NASDAQ : CEVA
CEVA, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 28.59 USD (Nov 2, 2026, 2:42 PM EST) · Market cap 804.92M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CEVA, Inc. (CEVA) reported revenue of 115.73M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 115.73M | 109.60M | 106.94M | 97.42M | 120.58M | 113.83M |
| Cost of Revenue | 14.50M | 14.16M | 12.77M | 11.65M | 15.13M | 10.38M |
| Gross Profit | 101.23M | 95.44M | 94.17M | 85.77M | 105.45M | 103.45M |
| Selling, General & Admin | 32.72M | 31.36M | 29.50M | 25.84M | 25.66M | 25.02M |
| Research & Development | 77.64M | 74.83M | 71.62M | 72.69M | 70.32M | 69.09M |
| Amortization of Goodwill & Intangibles | 525.00K | 598.00K | 599.00K | 594.00K | 2.02M | 2.30M |
| Operating Expenses | 110.88M | 106.79M | 101.72M | 99.12M | 98.00M | 96.41M |
| Operating Income | -9.64M | -11.35M | -7.54M | -13.35M | 7.45M | 7.04M |
| Interest & Investment Income | 6.82M | 5.50M | 4.95M | 4.36M | 3.19M | 1.87M |
| Currency Exchange Gain (Loss) | -1.78M | 607.00K | -1.01M | 688.00K | 74.00K | -1.27M |
| EBT Excluding Unusual Items | -4.61M | -5.24M | -3.60M | -8.30M | 10.72M | 7.64M |
| Merger & Restructuring Charges | -117.00K | |||||
| Gain (Loss) on Sale of Investments | 605.00K | 554.00K | 842.00K | 212.00K | -2.96M | 1.58M |
| Asset Writedown | -3.56M | |||||
| Pretax Income | -4.00M | -4.69M | -2.75M | -8.21M | 4.20M | 9.22M |
| Income Tax Expense | 6.97M | 5.95M | 6.03M | 10.23M | 18.07M | 6.82M |
| Earnings From Continuing Operations | -10.98M | -10.64M | -8.79M | -18.44M | -13.88M | 2.40M |
| Earnings From Discontinued Operations | 6.56M | -9.30M | -2.00M | |||
| Net Income | -10.98M | -10.64M | -8.79M | -11.88M | -23.18M | 396.00K |
| Net Income to Common | -10.98M | -10.64M | -8.79M | -11.88M | -23.18M | 396.00K |
| Shares Outstanding (Basic) | 26.30M | 24.30M | 23.61M | 23.48M | 23.17M | 22.82M |
| Shares Outstanding (Diluted) | 26.30M | 24.30M | 23.61M | 23.48M | 23.17M | 23.25M |
| EPS (Basic) | -0.42 | -0.44 | -0.37 | -0.51 | -1.00 | 0.02 |
| EPS (Diluted) | -0.42 | -0.44 | -0.37 | -0.51 | -1.00 | 0.01 |
| Free Cash Flow | -1.06M | -6.28M | -237.00K | -9.21M | 3.42M | 23.61M |
| Free Cash Flow Per Share | -0.04 | -0.26 | -0.01 | -0.39 | 0.15 | 1.01 |
| Gross Margin | 87.47% | 87.08% | 88.06% | 88.04% | 87.45% | 90.88% |
| Operating Margin | -8.33% | -10.35% | -7.05% | -13.70% | 6.18% | 6.19% |
| Profit Margin | -9.48% | -9.71% | -8.22% | -12.19% | -19.23% | 0.35% |
| Free Cash Flow Margin | -0.92% | -5.73% | -0.22% | -9.46% | 2.84% | 20.74% |
| EBITDA | -5.68M | -7.08M | -3.41M | -8.47M | 15.01M | 14.03M |
| EBITDA Margin | -4.91% | -6.46% | -3.19% | -8.69% | 12.45% | 12.32% |
| D&A For EBITDA | 3.97M | 4.27M | 4.14M | 4.88M | 7.56M | 6.99M |
| EBIT | -9.64M | -11.35M | -7.54M | -13.35M | 7.45M | 7.04M |
| EBIT Margin | -8.33% | -10.35% | -7.05% | -13.70% | 6.18% | 6.19% |
| Effective Tax Rate | 430.67% | 74.00% | ||||
| Revenue as Reported | 115.73M | 109.60M | 106.94M | 97.42M | 120.58M | 113.83M |
| Advertising Expenses | 872.00K | 795.00K | 780.00K | 734.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 44.30M | 40.59M | 18.50M | 23.29M | 20.12M | 33.15M |
| Short-Term Investments | 176.42M | 181.40M | 145.15M | 143.25M | 118.19M | 121.71M |
| Cash & Short-Term Investments | 220.72M | 221.98M | 163.64M | 166.54M | 138.31M | 154.86M |
| Receivables | 46.72M | 49.35M | 37.21M | 30.31M | 29.83M | 27.45M |
| Prepaid Expenses | 15.75M | 13.48M | 15.49M | 11.54M | 6.78M | 6.61M |
| Other Current Assets | 21.00K | 988.00K | 2.71M | 63.00K | ||
| Total Current Assets | 283.18M | 284.84M | 216.34M | 209.37M | 177.62M | 188.98M |
| Property, Plant & Equipment | 25.85M | 24.54M | 12.69M | 13.71M | 15.11M | 15.59M |
| Long-Term Investments | 143.00K | 55.00K | 312.00K | 406.00K | 8.61M | 2.92M |
| Goodwill | 58.31M | 58.31M | 58.31M | 58.31M | 56.79M | 74.78M |
| Other Intangible Assets | 700.00K | 1.04M | 1.88M | 2.97M | 2.39M | 14.61M |
| Long-Term Accounts Receivable | 3.56M | 1.18M | 2.58M | |||
| Long-Term Deferred Tax Assets | 228.00K | 257.00K | 1.46M | 1.61M | 8.48M | 15.85M |
| Other Long-Term Assets | 19.92M | 18.04M | 15.38M | 17.71M | 39.42M | 15.93M |
| Total Assets | 391.89M | 388.26M | 308.95M | 304.08M | 308.44M | 328.66M |
| Accounts Payable | 1.54M | 2.42M | 1.12M | 1.15M | 1.86M | 1.46M |
| Accrued Expenses | 21.08M | 17.13M | 18.54M | 16.29M | 19.13M | 19.51M |
| Current Portion of Leases | 2.66M | 1.74M | 2.60M | 2.51M | 2.68M | 3.27M |
| Current Income Taxes Payable | 1.49M | 1.71M | 1.92M | 2.55M | 420.00K | |
| Current Unearned Revenue | 2.69M | 4.04M | 4.61M | 3.91M | 4.02M | 9.46M |
| Other Current Liabilities | 1.87M | 1.95M | 1.09M | 3.05M | 1.31M | |
| Total Current Liabilities | 27.98M | 28.68M | 30.53M | 26.89M | 33.28M | 35.44M |
| Long-Term Leases | 14.76M | 14.39M | 2.96M | 3.94M | 5.21M | 5.13M |
| Other Long-Term Liabilities | 8.90M | 8.73M | 8.90M | 8.91M | 11.09M | 11.36M |
| Total Liabilities | 51.64M | 51.80M | 42.39M | 39.74M | 49.57M | 51.93M |
| Common Stock | 28.00K | 28.00K | 24.00K | 23.00K | 23.00K | 23.00K |
| Additional Paid-In Capital | 348.47M | 337.97M | 259.89M | 252.10M | 242.84M | 235.39M |
| Retained Earnings | -7.39M | -24.00K | 11.19M | 20.17M | 32.16M | 55.48M |
| Treasury Stock | -1.59M | -3.22M | -5.62M | -9.90M | -13.79M | |
| Comprehensive Income & Other | -859.00K | 79.00K | -1.33M | -2.33M | -6.25M | -372.00K |
| Shareholders' Equity | 340.25M | 336.46M | 266.56M | 264.34M | 258.87M | 276.73M |
| Total Liabilities & Equity | 391.89M | 388.26M | 308.95M | 304.08M | 308.44M | 328.66M |
| Total Debt | 17.42M | 16.13M | 5.56M | 6.46M | 7.89M | 8.40M |
| Net Cash (Debt) | 203.44M | 205.91M | 158.40M | 160.49M | 130.83M | 149.38M |
| Net Cash Per Share | 7.74 | 8.48 | 6.71 | 6.83 | 5.65 | 6.42 |
| Filing Date Shares Outstanding | 28.15M | 27.75M | 23.81M | 23.63M | 23.42M | 23.20M |
| Total Common Shares Outstanding | 28.14M | 27.51M | 23.63M | 23.44M | 23.22M | 22.98M |
| Working Capital | 255.20M | 256.15M | 185.81M | 182.48M | 144.35M | 153.54M |
| Book Value Per Share | 12.09 | 12.23 | 11.28 | 11.28 | 11.15 | 12.04 |
| Tangible Book Value | 281.24M | 277.11M | 206.37M | 203.07M | 199.69M | 187.35M |
| Tangible Book Value Per Share | 9.99 | 10.07 | 8.73 | 8.66 | 8.60 | 8.15 |
| Machinery | 29.38M | 26.61M | 27.89M | 26.55M | 24.61M | |
| Leasehold Improvements | 3.99M | 4.38M | 4.36M | 4.36M | 4.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.98M | -10.64M | -8.79M | -11.88M | -23.18M | 396.00K |
| Depreciation & Amortization | 3.97M | 4.27M | 4.14M | 4.88M | 7.56M | 6.99M |
| Asset Writedown & Restructuring Costs | 3.56M | |||||
| Loss (Gain) From Sale of Investments | -605.00K | -554.00K | -842.00K | -11.77M | 2.96M | -1.58M |
| Stock-Based Compensation | 21.11M | 19.80M | 15.57M | 16.20M | 14.51M | 13.05M |
| Other Operating Activities | 2.55M | -1.03M | 1.11M | -560.00K | -351.00K | 1.16M |
| Change in Accounts Receivable | -10.39M | -11.85M | -6.78M | -25.00K | -3.75M | 5.84M |
| Change in Accounts Payable | -828.00K | 552.00K | -261.00K | -818.00K | 511.00K | 404.00K |
| Change in Unearned Revenue | -520.00K | -103.00K | 581.00K | -27.00K | -5.49M | 5.05M |
| Change in Income Taxes | -706.00K | -706.00K | -221.00K | 67.00K | 2.13M | 189.00K |
| Change in Other Net Operating Assets | -1.18M | -4.15M | -974.00K | -9.09M | 666.00K | 598.00K |
| Operating Cash Flow | 3.81M | -3.36M | 3.47M | -6.33M | 6.92M | 25.80M |
| Capital Expenditures | -4.87M | -2.92M | -3.71M | -2.88M | -3.50M | -2.19M |
| Cash Acquisitions | -3.60M | -29.89M | ||||
| Investment in Securities | -45.14M | -31.08M | 1.26M | 17.32M | -11.62M | 15.38M |
| Investing Cash Flow | -53.48M | -34.00M | -2.45M | 10.84M | -15.12M | -16.71M |
| Issuance of Common Stock | 66.41M | 66.48M | 2.88M | 3.39M | 3.48M | 3.24M |
| Repurchase of Common Stock | -988.00K | -7.15M | -8.46M | -6.16M | -6.79M | |
| Financing Cash Flow | 65.42M | 59.34M | -5.57M | -2.77M | -3.31M | 3.24M |
| Foreign Exchange Rate Adjustments | -523.00K | 107.00K | -241.00K | 267.00K | -370.00K | -327.00K |
| Net Cash Flow | 15.22M | 22.09M | -4.79M | 2.00M | -11.87M | 12.01M |
| Free Cash Flow | -1.06M | -6.28M | -237.00K | -9.21M | 3.42M | 23.61M |
| Free Cash Flow Margin | -0.92% | -5.73% | -0.22% | -9.46% | 2.84% | 20.74% |
| Free Cash Flow Per Share | -0.04 | -0.26 | -0.01 | -0.39 | 0.15 | 1.01 |
| Levered Free Cash Flow | 5.61M | 2.91M | 4.98M | -556.75K | 15.29M | 32.06M |
| Unlevered Free Cash Flow | 5.61M | 2.91M | 4.98M | -556.75K | 15.29M | 32.06M |
| Cash Income Tax Paid | 5.10M | 4.18M | 6.26M | 7.40M | 10.19M | 9.18M |
| Change in Working Capital | -12.24M | -15.20M | -7.72M | -3.21M | 1.87M | 5.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 791.13M | 581.42M | 745.42M | 535.07M | 593.14M | 993.39M |
| Enterprise Value | 587.69M | 433.09M | 592.20M | 410.19M | 463.39M | 857.46M |
| Last Close Price | 28.10 | 21.52 | 31.55 | 22.71 | 25.58 | 43.24 |
| PE Ratio | 2,508.56 | |||||
| Forward PE | 40.40 | 34.35 | 68.26 | 86.68 | 38.95 | 55.15 |
| PS Ratio | 6.84 | 5.30 | 6.97 | 5.49 | 4.92 | 8.73 |
| PB Ratio | 2.32 | 1.73 | 2.80 | 2.02 | 2.29 | 3.59 |
| P/TBV Ratio | 2.81 | 2.10 | 3.61 | 2.63 | 2.97 | 5.30 |
| P/FCF Ratio | 173.18 | 42.07 | ||||
| P/OCF Ratio | 207.92 | 214.76 | 85.66 | 38.50 | ||
| PEG Ratio | 1.48 | 1.72 | 3.41 | 4.33 | 1.95 | 2.76 |
| EV/Sales Ratio | 5.08 | 3.95 | 5.54 | 4.21 | 3.84 | 7.53 |
| EV/EBITDA Ratio | 30.87 | 61.14 | ||||
| EV/EBIT Ratio | 62.18 | 121.80 | ||||
| EV/FCF Ratio | 135.30 | 36.32 | ||||
| Debt / Equity Ratio | 0.05 | 0.05 | 0.02 | 0.02 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.44 | 0.49 | ||||
| Debt / FCF Ratio | 2.30 | 0.36 | ||||
| Net Debt / Equity Ratio | -0.60 | -0.61 | -0.59 | -0.61 | -0.51 | -0.54 |
| Net Debt / EBITDA Ratio | 35.84 | 29.09 | 46.46 | 18.95 | -8.71 | -10.65 |
| Net Debt / FCF Ratio | 191.38 | 32.80 | 668.33 | 17.42 | -38.20 | -6.33 |
| Asset Turnover | 0.33 | 0.31 | 0.35 | 0.32 | 0.38 | 0.36 |
| Quick Ratio | 9.56 | 9.46 | 6.58 | 7.32 | 5.05 | 5.14 |
| Current Ratio | 10.12 | 9.93 | 7.09 | 7.79 | 5.34 | 5.33 |
| Return on Equity (ROE) | -3.62% | -3.53% | -3.31% | -7.05% | -5.18% | 0.89% |
| Return on Assets (ROA) | -1.74% | -2.03% | -1.54% | -2.72% | 1.46% | 1.38% |
| Return on Invested Capital (ROIC) | -6.98% | -9.49% | -7.09% | -11.47% | -19.05% | 1.36% |
| Return on Capital Employed (ROCE) | -2.60% | -3.20% | -2.70% | -4.80% | 2.70% | 2.40% |
| Earnings Yield | -1.49% | -1.83% | -1.18% | -2.22% | -3.91% | 0.04% |
| FCF Yield | -0.13% | -1.08% | -0.03% | -1.72% | 0.58% | 2.38% |
| Buyback Yield / Dilution | -10.75% | -2.89% | -0.55% | -1.35% | 0.34% | -5.17% |