CEVA (CEVA) financial statements
CEVA reported revenue of $110M in fiscal 2025, up 4.7% a year over 9 years.
Net income was -$11M and the operating margin -10.4%, against 19.8% in 2016.
Free cash flow was -$6M, and the company returned $7M in net buybacks.
The diluted share count rose 13% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CEVA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $73M | $88M | $78M | $87M | $100M | $114M | $121M | $97M | $107M | $110M |
| Cost of revenue | $6M | $7M | $8M | $10M | $11M | $10M | $15M | $12M | $13M | $14M |
| Gross profit | $67M | $81M | $70M | $77M | $90M | $103M | $105M | $86M | $94M | $95M |
| Research and development | $31M | $40M | $48M | $53M | $62M | $69M | $70M | $73M | $72M | $75M |
| Selling, general and admin | $20M | $23M | $23M | $24M | $26M | $25M | $26M | $26M | $30M | $31M |
| Operating income | $14M | $16M | -$1M | -$2M | -$763,000 | $7M | $4M | -$13M | -$8M | -$11M |
| Pre-tax income | $16M | $19M | $1M | $1M | $3M | $9M | $4M | -$8M | -$3M | -$5M |
| Income tax | $3M | $2M | $729,000 | $1M | $5M | $7M | $18M | $10M | $6M | $6M |
| Net income | $13M | $17M | $574,000 | $28,000 | -$2M | $396,000 | -$23M | -$12M | -$9M | -$11M |
| EPS (diluted) | $0.61 | $0.75 | $0.03 | $0.00 | -$0.11 | $0.02 | -$1.00 | -$0.51 | -$0.37 | -$0.44 |
| Diluted shares | 22M | 23M | 23M | 22M | 22M | 23M | 23M | 23M | 24M | 24M |
| Gross margin | 91.6% | 92.1% | 89.8% | 88.4% | 89.3% | 90.9% | 87.5% | 88.0% | 88.1% | 87.1% |
| Operating margin | 19.8% | 18.1% | -1.6% | -2.2% | -0.8% | 6.2% | 3.2% | -13.8% | -7.1% | -10.4% |
| Net margin | 18.0% | 19.5% | 0.7% | 0.0% | -2.4% | 0.3% | -19.2% | -12.2% | -8.2% | -9.7% |
Balance sheet
Fiscal years, from CEVA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $80M | $104M | $100M | $88M | $110M | $123M | $133M | $156M | $162M | $220M |
| Receivables | $15M | $16M | $26M | $28M | $31M | $27M | $30M | $30M | $49M | $49M |
| Total current assets | $145M | $159M | $177M | $179M | $168M | $189M | $178M | $209M | $216M | $285M |
| Property, plant and equipment | $5M | $7M | $7M | $8M | $8M | $7M | $7M | $7M | $7M | $7M |
| Goodwill | $47M | $47M | $47M | $51M | $51M | $75M | $57M | $58M | $58M | $58M |
| Total assets | $242M | $277M | $277M | $297M | $307M | $329M | $308M | $304M | $309M | $388M |
| Total current liabilities | $23M | $23M | $22M | $26M | $28M | $35M | $33M | $27M | $31M | $29M |
| Total liabilities | $31M | $32M | $31M | $46M | $46M | $52M | $50M | $40M | $42M | $52M |
| Shareholders' equity | $212M | $245M | $246M | $251M | $261M | $277M | $259M | $264M | $267M | $336M |
| Net debt | -$18M | -$22M | -$22M | -$23M | -$21M | -$33M | -$21M | -$23M | -$18M | -$41M |
Cash flow
Fiscal years, from CEVA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14M | $24M | $9M | $10M | $15M | $26M | $7M | -$6M | $3M | -$3M |
| Capital spending | $2M | $4M | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $3M |
| Free cash flow | $12M | $20M | $5M | $6M | $12M | $24M | $3M | -$9M | $516,000 | -$6M |
| Stock-based compensation | $6M | $9M | $10M | $11M | $14M | $13M | $15M | $16M | $16M | $20M |
| Share buybacks (net) | -$3M | $0 | -$20M | -$9M | -$5M | $0 | -$7M | -$6M | -$8M | -$7M |
| Free cash flow margin | 16.6% | 23.2% | 6.8% | 7.1% | 12.2% | 20.7% | 2.8% | -9.5% | 0.5% | -5.7% |
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Open CEVA in InvestinglyQuestions
What was CEVA's revenue in 2025?
$110M in fiscal 2025, from its 10-K filing.
How much free cash flow does CEVA generate?
-$6M in fiscal 2025 (operating cash flow minus capital spending).
From CEVA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.