NVTS on Nasdaq
Navitas Semiconductor
American semiconductors and related devices company based in Torrance. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerNVTS on Nasdaq1
- IndustrySemiconductors & Related Devices1
- HeadquartersTorrance1
- Websitenavitassemi.com
- Incorporated inDE5
- Business address3520 Challenger St., Torrance, Ca 905035
- Filer categoryNon-accelerated filer5
- Legal formCorporation3
- LEI529900T4K9WALWC76S493
- StatusActive3
- LEI statusIssued and current3
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 34329323
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Navitas Semiconductor Corporation (“we,” us,” “Navitas” or the “Company”) designs, develops and markets next-generation power semiconductors including gallium nitride (GaN) power integrated circuits (ICs), high-voltage silicon carbide (SiC) devices and associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. We focus on high-power markets including artificial intelligence (“AI”) data centers, energy and grid infrastructure, performance computing and industrial electrification.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue27¢$31.7M
- Research and development43¢$49.8M
- Selling, general and admin30¢$35.2M
- Income tax0¢$50.0K
Out of $45.9M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net revenues | $45.9M | $83.3M |
| Cost of revenues (exclusive of amortization of intangible assets included below) | $31.7M | $55.0M |
| Research and development | $49.8M | $76.0M |
| Selling, general and administrative | $35.2M | $62.9M |
| Amortization of intangible assets | $18.9M | $18.9M |
| Restructuring and impairment expense | $18.0M | $1.2M |
| Total operating expenses | $122.0M | $159.0M |
| Loss from operations | -$107.8M | -$130.7M |
| Interest income (expense) | $863.0K | -$150.0K |
| Dividend income | $3.5M | $5.2M |
| (Loss) Gain from change in fair value of earnout liabilities | -$12.4M | $36.6M |
| Other income, net | $6.0K | $102.0K |
| Total other income (expense), net | -$8.0M | $41.8M |
| Loss before income taxes | -$115.8M | -$88.8M |
| Income tax provision (benefit) | $50.0K | -$342.0K |
| Equity method investment (loss) gain | -$1.1M | $3.9M |
| Net loss | -$117.0M | -$84.6M |
| Basic loss per share attributable to common stockholders (in dollars per share) | -$0.57 | -$0.46 |
| Diluted loss per share attributable to common stockholders (in dollars per share) | -$0.57 | -$0.46 |
| Basic common shares (in shares) | 205.6M shares | 182.5M shares |
| Diluted common shares (in shares) | 205.6M shares | 182.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $236.9M | $86.7M | |
| Accounts receivable, net of allowance of $468 and $135, respectively | $3.6M | $14.0M | |
| Inventories | $13.3M | $15.5M | |
| Prepaid expenses and other current assets | $4.4M | $4.1M | |
| Restricted cash | $1.7M | $1.5M | |
| Total current assets | $259.9M | $121.8M | |
| Property and equipment, net | $9.8M | $15.4M | |
| Operating lease right of use assets | $5.2M | $6.9M | |
| Finance lease right of use assets | $766.0K | $0 | |
| Intangible assets, net | $53.3M | $72.2M | $91.1M |
| Goodwill | $163.2M | $163.2M | |
| Other assets | $8.4M | $10.5M | |
| Total assets | $500.5M | $390.0M | |
| Accounts payable and other accrued expenses | $22.4M | $10.8M | |
| Accrued compensation expenses | $4.9M | $8.6M | |
| Operating lease liabilities, current | $1.9M | $1.8M | |
| Finance lease liabilities, current | $323.0K | $0 | |
| Earnout liability, current | $22.6M | $0 | |
| Total current liabilities | $52.1M | $21.1M | |
| Operating lease liabilities noncurrent | $3.8M | $5.6M | |
| Finance lease liabilities noncurrent | $456.0K | $0 | |
| Earnout liability | $0 | $10.2M | |
| Deferred tax liabilities | $405.0K | $441.0K | |
| Other noncurrent liabilities | $0 | $4.6M | |
| Total liabilities | $56.8M | $42.0M | |
| Additional paid-in capital | $945.4M | $732.8M | |
| Accumulated other comprehensive loss | -$7.0K | -$7.0K | |
| Accumulated deficit | -$501.7M | -$384.8M | |
| Total stockholders equity | $443.7M | $348.0M | $380.6M |
| Total liabilities and stockholders' equity | $500.5M | $390.0M | |
| Accounts receivable current, allowance | $468.0K | $135.0K |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $236.9M | $86.7M | |
| Accounts receivable, net of allowance of $468 and $135, respectively | $3.6M | $14.0M | |
| Inventories | $13.3M | $15.5M | |
| Prepaid expenses and other current assets | $4.4M | $4.1M | |
| Restricted cash | $1.7M | $1.5M | |
| Total current assets | $259.9M | $121.8M | |
| Property and equipment, net | $9.8M | $15.4M | |
| Operating lease right of use assets | $5.2M | $6.9M | |
| Finance lease right of use assets | $766.0K | $0 | |
| Intangible assets, net | $53.3M | $72.2M | $91.1M |
| Goodwill | $163.2M | $163.2M | |
| Other assets | $8.4M | $10.5M | |
| Total assets | $500.5M | $390.0M | |
| Accounts payable and other accrued expenses | $22.4M | $10.8M | |
| Accrued compensation expenses | $4.9M | $8.6M | |
| Operating lease liabilities, current | $1.9M | $1.8M | |
| Finance lease liabilities, current | $323.0K | $0 | |
| Earnout liability, current | $22.6M | $0 | |
| Total current liabilities | $52.1M | $21.1M | |
| Operating lease liabilities noncurrent | $3.8M | $5.6M | |
| Finance lease liabilities noncurrent | $456.0K | $0 | |
| Earnout liability | $0 | $10.2M | |
| Deferred tax liabilities | $405.0K | $441.0K | |
| Other noncurrent liabilities | $0 | $4.6M | |
| Total liabilities | $56.8M | $42.0M | |
| Additional paid-in capital | $945.4M | $732.8M | |
| Accumulated other comprehensive loss | -$7.0K | -$7.0K | |
| Accumulated deficit | -$501.7M | -$384.8M | |
| Total stockholders equity | $443.7M | $348.0M | $380.6M |
| Total liabilities and stockholders' equity | $500.5M | $390.0M | |
| Accounts receivable current, allowance | $468.0K | $135.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$117.0M | -$84.6M |
| Depreciation | $3.5M | $3.0M |
| Amortization of intangibles | $18.9M | $18.9M |
| Non-cash lease expense | $1.8M | $1.9M |
| Impairment of other asset | $0 | $2.0M |
| Impairment of long-lived assets | $3.8M | $0 |
| Stock-based compensation expense | $14.5M | $43.0M |
| Allowance for expected credit losses | $844.0K | $7.7M |
| Loss (gain) from change in fair value of investment | $1.1M | -$3.9M |
| Loss (gain) from change in fair value of earnout liability | $12.4M | -$36.6M |
| Loss on disposition of property and equipment | $176.0K | $148.0K |
| Deferred income taxes | -$36.0K | -$599.0K |
| Accounts receivable | $9.5M | $4.2M |
| Inventories | $2.2M | $6.8M |
| Prepaid expenses and other current assets | -$329.0K | $2.1M |
| Other assets | $977.0K | $592.0K |
| Accounts payable, accrued compensation and other accrued expenses | $6.2M | -$10.7M |
| Operating lease liability | -$1.7M | -$1.7M |
| Customer deposit and deferred revenue | $185.0K | -$11.0M |
| Net cash used in operating activities | -$42.9M | -$58.8M |
| Proceeds from disposition of property and equipment | $92.0K | $0 |
| Investment purchases | $0 | -$2.5M |
| Purchases of property and equipment | -$1.5M | -$6.8M |
| Net cash used in investing activities | -$1.4M | -$9.3M |
| Proceeds from the issuance of At-the-market offerings (ATM One and ATM Two) | $100.0M | $0 |
| Proceeds from issuance of common stock in connection with PIPE offering | $100.0M | $0 |
| Costs for the issuance of common stock/At-the-market offering (ATM One and ATM Two) | -$3.2M | $0 |
| Costs for the issuance of common stock/PIPE | -$4.4M | $0 |
| Proceeds from issuance of common stock in connection with stock option exercises | $1.0M | $812.0K |
| Proceeds from employee stock purchase plan | $1.5M | $2.7M |
| Payments on finance lease obligations | -$206.0K | $0 |
| Net cash provided by financing activities | $194.6M | $3.5M |
| NET INCREASE (DECREASE) IN CASH | $150.4M | -$64.6M |
| Cash paid for income taxes | $243.0K | $296.0K |
| Cash paid for interest | $29.0K | $0 |
| Capital expenditures in accounts payable | $148.0K | $3.1M |
| Noncash finance lease acquisition | $985.0K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Navitas Semiconductor, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerChris Allexandre Sep 5, 2025 to now15
- Chief executive officerEugene Sheridan Oct 21, 2021 to Sep 5, 202516
- Chief executive officerRichard J. Hendrix Dec 2, 2020 to Dec 2, 202017
- PresidentChris Allexandre Sep 5, 2025 to now15
- PresidentEugene Sheridan Feb 10, 2022 to Sep 5, 202518
- PresidentGary Kent Wunderlich Jr. Dec 2, 2020 to Dec 2, 202019
- Chief financial officerTonya Stevens Apr 8, 2026 to now20
- Chief financial officerJanet Chou Mar 7, 2024 to Mar 7, 202421
- Chief financial officerTodd Glickman Mar 14, 2022 to May 27, 202222
- Chief financial officerRon Shelton May 27, 2022 to Dec 15, 202323
- Chief financial officerAndrea K. Tarbox Dec 2, 2020 to Dec 2, 202024
- Chief operating officerDaniel M. Kinzer May 12, 2022 to Aug 29, 202425
- Chief operating officerAdam J. Fishman Dec 2, 2020 to Dec 2, 202026
Board members and other officers (18)
- EVP, GeneSic BusinessRanbir Singh Aug 25, 2022 to Mar 15, 202427
- Chief Oprtng and Tech OfficerDaniel M. Kinzer Oct 21, 2021 to Oct 21, 202128
- Interim Chf Financial OfficerTodd Glickman Oct 21, 2021 to Oct 21, 202129
- Board memberGregory Michael Fischer Apr 14, 2026 to now30
- Board memberDavin Lee May 4, 2026 to now31
- Board memberCristiano Amoruso May 27, 2025 to now32
- Board memberChris Allexandre Sep 5, 2025 to now15
- Board memberRanbir Singh Dec 10, 2024 to now33
- Board memberDaniel M. Kinzer Oct 21, 2021 to Aug 29, 202428
- Board memberDavid Moxam Oct 21, 2021 to now34
- Board memberEugene Sheridan Oct 21, 2021 to now16
- Board memberGary Kent Wunderlich Jr. Oct 21, 2021 to now35
- Board memberDipender Saluja Oct 22, 2021 to now36
- Board memberAndrea K. Tarbox Dec 2, 2020 to Dec 2, 202024
- Board memberJohn P. Amboian Dec 2, 2020 to Dec 2, 202037
- Board memberJonathan R. Furer Dec 2, 2020 to Dec 2, 202038
- Board memberRichard J. Hendrix Dec 2, 2020 to now17
- Board memberTor Braham Dec 2, 2020 to Dec 2, 202039
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Live Oak Acquisition Corp IISep 18, 2020 to Oct 14, 20215
Timeline
Filings
485 filings to the SEC since October 2021: 11 annual reports, 16 quarterly reports, 79 major events, 181 insider forms, 25 large holders, 1 private raises, 172 other. The latest 20:
- Oct 6, 2026S-8 EDGAR
- Oct 6, 2026S-8 EDGAR
- Oct 6, 20268-K EDGAR
- Sep 21, 20268-K/A EDGAR
- Sep 21, 20268-K EDGAR
- Sep 16, 2026EFFECT EDGAR
- Sep 8, 2026S-4 EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20264/A OWNERSHIP DOCUMENT EDGAR
- Aug 25, 20268-K EDGAR
- Aug 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 27, 202610-Q EDGAR
- Jul 27, 20268-K EDGAR
- Jul 16, 2026SCHEDULE 13G EDGAR
The 485 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
138 open-market trades by officers, directors and large owners since October 2021: 7 buys and 131 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 28, 2026 | Singh RanbirDirector | Sale | 664,058 | $28.72 | $19.1M | Form 4 |
| May 28, 2026 | Wunderlich Gary Kent JRDirector | Sale | 108,165 | $28.12 | $3.0M | Form 4 |
| May 28, 2026 | HENDRIX RICHARD JDirector | Sale | 110,165 | $28.96 | $3.2M | Form 4 |
| May 27, 2026 | Allexandre ChrisPRESIDENT AND CEO | Sale | 13,323 | $31.81 | $423.8K | Form 4 |
| May 27, 2026 | Singh RanbirDirector | Sale | 3,060,118 | $29.29 | $89.6M | Form 4 |
| May 27, 2026 | HENDRIX RICHARD JDirector | Sale | 33,649 | $29.66 | $998.0K | Form 4 |
| Mar 17, 2026 | GLICKMAN TODDSr. V.P., CFO & Treasurer | Sale | 98,152 | $10.78 | $1.1M | Form 4 |
| Mar 3, 2026 | Allexandre ChrisPRESIDENT AND CEO | Sale | 9,236 | $8.93 | $82.5K | Form 4 |
| Feb 26, 2026 | Singh RanbirDirector | Sale | 389,096 | $9.52 | $3.7M | Form 4 |
| Feb 26, 2026 | GLICKMAN TODDSr. V.P., CFO & Treasurer | Sale | 12,532 | $9.82 | $123.1K | Form 4 |
| Dec 15, 2025 | Saluja DipenderDirector | Sale | 873,488 | $8.10 | $7.1M | Form 4 |
| Dec 12, 2025 | Singh RanbirDirector | Sale | 179,354 | $8.68 | $1.6M | Form 4 |
| Dec 12, 2025 | Saluja DipenderDirector | Sale | 315,396 | $8.65 | $2.7M | Form 4 |
| Dec 11, 2025 | Wunderlich Gary Kent JRDirector | Sale | 49,651 | $9.31 | $462.3K | Form 4 |
| Dec 10, 2025 | Wunderlich Gary Kent JRDirector | Sale | 78,649 | $9.25 | $727.5K | Form 4 |
| Dec 9, 2025 | Wunderlich Gary Kent JRDirector | Sale | 50,000 | $9.25 | $462.5K | Form 4 |
| Dec 8, 2025 | GLICKMAN TODDSr. V.P., CFO & Treasurer | Sale | 78,307 | $9.77 | $765.1K | Form 4 |
| Dec 3, 2025 | LONG BRIANDirector | Sale | 48,165 | $8.50 | $409.4K | Form 4 |
| Dec 2, 2025 | LONG BRIANDirector | Sale | 22,034 | $8.51 | $187.5K | Form 4 |
| Dec 1, 2025 | LONG BRIANDirector | Sale | 142,150 | $8.55 | $1.2M | Form 4 |
All 138 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JANE STREET GROUP, LLCSCHEDULE 13G, 1 filing Jul 16, 202641
- Ranbir SinghSCHEDULE 13D/A, 6 filings Aug 25, 2022 to May 29, 202642
- BlackRockSCHEDULE 13G/A, 4 filings Oct 24, 2024 to Apr 24, 202643
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Nov 4, 2024 to Mar 27, 202644
- Capricorn-Libra Investment Group, LPSCHEDULE 13D/A, 2 filings Feb 18, 2022 to Dec 16, 202545
- Encompass Capital Advisors LLCSC 13G/A, 2 filings Oct 8, 2021 to Feb 15, 202246
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 1 filing Feb 10, 202247
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 8, 202248
- Live Oak Sponsor Partners II, LLCSC 13G/A, 1 filing Jan 4, 202249
- Atalaya Capital Management LPSC 13G/A, 3 filings Oct 13, 2021 to Dec 14, 202150
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 10, 2025Raised $100 million in a private offering of equity Form D: 4 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 16,237,182 | $291.0M | 0.0% | −420,766 |
| D. E. Shaw & Co., Inc. | 9,582,697 | $171.7M | 0.1% | +5,815,093 |
| Vanguard Capital Management LLC | 8,998,961 | $161.3M | 0.0% | +327,511 |
| Vanguard Portfolio Management LLC | 8,980,628 | $160.9M | 0.0% | +4,174,221 |
| State Street Corp | 8,211,604 | $147.2M | 0.0% | −439,908 |
| Capricorn Investment Group LLC | 7,134,285 | $127.8M | 0.6% | −858,412 |
| Goldman Sachs Group Inc | 6,718,193 | $120.4M | 0.0% | +3,178,440 |
| Jane Street Group, LLC | 6,481,513 | $116.1M | 0.1% | +4,930,681 |
| Geode Capital Management, LLC | 5,036,405 | $90.3M | 0.0% | −46,869 |
| Connor, Clark & Lunn Investment Management Ltd. | 4,224,400 | $75.7M | 0.1% | +2,405,977 |
| Citadel Advisors LLC | 3,056,137 | $54.8M | 0.0% | +471,403 |
| Two Sigma Investments, LP | 2,748,653 | $49.3M | 0.0% | +2,320,591 |
| Neuberger Berman Group LLC | 2,287,992 | $41.0M | 0.0% | +2,275,108 |
| Jpmorgan Chase & Co | 2,201,069 | $39.2M | 0.0% | +621,198 |
| Morgan Stanley | 2,119,525 | $38.0M | 0.0% | −683,764 |
| Northern Trust Corp | 1,768,742 | $31.7M | 0.0% | +75,105 |
| Charles Schwab Investment Management Inc | 1,635,638 | $29.3M | 0.0% | −4,530 |
| Fmr LLC | 1,557,283 | $27.9M | 0.0% | +1,475,433 |
| Vanguard Fiduciary Trust Co | 1,425,636 | $25.5M | 0.0% | +128,756 |
| Nuveen, LLC | 1,295,359 | $23.2M | 0.0% | +615,759 |
| First Trust Advisors LP | 1,274,792 | $22.8M | 0.0% | +332,153 |
| Alliancebernstein L.P. | 2,592,043 | $22.7M | 0.0% | +2,387,877 |
| Tidal Investments LLC | 1,132,184 | $20.3M | 0.0% | +698,683 |
| UBS Group AG | 1,103,595 | $19.8M | 0.0% | −1,103,307 |
| Nomura Asset Management International Inc. | 1,020,650 | $18.3M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitenavitassemi.com1
- WikidataQ137596590
- SEC EDGARCIK 1821769
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGAREugene Sheridan, President
- 19SEC EDGARGary Kent Wunderlich Jr., President
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- 21SEC EDGARJanet Chou, Chief financial officer
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- 23SEC EDGARRon Shelton, Chief financial officer
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- 27SEC EDGARRanbir Singh, EVP, GeneSic Business
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- 31SEC EDGARDavin Lee, Board member
- 32SEC EDGARCristiano Amoruso, Board member
- 33SEC EDGARRanbir Singh, Board member
- 34SEC EDGARDavid Moxam, Board member
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- 36SEC EDGARDipender Saluja, Board member
- 37SEC EDGARJohn P. Amboian, Board member
- 38SEC EDGARJonathan R. Furer, Board member
- 39SEC EDGARTor Braham, Board member
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