Navitas Semiconductor Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	40.5	45.92	83.3	79.46	37.94	23.74
Revenue Growth (YoY)	-45.38%	-44.88%	4.84%	109.41%	59.85%	100.32%
Cost of Revenue	28.32	31.67	54.96	48.39	26	13.05
Gross Profit	12.18	14.25	28.34	31.06	11.95	10.69
Selling, General & Admin	34.71	35.2	62.86	61.55	78.35	51.37
Depreciation & Amortization Expenses	18.94	18.94	18.93	18.82	6.91	0.35
Research & Development	51.73	49.83	76	68.83	50.32	27.48
Other Operating Expenses	17.03	18.05	1.22	-	-	-
Total Operating Expenses	122.4	122.01	159.01	149.2	135.58	79.19
Operating Income	-110.23	-107.76	-130.68	-118.13	-123.64	-68.51
Interest Income	4.48	3.54	5.23	4.05	-	-
Other Non-Operating Income (Expense)	-27.29	-11.56	36.6	-32.39	173.71	-84.13
Total Non-Operating Income (Expense)	-22.81	-8.02	41.83	-28.34	173.71	-84.13
Pretax Income	-133.03	-115.78	-88.85	-146.47	50.08	-152.64
Provision for Income Taxes	0.04	0.05	-0.34	-0.52	-22.81	0.05
Net Income	-134.75	-118.07	-80.69	-145.43	73.91	-152.69
Minority Interest in Earnings	0.84	1.12	-3.91	0.52	1.03	-
Net Income to Common	-134.75	-118.07	-80.69	-145.43	73.91	-152.69
Shares Outstanding (Basic)	214	206	182	169	134	39
Shares Outstanding (Diluted)	214	206	182	169	146	39
Shares Change (YoY)	18.17%	12.67%	8.01%	15.91%	272.11%	141.09%
EPS (Basic)	-0.63	-0.57	-0.46	-0.86	0.55	-3.90
EPS (Diluted)	-0.63	-0.57	-0.46	-0.86	0.51	-3.90
Shares Outstanding	232.01	230.53	188.11	179.2	153.63	117.75
Free Cash Flow	-47.55	-44.37	-65.59	-46.16	-49.14	-43.77
Free Cash Flow Per Share	-0.22	-0.22	-0.36	-0.27	-0.34	-1.12
Gross Margin	30.07%	31.03%	34.02%	39.10%	31.49%	45.02%
Operating Margin	-272.19%	-234.70%	-156.87%	-148.68%	-325.85%	-288.63%
Profit Margin	-330.67%	-254.71%	-101.56%	-183.69%	192.10%	-643.26%
FCF Margin	-117.41%	-96.63%	-78.74%	-58.10%	-129.51%	-184.40%
EBITDA	-92.4	-85.38	-108.78	-97.15	-115.8	-67.75
EBITDA Margin	-228.17%	-185.94%	-130.59%	-122.27%	-305.19%	-285.44%
EBIT	-110.23	-107.76	-130.68	-118.13	-123.64	-68.51
EBIT Margin	-272.19%	-234.70%	-156.87%	-148.68%	-325.85%	-288.63%
Effective Tax Rate	-0.03%	-0.04%	0.38%	0.35%	-45.56%	-0.03%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q