Navitas Semiconductor (NVTS) financial statements
Navitas Semiconductor reported revenue of $46M in fiscal 2025, up 31.1% a year over 5 years.
Net income was -$117M and the operating margin -234.7%, against -158.7% in 2020.
Free cash flow was -$44M.
The diluted share count rose 1165% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Navitas Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $12M | $24M | $38M | $79M | $83M | $46M |
| Cost of revenue | $8M | $13M | $26M | $48M | $55M | $32M |
| Gross profit | $4M | $11M | $12M | $31M | $28M | $14M |
| Research and development | $13M | $27M | $50M | $69M | $76M | $50M |
| Selling, general and admin | $9M | $51M | $78M | $62M | $63M | $35M |
| Operating income | -$19M | -$69M | -$124M | -$118M | -$131M | -$108M |
| Pre-tax income | -$19M | -$153M | $50M | -$146M | -$89M | -$116M |
| Income tax | $5,000 | $47,000 | -$23M | -$517,000 | -$342,000 | $50,000 |
| Net income | -$19M | -$153M | $74M | -$145M | -$85M | -$117M |
| EPS (diluted) | -$1.17 | -$3.90 | $0.51 | -$0.86 | -$0.46 | -$0.57 |
| Diluted shares | 16M | 39M | 146M | 169M | 182M | 206M |
| Gross margin | 31.4% | 45.0% | 31.5% | 39.1% | 34.0% | 31.0% |
| Operating margin | -158.7% | -288.6% | -325.8% | -148.7% | -156.9% | -234.7% |
| Net margin | -160.7% | -643.3% | 194.8% | -183.0% | -101.6% | -254.7% |
Balance sheet
Fiscal years, from Navitas Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $39M | $268M | $110M | $153M | $87M | $237M |
| Receivables | $4M | $8M | $9M | $26M | $14M | $4M |
| Inventory | $3M | $12M | $19M | $22M | $15M | $13M |
| Total current assets | $47M | $291M | $142M | $206M | $122M | $260M |
| Property, plant and equipment | $722,000 | $2M | $7M | $9M | $15M | $10M |
| Goodwill | — | $0 | $162M | $163M | $163M | $163M |
| Total assets | $49M | $296M | $425M | $486M | $390M | $500M |
| Total current liabilities | $6M | $11M | $20M | $48M | $21M | $52M |
| Long-term debt | $5M | $4M | $0 | — | — | — |
| Total liabilities | $11M | $230M | $41M | $105M | $42M | $57M |
| Shareholders' equity | -$72M | $66M | $381M | $381M | $348M | $444M |
| Net debt | -$33M | -$261M | -$110M | -$153M | -$87M | -$237M |
Cash flow
Fiscal years, from Navitas Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$21M | -$42M | -$44M | -$41M | -$59M | -$43M |
| Capital spending | $223,000 | $2M | $5M | $5M | $7M | $1M |
| Free cash flow | -$21M | -$44M | -$49M | -$46M | -$66M | -$44M |
| Stock-based compensation | $1M | $41M | $63M | $54M | $43M | $14M |
| Share buybacks (net) | — | $0 | -$550,000 | $0 | — | — |
| Net borrowing | $1M | $933,000 | -$7M | $0 | — | — |
| Free cash flow margin | -175.9% | -184.4% | -129.5% | -58.1% | -78.7% | -96.6% |
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Open NVTS in InvestinglyQuestions
What was Navitas Semiconductor's revenue in 2025?
$46M in fiscal 2025, from its 10-K filing.
How much free cash flow does Navitas Semiconductor generate?
-$44M in fiscal 2025 (operating cash flow minus capital spending).
From Navitas Semiconductor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.