What is NVE Corporation's net debt?

NVE Corporation (NVEC) reported net debt of -$808.5K in Q1 2026.

How has NVE Corporation's net debt changed year-over-year?

NVE Corporation's net debt increased by 88.6% year-over-year, from -$7.12M to -$808.5K.

What is the long-term trend for NVE Corporation's net debt?

Over 5 years (2021 to 2026), NVE Corporation's net debt has grown at a -39.2% compound annual growth rate (CAGR), from -$9.7M to -$808.5K.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

NVE Corporation NVEC Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

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Revenue$7.7M+5.3%

Gross profit$5.9M+3.4%

Operating income$4.7M+11.4%

Net income$4.9M+26.6%

EPS (diluted)$1.02+27.5%

Balance sheet

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Cash & equivalents$1.7M-78.7%

Total debt$905.5K-1.7%

Total equity$58.2M-6.5%

Total assets$60.4M-6.1%

Cash flow

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Operating cash flow$4.5M+80.7%

CapEx$9.0M-11.6%

Free cash flow$12.4M-0.8%

Valuation

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Market cap$456.24M+35.7%

Enterprise value$455.43M+38.4%

P/E30×+7.7×

P/S17.3×+4.3×

Profitability

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Gross margin78.7%-4.9pp

Operating margin60.5%-1.4pp

Net margin57.7%-0.5pp

FCF margin53.8%+0.7pp

Returns & leverage

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Return on equity25.2%+1.7pp

Debt / equity0×0.0×

Current ratio28.2×-0.2×

Where this comes from

Calculated from NVE Corporation’s reported figures.

$905.5Ktotal debt−$1.7Mcash and equivalents=-$808.5K

The official record: NVE Corporation’s 10-K, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NVE Corporation's net debt?: NVE Corporation (NVEC) reported net debt of -$808.5K in Q1 2026.
How has NVE Corporation's net debt changed year-over-year?: NVE Corporation's net debt increased by 88.6% year-over-year, from -$7.12M to -$808.5K.
What is the long-term trend for NVE Corporation's net debt?: Over 5 years (2021 to 2026), NVE Corporation's net debt has grown at a -39.2% compound annual growth rate (CAGR), from -$9.7M to -$808.5K.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.