Filing Flows › Novanta (NOVT) › Q4 2025
Novanta (NOVT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Novanta (NOVT) reported revenue of $258M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 9.6%, net earnings $17.5M (6.8% of revenue).
Novanta, Q4 2025: revenue $258M (+8% year over year), operating margin 9.6%, net earnings $17.5M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +4% | +9% |
| Gross profit | $113M | +2% | +5% |
| Operating profit | $24.8M | +14% | -7% |
| Net earnings | $17.5M | +64% | +6% |
| Operating cash flow | $8.8M | +4% | -86% |
| Free cash flow | $5.1M | +22% | -91% |
What changed
Revenue was $258.3M in Q4 2025, up 9% year over year and up 4% from the previous quarter.
Gross margin was 43.8%, down 1.6 points from Q4 2024. Operating profit was $24.8M, a 9.6% margin (down 1.6 points year over year). Operating profit fell $1.9M even though revenue rose $20.3M versus Q4 2024, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 9%. The fastest-growing cost line was SG&A (+19%). Net earnings were $17.5M, up 6% year over year. The effective tax rate was 19.4%.
Operating cash flow was $8.8M (down 86% year over year), 50% of net earnings. Non-cash charges added back $17.1M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items used $34.0M. Capital expenditures of $3.7M left free cash flow of $5.1M.
Questions
What was Novanta's revenue in the fourth quarter 2025?
Novanta (NOVT) reported revenue of $258M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +4% from the quarter before.
Was Novanta profitable in the fourth quarter 2025?
Operating profit was $24.8M (9.6% of revenue) and net earnings $17.5M.
Source: Novanta 10-K on SEC EDGAR.