Navitas Semiconductor Corporation (NVTS)

Navitas Semiconductor Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	74.15	83.3	79.46	37.94	23.74	11.85
Revenue Growth (YoY)	-16.95%	4.84%	109.41%	59.85%	100.32%	602.37%
Cost of Revenue	50.01	54.96	48.39	26	13.05	8.13
Gross Profit	24.13	28.34	31.06	11.95	10.69	3.72
Selling, General & Admin	58.52	62.86	61.55	72.45	51.37	9.47
Research & Development	64.73	72.29	68.83	50.32	27.48	13.05
Operating Expenses	142.13	154.08	149.2	129.68	79.19	22.52
Operating Income	-118	-125.74	-118.13	-117.74	-68.51	-18.8
Interest Expense	-0.19	-0.15	-	-	-0.26	-0.24
Interest & Investment Income	4.3	5.23	5.37	1.39	-	0
Other Non Operating Income (Expenses)	0.04	0.1	0.08	50.62	-45.77	-
EBT Excluding Unusual Items	-114.13	-120.55	-112.68	-65.73	-114.53	-19.04
Merger & Restructuring Charges	-2.69	-1.22	-	-5.9	-	-
Gain (Loss) on Sale of Investments	3.91	3.91	-	-	-	-
Asset Writedown	-2.01	-2.01	-	-	-	-
Other Unusual Items	16.86	34.94	-33.79	121.71	-38.11	-
Pretax Income	-98.08	-84.94	-146.47	50.08	-152.64	-19.04
Income Tax Expense	-0.33	-0.34	-0.52	-22.81	0.05	0.01
Earnings From Continuing Operations	-97.75	-84.6	-145.95	72.89	-152.69	-19.04
Minority Interest in Earnings	-	-	0.52	1.03	-	-
Net Income	-97.75	-84.6	-145.43	73.91	-152.69	-19.04
Net Income to Common	-97.75	-84.6	-145.43	73.91	-152.69	-19.04
Shares Outstanding (Basic)	184	182	169	134	39	16
Shares Outstanding (Diluted)	184	182	169	146	39	16
Shares Change (YoY)	5.60%	8.01%	15.91%	272.11%	141.09%	11.92%
EPS (Basic)	-0.53	-0.46	-0.86	0.55	-3.90	-1.17
EPS (Diluted)	-0.53	-0.46	-0.86	0.51	-3.90	-1.17
Free Cash Flow	-56.49	-65.59	-46.16	-49.14	-44.45	-20.85
Free Cash Flow Per Share	-0.31	-0.36	-0.27	-0.34	-1.14	-1.28
Gross Margin	32.55%	34.02%	39.10%	31.49%	45.02%	31.35%
Operating Margin	-159.15%	-150.94%	-148.68%	-310.30%	-288.63%	-158.69%
Profit Margin	-131.83%	-101.56%	-183.04%	194.80%	-643.26%	-160.72%
Free Cash Flow Margin	-76.19%	-78.74%	-58.10%	-129.51%	-187.26%	-175.95%
EBITDA	-96.06	-103.85	-97.15	-109.9	-67.75	-18.29
EBITDA Margin	-129.56%	-124.66%	-122.27%	-289.64%	-285.44%	-154.38%
D&A For EBITDA	21.94	21.89	20.98	7.84	0.76	0.51
EBIT	-118	-125.74	-118.13	-117.74	-68.51	-18.8
EBIT Margin	-159.15%	-150.94%	-148.68%	-	-288.63%	-158.69%
Advertising Expenses	-	-	-	0.1	0.3	0.37

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q