Short answer
NOVANTA INC (NOVT) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 26, 2025. Quarterly revenue was $248M (up 1.4% year over year) with net income of $11M.
Q3 2025 key financials · XBRL
- Revenue
- $248M
- +1.4% YoY · +2.8% QoQ
- Net income
- $11M
- −44.5% YoY · +136.9% QoQ
- Operating margin
- 8.8%
- Gross margin
- 44.8%
- EPS (diluted)
- $0.30
- −43.4% YoY · +150.0% QoQ
Source: XBRL data from the NOVANTA INC (NOVT) Q3 2025 10-Q on SEC EDGAR. USD.
NOVANTA INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New liquidity risk due to €65.3M Euro and $75M U.S. Term Loans maturing June 2030 with scheduled repayments starting Sept 2025 and Sept 2026
- Increased financial risk from $150.4M term loans and $306.6M revolver outstanding, with Euro and USD borrowings totaling $162.9M and $294.1M respectively
- Operational risk from subsidiaries holding $58.0M of $89.2M cash outside Canada/U.S., restricted in dividends/assets transfer due to local laws
- Market risk from share repurchase plans, including new $200M 2025 Plan approved but no shares repurchased yet, impacting capital allocation flexibility
- Legal/compliance risk from credit agreement covenants with max leverage ratio 3.50 (actual 1.89) and fixed charge coverage ratio minimum 1.25 (actual 5.65)
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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