Navitas Semiconductor Corp
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $45.9M | $83.3M | $79.5M | $37.9M | $20.9M | $11.8M |
| Mobile and Consumer | — | — | $54.3M | $32.4M | $19.6M | $11.5M |
| EV Solar and Industrial | — | — | $25.2M | $5.5M | $1.3M | $301.0K |
| Cost of Revenue | $31.7M | $55.0M | $48.4M | $26.0M | $13.1M | $8.1M |
| Gross Profit | $14.2M | $28.3M | $31.1M | $11.9M | $10.7M | $3.7M |
| Gross Margin | 31.0% | 34.0% | 39.1% | 31.5% | 51.0% | 31.4% |
| Operating Expenses | ||||||
| Research & Development | $49.8M | $76.0M | $68.8M | $50.3M | $27.5M | $13.0M |
| SG&A Expense | $35.2M | $62.9M | $61.6M | $78.4M | $51.4M | $9.5M |
| Operating Income | $-107.8M | $-130.7M | $-118.1M | $-123.6M | $-68.5M | $-18.8M |
| Operating Margin | -234.7% | -156.9% | -148.6% | -325.9% | -327.3% | -158.7% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-116.9M | $-88.8M | $-146.5M | $50.1M | $-152.6M | $-19.0M |
| Income Tax Expense | $50.0K | $-342.0K | $-517.0K | $-22.8M | $47.0K | $5.0K |
| Net Income | $-117.0M | $-84.6M | $-145.4M | $73.9M | $-152.7M | $-19.0M |
| Net Margin | -254.7% | -101.6% | -182.9% | 194.8% | -729.4% | -160.8% |
| EPS (Basic) | $-0.57 | $-0.46 | $-0.86 | $0.55 | $-0.98 | $-0.15 |
| EPS (Diluted) | $-0.57 | $-0.46 | $-0.86 | $0.51 | $-0.98 | $-0.15 |
| Shares Outstanding (Basic) | 205.6M | 182.5M | 168.9M | 133.7M | 156.7M | 130.0M |
| Shares Outstanding (Diluted) | 205.6M | 182.5M | 168.9M | 145.7M | 156.7M | 130.0M |
| Dividends Per Share | — | — | — | — | — | — |