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Filing Flows › NovoCure (NVCR) › Q2 2026 › vs Q1 2026

NovoCure (NVCR) Q2 2026 vs Q1 2026 (quarter over quarter)

NovoCure's revenue rose $9.5M (+5%) from $174M in Q1 2026 to $184M in Q2 2026.

NovoCure, Q2 2026: revenue $184M (+16% year over year), operating margin -5.8%, net loss $15.7M, operating cash flow $8.1M. The chart draws each line against Q1 2026, the increases inside each band.

NovoCure: what changed, Q2 2026 vs Q1 2026NovoCure: what changed, Q2 2026 vs Q1 2026Net loss−$55.5MNet loss absorbed−$55.5MOperating costs−$47.3MShare-based compensation−$46.0MCosts & expenses−$46.0MGeneral & admin−$45.9MOperating cash sources−$33.8MOperating cash flow$21.6MFree cash flow (OCF − capex)$19.9MWorking capital & other$12.0M

Margins

Q2 2026Q1 2026Change
Free cash flow margin0.7%-10.7%+11.4 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$184M$174M$9.5M+5%
Net loss$15.7M$71.1M−$55.5M-78%
Costs & expenses$199M$245M−$46.0M-19%
Operating costs$194M$241M−$47.3M-20%
Interest & other, net$1.9M$1.8M$52K+3%
Income tax$3.2M$1.9M$1.3M+71%
Cost of revenue$41.1M$38.9M$2.2M+6%
Research & development$51.4M$58.3M−$6.9M-12%
Sales & marketing$61.7M$58.4M$3.3M+6%
General & admin$39.9M$85.9M−$45.9M-54%
Operating cash sources$23.8M$57.6M−$33.8M-59%
Depreciation & amortization$4.3M$4.1M$183K+4%
Share-based compensation$17.0M$63.0M−$46.0M-73%
Working capital & other$2.5M−$9.5M$12.0M—
Net loss absorbed$15.7M$71.1M−$55.5M-78%
Operating cash flow$8.1M−$13.5M$21.6M—
Free cash flow (OCF − capex)$1.2M−$18.7M$19.9M—
Capital expenditures$6.9M$5.2M$1.8M+34%

Questions

How much did NovoCure's revenue grow quarter over quarter in Q2 2026?

NovoCure's revenue rose $9.5M (+5%) from $174M in Q1 2026 to $184M in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →