NASDAQ : NVEC
NVE Corporation — Financial statements
Technology · Semiconductors · United States
Last price 81.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 397.12M
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Financial statements
NVE Corporation (NVEC) reported revenue of 30.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 30.75M | 26.33M | 25.87M | 29.80M | 38.25M | 26.99M |
| Cost of Revenue | 6.38M | 5.60M | 4.24M | 6.77M | 8.06M | 6.26M |
| Gross Profit | 24.37M | 20.73M | 21.64M | 23.03M | 30.19M | 20.72M |
| Selling, General & Admin | 2.18M | 1.65M | 2.01M | 1.77M | 1.96M | 1.47M |
| Research & Development | 3.24M | 3.16M | 3.64M | 2.73M | 2.58M | 2.93M |
| Operating Expenses | 5.42M | 4.81M | 5.64M | 4.51M | 4.55M | 4.40M |
| Operating Income | 18.95M | 15.92M | 15.99M | 18.52M | 25.64M | 16.33M |
| Interest & Investment Income | 1.83M | 1.89M | 1.91M | 1.95M | 1.45M | 1.17M |
| Other Non Operating Income (Expenses) | 3.90K | 135.37K | ||||
| Pretax Income | 20.79M | 17.82M | 18.04M | 20.47M | 27.09M | 17.50M |
| Income Tax Expense | 2.91M | 2.62M | 2.97M | 3.34M | 4.40M | 2.99M |
| Net Income | 17.88M | 15.20M | 15.06M | 17.12M | 22.69M | 14.51M |
| Net Income to Common | 17.88M | 15.20M | 15.06M | 17.12M | 22.69M | 14.51M |
| Shares Outstanding (Basic) | 4.84M | 4.84M | 4.84M | 4.83M | 4.83M | 4.83M |
| Shares Outstanding (Diluted) | 4.84M | 4.84M | 4.84M | 4.84M | 4.83M | 4.84M |
| EPS (Basic) | 3.70 | 3.14 | 3.12 | 3.54 | 4.70 | 3.00 |
| EPS (Diluted) | 3.69 | 3.14 | 3.11 | 3.54 | 4.70 | 3.00 |
| Free Cash Flow | 18.66M | 14.47M | 13.05M | 18.23M | 18.16M | 12.02M |
| Free Cash Flow Per Share | 3.85 | 2.99 | 2.70 | 3.77 | 3.76 | 2.49 |
| Dividend Per Share | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Gross Margin | 79.27% | 78.73% | 83.63% | 77.28% | 78.92% | 76.79% |
| Operating Margin | 61.63% | 60.46% | 61.81% | 62.13% | 67.04% | 60.51% |
| Profit Margin | 58.15% | 57.72% | 58.22% | 57.46% | 59.33% | 53.76% |
| Free Cash Flow Margin | 60.69% | 54.95% | 50.45% | 61.17% | 47.46% | 44.54% |
| EBITDA | 19.70M | 16.38M | 16.32M | 18.83M | 25.84M | 16.75M |
| EBITDA Margin | 64.07% | 62.21% | 63.07% | 63.17% | 67.55% | 62.08% |
| D&A For EBITDA | 750.10K | 460.03K | 324.23K | 308.15K | 196.74K | 424.98K |
| EBIT | 18.95M | 15.92M | 15.99M | 18.52M | 25.64M | 16.33M |
| EBIT Margin | 61.63% | 60.46% | 61.81% | 62.13% | 67.04% | 60.51% |
| Effective Tax Rate | 13.98% | 14.69% | 16.49% | 16.33% | 16.23% | 17.10% |
| Revenue as Reported | 30.75M | 26.33M | 25.87M | 29.80M | 38.25M | 26.99M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.97M | 1.71M | 8.04M | 10.28M | 1.67M | 10.45M |
| Short-Term Investments | 19.68M | 18.13M | 13.69M | 11.92M | 15.51M | 20.84M |
| Cash & Short-Term Investments | 23.65M | 19.84M | 21.73M | 22.20M | 17.18M | 31.29M |
| Accounts Receivable | 3.01M | 3.41M | 3.59M | 3.14M | 6.52M | 4.70M |
| Other Receivables | 1.37M | 455.57K | 340.24K | 460.63K | 425.37K | |
| Receivables | 4.37M | 3.86M | 3.93M | 3.61M | 6.95M | 4.70M |
| Inventory | 6.86M | 7.08M | 7.45M | 7.16M | 6.42M | 5.09M |
| Prepaid Expenses | 172.95K | 1.40M | 93.17K | 228.72K | 238.09K | 420.52K |
| Total Current Assets | 35.06M | 32.19M | 33.20M | 33.19M | 30.79M | 41.50M |
| Property, Plant & Equipment | 4.07M | 4.51M | 2.90M | 1.34M | 1.77M | 1.17M |
| Long-Term Investments | 20.74M | 23.68M | 26.30M | 30.79M | 36.13M | 24.31M |
| Long-Term Deferred Tax Assets | 1.87M | 1.45M | 572.04K | 483.47K | ||
| Total Assets | 59.86M | 60.38M | 64.28M | 66.78M | 69.26M | 67.47M |
| Accounts Payable | 252.40K | 278.60K | 214.69K | 127.15K | 281.71K | 943.53K |
| Accrued Expenses | 751.70K | 697.61K | 871.17K | 729.22K | 1.38M | 1.36M |
| Current Portion of Leases | 202.61K | 165.12K | 83.01K | 179.37K | 175.80K | 156.12K |
| Total Current Liabilities | 1.21M | 1.14M | 1.17M | 1.04M | 1.83M | 2.46M |
| Long-Term Leases | 668.71K | 740.42K | 838.22K | 175.78K | 342.91K | 446.02K |
| Long-Term Deferred Tax Liabilities | 9.99K | 248.28K | ||||
| Total Liabilities | 1.89M | 2.13M | 2.01M | 1.21M | 2.18M | 2.90M |
| Common Stock | 48.44K | 48.37K | 48.37K | 48.34K | 48.31K | 48.31K |
| Additional Paid-In Capital | 20.18M | 19.91M | 19.82M | 19.55M | 19.30M | 19.26M |
| Retained Earnings | 38.20M | 38.32M | 42.47M | 46.74M | 48.95M | 45.58M |
| Comprehensive Income & Other | -452.08K | -32.01K | -68.54K | -777.64K | -1.21M | -318.12K |
| Shareholders' Equity | 57.98M | 58.25M | 62.27M | 65.57M | 67.08M | 64.57M |
| Total Liabilities & Equity | 59.86M | 60.38M | 64.28M | 66.78M | 69.26M | 67.47M |
| Total Debt | 871.32K | 905.54K | 921.23K | 355.15K | 518.71K | 602.14K |
| Net Cash (Debt) | 43.52M | 42.61M | 47.11M | 52.63M | 52.79M | 55.00M |
| Net Cash Per Share | 8.98 | 8.81 | 9.74 | 10.88 | 10.92 | 11.37 |
| Filing Date Shares Outstanding | 4.84M | 4.84M | 4.84M | 4.83M | 4.83M | 4.83M |
| Total Common Shares Outstanding | 4.84M | 4.84M | 4.84M | 4.83M | 4.83M | 4.83M |
| Working Capital | 33.85M | 31.05M | 32.03M | 32.16M | 28.95M | 39.05M |
| Book Value Per Share | 11.97 | 12.04 | 12.87 | 13.56 | 13.89 | 13.37 |
| Tangible Book Value | 57.98M | 58.25M | 62.27M | 65.57M | 67.08M | 64.57M |
| Tangible Book Value Per Share | 11.97 | 12.04 | 12.87 | 13.56 | 13.89 | 13.37 |
| Machinery | 13.93M | 13.84M | 11.76M | 10.50M | 10.48M | 9.74M |
| Leasehold Improvements | 2.06M | 2.06M | 1.96M | 1.96M | 1.96M | 1.81M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 17.88M | 15.20M | 15.06M | 17.12M | 22.69M | 14.51M |
| Depreciation & Amortization | 750.10K | 460.03K | 324.23K | 308.15K | 196.74K | 424.98K |
| Loss (Gain) From Sale of Investments | -186.67K | -317.81K | -307.67K | -106.35K | 60.87K | |
| Stock-Based Compensation | 281.49K | 93.66K | 152.17K | 141.94K | 59.66K | 81.86K |
| Provision & Write-off of Bad Debts | 9.51K | |||||
| Other Operating Activities | 1.27M | 2.21M | -673.32K | -1.03M | 161.89K | 24.46K |
| Change in Accounts Receivable | -565.07K | 180.33K | -444.44K | 3.37M | -1.82M | -2.74M |
| Change in Inventory | 558.53K | 366.26K | -290.50K | -741.58K | -1.33M | -1.19M |
| Change in Accounts Payable | 22.87K | 63.91K | 87.54K | -154.56K | -726.70K | 1.29M |
| Change in Other Net Operating Assets | -212.09K | -1.60M | 397.89K | -671.92K | -208.53K | 99.72K |
| Operating Cash Flow | 19.80M | 16.66M | 14.31M | 18.25M | 19.09M | 12.50M |
| Capital Expenditures | -1.14M | -2.19M | -1.26M | -16.73K | -935.79K | -484.58K |
| Investment in Securities | -441.81K | -1.44M | 3.93M | 9.60M | -7.69M | 7.50M |
| Other Investing Activities | 100.00K | |||||
| Investing Cash Flow | -1.58M | -3.63M | 2.67M | 9.58M | -8.53M | 7.02M |
| Issuance of Common Stock | 114.16K | 117.46K | ||||
| Repurchase of Common Stock | -20.70K | -163.52K | ||||
| Common Dividends Paid | -19.36M | -19.35M | -19.34M | -19.33M | -19.32M | -19.33M |
| Other Financing Activities | -168.00 | |||||
| Financing Cash Flow | -19.36M | -19.35M | -19.23M | -19.21M | -19.34M | -19.50M |
| Net Cash Flow | -1.14M | -6.32M | -2.25M | 8.61M | -8.78M | 22.17K |
| Free Cash Flow | 18.66M | 14.47M | 13.05M | 18.23M | 18.16M | 12.02M |
| Free Cash Flow Margin | 60.69% | 54.95% | 50.45% | 61.17% | 47.46% | 44.54% |
| Free Cash Flow Per Share | 3.85 | 2.99 | 2.70 | 3.77 | 3.76 | 2.49 |
| Levered Free Cash Flow | 11.54M | 7.32M | 8.97M | 13.82M | 11.32M | 7.69M |
| Unlevered Free Cash Flow | 11.54M | 7.32M | 8.97M | 13.82M | 11.32M | 7.69M |
| Cash Income Tax Paid | 1.89M | 1.93M | 3.31M | 4.54M | 4.50M | 2.52M |
| Change in Working Capital | -195.76K | -990.06K | -249.51K | 1.80M | -4.08M | -2.54M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 375.80M | 316.83M | 308.32M | 435.88M | 400.91M | 263.29M |
| Enterprise Value | 332.29M | 273.76M | 259.17M | 381.58M | 347.93M | 205.30M |
| Last Close Price | 77.58 | 64.21 | 58.85 | 79.03 | 69.09 | 42.31 |
| PE Ratio | 21.02 | 20.84 | 20.47 | 25.45 | 17.67 | 18.15 |
| Forward PE | 28.38 | 28.38 | 28.38 | 28.38 | 28.38 | |
| PS Ratio | 12.22 | 12.03 | 11.92 | 14.62 | 10.48 | 9.76 |
| PB Ratio | 6.48 | 5.44 | 4.95 | 6.65 | 5.98 | 4.08 |
| P/TBV Ratio | 6.48 | 5.44 | 4.95 | 6.65 | 5.98 | 4.08 |
| P/FCF Ratio | 20.14 | 21.90 | 23.62 | 23.91 | 22.08 | 21.91 |
| P/OCF Ratio | 18.98 | 19.02 | 21.55 | 23.89 | 21.00 | 21.06 |
| PEG Ratio | 1.14 | 1.14 | 1.14 | 1.14 | 1.14 | |
| EV/Sales Ratio | 10.81 | 10.40 | 10.02 | 12.80 | 9.10 | 7.61 |
| EV/EBITDA Ratio | 16.87 | 16.71 | 15.88 | 20.27 | 13.46 | 12.25 |
| EV/EBIT Ratio | 17.53 | 17.20 | 16.20 | 20.61 | 13.57 | 12.57 |
| EV/FCF Ratio | 17.81 | 18.92 | 19.86 | 20.93 | 19.16 | 17.08 |
| Debt / Equity Ratio | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.04 | 0.05 | 0.06 | 0.02 | 0.02 | 0.04 |
| Debt / FCF Ratio | 0.05 | 0.06 | 0.07 | 0.02 | 0.03 | 0.05 |
| Net Debt / Equity Ratio | -0.75 | -0.73 | -0.76 | -0.80 | -0.79 | -0.85 |
| Net Debt / EBITDA Ratio | -2.21 | -2.60 | -2.89 | -2.80 | -2.04 | -3.28 |
| Net Debt / FCF Ratio | -2.33 | -2.94 | -3.61 | -2.89 | -2.91 | -4.58 |
| Asset Turnover | 0.51 | 0.42 | 0.40 | 0.44 | 0.56 | 0.39 |
| Inventory Turnover | 0.89 | 0.77 | 0.58 | 1.00 | 1.40 | 1.39 |
| Quick Ratio | 23.22 | 20.77 | 21.95 | 24.92 | 13.17 | 14.65 |
| Current Ratio | 29.05 | 28.20 | 28.40 | 32.05 | 16.80 | 16.90 |
| Return on Equity (ROE) | 30.39% | 25.22% | 23.57% | 25.82% | 34.48% | 21.42% |
| Return on Assets (ROA) | 19.52% | 15.96% | 15.25% | 17.02% | 23.45% | 14.58% |
| Return on Invested Capital (ROIC) | 43.99% | 33.63% | 31.36% | 32.92% | 50.97% | 30.98% |
| Return on Capital Employed (ROCE) | 32.30% | 26.90% | 25.30% | 28.20% | 38.00% | 25.10% |
| Earnings Yield | 4.76% | 4.80% | 4.89% | 3.93% | 5.66% | 5.51% |
| FCF Yield | 4.97% | 4.57% | 4.23% | 4.18% | 4.53% | 4.57% |
| Dividend Yield | 5.16% | 6.11% | 6.28% | 4.44% | 4.82% | 7.34% |
| Payout Ratio | 108.39% | 127.30% | 128.38% | 112.89% | 85.15% | 133.26% |
| Buyback Yield / Dilution | -0.10% | 0.00% | 0.01% | -0.16% | 0.07% | -0.02% |
| Total Shareholder Return | 5.06% | 6.11% | 6.29% | 4.28% | 4.89% | 7.32% |