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).
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
The balance sheet is liquid despite ongoing losses: cash of
Financial Health Signals
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.
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.
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.
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
Earnings & Revenue
Navitas Semiconductor Corp generated $45.9M in revenue in fiscal year 2025. This represents a decrease of 44.9% from the prior year.
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.
Navitas Semiconductor Corp reported -$117.0M in net income in fiscal year 2025. This represents a decrease of 38.2% from the prior year.
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
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.
Navitas Semiconductor Corp held $236.9M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
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.
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.
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.
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
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.
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% |