NVE CORP /NEW/

Listed Company

NVECCIK 0000724910NasdaqNon-AcceleratedSmaller ReportingSemiconductors & Related DevicesMinnesotaFY ends Mar 31

Period

FY 2026

Revenue

$26.33M

Net Income

$15.20M

Total Assets

$60.38M

Equity

$58.25M

Shares Out

4.84M

Op. Cash Flow

$16.66M

NVEC$86.14+7.78% · past yearDBEQ Basic

Daily closing prices

Business

NVE CORP /NEW/ develops and sells spintronic devices that use electron spin to acquire, store, and transmit information. It offers high-performance magnetic sensors, spintronic couplers/isolators, power products including isolated DC-to-DC converters and interface ICs, and MRAM memory technologies. Its business is organized around sensor, coupler, power, and MRAM product lines, with in-house wafer fabrication and back-end testing and packaging operations. NVE distributes products through global distributors, private-brand partnerships, and direct sales to industrial, medical, power-conversion, and IIoT customers worldwide.

Summary from filing dated 2025-05-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Product sales	25	25	29	37	26
Contract research and development	1	1	586,116	1	1
Total revenue, net	26	26	30	38	27
Cost of sales	6	4	7	8	6
Gross profit	21	22	23	30	21
Research and development	3	4	3	3	3
Selling, general, and administrative	2	2	2	2	1
Total expenses	5	6	5	5	4
Income from operations	16	16	19	26	16
Interest income	2	2	2	1	1
Other income	3,905	135,370	0	—	—
Income before taxes	18	18	20	27	17
Provision for income taxes	3	3	3	4	3
Net income	15	15	17	23	15
Net income per share - basic	3.14	3.12	3.54	4.7	3
Net income per share - diluted	3.14	3.11	3.54	4.7	3
Cash dividends declared per common share	4	4	4	4	4
Weighted Average Number of Shares Outstanding, Basic	5	5	5	5	5
Weighted Average Number of Shares Outstanding, Diluted	5	5	5	5	5

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	2	8	10	2	10
Marketable securities, short-term (amortized cost of $18,118,460 as of March 31, 2026, and $13,730,266 as of March 31, 2025)	18	14	12	16	21
Accounts receivable, net of allowance for credit losses of $15,000	3	4	3	7	5
Inventories, net	7	7	7	6	5
Prepaid expenses and other assets	2	433,414	689,349	663,459	420,520
Total current assets	32	33	33	31	42
Machinery and equipment	14	12	11	10	10
Leasehold improvements	2	2	2	2	2
Less accumulated depreciation and amortization	12	12	11	11	11
Fixed assets, net	4	2	1	1	606,385
Deferred tax assets	0	2	1	572,038	483,469
Marketable securities, long-term (amortized cost of $23,726,027 as of March 31, 2026, and $26,353,692 as of March 31, 2025)	24	26	31	36	24
Right-of-use asset - operating lease	793,794	917,349	289,910	425,843	560,250
Total assets	60	64	67	69	67
Accounts payable	278,599	214,691	127,154	281,712	943,535
Accrued payroll and other	697,611	871,169	729,215	1	1
Operating lease	165,116	83,010	179,372	175,798	156,121
Total current liabilities	1	1	1	2	2
Deferred tax liabilities	248,284	0	—	—	—
Long-term operating lease liability	740,423	838,221	175,775	342,908	446,018
Total liabilities	2	2	1	2	3
Common Stock, Value	48,372	48,372	48,337	48,308	48,308
Additional paid-in capital	20	20	20	19	19
Accumulated other comprehensive loss	−32,010	−68,544	−777,637	−1	−318,120
Retained earnings	38	42	47	49	46
Total shareholders' equity	58	62	66	67	65
Total liabilities and shareholders' equity	60	64	67	69	67

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net income	15	15	17	23	15
Depreciation	460,028	324,232	308,147	196,738	424,981
Bond discount amortization	−317,811	−307,666	−106,354	60,868	—
Stock-based compensation	93,663	152,167	141,936	59,657	81,855
Deferred income taxes	2	−611,969	−1	161,894	24,457
Non-cash operating lease expense (credit)	107,863	−61,355	—	—	—
Accounts receivable	180,327	−444,435	3	−2	−3
Inventories	366,262	−290,498	−741,575	−1	−1
Prepaid expenses and other assets	−1	255,935	−25,890	−208,532	99,724
Accounts payable	63,908	87,537	−154,558	—	—
Accrued payroll and other	−173,558	141,954	−646,035	—	—
Net cash provided by operating activities	17	14	18	19	13
Purchases of marketable securities	−15	−11	−6	−28	0
Proceeds from maturities of marketable securities	14	15	16	21	8
Purchases of fixed assets	−2	−1	−16,731	−935,791	−484,579
Net cash (used in) provided by investing activities	−4	3	10	−9	7
Payment of dividends to shareholders	−19	−19	−19	−19	−19
Net proceeds from exercise of stock options	0	114,162	117,463	−3	—
Net cash used in financing activities	−19	−19	−19	−19	−19
Decrease in cash and cash equivalents	−6	−2	9	−9	22,170
Cash paid during the year for income taxes	2	3	5	5	3

Filings

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Frequently asked questions

What is NVE CORP /NEW/'s CIK number?

NVE CORP /NEW/'s SEC CIK number is 0000724910 (724910). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find NVE CORP /NEW/'s SEC filings?

All of NVE CORP /NEW/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did NVE CORP /NEW/ last report earnings?

NVE CORP /NEW/ (NVEC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001376474-26-000347). This is NVE CORP /NEW/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is NVE CORP /NEW/'s most recent earnings 8-K?

NVE CORP /NEW/'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001376474-26-000347. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View NVE CORP /NEW/'s latest earnings 8-K →
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