What is Novanta's R&D?

Novanta (NOVT) reported R&D of $23.25M in Q1 2026.

How has Novanta's R&D changed year-over-year?

Novanta's R&D increased by 0.1% year-over-year, from $23.24M to $23.25M.

What is the long-term trend for Novanta's R&D?

Over 4 years (2021 to 2025), Novanta's R&D has grown at a 7.1% compound annual growth rate (CAGR), from $72.52M to $95.48M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Novanta NOVT R&D

R&D at other companies

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$185.99M+23.4%

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$361.9M+14.5%

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$35.1M+25.2%

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$30.09M+5.9%

Regal RexnordRRX

$49.68M+12.6%

Segments

By segment

See full

Medical Solutions$14.25M+2.1%

Automation Enabling Technologies$9.03M-4.3%

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

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%

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

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Novanta (NOVT) reported R&D of $23.25M in Q1 2026.
How has Novanta's R&D changed year-over-year?: Novanta's R&D increased by 0.1% year-over-year, from $23.24M to $23.25M.
What is the long-term trend for Novanta's R&D?: Over 4 years (2021 to 2025), Novanta's R&D has grown at a 7.1% compound annual growth rate (CAGR), from $72.52M to $95.48M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.