Navitas Semiconductor Corp (NVTS)
Navitas Semiconductor Corporation designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally. The company offers gallium nitride power integrated circuits, silicon carbide power devices, silicon system controllers, and digital isolators for power conversion and charging. Its products are used in automotive, data center, mobile, consumer electronics markets, and various other applications. The company was founded in 2014 and is based in Torrance, California.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
Navitas Semiconductor Corp
NASDAQ:NVTSTechnology · Semiconductors
PrePre-market+1.04%$8.70
Close$8.610.00%AH$8.61+1.04%Now$8.70
Close$8.61+9.54%AH$8.61+1.04%since
Mkt Cap$2.32B
Float226.66M
O/S269.51M
PM VOL94K sh
$ Vol≈$812K
RVOL0.67×
Inst Own52.6%
SI22.5%
Dilution
Financials Summary
Revenue$45.92M
Net Income-$116.95M
Total Assets$500.47M
Free Cash Flow-$44.37M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$6.47M
Total Equity$443.66M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NVTS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$500.47M
Liabilities$56.81M
Accounts Receivable$3.62M
Accounts Payable$9.33M
Inventory$13.28M
PP&E (Net)$15.71M
Goodwill$163.22M
Intangible Assets$53.26M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $45.92M | $83.3M | $79.46M | $37.94M | $23.74M | $11.85M | $1.69M |
| YoY Growth | -44.9% | 4.8% | 109.4% | 59.9% | 100.3% | 602.4% | - |
| Cost of Revenue | $31.67M | $54.96M | $48.39M | $26M | $13.05M | $8.13M | $1.17M |
| Gross Profit | $14.25M | $28.34M | $31.06M | $11.95M | $10.69M | $3.71M | $520K |
| Gross Margin | 31.0% | 34.0% | 39.1% | 31.5% | 45.0% | 31.4% | 30.8% |
| Research and Development | $49.83M | $76M | $68.83M | $50.32M | $27.48M | $13.05M | $11.14M |
| Selling, General, and Administrative | $32.73M | $62.86M | $61.55M | $78.35M | $51.37M | $9.47M | $6.48M |
| Other | $18.94M | $20.15M | $18.82M | $6.91M | $345K | $0 | $0 |
| Total Operating Expenses | $101.5M | $159.01M | $149.2M | $135.58M | $79.19M | $22.52M | $17.61M |
| Operating Income (EBIT) | -$87.25M | -$130.68M | -$118.13M | -$123.64M | -$68.51M | -$18.8M | -$17.09M |
| Operating Margin | -190.0% | -156.9% | -148.7% | -325.8% | -288.6% | -158.7% | -1013.3% |
| Interest Expense | $863K | $150K | $0 | $0 | $279K | $240K | $0 |
| Interest Income | $0 | $0 | $1.31M | $1.39M | $22K | $4K | $254K |
| Other Income (Expense) | -$29.65M | $45.73M | -$28.34M | $173.71M | -$84.13M | -$236K | -$254K |
| Income Before Tax (EBT) | -$116.9M | -$84.94M | -$146.47M | $50.08M | -$152.64M | -$19.04M | -$17.35M |
| Income Tax Expense | $50K | -$342K | -$517K | -$22.81M | $47K | $5K | $1K |
| Net Income | -$116.95M | -$84.6M | -$145.43M | $73.91M | -$152.69M | -$19.04M | -$17.35M |
| Net Income Margin | -254.7% | -101.6% | -183.0% | 194.8% | -643.3% | -160.7% | -1028.4% |
| Supplementary Data | |||||||
| EPS | -0.57 | -0.46 | -0.86 | 0.56 | -3.90 | -0.60 | -1.20 |
| Diluted EPS | -0.57 | -0.46 | -0.86 | 0.51 | -3.90 | -0.60 | -1.20 |
| Weighted Average OS | 205.57M | 183.72M | 168.93M | 133.67M | 39.17M | 16.25M | 14.52M |
| EBITDA | -$93.65M | -$66.8M | -$125.49M | $57.91M | -$151.88M | -$18.29M | -$16.71M |
| EBITDA Margin | -204.0% | -80.2% | -157.9% | 152.6% | -639.9% | -154.4% | -990.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $236.86M | $86.74M | $151.89M | $110.34M | $268.25M | $38.87M | $5.97M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $236.86M | $86.74M | $151.89M | $110.34M | $268.25M | $38.87M | $5.97M |
| Accounts Receivable | $3.62M | $13.98M | $25.86M | $9.13M | $8.26M | $4.15M | $698K |
| Inventory | $13.28M | $15.48M | $22.23M | $19.06M | $11.98M | $3.4M | $699K |
| Other Current Assets | $6.14M | $4.07M | $6.18M | $3.62M | $0 | $0 | $148K |
| Total Current Assets | $259.9M | $120.27M | $206.16M | $142.15M | $291.37M | $46.95M | $7.75M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $15.71M | $22.32M | $17.42M | $12.91M | $2.3M | $722K | $882K |
| Goodwill | $163.22M | $163.22M | $163.22M | $161.53M | $0 | $0 | $0 |
| Intangible Assets | $53.26M | $72.19M | $91.1M | $105.62M | $170K | $515K | $0 |
| Long-Term Investments | $7.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $580K | $11.98M | $7.65M | $3.05M | $1.76M | $323K | $326K |
| Total Long-Term Assets | $240.56M | $269.71M | $279.38M | $283.11M | $4.23M | $1.56M | $1.21M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $500.47M | $389.98M | $485.55M | $425.26M | $295.6M | $48.51M | $8.96M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $9.33M | $10.75M | $24.74M | $14.65M | $4.86M | $3.7M | $871K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $3.2M | $1M | $2.4M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $10.95M | $486K | $0 | $0 | $0 |
| Other Current Liabilities | $33.55M | $8.62M | $10.9M | $3.91M | $29K | $0 | $288K |
| Total Current Liabilities | $52.12M | $21.14M | $48.49M | $20.35M | $10.73M | $6.37M | $3.82M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $4.28M | $0 | $0 | $0 | $3.72M | $4.97M | $2.4M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $405K | $441K | $1.04M | $1.82M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $14.83M | $48.75M | $13.06M | $215.62M | $109.59M | $68K |
| Total Long-Term Liabilities | $4.69M | $20.82M | $56.44M | $20.15M | $219.34M | $114.56M | $2.47M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $56.81M | $41.97M | $104.93M | $40.5M | $230.06M | $120.93M | $6.29M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $57.13M |
| Common Stock | $26K | $21K | $21K | $18K | $15K | $2K | $1K |
| Retained Earnings | -$501.74M | -$384.79M | -$300.19M | -$154.75M | -$228.67M | -$75.98M | -$56.94M |
| Comprehensive Income & Other | -$7K | -$7K | -$7K | -$7K | -$2K | -$1K | $0 |
| Other Stockholders' Equity | $945.37M | $732.78M | $680.78M | $535.87M | $294.19M | $3.56M | $59.61M |
| Total Equity | $443.66M | $348.01M | $380.62M | $381.13M | $65.54M | -$72.42M | $2.67M |
| Minority Interest | $0 | $0 | $0 | $3.63M | $0 | $0 | $0 |
| Total Liabilities and Equity | $500.47M | $389.98M | $485.55M | $421.63M | $295.6M | $48.51M | $8.96M |
| Supplementary Data | |||||||
| Total Debt | $6.47M | $7.32M | $8.54M | $6.57M | $6.92M | $5.97M | $4.8M |
| Net Debt | -$230.38M | -$79.42M | -$143.35M | -$103.77M | -$261.34M | -$32.9M | -$1.17M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$116.95M | -$84.6M | -$145.95M | $72.89M | -$152.69M | -$19.04M | -$17.35M |
| Depreciation & Amortization | $22.39M | $21.89M | $20.98M | $7.84M | $755K | $511K | $385K |
| Deferred Income Tax | -$36K | -$599K | -$784K | -$23.29M | $0 | $0 | $561K |
| Stock-Based Compensation | $14.48M | $43.03M | $54.03M | $63.29M | $41.4M | $1.03M | $116K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $9.52M | $4.19M | -$16.73M | $1.25M | -$4.11M | -$3.45M | -$480K |
| Inventory | $2.19M | $6.76M | -$3.17M | -$4.75M | -$8.57M | -$2.71M | -$197K |
| Accounts Payable | $6.23M | -$2.8M | $13.68M | $7.14M | $361K | $3.55M | $0 |
| Other Working Capital | -$836K | -$10M | $3.42M | -$962K | -$2.49M | -$579K | -$2K |
| Total Working Capital Change | $17.1M | -$1.86M | -$2.8M | $2.68M | -$14.81M | -$3.19M | -$679K |
| Other Non-Cash Items | $20.12M | -$36.69M | $33.15M | -$167.9M | $83.64M | $66K | -$79K |
| Net Cash from Operating | -$42.89M | -$58.82M | -$41.38M | -$44.5M | -$41.7M | -$20.63M | -$17.61M |
| Investing Activities | |||||||
| Capital Expenditures | -$1.48M | -$6.77M | -$4.78M | -$4.64M | -$2.07M | -$223K | -$66K |
| Acquisitions | $92K | $0 | $0 | -$101.56M | -$724K | $0 | $0 |
| Purchases of Investments | $0 | -$2.5M | -$1M | -$1.5M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $97K | -$674K | $8K | -$2K |
| Net Cash from Investing | -$1.39M | -$9.27M | -$5.78M | -$107.61M | -$3.47M | -$215K | -$68K |
| Financing Activities | |||||||
| Debt Repaid | $206K | - | - | $6.93M | -$933K | -$1.2M | -$800K |
| Common Stock Issuance | $202.53M | $3.5M | $86.94M | $0 | -$24.45M | $31K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$550K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$7.69M | $0 | $2.72M | $1.67M | $298.07M | -$726K | $2.81M |
| Net Cash from Financing | $194.64M | $3.5M | $89.66M | -$5.81M | $274.55M | $53.59M | $3.61M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $1K | $20.18M |
| Net Change in Cash | $150.36M | -$64.6M | $42.5M | -$157.91M | $229.38M | $32.75M | $6.12M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$42.89M | -$58.82M | -$41.38M | -$44.5M | -$41.7M | -$20.63M | -$17.61M |
| Capital Expenditure | -$1.48M | -$6.77M | -$4.78M | -$4.64M | -$2.07M | -$223K | -$66K |
| Free Cash Flow | -$44.37M | -$65.59M | -$46.16M | -$49.14M | -$43.77M | -$20.85M | -$17.67M |
| Cash at Beginning | $88.24M | $152.84M | $110.34M | $268.25M | $38.87M | $6.12M | $0 |
| Cash at End | $238.6M | $88.24M | $152.84M | $110.34M | $268.25M | $38.87M | $6.12M |