Filing Flows › Novanta (NOVT) › Q3 2025
Novanta (NOVT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Novanta (NOVT) reported revenue of $248M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +3% from the quarter before. Operating margin was 8.8%, net earnings $10.7M (4.3% of revenue).
Novanta, Q3 2025: revenue $248M (+1% year over year), operating margin 8.8%, net earnings $10.7M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $248M | +3% | +1% |
| Gross profit | $111M | +4% | +2% |
| Operating profit | $21.8M | +47% | -33% |
| Net earnings | $10.7M | +137% | -44% |
| Operating cash flow | $8.5M | -44% | -63% |
| Free cash flow | $4.2M | -64% | -78% |
What changed
Revenue was $247.8M in Q3 2025, up 1% year over year and up 3% from the previous quarter. Automation Enabling Technologies was the largest line at 51% of revenue. Medical Solutions added $6.8M year over year (up 6%), 199% of the total change. Automation Enabling Technologies declined 3%.
Gross margin was 44.8%, up 0.1 points from a year earlier. Operating profit was $21.8M, a 8.8% margin (down 4.5 points year over year). Operating profit fell $10.7M even though revenue rose $3.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $10.7M, down 44% year over year. The effective tax rate was 32.4%.
Operating cash flow was $8.5M (down 63% year over year), 80% of net earnings. Non-cash charges added back $15.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $24.6M. Capital expenditures of $4.3M left free cash flow of $4.2M.
Questions
What was Novanta's revenue in the third quarter 2025?
Novanta (NOVT) reported revenue of $248M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +3% from the quarter before.
Was Novanta profitable in the third quarter 2025?
Operating profit was $21.8M (8.8% of revenue) and net earnings $10.7M.
Source: Novanta 10-Q on SEC EDGAR.