NovoCure Limited reported its financial results for the second quarter of 2025, revealing a net revenue of $158.8 million, a 6% increase from $150.4 million in the same period last year. For the first half of 2025, revenues reached $313.8 million, up 9% from $288.9 million in the first half of 2024. The growth in revenue was primarily driven by increased sales in France and Germany, alongside a rise in active patients. However, the company also reported a net loss of $40.1 million for the quarter, compared to a loss of $33.4 million in the prior year, and a cumulative net loss of $74.5 million for the first half of 2025, slightly higher than the $72.1 million loss recorded in the same period of 2024.
The company's operational metrics showed a total of 4,331 active patients on therapy as of June 30, 2025, compared to 3,963 a year earlier. This increase reflects the growing adoption of its Tumor Treating Fields (TTFields) therapy devices, Optune Gio and Optune Lua. The number of prescriptions received for the quarter also rose, with 1,741 total prescriptions compared to 1,634 in the previous year. The company continues to expand its market presence, particularly in the U.S., Germany, France, and Japan, while also pursuing opportunities in Greater China through its collaboration with Zai Lab.
In terms of expenses, NovoCure's cost of revenues increased by 20% to $41.5 million for the second quarter, driven by a 9% growth in active patients and higher average costs associated with new product rollouts and tariffs. Operating expenses also rose, totaling $156.9 million for the quarter, up from $149.3 million a year earlier, with significant increases in general and administrative costs attributed to the launch of Optune Lua for non-small cell lung cancer (NSCLC) and preparations for future indications.
Looking ahead, NovoCure is preparing to file applications with the FDA for new indications based on positive results from recent clinical trials, including the PANOVA-3 trial for pancreatic cancer and the METIS trial for brain metastases. The company anticipates that these developments will enhance its product offerings and market reach. As of June 30, 2025, NovoCure had $911.5 million in cash, cash equivalents, and short-term investments, a decrease from $959.9 million at the end of 2024, which the company believes is sufficient to support its operations for at least the next 12 months. However, it acknowledges the potential need for additional capital to fund future growth initiatives.
About NovoCure Ltd
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