For the year ending 2025-12-31, NVTS has $500,469K in assets. $56,808K in debts. $236,857K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 236,857 | 86,737 | 152,839 | 110,337 |
| Accounts receivable, net of allowance of 468 and 135, respectively | 3,621 | 13,982 | 25,858 | 9,127 |
| Inventories | 13,283 | 15,477 | 23,166 | 19,061 |
| Prepaid expenses and other current assets | 4,399 | 4,070 | 6,619 | 3,623 |
| Restricted cash | 1,745 | - | - | - |
| Total current assets | 259,905 | 120,266 | 208,482 | 142,148 |
| Restricted cash | - | 1,503 | - | - |
| Property and equipment, net | 9,779 | 15,421 | 9,154 | 6,532 |
| Operating lease right of use assets | 5,166 | 6,900 | 8,268 | 6,381 |
| Finance lease right of use assets | 766 | - | - | - |
| Intangible assets, net | 53,258 | 72,195 | 91,099 | 105,620 |
| Goodwill | 163,215 | 163,215 | 163,215 | 161,527 |
| Notes receivable | - | - | - | 0 |
| Other assets | 8,380 | 10,478 | 5,328 | 3,054 |
| Total assets | 500,469 | 389,978 | 485,546 | 425,262 |
| Accounts payable and other accrued expenses | 22,350 | 10,754 | 26,637 | 14,653 |
| Accrued compensation expenses | 4,949 | 8,623 | 10,902 | 3,907 |
| Operating lease liabilities, current | 1,866 | 1,767 | 1,892 | 1,305 |
| Current portion of long-term debt | - | - | - | 0 |
| Finance lease liabilities, current | 323 | - | - | - |
| Other liabilities | - | - | - | 486 |
| Deferred revenue | - | - | 10,953 | - |
| Earnout liability, current | 22,632 | 0 | - | - |
| Total current liabilities | 52,120 | 21,144 | 50,384 | 20,351 |
| Long-term debt | - | - | - | 0 |
| Operating lease liabilities noncurrent | 3,827 | 5,553 | 6,653 | 5,263 |
| Warrant liability | - | - | - | 0 |
| Finance lease liabilities noncurrent | 456 | - | - | - |
| Earnout liability | 0 | 10,208 | 46,852 | 13,064 |
| Deferred tax liabilities | 405 | 441 | 1,040 | 1,824 |
| Other noncurrent liabilities | 0 | 4,619 | - | 0 |
| Total liabilities | 56,808 | 41,965 | 104,929 | 40,502 |
| Common stock-Common Class A | 26 | 22 | - | - |
| Common stock, 0.0001 par value, 750,000,000 shares authorized as of december31, 2023 and 2022, 179,196,418 and 153,628,838 shares issued and outstanding at december31, 2023 and 2022, respectively | - | - | 21 | 18 |
| Common stock-Common Class B | 0 | 0 | - | - |
| Additional paid-in capital | 945,381 | 732,784 | 680,790 | 535,875 |
| Accumulated other comprehensive loss | -7 | -7 | -7 | -7 |
| Accumulated deficit | -501,739 | -384,786 | -300,187 | -154,754 |
| Total stockholders equity of navitas semiconductor corporation | - | - | 380,617 | 381,132 |
| Noncontrolling interest | - | - | 0 | 3,628 |
| Total stockholders equity | 443,661 | 348,013 | 380,617 | 384,760 |
| Total liabilities and stockholders' equity | 500,469 | 389,978 | 485,546 | 425,262 |