NovoCure Ltd. reported its financial results for the third quarter of 2025, revealing a net revenue of $167.2 million, an increase of 8% from $155.1 million in the same period last year. For the nine months ending September 30, 2025, total revenues reached $481.0 million, compared to $444.0 million for the same period in 2024. The company experienced a net loss of $37.3 million for the quarter, up from a loss of $30.6 million in Q3 2024, and a nine-month net loss of $111.7 million, compared to $102.7 million in the prior year. The basic and diluted net loss per share for the quarter was $(0.33), compared to $(0.28) in the previous year.
The increase in revenue was primarily driven by growth in international markets, particularly in France and Germany, which contributed $4.4 million and $3.3 million, respectively. Additionally, other international markets saw a $4.4 million increase due to active patient growth and early commercialization efforts in Spain. However, revenue from the United States decreased by $1.7 million due to a reduction in one-time benefits from prior period claims. The company recognized $3.1 million in revenue from its Optune Lua product during the quarter, which includes $1.6 million from non-small cell lung cancer (NSCLC) and $1.5 million from malignant pleural mesothelioma (MPM).
Operationally, NovoCure reported a total of 4,416 active patients on therapy as of September 30, 2025, compared to 4,113 in the same period last year. The number of prescriptions received for Optune Gio and Optune Lua also increased, with a total of 1,805 prescriptions in Q3 2025, up from 1,586 in Q3 2024. The company continues to expand its geographic footprint and is actively pursuing coverage policies with payers to enhance access to its therapies.
In terms of strategic developments, NovoCure has made significant progress in its clinical trials, including the PANOVA-3 trial, which demonstrated improved overall survival for patients with pancreatic cancer. The company has also filed a Premarket Approval (PMA) application with the FDA for the use of its TTFields therapy in this indication. Additionally, NovoCure has expanded its senior secured credit facility, drawing $100 million in September 2025, which has bolstered its cash position to $1.033 billion as of the end of the quarter.
Looking ahead, NovoCure anticipates continued revenue growth driven by the expansion of its product offerings and market presence. However, the company also acknowledges the potential impact of rising tariffs and ongoing geopolitical tensions on its operations. As it prepares for future profitability, NovoCure remains focused on optimizing its supply chain and enhancing operational efficiencies while navigating the complexities of the healthcare landscape.
About NovoCure Ltd
NovoCure Limited is a global oncology company specializing in Tumor Treating Fields (TTFields) technology, which uses electric fields to disrupt cancer cell division. Its core products, Optune Gio and Optune Lua, are medical devices approved for treating glioblastoma, non-small cell lung cancer, and mesothelioma. The company markets its therapies worldwide, emphasizing clinical research, regulatory compliance, and innovative device development to extend survival and improve quality of life for cancer patients.
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