NOVT: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	981m	949m
Cost of revenue	545m	528m
Gross profit	435m	422m
Research and development	95m	96m
Selling, general and administrative	196m	176m
Operating expenses	341m	311m
Operating income	94m	111m
Pre-tax income	70m	79m
Income tax	16m	15m
Net income	54m	64m
Earnings per share	1.47	1.78
Earnings per share, diluted	1.47	1.77
Weighted average shares	37m	36m
Weighted average shares, diluted	37m	36m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	389m	381m	89m	110m	106m	114m	93m	98m
Receivables	174m	185m	171m	161m	164m	151m	165m	145m
Inventory	193m	188m	180m	168m	145m	145m	154m	160m
Current assets	787m	783m	468m	462m	434m	434m	437m	425m
Property, plant and equipment	117m	118m	120m	119m	113m	113m	120m	115m
Goodwill	643m	647m	648m	649m	589m	584m	594m	587m
Total assets	1.80bn	1.81bn	1.51bn	1.51bn	1.39bn	1.39bn	1.42bn	1.40bn
Current liabilities	221m	212m	187m	182m	170m	168m	157m	153m
Short-term debt	40m	38m	6m	5m	5m	5m	5m	5m
Long-term debt	201m	213m	446m	454m	385m	412m	453m	477m
Total liabilities	488m	493m	704m	710m	616m	643m	677m	697m
Equity	1.31bn	1.31bn	801m	801m	770m	746m	742m	702m
Shares outstanding	36m	36m	36m	36m	36m	36m	36m	36m
Shares issued	36m	36m	36m	36m	36m	36m	36m	36m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	64m	159m
Depreciation and amortisation	62m	56m
Share-based compensation	30m	23m
Capital expenditure	16m	17m
Investing cash flow	−74m	−208m
Share buybacks	39m	—
Financing cash flow	276m	57m