Navitas Semiconductor Corp income statement
In fiscal 2025, Navitas Semiconductor Corp reported revenue of $45.9m, down 44.9% on the year before, operating income of −$108m (a -234.7% margin) and net income of −$117m, or −$0.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 12 | 24 | 38 | 79 | 83 | 46 | 37 |
| Cost of revenue | 8 | 13 | 26 | 48 | 55 | 32 | 23 |
| Gross profit | 4 | 11 | 12 | 31 | 28 | 14 | 14 |
| Research and development | 13 | 27 | 50 | 69 | 76 | 50 | 53 |
| Selling, general and administrative | 9 | 51 | 78 | 62 | 63 | 35 | 40 |
| Operating income | −19 | −69 | −124 | −118 | −131 | −108 | −116 |
| Income before tax | −19 | −153 | 50 | −146 | −89 | −117 | −313 |
| Income tax | 0 | 0 | −23 | −1 | −0 | 0 | 0 |
| Net income | −19 | −153 | 74 | −145 | −85 | −117 | −313 |
| Diluted EPS | −$1.17 | −$3.90 | $0.51 | −$0.86 | −$0.46 | −$0.57 | −$1.38 |
| Diluted shares (average) | 16m | 39m | 146m | 169m | 182m | 206m | 227m |
| EBITDA | −18 | −68 | −123 | −116 | −128 | −104 | −112 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 18 | 14 | 14 | 10 | 7 | 9 | 11 |
| Cost of revenue | 13 | 16 | 9 | 12 | 6 | 5 | 5 | 6 |
| Gross profit | 9 | 2 | 5 | 2 | 4 | 3 | 3 | 4 |
| Research and development | 18 | 19 | 13 | 11 | 13 | 12 | 15 | 13 |
| Selling, general and administrative | 15 | 16 | 12 | 8 | 5 | 10 | 11 | 13 |
| Operating income | −29 | −39 | −25 | −22 | −19 | −41 | −28 | −27 |
| Income before tax | −19 | −44 | −16 | −49 | −19 | −33 | −34 | −228 |
| Income tax | 0 | −1 | 0 | 0 | −0 | −0 | 0 | 0 |
| Net income | −19 | −40 | −17 | −49 | −19 | −32 | −34 | −228 |
| Diluted EPS | −$0.10 | −$0.21 | −$0.09 | −$0.25 | −$0.09 | −$0.14 | −$0.15 | −$0.95 |
| EBITDA | −28 | −38 | −24 | −21 | −19 | −40 | −27 | −26 |
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