The Tip Desk

NovoCure Ltd

Company Stats

Market Cap
$1.9B
as of Sep 30, 2026
Shares Outstanding
116.4M
Free Float
63.4%

Income Statement

Revenue
$655.4M
Operating Income
-$153.8M
Net Income
-$136.2M
EBITDA
-$144.4M
Non-cash Impairment
$4.9M
Revenue Growth, 3Y
6.8%
FCF Margin, 3Y Avg
-14.2%
FCF Margin, Worst Year
-19.7%

Cash Flow

Free Cash Flow
-$75.7M
FCF Yield
-4.1%
Owner FCF Yield
-9.7%

Balance Sheet

Cash & Equivalents
$93.5M

Returns & Capital

SBC, 3Y Avg
$126.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$655.4M-$75.7M-11.5%
FY2024$605.2M-$69.2M-11.4%
FY2023$509.3M-$100.4M-19.7%
FY2022$537.8M$9.4M1.8%
FY2021$535.0M$58.6M11.0%

Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage