Here are the 10-K annual reports from NVE Corp (NVEC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NVEC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NVEC filings page.
NVE Corporation reports modestly higher results for the year ended March 31, 2026. Total revenue reached $26.3 million, up 1.8%, as product sales grew 2.4% and contract R&D declined 11% after certain contracts ended. Gross margin slipped to 79% of revenue from 84% due to a less profitable product mix and more distributor sales.
Operating expenses fell 15%, with research and development down 13% and selling, general, and administrative costs down 18% following resource shifts toward manufacturing and new products. Net income edged up 1% to $15.2 million, and the effective tax rate decreased to 15%, helped by $1.07 million of advanced manufacturing investment tax credits.
NVE ended the year with $1.7 million in cash and $41.8 million in marketable securities, representing about 69% of total assets, and paid $4.00 per share in cash dividends (about $19.3 million). The company continues to focus on spintronics-based sensors, couplers, power products, and MRAM, serving industrial, medical, and automation markets while highlighting risks from key customer dependence, supply-chain concentration, competition, and medical-device liability.