What is Novanta's net debt?

Novanta (NOVT) reported net debt of -$97.46M in Q1 2026.

How has Novanta's net debt changed year-over-year?

Novanta's net debt decreased by 129.0% year-over-year, from $336.49M to -$97.46M.

What is the long-term trend for Novanta's net debt?

Over 5 years (2020 to 2025), Novanta's net debt has grown at a -9.7% compound annual growth rate (CAGR), from $130M to -$78.14M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Novanta NOVT Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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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

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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

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Operating cash flow$51.6M+62.9%

CapEx$4.1M-3.4%

Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%

Profitability

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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

Calculated from Novanta’s reported figures.

$291.3Mtotal debt−$388.8Mcash and equivalents=-$97.46M

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 net debt?: Novanta (NOVT) reported net debt of -$97.46M in Q1 2026.
How has Novanta's net debt changed year-over-year?: Novanta's net debt decreased by 129.0% year-over-year, from $336.49M to -$97.46M.
What is the long-term trend for Novanta's net debt?: Over 5 years (2020 to 2025), Novanta's net debt has grown at a -9.7% compound annual growth rate (CAGR), from $130M to -$78.14M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.