Navitas Semiconductor Corporation (NVTS) Income Statement
NVTS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNVTS revenue and net income
Where NVTS's revenue goes
2025Each bar shows an amount and its share of revenue. NVTS kept −254.7% of revenue as net income.
NVTS profit margins
NVTS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −44.9% | +6.6% | +31.1% | — |
| Gross profit | −49.7% | +6.0% | +30.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NVTS quarterly EPS vs estimates
Navitas Semiconductor beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $-0.08).
NVTS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $45.9M | $83.3M | $79.5M | $37.9M | $23.7M | $11.8M | $1.7M |
| Cost of revenue | $31.7M | $55.0M | $48.4M | $26.0M | $13.1M | $8.1M | $1.2M |
| Gross profit | $14.2M | $28.3M | $31.1M | $11.9M | $10.7M | $3.7M | $520,000 |
| Research & development | $49.8M | $76.0M | $68.8M | $50.3M | $27.5M | $13.0M | $11.1M |
| Sales, general & admin | $35.2M | $62.9M | $62.4M | $79.5M | $51.7M | $9.8M | $6.5M |
| Total operating expenses | $101.5M | $159.0M | $149.2M | $135.6M | $79.2M | $22.5M | $17.6M |
| Operating income | −$87.3M | −$130.7M | −$118.1M | −$123.6M | −$68.5M | −$18.8M | −$17.1M |
| Interest income | $863,000 | — | $5.4M | $1.4M | — | — | — |
| Interest expense | $863,000 | $150,000 | — | $1.4M | $279,000 | $240,000 | $0 |
| Income before taxes | −$116.9M | −$84.9M | −$146.5M | $50.1M | −$152.6M | −$19.0M | −$17.3M |
| Income taxes | $50,000 | −$342,000 | −$517,000 | −$22.8M | $47,000 | $5,000 | $1,000 |
| Net income | −$117.0M | −$84.6M | −$145.4M | $73.9M | −$152.7M | −$19.0M | −$17.3M |
| EBITDA | −$93.7M | −$66.8M | −$125.5M | $57.9M | −$151.9M | −$18.3M | −$16.7M |
| EPS (diluted) | −$0.21 | −$0.25 | −$0.20 | −$0.28 | −$1.57 | −$1.28 | — |
| Gross margin | 31.0% | 34.0% | 39.1% | 31.5% | 45.0% | 31.4% | 30.8% |
| Operating margin | −190.0% | −156.9% | −148.7% | −325.8% | −288.6% | −158.7% | −1,013.3% |
| Net margin | −254.7% | −101.6% | −183.0% | 194.8% | −643.3% | −160.7% | −1,028.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5M | $8.6M | $7.3M | $10.1M | $14.5M | $14.0M | $18.0M | $21.7M | $20.5M | $23.2M | $26.1M | $22.0M |
| Cost of revenue | $11.5M | $10.1M | $4.5M | $11.0M | $12.2M | $8.7M | $20.4M | $13.1M | $12.5M | $13.7M | $15.1M | $14.9M |
| Gross profit | −$1.0M | −$1.5M | $2.8M | −$904,000 | $2.3M | $5.3M | −$2.4M | $8.6M | $8.0M | $9.5M | $11.0M | $7.1M |
| Research & development | $13.2M | $14.6M | $12.4M | $13.3M | $11.5M | $12.7M | $19.0M | $17.8M | $19.0M | $20.2M | $18.1M | $16.6M |
| Sales, general & admin | $13.0M | $11.3M | $10.5M | $5.2M | $7.8M | $11.7M | $16.4M | $15.0M | $15.4M | $16.1M | $14.9M | $14.4M |
| Total operating expenses | $26.2M | $25.8M | $27.6M | $18.5M | $24.0M | $30.6M | $35.3M | $37.6M | $39.1M | $41.1M | $37.8M | $35.7M |
| Operating income | −$27.2M | −$27.3M | −$24.8M | −$19.4M | −$21.7M | −$25.3M | −$37.8M | −$29.0M | −$31.1M | −$31.6M | −$26.8M | −$28.6M |
| Interest income | — | — | — | — | — | — | — | — | — | $1.7M | $2.0M | $1.7M |
| Interest expense | $274,000 | $264,000 | $369,000 | $401,000 | $131,000 | $40,000 | $40,000 | $39,000 | $72,000 | — | $903,000 | — |
| Income before taxes | −$228.1M | −$33.7M | −$31.9M | −$19.3M | −$49.0M | −$16.7M | −$40.5M | −$18.6M | −$22.3M | −$3.6M | −$33.1M | $7.5M |
| Income taxes | $71,000 | $67,000 | −$61,000 | −$19,000 | $48,000 | $82,000 | −$598,000 | $125,000 | $61,000 | $70,000 | −$505,000 | $23,000 |
| Net income | −$228.2M | −$33.8M | −$31.8M | −$19.2M | −$49.1M | −$16.8M | −$39.9M | −$18.7M | −$22.3M | −$3.7M | −$32.6M | $7.5M |
| EBITDA | −$21.6M | −$27.7M | −$25.9M | −$13.6M | −$43.4M | −$18.3M | −$38.9M | −$13.1M | −$16.8M | $1.9M | −$13.1M | $12.9M |
| EPS (diluted) | −$0.08 | −$0.04 | −$0.05 | −$0.05 | −$0.05 | −$0.06 | −$0.06 | −$0.06 | −$0.07 | −$0.06 | −$0.04 | −$0.04 |
| Gross margin | −9.5% | −17.4% | 38.1% | −8.9% | 16.1% | 37.9% | −13.6% | 39.7% | 39.0% | 41.1% | 42.2% | 32.3% |
| Operating margin | −258.2% | −317.7% | −340.1% | −192.0% | −149.4% | −180.5% | −210.1% | −133.6% | −152.1% | −136.2% | −102.8% | −130.3% |
| Net margin | −2,167.5% | −392.9% | −436.1% | −190.2% | −338.7% | −120.1% | −221.7% | −86.4% | −109.1% | −15.9% | −125.0% | 34.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NVTS's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NVTS financial results
In fiscal year 2025 (ended December 31, 2025), Navitas Semiconductor reported revenue of $45.9 million, down 44.9% from the year before. It had a net loss of $117.0 million, a net profit margin of −254.7%. Diluted earnings per share came to −$0.21. Over five years revenue grew at an average rate of 31.1% a year.
See the NVTS stock overview for the latest quote and news, or the NVTS chart for price history and technical indicators.
NVTS income statement FAQ
What is Navitas Semiconductor's annual revenue?
Navitas Semiconductor reported total revenue of $45.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 44.9% from $83.3 million the previous year.
Is Navitas Semiconductor profitable?
No. Navitas Semiconductor reported a net loss of $117.0 million in fiscal 2025, a net profit margin of −254.7%; its operating margin was −190.0%.
What is Navitas Semiconductor's gross margin?
Navitas Semiconductor's gross margin was 31.0% in fiscal 2025: for every $100 of revenue, Navitas Semiconductor kept $31 after the direct cost of its products and services.
How much does Navitas Semiconductor spend on research and development?
Navitas Semiconductor spent $49.8 million on research and development in fiscal 2025, 108.5% of revenue.
How fast is Navitas Semiconductor growing?
Revenue grew 31.1% a year on average over the last five fiscal years, from $11.8 million to $45.9 million.
What are Navitas Semiconductor's earnings per share?
Navitas Semiconductor earned $-0.21 per diluted share in fiscal 2025, compared with $-0.25 a year earlier.
When will Navitas Semiconductor report its next earnings?
Navitas Semiconductor is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Navitas Semiconductor's fiscal year end?
Navitas Semiconductor's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.