Navitas Semiconductor Corp Fair Value Disclosure
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||
Money market funds | $ | 185,050 | $ | — | $ | — | $ | 185,050 | ||||||||||||||||||
| Total | $ | 185,050 | $ | — | $ | — | $ | 185,050 | ||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||
| Earnout liability | $ | — | $ | — | $ | 22,632 | $ | 22,632 | ||||||||||||||||||
| Total | $ | — | $ | — | $ | 22,632 | $ | 22,632 | ||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||
Money market funds | $ | 66,525 | $ | — | $ | — | $ | 66,525 | ||||||||||||||||||
| Total | $ | 66,525 | $ | — | $ | — | $ | 66,525 | ||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||
| Earnout liability | $ | — | $ | — | $ | 10,208 | $ | 10,208 | ||||||||||||||||||
| Total | $ | — | $ | — | $ | 10,208 | $ | 10,208 | ||||||||||||||||||
| Fair Value Measurements Using Significant Unobservable Inputs | |||||
| Balance at December 31, 2024 | $ | 10,208 | |||
| Fair value adjustment | 12,424 | ||||
| Balance at December 31, 2025 | $ | 22,632 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 19, 2025 | |
| 2023 | Mar 6, 2024 | |
| 2022 | Apr 3, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 25, 2021 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.