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Novanta NOVT US State Credits — Tax Credit Carryforward Amount

Other geography segments

US Federal Foreign Tax Credits
$500K0.0%

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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

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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:TaxCreditCarryforwardAmount.

The official record: Novanta’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's US state credits — tax credit carryforward amount?
Novanta (NOVT) reported US state credits — tax credit carryforward amount of $2.7M in Q4 2025.
What does US state credits — tax credit carryforward amount mean?
This metric represents the total value of accumulated tax credits generated by operations within specific US states that have not yet been utilized to offset tax liabilities. It reflects the potential future tax savings available to the company based on regional economic incentives and regulatory programs. Monitoring this balance helps investors assess the company's ability to reduce its effective tax rate through the strategic application of state-level tax assets.