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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

NVCR Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NovoCure Ltd (NVCR), a Healthcare sector company. NVCR is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), NovoCure Ltd reports quarterly revenue of $174.1M, net income of $-71.1M, free cash flow of $-18.7M. Top institutional holders of NVCR by reported 13-F value include FMR, BlackRock,, Soleus Capital Management, L.P., based on the most recent SEC filings. NVCR trades on the Nasdaq exchange and files with the SEC under CIK 1645113. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NVCR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NovoCure Ltd directly from SEC EDGAR.

Revenue

Q1 2026

$174.1M

Net Income

Q1 2026

$-71.1M

Free Cash Flow

Q1 2026

$-18.7M

ROIC

Q1 2026

-20.4%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+12.5% YoY
$605.2MFY 2024
FY20 $494.4MFY21 $535.0MFY22 $537.8MFY24 $605.2M

Net Income

-82.2% YoY
$-168.6MFY 2024
FY20 $19.8MFY21 $-58.4MFY22 $-92.5MFY24 $-168.6M

Operating Income

-90.4% YoY
$-170.5MFY 2024
FY20 $30.4MFY21 $-44.3MFY22 $-89.5MFY24 $-170.5M

EPS (Diluted)

-77.3% YoY
$-1.56FY 2024
FY20 $0.18FY21 $-0.56FY22 $-0.88FY24 $-1.56

Total Assets

+4.1% YoY
$1.24BFY 2024
FY20 $1.05BFY21 $1.14BFY22 $1.19BFY24 $1.24B

Total Debt

-82.8% YoY
$97.3MFY 2024
FY20 $429.9MFY21 $562.2MFY22 $565.5MFY24 $97.3M

Op. Cash Flow

-185.6% YoY
$-26.4MFY 2024
FY20 $99.1MFY21 $82.8MFY22 $30.8MFY24 $-26.4M

AI Insight: NVCR Financial Trends

Revenue reached $174M for the second consecutive quarter in Q1 2026, but net loss widened sharply to $71M — the deepest quarterly loss in the dataset.

Revenue grew from $150M in Q2 2024 to $174M in Q1 2026, a steady 16% cumulative increase over eight quarters.

Operating loss widened from $-34M in Q2 2024 to $-67M in Q1 2026, with no quarter yet achieving operating breakeven.

Equity eroded from $362M in Q2 2024 to $331M in Q1 2026 as accumulated losses outpace any capital inflows.

Operating cash flow remains highly volatile, swinging from $21M in Q3 2025 to $-18M in Q4 2025 and $-14M in Q1 2026.

Total debt doubled from $97M in Q4 2024 to $195M in Q4 2025 — rising leverage against a shrinking equity base warrants close monitoring.

Net loss of $-71M in Q1 2026 diverges sharply from the operating loss of $-67M, suggesting growing below-the-line charges to investigate.

Revenue has plateaued at $174M for two straight quarters — watch whether Q2 2026 can re-accelerate growth.

AI Insight: NVCR Ratio Trends

NovoCure's profitability deteriorated sharply in Q1 2026, with ROE collapsing to -86.0% and ROIC to -81.5% — the worst readings in the visible dataset.

Operating margin worsened from -21.5% in Q3 2025 to -38.7% in Q1 2026, erasing sequential improvement seen mid-2025.

ROA deteriorated from -10.9% in Q3 2025 to -36.1% in Q1 2026, the steepest single-quarter drop in the dataset.

D/E ratio rose from 0.27 in Q4 2024 to 0.57 in Q4 2025, the only two quarters with available leverage data, signaling rising debt load.

Q4 2025 offered a brief respite with NPM improving to -14.1% from -22.3% in Q3 2025, but Q1 2026 reversed this entirely.

ROIC plunged to -81.5% in Q1 2026 from -30.2% in Q4 2025 — worst in the dataset; capital destruction is accelerating.

D/E data is sparse; the jump from 0.27 to 0.57 warrants close monitoring as losses mount and balance sheet erodes.

Q1 seasonality has produced sharp margin dips in both 2025 and 2026; confirm whether Q2 2026 recovers toward Q3 2025 levels.

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Available Research

13F Pro tracks comprehensive data for NovoCure Ltd including:

SEC EDGAR filings (10-K, 10-Q, 8-K)
XBRL financial facts (revenue, EPS, margins)
Insider transactions (Form 4)
Institutional 13F holdings
Quality rankings (32 signals)
AI analyst debates & daily meetings
Historical financial trends
Peer comparison & sector analysis

Top Institutional Holders of NVCR

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Is NVCR a good stock to buy?

13F Pro's AI-powered analysis of NovoCure Ltd (NVCR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NVCR are available on the NVCR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NVCR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NVCR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NovoCure Ltd's investment landscape.