NASDAQ : NVTS
Navitas Semiconductor Corporation — Financial statements
Technology · Semiconductors · United States
Last price 9.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.40B
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Financial statements
Navitas Semiconductor Corporation (NVTS) reported revenue of 36.53M 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 | 36.53M | 45.92M | 83.30M | 79.46M | 37.94M | 23.74M |
| Cost of Revenue | 22.61M | 31.67M | 54.96M | 48.39M | 26.00M | 13.05M |
| Gross Profit | 13.93M | 14.25M | 28.34M | 31.06M | 11.95M | 10.69M |
| Selling, General & Admin | 35.99M | 31.20M | 62.86M | 61.55M | 72.45M | 51.37M |
| Research & Development | 51.19M | 47.63M | 72.29M | 68.83M | 50.32M | 27.48M |
| Amortization of Goodwill & Intangibles | 18.94M | 18.94M | 18.93M | 18.82M | 6.91M | 345.00K |
| Operating Expenses | 106.12M | 97.76M | 154.08M | 149.20M | 129.68M | 79.19M |
| Operating Income | -92.19M | -83.52M | -125.74M | -118.13M | -117.74M | -68.51M |
| Interest Expense | -150.00K | -257.00K | ||||
| Interest & Investment Income | 6.97M | 4.40M | 5.23M | 5.37M | 1.39M | |
| Other Non Operating Income (Expenses) | -29.00K | 6.00K | 102.00K | 84.00K | 50.62M | -45.77M |
| EBT Excluding Unusual Items | -84.75M | -79.11M | -120.55M | -112.68M | -65.73M | -114.53M |
| Merger & Restructuring Charges | -17.37M | -18.05M | -1.22M | -5.90M | ||
| Gain (Loss) on Sale of Investments | -1.12M | -1.12M | 3.90M | |||
| Asset Writedown | -2.20M | -2.20M | -2.01M | |||
| Other Unusual Items | -207.55M | -16.42M | 34.94M | -33.79M | 121.71M | -38.10M |
| Pretax Income | -312.99M | -116.90M | -84.94M | -146.47M | 50.08M | -152.64M |
| Income Tax Expense | 58.00K | 50.00K | -342.00K | -517.00K | -22.81M | 47.00K |
| Earnings From Continuing Operations | -313.05M | -116.95M | -84.60M | -145.95M | 72.89M | -152.69M |
| Minority Interest in Earnings | 518.00K | 1.03M | ||||
| Net Income | -313.05M | -116.95M | -84.60M | -145.43M | 73.91M | -152.69M |
| Net Income to Common | -313.05M | -116.95M | -84.60M | -145.43M | 73.91M | -152.69M |
| Shares Outstanding (Basic) | 226.78M | 205.57M | 182.46M | 168.93M | 133.67M | 39.17M |
| Shares Outstanding (Diluted) | 226.78M | 205.57M | 182.46M | 168.93M | 145.74M | 39.17M |
| EPS (Basic) | -1.38 | -0.57 | -0.46 | -0.86 | 0.55 | -3.90 |
| EPS (Diluted) | -1.38 | -0.57 | -0.46 | -0.86 | 0.51 | -3.90 |
| Free Cash Flow | -67.85M | -44.37M | -65.59M | -46.16M | -49.14M | -44.45M |
| Free Cash Flow Per Share | -0.30 | -0.22 | -0.36 | -0.27 | -0.34 | -1.14 |
| Gross Margin | 38.12% | 31.03% | 34.02% | 39.10% | 31.49% | 45.02% |
| Operating Margin | -252.33% | -181.89% | -150.94% | -148.68% | -310.30% | -288.62% |
| Profit Margin | -856.86% | -254.71% | -101.56% | -183.04% | 194.80% | -643.26% |
| Free Cash Flow Margin | -185.70% | -96.63% | -78.74% | -58.10% | -129.51% | -187.26% |
| EBITDA | -69.61M | -61.13M | -103.84M | -97.15M | -109.90M | -67.75M |
| EBITDA Margin | -190.53% | -133.13% | -124.66% | -122.27% | -289.64% | -285.44% |
| D&A For EBITDA | 22.58M | 22.39M | 21.89M | 20.98M | 7.84M | 755.00K |
| EBIT | -92.19M | -83.52M | -125.74M | -118.13M | -117.74M | -68.51M |
| EBIT Margin | -252.33% | -181.89% | -150.94% | -148.68% | -288.62% | |
| Advertising Expenses | 100.00K | 300.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 557.41M | 236.86M | 86.74M | 151.89M | 110.34M | 268.25M |
| Cash & Short-Term Investments | 557.41M | 236.86M | 86.74M | 151.89M | 110.34M | 268.25M |
| Receivables | 4.77M | 3.62M | 13.98M | 25.86M | 9.13M | 8.26M |
| Inventory | 19.51M | 13.28M | 15.48M | 22.23M | 19.06M | 11.98M |
| Prepaid Expenses | 19.84M | 4.40M | 4.07M | 6.18M | 3.62M | 2.88M |
| Restricted Cash | 863.00K | 1.75M | 1.50M | |||
| Total Current Assets | 602.39M | 259.90M | 121.77M | 206.16M | 142.15M | 291.37M |
| Property, Plant & Equipment | 13.28M | 15.71M | 22.32M | 17.42M | 12.91M | 2.30M |
| Long-Term Investments | 9.20M | 7.80M | 8.90M | 2.50M | 1.50M | |
| Goodwill | 163.22M | 163.22M | 163.22M | 163.22M | 161.53M | |
| Other Intangible Assets | 43.79M | 53.26M | 72.19M | 91.10M | 105.62M | 170.00K |
| Other Long-Term Assets | 554.00K | 580.00K | 1.58M | 5.15M | 1.55M | 1.55M |
| Total Assets | 832.43M | 500.47M | 389.98M | 485.55M | 425.26M | 295.60M |
| Accounts Payable | 18.11M | 9.33M | 10.75M | 24.74M | 14.65M | 4.86M |
| Accrued Expenses | 5.97M | 7.05M | 8.62M | 10.90M | 3.91M | 2.64M |
| Current Portion of Long-Term Debt | 3.20M | |||||
| Current Portion of Leases | 2.17M | 2.19M | 1.77M | 1.89M | 1.30M | |
| Current Unearned Revenue | 486.00K | |||||
| Other Current Liabilities | 1.40M | 33.55M | 10.95M | 29.00K | ||
| Total Current Liabilities | 27.64M | 52.12M | 21.14M | 48.49M | 20.35M | 10.73M |
| Long-Term Debt | 3.72M | |||||
| Long-Term Leases | 2.97M | 4.28M | 5.55M | 6.65M | 5.26M | |
| Long-Term Deferred Tax Liabilities | 405.00K | 405.00K | 441.00K | 1.04M | 1.82M | |
| Other Long-Term Liabilities | 14.83M | 48.75M | 13.06M | 215.62M | ||
| Total Liabilities | 31.02M | 56.81M | 41.97M | 104.93M | 40.50M | 230.06M |
| Common Stock | 26.00K | 26.00K | 22.00K | 21.00K | 18.00K | 15.00K |
| Additional Paid-In Capital | 1.57B | 945.38M | 732.78M | 680.79M | 535.88M | 294.19M |
| Retained Earnings | -763.74M | -501.74M | -384.79M | -300.19M | -154.75M | -228.67M |
| Comprehensive Income & Other | -7.00K | -7.00K | -7.00K | -7.00K | -7.00K | -2.00K |
| Total Common Equity | 801.41M | 443.66M | 348.01M | 380.62M | 381.13M | 65.54M |
| Minority Interest | 3.63M | |||||
| Shareholders' Equity | 801.41M | 443.66M | 348.01M | 380.62M | 384.76M | 65.54M |
| Total Liabilities & Equity | 832.43M | 500.47M | 389.98M | 485.55M | 425.26M | 295.60M |
| Total Debt | 5.14M | 6.47M | 7.32M | 8.54M | 6.57M | 6.92M |
| Net Cash (Debt) | 552.27M | 230.38M | 79.42M | 143.35M | 103.77M | 261.34M |
| Net Cash Per Share | 2.44 | 1.12 | 0.44 | 0.85 | 0.71 | 6.67 |
| Filing Date Shares Outstanding | 261.09M | 230.79M | 190.53M | 179.25M | 160.89M | 122.86M |
| Total Common Shares Outstanding | 261.08M | 230.53M | 188.11M | 179.20M | 153.63M | 117.75M |
| Working Capital | 574.75M | 207.78M | 100.62M | 157.68M | 121.80M | 280.64M |
| Book Value Per Share | 3.07 | 1.92 | 1.85 | 2.12 | 2.48 | 0.56 |
| Tangible Book Value | 594.41M | 227.19M | 112.60M | 126.30M | 113.98M | 65.37M |
| Tangible Book Value Per Share | 2.28 | 0.99 | 0.60 | 0.70 | 0.74 | 0.56 |
| Machinery | 16.36M | 13.31M | 12.04M | 10.58M | 7.47M | 3.38M |
| Construction In Progress | 2.66M | 6.89M | 1.11M | |||
| Leasehold Improvements | 4.43M | 4.38M | 4.30M | 2.36M | 2.05M | 577.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -313.05M | -116.95M | -84.60M | -145.43M | 73.91M | -152.69M |
| Depreciation & Amortization | 22.58M | 22.39M | 21.89M | 20.98M | 7.84M | 755.00K |
| Other Amortization | 17.00K | 12.00K | ||||
| Loss (Gain) From Sale of Assets | 176.00K | 176.00K | 148.00K | |||
| Asset Writedown & Restructuring Costs | 3.78M | 3.78M | 2.01M | |||
| Loss (Gain) From Sale of Investments | 1.12M | 1.12M | -3.90M | |||
| Stock-Based Compensation | 27.15M | 14.48M | 43.03M | 54.03M | 63.29M | 41.40M |
| Provision & Write-off of Bad Debts | -122.00K | 844.00K | 7.69M | |||
| Other Operating Activities | 205.18M | 14.16M | -35.35M | 31.85M | -192.24M | 83.63M |
| Change in Accounts Receivable | 7.83M | 9.52M | 4.19M | -16.73M | 1.25M | -4.11M |
| Change in Inventory | -4.39M | 2.19M | 6.76M | -3.17M | -4.75M | -8.57M |
| Change in Accounts Payable | 985.00K | 6.23M | -10.69M | 13.68M | 7.14M | 361.00K |
| Change in Unearned Revenue | 457.00K | 29.00K | ||||
| Change in Other Net Operating Assets | -17.21M | -836.00K | -10.00M | 3.42M | -1.42M | -2.52M |
| Operating Cash Flow | -66.47M | -42.89M | -58.82M | -41.38M | -44.50M | -41.70M |
| Capital Expenditures | -1.37M | -1.48M | -6.77M | -4.78M | -4.64M | -2.75M |
| Sale of Property, Plant & Equipment | 46.00K | 92.00K | ||||
| Cash Acquisitions | -96.36M | |||||
| Investment in Securities | -1.43M | -2.50M | -1.00M | -6.70M | -724.00K | |
| Other Investing Activities | 97.00K | 6.00K | ||||
| Investing Cash Flow | -2.75M | -1.39M | -9.27M | -5.78M | -107.61M | -3.47M |
| Long-Term Debt Issued | 2.00M | |||||
| Long-Term Debt Repaid | -206.00K | -6.93M | -1.07M | |||
| Net Debt Issued (Repaid) | -313.00K | -206.00K | -6.93M | 933.00K | ||
| Issuance of Common Stock | 482.23M | 202.53M | 3.50M | 90.14M | 1.71M | 517.00K |
| Repurchase of Common Stock | -550.00K | |||||
| Other Financing Activities | -15.75M | -7.69M | -482.00K | -38.00K | 273.10M | |
| Financing Cash Flow | 466.16M | 194.64M | 3.50M | 89.66M | -5.81M | 274.55M |
| Net Cash Flow | 396.93M | 150.36M | -64.60M | 42.50M | -157.91M | 229.38M |
| Free Cash Flow | -67.85M | -44.37M | -65.59M | -46.16M | -49.14M | -44.45M |
| Free Cash Flow Margin | -185.70% | -96.63% | -78.74% | -58.10% | -129.51% | -187.26% |
| Free Cash Flow Per Share | -0.30 | -0.22 | -0.36 | -0.27 | -0.34 | -1.14 |
| Levered Free Cash Flow | -3.81M | 40.34M | 9.99M | 47.88M | 56.24M | 24.87M |
| Unlevered Free Cash Flow | -3.81M | 40.34M | 10.09M | 47.88M | 56.22M | 25.02M |
| Cash Interest Paid | 38.00K | 29.00K | 290.00K | 265.00K | ||
| Cash Income Tax Paid | 118.00K | 243.00K | 296.00K | 160.00K | 193.00K | 32.00K |
| Change in Working Capital | -12.78M | 17.10M | -9.74M | -2.80M | 2.68M | -14.81M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.17B | 1.65B | 666.86M | 1.44B | 538.59M | 2.00B |
| Enterprise Value | 1.62B | 1.50B | 576.11M | 1.27B | 429.43M | 2.11B |
| Last Close Price | 8.48 | 7.14 | 3.57 | 8.07 | 3.51 | 17.01 |
| PE Ratio | 7.29 | |||||
| PS Ratio | 60.60 | 35.84 | 8.01 | 18.19 | 14.20 | 84.37 |
| PB Ratio | 2.76 | 3.71 | 1.92 | 3.80 | 1.40 | 30.56 |
| P/TBV Ratio | 3.72 | 7.24 | 5.92 | 11.44 | 4.72 | 30.64 |
| EV/Sales Ratio | 45.49 | 32.72 | 6.92 | 16.04 | 11.32 | 88.84 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.11 |
| Net Debt / Equity Ratio | -0.69 | -0.52 | -0.23 | -0.38 | -0.27 | -3.99 |
| Net Debt / EBITDA Ratio | 7.93 | 3.77 | 0.77 | 1.48 | 0.94 | 3.86 |
| Net Debt / FCF Ratio | 8.14 | 5.19 | 1.21 | 3.10 | 2.11 | 5.88 |
| Asset Turnover | 0.06 | 0.10 | 0.19 | 0.17 | 0.10 | 0.14 |
| Inventory Turnover | 1.31 | 2.20 | 2.92 | 2.34 | 1.68 | 1.70 |
| Quick Ratio | 20.34 | 4.61 | 4.76 | 3.67 | 5.87 | 25.77 |
| Current Ratio | 21.79 | 4.99 | 5.76 | 4.25 | 6.99 | 27.16 |
| Return on Equity (ROE) | -52.60% | -29.55% | -23.22% | -38.14% | 32.37% | -297.58% |
| Return on Assets (ROA) | -8.99% | -11.72% | -17.95% | -16.21% | -20.42% | -24.89% |
| Return on Capital Employed (ROCE) | -11.50% | -18.60% | -34.10% | -27.00% | -29.10% | -24.00% |
| Earnings Yield | -16.58% | -7.11% | -12.69% | -10.06% | 13.72% | -7.62% |
| FCF Yield | -3.06% | -2.70% | -9.84% | -3.19% | -9.12% | -2.22% |
| Buyback Yield / Dilution | -20.34% | -12.67% | -8.01% | -15.91% | -272.11% | -141.09% |