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Navitas Semiconductor Corp Financials

NVTS
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Navitas Semiconductor Corp (NVTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Rhea AI NVTS FY2025

Navitas is still funded like a development-stage chip company: external capital rather than product revenue is carrying a large fixed R&D base.

Cash climbed to $236.9M in FY2025 from $86.7M in FY2024, even though operating cash flow remained negative. Financing cash flow of $194.6M more than offset operating cash burn of -$42.9M, so the stronger liquidity came from outside capital while revenue still sat below R&D spending.

This is not a capex-heavy burn story: capital spending was only $1.5M in FY2025 against free cash flow of -$44.4M. The drain is mainly from the operating model, and gross margin compression from 34.0% to 31.0% left even less contribution to absorb engineering and go-to-market costs.

The balance sheet is liquid despite ongoing losses: cash of $236.9M was more than 4x total liabilities of $56.8M. With receivables and inventory both shrinking versus FY2024, part of the cash improvement came from working-capital release, which cushioned the burn but does not mean the core business is self-funding yet.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&D Intensity Revenue Progress Burn Trend Balance Sheet 49 / 100
Financial Health Score 49/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Navitas Semiconductor Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway
71
R&D Intensity
66
Revenue Progress
19
Burn Trend
40
Balance Sheet
95
Altman Z-Score Safe
33.13

Navitas Semiconductor Corp scores 33.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.3B) relative to total liabilities ($56.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
1/7

Navitas Semiconductor Corp passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
0.37x

For every $1 of reported earnings, Navitas Semiconductor Corp generates $0.37 in operating cash flow (-$42.9M OCF vs -$117.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$45.9M
YoY-44.9%
5Y CAGR+31.1%

Navitas Semiconductor Corp generated $45.9M in revenue in fiscal year 2025. This represents a decrease of 44.9% from the prior year.

EBITDA
-$85.4M
YoY+21.5%

Navitas Semiconductor Corp's EBITDA was -$85.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the prior year.

Net Income
-$117.0M
YoY-38.2%

Navitas Semiconductor Corp reported -$117.0M in net income in fiscal year 2025. This represents a decrease of 38.2% from the prior year.

EPS (Diluted)
$-0.57
YoY-23.9%

Navitas Semiconductor Corp earned $-0.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 23.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$44.4M
YoY+32.4%

Navitas Semiconductor Corp generated -$44.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 32.4% from the prior year.

Cash & Debt
$236.9M
YoY+173.1%
5Y CAGR+43.5%

Navitas Semiconductor Corp held $236.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
31.0%
YoY-3.0pp
5Y CAGR-0.3pp

Navitas Semiconductor Corp's gross margin was 31.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.0 percentage points from the prior year.

Operating Margin
-234.7%
YoY-77.8pp
5Y CAGR-76.0pp

Navitas Semiconductor Corp's operating margin was -234.7% in fiscal year 2025, reflecting core business profitability. This is down 77.8 percentage points from the prior year.

Net Margin
-254.7%
YoY-153.1pp
5Y CAGR-94.0pp

Navitas Semiconductor Corp's net profit margin was -254.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 153.1 percentage points from the prior year.

Return on Equity
-26.4%
YoY-2.0pp

Navitas Semiconductor Corp's ROE was -26.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending
$49.8M
YoY-34.4%
5Y CAGR+30.7%

Navitas Semiconductor Corp invested $49.8M in research and development in fiscal year 2025. This represents a decrease of 34.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$1.5M
YoY-78.2%
5Y CAGR+46.0%

Navitas Semiconductor Corp invested $1.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 78.2% from the prior year.

NVTS Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $8.6M+17.8% $7.3M-27.8% $10.1M-30.2% $14.5M+3.4% $14.0M-22.0% $18.0M-17.1% $21.7M+5.9% $20.5M
Cost of Revenue $5.4M+18.8% $4.5M-28.1% $6.3M-48.4% $12.2M+39.6% $8.7M-44.7% $15.8M+20.6% $13.1M+4.7% $12.5M
Gross Profit $3.2M+16.4% $2.8M-27.4% $3.8M+64.6% $2.3M-56.1% $5.3M+138.8% $2.2M-74.2% $8.6M+7.8% $8.0M
R&D Expenses $14.6M+17.6% $12.4M-6.7% $13.3M+15.5% $11.5M-9.3% $12.7M-33.2% $19.0M+6.4% $17.8M-6.0% $19.0M
SG&A Expenses $11.3M+7.4% $10.5M+100.3% $5.2M-32.5% $7.8M-34.0% $11.7M-28.2% $16.4M+8.7% $15.0M-2.2% $15.4M
Operating Income -$27.8M+32.9% -$41.4M-113.2% -$19.4M+10.3% -$21.7M+14.4% -$25.3M+35.1% -$39.0M-34.6% -$29.0M+6.9% -$31.1M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $67K+209.8% -$61K-221.1% -$19K-139.6% $48K-41.5% $82K+113.7% -$598K-578.4% $125K+104.9% $61K
Net Income -$33.8M-6.2% -$31.8M-65.4% -$19.2M+60.8% -$49.1M-191.6% -$16.8M+57.8% -$39.9M-112.8% -$18.7M+16.1% -$22.3M
EPS (Diluted) $-0.15 N/A $-0.09+64.0% $-0.25-177.8% $-0.09 N/A $-0.10+16.7% $-0.12

NVTS Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $481.4M-3.8% $500.5M+16.3% $430.2M-4.3% $449.4M+21.2% $370.8M-4.9% $390.0M-7.0% $419.4M-4.5% $439.1M
Current Assets $246.2M-5.3% $259.9M+45.3% $178.8M-7.3% $192.9M+78.1% $108.3M-11.1% $121.8M-16.1% $145.2M-11.8% $164.6M
Cash & Equivalents $221.0M-6.7% $236.9M+57.3% $150.6M-6.6% $161.2M+114.5% $75.1M-13.4% $86.7M-11.8% $98.3M-12.0% $111.7M
Inventory $14.9M+12.4% $13.3M-9.4% $14.7M-3.0% $15.1M-5.8% $16.1M+3.8% $15.5M-27.3% $21.3M-15.4% $25.2M
Accounts Receivable $3.7M+2.9% $3.6M-63.0% $9.8M-21.5% $12.5M+0.4% $12.4M-11.1% $14.0M-33.7% $21.1M-7.0% $22.7M
Goodwill $163.2M0.0% $163.2M0.0% $163.2M0.0% $163.2M0.0% $163.2M0.0% $163.2M0.0% $163.2M0.0% $163.2M
Total Liabilities $61.3M+7.9% $56.8M-4.1% $59.2M-2.2% $60.6M+108.8% $29.0M-30.9% $42.0M+8.8% $38.6M-24.3% $51.0M
Current Liabilities $56.9M+9.1% $52.1M+131.3% $22.5M-3.8% $23.4M+21.3% $19.3M-8.7% $21.1M-18.6% $26.0M-10.3% $29.0M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $420.0M-5.3% $443.7M+19.6% $371.0M-4.6% $388.9M+13.8% $341.8M-1.8% $348.0M-8.6% $380.8M-1.9% $388.1M
Retained Earnings -$535.5M-6.7% -$501.7M-6.8% -$469.9M-4.3% -$450.7M-12.2% -$401.6M-4.4% -$384.8M-11.6% -$344.9M-5.7% -$326.2M

NVTS Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$16.4M-101.8% -$8.1M+19.1% -$10.0M+10.8% -$11.2M+17.0% -$13.5M-32.8% -$10.2M+25.8% -$13.7M+9.3% -$15.1M
Capital Expenditures $388K+708.3% $48K-93.2% $710K+4.6% $679K+1556.1% $41K-92.7% $562K-1.4% $570K-79.2% $2.7M
Free Cash Flow -$16.8M-105.4% -$8.2M+24.0% -$10.7M+9.9% -$11.9M+12.3% -$13.6M-26.2% -$10.8M+24.8% -$14.3M+20.0% -$17.9M
Investing Cash Flow -$388K-19300.0% -$2K+99.7% -$710K-12.2% -$633K-1443.9% -$41K+92.7% -$562K+1.4% -$570K+79.2% -$2.7M
Financing Cash Flow $1.5M-98.4% $95.5M+15605.8% $608K-99.4% $97.6M+10183.6% $949K+151.1% $378K-58.6% $914K+410.6% $179K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

NVTS Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 37.6%-0.5pp 38.1%+0.2pp 37.9%+21.8pp 16.1%-21.8pp 37.9%+25.5pp 12.4%-27.4pp 39.7%+0.7pp 39.0%
Operating Margin -322.9%+244.4pp -567.3%-375.3pp -192.0%-42.6pp -149.4%+31.1pp -180.5%+36.4pp -216.9%-83.3pp -133.6%+18.5pp -152.1%
Net Margin -392.9%+43.1pp -436.1%-245.8pp -190.2%+148.5pp -338.7%-218.6pp -120.0%+101.7pp -221.7%-135.3pp -86.4%+22.7pp -109.1%
Return on Equity -8.0%-0.9pp -7.2%-2.0pp -5.2%+7.4pp -12.6%-7.7pp -4.9%+6.5pp -11.5%-6.5pp -4.9%+0.8pp -5.8%
Return on Assets -7.0%-0.7pp -6.4%-1.9pp -4.5%+6.5pp -10.9%-6.4pp -4.5%+5.7pp -10.2%-5.8pp -4.5%+0.6pp -5.1%
Current Ratio 4.33-0.7 4.99-2.9 7.94-0.3 8.23+2.6 5.61-0.2 5.76+0.2 5.59-0.1 5.68
Debt-to-Equity 0.15+0.0 0.13-0.0 0.160.0 0.16+0.1 0.08-0.0 0.12+0.0 0.10-0.0 0.13
FCF Margin -194.8%-83.0pp -111.8%-5.7pp -106.1%-23.9pp -82.2%+14.6pp -96.8%-37.0pp -59.8%+6.1pp -65.9%+21.4pp -87.3%

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Frequently Asked Questions

Navitas Semiconductor Corp (NVTS) reported $45.9M in total revenue for fiscal year 2025. This represents a -44.9% 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.

Navitas Semiconductor Corp (NVTS) revenue declined by 44.9% year-over-year, from $83.3M to $45.9M in fiscal year 2025.

No, Navitas Semiconductor Corp (NVTS) reported a net income of -$117.0M in fiscal year 2025, with a net profit margin of -254.7%.

Navitas Semiconductor Corp (NVTS) reported diluted earnings per share of $-0.57 for fiscal year 2025. This represents a -23.9% 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.

Navitas Semiconductor Corp (NVTS) had EBITDA of -$85.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Navitas Semiconductor Corp (NVTS) had a gross margin of 31.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Navitas Semiconductor Corp (NVTS) had an operating margin of -234.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Navitas Semiconductor Corp (NVTS) had a net profit margin of -254.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Navitas Semiconductor Corp (NVTS) has a return on equity of -26.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Navitas Semiconductor Corp (NVTS) generated -$44.4M in free cash flow during fiscal year 2025. This represents a 32.4% 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.

Navitas Semiconductor Corp (NVTS) generated -$42.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Navitas Semiconductor Corp (NVTS) had $500.5M in total assets as of fiscal year 2025, including both current and long-term assets.

Navitas Semiconductor Corp (NVTS) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Navitas Semiconductor Corp (NVTS) invested $49.8M in research and development during fiscal year 2025.

Navitas Semiconductor Corp (NVTS) had a current ratio of 4.99 as of fiscal year 2025, which is generally considered healthy.

Navitas Semiconductor Corp (NVTS) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Navitas Semiconductor Corp (NVTS) had a return on assets of -23.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Navitas Semiconductor Corp (NVTS) had $236.9M in cash against an annual operating cash burn of $42.9M. This gives an estimated cash runway of approximately 66 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Navitas Semiconductor Corp (NVTS) has an Altman Z-Score of 33.13, 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.

Navitas Semiconductor Corp (NVTS) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Navitas Semiconductor Corp (NVTS) has an earnings quality ratio of 0.37x, considered low quality (accrual-driven). 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.

Navitas Semiconductor Corp (NVTS) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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