What is Novanta's deferred taxes?

Novanta (NOVT) reported deferred taxes of -$2.88M in Q1 2026.

How has Novanta's deferred taxes changed year-over-year?

Novanta's deferred taxes decreased by 20.2% year-over-year, from -$2.39M to -$2.88M.

What is the long-term trend for Novanta's deferred taxes?

Over 4 years (2021 to 2025), Novanta's deferred taxes has grown at a 20.4% compound annual growth rate (CAGR), from -$4.21M to -$8.85M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Novanta NOVT Deferred Taxes

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$14K+100%

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-$10.41M-555%

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$7.96M+1,464%

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Segments

By geography

See full

US-$12.61M-3.2%

Other financials

Income statement

See full

Revenue$257.7M+10.4%

Gross profit$113.6M+8.8%

Operating income$27.5M-15.1%

Net income$21.1M-0.5%

EPS (diluted)$0.51-13.6%

Balance sheet

See full

Cash & equivalents$388.8M+267%

Total debt$291.3M-34.2%

Total equity$1.3B+70.3%

Total assets$1.8B+29.9%

Cash flow

See full

Operating cash flow$51.6M+62.9%

CapEx$4.1M-3.4%

Free cash flow$47.5M+73.2%

Valuation

See full

Market cap$5.53B-8.3%

Enterprise value$5.43B-16.6%

P/E103×+17.5×

P/S5.5×-0.8×

Profitability

See full

Gross margin44.2%-0.5pp

Operating margin8.9%-3.5pp

Net margin5.3%-2.1pp

FCF margin6.8%-8.1pp

Returns & leverage

See full

Return on equity5.2%-4.6pp

Debt / equity0.2×-0.4×

Current ratio3.6×+1.0×

Where this comes from

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Novanta’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's deferred taxes?: Novanta (NOVT) reported deferred taxes of -$2.88M in Q1 2026.
How has Novanta's deferred taxes changed year-over-year?: Novanta's deferred taxes decreased by 20.2% year-over-year, from -$2.39M to -$2.88M.
What is the long-term trend for Novanta's deferred taxes?: Over 4 years (2021 to 2025), Novanta's deferred taxes has grown at a 20.4% compound annual growth rate (CAGR), from -$4.21M to -$8.85M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.