
Navitas Semiconductor Corporation
NASDAQ•NVTS
CEO: Mr. Eugene A. Sheridan
Sector: Technology
Industry: Semiconductors
Listing Date: 2021-10-20
Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications. It operates in the United States, Europe, China, rest of Asia, and internationally. The company was founded in 2013 and is based in Torrance, California.
Contact Information
Market Cap
$2.24B
P/E (TTM)
-17.7
63.7
Dividend Yield
--
52W High
$17.79
52W Low
$1.52
52W Range
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025
Financial Dashboard
Q3 2025 Data
Revenue
$10.11M-53.36%
4-Quarter Trend
EPS
-$0.09-9.60%
4-Quarter Trend
FCF
-$10.73M-24.95%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Decline Net revenues $38.620M, down 41% for nine months, driven by China mobile market softness.
Operating Loss Improvement Loss from operations improved $25.314M (28%) for nine months due to reduced operating expenses.
Strong Financing Cash Inflow Financing activities provided $99.148M cash, primarily from $100.0M proceeds of ATM offerings completed.
Expense Reduction Success SG&A expense $24.721M, decreased 47% for nine months, aided by stock compensation reversals.
Risk Factors
Strategic Pivot Uncertainty Transition focus to high-power markets carries operational, technical, and market risks; success uncertain.
Sole GaN Supplier Exit Sole GaN wafer supplier TSMC ceases production July 2027; mitigation efforts ongoing but uncertain.
Earnout Liability Volatility Net loss widened 90% to $85.138M due to $20.7M loss from earnout liability fair value change.
Internal Control Deficiencies Material weaknesses in internal control over financial reporting persist, impacting accurate identification and disclosure processes.
Outlook
High-Power Market Transition Strategy focuses on AI data centers and high-power sectors; requires significant upfront R&D investment.
Supply Chain Diversification Expanding collaboration with Powerchip for GaN wafers; qualification expected Q4 2025, mass production 2026.
Future Capital Reconsideration Current cash sufficient, but transition to high-power markets may require pursuing additional equity or debt financing.
Continued Expense Growth Expect continued net operating losses, increasing R&D, SG&A expenses, and capital expenditures going forward.
Peer Comparison
Revenue (TTM)
VSH$2.98B
$1.14B
SYNA$1.11B
Gross Margin (Latest Quarter)
ASAN88.9%
AMBA60.3%
59.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FORM | $5.65B | 142.6 | 4.1% | 2.8% |
| SIMO | $3.87B | 10.0 | 12.2% | 0.0% |
| SYNA | $3.29B | -72.9 | -3.3% | 32.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-17.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 23, 2026
EPS:-$0.05
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 3, 2025|Revenue: $10.11M-53.4%|EPS: $-0.09-9.6%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 4, 2025|Revenue: $14.49M-29.2%|EPS: $-0.25+108.3%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 9, 2025|Revenue: $14.02M-39.5%|EPS: $-0.09+339.0%MissForm 10-K/A - FY 2024
Period End: Dec 31, 2024|Filed: May 1, 2025|Revenue: $83.30M+4.8%|EPS: $-0.46+46.5%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 19, 2025|Refer to amended dataForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 5, 2024|Revenue: $21.68M-1.4%|EPS: $-0.10-333.1%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 5, 2024|Revenue: $20.47M+13.3%|EPS: $-0.12-65.7%MissForm 10-K/A - FY 2023
Period End: Dec 31, 2023|Filed: Jul 23, 2024|Revenue: $79.46M+109.4%|EPS: $-0.86-256.4%Miss