NVTS: Navitas Semiconductor Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Navitas Semiconductor Corp (NVTS).

OverviewDividends

$666.86M Market Cap.

As of 05/11/2025 5:00 PM ET (MRY) • Disclaimer

NVTS Market Cap. (MRY)


NVTS Shares Outstanding (MRY)


NVTS Assets (MRY)


Total Assets

$389.98M

Total Liabilities

$41.97M

Total Investments

$0

NVTS Income (MRY)


Revenue

$83.30M

Net Income

-$84.60M

Operating Expense

$159.01M

NVTS Cash Flow (MRY)


CF Operations

-$58.82M

CF Investing

-$9.27M

CF Financing

$3.50M

NVTS Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$389,978,000 (-19.68%)

$485,546,000 (14.18%)

$425,262,000 (43.86%)

$295,601,000 (509.40%)

Assets Current

$120,266,000 (-41.66%)

$206,162,000 (45.03%)

$142,148,000 (-51.21%)

$291,370,000 (520.64%)

Assets Non-Current

$269,712,000 (-3.46%)

$279,384,000 (-1.32%)

$283,114,000 (6591.42%)

$4,231,000 (171.22%)

Goodwill & Intangible Assets

$235,410,000 (-7.43%)

$254,314,000 (-4.80%)

$267,147,000 (157045.29%)

$170,000 (-66.99%)

Shareholders Equity

$348,013,000 (-8.57%)

$380,617,000 (-0.14%)

$381,132,000 (481.56%)

$65,536,000 (190.49%)

Property Plant & Equipment Net

$22,321,000 (28.12%)

$17,422,000 (34.92%)

$12,913,000 (460.95%)

$2,302,000 (218.84%)

Cash & Equivalents

$88,240,000 (-42.27%)

$152,839,000 (38.52%)

$110,337,000 (-58.87%)

$268,252,000 (590.14%)

Accumulated Other Comprehensive Income

-$7,000 (0.00%)

-$7,000 (0.00%)

-$7,000 (-250.00%)

-$2,000 (-100.00%)

Deferred Revenue

$0 (0%)

$10,953,000 (2153.70%)

$486,000 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$206,000 (-6.79%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$206,000 (-6.79%)

Inventory

$15,477,000 (-30.39%)

$22,234,000 (16.65%)

$19,061,000 (59.13%)

$11,978,000 (251.88%)

Trade & Non-Trade Receivables

$13,982,000 (-45.93%)

$25,858,000 (183.31%)

$9,127,000 (10.46%)

$8,263,000 (99.01%)

Trade & Non-Trade Payables

$10,754,000 (-56.53%)

$24,740,000 (68.84%)

$14,653,000 (201.50%)

$4,860,000 (31.42%)

Accumulated Retained Earnings (Deficit)

-$384,786,000 (-28.18%)

-$300,187,000 (-93.98%)

-$154,754,000 (32.32%)

-$228,667,000 (-200.95%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$441,000 (-57.60%)

$1,040,000 (-42.98%)

$1,824,000 (0%)

$0 (0%)

Total Debt

$7,320,000 (-14.34%)

$8,545,000 (30.10%)

$6,568,000 (-5.03%)

$6,916,000 (15.83%)

Debt Current

$1,767,000 (-6.61%)

$1,892,000 (44.98%)

$1,305,000 (-59.22%)

$3,200,000 (220.00%)

Debt Non-Current

$5,553,000 (-16.53%)

$6,653,000 (26.41%)

$5,263,000 (41.63%)

$3,716,000 (-25.25%)

Total Liabilities

$41,965,000 (-60.01%)

$104,929,000 (159.07%)

$40,502,000 (-82.40%)

$230,065,000 (1913.70%)

Liabilities Current

$21,144,000 (-56.39%)

$48,487,000 (138.25%)

$20,351,000 (89.70%)

$10,728,000 (68.52%)

Liabilities Non-Current

$20,821,000 (-63.11%)

$56,442,000 (180.10%)

$20,151,000 (-90.81%)

$219,337,000 (4235.58%)

NVTS Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$83,302,000 (4.84%)

$79,456,000 (109.41%)

$37,943,000 (59.85%)

$23,736,000 (100.32%)

Cost of Revenue

$54,963,000 (13.58%)

$48,392,000 (86.15%)

$25,996,000 (99.20%)

$13,050,000 (60.44%)

Selling General & Administrative Expense

$62,863,000 (2.13%)

$61,551,000 (-21.44%)

$78,353,000 (52.51%)

$51,374,000 (442.55%)

Research & Development Expense

$76,002,000 (10.43%)

$68,825,000 (36.78%)

$50,318,000 (83.14%)

$27,475,000 (110.55%)

Operating Expenses

$159,014,000 (6.58%)

$149,196,000 (10.04%)

$135,584,000 (71.20%)

$79,194,000 (251.69%)

Interest Expense

$150,000 (111.42%)

-$1,314,000 (0%)

$0 (0%)

$257,000 (8.90%)

Income Tax Expense

-$342,000 (33.85%)

-$517,000 (97.73%)

-$22,812,000 (-48636.17%)

$47,000 (840.00%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$84,599,000 (42.04%)

-$145,951,000 (-300.24%)

$72,887,000 (147.74%)

-$152,685,000 (-701.75%)

Net Income to Non-Controlling Interests

$0 (0%)

-$518,000 (49.51%)

-$1,026,000 (0%)

$0 (0%)

Net Income

-$84,599,000 (41.83%)

-$145,433,000 (-296.76%)

$73,913,000 (148.41%)

-$152,685,000 (-701.75%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$84,599,000 (41.83%)

-$145,433,000 (-296.76%)

$73,913,000 (148.41%)

-$152,685,000 (-701.75%)

Weighted Average Shares

$182,460,000 (8.01%)

$168,927,000 (26.38%)

$133,668,000 (241.28%)

$39,167,000 (141.09%)

Weighted Average Shares Diluted

$182,460,000 (8.01%)

$168,927,000 (15.91%)

$145,743,000 (272.11%)

$39,167,000 (141.09%)

Earning Before Interest & Taxes (EBIT)

-$84,791,000 (42.42%)

-$147,264,000 (-388.18%)

$51,101,000 (133.54%)

-$152,381,000 (-710.41%)

Gross Profit

$28,339,000 (-8.77%)

$31,064,000 (160.02%)

$11,947,000 (11.80%)

$10,686,000 (187.64%)

Operating Income

-$130,675,000 (-10.62%)

-$118,132,000 (4.45%)

-$123,637,000 (-80.47%)

-$68,508,000 (-264.35%)

NVTS Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$9,271,000 (-60.34%)

-$5,782,000 (94.63%)

-$107,608,000 (-3004.67%)

-$3,466,000 (-1512.09%)

Net Cash Flow from Financing

$3,495,000 (-96.10%)

$89,663,000 (1643.25%)

-$5,810,000 (-102.12%)

$274,549,000 (412.31%)

Net Cash Flow from Operations

-$58,823,000 (-42.16%)

-$41,379,000 (7.01%)

-$44,497,000 (-6.71%)

-$41,700,000 (-102.18%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$64,599,000 (-251.99%)

$42,502,000 (126.91%)

-$157,915,000 (-168.84%)

$229,383,000 (600.38%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

-$101,561,000 (-7133.69%)

-$1,404,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$2,500,000 (-150.00%)

-$1,000,000 (28.72%)

-$1,403,000 (-23483.33%)

$6,000 (-25.00%)

Capital Expenditure

-$6,771,000 (-41.59%)

-$4,782,000 (-2.97%)

-$4,644,000 (-124.56%)

-$2,068,000 (-827.35%)

Issuance (Repayment) of Debt Securities

$0 (0%)

$0 (0%)

-$6,933,000 (-843.09%)

$933,000 (-20.93%)

Issuance (Purchase) of Equity Shares

$3,495,000 (-96.10%)

$89,663,000 (7622.91%)

$1,161,000 (104.75%)

-$24,450,000 (-78970.97%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$43,031,000 (-20.35%)

$54,028,000 (-14.63%)

$63,288,000 (52.85%)

$41,404,000 (3931.55%)

Depreciation Amortization & Accretion

$23,781,000 (3.32%)

$23,016,000 (154.43%)

$9,046,000 (1098.15%)

$755,000 (47.75%)

NVTS Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

34.00% (-13.04%)

39.10% (24.13%)

31.50% (-30.00%)

45.00% (43.31%)

Profit Margin

-101.60% (44.48%)

-183.00% (-193.94%)

194.80% (130.28%)

-643.30% (-300.31%)

EBITDA Margin

-73.20% (53.20%)

-156.40% (-198.68%)

158.50% (124.81%)

-638.80% (-313.73%)

Return on Average Equity (ROAE)

-22.30% (42.08%)

-38.50% (-257.14%)

24.50% (-92.54%)

328.20% (994.00%)

Return on Average Assets (ROAA)

-19.70% (35.83%)

-30.70% (-249.76%)

20.50% (113.94%)

-147.10% (-121.87%)

Return on Sales (ROS)

-101.80% (45.06%)

-185.30% (-237.56%)

134.70% (120.98%)

-642.00% (-304.54%)

Return on Invested Capital (ROIC)

-146.50% (71.12%)

-507.20% (-454.44%)

143.10% (115.15%)

-944.30% (-215.19%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-7.76 (17.30%)

-9.38 (-247.04%)

6.38 (246.31%)

-4.36 (52.97%)

Price to Sales Ratio (P/S)

7.82 (-54.42%)

17.16 (38.75%)

12.37 (-55.95%)

28.07 (88.68%)

Price to Book Ratio (P/B)

1.92 (-49.37%)

3.78 (167.80%)

1.41 (-95.38%)

30.56 (915.97%)

Debt to Equity Ratio (D/E)

0.12 (-56.16%)

0.28 (160.38%)

0.11 (-96.98%)

3.51 (2322.15%)

Earnings Per Share (EPS)

-0.46 (46.51%)

-0.86 (-256.36%)

0.55 (114.10%)

-3.9 (-233.33%)

Sales Per Share (SPS)

0.46 (-2.77%)

0.47 (65.49%)

0.28 (-53.14%)

0.61 (-16.87%)

Free Cash Flow Per Share (FCFPS)

-0.36 (-31.50%)

-0.27 (25.82%)

-0.37 (67.05%)

-1.12 (12.94%)

Book Value Per Share (BVPS)

1.91 (-15.36%)

2.25 (-20.98%)

2.85 (70.41%)

1.67 (137.53%)

Tangible Assets Book Value Per Share (TABVPS)

0.85 (-38.13%)

1.37 (15.72%)

1.18 (-84.32%)

7.54 (155.35%)

Enterprise Value Over EBIT (EV/EBIT)

-7 (22.22%)

-9 (-212.50%)

8 (161.54%)

-13 (7.14%)

Enterprise Value Over EBITDA (EV/EBITDA)

-9.44 (7.60%)

-10.22 (-244.64%)

7.07 (153.59%)

-13.19 (11.10%)

Asset Turnover

0.19 (15.48%)

0.17 (60.00%)

0.1 (-54.15%)

0.23 (-44.42%)

Current Ratio

5.69 (33.77%)

4.25 (-39.13%)

6.99 (-74.28%)

27.16 (268.27%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$65,594,000 (-42.10%)

-$46,161,000 (6.06%)

-$49,141,000 (-12.28%)

-$43,768,000 (-109.94%)

Enterprise Value (EV)

$576,110,505 (-54.63%)

$1,269,836,210 (198.78%)

$425,012,299 (-78.74%)

$1,999,284,954 (636.85%)

Earnings Before Tax (EBT)

-$84,941,000 (41.80%)

-$145,950,000 (-385.61%)

$51,101,000 (133.48%)

-$152,638,000 (-701.71%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$61,010,000 (50.90%)

-$124,248,000 (-306.57%)

$60,147,000 (139.67%)

-$151,626,000 (-728.92%)

Invested Capital

$52,504,000 (36.55%)

$38,451,000 (13.11%)

$33,995,000 (45.48%)

$23,367,000 (167.72%)

Working Capital

$99,122,000 (-37.14%)

$157,675,000 (29.46%)

$121,797,000 (-56.60%)

$280,642,000 (591.56%)

Tangible Asset Value

$154,568,000 (-33.15%)

$231,232,000 (46.24%)

$158,115,000 (-46.48%)

$295,431,000 (515.58%)

Market Capitalization

$666,863,505 (-53.70%)

$1,440,400,210 (167.44%)

$538,585,299 (-73.11%)

$2,002,646,954 (638.30%)

Average Equity

$378,714,500 (0.19%)

$377,996,000 (25.43%)

$301,360,000 (747.70%)

-$46,527,750 (26.66%)

Average Assets

$429,081,500 (-9.41%)

$473,647,000 (31.42%)

$360,412,500 (247.13%)

$103,827,750 (261.35%)

Invested Capital Average

$57,870,250 (99.33%)

$29,033,000 (-18.70%)

$35,711,250 (121.30%)

$16,137,250 (157.15%)

Shares

186,796,500 (4.65%)

178,488,254 (16.32%)

153,443,105 (30.33%)

117,733,507 (370.93%)