Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Navitas Semiconductor Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
11.8
23.7
37.9
79.5
83.3
45.9
Cost of revenue
8.13
13.1
26
48.4
55
31.7
Gross profit
3.72
10.7
11.9
31.1
28.3
14.2
Research and development
13
27.5
50.3
68.8
76
49.8
Selling, general and administrative
9.47
51.4
78.4
61.6
62.9
35.2
Operating expenses
22.5
79.2
136
149
159
122
Operating income
-18.8
-68.5
-124
-118
-131
-108
Interest income
0
0.02
Other non-operating income
-0.24
-84.1
174
-28.3
41.8
-8.02
Pre-tax income
-19
-153
50.1
-146
-88.8
-117
Income tax
0.01
0.05
-22.8
-0.52
-0.34
0.05
Net income to minority interests
0
-1.03
-0.52
0
Net income
-19
-153
73.9
-145
-84.6
-117
EBITDA
-18.5
-68.1
-123
-116
-128
-104
EPS, basic
-1.17
-3.90
0.55
-0.86
-0.46
-0.57
EPS, diluted
-1.17
-3.90
0.51
-0.86
-0.46
-0.57
Shares, basic (weighted)
16.2
39.2
134
169
182
206
Shares, diluted (weighted)
16.2
39.2
146
169
182
206
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
38.9
268
110
152
86.7
237
Receivables
4.15
8.26
9.13
25.9
14
3.62
Inventory
3.4
12
19.1
22.2
15.5
13.3
Other current assets
0.52
2.88
3.62
6.18
4.07
4.4
Total current assets
46.9
291
142
206
122
260
Property, plant and equipment
0.72
2.3
6.53
9.15
15.4
9.78
Lease right-of-use assets
0
6.38
8.27
6.9
5.17
Goodwill
0
162
163
163
163
Intangible assets
0.52
0.17
106
91.1
72.2
53.3
Other non-current assets
0.1
1.55
3.05
6.7
10.5
8.38
Total assets
48.5
296
425
486
390
500
Accrued liabilities
0.09
2.64
3.91
10.9
8.62
4.95
Deferred revenue
0
0.03
0.49
11
0
22.6
Short-term debt
1
3.2
0
Total current liabilities
6.37
10.7
20.4
48.5
21.1
52.1
Long-term debt
4.97
3.72
0
Lease liabilities
0
5.26
6.65
5.55
3.83
Other non-current liabilities
0.09
0.06
0
1.9
4.62
0
Total liabilities
11.4
230
40.5
105
42
56.8
Total debt
5.97
6.92
0
Paid-in capital
3.56
294
536
681
733
945
Retained earnings
-76
-229
-155
-300
-385
-502
Other comprehensive income
-0
-0
-0.01
-0.01
-0.01
-0.01
Shareholders' equity
-72.4
65.5
381
381
Minority interests
0
3.63
0
Total equity
-72.4
65.5
385
381
348
444
Total liabilities and equity
48.5
296
425
486
390
500
Shares outstanding
16.8
118
154
179
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-19
-153
72.9
-146
-84.6
-117
Depreciation and amortization
0.34
0.41
0.98
2.16
2.97
3.45
Stock-based compensation
1.03
41.4
63.3
54
43
14.5
Deferred income tax
0
0
-23.3
-0.79
-0.6
-0.04
Change in receivables
-3.45
-4.11
1.25
-16.7
4.19
9.52
Change in inventory
-2.71
-8.57
-4.75
-3.17
6.76
2.19
Change in payables
3.55
0.36
7.14
13.7
-10.7
6.23
Cash from operations
-20.6
-41.7
-44.5
-41.4
-58.8
-42.9
Capital expenditures
-0.22
-2.07
-4.64
-4.78
-6.77
-1.48
Acquisitions
0
-96.4
0
Purchases of investments
0
-0.72
0
-1
-2.5
0
Cash from investing
-0.22
-3.47
-108
-5.78
-9.27
-1.39
Debt issued
6
2
0
Debt repaid
-4.8
-1.07
-6.93
0
Stock issued
0.03
0.52
1.71
1.92
0.81
1.03
Share buybacks
0
-0.55
0
Cash from financing
53.6
275
-5.81
89.7
3.5
195
Exchange rate effect
0
0
Net change in cash
32.8
229
-158
42.5
-64.6
150
Free cash flow
-20.8
-43.8
-49.1
-46.2
-65.6
-44.4
Interest paid
0.22
0.27
0.29
0
0
0.03
Income taxes paid
0
0.03
0.19
0.16
0.3
0.24
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $12.20 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
38.1%
Gross profit / revenue.
Operating margin
-316.9%
Operating income / revenue.
EBITDA margin
-306.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-858.1%
Pre-tax income / revenue.
Net margin
-856.9%
Net income / revenue.
FCF margin
-185.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-181.9%
Cash from operations / revenue.
Return on assets (ROA)
-37.6%
Net income / average total assets.
R&D / revenue
146.1%
Research and development expense / revenue.
SG&A / revenue
109.5%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
74.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
3.8%
Capital expenditures / revenue.
D&A / revenue
10.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-44.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
6.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
31.1%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-49.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
6.0%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
30.8%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
28.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
5.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
59.5%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
12.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
12.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
66.1%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
21.8x
Current assets / current liabilities.
Quick ratio
20.3x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
20.2x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
3.7%
Total liabilities / total assets.
Working capital
$574.7M
Current assets - current liabilities.
Goodwill and intangibles / assets
24.9%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.04x
Revenue / average total assets.
Fixed asset turnover
4.26x
Revenue / average property, plant and equipment.
Inventory turnover
1.16x
Cost of revenue / average inventory.
Days inventory
315 days
365 x average inventory / cost of revenue.
Receivables turnover
7.66x
Revenue / average receivables.
Days sales outstanding
48 days
365 x average receivables / revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.30
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/S
87.2x
Market cap / revenue.
EV/Sales
71.9x
Enterprise value / revenue.
FCF yield
-2.1%
Free cash flow / market cap.
Earnings yield
-9.8%
Net income / market cap (the inverse of P/E).
What was Navitas Semiconductor Corp's revenue in fiscal 2025?
Navitas Semiconductor Corp reported revenue of $45.9M for fiscal 2025, 44.9% lower than the year before.
Was Navitas Semiconductor Corp profitable in fiscal 2025?
No. It reported a net loss of $117.0M.
How much free cash flow did Navitas Semiconductor Corp generate in fiscal 2025?
Cash from operations of $42.9M minus capital expenditures of $1.5M left free cash flow of -$44.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.