NovoCure annual free cash flow
2013
2014
2015
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2022
2023
2024
2025
NovoCure Free Cash Flow (FCF) History (NVCR)
NovoCure reported −$75.7M in free cash flow for fiscal 2025, a decrease of $6.5M from the previous fiscal year, with a free cash flow margin of −11.55%.
View full NovoCure company overviewNovoCure free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$75.7M | −$6.5M | — | −11.55% |
| 2024 | 2024-12-31 | −$69.2M | $31.2M | — | −11.44% |
| 2023 | 2023-12-31 | −$100.4M | −$109.9M | — | −19.72% |
| 2022 | 2022-12-31 | $9.4M | −$49.2M | −83.90% | +1.75% |
| 2021 | 2021-12-31 | $58.6M | −$25.6M | −30.40% | +10.95% |
| 2020 | 2020-12-31 | $84.2M | $68.0M | +421.72% | +17.03% |
| 2019 | 2019-12-31 | $16.1M | $24.7M | — | +4.59% |
| 2018 | 2018-12-31 | −$8.6M | $31.9M | — | −3.46% |
| 2017 | 2017-12-31 | −$40.5M | $72.8M | — | −22.88% |
| 2016 | 2016-12-31 | −$113.3M | −$8.7M | — | −136.65% |
| 2015 | 2015-12-31 | −$104.6M | −$29.5M | — | −315.99% |
| 2014 | 2014-12-31 | −$75.1M | −$20.2M | — | −484.78% |
| 2013 | 2013-12-31 | −$54.9M | — | — | −530.15% |
NovoCure quarterly free cash flow
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Q2.17
Q3.17
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Q2.18
Q3.18
Q4.18
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Q1.20
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Q1.21
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Q1.22
Q2.22
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Q2.23
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.2M | $22.6M | — | +0.66% |
| Q1 2026 | 2026-03-31 | −$18.7M | $27.6M | — | −10.73% |
| Q4 2025 | 2025-12-31 | −$22.9M | −$10.5M | — | −13.13% |
| Q3 2025 | 2025-09-30 | $14.9M | $15.2M | — | +8.92% |
| Q2 2025 | 2025-06-30 | −$21.4M | −$8.3M | — | −13.49% |
| Q1 2025 | 2025-03-31 | −$46.3M | −$2.9M | — | −29.86% |
| Q4 2024 | 2024-12-31 | −$12.4M | $9.0M | — | −7.68% |
| Q3 2024 | 2024-09-30 | −$307,000 | $26.3M | — | −0.20% |
| Q2 2024 | 2024-06-30 | −$13.2M | $16.5M | — | −8.76% |
| Q1 2024 | 2024-03-31 | −$43.4M | −$20.5M | — | −31.30% |
| Q4 2023 | 2023-12-31 | −$21.4M | −$11.2M | — | −15.98% |
| Q3 2023 | 2023-09-30 | −$26.6M | −$43.3M | — | −20.87% |
| Q2 2023 | 2023-06-30 | −$29.7M | −$41.3M | — | −23.54% |
| Q1 2023 | 2023-03-31 | −$22.8M | −$14.0M | — | −18.67% |
| Q4 2022 | 2022-12-31 | −$10.1M | −$10.3M | — | −7.89% |
| Q3 2022 | 2022-09-30 | $16.7M | −$4.4M | −20.78% | +12.76% |
| Q2 2022 | 2022-06-30 | $11.6M | −$11.9M | −50.62% | +8.26% |
| Q1 2022 | 2022-03-31 | −$8.8M | −$22.6M | — | −6.38% |
| Q4 2021 | 2021-12-31 | $130,000 | −$47.6M | −99.73% | +0.10% |
| Q3 2021 | 2021-09-30 | $21.1M | −$7.1M | −25.13% | +15.79% |
| Q2 2021 | 2021-06-30 | $23.6M | $14.1M | +149.88% | +17.64% |
| Q1 2021 | 2021-03-31 | $13.8M | $15.0M | — | +10.24% |
| Q4 2020 | 2020-12-31 | $47.7M | $43.8M | +1121.45% | +33.15% |
| Q3 2020 | 2020-09-30 | $28.2M | $16.0M | +131.06% | +21.25% |
| Q2 2020 | 2020-06-30 | $9.4M | $2.8M | +41.34% | +8.13% |
| Q1 2020 | 2020-03-31 | −$1.2M | $5.5M | — | −1.13% |
| Q4 2019 | 2019-12-31 | $3.9M | −$9.1M | −70.05% | +3.94% |
| Q3 2019 | 2019-09-30 | $12.2M | $7.9M | +184.69% | +13.25% |
| Q2 2019 | 2019-06-30 | $6.7M | $15.0M | — | +7.69% |
| Q1 2019 | 2019-03-31 | −$6.6M | $10.9M | — | −9.06% |
| Q4 2018 | 2018-12-31 | $13.0M | $21.4M | — | +18.73% |
| Q3 2018 | 2018-09-30 | $4.3M | $2.3M | +113.93% | +6.62% |
| Q2 2018 | 2018-06-30 | −$8.3M | −$2.1M | — | −13.57% |
| Q1 2018 | 2018-03-31 | −$17.6M | $10.4M | — | −33.69% |
| Q4 2017 | 2017-12-31 | −$8.3M | $6.0M | — | −15.49% |
| Q3 2017 | 2017-09-30 | $2.0M | $37.2M | — | +4.00% |
| Q2 2017 | 2017-06-30 | −$6.3M | $25.5M | — | −16.29% |
| Q1 2017 | 2017-03-31 | −$27.9M | $4.0M | — | −80.10% |
| Q4 2016 | 2016-12-31 | −$14.3M | $12.8M | — | −47.43% |
| Q3 2016 | 2016-09-30 | −$35.2M | −$11.9M | — | −162.46% |
| Q2 2016 | 2016-06-30 | −$31.7M | −$6.7M | — | −177.09% |
| Q1 2016 | 2016-03-31 | −$32.0M | −$2.9M | — | −244.99% |
| Q4 2015 | 2015-12-31 | −$27.2M | — | — | −219.45% |
| Q3 2015 | 2015-09-30 | −$23.3M | — | — | −260.27% |
| Q2 2015 | 2015-06-30 | −$25.0M | — | — | −382.07% |
| Q1 2015 | 2015-03-31 | −$29.1M | — | — | −558.28% |
NovoCure free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $84.2M to −$75.7M, a net decrease of $159.9M. NovoCure's latest reported quarter, Q2 2026, generated $1.2M in free cash flow, an increase of $22.6M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review NovoCure filings at SEC.gov ↗