NovoCure Limited financials
Source: EDGAR filings · Built 2026-06-02T03:41:57Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -75.68M | -69.22M | -100.43M | 9.43M | 58.59M | 84.18M |
| EBITDA | -139.15M | -159.26M | -221.90M | -78.90M | -34.08M | 39.55M |
| Working Capital | 423.50M | 350.18M | 855.29M | 952.75M | 930.92M | 885.83M |
| Net Debt | 154.81M | 422.27M | 363.64M | 474.75M | 373.10M | 216.01M |
| Gross Margin | 74.54% | 77.33% | 74.81% | 78.64% | 78.53% | 78.46% |
| Operating Margin | -23.47% | -28.17% | -45.72% | -16.64% | -8.29% | 6.15% |
| Net Margin | -20.79% | -27.86% | -40.65% | -17.20% | -10.91% | 4.01% |
| Return on Equity (ROE) | -40.01% | -46.82% | -57.12% | -20.97% | -14.21% | 4.16% |
| Return on Assets (ROA) | -16.94% | -13.59% | -18.06% | -7.77% | -5.12% | 1.88% |
| Current Ratio | 2.90× | 1.46× | 5.78× | 7.00× | 7.53× | 8.80× |
| Debt-to-Equity | 0.73× | 1.63× | 1.67× | 1.34× | 1.42× | 0.95× |
| Effective Tax Rate | 0.02% | -28.56% | -7.98% | -13.06% | -12.05% | -9.42% |
| Cash Conversion Ratio | 0.36× | 0.16× | 0.35× | -0.33× | -1.42× | 5.01× |
| Accruals Ratio | -0.11× | -0.11× | -0.12× | -0.10× | -0.12× | -0.08× |
| SBC % of Revenue | 16.00% | 26.44% | 22.70% | 19.89% | 17.74% | 15.32% |
| CapEx Coverage | -1.84× | -0.62× | -2.71× | 1.44× | 3.42× | 6.62× |
| Free Cash Flow Per Share | $-0.68 | $-0.64 | $-0.94 | $0.09 | $0.57 | $0.77 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | — | 961.33× |
| P/FCF | — | — | — | 814.10× | 132.56× | 223.80× |
| FCF Yield | — | — | — | 0.12% | 0.75% | 0.45% |
| EV / EBITDA | — | — | — | — | — | 453.19× |
| P/S | 2.22× | 5.34× | 3.14× | 14.33× | 14.59× | 35.82× |
| P/B | 4.27× | 8.98× | 4.41× | 17.47× | 19.02× | 37.16× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 655.35M | 605.22M | 509.34M | 537.84M | 535.03M | 494.37M |
| Cost of Revenue | 166.88M | 137.18M | 128.28M | 114.87M | 114.88M | 106.50M |
| Gross Profit | 488.47M | 468.04M | 381.06M | 422.97M | 420.15M | 387.87M |
| Research and Development Expense | 224.54M | 209.65M | 223.06M | 206.09M | 201.30M | 132.01M |
| Operating Expenses | 642.27M | 638.53M | 613.93M | 512.50M | 464.49M | 357.46M |
| Operating Income (Loss) | -153.80M | -170.50M | -232.87M | -89.52M | -44.33M | 30.40M |
| Income Tax Expense (Benefit) | -23.00K | 37.47M | 15.30M | 10.69M | 6.28M | -1.71M |
| Net Income (Loss) Attributable to Parent | -136.23M | -168.63M | -207.04M | -92.53M | -58.35M | 19.81M |
| Earnings Per Share, Basic | $-1.22 | $-1.56 | $-1.95 | $-0.88 | $-0.56 | $0.20 |
| Weighted Average Number of Shares Outstanding, Basic | 111.47M | 107.83M | 106.39M | 104.66M | 103.43M | 100.93M |
| Earnings Per Share, Diluted | $-1.22 | $-1.56 | $-1.95 | $-0.88 | $-0.56 | $0.18 |
| Weighted Average Number of Shares Outstanding, Diluted | 111.47M | 107.83M | 106.39M | 104.66M | 103.43M | 108.88M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 93.55M | 163.77M | 240.82M | 115.33M | 208.80M | 234.67M |
| Assets, Current | 646.73M | 1.11B | 1.03B | 1.11B | 1.07B | 999.44M |
| Assets | 804.33M | 1.24B | 1.15B | 1.19B | 1.14B | 1.05B |
| Long-term Debt | — | — | 568.82M | 565.51M | 562.22M | 429.90M |
| Liabilities, Current | 223.23M | 756.39M | 179.12M | 158.78M | 142.60M | 113.61M |
| Long-term Debt, Excluding Current Maturities | 195.05M | 97.30M | 568.82M | 565.51M | 562.22M | 429.90M |
| Liabilities | 463.86M | 880.61M | 783.63M | 750.48M | 729.00M | 575.46M |
| Stockholders' Equity Attributable to Parent | 340.47M | 360.18M | 362.50M | 441.17M | 410.49M | 476.53M |
| Common Stock, Shares, Outstanding | 112.49M | 108.52M | 107.08M | 105.05M | 103.97M | 102.33M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -49.03M | -26.37M | -73.34M | 30.79M | 82.76M | 99.15M |
| Payments to Acquire Property, Plant, and Equipment | 26.65M | 42.85M | 27.09M | 21.36M | 24.17M | 14.97M |
| Net Cash Provided by (Used in) Investing Activities | 437.28M | -140.24M | 184.15M | -139.96M | -144.83M | -472.85M |
| Net Cash Provided by (Used in) Financing Activities | -451.34M | 90.31M | 15.79M | 15.49M | 25.70M | 440.21M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -18.67M | -22.90M | 14.92M | -21.42M | -46.28M | -12.39M |
| EBITDA | -63.30M | -36.17M | -32.36M | -36.08M | -34.54M | -60.20M |
| Working Capital | 414.08M | 423.50M | 423.85M | 333.67M | 346.00M | 350.18M |
| Net Debt | -48.05M | 154.81M | 261.18M | 453.02M | 472.00M | 422.27M |
| Gross Margin | 77.63% | 75.82% | 73.25% | 73.89% | 75.15% | 79.25% |
| Operating Margin | -38.73% | -23.17% | -21.54% | -24.89% | -24.43% | -39.25% |
| Net Margin | -40.87% | -14.05% | -22.29% | -25.28% | -22.14% | -40.88% |
| Return on Equity (ROE) | -21.51% | -7.20% | -10.92% | -11.49% | -9.48% | -18.30% |
| Return on Assets (ROA) | -9.03% | -3.05% | -2.74% | -3.22% | -2.75% | -5.31% |
| Current Ratio | 2.90× | 2.90× | 1.55× | 1.45× | 1.47× | 1.46× |
| Debt-to-Equity | 0.12× | 0.73× | 1.77× | 1.72× | 1.66× | 1.63× |
| Effective Tax Rate | -2.71% | 40.18% | -24.14% | -14.75% | -13.28% | -19.41% |
| Cash Conversion Ratio | 0.19× | 0.73× | -0.55× | 0.40× | 1.04× | 0.05× |
| Accruals Ratio | -0.07× | -0.01× | -0.04× | -0.02× | 0.00× | -0.05× |
| SBC % of Revenue | 36.20% | 11.37% | 17.54% | 16.46% | 19.07% | 38.92% |
| CapEx Coverage | -2.62× | -3.68× | 3.64× | -2.90× | -3.36× | -0.39× |
| Free Cash Flow Per Share | $-0.16 | $-0.21 | $0.13 | $-0.19 | $-0.42 | $-0.11 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 174.06M | 174.35M | 167.20M | 158.81M | 154.99M | 161.27M |
| Cost of Revenue | 38.93M | 42.16M | 44.73M | 41.47M | 38.52M | 33.47M |
| Gross Profit | 135.13M | 132.19M | 122.47M | 117.33M | 116.47M | 127.80M |
| Research and Development Expense | 58.34M | 60.91M | 54.03M | 55.83M | 53.78M | 51.21M |
| Operating Expenses | 202.55M | 172.59M | 158.50M | 156.85M | 154.34M | 191.10M |
| Operating Income (Loss) | -67.42M | -40.39M | -36.02M | -39.52M | -37.87M | -63.30M |
| Income Tax Expense (Benefit) | 1.88M | -16.45M | 7.25M | 5.16M | 4.02M | 10.72M |
| Net Income (Loss) Attributable to Parent | -71.14M | -24.50M | -37.27M | -40.14M | -34.32M | -65.92M |
| Earnings Per Share, Basic | $-0.62 | $-0.22 | $-0.33 | $-0.36 | $-0.31 | $-0.61 |
| Weighted Average Number of Shares Outstanding, Basic | 114.15M | 111.47M | 111.91M | 111.57M | 110.28M | 107.83M |
| Earnings Per Share, Diluted | $-0.62 | $-0.22 | $-0.33 | $-0.36 | $-0.31 | $-0.61 |
| Weighted Average Number of Shares Outstanding, Diluted | 114.15M | 111.47M | 111.91M | 111.57M | 110.28M | 107.83M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.53M | 93.55M | 342.12M | 149.62M | 127.28M | 163.77M |
| Assets, Current | 631.66M | 646.73M | 1.20B | 1.08B | 1.09B | 1.11B |
| Assets | 787.93M | 804.33M | 1.36B | 1.25B | 1.25B | 1.24B |
| Liabilities, Current | 217.58M | 223.23M | 776.01M | 749.63M | 743.30M | 756.39M |
| Long-term Debt, Excluding Current Maturities | — | 195.05M | — | — | — | 97.30M |
| Liabilities | 457.21M | 463.86M | 1.02B | 896.43M | 886.85M | 880.61M |
| Stockholders' Equity Attributable to Parent | 330.72M | 340.47M | 341.33M | 349.44M | 361.96M | 360.18M |
| Common Stock, Shares, Outstanding | 115.82M | 112.49M | 111.98M | 111.80M | 111.48M | 108.52M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -13.52M | -18.00M | 20.57M | -15.94M | -35.66M | -3.45M |
| Payments to Acquire Property, Plant, and Equipment | 5.15M | 4.90M | 5.66M | 5.49M | 10.61M | 8.94M |
| Net Cash Provided by (Used in) Investing Activities | 7.75M | 336.33M | 71.44M | 35.99M | -6.47M | -22.21M |
| Net Cash Provided by (Used in) Financing Activities | -166.00K | -559.49M | 100.52M | 2.39M | 5.25M | 2.69M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (NVCR CIK 0001645113),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.