Ceva (CEVA) Financials

$33.72 -0.94 (-2.71%)

Closing price 04:00 PM Eastern

Extended Trading

$33.28 -0.44 (-1.29%)

As of 07:59 PM Eastern

Annual Income Statements for Ceva

This table shows Ceva's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	6.27	13	17	0.57	0.03	-2.38	0.40	-23	-12	-8.79	-11
Consolidated Net Income / (Loss)	6.27	13	17	0.57	0.03	-2.38	0.40	-23	-12	-8.79	-11
Net Income / (Loss) Continuing Operations	6.27	13	17	0.57	0.03	-2.38	2.40	-14	-18	-8.79	-11
Total Pre-Tax Income	7.38	16	19	1.30	1.37	2.52	9.22	4.20	-8.21	-2.76	-4.69
Total Operating Income	6.31	14	16	-1.25	-1.92	-0.76	7.04	3.90	-13	-7.55	-11
Total Gross Profit	54	67	81	70	77	90	103	105	86	94	95
Total Revenue	59	73	88	78	87	100	114	121	97	107	110
Operating Revenue	59	73	88	78	87	100	114	121	97	107	110
Total Cost of Revenue	5.42	6.09	6.95	7.95	10	11	10	15	12	13	14
Operating Cost of Revenue	5.42	6.09	6.95	7.95	10	11	10	15	12	13	14
Total Operating Expenses	48	52	65	71	79	90	96	102	99	102	107
Selling, General & Admin Expense	8.18	8.57	10	10	12	14	13	14	15	17	18
Marketing Expense	10	12	13	12	12	12	12	11	11	13	13
Research & Development Expense	28	31	40	48	53	62	69	70	73	72	75
Amortization Expense	1.30	1.24	1.24	0.90	1.92	2.31	2.30	2.03	0.59	0.60	0.60
Total Other Income / (Expense), net	1.07	2.04	3.03	2.55	3.29	3.28	2.18	0.30	5.26	4.79	6.66
Interest & Investment Income	1.07	2.04	3.03	2.55	3.29	3.28	0.20	2.81	5.26	4.88	6.91
Other Income / (Expense), net	-	-	-	-	-	0.00	1.98	-2.51	-0.00	-0.09	-0.26
Income Tax Expense	1.11	3.33	1.87	0.73	1.34	4.90	6.82	18	10	6.03	5.95
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-2.00	-9.31	6.56	0.00	0.00
Basic Earnings per Share	$0.31	$0.63	$0.78	$0.03	$0.00	($0.11)	$0.02	($1.00)	($0.51)	($0.37)	($0.44)
Weighted Average Basic Shares Outstanding	20.48M	20.85M	21.77M	22.03M	21.93M	22.11M	22.82M	23.17M	23.48M	23.61M	24.30M
Diluted Earnings per Share	$0.30	$0.61	$0.75	$0.03	$0.00	($0.11)	$0.02	($1.00)	($0.51)	($0.37)	($0.44)
Weighted Average Diluted Shares Outstanding	20.99M	21.57M	22.56M	22.50M	22.32M	22.11M	23.25M	23.17M	23.48M	23.61M	24.30M
Weighted Average Basic & Diluted Shares Outstanding	20.20M	20.80M	21.80M	22.06M	22.19M	22.81M	23.20M	23.42M	23.63M	23.81M	27.75M

This table shows Ceva's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10
Consolidated Net Income / (Loss)	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10
Net Income / (Loss) Continuing Operations	-4.89	-2.75	-8.10	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10
Total Pre-Tax Income	-4.34	-1.63	-0.95	-3.76	1.31	-0.30	-0.00	-2.34	-2.57	-0.84	1.05
Total Operating Income	-5.34	-2.72	-2.79	-4.96	-0.04	-2.62	0.07	-4.38	-4.48	-2.08	-0.40
Total Gross Profit	19	22	22	20	26	23	26	21	22	25	28
Total Revenue	23	24	24	22	28	27	29	24	26	28	31
Operating Revenue	23	24	24	22	28	27	29	24	26	28	31
Total Cost of Revenue	3.52	2.36	2.26	2.50	2.93	3.96	3.37	3.49	3.55	3.39	3.73
Operating Cost of Revenue	3.52	2.36	2.26	2.50	2.93	3.96	3.37	3.49	3.55	3.39	3.73
Total Operating Expenses	25	24	25	25	26	26	26	25	27	27	28
Selling, General & Admin Expense	3.91	3.61	3.57	3.57	3.54	4.64	5.13	3.93	4.38	4.38	5.40
Marketing Expense	2.63	2.86	2.83	2.82	3.10	3.09	3.63	3.45	3.32	3.01	3.48
Research & Development Expense	18	18	18	18	19	18	17	18	19	20	19
Amortization Expense	0.14	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Other Income / (Expense), net	1.00	1.08	1.84	1.20	1.35	2.32	-0.08	2.05	1.91	1.25	1.45
Interest & Investment Income	1.12	0.92	1.77	1.26	1.41	2.30	-0.08	2.10	2.12	1.25	1.45
Other Income / (Expense), net	-0.12	0.16	0.07	-0.06	-0.06	0.02	0.00	-0.05	-0.21	0.00	0.00
Income Tax Expense	0.55	1.12	7.15	1.69	1.60	1.01	1.74	0.99	1.14	1.67	2.15
Weighted Average Basic Shares Outstanding	23.48M	23.61M	23.48M	23.51M	23.63M	23.68M	23.61M	23.76M	23.90M	23.94M	24.30M
Weighted Average Diluted Shares Outstanding	23.63M	23.56M	23.48M	23.58M	23.69M	23.63M	23.61M	23.92M	23.88M	24.02M	24.30M
Weighted Average Basic & Diluted Shares Outstanding	23.63M	23.56M	23.63M	23.58M	23.69M	23.63M	23.81M	23.92M	23.88M	24.02M	27.75M

This table details how cash moves in and out of Ceva's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.74	-0.51	3.34	0.52	0.54	-1.66	12	-12	2.00	-4.79	22
Net Cash From Operating Activities	19	14	24	8.61	9.67	15	26	6.92	-6.33	3.47	-3.36
Net Cash From Continuing Operating Activities	19	14	24	8.61	9.67	15	26	6.92	-6.33	3.47	-3.36
Net Income / (Loss) Continuing Operations	6.27	13	17	0.57	0.03	-2.38	0.40	-23	-12	-8.79	-11
Consolidated Net Income / (Loss)	6.27	13	17	0.57	0.03	-2.38	0.40	-23	-12	-8.79	-11
Depreciation Expense	1.06	1.40	2.01	2.92	3.10	3.23	3.18	3.19	2.89	3.05	3.44
Amortization Expense	2.41	2.30	2.42	2.02	2.72	3.03	4.22	4.77	1.87	1.09	0.08
Non-Cash Adjustments To Reconcile Net Income	5.76	-4.80	9.14	10	12	13	17	18	3.68	16	17
Changes in Operating Assets and Liabilities, net	3.88	2.46	-6.13	-7.02	-7.81	-1.64	1.21	4.16	-2.89	-8.36	-14
Net Cash From Investing Activities	-9.65	-21	-29	9.83	-2.44	-15	-17	-15	11	-2.45	-34
Net Cash From Continuing Investing Activities	-9.65	-21	-29	9.83	-2.44	-15	-17	-15	11	-2.45	-34
Purchase of Property, Plant & Equipment	-2.18	-2.39	-4.14	-3.32	-	-2.94	-2.19	-3.50	-2.88	-3.71	-2.92
Acquisitions	-	0.00	0.00	-1.96	-11	0.00	-30	0.00	-3.60	0.00	0.00
Purchase of Investments	-30	-44	-55	-20	-27	-56	-39	-50	-40	-47	-106
Divestitures	-	-	-	-	-7.36	-	0.00	0.00	31	0.54	3.47
Sale and/or Maturity of Investments	28	29	33	23	40	32	36	21	23	40	73
Other Investing Activities, net	-5.88	-3.88	-2.58	11	6.09	12	18	17	4.00	8.00	-0.71
Net Cash From Financing Activities	-6.95	6.20	7.49	-18	-6.68	-2.11	3.24	-3.31	-2.77	-5.57	59
Net Cash From Continuing Financing Activities	-6.95	6.20	7.49	-18	-6.68	-2.11	3.24	-3.31	-2.77	-5.57	59
Repurchase of Common Equity	-10	-3.42	0.00	-20	-	-4.78	0.00	-6.79	-6.16	-8.46	-7.15
Issuance of Common Equity	6.71	9.62	7.49	2.25	-6.68	2.87	3.24	3.48	3.39	2.88	66
Cash Income Taxes Paid	2.19	3.29	5.20	4.29	5.06	4.73	9.18	10	7.40	6.26	4.18

This table details how cash moves in and out of Ceva's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	7.88	-28	5.60	-2.07	9.93	-29	5.27	0.32	10	-12	23
Net Cash From Operating Activities	-4.79	-1.28	4.81	-7.35	2.38	0.40	8.04	-7.40	1.18	-5.86	8.72
Net Cash From Continuing Operating Activities	0.07	-20	4.81	-7.35	8.83	-17	8.04	-7.40	1.18	-5.86	8.72
Net Income / (Loss) Continuing Operations	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10
Consolidated Net Income / (Loss)	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10
Depreciation Expense	0.72	0.73	0.69	0.70	0.74	0.71	0.89	0.65	0.90	0.95	0.94
Amortization Expense	0.72	0.34	0.11	0.28	0.47	-0.76	-0.01	0.21	0.21	0.21	-0.55
Non-Cash Adjustments To Reconcile Net Income	11	-10	-5.30	1.04	11	-11	9.91	-1.04	8.00	5.43	5.03
Changes in Operating Assets and Liabilities, net	-6.48	-5.58	5.54	-3.92	-2.77	-4.99	-1.01	-3.89	-4.22	-9.93	4.40
Net Cash From Investing Activities	7.83	-7.16	3.62	5.10	3.09	-9.25	-1.39	6.23	15	-6.18	-49
Net Cash From Continuing Investing Activities	7.83	-7.16	3.62	5.10	3.09	-9.25	-1.39	6.23	15	-6.18	-49
Purchase of Property, Plant & Equipment	-1.13	-0.89	-0.76	-1.66	-0.61	-0.41	-1.03	-0.31	-0.69	-0.43	-1.49
Purchase of Investments	-2.46	-8.07	-30	-13	-17	-11	-5.56	-29	-1.63	-19	-57
Sale and/or Maturity of Investments	11	1.80	3.30	19	13	2.51	5.20	36	14	13	9.49
Net Cash From Financing Activities	-	-1.28	-3.16	0.28	-2.00	-2.85	-1.00	1.36	-5.89	0.61	63
Net Cash From Continuing Financing Activities	-	-1.28	-3.16	0.28	-2.00	-2.85	-1.00	1.36	-5.89	0.61	63
Issuance of Common Equity	-	1.72	-	1.55	-	1.33	-	1.36	0.27	1.59	63
Cash Income Taxes Paid	2.01	2.20	1.33	0.87	0.64	2.42	2.33	1.70	1.54	-1.34	2.28

This table presents Ceva's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	213	242	277	277	297	307	329	308	304	309	388
Total Current Assets	106	145	159	177	179	168	189	178	209	216	285
Cash & Equivalents	19	18	22	22	23	21	33	20	23	18	41
Short-Term Investments	48	62	83	77	65	89	90	112	133	143	179
Accounts Receivable	4.07	15	16	26	28	31	27	30	30	37	49
Prepaid Expenses	4.02	3.15	3.75	5.26	5.66	6.21	6.67	6.79	13	15	13
Other Current Assets	31	46	34	46	57	20	31	6.11	11	2.03	2.10
Plant, Property, & Equipment, net	3.73	4.81	6.93	7.34	7.88	7.59	6.77	6.62	6.73	6.88	7.05
Total Noncurrent Assets	103	93	111	93	111	132	133	124	88	86	96
Long-Term Investments	1.81	1.81	1.81	0.94	0.94	0.94	2.92	0.41	0.41	0.31	0.06
Goodwill	47	47	47	47	51	51	75	57	58	58	58
Intangible Assets	4.21	2.98	1.74	2.70	13	11	15	2.39	2.97	1.88	1.04
Noncurrent Deferred & Refundable Income Taxes	1.63	2.25	3.64	5.92	11	11	16	8.48	1.61	1.46	0.26
Other Noncurrent Operating Assets	49	39	57	36	35	58	25	31	25	24	37
Total Liabilities & Shareholders' Equity	213	242	277	277	297	307	329	308	304	309	388
Total Liabilities	27	31	32	31	46	46	52	50	40	42	52
Total Current Liabilities	19	23	23	22	26	28	35	33	27	31	29
Accounts Payable	0.69	0.57	0.39	0.63	0.70	0.89	1.46	1.86	1.15	1.13	2.42
Accrued Expenses	3.63	4.02	3.93	4.34	3.75	3.84	4.03	6.55	5.80	6.24	5.18
Current Deferred Revenue	2.76	6.26	4.40	3.59	3.64	2.43	8.66	3.10	3.02	3.60	3.50
Current Employee Benefit Liabilities	12	12	14	13	16	18	18	18	14	17	16
Other Current Liabilities	-	-	-	0.00	2.39	2.97	3.27	2.68	2.51	2.60	1.74
Total Noncurrent Liabilities	7.57	8.35	9.35	9.63	19	18	16	16	13	12	23
Other Noncurrent Operating Liabilities	7.57	8.35	9.35	9.63	19	18	16	15	13	12	23
Total Equity & Noncontrolling Interests	186	212	245	246	251	261	277	259	264	267	336
Total Preferred & Common Equity	186	212	245	246	251	261	277	259	264	267	336
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	186	212	245	246	251	261	277	259	264	267	336
Common Stock	209	212	217	223	228	233	235	243	252	260	338
Retained Earnings	30	39	54	63	62	57	55	32	20	11	-0.02
Treasury Stock	-52	-40	-26	-39	-39	-30	-14	-9.90	-5.62	-3.22	-1.59
Accumulated Other Comprehensive Income / (Loss)	-0.42	-0.50	-0.59	-1.11	0.09	0.48	-0.37	-6.25	-2.33	-1.33	0.08

This table presents Ceva's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	295	311	300	296	301	300	305	310	303	306
Total Current Assets	171	181	175	171	206	207	211	217	209	214
Cash & Equivalents	30	24	28	17	21	25	13	19	29	17
Short-Term Investments	101	106	98	104	127	132	143	137	126	132
Accounts Receivable	27	35	32	31	34	36	39	41	37	50
Prepaid Expenses	8.13	8.77	7.75	6.83	13	13	14	18	15	13
Other Current Assets	6.06	6.16	10	10	11	2.11	2.01	2.05	2.85	2.81
Plant, Property, & Equipment, net	7.37	6.70	6.87	6.73	7.16	6.84	6.88	6.58	6.48	6.01
Total Noncurrent Assets	116	124	118	118	89	86	87	86	88	86
Long-Term Investments	0.65	0.29	0.17	0.33	0.35	0.29	0.31	0.26	0.05	0.05
Goodwill	75	75	77	58	58	58	58	58	58	58
Intangible Assets	7.55	6.00	6.91	3.25	2.69	2.41	2.13	1.67	1.46	1.25
Noncurrent Deferred & Refundable Income Taxes	4.67	9.43	8.94	9.99	1.24	1.32	1.69	1.17	1.63	1.40
Other Noncurrent Operating Assets	29	33	25	22	26	24	25	25	26	25
Total Liabilities & Shareholders' Equity	295	311	300	296	301	300	305	310	303	306
Total Liabilities	43	51	42	39	39	37	39	41	37	37
Total Current Liabilities	28	35	26	26	27	25	28	29	24	25
Accounts Payable	1.72	1.82	1.10	1.22	1.80	1.09	1.96	2.53	1.77	1.78
Accrued Expenses	5.94	7.28	5.56	5.46	4.98	6.05	6.01	5.51	4.76	5.24
Current Deferred Revenue	3.54	4.01	3.79	3.99	2.48	2.83	3.42	2.95	3.21	3.05
Current Employee Benefit Liabilities	15	19	13	12	15	12	14	16	13	13
Other Current Liabilities	2.24	2.86	2.90	2.57	-	-	2.57	2.00	1.61	1.24
Total Noncurrent Liabilities	14	16	16	14	12	12	11	12	13	13
Other Noncurrent Operating Liabilities	14	16	16	12	8.81	8.67	8.78	12	13	13
Total Equity & Noncontrolling Interests	252	260	259	257	262	264	266	269	266	269
Total Preferred & Common Equity	252	260	259	257	262	264	266	269	266	269
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	252	260	259	257	262	264	266	269	266	269
Common Stock	239	243	244	249	253	254	257	263	268	270
Retained Earnings	30	27	21	16	15	14	13	7.36	3.66	1.10
Treasury Stock	-11	-4.67	-1.46	-3.00	-2.53	-1.92	-2.94	0.00	-5.87	-2.55
Accumulated Other Comprehensive Income / (Loss)	-6.76	-5.91	-5.58	-5.47	-2.72	-2.89	-0.96	-1.11	0.34	0.20

This table displays calculated financial ratios and metrics derived from Ceva's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	20,443,050.00	21,230,589.00	21,974,975.00	21,902,376.00	21,992,936.00	22,250,217.00	22,973,852.00	-	-	-	24,017,805.00
DEI Adjusted Shares Outstanding	20,443,050.00	21,230,589.00	21,974,975.00	21,902,376.00	21,992,936.00	22,250,217.00	22,973,852.00	-	-	-	24,017,805.00
DEI Earnings Per Adjusted Shares Outstanding	0.31	0.62	0.77	0.03	0.00	-0.11	0.02	-	-	-	-0.44
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	5.36	11	14	-0.55	-0.04	0.72	1.83	-13	-9.43	-5.28	-7.94
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-4.98%	-3.57%	-1.98%	-2.36%
Earnings before Interest and Taxes (EBIT)	6.31	14	16	-1.25	-1.92	-0.76	9.02	1.39	-13	-7.64	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.78	18	20	3.69	3.90	5.50	16	9.34	-8.71	-4.43	-8.09
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.90	-0.89	5.32	-7.30	-17	13	1.52	35	-15	-1.96	-20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	117	129	138	145	163	150	150	102	108	105	117
Increase / (Decrease) in Invested Capital	-1.54	12	8.99	6.75	17	-12	0.31	-48	5.95	-3.32	12
Book Value per Share	$9.10	$9.96	$11.13	$11.23	$11.42	$11.73	$12.05	$11.16	$11.22	$11.28	$14.01
Tangible Book Value per Share	$6.62	$7.63	$8.93	$8.97	$8.49	$8.94	$8.15	$8.61	$8.62	$8.73	$11.54
Total Capital	186	212	245	246	251	261	277	259	264	267	336
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-69	-82	-106	-101	-89	-111	-126	-133	-156	-162	-220
Capital Expenditures (CapEx)	2.18	2.39	4.14	3.32	3.46	2.94	2.19	3.50	2.88	2.96	2.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	42	32	56	65	29	30	12	27	24	36
Debt-free Net Working Capital (DFNWC)	87	122	136	156	152	139	154	144	182	186	256
Net Working Capital (NWC)	87	122	136	156	152	139	154	144	182	186	256
Net Nonoperating Expense (NNE)	-0.91	-1.63	-2.73	-1.12	-0.07	3.10	1.43	10	2.45	3.50	2.70
Net Nonoperating Obligations (NNO)	-69	-82	-106	-101	-89	-111	-126	-157	-156	-162	-220
Total Depreciation and Amortization (D&A)	3.47	3.70	4.43	4.93	5.82	6.27	7.41	7.96	4.76	3.21	3.51
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.63	$0.78	$0.03	$0.00	($0.11)	$0.02	($1.00)	($0.51)	($0.37)	($0.44)
Adjusted Weighted Average Basic Shares Outstanding	20.48M	20.85M	21.77M	22.03M	21.93M	22.11M	22.82M	23.17M	23.48M	23.61M	24.30M
Adjusted Diluted Earnings per Share	$0.30	$0.61	$0.75	$0.03	$0.00	($0.11)	$0.02	($1.00)	($0.51)	($0.37)	($0.44)
Adjusted Weighted Average Diluted Shares Outstanding	20.99M	21.57M	22.56M	22.50M	22.32M	22.11M	23.25M	23.17M	23.48M	23.61M	24.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.51M	21.48M	22.22M	22.06M	22.19M	22.81M	23.20M	23.42M	23.63M	23.81M	27.75M
Normalized Net Operating Profit after Tax (NOPAT)	5.36	11	14	-0.87	-1.35	-0.53	4.93	5.22	-9.43	-5.28	-7.94
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Ceva's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	23,806,655.00	23,916,361.00	23,882,243.00	24,017,805.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	23,806,655.00	23,916,361.00	23,882,243.00	24,017,805.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.14	-0.15	-0.11	-0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-3.74	-1.90	-1.95	-3.47	0.01	-1.84	0.05	-3.07	-3.14	-1.46	0.42
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.74%	-	-	-	0.02%	-1.14%	-1.18%	-0.54%	0.12%
Earnings before Interest and Taxes (EBIT)	-5.46	-2.56	-2.71	-5.02	-0.09	-2.60	0.08	-4.44	-4.69	-2.08	-0.39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.02	-1.48	-1.91	-3.85	1.12	-2.65	0.96	-3.58	-3.58	-0.93	0.00
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	7.87	-7.90	5.41	20	-2.15	3.38	4.42	-1.56	-8.89	-11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	133	112	108	120	113	112	105	113	111	119	117
Increase / (Decrease) in Invested Capital	-17	-9.77	5.95	-8.88	-20	0.32	-3.32	-7.49	-1.58	7.44	12
Book Value per Share	$11.04	$10.86	$11.22	$11.10	$11.19	$11.22	$11.28	$11.30	$11.12	$11.25	$14.01
Tangible Book Value per Share	$7.47	$8.26	$8.62	$8.52	$8.61	$8.67	$8.73	$8.79	$8.62	$8.76	$11.54
Total Capital	259	257	264	269	269	268	267	269	266	269	336
Total Debt	0.00	0.00	0.00	6.16	5.58	2.63	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	3.53	2.96	2.63	0.00	0.00	0.00	0.00	0.00
Net Debt	-125	-122	-156	-142	-151	-154	-162	-157	-155	-149	-220
Capital Expenditures (CapEx)	1.13	0.89	0.76	0.90	0.61	0.41	1.03	0.31	0.69	0.43	1.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	24	24	27	34	29	27	24	32	30	40	36
Debt-free Net Working Capital (DFNWC)	149	146	182	182	185	183	186	188	184	190	256
Net Working Capital (NWC)	149	146	182	179	182	183	186	188	184	190	256
Net Nonoperating Expense (NNE)	2.08	3.06	-5.72	1.98	0.30	-0.53	1.79	0.26	0.57	1.05	1.51
Net Nonoperating Obligations (NNO)	-125	-145	-156	-142	-151	-154	-162	-157	-155	-149	-220
Total Depreciation and Amortization (D&A)	1.44	1.07	0.81	1.17	1.22	-0.05	0.88	0.86	1.11	1.16	0.39
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	($0.21)	$0.16	($0.23)	($0.01)	($0.06)	($0.07)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	23.48M	23.61M	23.48M	23.51M	23.63M	23.68M	23.61M	23.76M	23.90M	23.94M	24.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	23.63M	23.56M	23.48M	23.58M	23.69M	23.63M	23.61M	23.92M	23.88M	24.02M	24.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.63M	23.56M	23.63M	23.58M	23.69M	23.63M	23.81M	23.92M	23.88M	24.02M	27.75M
Normalized Net Operating Profit after Tax (NOPAT)	-3.74	-1.90	-1.95	-3.47	-0.02	-1.84	0.05	-3.07	-3.14	-1.46	-0.28
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for CEVA, Inc. (CEVA) based on quarterly financials across the last four years (2022–2025). The points focus on what may matter most to retail investors today.

Revenue growth trend: Operating revenue has trended higher into 2025, with Q4 2025 at about $31.3 million, up from roughly $24.2 million in early 2025 and well above levels in 2023.
Strong gross margin: Last-year gross profit remained very high relative to revenue, with Q4 2025 gross profit around $27.6 million on $31.3 million revenue (roughly an 88% gross margin), indicating a healthy core gross profitability.
Liquidity boost from financing: In Q4 2025 CEVA raised significant cash via common equity issuance (~$63.3 million), boosting liquidity and financial flexibility.
Solid equity cushion and modest leverage: By mid-2025 CEVA shows total equity around $270 million against total liabilities near $37 million, implying a strong equity base and low leverage.
Positive operating cash flow in key quarters: CEVA generated positive cash from continuing operating activities in Q4 2025 (about $8.7 million), highlighting underlying cash generation despite quarterly fluctuations.
R&D investment remains high: Research & development expenses stay elevated (roughly $17–$20 million per quarter across 2024–2025), signaling ongoing investment in future products even as near-term profitability lags.
Investing cash flow volatility and size: Net cash used in investing activities has been substantial in some periods (e.g., large outflows into investments in 2025), reflecting strategic allocations that could support future growth.
Goodwill and intangibles prominent on the balance sheet: Goodwill typically runs in the tens of millions (roughly $58–$74 million across recent periods) with smaller intangible assets, suggesting prior acquisitions and ongoing intangible asset capitalization.
Near-term profitability pressures: In 2025, net income attributable to common shareholders was negative for all four quarters (e.g., roughly -$1.1 million in Q4 2025), and operating income was negative in multiple quarters, indicating ongoing profitability challenges.
Reliance on financing to fund operations: With repeated equity issuances and sizable investing outflows, CEVA appears to rely on external financing to sustain growth and investments rather than generating steady earnings-based cash flow.

05/07/26 08:53 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Ceva's Financials

When does Ceva's financial year end?

According to the most recent income statement we have on file, Ceva's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Ceva's net income changed over the last 10 years?

Ceva's net income appears to be on an upward trend, with a most recent value of -$10.64 million in 2025, falling from $6.27 million in 2015. The previous period was -$8.79 million in 2024. Find out what analysts predict for Ceva in the coming months.

What is Ceva's operating income?

Ceva's total operating income in 2025 was -$11.35 million, based on the following breakdown:

Total Gross Profit: $95.44 million
Total Operating Expenses: $106.79 million

How has Ceva's revenue changed over the last 10 years?

Over the last 10 years, Ceva's total revenue changed from $59.50 million in 2015 to $109.60 million in 2025, a change of 84.2%.

How much debt does Ceva have?

Ceva's total liabilities were at $51.80 million at the end of 2025, a 22.2% increase from 2024, and a 95.1% increase since 2015.

How much cash does Ceva have?

In the past 10 years, Ceva's cash and equivalents has ranged from $18.40 million in 2016 to $40.59 million in 2025, and is currently $40.59 million as of their latest financial filing in 2025.

How has Ceva's book value per share changed over the last 10 years?

Over the last 10 years, Ceva's book value per share changed from 9.10 in 2015 to 14.01 in 2025, a change of 53.9%.

Related Companies

Financial statements for NASDAQ:CEVA last updated on 4/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ceva (CEVA) Financials

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Ceva (CEVA) Financials

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