Navitas Semiconductor Corp (NVTS)
Navitas Semiconductor Corp (NVTS)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 221,008 | 236,857 | 150,551 | 161,189 |
| Accounts receivable, net of allowance of 468 as of march 31, 2026 and december 31, 2025 | 3,727 | 3,621 | 9,788 | 12,476 |
| Inventories | 14,925 | 13,283 | 14,665 | 15,124 |
| Prepaid expenses and other current assets | 4,227 | 4,399 | 3,834 | 4,076 |
| Restricted cash, current | 2,362 | 1,745 | NaN | NaN |
| Total current assets | 246,249 | 259,905 | 178,838 | 192,865 |
| Restricted cash | NaN | NaN | 670 | 152 |
| Property and equipment, net | 9,123 | 9,779 | 14,373 | 14,521 |
| Operating lease right of use assets | 5,115 | 5,166 | 5,599 | 6,012 |
| Finance lease right of use assets | 684 | 766 | 848 | 930 |
| Cost | 900 | 900 | 900 | 900 |
| Accumulated amortization | 900 | 900 | 900 | 900 |
| Net book value-Trade Names | 0 | 0 | 0 | 0 |
| Cost-Trade Names | 900 | 900 | 900 | 900 |
| Accumulated amortization-Trade Names | 900 | 900 | 900 | 900 |
| Cost-Developed Technology Rights | 54,677 | 54,677 | 54,677 | 54,677 |
| Accumulated amortization-Developed Technology Rights | 48,157 | 44,741 | 41,324 | 37,907 |
| Net book value-Developed Technology Rights | 6,520 | 9,936 | 13,353 | 16,770 |
| Cost | 34,900 | 34,900 | 34,900 | 34,900 |
| Accumulated amortization | 8,909 | 8,294 | 7,679 | 7,064 |
| Net book value-Patented Technology | 25,991 | 26,606 | 27,221 | 27,836 |
| Cost | 24,300 | 24,300 | 24,300 | 24,300 |
| Accumulated amortization | 8,809 | 8,201 | 7,594 | 6,986 |
| Net book value-Customer Relationships | 15,491 | 16,099 | 16,706 | 17,314 |
| Cost | 1,900 | 1,900 | 1,900 | 1,900 |
| Accumulated amortization | 1,378 | 1,283 | 1,188 | 1,093 |
| Net book value-Noncompete Agreements | 522 | 617 | 712 | 807 |
| Net book value-Other Intangible Assets | 0 | 0 | 0 | 0 |
| Intangible assets, net | 48,524 | 53,258 | 57,992 | 62,727 |
| Goodwill | 163,215 | 163,215 | 163,215 | 163,215 |
| Other assets | 8,457 | 8,380 | 8,672 | 9,019 |
| Total assets | 481,367 | 500,469 | 430,207 | 449,441 |
| Accounts payable and other accrued expenses | 18,437 | 22,350 | 14,058 | 16,927 |
| Accrued compensation expenses | 5,592 | 4,949 | 6,343 | 4,398 |
| Operating lease liabilities, current | 1,949 | 1,866 | 1,817 | 1,789 |
| Finance lease liabilities, current | 327 | 323 | 319 | 315 |
| Earnout liability, current | NaN | 22,632 | NaN | NaN |
| Earnout liability | 30,546 | 0 | 30,903 | 30,059 |
| Total current liabilities | 56,851 | 52,120 | 22,537 | 23,429 |
| Operating lease liabilities noncurrent | 3,689 | 3,827 | 4,265 | 4,714 |
| Finance lease liabilities noncurrent | 373 | 456 | 538 | 619 |
| Deferred tax liabilities | 405 | 405 | 371 | 406 |
| Other noncurrent liabilities | NaN | 0 | 608 | 1,337 |
| Total liabilities | 61,318 | 56,808 | 59,222 | 60,564 |
| Common stock, par value-Common Class A | 26 | 26 | 24 | 24 |
| Common stock, par value-Common Class B | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 955,554 | 945,381 | 840,892 | 839,550 |
| Accumulated other comprehensive loss | -7 | -7 | -7 | -7 |
| Accumulated deficit | -535,524 | -501,739 | -469,924 | -450,690 |
| Total stockholders equity | 420,049 | 443,661 | 370,985 | 388,877 |
| Total liabilities and stockholders equity | 481,367 | 500,469 | 430,207 | 449,441 |