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NovoCure NVCR Operating Income

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Other financials

Income statement

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Revenue$183.6M+15.6%
Gross profit$142.5M+21.4%
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

Reported directly by NovoCure in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
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
Operating income (loss)(10,562)(39,521)(77,982)(77,386)(153,800)
Financial income (expenses), net(1,890)4,542(3,728)12,11217,550
Income (loss) before income tax(12,452)(34,979)(81,710)(65,274)(136,250)
Income tax3,2065,1605,0869,184(23)
Net income (loss)$(15,658)$(40,139)$(86,796)$(74,458)$(136,227)

Item 1. Financial Statements

FAQ

What is NovoCure's operating income?
NovoCure (NVCR) reported operating income of -$10.56M in Q2 2026.
How has NovoCure's operating income changed year-over-year?
NovoCure's operating income increased by 73.3% year-over-year, from -$39.52M to -$10.56M.
What is the long-term trend for NovoCure's operating income?
Over 4 years (2021 to 2025), NovoCure's operating income has grown at a 36.5% compound annual growth rate (CAGR), from -$44.33M to -$153.8M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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