CEVA INC

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

CEVA$24.84-8.3%Stored close · as of Nov 9, 2026

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Contents

Item 1. FINANCIAL STATEMENTS

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

U.S. dollars in thousands, except share and per share data

	March 31, 2025	December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$18,814	$18,498
Short-term bank deposits	2,053	2,029
Marketable securities	137,481	143,117
Trade receivables (net of allowance for credit losses of $2,626 at both March 31, 2025 and December 31, 2024)	40,819	37,209
Prepaid expenses and other current assets	17,818	15,488
Total current assets	216,985	216,341
Long-term assets:
Severance pay fund	7,132	7,161
Deferred tax assets, net	1,171	1,456
Property and equipment, net	6,578	6,877
Operating lease right-of-use assets	5,281	5,811
Goodwill	58,308	58,308
Intangible assets, net	1,669	1,877
Investments in marketable equity securities	258	312
Other long-term assets	12,609	10,805
Total long-term assets	93,006	92,607
Total assets	$309,991	$308,948
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables	$2,527	$1,125
Deferred revenues	2,954	3,599
Accrued expenses and other payables	5,514	6,243
Accrued payroll and related benefits	16,131	16,964
Operating lease liabilities	2,003	2,598
Total current liabilities	29,129	30,529
Long-term liabilities:
Accrued severance pay	7,395	7,365
Operating lease liabilities	2,829	2,963
Other accrued liabilities	1,506	1,535
Total long-term liabilities	11,730	11,863
Stockholders’ equity:
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding	—	—
Common Stock: $0.001 par value: 45,000,000 shares authorized; 23,915,220 and 23,756,255 shares issued at March 31, 2025 and December 31, 2024, respectively. 23,915,220 and 23,626,865 shares outstanding at March 31, 2025 and December 31, 2024, respectively	24	24
Additional paid in-capital	262,857	259,891
Treasury stock at cost (0 and 129,390 shares of common stock at March 31, 2025, and December 31, 2024, respectively)	—	(3,222)
Accumulated other comprehensive loss	(1,108)	(1,330)
Retained earnings	7,359	11,193
Total stockholders’ equity	269,132	266,556
Total liabilities and stockholders’ equity	$309,991	$308,948

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.