Navitas Semiconductor Corp

Listed Company

NVTSCIK 0001821769NasdaqNon-AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$45.92M

Net Income

$-116.95M

Total Assets

—

Equity

—

Shares Out

183.46M

Op. Cash Flow

$-42.89M

NVTS$11.44+82.23% · past yearDBEQ Basic

Daily closing prices

Business

Navitas Semiconductor designs, develops and markets gallium nitride (GaN) power integrated circuits, high-voltage silicon carbide (SiC) devices, and system controllers for power conversion and charging applications. The company operates as a fabless semiconductor design house, outsourcing manufacturing to third-party foundries and assembly partners globally. Primary markets include AI data centers, energy and grid infrastructure, performance computing, and industrial electrification, with products serving customers worldwide through direct sales and distribution partners.

Summary from 10-K filed 2026-02-27

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
Net revenues	46	83	79	38	24
Cost of revenues (exclusive of amortization of intangible assets included below)	32	55	48	26	13
Research and development	50	76	69	50	27
Selling, general and administrative	35	63	62	78	51
Amortization of intangible assets	19	19	19	7	345,000
Restructuring and impairment expense	18	1	0	—	—
Total operating expenses	122	159	149	136	79
Loss from operations	−108	−131	−118	−124	−69
Interest income (expense)	863,000	−150,000	1	1	−257,000
Dividend income	4	5	4	—	—
(Loss) Gain from change in fair value of earnout liabilities	−12	37	−34	122	−38
Other income, net	6,000	102,000	84,000	−1	−143,000
Total other income (expense), net	−8	42	−28	174	−84
Loss before income taxes	−116	−89	−146	—	—
Income tax provision (benefit)	50,000	−342,000	−517,000	−23	47,000
Equity method investment (loss) gain	−1	4	0	—	—
Net loss	−117	−85	−146	73	−153
Basic loss per share attributable to common stockholders (in dollars per share)	−0.57	−0.46	−0.86	0.55	−3.9
Diluted loss per share attributable to common stockholders (in dollars per share)	−0.57	−0.46	−0.86	0.51	−3.9
Basic common shares (in shares)	206	182	169	134	39
Diluted common shares (in shares)	206	182	169	146	39

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 2022 2022-08-31
Cash and cash equivalents	237	87	152	110	—
Accounts receivable, net of allowance of $468 and $135, respectively	4	14	26	9	—
Inventories	13	15	22	19	—
Prepaid expenses and other current assets	4	4	6	4	—
Restricted cash	2	2	—	—	—
Total current assets	260	122	206	142	—
Property and equipment, net	10	15	9	7	—
Operating lease right of use assets	5	7	8	6	—
Finance lease right of use assets	766,000	0	—	—	—
Intangible assets, net	53	72	91	106	—
Goodwill	163	163	163	162	3
Other assets	8	10	7	3	—
Total assets	500	390	486	425	—
Accounts payable and other accrued expenses	22	11	25	15	—
Accrued compensation expenses	5	9	11	4	—
Operating lease liabilities, current	2	2	2	1	—
Finance lease liabilities, current	323,000	0	—	—	—
Earnout liability, current	23	0	11	—	—
Total current liabilities	52	21	48	20	—
Operating lease liabilities noncurrent	4	6	7	5	—
Finance lease liabilities noncurrent	456,000	0	—	—	—
Earnout liability	0	10	47	13	—
Deferred tax liabilities	405,000	441,000	1	2	—
Other noncurrent liabilities	0	5	2	0	—
Total liabilities	57	42	105	41	—
Commitments and contingencies (note 15)	—	—	—	—	—
Additional paid-in capital	945	733	681	536	—
Accumulated other comprehensive loss	−7,000	−7,000	−7,000	−7,000	—
Accumulated deficit	−502	−385	−300	−155	—
Total stockholders equity	444	348	381	385	—
Total liabilities and stockholders' equity	500	390	486	425	—

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	4	3	2	1	400,000
Non-cash lease expense	2	2	2	1	0
Impairment of other asset	0	2	0	—	—
Impairment of long-lived assets	4	0	85,000	4	−53,000
Stock-based compensation expense	14	43	54	63	41
Allowance for expected credit losses	844,000	8	0	—	—
Loss on disposition of property and equipment	176,000	148,000	0	—	—
Deferred income taxes	−36,000	−599,000	−784,000	−23	—
Accounts receivable	10	4	−17	1	−4
Inventories	2	7	−3	−5	−9
Prepaid expenses and other current assets	−329,000	2	−3	100,000	−2
Other assets	977,000	592,000	−3	−448,000	−165,000
Accounts payable, accrued compensation and other accrued expenses	6	−11	14	7	361,000
Operating lease liability	−2	−2	−2	−1	0
Customer deposit and deferred revenue	185,000	−11	10	—	—
Net cash used in operating activities	−43	−59	−41	−44	−42
Proceeds from disposition of property and equipment	92,000	0	—	—	—
Investment purchases	0	−3	−1	0	−724,000
Purchases of property and equipment	−1	−7	−5	−5	−2
Net cash used in investing activities	−1	−9	−6	−108	−3
Proceeds from the issuance of At-the-market offerings (ATM One and ATM Two)	100	0	—	—	—
Proceeds from issuance of common stock in connection with PIPE offering	100	0	—	—	—
Costs for the issuance of common stock/At-the-market offering (ATM One and ATM Two)	−3	0	—	—	—
Costs for the issuance of common stock/PIPE	−4	0	—	—	—
Proceeds from issuance of common stock in connection with stock option exercises	1	812,000	2	2	517,000
Proceeds from employee stock purchase plan	1	3	1	—	—
Payments on finance lease obligations	−206,000	0	—	—	—
Net cash provided by financing activities	195	3	90	−6	275
NET INCREASE (DECREASE) IN CASH	150	−65	43	−158	229
Cash paid for income taxes	243,000	296,000	160,000	193,000	32,000
Cash paid for interest	29,000	0	0	290,000	265,000
Capital expenditures in accounts payable	148,000	3	499,000	22,000	0
Noncash finance lease acquisition	985,000	0	—	—	—

Filings

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Frequently asked questions

What is Navitas Semiconductor Corp's CIK number?

Navitas Semiconductor Corp's SEC CIK number is 0001821769 (1821769). 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 Navitas Semiconductor Corp's SEC filings?

All of Navitas Semiconductor Corp'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 Navitas Semiconductor Corp last report earnings?

Navitas Semiconductor Corp (NVTS) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055620). This is Navitas Semiconductor Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Navitas Semiconductor Corp's most recent earnings 8-K?

Navitas Semiconductor Corp's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001104659-26-055620. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Navitas Semiconductor Corp's latest earnings 8-K →
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