N
NVE CORP /NEW/
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
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 | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Details | — | — | |
| Revenue | — | — | |
| Non-Operating Income (Expense) | 25 | 25 | |
| Revenue | 1 | 1 | |
| Total revenue, net | 26 | 26 | |
| Cost of Revenue | 6 | 4 | |
| Gross profit | 21 | 22 | |
| Expenses | — | — | |
| Research and Development Expense | 3 | 4 | |
| Selling, General and Administrative Expense | 2 | 2 | |
| Total expenses | 5 | 6 | |
| Income from operations | 16 | 16 | |
| Interest and Dividend Income (Non-Bank) | 2 | 2 | |
| Other Income | 3,905 | 135,370 | |
| Income before taxes | 18 | 18 | |
| Income Tax Expense | 3 | 3 | |
| Net income | 15 | 15 | |
| Earnings Per Share (Basic) | 3.14 | 3.12 | |
| Earnings Per Share (Diluted) | 3.14 | 3.11 | |
| Dividends Per Share | 4 | 4 | |
| Weighted Average Shares Outstanding | 5 | 5 | |
| Weighted Average Shares Outstanding, Diluted | 5 | 5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Details | — | — | |
| ASSETS | — | — | |
| Current assets | — | — | |
| Cash and Cash Equivalents | 2 | 8 | |
| Short-Term Investments | 18 | 14 | |
| Accounts Receivable | 3 | 4 | |
| Inventory | 7 | 7 | |
| Prepaid Expenses | 2 | 433,414 | |
| Total current assets | 32 | 33 | |
| Fixed assets | — | — | |
| Property, Plant & Equipment, Gross | 14 | 12 | |
| Property, Plant and Equipment | 2 | 2 | |
| Accumulated Depreciation | 12 | 12 | |
| Fixed assets, net | 4 | 2 | |
| Deferred Tax Assets, Non-Current | 0 | 2 | |
| Other Non-Operating Non-Current Assets | 24 | 26 | |
| Operating Lease Right-of-Use Asset | 793,794 | 917,349 | |
| Total assets | 60 | 64 | |
| LIABILITIES AND SHAREHOLDERS' EQUITY | — | — | |
| Current liabilities | — | — | |
| Accounts Payable | 278,599 | 214,691 | |
| Other Current Liabilities | 697,611 | 871,169 | |
| Operating Lease Liability, Current | 165,116 | 83,010 | |
| Total current liabilities | 1 | 1 | |
| Deferred Tax Liabilities, Current | 248,284 | 0 | |
| Operating Lease Liability, Non-Current | 740,423 | 838,221 | |
| Total liabilities | 2 | 2 | |
| Shareholders' equity | — | — | |
| Total Stockholders' Equity | 48,372 | 48,372 | |
| Additional Paid-In Capital | 20 | 20 | |
| Accumulated Other Comprehensive Income | −32,010 | −68,544 | |
| Retained Earnings | 38 | 42 | |
| Total shareholders' equity | 58 | 62 | |
| Total liabilities and shareholders' equity | 60 | 64 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Details | — | — | |
| OPERATING ACTIVITIES | — | — | |
| Net income | 15 | 15 | |
| Adjustments to reconcile net income to net cash provided by operating activities | — | — | |
| Depreciation | 460,028 | 324,232 | |
| Interest Expense | −317,811 | −307,666 | |
| Stock-based compensation | 93,663 | 152,167 | |
| Deferred Income Tax (CF) | 2 | −611,969 | |
| Non-cash operating lease expense (credit) | −107,863 | 61,355 | |
| Changes in operating assets and liabilities | — | — | |
| Accounts receivable | −180,327 | 444,435 | |
| Inventories | −366,262 | 290,498 | |
| Prepaid expenses and other assets | 1 | −255,935 | |
| Accounts payable | 63,908 | 87,537 | |
| Accrued payroll and other | −173,558 | 141,954 | |
| Net cash provided by operating activities | 17 | 14 | |
| INVESTING ACTIVITIES | — | — | |
| Purchases of marketable securities | 15 | 11 | |
| Net Cash from Investing Activities | 14 | 15 | |
| Purchases of fixed assets | 2 | 1 | |
| Net cash (used in) provided by investing activities | −4 | 3 | |
| FINANCING ACTIVITIES | — | — | |
| Payment of dividends to shareholders | 19 | 19 | |
| Net Cash from Financing Activities | 0 | 114,162 | |
| Net cash used in financing activities | −19 | −19 | |
| Decrease in cash and cash equivalents | −6 | −2 | |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance | — | — | |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation, Ending Balance | — | — | |
| Supplemental disclosures of cash flow information | — | — | |
| Income Tax Expense | 2 | 3 |
Filings
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