Ceva Inc Financials
This page shows Ceva Inc (CEVA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ceva Inc has an operating margin of -7.1%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -13.8% the prior year.
Ceva Inc's revenue grew 9.8% year-over-year to $106.9M, a solid pace of expansion. This earns a growth score of 56/100.
Ceva Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.09, Ceva Inc holds $7.09 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Ceva Inc generated $3.5M in operating cash flow, capex of $3.0M consumed most of it, leaving $516K in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.
Ceva Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Ceva Inc generates $-0.40 in operating cash flow ($3.5M OCF vs -$8.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Ceva Inc generated $106.9M in revenue in fiscal year 2024. This represents an increase of 9.8% from the prior year.
Ceva Inc's EBITDA was -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.9% from the prior year.
Ceva Inc generated $516K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 105.6% from the prior year.
Ceva Inc reported -$8.8M in net income in fiscal year 2024. This represents an increase of 26.0% from the prior year.
Ceva Inc earned $-0.37 per diluted share (EPS) in fiscal year 2024. This represents an increase of 27.5% from the prior year.
Ceva Inc held $18.5M in cash against $0 in long-term debt as of fiscal year 2024.
Ceva Inc had 24M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Ceva Inc's gross margin was 88.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
Ceva Inc's operating margin was -7.1% in fiscal year 2024, reflecting core business profitability. This is up 6.8 percentage points from the prior year.
Ceva Inc's net profit margin was -8.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.0 percentage points from the prior year.
Ceva Inc invested $71.6M in research and development in fiscal year 2024. This represents a decrease of 1.5% from the prior year.
Ceva Inc spent $8.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 37.2% from the prior year.
Ceva Inc invested $3.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 2.5% from the prior year.
CEVA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.4M+10.5% | $25.7M+5.9% | $24.2M-17.0% | $29.2M+2.8% | $28.4M+28.8% | $22.1M-8.6% | $24.2M+0.4% | $24.1M |
| Cost of Revenue | $3.4M-4.4% | $3.5M+1.8% | $3.5M+3.4% | $3.4M+14.9% | $2.9M+17.2% | $2.5M+10.8% | $2.3M-4.2% | $2.4M |
| Gross Profit | $25.0M+12.9% | $22.1M+6.6% | $20.8M-19.7% | $25.9M+1.4% | $25.5M+30.3% | $19.6M-10.7% | $21.9M+0.9% | $21.7M |
| R&D Expenses | $19.5M+4.1% | $18.8M+6.5% | $17.6M+4.3% | $16.9M-10.0% | $18.8M+4.3% | $18.0M-0.8% | $18.1M+1.9% | $17.8M |
| SG&A Expenses | $4.4M0.0% | $4.4M+11.4% | $3.9M-23.3% | $5.1M+44.9% | $3.5M-1.0% | $3.6M+0.1% | $3.6M-1.1% | $3.6M |
| Operating Income | -$2.1M+53.5% | -$4.5M-2.3% | -$4.4M-6021.6% | $74K+311.4% | -$35K+99.3% | -$5.0M-78.0% | -$2.8M-2.6% | -$2.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.7M+47.2% | $1.1M+14.5% | $991K-42.9% | $1.7M+8.2% | $1.6M-4.8% | $1.7M-76.4% | $7.2M+540.3% | $1.1M |
| Net Income | -$2.5M+32.3% | -$3.7M-11.3% | -$3.3M-91.6% | -$1.7M-496.6% | -$291K+94.7% | -$5.4M-244.5% | $3.8M+176.0% | -$5.0M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CEVA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $306.0M+1.0% | $302.8M-2.3% | $310.0M+0.3% | $308.9M+2.8% | $300.4M-0.3% | $301.4M-0.9% | $304.1M+2.7% | $296.0M |
| Current Assets | $214.4M+2.7% | $208.8M-3.8% | $217.0M+0.3% | $216.3M+4.4% | $207.3M+0.7% | $205.8M-1.7% | $209.4M+22.3% | $171.3M |
| Cash & Equivalents | $17.3M-40.6% | $29.1M+54.6% | $18.8M+1.7% | $18.5M-25.1% | $24.7M+16.4% | $21.2M-8.9% | $23.3M+36.3% | $17.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $49.7M+35.5% | $36.7M-10.1% | $40.8M+9.7% | $37.2M+4.4% | $35.7M+6.0% | $33.6M+11.0% | $30.3M-2.4% | $31.1M |
| Goodwill | $58.3M0.0% | $58.3M0.0% | $58.3M0.0% | $58.3M0.0% | $58.3M0.0% | $58.3M0.0% | $58.3M0.0% | $58.3M |
| Total Liabilities | $37.3M+0.9% | $37.0M-9.6% | $40.9M-3.6% | $42.4M+15.8% | $36.6M-6.3% | $39.1M-1.6% | $39.7M+1.2% | $39.3M |
| Current Liabilities | $24.7M+1.5% | $24.3M-16.4% | $29.1M-4.6% | $30.5M+22.2% | $25.0M-6.6% | $26.8M-0.5% | $26.9M+4.7% | $25.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $268.7M+1.1% | $265.9M-1.2% | $269.1M+1.0% | $266.6M+1.1% | $263.8M+0.5% | $262.3M-0.8% | $264.3M+3.0% | $256.7M |
| Retained Earnings | $1.1M-69.8% | $3.7M-50.3% | $7.4M-34.3% | $11.2M-21.6% | $14.3M-2.6% | $14.6M-27.4% | $20.2M+23.0% | $16.4M |
CEVA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.9M-595.3% | $1.2M+116.0% | -$7.4M-192.1% | $8.0M+237.9% | $2.4M+132.4% | -$7.3M-252.7% | $4.8M+475.7% | -$1.3M |
| Capital Expenditures | $426K-38.4% | $691K+122.2% | $311K-69.8% | $1.0M+69.2% | $608K-32.7% | $904K+18.8% | $761K-14.7% | $892K |
| Free Cash Flow | -$6.3M-1377.4% | $492K+106.4% | -$7.7M-210.0% | $7.0M+295.8% | $1.8M+121.5% | -$8.3M-303.7% | $4.1M+286.5% | -$2.2M |
| Investing Cash Flow | -$6.2M-142.5% | $14.6M+133.5% | $6.2M+550.0% | -$1.4M-144.9% | $3.1M-39.5% | $5.1M+40.7% | $3.6M+150.6% | -$7.2M |
| Financing Cash Flow | $606K+110.3% | -$5.9M-533.7% | $1.4M+235.8% | -$1.0M+49.9% | -$2.0M-823.9% | $276K+108.7% | -$3.2M-146.3% | -$1.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $988K-84.0% | $6.2M | $0-100.0% | $1.0M-49.9% | $2.0M+56.3% | $1.3M-59.6% | $3.2M+5.2% | $3.0M |
CEVA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.0%+1.9pp | 86.2%+0.6pp | 85.6%-2.8pp | 88.5%-1.2pp | 89.7%+1.0pp | 88.7%-2.0pp | 90.6%+0.4pp | 90.2% |
| Operating Margin | -7.3%+10.1pp | -17.4%+0.6pp | -18.1%-18.3pp | 0.3%+0.4pp | -0.1%+22.4pp | -22.5%-10.9pp | -11.5%-0.2pp | -11.3% |
| Net Margin | -8.8%+5.6pp | -14.4%-0.7pp | -13.7%-7.8pp | -5.9%-4.9pp | -1.0%+23.7pp | -24.7%-40.3pp | 15.6%+36.2pp | -20.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 1.4% | N/A |
| Return on Assets | -0.8%+0.4pp | -1.2%-0.2pp | -1.1%-0.5pp | -0.6%-0.5pp | -0.1%+1.7pp | -1.8%-3.0pp | 1.2%+2.9pp | -1.7% |
| Current Ratio | 8.68+0.1 | 8.58+1.1 | 7.45+0.4 | 7.09-1.2 | 8.30+0.6 | 7.69-0.1 | 7.79+1.1 | 6.67 |
| Debt-to-Equity | 0.140.0 | 0.14-0.0 | 0.150.0 | 0.16+0.0 | 0.14-0.0 | 0.150.0 | 0.150.0 | 0.15 |
| FCF Margin | -22.1%-24.1pp | 1.9%+33.7pp | -31.8%-55.8pp | 24.0%+17.8pp | 6.2%+43.6pp | -37.4%-54.2pp | 16.8%+25.8pp | -9.0% |
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Frequently Asked Questions
What is Ceva Inc's annual revenue?
Ceva Inc (CEVA) reported $106.9M in total revenue for fiscal year 2024. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ceva Inc's revenue growing?
Ceva Inc (CEVA) revenue grew by 9.8% year-over-year, from $97.4M to $106.9M in fiscal year 2024.
Is Ceva Inc profitable?
No, Ceva Inc (CEVA) reported a net income of -$8.8M in fiscal year 2024, with a net profit margin of -8.2%.
What is Ceva Inc's earnings per share (EPS)?
Ceva Inc (CEVA) reported diluted earnings per share of $-0.37 for fiscal year 2024. This represents a 27.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ceva Inc's EBITDA?
Ceva Inc (CEVA) had EBITDA of -$3.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ceva Inc's gross margin?
Ceva Inc (CEVA) had a gross margin of 88.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ceva Inc's operating margin?
Ceva Inc (CEVA) had an operating margin of -7.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ceva Inc's net profit margin?
Ceva Inc (CEVA) had a net profit margin of -8.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ceva Inc's free cash flow?
Ceva Inc (CEVA) generated $516K in free cash flow during fiscal year 2024. This represents a 105.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ceva Inc's operating cash flow?
Ceva Inc (CEVA) generated $3.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ceva Inc's total assets?
Ceva Inc (CEVA) had $308.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ceva Inc's capital expenditures?
Ceva Inc (CEVA) invested $3.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ceva Inc spend on research and development?
Ceva Inc (CEVA) invested $71.6M in research and development during fiscal year 2024.
Does Ceva Inc buy back shares?
Yes, Ceva Inc (CEVA) spent $8.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Ceva Inc have outstanding?
Ceva Inc (CEVA) had 24M shares outstanding as of fiscal year 2024.
What is Ceva Inc's current ratio?
Ceva Inc (CEVA) had a current ratio of 7.09 as of fiscal year 2024, which is generally considered healthy.
What is Ceva Inc's debt-to-equity ratio?
Ceva Inc (CEVA) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ceva Inc's return on assets (ROA)?
Ceva Inc (CEVA) had a return on assets of -2.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ceva Inc's Piotroski F-Score?
Ceva Inc (CEVA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ceva Inc's earnings high quality?
Ceva Inc (CEVA) has an earnings quality ratio of -0.40x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ceva Inc?
Ceva Inc (CEVA) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.