Navitas Semiconductor Corporation income statement NVTS

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Navitas Semiconductor Corporation reported revenue of $45.9 million, down 44.9% from the year before. It recorded a net loss of $117.0 million. The operating loss came to $107.8 million, an operating margin of -234.7%. Diluted earnings per share were -$0.57. Over the twelve months ended Sep 30, 2026, revenue was $40.4 million and the net loss was $330.9 million. Across the 5 fiscal years shown, revenue grew from $23.7 million in fiscal 2021 to $45.9 million in fiscal 2025, about 17.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021
Revenue	40 -28.6%	46 -44.9%	83 +4.8%	79 +109.4%	38 +59.9%	24
Cost of revenue	25 -42.2%	32 -42.4%	55 +13.6%	48 +86.2%	26 +99.2%	13
Gross profit	16 +14.0%	14 -49.7%	28 -8.8%	31 +160.0%	12 +11.8%	11
Research and development	55 -2.2%	50 -34.4%	76 +10.4%	69 +36.8%	50 +83.1%	27
Selling, general and administrative	53 +29.4%	35 -44.0%	63 +2.1%	62 -21.4%	78 +52.5%	51
Restructuring and impairment	21	18 +1375.8%	1	—	—	—
Operating income	-131 -24.1%	-108 +17.5%	-131 -10.6%	-118 +4.5%	-124 -80.5%	-69
Other non-operating income (expense)	-7 -16883.3%	0 -94.1%	0 +21.4%	0 +107.3%	-1 -702.1%	-0
Other income (expense)	-200 -761.3%	-8 -119.2%	42 +247.6%	-28 -116.3%	174 +306.5%	-84
Equity in earnings of affiliates	—	-1 -128.7%	4	—	—	—
Pretax income	-332 -158.0%	-117 -31.6%	-89 +39.3%	-146 -392.5%	50 +132.8%	-153
Income tax	0 +111.5%	0 +114.6%	-0 +33.8%	-1 +97.7%	-23 -48636.2%	0
Net income	-331 -164.7%	-117 -38.2%	-85 +42.0%	-146 -300.2%	73	—
Basic EPS	-1.39 -117.0%	-0.57 -23.9%	-0.46 +46.5%	-0.86 -256.4%	0.55 +114.1%	-3.90
Diluted EPS	-1.39 -117.0%	-0.57 -23.9%	-0.46 +46.5%	-0.86 -268.6%	0.51 +113.1%	-3.90
Weighted average shares, basic	238 +22.0%	206 +12.7%	182 +8.0%	169 +26.4%	134 +241.3%	39
Weighted average shares, diluted	238 +22.0%	206 +12.7%	182 +8.0%	169 +15.9%	146 +272.1%	39
Other measures
Depreciation and amortization	3 +5.0%	3 +16.3%	3 +37.4%	2 +120.4%	1 +139.0%	0
EBITDA	-127 -24.7%	-104 +18.3%	-128 -10.1%	-116 +5.5%	-123 -80.1%	-68
Margins
Gross margin	38.60%	31.03%	34.02%	39.10%	31.49%	45.02%
Operating margin	-323.47%	-234.70%	-156.87%	-148.68%	-325.85%	-288.62%
Pretax margin	-820.75%	-254.60%	-106.66%	-184.34%	131.97%	-643.07%
Profit margin	-818.84%	-254.71%	-101.56%	-183.69%	192.10%	—
EBITDA margin	-314.83%	-227.18%	-153.31%	-145.96%	-323.27%	-286.90%
Effective tax rate	—	—	—	—	-45.56%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: NVTS (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Torrance, CA
SEC filer status: Non-accelerated filer
SEC CIK: 1821769
Former names: Live Oak Acquisition Corp II (until Oct 14, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.