CEVA INC

Listed Company

CEVACIK 0001173489NasdaqAcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-10.64M

Total Assets

$388.26M

Equity

$336.46M

Shares Out

27.75M

Op. Cash Flow

$-3.36M

Business

CEVA INC designs and licenses silicon and software intellectual property (IP) that enables smart edge devices to connect, sense and infer data efficiently and securely. It provides wireless connectivity IP (Bluetooth, Wi‑Fi, UWB, 5G), DSPs and NPUs for Edge AI, sensor fusion software, development platforms, SDKs and related technical support under a licensing and royalty model. Its offerings are organized around three product categories — Connect, Sense and Infer — encompassing platforms such as PentaG2, Ceva‑Waves, SensPro and NeuPro. CEVA serves global semiconductor and OEM customers across consumer IoT, automotive, industrial, infrastructure, mobile and PC markets via direct sales, license agreements and regional technical support networks.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	110	107	97	121	114
Cost of revenues	14	13	12	15	10
Gross profit	95	94	86	105	103
Research and development, net	75	72	73	70	69
Sales and marketing	13	13	11	11	12
General and administrative	18	17	15	14	13
Amortization of intangible assets	598,000	599,000	594,000	2	2
Total operating expenses	107	102	99	102	96
Operating loss	−11	−8	−13	4	7
Financial income, net	7	5	5	3	197,000
Remeasurement of marketable equity securities	−257,000	−94,000	−2,000	−3	2
Loss before taxes on income	−5	−3	−8	4	9
Taxes on income	6	6	10	18	7
Net loss from continuing operations	−11	−9	−18	−14	2
Net Income from discontinued operations	0	0	7	−9	−2
Net loss	−11	−9	−12	−23	396,000
From continuing operations (in dollars per share)	−0.44	−0.37	−0.79	−0.6	0.11
From discontinued operations (in dollars per share)	0	0	0.28	−0.4	−0.09
From continuing operations (in dollars per share)	−0.44	−0.37	−0.51	−1	0.02
From continuing operations (in dollars per share)	−0.44	−0.37	−0.79	−0.6	0.1
Diluted net loss per share (in dollars per share)	−0.44	−0.37	−0.51	−1	0.02
Basic and diluted (in shares)	24	24	23	23	23
Diluted (in shares)	24	24	23	23	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	41	18	23	20	33
Short-term bank deposits	2	2	11	6	31
Marketable securities	179	143	133	112	90
Trade receivables (net of allowance for credit losses of $2,626 and $288 at December 31, 2024 and December 31, 2025, respectively)	49	37	30	30	27
Prepaid expenses and other current assets	13	15	13	7	7
Total current assets	285	216	209	178	189
Severance pay fund	8	7	7	8	10
Deferred tax assets, net	257,000	1	2	8	16
Property and equipment, net	7	7	7	7	7
Operating lease right-of-use assets	17	6	7	8	9
Goodwill	58	58	58	57	75
Intangible assets, net	1	2	3	2	15
Investments in marketable equity securities	55,000	312,000	—	—	—
Other long-term assets	12	11	11	6	6
Total long-term assets	103	93	95	131	140
Total assets	388	309	304	308	329
Trade payables	2	1	1	2	1
Deferred revenues	3	4	3	3	9
Accrued expenses and other payables	5	6	6	7	4
Accrued payroll and related benefits	16	17	14	18	18
Operating lease liabilities	2	3	3	3	3
Total current liabilities	29	31	27	33	35
Accrued severance pay	8	7	—	—	—
Operating lease liabilities	14	3	4	5	5
Other accrued liabilities	1	2	1	526,000	806,000
Total long-term liabilities	23	12	13	16	16
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding	0	0	0	0	0
Common Stock $0.001 par value: 45,000,000 shares authorized; 23,756,255 and 27,583,325 shares issued at December 31, 2024 and December 31, 2025, respectively; 23,626,865 and 27,510,739 shares outstanding at December 31, 2024 and 2025, respectively	28,000	24,000	23,000	23,000	23,000
Additional paid in-capital	338	260	252	243	235
Treasury stock at cost (129,390 and 72,586 shares of common stock at December 31, 2024 and 2025, respectively)	−2	−3	−6	−10	—
Accumulated other comprehensive income (loss)	79,000	−1	−2	−6	−372,000
Retained earnings (accumulated deficit)	−24,000	11	20	32	55
Total stockholders equity	336	267	264	259	277
Total liabilities and stockholders equity	388	309	304	308	329

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	3	3	3	3	3
Amortization of intangible assets	833,000	1	2	4	4
Equity-based compensation	20	16	16	15	13
Realized gain, net on sale of available-for-sale marketable securities	−56,000	−14,000	−90,000	55,000	−13,000
Amortization of discounts on available-for-sale marketable securities	−755,000	−922,000	−124,000	397,000	420,000
Unrealized foreign exchange (gain) loss, net	−1	1	−560,000	−351,000	1
Gain on sale of Intrinsix	0	0	12	—	—
Trade receivables, net	−12	−7	−25,000	—	—
Prepaid expenses and other assets	281,000	−5	−5	−1	4
Operating lease right-of-use assets	−12	1	3	—	—
Accrued interest on bank deposits	−23,000	527,000	−237,000	144,000	−65,000
Deferred taxes, net	1	−68,000	7	8	−6
Trade payables	552,000	−261,000	−818,000	511,000	404,000
Deferred revenues	−103,000	581,000	−27,000	−5	5
Accrued expenses and other payables	−890,000	477,000	−182,000	333,000	−2
Accrued payroll and related benefits	−2	3	−4	—	—
Operating lease liability	10	−810,000	−3	2	−232,000
Income taxes payable	−706,000	−221,000	67,000	2	189,000
Accrued severance pay, net	−84,000	−248,000	−112,000	283,000	−322,000
Net cash provided by (used in) operating activities	−3	3	−6	7	26
Business combination	0	0	4	0	−30
Purchase of property and equipment	3	3	3	−3	−2
Proceeds from the sale of Intrinsix, net	3	540,000	31	0	0
Investment in bank deposits	3	2	2	−14	−2
Proceeds from bank deposits	2	10	6	31	20
Investment in available-for-sale marketable securities	106	47	40	−50	−39
Proceeds from maturity of available-for-sale marketable securities	61	30	10	18	26
Proceeds from sale of available-for-sale marketable securities	11	10	12	3	10
Net cash provided by (used in) investing activities	−34	−2	11	−15	−17
Purchase of treasury stock	−7	−8	−6	−7	0
Proceeds from issuance of common stock, net of issuance costs	63	0	0	—	—
Proceeds from exercise of stock-based awards	3	3	3	3	3
Net cash provided by (used in) financing activities	59	−6	−3	−3	3
Effect of exchange rate changes on cash and cash equivalents	107,000	−241,000	267,000	−370,000	−327,000
Increase (decrease) in cash and cash equivalents	22	−5	2	−12	12
Income and withholding taxes	4	6	7	10	9
Transaction costs related to the Intrinsix but unpaid at the end of the year	0	0	25,000	—	—
Property and equipment purchases incurred but unpaid at the end of the year	692,000	215,000	0	25,000	59,000
Right-of-use assets obtained in the exchange for operating lease liabilities	14	1	1	5	3

Filings

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