Navitas Semiconductor Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $45.9M | $83.3M | $79.5M | $37.9M | $23.7M |
| Cost of revenue | $31.7M | $55.0M | $48.4M | $26.0M | $13.1M |
| Gross profit | — | — | — | — | $10.7M |
| Selling, general & administrative | $35.2M | $62.9M | $61.6M | $78.4M | $51.4M |
| Research and development | $49.8M | $76.0M | $68.8M | $50.3M | $27.5M |
| Operating expenses | $122.0M | $159.0M | $149.2M | $135.6M | $79.2M |
| Operating income | -$107.8M | -$130.7M | -$118.1M | -$123.6M | -$68.5M |
| Pretax income | -$115.8M | -$88.8M | -$146.5M | $50.1M | -$152.6M |
| Income tax expense | $50,000 | -$342,000 | -$517,000 | -$22.8M | $47,000 |
| Net income | -$117.0M | -$84.6M | -$145.4M | $73.9M | -$152.7M |
| Balance Sheet | |||||
| Cash and equivalents | $236.9M | $86.7M | $151.9M | $110.3M | $268.3M |
| Current assets | $259.9M | $121.8M | $206.2M | $142.1M | $291.4M |
| Total assets | $500.5M | $390.0M | $485.5M | $425.3M | $295.6M |
| Current liabilities | $52.1M | $21.1M | $48.5M | $20.4M | $10.7M |
| Total liabilities | $56.8M | $42.0M | $104.9M | $40.5M | $230.1M |
| Total debt | — | — | — | $0 | $6.9M |
| Stockholders' equity | $443.7M | $348.0M | $380.6M | $381.1M | $65.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$42.9M | -$58.8M | -$41.4M | -$44.5M | -$41.7M |
| Depreciation and amortization | $3.5M | $3.0M | $2.2M | $980,000 | $410,000 |
| Stock-based compensation | $14.5M | $43.0M | $54.0M | $63.3M | $41.4M |
| Capital expenditure | $1.5M | $6.8M | $4.8M | $4.6M | $2.1M |
| Free cash flow | -$44.4M | -$65.6M | -$46.2M | -$49.1M | -$43.8M |
| Share repurchases | — | — | $0 | $550,000 | $0 |
| Impairments | — | $0 | $0 | $0 | $0 |
Shares outstanding 233.7M · Free float 65.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.