Novonix annual r&d spending
2020
2021
2022
2022
2023
2024
2025
Novonix R&D Spending Growth & History (NVX)
Novonix's r&d spending was $5.7M for fiscal 2025.
View full Novonix company overviewNovonix annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.7M | $821,016 | +16.93% |
| 2024 | 2024-12-31 | $4.8M | −$901,003 | −15.67% |
| 2023 | 2023-12-31 | $5.8M | $3.7M | +184.59% |
| 2022 · Dec 31 | 2022-12-31 | $2.0M | — | — |
| 2022 · Jun 30 | 2022-06-30 | $5.1M | $3.0M | +143.79% |
| 2021 | 2021-06-30 | $2.1M | $468,613 | +28.85% |
| 2020 | 2020-06-30 | $1.6M | — | — |
Novonix r&d spending trends
Between the periods ended 2020-06-30 and 2025-12-31, Novonix's r&d spending increased from $1.6M to $5.7M, a change of $4.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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