Nve Corp Financials
This page shows Nve Corp (NVEC) 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Nve Corp has an operating margin of 61.8%, meaning the company retains $62 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 62.1% the prior year.
Nve Corp's revenue declined 13.2% year-over-year, from $29.8M to $25.9M. This contraction results in a growth score of 0/100.
Nve Corp carries a low D/E ratio of 0.03, meaning only $0.03 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 28.40, Nve Corp holds $28.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Nve Corp converts 50.4% of revenue into free cash flow ($13.1M). This strong cash generation earns a score of 100/100.
Nve Corp earns a strong 24.2% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 97/100. This is down from 26.1% the prior year.
Nve Corp scores 98.30, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($319.6M) relative to total liabilities ($2.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Nve Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Nve Corp generates $0.95 in operating cash flow ($14.3M OCF vs $15.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Nve Corp generated $25.9M in revenue in fiscal year 2025. This represents a decrease of 13.2% from the prior year.
Nve Corp's EBITDA was $16.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.3% from the prior year.
Nve Corp generated $13.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 28.4% from the prior year.
Nve Corp reported $15.1M in net income in fiscal year 2025. This represents a decrease of 12.0% from the prior year.
Nve Corp earned $3.11 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 12.1% from the prior year.
Nve Corp held $8.0M in cash against $0 in long-term debt as of fiscal year 2025.
Nve Corp paid $4.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Nve Corp had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Nve Corp's gross margin was 83.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.3 percentage points from the prior year.
Nve Corp's operating margin was 61.8% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Nve Corp's net profit margin was 58.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Nve Corp's ROE was 24.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.
Nve Corp invested $3.6M in research and development in fiscal year 2025. This represents an increase of 33.1% from the prior year.
Nve Corp invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7413.7% from the prior year.
NVEC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2M-1.9% | $6.3M+4.0% | $6.1M+20.6% | $5.1M-25.1% | $6.8M-0.4% | $6.8M+0.4% | $6.8M-5.3% | $7.1M |
| Cost of Revenue | $1.3M-3.3% | $1.4M+16.6% | $1.2M+48.3% | $798K-15.8% | $947K-2.9% | $975K-28.0% | $1.4M-15.3% | $1.6M |
| Gross Profit | $4.9M-1.5% | $5.0M+0.9% | $4.9M+15.4% | $4.3M-26.6% | $5.8M+0.1% | $5.8M+7.5% | $5.4M-2.4% | $5.5M |
| R&D Expenses | $796K-8.9% | $873K+21.3% | $720K-17.2% | $870K+2.6% | $848K-3.5% | $879K+62.4% | $541K-20.8% | $683K |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $3.7M+2.4% | $3.7M-3.3% | $3.8M+27.8% | $3.0M-32.6% | $4.4M+0.2% | $4.4M-1.8% | $4.5M-3.2% | $4.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $822K-1.6% | $835K+18.2% | $706K+35.4% | $522K-37.4% | $834K+6.2% | $785K+0.9% | $778K+90.8% | $408K |
| Net Income | $3.4M+2.2% | $3.3M-7.4% | $3.6M+17.3% | $3.0M-24.3% | $4.0M-1.7% | $4.1M-2.1% | $4.2M-11.4% | $4.7M |
| EPS (Diluted) | $0.70+2.9% | $0.68-8.1% | $0.74+17.5% | $0.63-24.1% | $0.83-2.4% | $0.85-2.3% | $0.87-11.2% | $0.98 |
NVEC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $60.0M-2.5% | $61.5M-3.2% | $63.6M-1.6% | $64.6M-2.0% | $65.9M-1.2% | $66.7M-1.4% | $67.6M-0.1% | $67.7M |
| Current Assets | $31.1M+8.0% | $28.8M+9.9% | $26.2M-13.6% | $30.3M-10.5% | $33.8M+7.6% | $31.5M+7.7% | $29.2M+16.3% | $25.1M |
| Cash & Equivalents | $3.4M-33.3% | $5.1M+58.5% | $3.2M-41.3% | $5.5M+77.2% | $3.1M-48.4% | $6.0M+28.2% | $4.7M-32.6% | $7.0M |
| Inventory | $7.3M-2.0% | $7.4M-0.5% | $7.5M-4.3% | $7.8M+5.0% | $7.4M+3.5% | $7.2M-2.5% | $7.3M+5.5% | $7.0M |
| Accounts Receivable | $2.5M+1.7% | $2.4M+8.3% | $2.3M+66.3% | $1.4M-54.1% | $3.0M+40.6% | $2.1M-6.5% | $2.2M-23.0% | $2.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7M-6.3% | $1.8M-27.9% | $2.5M+52.5% | $1.6M+58.4% | $1.0M-44.1% | $1.8M+77.5% | $1.0M-15.8% | $1.2M |
| Current Liabilities | $892K-8.1% | $971K-40.3% | $1.6M+116.4% | $751K-19.4% | $932K-45.0% | $1.7M+109.2% | $810K-15.8% | $961K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $58.3M-2.4% | $59.7M-2.3% | $61.1M-3.0% | $63.0M-2.9% | $64.9M0.0% | $64.9M-2.6% | $66.6M+0.2% | $66.5M |
| Retained Earnings | $38.2M-3.7% | $39.7M-3.7% | $41.2M-5.1% | $43.4M-4.0% | $45.2M-1.8% | $46.0M-3.7% | $47.8M-1.3% | $48.4M |
NVEC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.2M+50.0% | $2.8M-46.2% | $5.2M+35.1% | $3.8M+80.1% | $2.1M-63.6% | $5.9M+23.7% | $4.7M-11.7% | $5.4M |
| Capital Expenditures | $9.0M+12645.4% | $70K-93.3% | $1.1M-89.6% | $10.2M+4763.1% | $209K-77.2% | $917K | $0-100.0% | $13K |
| Free Cash Flow | -$4.8M-276.0% | $2.7M-34.1% | $4.1M+165.5% | -$6.3M-428.0% | $1.9M-61.0% | $4.9M+4.3% | $4.7M-11.5% | $5.3M |
| Investing Cash Flow | -$1.1M-126.7% | $3.9M+176.0% | -$5.2M-258.1% | $3.3M+1665.1% | -$209K+96.1% | -$5.3M-144.6% | -$2.2M-143.4% | $5.0M |
| Financing Cash Flow | -$4.8M0.0% | -$4.8M0.0% | -$4.8M-2.5% | -$4.7M+2.3% | -$4.8M0.0% | -$4.8M0.0% | -$4.8M0.0% | -$4.8M |
| Dividends Paid | $4.8M0.0% | $4.8M0.0% | $4.8M0.0% | $4.8M0.0% | $4.8M0.0% | $4.8M0.0% | $4.8M0.0% | $4.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NVEC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.6%+0.3pp | 78.3%-2.3pp | 80.6%-3.6pp | 84.3%-1.7pp | 86.0%+0.4pp | 85.6%+5.7pp | 79.9%+2.4pp | 77.6% |
| Operating Margin | 60.2%+2.5pp | 57.6%-4.3pp | 62.0%+3.5pp | 58.5%-6.6pp | 65.0%+0.3pp | 64.7%-1.5pp | 66.2%+1.4pp | 64.8% |
| Net Margin | 54.4%+2.2pp | 52.2%-6.4pp | 58.6%-1.6pp | 60.2%+0.6pp | 59.6%-0.8pp | 60.4%-1.5pp | 61.9%-4.3pp | 66.2% |
| Return on Equity | 5.8%+0.3pp | 5.5%-0.3pp | 5.9%+1.0pp | 4.8%-1.4pp | 6.2%-0.1pp | 6.3%+0.0pp | 6.3%-0.8pp | 7.1% |
| Return on Assets | 5.6%+0.3pp | 5.4%-0.3pp | 5.6%+0.9pp | 4.7%-1.4pp | 6.1%-0.0pp | 6.1%-0.0pp | 6.2%-0.8pp | 7.0% |
| Current Ratio | 34.84+5.2 | 29.64+13.5 | 16.10-24.2 | 40.30+4.0 | 36.32+17.7 | 18.58-17.5 | 36.08+9.9 | 26.14 |
| Debt-to-Equity | 0.030.0 | 0.03-0.0 | 0.04+0.0 | 0.03+0.0 | 0.02-0.0 | 0.03+0.0 | 0.020.0 | 0.02 |
| FCF Margin | -77.0%-119.9pp | 42.9%-24.8pp | 67.7%+192.4pp | -124.7%-153.1pp | 28.5%-44.3pp | 72.8%+2.8pp | 70.0%-5.0pp | 75.0% |
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Frequently Asked Questions
What is Nve Corp's annual revenue?
Nve Corp (NVEC) reported $25.9M in total revenue for fiscal year 2025. This represents a -13.2% 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 Nve Corp's revenue growing?
Nve Corp (NVEC) revenue declined by 13.2% year-over-year, from $29.8M to $25.9M in fiscal year 2025.
Is Nve Corp profitable?
Yes, Nve Corp (NVEC) reported a net income of $15.1M in fiscal year 2025, with a net profit margin of 58.2%.
What is Nve Corp's earnings per share (EPS)?
Nve Corp (NVEC) reported diluted earnings per share of $3.11 for fiscal year 2025. This represents a -12.1% 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 Nve Corp's EBITDA?
Nve Corp (NVEC) had EBITDA of $16.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nve Corp's gross margin?
Nve Corp (NVEC) had a gross margin of 83.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nve Corp's operating margin?
Nve Corp (NVEC) had an operating margin of 61.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nve Corp's net profit margin?
Nve Corp (NVEC) had a net profit margin of 58.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Nve Corp pay dividends?
Yes, Nve Corp (NVEC) paid $4.00 per share in dividends during fiscal year 2025.
What is Nve Corp's return on equity (ROE)?
Nve Corp (NVEC) has a return on equity of 24.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nve Corp's free cash flow?
Nve Corp (NVEC) generated $13.1M in free cash flow during fiscal year 2025. This represents a -28.4% 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 Nve Corp's operating cash flow?
Nve Corp (NVEC) generated $14.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nve Corp's total assets?
Nve Corp (NVEC) had $64.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nve Corp's capital expenditures?
Nve Corp (NVEC) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Nve Corp spend on research and development?
Nve Corp (NVEC) invested $3.6M in research and development during fiscal year 2025.
How many shares does Nve Corp have outstanding?
Nve Corp (NVEC) had 5M shares outstanding as of fiscal year 2025.
What is Nve Corp's current ratio?
Nve Corp (NVEC) had a current ratio of 28.40 as of fiscal year 2025, which is generally considered healthy.
What is Nve Corp's debt-to-equity ratio?
Nve Corp (NVEC) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nve Corp's return on assets (ROA)?
Nve Corp (NVEC) had a return on assets of 23.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nve Corp's Altman Z-Score?
Nve Corp (NVEC) has an Altman Z-Score of 98.30, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nve Corp's Piotroski F-Score?
Nve Corp (NVEC) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Nve Corp's earnings high quality?
Nve Corp (NVEC) has an earnings quality ratio of 0.95x, 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 Nve Corp?
Nve Corp (NVEC) scores 83 out of 100 on our Financial Profile, indicating strong 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.