Navitas Semiconductor Corp (NVTS) income statement
NASDAQ · Technology · Semiconductors · 190 employees · CEO Chris Allexandre
- Price
- $8.48 -7.83%
- Market cap
- $2.21B
- Enterprise value
- $1.66B
- Last report
- Q2 '26 filed 2026-07-27
- Next report
- 2026-11-03 EPS est. -$0.04
Navitas Semiconductor Corp (NVTS) reported revenue of $10.5M for Q2 '26 (-27.3% year on year), operating income of -$27.2M (-258.2% of revenue) and net income of -$228M. Over the last four quarters revenue was $36.5M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22M | $26.1M | $23.2M | $20.5M | $21.7M | $18M | $14M | $14.5M | $10.1M | $7.3M | $8.6M | $10.5M | |
| Cost of revenue | $14.9M | $15.1M | $13.7M | $12.5M | $13.1M | $20.4M | $8.71M | $12.2M | $11M | $4.51M | $10.1M | $11.5M | |
| Gross profit | $7.1M | $11M | $9.52M | $7.99M | $8.61M | -$2.44M | $5.31M | $2.33M | -$904K | $2.78M | -$1.5M | -$1M | |
| Research & development | $16.6M | $18.1M | $20.2M | $19M | $17.8M | $19M | $12.7M | $11.5M | $13.3M | $12.4M | $14.6M | $13.2M | |
| Other operating expenses | $4.77M | $4.77M | $4.77M | $4.77M | $4.72M | $0 | $6.2M | $4.73M | $0 | $4.73M | $0 | $0 | |
| Operating expenses | $35.7M | $37.8M | $41.1M | $39.1M | $37.6M | $35.3M | $30.6M | $24M | $18.5M | $27.6M | $25.8M | $26.2M | |
| Operating income | -$28.6M | -$26.8M | -$31.6M | -$31.1M | -$29M | -$37.8M | -$25.3M | -$21.7M | -$19.4M | -$24.8M | -$27.3M | -$27.2M | |
| Interest income | $1.7M | $1.96M | $1.68M | $0 | $0 | $0 | $0 | $778K | $1.39M | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $0 | $72K | $39K | $40K | $0 | $0 | $0 | $369K | $264K | $274K | |
| Other non-operating income (gains on investments, FX ...) | -$36.2M | $6.29M | -$28M | -$8.87M | -$10.4M | $6.56M | -$1.47M | $27.4M | -$161K | $6.69M | $6.14M | $0 | |
| Total non-operating income | $36.2M | -$6.29M | $28M | $8.87M | $10.4M | -$2.69M | $8.56M | -$27.4M | $161K | -$7.06M | -$6.4M | -$201M | |
| Income before tax | $7.54M | -$33.1M | -$3.61M | -$22.3M | -$18.6M | -$40.5M | -$16.7M | -$49M | -$19.3M | -$31.9M | -$33.7M | -$228M | |
| Income tax | $23K | -$504K | $70K | $61K | $125K | -$598K | $82K | $48K | -$19K | -$61K | $67K | $71K | |
| Net income | $7.52M | -$32.6M | -$3.68M | -$22.3M | -$18.7M | -$39.9M | -$16.8M | -$49.1M | -$19.2M | -$31.8M | -$33.8M | -$228M | |
| EPS (basic) | $0.04 | -$0.18 | -$0.02 | -$0.12 | -$0.10 | -$0.21 | -$0.09 | -$0.25 | -$0.09 | -$0.14 | -$0.15 | -$0.95 | |
| EPS (diluted) | $0.04 | -$0.18 | -$0.02 | -$0.12 | -$0.10 | -$0.21 | -$0.09 | -$0.25 | -$0.09 | -$0.14 | -$0.15 | -$0.95 | |
| Shares (basic, weighted) | 175M | 179M | 180M | 183M | 185M | 187M | 188M | 199M | 213M | 222M | 222M | 236M | |
| Shares (diluted, weighted) | 186M | 179M | 180M | 183M | 185M | 187M | 188M | 199M | 213M | 222M | 222M | 236M | |
| Depreciation & amortization | $5.34M | $5.38M | $5.5M | $5.5M | $5.47M | $5.43M | $5.54M | $5.6M | $5.62M | $5.63M | $5.71M | $5.63M | |
| EBITDA | $12.9M | -$27.7M | $1.89M | -$16.8M | -$13.1M | -$38.9M | -$18.3M | -$43.4M | -$13.6M | -$25.9M | -$27.7M | -$21.6M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69M | $11.8M | $23.7M | $37.9M | $79.5M | $83.3M | $45.9M | |
| Cost of revenue | $1.17M | $8.13M | $13.1M | $26M | $48.4M | $55M | $31.7M | |
| Gross profit | $520K | $3.72M | $10.7M | $11.9M | $31.1M | $28.3M | $14.2M | |
| Research & development | $11.1M | $13M | $27.5M | $50.3M | $68.8M | $76M | $49.8M | |
| Sales & marketing | $661K | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $5.82M | $9.47M | $51.4M | $0 | $0 | $0 | $0 | |
| Other operating expenses | $0 | $0 | $345K | $6.91M | $18.8M | $20.1M | $18.9M | |
| Operating expenses | $17.6M | $22.5M | $79.2M | $136M | $149M | $159M | $102M | |
| Operating income | -$17.1M | -$18.8M | -$68.5M | -$124M | -$118M | -$131M | -$87.3M | |
| Interest income | $254K | $4K | $22K | $1.39M | $1.31M | $0 | $0 | |
| Interest expense | $0 | $240K | $279K | $0 | $0 | $150K | $863K | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $84.1M | -$174M | $28.3M | -$42M | $28.8M | |
| Total non-operating income | -$254K | -$236K | -$84.1M | $174M | -$28.3M | $45.7M | -$29.7M | |
| Income before tax | -$17.3M | -$19M | -$153M | $50.1M | -$146M | -$84.9M | -$117M | |
| Income tax | $1K | $5K | $47K | -$22.8M | -$517K | -$342K | $50K | |
| Net income | -$17.3M | -$19M | -$153M | $73.9M | -$145M | -$84.6M | -$117M | |
| EPS (basic) | -$1.20 | -$0.60 | -$3.90 | $0.56 | -$0.86 | -$0.46 | -$0.57 | |
| EPS (diluted) | -$1.20 | -$0.60 | -$3.90 | $0.51 | -$0.86 | -$0.46 | -$0.57 | |
| Shares (basic, weighted) | 14.5M | 16.2M | 39.2M | 134M | 169M | 184M | 206M | |
| Shares (diluted, weighted) | 14.5M | 16.2M | 39.2M | 146M | 169M | 184M | 206M | |
| Depreciation & amortization | $385K | $511K | $755K | $7.84M | $21M | $21.9M | $22.4M | |
| EBITDA | -$16.7M | -$18.3M | -$152M | $57.9M | -$125M | -$66.8M | -$93.7M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02