Company / R&D Expense
Novanta R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$95.5M
FY2025
5-year range
$72.5M / $95.5M
FY2021-FY2025
Trend
-0.0%
vs FY2024
Sector context
#187 of 255
Information Technology
What the data says
At $95M, Novanta's r&d expense ranks #187 of 255 in the Information Technology sector. Improved from $92M to $95M over the past 2 years.
Based on SEC 10-K filings.
$95M in FY2025 with a 5-year CAGR of +9.4%.
Improved from $92M to $95M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +3.6%
- 5-Year CAGR
- +9.4%
- 10-Year CAGR
- -
Sector benchmark
#187 of 255 in Information TechnologyTop 73% of 255This company $95.5M Sector average $1.0B
▼
-90.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +9.4%, indicating consistent growth.
- In FY2025, r&d expense decreased 0.0% year-over-year.
- Ranks #187 out of 255 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2024.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $95.5M | -0.0% |
| FY2024 | $95.5M | +4.2% |
| FY2023 | $91.7M | +6.9% |
| FY2022 | $85.8M | +18.3% |
| FY2021 | $72.5M | +18.9% |
| FY2020 | $61.0M | +9.0% |
| FY2019 | $56.0M | +9.7% |
| FY2018 | $51.0M | +22.4% |
| FY2017 | $41.7M | +30.2% |
| FY2016 | $32.0M | +3.1% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026