For the year ending 2025-12-31, NVTS had $150,362K increase in cash & cash equivalents over the period. -$44,369K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -116,953 | -84,599 | -145,951 | 72,887 |
| Depreciation | 3,452 | 2,967 | 2,160 | 980 |
| Amortization of intangibles | - | - | 18,820 | 6,859 |
| Amortization of deferred rent | - | - | - | 0 |
| Amortization of intangibles | 18,937 | 18,926 | - | - |
| Non-cash lease expense | 1,776 | 1,888 | 2,036 | 1,207 |
| Impairment of other asset | 0 | 2,014 | - | - |
| Impairment of long-lived assets | -3,783 | 0 | -85 | -4,350 |
| Stock-based compensation expense | 14,484 | 43,031 | 54,028 | 63,288 |
| Amortization of debt discount and issuance costs | - | - | 0 | 17 |
| Allowance for expected credit losses | 844 | 7,689 | - | - |
| Gain from change in fair value of warrants | - | - | 0 | 51,763 |
| Loss (gain) from change in fair value of investment | -1,121 | 3,905 | - | - |
| Loss (gain) from change in fair value of earnout liability | -12,424 | 36,644 | -33,788 | 121,709 |
| Loss on disposition of property and equipment | -176 | -148 | - | - |
| Deferred income taxes | -36 | -599 | -784 | 23,294 |
| Non-cash bonus accruals | - | 7,882 | - | - |
| Accounts receivable | -9,517 | -4,187 | 16,731 | -1,253 |
| Inventories | -2,194 | -6,757 | 4,105 | 4,748 |
| Prepaid expenses and other current assets | 329 | -2,108 | 2,996 | -100 |
| Other assets | -977 | -592 | 1,173 | 448 |
| Accounts payable, accrued compensation and other accrued expenses | 6,226 | -2,803 | 12,204 | 7,138 |
| Operating lease liability | -1,669 | -1,745 | -1,946 | -1,071 |
| Deferred revenue | - | - | 10,467 | 457 |
| Customer deposit and deferred revenue | 185 | -10,953 | - | - |
| Net cash used in operating activities | -42,891 | -58,823 | -40,098 | -44,497 |
| Proceeds from disposition of property and equipment | 92 | - | - | - |
| Investment purchases | 0 | 2,500 | 1,000 | - |
| Business acquisitions, net of cash acquired | - | - | 0 | 96,357 |
| Asset acquisition | - | - | - | 0 |
| Investment in joint venture | - | - | 0 | 5,204 |
| Investment in preferred stock | - | - | 0 | 1,500 |
| Purchases of property and equipment | 1,478 | 6,771 | 4,782 | 4,644 |
| Receipts on notes receivable | - | - | 0 | 97 |
| Net cash used in investing activities | -1,386 | -9,271 | -5,782 | -107,608 |
| Proceeds from reverse recapitalization | - | - | - | 0 |
| Proceeds from the issuance of at-the-market offerings (atm one and atm two) | 100,000 | - | - | - |
| Payment of stock issuance costs | - | - | - | 0 |
| Proceeds from issuance of common stock in connection with pipe offering | 100,000 | - | - | - |
| Redemption of warrants | - | - | 0 | 38 |
| Costs for the issuance of common stock/at-the-market offering (atm one and atm two) | 3,249 | - | - | - |
| Repurchase of common stock | - | - | 0 | 550 |
| Costs for the issuance of common stock/pipe | 4,437 | - | - | - |
| Proceeds from issuance of common stock in connection with stock option exercises | 1,033 | 812 | 1,923 | 1,711 |
| Proceeds from issuance of common stock in may 2023 public offering | - | 0 | 86,941 | - |
| Payment of may 2023 public offering costs | - | 0 | 482 | - |
| Proceeds from issuance of long-term debt | - | - | - | 0 |
| Proceeds from employee stock purchase plan | 1,498 | 2,683 | - | - |
| Principal payments on long-term debt | - | - | 0 | 6,933 |
| Payments on finance lease obligations | 206 | - | - | - |
| Net cash provided by financing activities | 194,639 | 3,495 | 88,382 | -5,810 |
| Net increase (decrease) in cash | 150,362 | -64,599 | 42,502 | -157,915 |
| Cash, cash equivalents, and restricted cash at beginning of period | 88,240 | 152,839 | 110,337 | 268,252 |
| Cash, cash equivalents, and restricted cash at end of period | 238,602 | 88,240 | 152,839 | 110,337 |
Navitas Semiconductor Corp (NVTS)
Navitas Semiconductor Corp (NVTS)