NVTSNavitas Semiconductor Corp
Semiconductors & Related Devices
- Revenue
- $46M
- 45% YoY
- Operating margin
- -234.7%
- 50% YoY
- EBITDA
- −$104M
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$557M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired32% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear20% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $24M | $38M | $79M | $83M | $46M | 45% |
| Operating income | −$69M | −$124M | −$118M | −$131M | −$108M | 18% |
| Net income | −$153M | $74M | −$145M | −$85M | −$117M | 38% |
| Operating cash flow | −$42M | −$44M | −$41M | −$59M | −$43M | 27% |
| Capex | $2M | $5M | $5M | $7M | $1M | 78% |
| Stock-based comp | $41M | $63M | $54M | $43M | $14M | 66% |
| Buybacks | $0 | $550K | $0 | — | — |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Aug 25, 2026 | 8-K | Mentions General Catalyst | — | — |
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 203 | — |
| FY2024 | — | — | 102 | — |
| FY2023 | — | — | 230 | — |