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NovoCure

NVCR

NovoCure is a global oncology company that develops and commercializes a proprietary platform technology called Tumor Treating Fields (TTFields).

Market cap
$1.97B+60.8%
Revenue$699.2M+11.0%
Net income-$148.6M+13.1%
Free cash flow-$25.4M+68.4%
EPS (diluted)-$1.30+16.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$183.6M+15.6%
Gross profit$142.5M+21.4%
Operating income-$10.6M+73.3%
Net income-$15.7M+61.0%
EPS (diluted)-$0.13+63.9%

Balance sheet

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Cash & equivalents$93.7M-37.4%
Total debt$37.5M-12.4%
Total equity$338.1M-3.2%
Total assets$795.2M-36.2%

Cash flow

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Operating cash flow$8.1M+151%
CapEx$6.9M+26.1%
Free cash flow$1.2M+106%

Valuation & ratios

Valuation

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Market cap$1.97B+60.8%
Enterprise value$1.92B+60.4%
P/S2.8×+0.8×

Profitability

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Gross margin76.1%-0.3pp
Operating margin-22.1%-3.6pp
Net margin-21.2%-3.8pp
FCF margin-3.6%-1.5pp

Returns & leverage

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Return on equity-43.2%-4.0pp
Debt / equity0.1×0.0×
Current ratio2.9×+1.4×

Segments

By geography

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United States$103.0M
Germany$23.3M
France$21.3M
Japan$11.8M
Greater China$6.0M

Competitors

Profile

NovoCure is a global oncology company that develops and commercializes a proprietary platform technology called Tumor Treating Fields (TTFields). This therapy utilizes tuned electric fields to exert physical forces that disrupt cancer cell division, providing a non-invasive treatment modality for aggressive solid tumors. The company's primary value proposition is extending overall survival in patients with difficult-to-treat cancers without the systemic toxicity typically associated with chemotherapy.

Competitive position

NovoCure is the pioneer and leading provider of Tumor Treating Fields therapy, holding an extensive global patent portfolio that protects its unique physical mode of action against solid tumors.

GeographiesUnited States, Germany, France, Japan, Greater China, European Union
Customer segmentsOncology patients, Medical oncologists, Radiation oncologists, Hospitals
Business modelDirect-to-patient distribution, Lease-based recurring revenue, Licensing and Collaboration
SuppliersThird-party component manufacturers, Single-source material suppliers, Electronic medical device assembly partners
CustomersCancer patients, Specialty oncology clinics, Public and private healthcare payers, Government-mandated insurance programs
CountryJersey
Listed2015
Employees1.5K
CEOFrank Leonard
FilingsSEC EDGAR

Questions, answered.

What is NovoCure's market cap?
NovoCure (NVCR) has a market capitalization of $2.0B and trades on NASDAQ.
What is NovoCure's revenue and profitability?
NovoCure generated $699.2M in trailing twelve-month revenue with a net loss of $148.6M, representing a net margin of -21.2%. Gross margin stands at 76.1%, with free cash flow of -$25.4M. These figures are based on the Q2 2026 filing.
Who are NovoCure's competitors?
NovoCure's key competitors include Medtronic, Boston Scientific, Nuvation Bio Inc., and others. These companies compete in similar markets and product categories.
Who does NovoCure partner with?
NovoCure's notable partners include Zai Lab (Shanghai) Co., Ltd., Merck & Co., Inc., Roche.
Where is NovoCure headquartered?
NovoCure is headquartered in Jersey and employs approximately 1,453 people. It has been publicly traded since 2015.