NVMI financial statements

The full income statement, balance sheet, and cash-flow statement for Nova Ltd. (NVMI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2017-12 27.9M2018-12 27.9M2019-12 28.0M2020-12 28.2M2021-12 28.6M2022-12 28.7M2023-12 29.0M2024-12 29.3M2025-12 31.8M+13.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	881M YoY+31.0%	672M YoY+29.8%	518M YoY-9.3%	571M YoY+37.2%	416M YoY+54.5%
	505M YoY+30.5%	387M YoY+32.0%	293M YoY-7.5%	317M YoY+34.6%	235M YoY+55.8%
Cost of revenue	375M YoY+31.6%	285M YoY+26.9%	225M YoY-11.4%	254M YoY+40.5%	181M YoY+52.8%
	252M YoY+26.2%	200M YoY+24.0%	161M YoY-3.7%	167M YoY+35.7%	123M YoY+28.7%
Research & development	143M YoY+30.1%	110M YoY+25.2%	88.0M YoY-2.7%	90.5M YoY+37.4%	65.9M YoY+24.2%
Selling, general & administrative	26.1M YoY+8.0%	24.2M YoY+18.6%	20.4M YoY-14.5%	23.9M YoY+37.7%	17.3M YoY+38.4%
General & administrative	26.1M YoY+8.0%	24.2M YoY+18.6%	20.4M YoY-14.5%	23.9M YoY+37.7%	17.3M YoY+38.4%
Selling & marketing	82.2M YoY+26.3%	65.1M YoY+24.1%	52.5M YoY-0.5%	52.7M YoY+32.2%	39.9M YoY+32.6%
Amortization of intangibles	8.90M YoY+57.7%	5.64M YoY-3.7%	5.86M YoY-2.9%	6.03M YoY+145.4%	2.46M YoY-1.8%
Operating income	253M YoY+35.2%	188M YoY+41.8%	132M YoY-11.8%	150M YoY+33.4%	112M YoY+102.2%
Interest expense	2.00M YoY+55.9%	1.28M YoY-0.3%	1.28M YoY+0.2%	1.28M YoY-69.7%	4.23M YoY+387.2%
Net interest income	45.7M YoY+32.2%	34.5M YoY+52.6%	22.6M YoY+249.5%	6.48M YoY+195.3%	2.19M YoY-45.9%
Gain (loss) on equity securities	3.37M YoY+180.0%	1.20M YoY-76.9%	5.19M YoY+185.9%	-6.05M YoY-495.2%	-1.02M
Pre-tax income	303M YoY+40.2%	216M YoY+39.8%	155M YoY-2.3%	158M YoY+45.0%	109M YoY+93.4%
Income tax	44.1M YoY+35.5%	32.5M YoY+76.9%	18.4M YoY+1.1%	18.2M YoY+12.7%	16.2M YoY+88.1%
Net income	259M YoY+41.1%	184M YoY+34.8%	136M YoY-2.8%	140M YoY+50.6%	93.1M YoY+94.3%
	$7.96 YoY+38.4%	$5.75 YoY+34.3%	$4.28 YoY-3.4%	$4.43 YoY+42.0%	$3.12 YoY+89.1%
EPS (basic)	$8.61 YoY+36.5%	$6.31 YoY+33.4%	$4.73 YoY-3.3%	$4.89 YoY+49.1%	$3.28 YoY+91.8%
	—	—	—	28.7M YoY+1.1%	28.4M YoY+1.0%
	—	—	—	31.9M YoY+6.9%	29.8M YoY+3.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.41B YoY+56.4%	902M YoY+27.0%	710M YoY+15.9%	613M YoY+8.2%	567M YoY+1.4%
Cash & equivalents	214M YoY+35.9%	158M YoY+46.7%	108M YoY-3.2%	111M YoY-12.3%	127M YoY-45.5%
Short-term investments	322M YoY+48.4%	217M YoY+0.3%	216M YoY+29.4%	167M YoY-24.7%	222M YoY+15.8%
Accounts receivable	152M YoY+9.1%	139M YoY+25.2%	111M YoY+1.8%	109M YoY+59.7%	68.4M YoY+8.1%
Inventory	184M YoY+17.3%	157M YoY+13.3%	138M YoY+18.5%	117M YoY+48.2%	78.7M YoY+27.4%
Prepaid expenses	13.6M YoY+27.1%	10.7M YoY-2.4%	11.0M YoY+20.8%	9.11M YoY+106.4%	4.41M YoY+32.5%
Other current assets	26.7M YoY+37.1%	19.5M YoY+13.9%	17.1M YoY+26.3%	13.5M YoY+46.4%	9.24M YoY-5.5%
	2.36B YoY+69.8%	1.39B YoY+22.6%	1.13B YoY+15.2%	984M YoY+22.2%	805M YoY+22.8%
Property, plant & equipment	103M YoY+25.5%	81.7M YoY+22.2%	66.9M YoY+19.7%	55.9M YoY+62.2%	34.5M YoY+0.9%
Operating lease right-of-use	57.7M YoY+12.8%	51.2M YoY+22.3%	41.9M YoY-6.7%	44.9M YoY+46.6%	30.6M YoY+5.2%
Goodwill	90.8M YoY+87.9%	48.3M YoY-3.5%	50.1M YoY+2.2%	49.0M YoY+143.7%	20.1M YoY+0.0%
Intangible assets	45.8M YoY+45.7%	31.5M YoY-19.7%	39.2M YoY-10.1%	43.6M YoY+1575.7%	2.60M YoY-48.6%
Long-term investments	585M YoY+158.9%	226M YoY+18.0%	191M YoY+24.7%	153M YoY+11.7%	137M
Deferred tax assets	38.8M YoY+22.7%	31.6M YoY+34.2%	23.6M YoY+17.3%	20.1M YoY+226.2%	6.16M YoY+114.7%
Other non-current assets	15.6M YoY+65.7%	9.41M YoY+188.8%	3.26M YoY+240.5%	957K YoY+44.8%	661K YoY+43.1%
Total non-current assets	950M YoY+94.4%	488M YoY+15.3%	424M YoY+14.1%	371M YoY+55.5%	239M YoY+145.8%
	225M YoY-42.2%	388M YoY+20.3%	323M YoY+140.8%	134M YoY-53.4%	288M YoY+372.5%
Accounts payable	47.0M YoY-21.1%	59.6M YoY+69.5%	35.2M YoY-17.7%	42.7M YoY+18.0%	36.2M YoY+50.3%
Deferred revenue	67.2M YoY-7.9%	72.9M YoY+73.6%	42.0M YoY+37.4%	30.5M YoY+99.1%	15.3M YoY+225.2%
Current lease liability	8.20M YoY+14.4%	7.17M YoY+7.0%	6.70M YoY+12.3%	5.97M YoY+34.1%	4.45M YoY+20.2%
Other current liabilities	102M YoY+50.2%	68.0M YoY+64.8%	41.3M YoY-24.7%	54.8M YoY+12.2%	48.9M YoY+72.0%
	1.04B YoY+125.3%	463M YoY+20.8%	383M YoY-3.5%	397M YoY+19.8%	331M YoY+16.6%
Non-current lease liability	59.3M YoY+22.6%	48.4M YoY+21.6%	39.8M YoY-9.0%	43.7M YoY+30.6%	33.5M YoY+4.8%
Operating lease liability (total)	67.5M YoY+21.5%	55.5M YoY+19.5%	46.5M YoY-6.4%	49.7M YoY+31.0%	37.9M YoY+6.4%
Other non-current liabilities	12.8M YoY-10.4%	14.2M YoY+117.5%	6.54M YoY-9.0%	7.19M YoY+13.6%	6.33M YoY-28.7%
Total non-current liabilities	818M YoY+999.2%	74.4M YoY+23.5%	60.2M YoY-77.1%	263M YoY+505.2%	43.5M YoY-80.5%
	1.32B YoY+42.1%	928M YoY+23.6%	751M YoY+27.9%	587M YoY+23.9%	474M YoY+27.5%
Common stock	—	—	—	—	0.00 YoY-100.0%
Additional paid-in capital	254M YoY+88.5%	135M YoY-3.4%	140M YoY+15.1%	121M YoY-13.2%	140M YoY+8.2%
Retained earnings	1.06B YoY+32.5%	798M YoY+29.9%	614M YoY+28.5%	478M YoY+42.8%	335M YoY+38.5%
Accumulated other comprehensive income	6.55M YoY+223.6%	-5.30M YoY-59.4%	-3.33M YoY+73.4%	-12.5M YoY-1436.6%	-814K YoY-242.8%
Total liabilities & equity	2.36B YoY+69.8%	1.39B YoY+22.6%	1.13B YoY+15.2%	984M YoY+22.2%	805M YoY+22.8%
	31.8M YoY+8.5%	29.3M YoY+0.9%	29.0M YoY+1.2%	28.7M YoY+0.3%	28.6M YoY+1.4%
	31.8M YoY+8.5%	29.3M YoY+0.9%	29.0M YoY+1.2%	28.7M YoY+0.3%	28.6M YoY+1.4%
	—	29.3M YoY+0.9%	29.0M YoY+1.2%	28.7M YoY+0.3%	28.6M YoY+1.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	246M YoY+4.4%	235M YoY+90.5%	124M YoY+3.3%	120M YoY-9.6%	132M YoY+119.5%
Depreciation & amortization	22.4M YoY+28.7%	17.4M YoY+7.3%	16.2M YoY+10.6%	14.7M YoY+64.0%	8.93M YoY+6.6%
Intangible amortization	8.90M YoY+57.7%	5.64M YoY-3.7%	5.86M YoY-2.9%	6.03M YoY+145.4%	2.46M YoY-1.8%
Share-based compensation	26.3M YoY+4.3%	25.2M YoY+37.9%	18.3M YoY+9.8%	16.6M YoY+58.7%	10.5M YoY+50.9%
Deferred income taxes	-12.3M YoY-23.5%	-9.96M YoY-54.3%	-6.46M YoY+54.3%	-14.1M YoY-347.2%	-3.16M YoY-206.4%
Change in receivables	7.02M YoY-75.8%	29.1M YoY+2355.7%	1.18M YoY-96.3%	31.6M YoY+516.4%	5.13M YoY-56.2%
Change in inventory	19.0M YoY-20.5%	23.9M YoY-8.1%	26.0M YoY-11.3%	29.3M YoY+58.8%	18.5M YoY+13.4%
	-837M YoY-513.8%	-136M YoY-8.8%	-125M YoY-25.0%	-100M YoY+58.0%	-239M YoY-461.7%
Capital expenditure	27.7M YoY+60.9%	17.2M YoY+0.2%	17.2M YoY-19.4%	21.3M YoY+342.6%	4.82M YoY-25.3%
Free cash flow	218M YoY-0.1%	218M YoY+105.0%	106M YoY+8.3%	98.2M YoY-22.9%	127M YoY+136.8%
Acquisitions	56.4M	0.00	0.00 YoY-100.0%	78.5M	0.00
Sales/maturities of investments	305M YoY+25.3%	243M YoY+26.4%	193M YoY+139.6%	80.4M	—
	642M YoY+1428.4%	-48.3M YoY-483560.0%	10.0K YoY+100.0%	-29.8M YoY-271063.6%	11.0K YoY-100.0%
Long-term debt issued	750M	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	35.0M YoY+16.7%	30.0M YoY+26685.7%	112K YoY-99.5%	21.4M	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	—	—	—	—	622K YoY-54.1%
Net change in cash	57.0M YoY+13.5%	50.2M YoY+1310.6%	-4.15M YoY+72.3%	-15.0M YoY+85.8%	-106M YoY-152.7%
Income taxes paid	41.5M YoY+39.0%	29.9M YoY+11.3%	26.8M YoY+16.6%	23.0M YoY+73.4%	13.3M YoY+233.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	10.4B YoY+81.0%	5.77B YoY+46.3%	3.94B YoY+68.8%	2.33B YoY-44.2%	4.19B YoY+110.5%
P/E	40.3× YoY+28.3%	31.4× YoY+11.7%	28.1× YoY+12.1%	25.1× YoY-44.2%	45.0× YoY+8.3%
P/S	11.9× YoY+38.2%	8.6× YoY+24.2%	6.9× YoY+23.1%	5.6× YoY-44.2%	10.1× YoY+36.3%
P/B	7.9× YoY+27.4%	6.2× YoY-7.4%	6.7× YoY+36.2%	4.9× YoY-44.2%	8.8× YoY+65.1%
P/FCF	47.9× YoY+81.1%	26.4× YoY-34.1%	40.1× YoY+119.0%	18.3× YoY-44.2%	32.9× YoY-11.1%
	2.5% YoY-22.1%	3.2% YoY-10.4%	3.6% YoY-10.8%	4.0% YoY+79.4%	2.2% YoY-7.7%
	2.1% YoY-44.8%	3.8% YoY+51.7%	2.5% YoY-54.3%	5.5% YoY+79.4%	3.0% YoY+12.5%
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: NVMI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NVMI filings on SEC EDGAR → Not investment advice.