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NovoCure NVCR Gross Profit

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Other financials

Income statement

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Revenue$183.6M+15.6%
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

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Market cap$1.91B+56.6%
Enterprise value$1.85B+66.6%
P/S2.7×+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×

Where this comes from

Calculated from NovoCure’s reported figures.

The source filing: NovoCure’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 6:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001645113-26-000062
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025Year ended December 31, 2025
Net revenues$183,584$158,805$357,639$313,799$655,353
Cost of revenues41,10641,47280,03579,993166,879
Gross profit142,478117,333277,604233,806488,474
Operating costs and expenses:
Research, development and clinical studies51,44855,833109,784109,610224,544
Sales and marketing61,68457,066120,041112,858240,064
General and administrative39,90843,955125,76188,724177,666
Total operating costs and expenses153,040156,854355,586311,192642,274

Item 1. Financial Statements

FAQ

What is NovoCure's gross profit?
NovoCure (NVCR) reported gross profit of $142.48M in Q2 2026.
How has NovoCure's gross profit changed year-over-year?
NovoCure's gross profit increased by 21.4% year-over-year, from $117.33M to $142.48M.
What is the long-term trend for NovoCure's gross profit?
Over 4 years (2021 to 2025), NovoCure's gross profit has grown at a 3.8% compound annual growth rate (CAGR), from $420.15M to $488.47M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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