| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 150,551 | 161,189 | 75,132 | 98,614 |
| Accounts receivable, net of allowance of 1,147 and 135, respectively | 9,788 | 12,476 | 12,427 | 21,091 |
| Inventories | 14,665 | 15,124 | 16,062 | 21,284 |
| Prepaid expenses and other current assets | 3,834 | 4,076 | 4,679 | 4,161 |
| Total current assets | 178,838 | 192,865 | 108,300 | 145,150 |
| Restricted cash | 670 | 152 | 483 | 5,211 |
| Property and equipment, net | 14,373 | 14,521 | 14,706 | 13,057 |
| Operating lease right of use assets | 5,599 | 6,012 | 6,474 | 7,266 |
| Finance lease right of use assets | 848 | 930 | - | - |
| Intangible assets, net | 57,992 | 62,727 | 67,461 | 76,856 |
| Goodwill | 163,215 | 163,215 | 163,215 | 163,215 |
| Other assets | 8,672 | 9,019 | 10,191 | 8,654 |
| Total assets | 430,207 | 449,441 | 370,830 | 419,409 |
| Accounts payable and other accrued expenses | 14,058 | 16,927 | 14,272 | 13,593 |
| Accrued compensation expenses | 6,343 | 4,398 | 3,265 | 8,497 |
| Operating lease liabilities, current | 1,817 | 1,789 | 1,772 | 1,868 |
| Customer deposit and deferred revenue | - | - | - | 2,006 |
| Finance lease liabilities, current | 319 | 315 | - | - |
| Total current liabilities | 22,537 | 23,429 | 19,309 | 25,964 |
| Operating lease liabilities noncurrent | 4,265 | 4,714 | 5,112 | 5,993 |
| Finance lease liabilities noncurrent | 538 | 619 | - | - |
| Earnout liability | 30,903 | 30,059 | 2,095 | 3,932 |
| Deferred tax liabilities | 371 | 406 | 428 | 1,040 |
| Other noncurrent liabilities | 608 | 1,337 | 2,066 | 1,652 |
| Total liabilities | 59,222 | 60,564 | 29,010 | 38,581 |
| Common stock, par value-Common Class A | 24 | 24 | 22 | 22 |
| Common stock, par value-Common Class B | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 840,892 | 839,550 | 743,420 | 725,739 |
| Accumulated other comprehensive loss | -7 | -7 | -7 | -7 |
| Accumulated deficit | -469,924 | -450,690 | -401,615 | -344,926 |
| Total stockholders equity | 370,985 | 388,877 | 341,820 | 380,828 |
| Total liabilities and stockholders equity | 430,207 | 449,441 | 370,830 | 419,409 |
Navitas Semiconductor Corp (NVTS)
Navitas Semiconductor Corp (NVTS)