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Other financials

Income statement

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Revenue$8.6M-38.7%
Gross profit$3.2M-39.0%
Operating income-$27.8M-9.7%
Net income-$33.8M-101%
EPS (diluted)-$0.15-66.7%

Balance sheet

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Cash & equivalents$223.4M+195%
Total debt$6.7M-3.2%
Total equity$420.0M+22.9%
Total assets$481.4M+29.8%

Cash flow

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Operating cash flow-$16.4M-20.9%
CapEx$388.0K+846%
Free cash flow-$16.8M-23.4%

Valuation

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Market cap$5.85B+418%
Enterprise value$5.63B+462%
P/S144.5×+129×

Profitability

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Gross margin30.1%-2.5pp
Operating margin-272.2%+448pp
Net margin-330.7%-981pp
FCF margin-117.4%+138pp

Returns & leverage

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Return on equity-35.2%+17.3pp
Debt / equity0.0×
Current ratio4.3×-1.3×

Where this comes from

Reported directly by Navitas Semiconductor Corporation in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Navitas Semiconductor Corporation’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Navitas Semiconductor Corporation's work in process?
Navitas Semiconductor Corporation (NVTS) reported work in process of $7.2M in Q1 2026.
How has Navitas Semiconductor Corporation's work in process changed year-over-year?
Navitas Semiconductor Corporation's work in process decreased by 44.6% year-over-year, from $12.98M to $7.2M.
What is the long-term trend for Navitas Semiconductor Corporation's work in process?
Over 4 years (2021 to 2025), Navitas Semiconductor Corporation's work in process has grown at a -5.5% compound annual growth rate (CAGR), from $9.95M to $7.92M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.