Navitas Semiconductor Corp
For the period ended Jun 30, 2026. Filed Jul 27, 2026.
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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.
Jun 30, 2026 · Filed Jul 27, 2026
NVTS$9.38-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(262,003) | $(65,904) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 1,869 | 1,677 |
| Amortization of intangible assets | 9,468 | 9,468 |
| Non-cash lease expense | 742 | 896 |
| Stock-based compensation expense | 18,724 | 6,059 |
| Allowance for expected credit losses | (216) | 750 |
| Loss from equity method investment | — | 505 |
| Loss on disposition of property and equipment | 8 | 8 |
| Loss from change in fair value of earnout liability | 210,981 | 19,851 |
| Deferred income taxes | — | (35) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (930) | 756 |
| Inventories | (6,227) | 353 |
| Prepaid expenses and other current assets | (15,443) | (6) |
| Other assets | 54 | 954 |
| Accounts payable, accrued compensation and other accrued expenses | (4,513) | 728 |
| Operating lease liability | (862) | (825) |
| Net cash used in operating activities | (48,348) | (24,765) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from disposition of property and equipment | — | 46 |
| Investment purchases | (1,428) | — |
| Purchases of property and equipment | (615) | (720) |
| Net cash used in investing activities | (2,043) | (674) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of shares in the At-the-market offerings | 380,731 | 100,000 |
| Costs for the issuance of common stock for the At-the-market offering | (7,566) | (3,250) |
| Proceeds from issuance of common stock in connection with stock option exercises | 12 | 1,023 |
| Proceeds from employee stock purchase plan | 793 | 818 |
| Settlement of earnout shares | (3,750) | — |
| Payments on finance lease obligations | (158) | (51) |
| Net cash provided by financing activities | 370,061 | 98,540 |
| NET INCREASE IN CASH | 319,670 | 73,101 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 238,602 | 88,240 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD | $558,272 | $161,341 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ||
| Cash and cash equivalents | $557,409 | $161,189 |
| Restricted cash | 863 | 152 |
| TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $558,272 | $161,341 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
|---|---|---|
| Cash paid for income taxes | $62 | $187 |
| Cash paid for interest | $17 | $8 |
| Capital expenditures in accounts payable | $111 | $267 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Shares issued in connection with Earnout Settlement | $229,862 | $— |
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