Private company

Transphorm, Inc.

American semiconductors and related devices company based in Goleta. Summary from the record

Last updated Oct 19, 2026.

Overview

$16.5MRevenue, fiscal 20232
-$30.6MNet income, fiscal 20233
  • IndustrySemiconductors & Related Devices1
  • HeadquartersGoleta, California1
  • Incorporated inDE4
  • Business address75 Castilian Drive, Goleta, Ca 931174
  • Filer category, Emerging growth company4
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-5.8%Gross margin2
-174.3%Operating margin2
-185.3%Net margin3
-31.3%Revenue growth, 20232
-156.0%Return on equity2
0.62×Debt to equity2
-$33.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue64¢$17.5M
  • Research and development33¢$8.9M
  • Interest3¢$730.0K

Out of $16.5M in revenue.23 The company lost money this year.

Financial statements

Revenue562$16.5M in 2023+38% since 2019
0$10.0M$20.0M$30.0M2019: $11.9M$11.9M20192020: $11.4M$11.4M2020−5%2022: $24.1M$24.1M2022+112%2023: $16.5M$16.5M2023−31%
Gross profit62-$950.0K in 2023
-$5.0M0$5.0M$10.0M$15.0M2020: $4.7M$4.7M20202022: $11.5M$11.5M2022+146%2023: -$950.0K-$950.0K2023
Operating income7562-$28.8M in 2023+68256% since 2018
-$30.0M-$20.0M-$10.0M02018: -$42.1K-$42.1K20182019: -$11.9M-$11.9M2019+28212%2020: -$13.4M-$13.4M2020+12%2022: -$9.9M-$9.9M2022−26%2023: -$28.8M-$28.8M2023+191%
Net income75623-$30.6M in 2023+68774% since 2018
-$40.0M-$30.0M-$20.0M-$10.0M02018: -$44.4K-$44.4K20182019: -$15.3M-$15.3M2019+34299%2020: -$17.9M-$17.9M2020+17%2022: -$10.2M-$10.2M2022−43%2023: -$30.6M-$30.6M2023+199%
Fiscal year2017201820192020202120222023
Revenue$11.9M5$11.4M6$24.1M2$16.5M2
Cost of revenue$6.5M5$6.7M6$12.5M2$17.5M2
Gross profit$4.7M6$11.5M2-$950.0K2
Research and development$8.1M5$5.6M6$6.7M2$8.9M2
Operating expenses$21.4M2$27.8M2
Operating income-$42.1K7-$11.9M5-$13.4M6-$9.9M2-$28.8M2
Interest$2.3K7$758.0K5$760.0K6$792.0K2$730.0K2
Income tax$05$06$02$02
Net income-$44.4K7-$15.3M5-$17.9M6-$10.2M2-$30.6M3
Earnings per share-$0.566-$0.222-$0.542
Earnings per share (diluted)-$0.566-$0.222-$0.542
Shares (weighted, basic)46.1M shares256.2M shares2
Shares (weighted, diluted)46.1M shares256.2M shares2

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Leadership

Who has led Transphorm, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mario Rivas2020–2023
  2. Primit Parikh2023–2024

President

  1. Primit Parikh2022–2024

Chief financial officer

  1. Cameron McAulay2020–2024

Chief operating officer

  1. Primit Parikh2020–2023
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorUmesh Mishra named Nov 10, 2021 to Dec 29, 202323

Former names

  • Peninsula Acquisition CorpAug 29, 2017 to Feb 18, 20204

Timeline

  1. Jul 5, 2023New chief executive Primit Parikh becomes CEO11
  2. Mar 12, 2020New chief executive Mario Rivas becomes CEO12

Filings

243 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 41 major events, 87 insider forms, 13 large holders, 4 private raises, 88 other. The latest 20:

  1. Jul 1, 202415-12G EDGAR
  2. Jun 20, 2024EFFECT EDGAR
  3. Jun 20, 2024EFFECT EDGAR
  4. Jun 20, 2024EFFECT EDGAR
  5. Jun 20, 2024EFFECT EDGAR
  6. Jun 20, 2024EFFECT EDGAR
  7. Jun 20, 2024EFFECT EDGAR
  8. Jun 20, 2024EFFECT EDGAR
  9. Jun 20, 2024EFFECT EDGAR
  10. Jun 20, 20244 EDGAR
  11. Jun 20, 20244 EDGAR
  12. Jun 20, 20244 EDGAR
  13. Jun 20, 20244 EDGAR
  14. Jun 20, 20244 EDGAR
  15. Jun 20, 20244 EDGAR
  16. Jun 20, 20244 EDGAR
  17. Jun 20, 2024S-8 POS EDGAR
  18. Jun 20, 2024S-8 POS EDGAR
  19. Jun 20, 2024POS AM EDGAR
  20. Jun 20, 2024POS AM EDGAR

The 243 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

28 open-market trades by officers, directors and large owners since October 2021: 2 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 20, 2024KKR Group Holdings Corp.10% ownerSale24,411,968$5.10$124.5MForm 4
May 22, 2024MCFARLAND KATHARINA G.DirectorSale3,996$4.89$19.5KForm 4
May 22, 2024Smales KellyDirectorSale3,996$4.89$19.5KForm 4
Apr 24, 2024MCFARLAND KATHARINA G.DirectorSale840$4.85$4.1KForm 4
Apr 24, 2024Smales KellyDirectorSale475$4.85$2.3KForm 4
Apr 4, 2024Smales KellyDirectorSale766$4.90$3.8KForm 4
Feb 29, 2024Parikh PrimitPRESIDENT AND CEOSale6,000$4.80$28.8KForm 4
Feb 28, 2024MCFARLAND KATHARINA G.DirectorSale3,996$4.81$19.2KForm 4
Feb 28, 2024Smales KellyDirectorSale3,996$4.81$19.2KForm 4
Jan 24, 2024Smales KellyDirectorSale471$4.82$2.3KForm 4
Jan 24, 2024MCFARLAND KATHARINA G.DirectorSale833$4.82$4.0KForm 4
Jan 4, 2024Smales KellyDirectorSale766$3.90$3.0KForm 4
Jan 2, 2024Smales KellyDirectorSale2,187$3.61$7.9KForm 4
Nov 22, 2023Smales KellyDirectorSale3,995$2.63$10.5KForm 4
Nov 22, 2023MCFARLAND KATHARINA G.DirectorSale3,995$2.70$10.8KForm 4
Nov 20, 2023MCFARLAND KATHARINA G.DirectorSale3,515$3.01$10.6KForm 4
Nov 20, 2023Smales KellyDirectorSale656$2.89$1.9KForm 4
Nov 17, 2023Smales KellyDirectorSale3,227$2.82$9.1KForm 4
Jul 21, 2023KKR Group Holdings Corp.10% ownerBuy1,735,988$3.30$5.7MForm 4
Nov 30, 2022Parikh PrimitPRESIDENT AND CEOSale1,648$5.63$9.3KForm 4

All 28 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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 21, 2023Raised $4.1 million in a private offering of securities Form D: 5 investors so far Form D
  2. Apr 3, 2023Raised $21.9 million in a private offering of equity Form D: 10 investors so far Form D
  3. Dec 7, 2021Raised $12.9 million in a private offering of equity Form D: 2 investors so far Form D
  4. Nov 5, 2021Raised $33 million in a private offering of equity Form D: 10 investors so far Form D

Sources

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