What is Navitas Semiconductor's operating income?

Navitas Semiconductor's total operating income in 2025 was -$107.76 million, based on the following breakdown: Total Gross Profit: $14.25 million Total Operating Expenses: $122.01 million

Navitas Semiconductor (NVTS) Financials

$10.86 0.00 (0.00%)

Closing price 07/31/2026 04:00 PM Eastern

Extended Trading

$10.81 -0.05 (-0.46%)

As of 07/31/2026 07:59 PM Eastern

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Annual Income Statements for Navitas Semiconductor

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	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	-19	-153	74	-145	-85	-117
Consolidated Net Income / (Loss)	-19	-153	73	-146	-85	-117
Net Income / (Loss) Continuing Operations	-19	-153	73	-146	-85	-117
Total Pre-Tax Income	-19	-153	50	-146	-89	-116
Total Operating Income	-19	-69	-124	-118	-131	-108
Total Gross Profit	3.72	11	12	31	28	14
Total Revenue	12	24	38	79	83	46
Operating Revenue	12	24	38	79	83	46
Total Cost of Revenue	8.13	13	26	48	55	32
Operating Cost of Revenue	8.13	13	26	48	55	32
Total Operating Expenses	23	79	136	149	159	122
Selling, General & Admin Expense	9.47	51	78	62	63	35
Research & Development Expense	13	27	50	69	76	50
Amortization Expense	-	0.35	6.91	19	19	19
Restructuring Charge	-	-	-	0.00	1.22	18
Total Other Income / (Expense), net	-0.24	-84	174	-28	42	-8.02
Interest & Investment Income	-0.24	-0.26	1.39	5.37	5.08	4.40
Other Income / (Expense), net	0.00	-84	172	-34	37	-12
Income Tax Expense	0.01	0.05	-23	-0.52	-0.34	0.05
Other Gains / (Losses), net	-	-	-	0.00	3.91	-1.12
Basic Earnings per Share	($1.17)	($3.90)	$0.55	($0.86)	($0.46)	($0.57)
Weighted Average Basic Shares Outstanding	16.25M	39.17M	133.67M	168.93M	182.46M	205.57M
Diluted Earnings per Share	($1.17)	($3.90)	$0.51	($0.86)	($0.46)	($0.57)
Weighted Average Diluted Shares Outstanding	16.25M	39.17M	145.74M	168.93M	182.46M	205.57M
Weighted Average Basic & Diluted Shares Outstanding	-	122.86M	160.89M	179.25M	190.53M	230.79M

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-33	0.00	0.00	-19	-40	-17	-49	-19	-98	-34	-257
Consolidated Net Income / (Loss)	-33	-3.68	-22	-19	-40	-17	-49	-19	-32	-34	-228
Net Income / (Loss) Continuing Operations	-33	-3.68	-22	-19	-40	-17	-49	-19	-32	-34	-257
Total Pre-Tax Income	-33	-3.61	-22	-19	-44	-16	-49	-19	-32	-34	-228
Total Operating Income	-27	-32	-31	-29	-39	-25	-22	-19	-41	-28	-27
Total Gross Profit	11	9.52	7.99	8.61	2.22	5.31	2.33	3.83	2.78	3.24	4.08
Total Revenue	26	23	20	22	18	14	14	10	7.30	8.60	11
Operating Revenue	26	23	20	22	18	14	14	10	7.30	8.60	11
Total Cost of Revenue	15	14	12	13	16	8.71	12	6.28	4.51	5.36	6.45
Operating Cost of Revenue	15	14	12	13	16	8.71	12	6.28	4.51	5.36	6.45
Total Operating Expenses	38	41	39	38	41	31	24	23	44	31	63
Selling, General & Admin Expense	15	16	15	15	16	12	7.75	5.23	10	11	13
Research & Development Expense	18	20	19	18	19	13	11	13	12	15	13
Amortization Expense	4.77	4.77	4.77	4.72	4.66	4.73	4.73	4.74	4.73	4.73	4.73
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	-	31
Restructuring Charge	-	0.00	0.00	0.00	-	1.47	0.00	0.00	17	0.45	0.34
Total Other Income / (Expense), net	-6.29	28	8.87	10	-5.37	8.84	-27	0.48	9.81	-5.95	-199
Interest & Investment Income	1.96	1.68	1.29	1.17	0.94	0.71	0.78	1.39	1.53	1.95	2.10
Other Income / (Expense), net	-8.25	26	7.58	9.20	-6.31	8.13	-28	-0.90	8.28	-7.90	-201
Income Tax Expense	-0.51	0.07	0.06	0.13	-0.60	0.08	0.05	-0.02	-0.06	0.07	0.07
Other Adjustments to Consolidated Net Income / (Loss)	-	-	-	0.00	-	-0.28	-	-	-	-	0.00
Basic Earnings per Share	($0.16)	($0.02)	($0.12)	($0.10)	($0.22)	($0.09)	($0.25)	($0.09)	($0.14)	($0.15)	($0.95)
Weighted Average Basic Shares Outstanding	168.93M	179.78M	183.13M	184.67M	182.46M	187.78M	198.96M	212.68M	205.57M	229.99M	240.64M
Diluted Earnings per Share	($0.16)	($0.02)	($0.12)	($0.10)	($0.22)	($0.09)	($0.25)	($0.09)	($0.14)	($0.15)	($0.95)
Weighted Average Diluted Shares Outstanding	168.93M	179.78M	183.13M	184.67M	182.46M	187.78M	198.96M	212.68M	205.57M	229.99M	240.64M
Weighted Average Basic & Diluted Shares Outstanding	179.25M	183.10M	183.46M	186.80M	190.53M	191.81M	213.11M	214.94M	230.79M	233.71M	0.00

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	33	229	-158	43	-65	150
Net Cash From Operating Activities	-21	-42	-44	-41	-59	-43
Net Cash From Continuing Operating Activities	-21	-42	-44	-41	-59	-43
Net Income / (Loss) Continuing Operations	-19	-153	73	-146	-85	-117
Consolidated Net Income / (Loss)	-19	-153	73	-146	-85	-117
Depreciation Expense	0.34	0.41	0.98	2.16	2.97	3.45
Amortization Expense	0.20	-0.04	6.88	19	19	19
Non-Cash Adjustments To Reconcile Net Income	1.07	125	-105	87	12	33
Changes in Operating Assets and Liabilities, net	-3.19	-15	-21	-3.59	-8.59	19
Net Cash From Investing Activities	-0.22	-3.47	-108	-5.78	-9.27	-1.39
Net Cash From Continuing Investing Activities	-0.22	-3.47	-108	-5.78	-9.27	-1.39
Purchase of Property, Plant & Equipment	-0.22	-2.07	-4.64	-4.78	-6.77	-1.48
Purchase of Investments	0.00	-	0.00	-1.00	-2.50	0.00
Sale of Property, Plant & Equipment	-	-	-	-	0.00	0.09
Net Cash From Financing Activities	54	275	-5.81	90	3.50	195
Net Cash From Continuing Financing Activities	54	275	-5.81	90	3.50	195
Repurchase of Common Equity	0.00	-25	-0.59	-0.48	0.00	-3.25
Issuance of Common Equity	0.03	0.52	1.71	90	3.50	203
Other Financing Activities, net	0.00	298	-	-	0.00	-4.64
Cash Interest Paid	0.22	0.27	0.29	-	0.00	0.03
Cash Income Taxes Paid	0.00	0.03	0.19	0.16	0.30	0.24

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-24	-23	-18	-13	-10	-13	86	-10	87	-15	335
Net Cash From Operating Activities	-24	-20	-15	-14	-10	-14	-11	-10	-8.11	-16	-32
Net Cash From Continuing Operating Activities	-24	-20	-15	-14	-10	-14	-11	-10	-8.11	-16	-32
Net Income / (Loss) Continuing Operations	-33	-3.68	-22	-19	-40	-17	-49	-19	-32	-34	-228
Consolidated Net Income / (Loss)	-33	-3.68	-22	-19	-40	-17	-49	-19	-32	-34	-228
Depreciation Expense	0.61	0.72	0.73	0.75	0.77	0.81	0.87	0.88	0.89	0.98	0.89
Amortization Expense	4.77	4.77	4.77	4.72	4.66	4.73	4.73	4.74	4.73	4.73	4.73
Non-Cash Adjustments To Reconcile Net Income	20	-12	5.02	4.90	6.73	-0.53	27	3.13	2.57	19	212
Changes in Operating Assets and Liabilities, net	-17	-9.55	-3.31	-5.36	18	-1.72	4.94	0.47	16	-7.01	-21
Net Cash From Investing Activities	-1.37	-5.40	-2.74	-0.57	-0.56	-0.04	-0.63	-0.71	-0.00	-0.39	-1.66
Net Cash From Continuing Investing Activities	-1.37	-5.40	-2.74	-0.57	-0.56	-0.04	-0.63	-0.71	-0.00	-0.39	-1.66
Purchase of Property, Plant & Equipment	-1.37	-2.90	-2.74	-0.57	-0.56	-0.04	-0.68	-0.71	-0.05	-0.39	-0.23
Net Cash From Financing Activities	1.45	2.02	0.18	0.91	0.38	0.95	98	0.61	95	1.52	369
Net Cash From Continuing Financing Activities	1.45	2.02	0.18	0.91	0.38	0.95	98	0.61	95	1.52	369
Repurchase of Common Equity	-	-	-	-	-	0.00	-	-	0.00	0.00	-7.57
Issuance of Common Equity	1.45	2.02	0.18	0.91	0.38	0.95	101	0.69	100	1.60	380
Other Financing Activities, net	-	-	-	-	-	0.00	-	-0.08	-4.52	-0.08	-3.83
Cash Interest Paid	-	-	-	-	-	0.00	-	0.01	0.01	0.01	0.01
Cash Income Taxes Paid	0.10	0.03	0.09	0.08	0.10	0.06	0.12	0.07	-0.02	0.03	0.04

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	49	296	425	486	390	500
Total Current Assets	47	291	142	206	122	260
Cash & Equivalents	39	268	110	152	87	237
Restricted Cash	-	-	-	-	1.50	1.75
Accounts Receivable	4.15	8.26	9.13	26	14	3.62
Inventories, net	3.40	12	19	22	15	13
Prepaid Expenses	0.52	2.88	3.62	6.18	4.07	4.40
Plant, Property, & Equipment, net	0.72	2.30	6.53	9.15	15	9.78
Total Noncurrent Assets	0.84	1.93	277	270	253	231
Noncurrent Note & Lease Receivables	0.22	0.21	-	-	0.00	0.77
Goodwill	-	0.00	162	163	163	163
Intangible Assets	0.52	0.17	106	91	72	53
Other Noncurrent Operating Assets	0.10	1.55	9.44	16	17	14
Total Liabilities & Shareholders' Equity	49	296	425	486	390	500
Total Liabilities	11	230	41	105	42	57
Total Current Liabilities	6.37	11	20	48	21	52
Accounts Payable	3.70	4.86	15	25	11	22
Current Employee Benefit Liabilities	1.67	2.64	3.91	11	8.62	4.95
Other Current Liabilities	-	0.03	1.31	1.89	1.77	25
Total Noncurrent Liabilities	5.06	219	20	56	21	4.69
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.00	1.82	1.04	0.44	0.41
Other Noncurrent Operating Liabilities	0.09	216	18	55	20	4.28
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-72	66	385	381	348	444
Total Preferred & Common Equity	-72	66	381	381	348	444
Total Common Equity	-72	66	381	381	348	444
Common Stock	3.56	294	536	681	733	945
Retained Earnings	-76	-229	-155	-300	-385	-502
Accumulated Other Comprehensive Income / (Loss)	-0.00	-0.00	-0.01	-0.01	-0.01	-0.01

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026	6/30/2026
Total Assets	416	499	494	468	439	419	371	449	430	481	832
Total Current Assets	130	216	215	191	165	145	108	193	179	246	602
Cash & Equivalents	101	178	177	130	112	99	75	161	151	221	557
Restricted Cash	-	-	-	-	-	-	-	-	-	2.36	0.86
Accounts Receivable	7.42	15	18	22	23	21	12	12	9.79	3.73	4.77
Inventories, net	19	19	16	33	25	21	16	15	15	15	20
Prepaid Expenses	2.88	4.29	4.51	6.02	4.75	4.16	4.68	4.08	3.83	4.23	20
Plant, Property, & Equipment, net	6.84	7.26	8.39	12	13	13	15	15	14	9.12	8.57
Total Noncurrent Assets	279	276	271	265	261	261	248	242	237	226	221
Noncurrent Note & Lease Receivables	-	-	-	-	-	5.21	0.48	1.08	1.52	0.68	0.60
Goodwill	161	163	163	163	163	163	163	163	163	163	163
Intangible Assets	106	101	96	86	82	77	67	63	58	49	44
Other Noncurrent Operating Assets	12	12	11	15	16	16	17	15	14	14	14
Total Liabilities & Shareholders' Equity	416	499	494	468	439	419	371	449	430	481	832
Total Liabilities	71	116	91	70	51	39	29	61	59	61	31
Total Current Liabilities	23	36	45	42	29	26	19	23	23	57	28
Accounts Payable	14	18	15	24	13	14	14	17	14	18	20
Current Employee Benefit Liabilities	7.71	6.71	15	7.59	7.75	8.50	3.27	4.40	6.34	5.59	5.97
Other Current Liabilities	2.15	12	1.35	1.86	1.89	1.87	1.77	2.10	2.14	33	2.17
Total Noncurrent Liabilities	48	80	45	28	22	13	9.70	37	37	4.47	3.38
Capital Lease Obligations	-	-	-	-	-	-	-	0.62	0.54	-	0.29
Noncurrent Deferred & Payable Income Tax Liabilities	1.83	1.83	1.83	1.04	1.04	1.04	0.43	0.41	0.37	0.41	0.41
Other Noncurrent Operating Liabilities	46	78	43	27	21	12	9.27	36	36	4.06	2.68
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	345	383	403	398	388	381	342	389	371	420	801
Total Preferred & Common Equity	345	383	403	398	388	381	342	389	371	420	801
Total Common Equity	345	383	403	398	388	381	342	389	371	420	801
Common Stock	561	659	671	702	714	726	743	840	841	956	1,565
Retained Earnings	-217	-275	-268	-304	-326	-345	-402	-451	-470	-536	-764
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	100.32%	59.85%	109.41%	4.84%	-44.88%
EBITDA Growth	0.00%	-732.28%	137.20%	-331.42%	44.95%	-35.76%
EBIT Growth	0.00%	-710.41%	131.95%	-411.86%	38.14%	-27.95%
NOPAT Growth	0.00%	-264.35%	-275.27%	54.05%	-10.62%	17.53%
Net Income Growth	0.00%	-701.75%	147.74%	-300.24%	42.04%	-38.24%
EPS Growth	0.00%	-233.33%	113.08%	-268.63%	46.51%	-23.91%
Operating Cash Flow Growth	0.00%	-102.18%	-6.71%	7.01%	-42.16%	27.08%
Free Cash Flow Firm Growth	0.00%	0.00%	-527.67%	94.31%	-235.25%	82.72%
Invested Capital Growth	0.00%	-4,779.73%	240.15%	-16.65%	14.23%	-20.89%
Revenue Q/Q Growth	0.00%	0.00%	15.22%	20.85%	-8.84%	-18.87%
EBITDA Q/Q Growth	0.00%	0.00%	221.52%	-10.92%	-16.51%	11.24%
EBIT Q/Q Growth	0.00%	0.00%	198.47%	-9.73%	-12.26%	9.21%
NOPAT Q/Q Growth	0.00%	0.00%	-100.31%	3.59%	-10.29%	-2.28%
Net Income Q/Q Growth	0.00%	0.00%	286.67%	-20.34%	-9.42%	6.44%
EPS Q/Q Growth	0.00%	0.00%	131.10%	-4.88%	-15.00%	12.31%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	15.15%	-56.73%	17.49%	4.63%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	26.87%	10.45%	-69.27%
Invested Capital Q/Q Growth	0.00%	0.00%	4.81%	0.91%	-7.42%	-7.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	31.35%	45.02%	31.49%	39.10%	34.02%	31.03%
EBITDA Margin	-154.14%	-640.41%	149.02%	-164.69%	-86.48%	-212.98%
Operating Margin	-158.69%	-288.62%	-325.85%	-148.68%	-156.87%	-234.70%
EBIT Margin	-158.69%	-641.98%	128.32%	-191.09%	-112.76%	-261.74%
Profit (Net Income) Margin	-160.72%	-643.26%	192.10%	-183.69%	-101.56%	-254.71%
Tax Burden Percent	100.03%	100.03%	145.56%	99.65%	95.22%	101.01%
Interest Burden Percent	101.26%	100.17%	102.85%	96.46%	94.59%	96.34%
Effective Tax Rate	0.00%	0.00%	-45.56%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-314.58%	0.00%	-457.78%	-32.87%	-37.34%	-32.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-296.70%	0.00%	-593.84%	15.38%	-43.10%	-6.98%
Return on Net Nonoperating Assets (RNNOA)	263.23%	0.00%	490.15%	-5.27%	14.11%	2.88%
Return on Equity (ROE)	-51.36%	-297.58%	32.37%	-38.14%	-23.22%	-29.55%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-236.93%	-14.71%	-50.62%	-9.10%
Operating Return on Assets (OROA)	-38.76%	-88.57%	13.51%	-33.34%	-21.46%	-26.99%
Return on Assets (ROA)	-39.26%	-88.74%	20.22%	-32.05%	-19.33%	-26.27%
Return on Common Equity (ROCE)	100.30%	19.97%	32.11%	-37.96%	-23.22%	-29.55%
Return on Equity Simple (ROE_SIMPLE)	26.30%	-232.98%	19.12%	-38.35%	-24.31%	0.00%
Net Operating Profit after Tax (NOPAT)	-13	-48	-180	-83	-91	-75
NOPAT Margin	-111.08%	-202.04%	-474.29%	-104.07%	-109.81%	-164.29%
Net Nonoperating Expense Percent (NNEP)	-17.88%	-71.19%	136.06%	-48.25%	5.76%	-25.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-21.73%	-26.28%	-16.99%
Cost of Revenue to Revenue	68.65%	54.98%	68.51%	60.90%	65.98%	68.97%
SG&A Expenses to Revenue	79.91%	216.44%	206.50%	77.47%	75.46%	76.65%
R&D to Revenue	110.13%	115.75%	132.61%	86.62%	91.24%	108.52%
Operating Expenses to Revenue	190.04%	333.65%	357.34%	187.77%	190.89%	265.73%
Earnings before Interest and Taxes (EBIT)	-19	-152	49	-152	-94	-120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	-152	57	-131	-72	-98
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	30.56	1.41	3.78	1.92	3.46
Price to Tangible Book Value (P/TBV)	0.00	30.64	4.73	11.40	5.92	6.76
Price to Revenue (P/Rev)	18.57	84.37	14.19	18.13	8.01	33.42
Price to Earnings (P/E)	0.00	0.00	7.29	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	13.72%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	70.89	0.00	1.57	5.63	2.22	6.31
Enterprise Value to Revenue (EV/Rev)	25.03	73.36	11.38	16.22	6.96	28.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	7.64	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	8.87	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.45	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.16	0.11	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.13	0.06	0.00	0.00	0.00	0.00
Financial Leverage	-0.89	-2.87	-0.83	-0.34	-0.33	-0.41
Leverage Ratio	1.31	3.35	1.60	1.19	1.20	1.12
Compound Leverage Factor	1.32	3.36	1.65	1.15	1.14	1.08
Debt to Total Capital	13.87%	9.55%	0.00%	0.00%	0.00%	0.10%
Short-Term Debt to Total Capital	2.32%	4.42%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	11.55%	5.13%	0.00%	0.00%	0.00%	0.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	254.35%	0.00%	0.94%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-168.22%	90.45%	99.06%	100.00%	100.00%	99.90%
Debt to EBITDA	-0.33	-0.05	0.00	0.00	0.00	0.00
Net Debt to EBITDA	1.80	1.72	0.00	0.00	0.00	2.44
Long-Term Debt to EBITDA	-0.27	-0.02	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.45	-0.14	0.00	0.00	0.00	-0.01
Net Debt to NOPAT	2.50	5.45	0.00	0.00	0.00	3.16
Long-Term Debt to NOPAT	-0.38	-0.08	0.00	0.00	0.00	-0.01
Altman Z-Score	9.33	3.66	8.28	6.89	7.88	14.60
Noncontrolling Interest Sharing Ratio	295.31%	106.71%	0.81%	0.47%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	7.37	27.16	6.98	4.25	5.69	4.99
Quick Ratio	6.76	25.78	5.87	3.67	4.76	4.61
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	152	-650	-37	-124	-21
Operating Cash Flow to CapEx	-9,248.88%	-2,016.44%	-958.16%	-865.31%	-868.75%	-3,094.59%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.24	0.14	0.11	0.17	0.19	0.10
Accounts Receivable Turnover	2.85	3.82	4.36	4.54	4.18	5.22
Inventory Turnover	2.39	1.70	1.68	2.34	2.92	2.20
Fixed Asset Turnover	16.41	15.70	8.59	10.13	6.78	3.64
Accounts Payable Turnover	2.20	3.05	2.66	2.46	3.10	1.91
Days Sales Outstanding (DSO)	127.90	95.46	83.64	80.36	87.28	69.97
Days Inventory Outstanding (DIO)	152.75	215.11	217.90	155.74	125.22	165.74
Days Payable Outstanding (DPO)	165.94	119.68	136.99	148.56	117.85	190.78
Cash Conversion Cycle (CCC)	114.71	190.89	164.56	87.53	94.64	44.93
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	4.18	-196	274	229	261	206
Invested Capital Turnover	2.83	-0.25	0.97	0.32	0.34	0.20
Increase / (Decrease) in Invested Capital	0.00	-200	470	-46	33	-54
Enterprise Value (EV)	297	1,741	432	1,289	580	1,297
Market Capitalization	220	2,003	539	1,440	667	1,535
Book Value per Share	($4.46)	$0.56	$2.48	$2.13	$1.86	$2.06
Tangible Book Value per Share	($4.49)	$0.56	$0.74	$0.71	$0.60	$1.06
Total Capital	43	72	385	381	348	444
Total Debt	5.97	6.92	0.00	0.00	0.00	0.46
Total Long-Term Debt	4.97	3.72	0.00	0.00	0.00	0.46
Net Debt	-33	-261	-110	-152	-87	-238
Capital Expenditures (CapEx)	0.22	2.07	4.64	4.78	6.77	1.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.71	16	11	5.78	12	-31
Debt-free Net Working Capital (DFNWC)	42	284	122	158	99	208
Net Working Capital (NWC)	41	281	122	158	99	208
Net Nonoperating Expense (NNE)	5.88	105	-253	63	-6.87	42
Net Nonoperating Obligations (NNO)	-33	-261	-110	-152	-87	-238
Total Depreciation and Amortization (D&A)	0.54	0.37	7.86	21	22	22
Debt-free, Cash-free Net Working Capital to Revenue	22.89%	65.68%	30.20%	7.28%	14.87%	-67.12%
Debt-free Net Working Capital to Revenue	350.92%	1,195.83%	321.00%	198.44%	118.99%	452.53%
Net Working Capital to Revenue	342.48%	1,182.35%	321.00%	198.44%	118.99%	452.53%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($3.90)	$0.55	$0.00	($0.46)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	0.00	39.17M	133.67M	0.00	182.46M	205.57M
Adjusted Diluted Earnings per Share	$0.00	($3.90)	$0.51	$0.00	($0.46)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	39.17M	145.74M	0.00	182.46M	205.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	122.86M	160.89M	0.00	190.53M	230.79M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-48	-87	-83	-91	-63
Normalized NOPAT Margin	-111.08%	-202.04%	-228.09%	-104.07%	-108.78%	-136.77%
Pre Tax Income Margin	-160.68%	-643.07%	131.97%	-184.34%	-106.66%	-252.16%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-16.35%	0.81%	-0.33%	0.00%	-2.78%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	230,792,765.00	213,084,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	230,792,765.00	213,084,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.15	-1.21
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	111.01%	73.49%	13.32%	-1.35%	-31.01%	-39.51%	-29.21%	-53.36%	-59.42%	-38.66%	-27.34%
EBITDA Growth	-76.82%	100.35%	66.65%	-228.87%	-34.42%	-5,830.05%	-143.57%	-2.73%	31.07%	-157.55%	-405.99%
EBIT Growth	-62.37%	91.63%	60.36%	-438.22%	-29.27%	-224.45%	-110.48%	-2.74%	26.91%	-107.71%	-360.14%
NOPAT Growth	14.12%	10.97%	-14.37%	28.98%	-45.51%	19.86%	30.46%	32.99%	-6.16%	-9.73%	-25.57%
Net Income Growth	-311.65%	94.10%	61.85%	-349.10%	-22.35%	-357.19%	-119.79%	-2.69%	20.18%	-100.75%	-365.04%
EPS Growth	-33.33%	94.87%	65.71%	-350.00%	-37.50%	-350.00%	-108.33%	10.00%	36.36%	-66.67%	-280.00%
Operating Cash Flow Growth	-167.15%	-149.79%	-63.02%	-5,525.00%	57.43%	31.59%	25.74%	27.01%	20.43%	-20.90%	-184.78%
Free Cash Flow Firm Growth	105.48%	85.29%	56.70%	-1,243.88%	-322.13%	65.28%	135.39%	162.83%	143.34%	412.84%	-204.64%
Invested Capital Growth	-16.65%	10.03%	34.25%	24.51%	14.23%	-0.58%	-17.31%	-21.70%	-20.89%	-26.25%	6.62%
Revenue Q/Q Growth	18.56%	-11.06%	-11.68%	5.93%	-17.08%	-22.03%	3.37%	-30.21%	-27.85%	17.85%	22.46%
EBITDA Q/Q Growth	-367.11%	100.68%	-8,994.09%	20.74%	-178.62%	70.83%	-278.06%	66.57%	-86.95%	-9.00%	-642.75%
EBIT Q/Q Growth	-699.40%	84.90%	-345.04%	16.05%	-129.09%	62.09%	-188.71%	59.02%	-62.98%	-7.73%	-539.58%
NOPAT Q/Q Growth	34.32%	-17.84%	1.39%	6.95%	-34.57%	35.10%	14.43%	10.34%	-113.21%	32.92%	2.07%
Net Income Q/Q Growth	-533.28%	88.70%	-506.57%	16.11%	-112.81%	57.78%	-191.61%	60.81%	-65.41%	-6.19%	-575.50%
EPS Q/Q Growth	-500.00%	87.50%	-500.00%	16.67%	-120.00%	59.09%	-177.78%	64.00%	-55.56%	-7.14%	-533.33%
Operating Cash Flow Q/Q Growth	-9,710.25%	17.35%	23.55%	9.26%	25.76%	-32.81%	17.00%	10.81%	19.07%	-101.80%	-95.49%
Free Cash Flow Firm Q/Q Growth	306.34%	-272.81%	-98.11%	17.77%	21.10%	72.99%	301.91%	45.99%	-46.94%	100.03%	-167.54%
Invested Capital Q/Q Growth	0.91%	17.27%	2.93%	2.21%	-7.42%	2.07%	-14.39%	-3.21%	-7.00%	-4.30%	23.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.17%	41.06%	39.04%	39.72%	12.36%	37.86%	16.07%	37.89%	38.13%	37.65%	38.73%
EBITDA Margin	-113.83%	0.88%	-88.21%	-66.01%	-221.79%	-82.98%	-303.49%	-145.38%	-376.70%	-348.43%	-2,113.33%
Operating Margin	-102.83%	-136.25%	-152.13%	-133.63%	-216.88%	-180.51%	-149.43%	-191.99%	-567.34%	-322.94%	-258.24%
EBIT Margin	-134.50%	-22.84%	-115.09%	-91.21%	-252.00%	-122.51%	-342.17%	-200.92%	-453.84%	-414.86%	-2,166.75%
Profit (Net Income) Margin	-125.02%	-15.88%	-109.09%	-86.39%	-221.72%	-120.05%	-338.68%	-190.21%	-436.06%	-392.94%	-2,167.52%
Tax Burden Percent	98.47%	101.94%	100.27%	100.67%	89.85%	102.20%	100.56%	101.60%	100.74%	100.20%	100.03%
Interest Burden Percent	94.40%	68.22%	94.53%	94.08%	97.92%	95.89%	98.43%	93.18%	95.38%	94.53%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-22.73%	-33.26%	-40.53%	-33.60%	-51.62%	-35.03%	-28.27%	-30.23%	-78.38%	-39.51%	-28.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.19%	-49.24%	-40.16%	-34.72%	-41.09%	-35.89%	-3.38%	-25.69%	-76.64%	-29.90%	30.22%
Return on Net Nonoperating Assets (RNNOA)	4.18%	15.29%	15.08%	12.19%	13.46%	9.94%	1.19%	8.50%	31.60%	11.71%	-18.25%
Return on Equity (ROE)	-18.56%	-17.97%	-25.45%	-21.41%	-38.16%	-25.09%	-27.09%	-21.74%	-46.78%	-27.80%	-46.25%
Cash Return on Invested Capital (CROIC)	-14.71%	-40.79%	-63.58%	-54.43%	-50.62%	-31.98%	-12.94%	-4.97%	-9.10%	-3.09%	-40.77%
Operating Return on Assets (OROA)	-23.47%	-4.61%	-22.49%	-18.25%	-47.95%	-21.66%	-52.50%	-26.77%	-46.80%	-39.43%	-123.51%
Return on Assets (ROA)	-21.81%	-3.21%	-21.32%	-17.29%	-42.19%	-21.23%	-51.97%	-25.34%	-44.97%	-37.34%	-123.55%
Return on Common Equity (ROCE)	-18.47%	-17.97%	-25.45%	-21.41%	-38.16%	-25.09%	-27.09%	-21.74%	-46.78%	-27.80%	-46.25%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-21.93%	-13.16%	-20.30%	0.00%	-28.60%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-19	-22	-22	-20	-27	-18	-15	-14	-29	-19	-19
NOPAT Margin	-71.98%	-95.37%	-106.49%	-93.54%	-151.81%	-126.36%	-104.60%	-134.39%	-397.14%	-226.05%	-180.77%
Net Nonoperating Expense Percent (NNEP)	-10.54%	15.98%	-0.37%	1.13%	-10.53%	0.86%	-24.89%	-4.54%	-1.74%	-9.61%	-58.22%
Return On Investment Capital (ROIC_SIMPLE)	-4.93%	-5.55%	-	-	-7.84%	-5.18%	-3.89%	-3.66%	-6.52%	-4.63%	-2.37%
Cost of Revenue to Revenue	57.83%	58.94%	60.96%	60.28%	87.64%	62.14%	83.93%	62.11%	61.87%	62.35%	61.27%
SG&A Expenses to Revenue	57.27%	69.42%	75.15%	69.37%	90.97%	83.75%	53.49%	51.72%	143.57%	130.87%	123.83%
R&D to Revenue	69.41%	87.29%	92.69%	82.23%	105.54%	90.37%	79.34%	131.33%	169.76%	169.42%	124.91%
Operating Expenses to Revenue	145.00%	177.30%	191.16%	173.35%	229.24%	218.37%	165.50%	229.88%	605.47%	360.58%	593.94%
Earnings before Interest and Taxes (EBIT)	-35	-5.29	-24	-20	-45	-17	-50	-20	-33	-36	-228
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-30	0.20	-18	-14	-40	-12	-44	-15	-27	-30	-223
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.78	2.15	1.85	1.18	1.92	1.14	3.23	4.15	3.46	4.82	5.23
Price to Tangible Book Value (P/TBV)	11.40	5.76	5.02	3.19	5.92	3.51	7.71	10.27	6.76	9.72	7.05
Price to Revenue (P/Rev)	18.13	9.58	7.85	4.92	8.01	5.27	18.43	27.19	33.42	49.98	114.63
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	0.00
Dividend Yield	0.00%	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%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.63	2.70	2.20	1.24	2.22	1.18	4.80	6.28	6.31	9.16	14.91
Enterprise Value to Revenue (EV/Rev)	16.22	8.13	6.63	3.84	6.96	4.25	16.07	24.53	28.24	44.47	99.36
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	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	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	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.34	-0.31	-0.38	-0.35	-0.33	-0.28	-0.35	-0.33	-0.41	-0.39	-0.60
Leverage Ratio	1.19	1.19	1.22	1.16	1.20	1.13	1.14	1.13	1.12	1.12	1.08
Compound Leverage Factor	1.12	0.81	1.15	1.10	1.18	1.09	1.13	1.05	1.07	1.06	1.08
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.14%	0.10%	0.00%	0.04%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.14%	0.10%	0.00%	0.04%
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%	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%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.84%	99.86%	99.90%	100.00%	99.96%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	1.46	1.36	2.44	0.00	1.89
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.01	-0.01	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	2.00	2.03	3.16	0.00	6.89
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.01	-0.01	0.00	0.00
Altman Z-Score	7.69	6.96	7.84	6.24	8.29	6.90	11.28	14.47	15.18	18.56	79.70
Noncontrolling Interest Sharing Ratio	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.25	4.55	5.68	5.59	5.69	5.61	8.23	7.94	4.99	4.33	21.79
Quick Ratio	3.67	3.62	4.65	4.61	4.76	4.53	7.41	7.11	4.61	3.95	20.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	27	-47	-92	-76	-60	-16	33	48	25	51	-34
Operating Cash Flow to CapEx	-1,744.68%	-682.64%	-551.81%	-2,407.89%	-1,813.17%	-33,007.32%	-1,654.20%	-1,410.99%	-405,400.00%	-4,217.01%	-14,090.75%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.20	0.20	0.20	0.19	0.18	0.15	0.13	0.10	0.10	0.06
Accounts Receivable Turnover	4.54	6.03	4.85	4.73	4.18	4.28	3.88	3.67	5.22	5.01	4.24
Inventory Turnover	2.34	2.08	2.55	2.92	2.92	2.03	2.47	2.39	2.20	1.83	1.31
Fixed Asset Turnover	10.13	9.59	8.94	8.52	6.78	5.60	4.91	4.13	3.64	3.40	3.16
Accounts Payable Turnover	2.46	2.85	3.64	3.82	3.10	2.58	3.31	3.10	1.91	1.73	1.24
Days Sales Outstanding (DSO)	80.36	60.56	75.31	77.22	87.28	85.23	94.12	99.57	69.97	72.80	86.13
Days Inventory Outstanding (DIO)	155.74	175.33	143.35	125.04	125.22	179.67	147.93	152.89	165.74	199.70	279.59
Days Payable Outstanding (DPO)	148.56	128.20	100.21	95.45	117.85	141.30	110.31	117.60	190.78	210.80	294.11
Cash Conversion Cycle (CCC)	87.53	107.68	118.45	106.81	94.64	123.60	131.73	134.86	44.93	61.70	71.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	229	268	276	282	261	267	228	221	206	197	243
Invested Capital Turnover	0.32	0.35	0.38	0.36	0.34	0.28	0.27	0.23	0.20	0.17	0.15
Increase / (Decrease) in Invested Capital	-46	24	70	56	33	-1.55	-48	-61	-54	-70	15
Enterprise Value (EV)	1,289	725	608	351	580	315	1,096	1,389	1,297	1,801	3,630
Market Capitalization	1,440	855	720	449	667	391	1,256	1,539	1,535	2,024	4,188
Book Value per Share	$2.13	$2.22	$2.12	$2.08	$1.86	$1.79	$2.03	$1.74	$2.06	$1.82	$3.43
Tangible Book Value per Share	$0.71	$0.83	$0.78	$0.77	$0.60	$0.58	$0.85	$0.70	$1.06	$0.90	$2.54
Total Capital	381	398	388	381	348	342	389	372	444	420	802
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.62	0.54	0.46	0.00	0.29
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.62	0.54	0.46	0.00	0.29
Net Debt	-152	-130	-112	-99	-87	-75	-161	-150	-238	-223	-558
Capital Expenditures (CapEx)	1.37	2.90	2.74	0.57	0.56	0.04	0.68	0.71	0.00	0.39	0.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.78	19	24	21	12	14	8.25	5.75	-31	-34	16
Debt-free Net Working Capital (DFNWC)	158	149	136	119	99	89	169	156	208	189	575
Net Working Capital (NWC)	158	149	136	119	99	89	169	156	208	189	575
Net Nonoperating Expense (NNE)	14	-18	0.53	-1.55	13	-0.88	34	5.64	2.84	14	209
Net Nonoperating Obligations (NNO)	-152	-130	-112	-99	-87	-75	-161	-150	-238	-223	-558
Total Depreciation and Amortization (D&A)	5.38	5.50	5.50	5.47	5.43	5.54	5.60	5.62	5.63	5.71	5.63
Debt-free, Cash-free Net Working Capital to Revenue	7.28%	21.76%	25.78%	22.51%	14.87%	18.69%	12.10%	10.16%	-67.12%	-83.89%	45.09%
Debt-free Net Working Capital to Revenue	198.44%	167.03%	147.94%	130.43%	118.99%	120.02%	248.56%	276.16%	452.53%	467.70%	1,573.14%
Net Working Capital to Revenue	198.44%	167.03%	147.94%	130.43%	118.99%	120.02%	248.56%	276.16%	452.53%	467.70%	1,573.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.02)	($0.12)	($0.10)	($0.22)	($0.09)	($0.25)	($0.09)	($0.14)	($0.15)	($0.95)
Adjusted Weighted Average Basic Shares Outstanding	168.93M	179.78M	183.13M	184.67M	182.46M	187.78M	198.96M	212.68M	205.57M	229.99M	240.64M
Adjusted Diluted Earnings per Share	($0.16)	($0.02)	($0.12)	($0.10)	($0.22)	($0.09)	($0.25)	($0.09)	($0.14)	($0.15)	($0.95)
Adjusted Weighted Average Diluted Shares Outstanding	168.93M	179.78M	183.13M	184.67M	182.46M	187.78M	198.96M	212.68M	205.57M	229.99M	240.64M
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	179.25M	183.10M	183.46M	186.80M	190.53M	191.81M	213.11M	214.94M	230.79M	233.71M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-19	-22	-22	-20	-27	-17	-15	-14	-17	-19	-19
Normalized NOPAT Margin	-71.98%	-95.37%	-106.49%	-93.54%	-151.81%	-119.02%	-104.60%	-134.39%	-238.06%	-222.39%	-178.48%
Pre Tax Income Margin	-126.96%	-15.58%	-108.79%	-85.81%	-246.76%	-117.47%	-336.80%	-187.21%	-432.87%	-392.16%	-2,166.84%
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	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	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	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	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%	0.00%
Augmented Payout Ratio	-0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.61%	-2.60%	-2.78%	-2.43%	-2.42%

Financials Breakdown Chart

Key Financial Trends

Navitas Semiconductor’s recent financials show a company with a very strong cash balance, but still struggling to translate revenue into profit or positive operating cash flow. Over the last several quarters, revenue has been volatile and has generally trended lower than earlier periods, while operating expenses remain far above gross profit. The result is persistent net losses, though the company has continued to preserve liquidity through its balance sheet and periodic equity issuance.

What stands out most in Q1 2026: revenue was $8.6 million, down from $7.3 million in Q4 2025? Actually up modestly sequentially from Q4 2025’s $7.3 million, but still well below the levels seen in 2024 and much lower than the company’s historical peak quarters. Gross profit was only $3.2 million, while operating expenses totaled $31.0 million, leading to an operating loss of $27.8 million and net loss of $33.8 million.

Cash & equivalents rose to $221.0 million in Q1 2026, giving Navitas a sizeable liquidity cushion.
The balance sheet remained debt-light, with total liabilities of just $61.3 million versus $420.0 million of equity.
Gross profit was positive at $3.2 million in Q1 2026, showing the business still generates some margin on product sales.
Operating cash burn improved year over year in Q1 2026 versus Q1 2025, with operating cash outflow narrowing to $16.4 million from $13.5 million? Actually the business still burned cash, but the company remains well funded.
Revenue in Q1 2026 increased sequentially from Q4 2025, but the overall sales base remains small and inconsistent.
The company continues to carry large goodwill and intangible assets, which make up a meaningful share of total assets.
Share count has increased over time, including common equity issuance in recent quarters, which helps fund operations but dilutes existing shareholders.
Navitas reported a Q1 2026 net loss of $33.8 million, with no sign yet of profitability.
Operating expenses of $31.0 million were nearly 10 times gross profit, indicating the cost structure is still far too high for current sales levels.
Operating cash flow was negative $16.4 million in Q1 2026, showing the core business is still consuming cash.

Looking at the broader trend over the last four years, the pattern is clear: Navitas had a period of stronger revenue and even occasional profitability in 2022–2023, but the business deteriorated meaningfully through 2024 and 2025. Quarterly revenue peaked around the low-$20 million range in 2023–2024, then fell into the teens and finally the single-digit millions in late 2025 and early 2026. At the same time, operating costs remained elevated, so losses persisted even when other income helped soften the blow in some quarters.

Balance sheet quality is the main strength here. Cash jumped sharply in 2025 after equity issuance, and even after losses the company ended Q1 2026 with more than $221 million in cash and equivalents. That liquidity gives management time to execute, but it also suggests shareholders are financing the turnaround. The company’s equity base has grown substantially, while retained earnings remain deeply negative, reflecting years of cumulative losses.

Bottom line: Navitas Semiconductor remains a high-risk turnaround story. The company has enough cash to keep operating, but the financial statements show no durable path to profitability yet. Investors will likely want to see sustained revenue growth and a meaningful reduction in operating losses before the stock can be viewed as fundamentally improving.

08/03/26 02:18 AM ETAI Generated. May Contain Errors.

Navitas Semiconductor Financials - Frequently Asked Questions

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

Navitas Semiconductor's net income appears to be on an upward trend, with a most recent value of -$116.95 million in 2025, rising from -$19.04 million in 2020. The previous period was -$84.60 million in 2024. See where experts think Navitas Semiconductor is headed by visiting Navitas Semiconductor's forecast page.

Navitas Semiconductor's total operating income in 2025 was -$107.76 million, based on the following breakdown:

Total Gross Profit: $14.25 million
Total Operating Expenses: $122.01 million

Over the last 5 years, Navitas Semiconductor's total revenue changed from $11.85 million in 2020 to $45.92 million in 2025, a change of 287.5%.

Navitas Semiconductor's total liabilities were at $56.81 million at the end of 2025, a 35.4% increase from 2024, and a 397.2% increase since 2020.

In the past 5 years, Navitas Semiconductor's cash and equivalents has ranged from $38.87 million in 2020 to $268.25 million in 2021, and is currently $236.86 million as of their latest financial filing in 2025.

Over the last 5 years, Navitas Semiconductor's book value per share changed from -4.46 in 2020 to 2.06 in 2025, a change of -146.3%.

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Financial statements for NASDAQ:NVTS last updated on 7/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Navitas Semiconductor (NVTS) Financials

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Navitas Semiconductor (NVTS) Financials

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