Quick Answer
NOVONIX Ltd reported R&D Expense of $5.67 million for fiscal year 2025.
NOVONIX Ltd R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $5.67M | +16.9% |
| 2024 | $4.85M | -15.7% |
| 2023 | $5.75M | +12.7% |
| 2022 | $5.10M | +143.8% |
| 2021 | $2.09M | +28.8% |
| 2020 | $1.62M | — |
- NOVONIX Ltd showed an increase of +16.9% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, NOVONIX Ltd’s r&d expense has grown by 249.1% (from $1.62 million to $5.67 million).
- The most recent figure is from NOVONIX Ltd’s fiscal year 2025 report (Form 20-F), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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