Novonix Limited

NVXNASDAQIndustrials● Active

$0.61

+$0.01(+1.67%)

Market Cap$91106811

P/E Ratio—

52W High$3.86

52W Low$0.589

Avg Volume337K

Open$0.61

Beta0.91

Free Cash Flow Financials Revenue

Novonix Limited (NVX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NVX · free cash flow · updated Jun 8, 2026

Core FCF metrics

NVX · FCF · TTM · margin & CAGR

Free cash flow was −$102.4M for FY2025 (fiscal year ending 2025-12-31), down 45.7% year-over-year

FY2025 Free Cash Flow−$102.4M▼ -45.7% YoY

Trailing 12M (TTM)−$172.6Mtrailing 4 quarters sum

FCF Margin< −999%−$102.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NVX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$42.2M(60M)−$102.4M▼ 45.7%—

FY2024−$40.4M(30M)−$70.3M▼ 26.9%—

FY2023−$36.2M(19M)−$55.4M▼ 86.9%-688.1%

FY2022−$13.1M(17M)−$29.6M▲ +73.8%-791.3%

FY2022−$29.2M(84M)−$113.0M▼ 340.4%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NVX · P/FCF · FCF yield · FCF per share

Novonix Limited (NVX) reported negative free cash flow of −$0.10B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NVX · cash flow statement · operating / investing / financing

For FY2025, Novonix Limited generated −$42.2M in operating cash flow and spent 60M in capital expenditures, yielding −$102.4M in free cash flow.

Operating Activities

−$42.2M

Cash from core business operations

2025-12-31

Investing Activities

−$32.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$110.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$42.2M) − |CapEx| (60M) = FCF (−$102.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

NVX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Novonix LimitedYOU

NVX

−$102.4M-45.7%-1822.5%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Novonix Limited (NVX) reported free cash flow of −$102.4M for FY2025 (fiscal year ending 2025-12-31), down 45.7% year-over-year.

Novonix Limited has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 12 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NVX free cash flow · 8 questions

Novonix Limited free cash flow was −$102.4M for FY2025, down 45.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$172.6M.

NVX free cash flowNVX FCFNVX FCF 2025NVX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Novonix Limited · Novonix Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026