Novanta NOVT US State Credits — Tax Credit Carryforward Amount
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Where this comes from
Reported directly by Novanta in its filing.
Tagged under the XBRL concept us-gaap:TaxCreditCarryforwardAmount.
The source filing: Novanta’s 10-K, filed February 23, 2026.
- Filed
- Feb 23, 2026, 4:57 PM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-064230
As of December 31, 2025, the Company had tax credit carryforwards of approximately $5.8 million, before accounting for $1.0 million of uncertain tax positions recorded against the credit carryforward. Approximately $1.5 million relate to U.S. Federal credits which will expire in 2045, and $2.7 million relate to U.S. state credits and will expire through 2046, and on which the Company maintains a full valuation allowance. $0.5 million relates to the U.S. Federal foreign tax credits which will expire through 2034, and on which the Company maintains a full valuation allowance. Approximately $0.4 million relate to other foreign jurisdictions. The remaining $0.7 million tax credit carryforwards were related to Canada and can be carried forward indefinitely. The Canadian credit carryforwards also have a full valuation allowance recorded against them.
Item 8. Financial Statements and Supplementary Data
FAQ
- 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.
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