Company / R&D Expense
NOVANTA INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$91.7M
FY2025
5-year range
$56.0M / $91.7M
FY2021-FY2025
Trend
+6.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has increased for 9 consecutive years, from $29M in FY2016 to $92M in FY2025.
Based on SEC 10-K filings.
$92M in FY2025 with a 5-year CAGR of +12.4%.
Improved from $73M to $92M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +14.5%
- 5-Year CAGR
- +12.4%
- 10-Year CAGR
- -
Key checks
Key Insights
- NOVANTA INC's r&d expense has grown for 9 consecutive years.
- 5-year CAGR of +12.4%, indicating consistent growth.
- In FY2025, r&d expense increased 6.9% year-over-year.
- Lowest r&d expense in the period was in FY2016.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $91.7M | +6.9% |
| FY2024 | $85.8M | +18.3% |
| FY2023 | $72.5M | +18.9% |
| FY2022 | $61.0M | +9.0% |
| FY2021 | $56.0M | +9.7% |
| FY2020 | $51.0M | +22.4% |
| FY2019 | $41.7M | +30.2% |
| FY2018 | $32.0M | +3.1% |
| FY2017 | $31.0M | +7.2% |
| FY2016 | $29.0M | +21.7% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026