year over year). Operating profit fell $10.8M even though revenue rose $5.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+106%). Net earnings were $4.5M, down 67% year over year. The effective tax rate was 22.3%.
Operating cash flow was $15.1M (down 63% year over year), 335% of net earnings. Non-cash charges added back $15.6M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $12.5M. Capital expenditures of $3.4M left free cash flow of $11.7M.
Questions
What was Novanta's revenue in the second quarter 2025?
Novanta (NOVT) reported revenue of $241M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +3% from the quarter before.
Was Novanta profitable in the second quarter 2025?
Operating profit was $14.9M (6.2% of revenue) and net earnings $4.5M.
Source: Novanta 10-Q on SEC EDGAR.