PerpEquities

Equity

Navitas Semiconductor Corp (NVTS) perpetual futures

NVTS perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NVTSUSDT.

Navitas Semiconductor designs and markets gallium nitride and silicon carbide power semiconductors for automotive, data center, mobile, and consumer electronics applications.

$8.34-9.6%NASDAQ closed
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Collecting venue price data...
venue perp mark · BingX (NVTS-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$103.5KCoverage: 1/2 marketsExchange-reported volume: $1.4M
Open interest
$171.2K
Best liquidity
$3.7K
MEXC
Tightest spread
+72.1 bps
MEXC
Highest volume
$103.5K
MEXC
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $153M
OI / float
+0.01%
Float $1.9B
Spot performance
1D-9.64%
5D-20.80%
1M-25.13%
6M-32.31%
YTD+16.81%
1Y-43.11%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeNVTS/USDTTrading$8.34-13.0% APR
-0.012% every 8h
+72.1 bps$3.7K$103.5K$170.4KUSDT20x
BingXTradeNVTS-USDTTrading$8.32-9.1% APR
-0.00830% every 8h
+84.2 bps$445.3$1.3M⚠$772.6USDT-

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 2 venues absorb $10k · Typical cost: +187.2 bps

Cheapest execution: BingX · +187.2 bps

Too thin: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

NVTS

Tightest spread

NVTS

Highest volume

NVTS

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$2.2B
Updated 2h ago
Revenue
$36.5M
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
-856.9%
P/E
-6.3
Peer P/E -5.9
Free cash flow
-$67.8M
Trailing 12 months
More metrics
Net income
-$313.1M
Trailing 12 months
P/S
59.6
Peer P/E
-5.9
Similar listed perps
Revenue estimate
$47.7M
Next fiscal year
Earnings
2026-11-03
Revenue est. $13.5M · Updated 2h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$45.9M
Net margin-254.7%
Free cash flow-$44.4M
Net debt-$230.4M
2020$11.8M
2021$23.7M
2022$37.9M
2023$79.5M
2024$83.3M
2025$45.9M
PeriodRevenueGrowthNet incomeFCF
2020$11.8M+602%-$19M-$20.8M
2021$23.7M+100%-$152.7M-$43.8M
2022$37.9M+60%$73.9M-$49.1M
2023$79.5M+109%-$145.4M-$46.2M
2024$83.3M+5%-$84.6M-$65.6M
2025$45.9M-45%-$117M-$44.4M
PeriodGross marginOperating marginNet marginROEROA
2020+31.4%-158.7%-160.7%+26.3%-39.3%
2021+45.0%-288.6%-643.3%-233.0%-51.7%
2022+31.5%-325.8%+194.8%+19.4%+17.4%
2023+39.1%-148.7%-183.0%-38.2%-30.0%
2024+34.0%-156.9%-101.6%-24.3%-21.7%
2025+31.0%-190.0%-254.7%-26.4%-23.4%
PeriodCashDebtNet debtCurrent ratio
2020$38.9M$6M-$32.9M7.37
2021$268.3M$6.9M-$261.3M27.16
2022$110.3M$6.6M-$103.8M6.98
2023$151.9M$8.5M-$143.3M4.25
2024$86.7M$7.3M-$79.4M5.69
2025$236.9M$6.5M-$230.4M4.99
PeriodMarket capEnterprise valueP/SP/E
2020$176.8M$143.9M14.9-18.1
2021$666.2M$404.9M28.1-4.4
2022$469.2M$365.4M12.46.3
2023$1.4B$1.2B17.2-9.4
2024$655.9M$576.5M7.9-7.8
2025$1.5B$1.2B32.0-12.5
Q3 2024$21.7M
Q4 2024$18M
Q1 2025$14M
Q2 2025$14.5M
Q3 2025$10.1M
Q4 2025$7.3M
Q1 2026$8.6M
Q2 2026$10.5M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$21.7M-1%-$18.7M-$14.3M
Q4 2024$18M-31%-$39.9M-$10.8M
Q1 2025$14M-40%-$16.8M-$13.6M
Q2 2025$14.5M-29%-$49.1M-$11.9M
Q3 2025$10.1M-53%-$19.2M-$10.7M
Q4 2025$7.3M-59%-$31.8M-$8.2M
Q1 2026$8.6M-39%-$33.8M-$16.8M
Q2 2026$10.5M-27%-$228.2M-$32.2M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+39.7%-133.6%-86.4%-4.9%-4.5%
Q4 2024-13.6%-210.1%-221.7%-11.5%-10.2%
Q1 2025+37.9%-180.5%-120.1%-4.9%-4.5%
Q2 2025+16.1%-149.4%-338.7%-12.6%-10.9%
Q3 2025-8.9%-192.0%-190.2%-5.2%-4.5%
Q4 2025+38.1%-340.1%-436.1%-7.2%-6.4%
Q1 2026-17.4%-317.7%-392.9%-8.0%-7.0%
Q2 2026-9.5%-258.2%-2,167.5%-28.5%-27.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$98.6M$7.9M-$90.8M5.59
Q4 2024$86.7M$7.3M-$79.4M5.69
Q1 2025$75.1M$6.9M-$68.2M5.61
Q2 2025$161.2M$7.4M-$153.8M8.23
Q3 2025$150.6M$6.9M-$143.6M7.94
Q4 2025$236.9M$6.5M-$230.4M4.99
Q1 2026$221M$6.3M-$214.7M4.33
Q2 2026$557.4M$5.1M-$552.3M21.79
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$452.4M$361.7M20.9-6.1
Q4 2024$668.4M$589M37.2-4.3
Q1 2025$385M$316.7M27.5-5.7
Q2 2025$1.3B$1.1B89.9-6.6
Q3 2025$1.5B$1.4B151.9-20.0
Q4 2025$1.6B$1.4B217.6-12.7
Q1 2026$1.9B$1.7B226.8-14.6
Q2 2026$4.2B$3.7B401.4-4.7

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$10.5MQ2 2026
$6.5M$13M$19.5M$26.1MQ3 2023: $22MQ4 2023: $26.1MQ1 2024: $23.2MQ2 2024: $20.5MQ3 2024: $21.7MQ4 2024: $18MQ1 2025: $14MQ2 2025: $14.5MQ3 2025: $10.1MQ4 2025: $7.3MQ1 2026: $8.6MQ2 2026: $10.5MQ3 2023Q2 2026
Net income-$228.2MQ2 2026
-$169.3M-$110.3M-$51.4M$7.5MQ3 2023: $7.5MQ4 2023: -$32.6MQ1 2024: -$3.7MQ2 2024: -$22.3MQ3 2024: -$18.7MQ4 2024: -$39.9MQ1 2025: -$16.8MQ2 2025: -$49.1MQ3 2025: -$19.2MQ4 2025: -$31.8MQ1 2026: -$33.8MQ2 2026: -$228.2MQ3 2023Q2 2026
EBITDA-$21.6MQ2 2026
-$29.3M-$15.3M-$1.2M$12.9MQ3 2023: $12.9MQ4 2023: -$27.7MQ1 2024: $1.9MQ2 2024: -$16.8MQ3 2024: -$13.1MQ4 2024: -$38.9MQ1 2025: -$18.3MQ2 2025: -$43.4MQ3 2025: -$13.6MQ4 2025: -$25.9MQ1 2026: -$27.7MQ2 2026: -$21.6MQ3 2023Q2 2026
Free cash flow-$32.2MQ2 2026
-$24.2M-$16.1M-$8.1MQ3 2023: -$2MQ4 2023: -$24MQ1 2024: -$22.7MQ2 2024: -$17.9MQ3 2024: -$14.3MQ4 2024: -$10.8MQ1 2025: -$13.6MQ2 2025: -$11.9MQ3 2025: -$10.7MQ4 2025: -$8.2MQ1 2026: -$16.8MQ2 2026: -$32.2MQ3 2023Q2 2026
EPS-$0.95Q2 2026
-$0.7-$0.45-$0.21$0.04Q3 2023: $0.04Q4 2023: -$0.18Q1 2024: -$0.02Q2 2024: -$0.12Q3 2024: -$0.1Q4 2024: -$0.21Q1 2025: -$0.09Q2 2025: -$0.25Q3 2025: -$0.09Q4 2025: -$0.14Q1 2026: -$0.15Q2 2026: -$0.95Q3 2023Q2 2026
Cash / Debt$557.4MQ2 2026
$139.4M$278.7M$418.1M$557.4MQ3 2023 · Cash: $176.7MQ3 2023 · Debt: $6.1MQ4 2023 · Cash: $151.9MQ4 2023 · Debt: $8.5MQ1 2024 · Cash: $129.7MQ1 2024 · Debt: $8.2MQ2 2024 · Cash: $112MQ2 2024 · Debt: $8.2MQ3 2024 · Cash: $98.6MQ3 2024 · Debt: $7.9MQ4 2024 · Cash: $86.7MQ4 2024 · Debt: $7.3MQ1 2025 · Cash: $75.1MQ1 2025 · Debt: $6.9MQ2 2025 · Cash: $161.2MQ2 2025 · Debt: $7.4MQ3 2025 · Cash: $150.6MQ3 2025 · Debt: $6.9MQ4 2025 · Cash: $236.9MQ4 2025 · Debt: $6.5MQ1 2026 · Cash: $221MQ1 2026 · Debt: $6.3MQ2 2026 · Cash: $557.4MQ2 2026 · Debt: $5.1MQ3 2023Q2 2026
CashDebt
Profitability-9.5%Q2 2026
-1,615.1%-1,062.7%-510.3%+42.2%Q3 2023 · Gross margin: +32.3%Q4 2023 · Gross margin: +42.2%Q1 2024 · Gross margin: +41.1%Q2 2024 · Gross margin: +39.0%Q3 2024 · Gross margin: +39.7%Q4 2024 · Gross margin: -13.6%Q1 2025 · Gross margin: +37.9%Q2 2025 · Gross margin: +16.1%Q3 2025 · Gross margin: -8.9%Q4 2025 · Gross margin: +38.1%Q1 2026 · Gross margin: -17.4%Q2 2026 · Gross margin: -9.5%Q3 2023 · Operating margin: -130.3%Q4 2023 · Operating margin: -102.8%Q1 2024 · Operating margin: -136.2%Q2 2024 · Operating margin: -152.1%Q3 2024 · Operating margin: -133.6%Q4 2024 · Operating margin: -210.1%Q1 2025 · Operating margin: -180.5%Q2 2025 · Operating margin: -149.4%Q3 2025 · Operating margin: -192.0%Q4 2025 · Operating margin: -340.1%Q1 2026 · Operating margin: -317.7%Q2 2026 · Operating margin: -258.2%Q3 2023 · Net margin: +34.2%Q4 2023 · Net margin: -125.0%Q1 2024 · Net margin: -15.9%Q2 2024 · Net margin: -109.1%Q3 2024 · Net margin: -86.4%Q4 2024 · Net margin: -221.7%Q1 2025 · Net margin: -120.1%Q2 2025 · Net margin: -338.7%Q3 2025 · Net margin: -190.2%Q4 2025 · Net margin: -436.1%Q1 2026 · Net margin: -392.9%Q2 2026 · Net margin: -2,167.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-27.3%Q2 2026
-44.6%-29.7%-14.9%Q3 2024: -1.4%Q4 2024: -31.0%Q1 2025: -39.5%Q2 2025: -29.2%Q3 2025: -53.4%Q4 2025: -59.4%Q1 2026: -38.7%Q2 2026: -27.3%Q3 2023Q2 2026
Shares outstanding235.9MQ2 2026
59M117.9M176.9M235.9MQ3 2023: 185.6MQ4 2023: 178.8MQ1 2024: 179.8MQ2 2024: 183.1MQ3 2024: 184.7MQ4 2024: 187.2MQ1 2025: 187.8MQ2 2025: 199MQ3 2025: 212.7MQ4 2025: 222.3MQ1 2026: 222.3MQ2 2026: 235.9MQ3 2023Q2 2026
Valuation-4.7Q2 2026
54.8170.3285.9401.4Q3 2023 · P/E: 43.4Q4 2023 · P/E: -11.2Q1 2024 · P/E: -60.8Q2 2024 · P/E: -8.1Q3 2024 · P/E: -6.1Q4 2024 · P/E: -4.3Q1 2025 · P/E: -5.7Q2 2025 · P/E: -6.6Q3 2025 · P/E: -20.0Q4 2025 · P/E: -12.7Q1 2026 · P/E: -14.6Q2 2026 · P/E: -4.7Q3 2023 · P/S: 55.4Q4 2023 · P/S: 55.4Q1 2024 · P/S: 37.7Q2 2024 · P/S: 35.0Q3 2024 · P/S: 20.9Q4 2024 · P/S: 37.2Q1 2025 · P/S: 27.5Q2 2025 · P/S: 89.9Q3 2025 · P/S: 151.9Q4 2025 · P/S: 217.6Q1 2026 · P/S: 226.8Q2 2026 · P/S: 401.4Q3 2023Q2 2026
P/EP/S
Revenue$45.9M2025
$20.8M$41.7M$62.5M$83.3M2019: $1.7M2020: $11.8M2021: $23.7M2022: $37.9M2023: $79.5M2024: $83.3M2025: $45.9M20192025
Net income-$117M2025
-$96M-$39.4M$17.3M$73.9M2019: -$17.3M2020: -$19M2021: -$152.7M2022: $73.9M2023: -$145.4M2024: -$84.6M2025: -$117M20192025
EBITDA-$93.7M2025
-$99.4M-$47M$5.5M$57.9M2019: -$16.7M2020: -$18.3M2021: -$151.9M2022: $57.9M2023: -$125.5M2024: -$66.8M2025: -$93.7M20192025
Free cash flow-$44.4M2025
-$49.2M-$32.8M-$16.4M2019: -$17.7M2020: -$20.8M2021: -$43.8M2022: -$49.1M2023: -$46.2M2024: -$65.6M2025: -$44.4M20192025
EPS-$0.572025
-$2.8-$1.69-$0.59$0.512019: -$1.22020: -$0.62021: -$3.92022: $0.512023: -$0.862024: -$0.462025: -$0.5720192025
Cash / Debt$236.9M2025
$67.1M$134.1M$201.2M$268.3M2019 · Cash: $6M2019 · Debt: $4.8M2020 · Cash: $38.9M2020 · Debt: $6M2021 · Cash: $268.3M2021 · Debt: $6.9M2022 · Cash: $110.3M2022 · Debt: $6.6M2023 · Cash: $151.9M2023 · Debt: $8.5M2024 · Cash: $86.7M2024 · Debt: $7.3M2025 · Cash: $236.9M2025 · Debt: $6.5M20192025
CashDebt
Profitability+31.0%2025
-722.6%-416.8%-111.0%+194.8%2019 · Gross margin: +30.8%2020 · Gross margin: +31.4%2021 · Gross margin: +45.0%2022 · Gross margin: +31.5%2023 · Gross margin: +39.1%2024 · Gross margin: +34.0%2025 · Gross margin: +31.0%2019 · Operating margin: -1,013.3%2020 · Operating margin: -158.7%2021 · Operating margin: -288.6%2022 · Operating margin: -325.8%2023 · Operating margin: -148.7%2024 · Operating margin: -156.9%2025 · Operating margin: -190.0%2019 · Net margin: -1,028.4%2020 · Net margin: -160.7%2021 · Net margin: -643.3%2022 · Net margin: +194.8%2023 · Net margin: -183.0%2024 · Net margin: -101.6%2025 · Net margin: -254.7%20192025
Gross marginOperating marginNet margin
Revenue growth-44.9%2025
+116.9%+278.7%+440.6%+602.4%2020: +602.4%2021: +100.3%2022: +59.9%2023: +109.4%2024: +4.8%2025: -44.9%20192025
Shares outstanding205.6M2025
51.4M102.8M154.2M205.6M2019: 14.5M2020: 16.2M2021: 39.2M2022: 145.7M2023: 168.9M2024: 183.7M2025: 205.6M20192025
Valuation-12.52025
9.837.765.793.62019 · P/E: -9.12020 · P/E: -18.12021 · P/E: -4.42022 · P/E: 6.32023 · P/E: -9.42024 · P/E: -7.82025 · P/E: -12.52019 · P/S: 93.62020 · P/S: 14.92021 · P/S: 28.12022 · P/S: 12.42023 · P/S: 17.22024 · P/S: 7.92025 · P/S: 32.020192025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $13.5M · Updated 2h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.15$47.7M+4%4
FY 2027-0.12$72.7M+58%5
FY 2028-0.07$116.2M+153%5
FY 2029-0.08$200M+336%1
FY 20300.35$500M+989%1
Q1 2027-0.03$15.8M+84%1

Company events

6
2026-11-03EarningsActual - / Estimate -0.04-
2026-07-27EarningsActual -0.04 / Estimate -0.04Beat
2026-05-05EarningsActual -0.04 / Estimate -0.05Beat
2026-02-24EarningsActual -0.05 / Estimate -0.05In line
2025-11-03EarningsActual -0.05 / Estimate -0.05In line
2025-08-04EarningsActual -0.05 / Estimate -0.05In line

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering NVTS have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings2796
Analysts813
Buy / hold / sell6 / 15 / 654 / 31 / 11
Upgrades / downgrades / initiations0 / 1 / 00 / 7 / 1
Price targets hit / missed6 / 16 (27%)47 / 26 (64%)
Avg. return after a rating (TipRanks)-7.8%+60.8%
Best / worst call+119.8% / -56.1%+515.3% / -56.1%

After buy calls on this stock: median 21-day move -10.9% vs S&P 500 -10.1% (n = 59)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Quinn BoltonNeedham60% hit rate on this stock · 10 targets measuredBuytarget $21.00Jul 28, 2026

Latest ratings

DateAnalystCallTarget
Sep 29, 2026Richard ShannonCraig-HallumHoldMaintained–
Sep 29, 2026Joseph MooreMorgan StanleySellMaintained$12.60
Jul 28, 2026Joseph MooreMorgan StanleySellReiterated$12.60
Jul 28, 2026Quinn BoltonNeedhamBuyReiterated$21.00
Jul 27, 2026Blayne CurtisJefferiesHoldMaintained$13.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$10.00$15.00$20.00$25.00Nov 25 · Buy 3 · Hold 4 · Sell 1Nov 25Dec 25 · Buy 3 · Hold 3 · Sell 1Jan 26 · Buy 3 · Hold 3 · Sell 1Jan 26Feb 26 · Buy 2 · Hold 3 · Sell 1Mar 26 · Buy 2 · Hold 3 · Sell 1Mar 26Apr 26 · Buy 2 · Hold 3 · Sell 1May 26 · Buy 2 · Hold 3 · Sell 1May 26Jun 26 · Buy 2 · Hold 3 · Sell 1Jul 26 · Buy 2 · Hold 4 · Sell 1Jul 26Aug 26 · Buy 2 · Hold 4 · Sell 1Sep 26 · Buy 2 · Hold 4 · Sell 1Sep 26Oct 26 · Buy 2 · Hold 4 · Sell 1Nov 25 · avg. target $8.64Dec 25 · avg. target $8.64Jan 26 · avg. target $8.64Feb 26 · avg. target $8.84Mar 26 · avg. target $8.64Apr 26 · avg. target $8.64May 26 · avg. target $14.95Jun 26 · avg. target $14.95Jul 26 · avg. target $15.43Aug 26 · avg. target $15.43Sep 26 · avg. target $15.43Oct 26 · avg. target $15.43Nov 25 · month-end close $8.74Dec 25 · month-end close $7.14Jan 26 · month-end close $8.58Feb 26 · month-end close $9.00Mar 26 · month-end close $8.77Apr 26 · month-end close $16.50May 26 · month-end close $26.60Jun 26 · month-end close $17.92Jul 26 · month-end close $10.86Aug 26 · month-end close $11.59Sep 26 · month-end close $11.61Oct 26 · month-end close $10.78

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 16, 2026 · 27 ratings

Frequently asked questions

Where can I trade NVTS perpetual futures?

Navitas Semiconductor Corp (NVTS) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NVTS around the clock?

Yes. Unlike the underlying stock, NVTS perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on NVTS perpetuals?

Right now the NVTS perp funding rate is -11.1% annualized (venue median), ranging from -13.0% to -9.1% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the NVTS perp price compare to the Navitas Semiconductor Corp stock?

The venue-median NVTS perp mark is $8.33 versus a reference stock price of $8.34, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a NVTS perpetual future?

A NVTS perpetual is a derivative that tracks the price of Navitas Semiconductor Corp with no expiry date. It lets you take long or short exposure to Navitas Semiconductor Corp on crypto venues, around the clock.

What is NVTSUSDT perpetual?

NVTSUSDT is the symbol most crypto exchanges use for the Navitas Semiconductor Corp perpetual settled in USDT (Tether). It tracks the NVTS share price through an index, trades 24/7 with leverage and never expires.

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