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

Ceva (CEVA) Financials

$25.59 -0.73 (-2.77%)

Closing price 04:00 PM Eastern

Extended Trading

$25.12 -0.47 (-1.84%)

As of 07:35 PM Eastern

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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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10	-4.46	-2.91	-2.30
Consolidated Net Income / (Loss)	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10	-4.46	-2.91	-2.30
Net Income / (Loss) Continuing Operations	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10	-4.46	-2.91	-2.30
Total Pre-Tax Income	-3.76	1.31	-0.30	-0.00	-2.34	-2.57	-0.84	1.05	-3.14	-1.07	-1.23
Total Operating Income	-4.96	-0.04	-2.62	0.07	-4.38	-4.48	-2.08	-0.40	-5.09	-2.08	-3.52
Total Gross Profit	20	26	23	26	21	22	25	28	23	25	25
Total Revenue	22	28	27	29	24	26	28	31	27	29	29
Operating Revenue	22	28	27	29	24	26	28	31	27	29	29
Total Cost of Revenue	2.50	2.93	3.96	3.37	3.49	3.55	3.39	3.73	3.73	3.65	4.25
Operating Cost of Revenue	2.50	2.93	3.96	3.37	3.49	3.55	3.39	3.73	3.73	3.65	4.25
Total Operating Expenses	25	26	26	26	25	27	27	28	28	27	28
Selling, General & Admin Expense	3.57	3.54	4.64	5.13	3.93	4.38	4.38	5.40	4.66	4.74	6.15
Marketing Expense	2.82	3.10	3.09	3.63	3.45	3.32	3.01	3.48	3.77	3.28	3.94
Research & Development Expense	18	19	18	17	18	19	20	19	20	19	18
Amortization Expense	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.12	0.11	0.11
Total Other Income / (Expense), net	1.20	1.35	2.32	-0.08	2.05	1.91	1.25	1.45	1.94	1.00	2.29
Interest & Investment Income	1.26	1.41	2.30	-0.08	2.10	2.12	1.25	1.45	1.88	0.98	2.30
Other Income / (Expense), net	-0.06	-0.06	0.02	0.00	-0.05	-0.21	0.00	0.00	0.06	0.02	-0.02
Income Tax Expense	1.69	1.60	1.01	1.74	0.99	1.14	1.67	2.15	1.32	1.84	1.07
Basic Earnings per Share	-	-	-	($0.07)	($0.14)	($0.15)	($0.10)	-	($0.16)	($0.10)	($0.08)
Weighted Average Basic Shares Outstanding	23.51M	23.63M	23.68M	23.61M	23.76M	23.90M	23.94M	24.30M	27.68M	28.00M	28.32M
Weighted Average Diluted Shares Outstanding	23.58M	23.69M	23.63M	23.61M	23.92M	23.88M	24.02M	24.30M	27.86M	28.15M	28.53M
Weighted Average Basic & Diluted Shares Outstanding	23.58M	23.69M	23.63M	23.81M	23.92M	23.88M	24.02M	27.75M	27.86M	28.15M	28.53M

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	-2.07	9.93	-29	5.27	0.32	10	-12	23	-19	23	-15
Net Cash From Operating Activities	-7.35	2.38	0.40	8.04	-7.40	1.18	-5.86	8.72	-4.89	5.83	1.51
Net Cash From Continuing Operating Activities	-7.35	8.83	-17	8.04	-7.40	1.18	-5.86	8.72	-4.89	5.83	1.51
Net Income / (Loss) Continuing Operations	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10	-4.46	-2.91	-2.30
Consolidated Net Income / (Loss)	-5.45	-0.29	-1.31	-1.74	-3.33	-3.70	-2.51	-1.10	-4.46	-2.91	-2.30
Depreciation Expense	0.70	0.74	0.71	0.89	0.65	0.90	0.95	0.94	0.69	0.63	0.66
Amortization Expense	0.28	0.47	-0.76	-0.01	-0.04	0.21	0.21	-0.55	0.18	-0.01	0.13
Non-Cash Adjustments To Reconcile Net Income	1.04	11	-11	9.91	3.52	8.00	5.43	5.03	6.72	6.44	4.65
Changes in Operating Assets and Liabilities, net	-3.92	-2.77	-4.99	-1.01	-8.21	-4.22	-9.93	4.40	-8.01	1.67	-1.62
Net Cash From Investing Activities	5.10	3.09	-9.25	-1.39	6.23	15	-6.18	-49	-16	17	-18
Net Cash From Continuing Investing Activities	5.10	3.09	-9.25	-1.39	6.23	15	-6.18	-49	-16	17	-18
Purchase of Property, Plant & Equipment	-1.66	-0.61	-0.41	-1.03	-0.31	-0.69	-0.43	-1.49	-2.32	-0.63	-1.08
Purchase of Investments	-13	-17	-11	-5.56	-29	-1.63	-19	-57	-25	-24	-71
Sale and/or Maturity of Investments	19	13	2.51	5.20	36	14	13	9.49	14	41	54
Net Cash From Financing Activities	0.28	-2.00	-2.85	-1.00	1.36	-5.89	0.61	63	1.55	-	1.48
Net Cash From Continuing Financing Activities	0.28	-2.00	-2.85	-1.00	1.36	-5.89	0.61	63	1.55	-	1.48
Issuance of Common Equity	1.55	-	1.33	-	1.36	0.27	1.59	63	1.55	-	1.48
Effect of Exchange Rate Changes	-	-	-	-0.39	0.13	-	-0.38	-	-0.08	-	0.07
Cash Income Taxes Paid	0.87	0.64	2.42	2.33	1.70	1.54	-1.34	2.28	1.96	2.20	1.26

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026	9/30/2026
Total Assets	300	296	301	300	305	310	303	306	388	392	391
Total Current Assets	175	171	206	207	211	217	209	214	281	283	281
Cash & Equivalents	28	17	21	25	13	19	29	17	21	44	30
Short-Term Investments	98	104	127	132	143	137	126	132	189	171	186
Accounts Receivable	32	31	34	36	39	41	37	50	49	47	46
Prepaid Expenses	7.75	6.83	13	13	14	18	15	13	16	16	14
Other Current Assets	10	10	11	2.11	2.01	2.05	2.85	2.81	5.14	5.15	5.12
Plant, Property, & Equipment, net	6.87	6.73	7.16	6.84	6.88	6.58	6.48	6.01	9.01	8.78	9.16
Total Noncurrent Assets	118	118	89	86	87	86	88	86	98	100	100
Long-Term Investments	0.17	0.33	0.35	0.29	0.31	0.26	0.05	0.05	0.12	0.14	0.13
Goodwill	77	58	58	58	58	58	58	58	58	58	58
Intangible Assets	6.91	3.25	2.69	2.41	2.13	1.67	1.46	1.25	0.87	0.70	0.53
Noncurrent Deferred & Refundable Income Taxes	8.94	9.99	1.24	1.32	1.69	1.17	1.63	1.40	0.27	0.23	0.30
Other Noncurrent Operating Assets	25	22	26	24	25	25	26	25	39	41	41
Total Liabilities & Shareholders' Equity	300	296	301	300	305	310	303	306	388	392	391
Total Liabilities	42	39	39	37	39	41	37	37	50	52	48
Total Current Liabilities	26	26	27	25	28	29	24	25	27	28	26
Accounts Payable	1.10	1.22	1.80	1.09	1.96	2.53	1.77	1.78	2.39	1.54	1.24
Accrued Expenses	5.56	5.46	4.98	6.05	6.01	5.51	4.76	5.24	4.30	4.39	4.71
Current Deferred Revenue	3.79	3.99	2.48	2.83	3.42	2.95	3.21	3.05	2.97	2.69	3.44
Current Employee Benefit Liabilities	13	12	15	12	14	16	13	13	15	17	14
Other Current Liabilities	2.90	2.57	-	-	2.57	2.00	1.61	1.24	2.79	2.66	2.80
Total Noncurrent Liabilities	16	14	12	12	11	12	13	13	23	24	22
Other Noncurrent Operating Liabilities	16	12	8.81	8.67	8.78	12	13	13	23	24	22
Total Equity & Noncontrolling Interests	259	257	262	264	266	269	266	269	338	340	342
Total Preferred & Common Equity	259	257	262	264	266	269	266	269	338	340	342
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	259	257	262	264	266	269	266	269	338	340	342
Common Stock	244	249	253	254	257	263	268	270	343	348	355
Retained Earnings	21	16	15	14	13	7.36	3.66	1.10	-4.48	-7.39	-9.69
Treasury Stock	-1.46	-3.00	-2.53	-1.92	-2.94	0.00	-5.87	-2.55	0.00	0.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-5.58	-5.47	-2.72	-2.89	-0.96	-1.11	0.34	0.20	-0.66	-0.86	-2.90

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
DEI Shares Outstanding	-	-	-	-	23,806,655.00	23,916,361.00	23,882,243.00	24,017,805.00	27,754,136.00	27,859,369.00	28,154,072.00
DEI Adjusted Shares Outstanding	-	-	-	-	23,806,655.00	23,916,361.00	23,882,243.00	24,017,805.00	27,754,136.00	27,859,369.00	28,154,072.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-0.14	-0.15	-0.11	-0.05	-0.16	-0.10	-0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.95%	24.06%	13.02%	20.95%	9.85%	-9.70%	4.33%	-	11.46%	13.07%	2.39%
EBITDA Growth	-197.37%	127.94%	-78.77%	150.05%	11.50%	-485.79%	59.06%	-	-8.73%	57.18%	-75.69%
EBIT Growth	-83.41%	98.30%	-1.80%	102.84%	11.63%	-4,943.01%	19.98%	-	-13.19%	56.25%	-69.56%
NOPAT Growth	-89.31%	100.21%	3.42%	102.66%	11.65%	-40,546.05%	20.58%	-	-16.04%	53.68%	-68.71%
Net Income Growth	-11.82%	95.00%	73.55%	-146.06%	38.93%	-1,172.85%	-91.38%	-	-34.02%	21.44%	8.29%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-44.80%	149.72%	131.15%	67.09%	-0.73%	-50.29%	-1,568.42%	-	34.02%	392.39%	125.81%
Free Cash Flow Firm Growth	-58.69%	52.34%	-127.36%	142.71%	-18.26%	-107.62%	-312.94%	-	-517.93%	-850.35%	-9.38%
Invested Capital Growth	-6.89%	-15.33%	0.28%	-3.08%	-6.24%	-1.40%	6.64%	-	13.26%	12.00%	6.09%
Revenue Q/Q Growth	-8.65%	28.84%	-4.33%	7.41%	-17.03%	5.91%	10.54%	-	-13.64%	7.43%	0.10%
EBITDA Q/Q Growth	-101.83%	129.19%	-336.03%	136.00%	-474.56%	-0.20%	74.11%	-	0.00%	65.67%	-92.30%
EBIT Q/Q Growth	-85.04%	98.15%	-2,698.92%	102.96%	-5,861.04%	-5.73%	55.59%	-	-1,174.37%	59.13%	-72.12%
NOPAT Q/Q Growth	-77.97%	100.22%	-23,779.26%	102.82%	-6,021.62%	-2.28%	53.50%	-	-957.69%	59.17%	-69.36%
Net Income Q/Q Growth	-244.55%	94.66%	-350.52%	-32.42%	-91.65%	-11.33%	32.26%	-	-306.10%	34.74%	20.93%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-252.71%	132.38%	-83.24%	1,915.54%	-192.07%	115.98%	-595.27%	-	-156.00%	219.24%	-74.04%
Free Cash Flow Firm Q/Q Growth	137.69%	277.55%	-110.54%	256.74%	31.04%	-135.18%	-471.43%	-	-61.17%	19.99%	34.23%
Invested Capital Q/Q Growth	4.95%	-6.08%	-0.70%	-6.57%	7.60%	-1.23%	7.40%	-	9.43%	-2.33%	1.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	88.66%	89.69%	85.44%	88.46%	85.62%	86.18%	88.05%	-	86.20%	87.44%	85.37%
EBITDA Margin	-17.45%	3.95%	-9.75%	3.27%	-14.75%	-13.96%	-3.27%	-	-15.39%	-4.92%	-9.45%
Operating Margin	-22.47%	-0.12%	-9.64%	0.25%	-18.07%	-17.45%	-7.34%	-	-18.82%	-7.15%	-12.10%
EBIT Margin	-22.74%	-0.33%	-9.57%	0.26%	-18.30%	-18.26%	-7.34%	-	-18.58%	-7.07%	-12.15%
Profit (Net Income) Margin	-24.68%	-1.02%	-4.82%	-5.94%	-13.72%	-14.42%	-8.84%	-	-16.50%	-10.02%	-7.92%
Tax Burden Percent	144.78%	-22.16%	431.25%	173,600.00%	142.42%	144.18%	299.40%	-	141.83%	270.95%	186.92%
Interest Burden Percent	74.96%	-1,411.83%	11.68%	-1.30%	52.66%	54.78%	40.23%	-	62.62%	52.34%	34.85%
Effective Tax Rate	0.00%	122.16%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-11.78%	0.02%	-6.15%	0.18%	-11.87%	-11.60%	-4.78%	-	-12.33%	-4.91%	-8.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.33%	0.24%	-6.50%	1.30%	-11.69%	-11.23%	-4.08%	-	-11.84%	-4.13%	-8.10%
Return on Net Nonoperating Assets (RNNOA)	5.40%	-0.13%	3.72%	-0.78%	6.57%	6.48%	2.32%	-	7.16%	2.52%	4.84%
Return on Equity (ROE)	-6.37%	-0.10%	-2.43%	-0.60%	-5.29%	-5.12%	-2.46%	-	-5.17%	-2.39%	-3.17%
Cash Return on Invested Capital (CROIC)	-1.75%	10.63%	-6.80%	-1.84%	2.25%	-5.72%	-13.01%	-	-19.46%	-17.04%	-12.21%
Operating Return on Assets (OROA)	-6.92%	-0.11%	-3.24%	0.09%	-6.53%	-6.44%	-2.58%	-	-5.98%	-2.35%	-4.06%
Return on Assets (ROA)	-7.51%	-0.34%	-1.63%	-2.07%	-4.90%	-5.09%	-3.11%	-	-5.31%	-3.34%	-2.65%
Return on Common Equity (ROCE)	-6.37%	-0.10%	-2.43%	-0.60%	-5.29%	-5.12%	-2.46%	-	-5.17%	-2.39%	-3.17%
Return on Equity Simple (ROE_SIMPLE)	-4.75%	-2.63%	-1.23%	0.00%	-2.48%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.47	0.01	-1.84	0.05	-3.07	-3.14	-1.46	0.42	-3.56	-1.45	-2.46
NOPAT Margin	-15.73%	0.03%	-6.75%	0.18%	-12.65%	-12.22%	-5.14%	-	-13.17%	-5.01%	-8.47%
Net Nonoperating Expense Percent (NNEP)	-1.45%	-0.22%	0.35%	-1.12%	-0.17%	-0.37%	-0.69%	-	-0.49%	-0.79%	0.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.02%	-1.14%	-1.18%	-0.54%	0.12%	-1.05%	-0.43%	-0.72%
Cost of Revenue to Revenue	11.34%	10.31%	14.56%	11.54%	14.38%	13.82%	11.95%	-	13.80%	12.56%	14.63%
SG&A Expenses to Revenue	16.18%	12.44%	17.06%	17.54%	16.22%	17.06%	15.44%	-	17.24%	16.34%	21.17%
R&D to Revenue	81.51%	65.96%	66.12%	57.75%	72.63%	73.05%	68.81%	-	73.41%	66.59%	62.37%
Operating Expenses to Revenue	111.13%	89.81%	95.09%	88.21%	103.69%	103.63%	95.39%	-	105.02%	94.59%	97.47%
Earnings before Interest and Taxes (EBIT)	-5.02	-0.09	-2.60	0.08	-4.44	-4.69	-2.08	-0.39	-5.02	-2.05	-3.53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.85	1.12	-2.65	0.96	-3.58	-3.58	-0.93	0.00	-4.16	-1.43	-2.75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	1.72	2.15	2.80	2.27	1.98	2.35	-	1.53	3.86	2.91
Price to Tangible Book Value (P/TBV)	2.67	2.24	2.79	3.61	2.92	2.55	3.02	-	1.86	4.67	3.51
Price to Revenue (P/Rev)	5.76	4.61	5.61	6.97	5.59	4.94	5.87	-	4.61	11.35	8.54
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.29	2.69	3.73	5.58	4.03	3.34	4.03	-	2.41	8.82	6.15
Enterprise Value to Revenue (EV/Rev)	4.23	3.08	4.11	5.46	4.15	3.49	4.48	-	2.74	9.49	6.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	1,728.21	168.11	132.61	167.11	0.00	-	0.00	288.60	69.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	23.24	0.00	0.00	173.34	0.00	0.00	-	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.02	0.01	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Long-Term Debt to Equity	0.01	0.01	0.01	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Financial Leverage	-0.52	-0.53	-0.57	-0.60	-0.56	-0.58	-0.57	-	-0.60	-0.61	-0.60
Leverage Ratio	1.17	1.15	1.15	1.15	1.15	1.14	1.14	-	1.15	1.15	1.14
Compound Leverage Factor	0.88	-16.23	0.13	-0.02	0.61	0.62	0.46	-	0.72	0.60	0.40
Debt to Total Capital	2.29%	2.07%	0.98%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.98%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	1.31%	1.10%	0.98%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.71%	97.93%	99.02%	100.00%	100.00%	100.00%	100.00%	-	100.00%	100.00%	100.00%
Debt to EBITDA	-0.55	-0.91	-0.36	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Net Debt to EBITDA	12.63	24.68	21.10	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Long-Term Debt to EBITDA	-0.31	-0.48	-0.36	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Debt to NOPAT	-0.56	-0.76	-0.36	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Net Debt to NOPAT	12.86	20.55	21.11	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.32	-0.40	-0.36	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Altman Z-Score	9.27	8.58	9.86	11.67	10.02	9.58	11.23	-	7.23	16.30	13.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.69	8.30	7.60	7.09	7.45	8.58	8.68	-	10.26	10.12	10.88
Quick Ratio	6.79	7.68	7.03	6.51	6.77	7.86	8.05	-	9.48	9.37	10.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.41	20	-2.15	3.38	4.42	-1.56	-8.89	-11	-18	-15	-9.73
Operating Cash Flow to CapEx	-813.05%	391.45%	96.38%	781.54%	-2,380.71%	171.20%	-1,375.35%	-	-211.02%	918.77%	140.26%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.33	0.34	0.35	0.36	0.35	0.35	-	0.32	0.33	0.33
Accounts Receivable Turnover	2.72	2.92	2.92	3.17	2.93	2.94	2.43	-	2.51	2.78	2.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Fixed Asset Turnover	13.46	14.40	14.97	15.72	15.89	15.96	16.69	-	14.42	15.16	15.35
Accounts Payable Turnover	5.87	9.15	7.33	11.20	6.35	10.04	7.38	-	5.86	8.76	10.15
Days Sales Outstanding (DSO)	134.37	124.80	124.85	115.22	124.53	124.13	149.91	-	145.66	131.51	150.80
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Days Payable Outstanding (DPO)	62.14	39.87	49.81	32.58	57.48	36.37	49.49	-	62.29	41.68	35.95
Cash Conversion Cycle (CCC)	72.23	84.93	75.04	82.65	67.06	87.77	100.42	-	83.37	89.83	114.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	120	113	112	105	113	111	119	117	128	125	127
Invested Capital Turnover	0.75	0.80	0.91	1.01	0.94	0.95	0.93	-	0.94	0.98	0.95
Increase / (Decrease) in Invested Capital	-8.88	-20	0.32	-3.32	-7.49	-1.58	7.44	12	15	13	7.27
Enterprise Value (EV)	394	304	418	583	453	371	481	-	308	1,098	779
Market Capitalization	537	455	572	745	610	526	631	-	518	1,314	995
Book Value per Share	$11.10	$11.19	$11.22	$11.28	$11.30	$11.12	$11.25	$14.01	$12.19	$12.21	$12.16
Tangible Book Value per Share	$8.52	$8.61	$8.67	$8.73	$8.79	$8.62	$8.76	$11.54	$10.05	$10.09	$10.07
Total Capital	269	269	268	267	269	266	269	336	338	340	342
Total Debt	6.16	5.58	2.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	3.53	2.96	2.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-142	-151	-154	-162	-157	-155	-149	-220	-211	-216	-216
Capital Expenditures (CapEx)	0.90	0.61	0.41	1.03	0.31	0.69	0.43	1.49	2.32	0.63	1.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)	34	29	27	24	32	30	40	36	43	40	40
Debt-free Net Working Capital (DFNWC)	182	185	183	186	188	184	190	256	253	255	256
Net Working Capital (NWC)	179	182	183	186	188	184	190	256	253	255	256
Net Nonoperating Expense (NNE)	1.98	0.30	-0.53	1.79	0.26	0.57	1.05	1.51	0.90	1.46	-0.16
Net Nonoperating Obligations (NNO)	-142	-151	-154	-162	-157	-155	-149	-220	-211	-216	-216
Total Depreciation and Amortization (D&A)	1.17	1.22	-0.05	0.88	0.86	1.11	1.16	0.39	0.86	0.62	0.79
Debt-free, Cash-free Net Working Capital to Revenue	35.99%	28.96%	26.39%	22.63%	28.93%	28.03%	37.61%	-	38.20%	34.24%	34.34%
Debt-free Net Working Capital to Revenue	194.84%	187.25%	179.62%	173.76%	172.17%	173.45%	176.41%	-	225.57%	220.51%	219.52%
Net Working Capital to Revenue	192.01%	184.60%	179.62%	173.76%	172.17%	173.45%	176.41%	-	225.57%	220.51%	219.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.23)	($0.01)	($0.06)	($0.07)	$0.00	$0.00	$0.00	$0.00	($0.16)	($0.10)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	23.51M	23.63M	23.68M	23.61M	23.76M	23.90M	23.94M	24.30M	27.68M	28.00M	28.32M
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	23.58M	23.69M	23.63M	23.61M	23.92M	23.88M	24.02M	24.30M	27.86M	28.15M	28.53M
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	23.58M	23.69M	23.63M	23.81M	23.92M	23.88M	24.02M	27.75M	27.86M	28.15M	28.53M
Normalized Net Operating Profit after Tax (NOPAT)	-3.47	-0.02	-1.84	0.05	-3.07	-3.14	-1.46	-0.28	-3.56	-1.45	-2.46
Normalized NOPAT Margin	-15.73%	-0.09%	-6.75%	0.18%	-12.65%	-12.22%	-5.14%	-	-13.17%	-5.01%	-8.47%
Pre Tax Income Margin	-17.05%	4.62%	-1.12%	0.00%	-9.64%	-10.00%	-2.95%	-	-11.63%	-3.70%	-4.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%	0.00%
Augmented Payout Ratio	-59.75%	-136.26%	-323.56%	-96.24%	-107.70%	-112.54%	-72.28%	-	0.00%	-9.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Ceva’s Q2 2026 results show improving revenue and cash generation, but the company remains unprofitable. Revenue reached $29.0 million, up 13.1% from $25.7 million in Q2 2025 and 27.4% from Q2 2024. Revenue has generally recovered from the 2023 lows, although it remains below the $30.1 million reported in Q3 2022.

Gross profit increased to $25.4 million in Q2 2026, producing an 87.4% gross margin. This improved from 86.2% in Q2 2025, though it was below the 89.7% margin recorded in Q2 2024. Operating expenses declined year over year to $27.5 million, helping narrow the operating loss to $2.1 million from $4.5 million in Q2 2025.

Ceva generated $5.8 million of operating cash flow in Q2 2026, compared with $1.2 million in the year-ago quarter and negative operating cash flow of $4.9 million in Q1 2026. However, this improvement was partly supported by non-cash adjustments and working-capital changes rather than positive net income. The company still reported a $2.9 million net loss, its sixth consecutive quarterly loss in the provided 2025-2026 results.

The balance sheet remains a significant strength. As of June 30, 2026, Ceva held $44.3 million in cash and $171.3 million in short-term investments, or approximately $215.6 million in highly liquid assets. Total liabilities were only $51.6 million, and the company reported no short-term debt or capital lease obligations in the latest balance sheet. Retained earnings, however, declined to a deficit of $7.4 million, reflecting the effect of ongoing losses.

Revenue recovery: Q2 2026 revenue rose 13.1% year over year to $29.0 million, continuing the recovery from the weaker 2023 revenue levels.
Improved operating performance: The operating loss narrowed to $2.1 million from $4.5 million a year earlier as revenue grew and total operating expenses declined.
Strong liquidity: Cash and short-term investments totaled approximately $215.6 million at the end of Q2 2026, providing substantial financial flexibility.
Low balance-sheet leverage: Total liabilities of $51.6 million were modest relative to $340.2 million of shareholders’ equity, and no short-term debt was reported in Q2 2026.
Better operating cash flow: Operating cash flow improved to $5.8 million in Q2 2026 from $1.2 million in Q2 2025 and negative cash flow in Q1 2026.
Investment portfolio activity: Investing cash flow was positive at $17.1 million, but this primarily reflected $41.3 million of investment sales and maturities compared with $23.5 million of new investment purchases. This is more indicative of portfolio management than recurring business cash generation.
High research spending: Research and development expense was $19.3 million, equal to roughly two-thirds of quarterly revenue. This spending may support future technology growth but continues to weigh heavily on current profitability.
Persistent net losses: Ceva recorded a $2.9 million net loss in Q2 2026, following losses of $4.5 million in Q1 2026 and $1.1 million in Q4 2025.
Continued shareholder dilution: Weighted average basic shares rose to approximately 28.0 million in Q2 2026 from 23.9 million in Q2 2025. The increase coincided with common-equity issuance, which can reduce per-share upside for existing investors.
Negative retained earnings: Retained earnings fell from a positive $14.6 million in Q1 2024 to a deficit of $7.4 million by Q2 2026, indicating that cumulative losses are eroding internally generated equity.

Overall, Ceva’s financial position is well funded and Q2 2026 showed meaningful improvement in revenue, margins and operating cash flow. The main hurdles are converting revenue growth into sustained operating profitability, reducing reliance on investment-portfolio cash movements and managing dilution from equity issuance.

11/13/26 08:01 PM ETAI Generated. May Contain Errors.

Ceva Financials - Frequently Asked Questions

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

Ceva's net income appears to be on a downward trend, with a most recent value of -$10.64 million in 2025, compared with $6.27 million in 2015. The previous period was -$8.79 million in 2024. View Ceva's forecast to see where analysts expect Ceva to go next.

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

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%.

In the past 13 quarters, Ceva's cash and equivalents has ranged from $13.23 million in Q3 2024 to $44.30 million in Q2 2026, and is currently $29.61 million as of their latest financial filing in Q3 2026.

Ceva had total debt of $0.00 at the end of 2025, compared with none in 2024, and none in 2015.

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%.

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Financial statements for NASDAQ:CEVA last updated on 11/9/2026 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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