Nova Ltd. (NVMI) Income Statement
NVMI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNVMI revenue and net income
Where NVMI's revenue goes
2025Each bar shows an amount and its share of revenue. NVMI kept 29.4% of revenue as net income.
NVMI profit margins
NVMI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.0% | +15.6% | +26.7% | +19.5% |
| Gross profit | +31.1% | +16.3% | +27.1% | +20.7% |
| Operating income | +35.2% | +19.1% | +35.5% | +36.2% |
| Net income | +41.1% | +22.7% | +40.2% | +32.3% |
| EPS (diluted) | +27.7% | +19.0% | +32.7% | +27.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NVMI quarterly EPS vs estimates
Nova beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.58).
NVMI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $880.6M | $672.4M | $517.9M | $570.7M | $416.1M | $269.4M | $224.9M | $251.1M | $222.0M | $163.9M |
| Cost of revenue | $373.1M | $285.3M | $224.7M | $248.3M | $178.8M | $116.5M | $103.1M | $105.9M | $90.8M | $88.6M |
| Gross profit | $507.5M | $387.1M | $293.2M | $322.4M | $237.4M | $152.9M | $121.8M | $145.2M | $131.2M | $75.3M |
| Research & development | $143.4M | $110.3M | $88.0M | $90.5M | $65.9M | $53.0M | $44.5M | $45.5M | $39.0M | $35.0M |
| Sales, general & admin | $108.3M | $89.3M | $72.9M | $76.0M | $56.7M | $41.8M | $38.3M | $36.7M | $31.9M | $27.6M |
| Total operating expenses | $254.0M | $199.5M | $160.9M | $172.5M | $125.0M | $97.4M | $85.4M | $84.8M | $73.4M | $65.1M |
| Operating income | $253.5M | $187.5M | $132.3M | $149.9M | $112.4M | $55.6M | $36.4M | $60.4M | $57.8M | $10.2M |
| Interest income | $45.7M | $34.5M | $15.3M | $6.5M | $2.2M | $4.1M | $4.6M | $3.0M | $2.3M | $1.2M |
| Interest expense | $2.3M | $1.6M | $1.5M | $1.5M | $4.4M | $959,000 | $99,000 | $87,000 | $112,000 | $1.2M |
| Income before taxes | $303.3M | $216.3M | $154.7M | $158.4M | $109.3M | $56.5M | $39.5M | $63.4M | $60.1M | $11.4M |
| Income taxes | $44.1M | $32.5M | $18.4M | $18.2M | $16.2M | $8.6M | $4.3M | $9.1M | $13.6M | $1.7M |
| Net income | $259.2M | $183.8M | $136.3M | $140.2M | $93.1M | $47.9M | $35.2M | $54.4M | $46.5M | $9.6M |
| EBITDA | $278.1M | $235.3M | $172.4M | $174.5M | $122.4M | $65.7M | $47.5M | $68.1M | $64.0M | $16.8M |
| EPS (diluted) | $8.53 | $6.68 | $4.88 | $5.06 | $3.84 | $2.07 | $1.60 | $2.11 | $1.94 | $1.09 |
| Gross margin | 57.6% | 57.6% | 56.6% | 56.5% | 57.0% | 56.8% | 54.2% | 57.8% | 59.1% | 45.9% |
| Operating margin | 28.8% | 27.9% | 25.5% | 26.3% | 27.0% | 20.6% | 16.2% | 24.1% | 26.0% | 6.2% |
| Net margin | 29.4% | 27.3% | 26.3% | 24.6% | 22.4% | 17.8% | 15.6% | 21.7% | 20.9% | 5.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.0M | $235.3M | $222.6M | $224.6M | $220.0M | $213.4M | $194.8M | $179.0M | $156.9M | $141.8M | $134.2M | $128.8M |
| Cost of revenue | $110.8M | $99.6M | $94.4M | $97.2M | $92.7M | $91.1M | $84.8M | $77.6M | $64.3M | $58.5M | $60.2M | $56.6M |
| Gross profit | $144.2M | $135.7M | $128.2M | $127.4M | $127.2M | $122.3M | $109.9M | $101.3M | $92.6M | $83.3M | $74.0M | $72.2M |
| Research & development | $39.3M | $37.1M | $38.0M | $36.7M | $35.4M | $33.2M | $30.9M | $29.1M | $25.5M | $24.8M | $21.3M | $21.4M |
| Sales, general & admin | $28.7M | $27.8M | $29.5M | $26.8M | $26.2M | $25.8M | $23.6M | $23.0M | $21.4M | $21.3M | $19.1M | $16.7M |
| Total operating expenses | $68.0M | $64.9M | $67.5M | $63.6M | $61.6M | $59.1M | $54.5M | $52.1M | $46.9M | $46.0M | $40.4M | $38.1M |
| Operating income | $76.2M | $70.8M | $60.7M | $63.9M | $65.6M | $63.2M | $55.5M | $49.2M | $45.6M | $37.2M | $33.7M | $34.1M |
| Interest income | $12.9M | $13.0M | $8.0M | $9.5M | $15.2M | $12.9M | $9.6M | $11.0M | $8.0M | $6.0M | $7.5M | $4.8M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.3M | — |
| Income before taxes | $89.1M | $83.9M | $72.9M | $73.4M | $80.8M | $76.2M | $59.2M | $60.3M | $53.6M | $43.2M | $40.9M | $38.9M |
| Income taxes | $14.1M | $14.6M | $8.2M | $12.0M | $12.5M | $11.3M | $8.7M | $9.0M | $8.4M | $6.4M | $2.9M | $5.3M |
| Net income | $75.0M | $69.3M | $64.7M | $61.4M | $68.3M | $64.8M | $50.5M | $51.3M | $45.1M | $36.9M | $38.1M | $33.7M |
| EBITDA | $82.2M | $89.7M | $79.2M | $79.1M | $86.3M | $81.1M | $63.5M | $64.6M | $57.9M | $47.6M | $45.2M | $43.2M |
| EPS (diluted) | $2.35 | $2.33 | $2.14 | $2.16 | $2.05 | $2.18 | $1.94 | $1.74 | $1.61 | $1.39 | $1.36 | $1.23 |
| Gross margin | 56.5% | 57.7% | 57.6% | 56.7% | 57.8% | 57.3% | 56.4% | 56.6% | 59.0% | 58.7% | 55.1% | 56.1% |
| Operating margin | 29.9% | 30.1% | 27.3% | 28.4% | 29.8% | 29.6% | 28.5% | 27.5% | 29.1% | 26.2% | 25.1% | 26.5% |
| Net margin | 29.4% | 29.4% | 29.1% | 27.3% | 31.0% | 30.4% | 25.9% | 28.7% | 28.8% | 26.0% | 28.4% | 26.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NVMI's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NVMI financial results
In fiscal year 2025 (ended December 31, 2025), Nova reported revenue of $880.6 million, up 31.0% from the year before. It had net income of $259.2 million (up 41.1%), a net profit margin of 29.4%. Diluted earnings per share came to $8.53. Over five years revenue grew at an average rate of 26.7% a year.
See the NVMI stock overview for the latest quote and news, or the NVMI chart for price history and technical indicators.
NVMI income statement FAQ
What is Nova's annual revenue?
Nova reported total revenue of $880.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 31.0% from $672.4 million the previous year.
Is Nova profitable?
Yes. Nova reported net income of $259.2 million in fiscal 2025, a net profit margin of 29.4%; its operating margin was 28.8%.
What is Nova's gross margin?
Nova's gross margin was 57.6% in fiscal 2025: for every $100 of revenue, Nova kept $58 after the direct cost of its products and services.
How much does Nova spend on research and development?
Nova spent $143.4 million on research and development in fiscal 2025, 16.3% of revenue.
How fast is Nova growing?
Revenue grew 26.7% a year on average over the last five fiscal years, from $269.4 million to $880.6 million.
What are Nova's earnings per share?
Nova earned $8.53 per diluted share in fiscal 2025, compared with $6.68 a year earlier.
When will Nova report its next earnings?
Nova is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Nova's fiscal year end?
Nova's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.