NVEC (NVEC) financial statements
NVEC reported revenue of $1M in fiscal 2026, down 30.2% a year over 9 years.
Net income was $15M and the operating margin 1435.2%, against 61.6% in 2017.
Free cash flow was $14M, and the company returned $19M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NVEC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28M | $30M | $26M | $25M | $21M | $1M | $1M | $586,116 | $1M | $1M |
| Cost of revenue | $6M | $6M | $5M | $5M | $4M | $6M | $8M | $7M | $4M | $6M |
| Gross profit | $22M | $24M | $21M | $21M | $17M | $21M | $30M | $23M | $22M | $21M |
| Research and development | $3M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $4M | $3M |
| Selling, general and admin | $1M | $1M | $1M | $1M | $1M | $1M | — | — | — | — |
| Operating income | $17M | $18M | $16M | $16M | $13M | $16M | $26M | $19M | $16M | $16M |
| Pre-tax income | $19M | $20M | $18M | $17M | $14M | $17M | $27M | $20M | $18M | $18M |
| Income tax | $6M | $6M | $3M | $3M | $3M | $3M | $4M | $3M | $3M | $3M |
| Net income | $13M | $14M | $4M | $15M | $12M | $15M | $23M | $17M | $15M | $15M |
| EPS (diluted) | $2.68 | $2.87 | $2.99 | $3.00 | $2.42 | $3.00 | $4.70 | $3.54 | $3.11 | $3.14 |
| Diluted shares | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M |
| Gross margin | 78.5% | 79.0% | 80.3% | 80.8% | 80.7% | 1851.5% | 2856.7% | 3929.5% | 1741.4% | 1868.9% |
| Operating margin | 61.6% | 61.8% | 60.2% | 61.1% | 59.6% | 1458.8% | 2426.4% | 3159.6% | 1287.2% | 1435.2% |
| Net margin | 45.7% | 46.6% | 13.6% | 57.2% | 54.7% | 1296.1% | 2147.3% | 2921.7% | 1212.3% | 1370.2% |
Balance sheet
Fiscal years, from NVEC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $26M | $19M | $27M | $18M | $31M | $17M | $22M | $22M | $20M |
| Receivables | $3M | $3M | $3M | $3M | $2M | $5M | $7M | $3M | $4M | $3M |
| Inventory | $3M | $4M | $4M | $4M | $4M | $5M | $6M | $7M | $7M | $7M |
| Total current assets | $35M | $33M | $27M | $34M | $24M | $42M | $31M | $33M | $33M | $32M |
| Property, plant and equipment | $1M | $1M | $894,835 | $582,467 | $336,683 | $606,385 | $1M | — | — | — |
| Total assets | $94M | $87M | $84M | $79M | $73M | $67M | $69M | $67M | $64M | $60M |
| Total current liabilities | $1M | $989,725 | $835,676 | $796,201 | $1M | $2M | $2M | $1M | $1M | $1M |
| Total liabilities | $1M | $989,725 | $835,676 | $2M | $2M | $3M | $2M | $1M | $2M | $2M |
| Shareholders' equity | $93M | $86M | $83M | $78M | $71M | $65M | $67M | $66M | $62M | $58M |
| Net debt | -$8M | -$5M | -$7M | -$8M | -$10M | -$10M | -$2M | -$10M | -$8M | -$2M |
Cash flow
Fiscal years, from NVEC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $15M | $14M | $16M | $13M | $13M | $19M | $18M | $14M | $17M |
| Capital spending | $519,835 | $604,800 | $68,265 | $52,041 | $62,727 | $484,579 | $935,791 | $16,731 | $1M | $2M |
| Free cash flow | $12M | $15M | $14M | $16M | $13M | $12M | $18M | $18M | $13M | $14M |
| Stock-based compensation | $22,000 | $40,920 | $93,360 | $48,360 | $45,572 | $81,855 | — | — | — | — |
| Dividends paid | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M |
| Share buybacks (net) | — | — | — | -$687,432 | -$91,419 | -$163,521 | -$20,697 | $0 | — | — |
| Free cash flow margin | 41.9% | 48.7% | 53.5% | 62.3% | 62.3% | 1073.8% | 1717.9% | 3110.4% | 1050.5% | 1304.3% |
| Dividends per share | $4.00 | $4.00 | $3.99 | $4.00 | $4.00 | $4.00 | $4.00 | $3.99 | $4.00 | $4.00 |
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Open NVEC in InvestinglyQuestions
What was NVEC's revenue in 2026?
$1M in fiscal 2026, from its 10-K filing.
How much free cash flow does NVEC generate?
$14M in fiscal 2026 (operating cash flow minus capital spending).
From NVEC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.