Navitas Semiconductor Corp
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
NVTS$8.61+9.5%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
| (In thousands, except shares and par value) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $531,479 | $236,857 |
| Accounts receivable, net of allowance of $98 as of September 30, 2026 and $468 as of December 31, 2025 | 5,717 | 3,621 |
| Inventories | 21,151 | 13,283 |
| Prepaid expenses and other current assets | 16,600 | 4,399 |
| Restricted cash | 363 | 1,745 |
| Total current assets | 575,310 | 259,905 |
| Property and equipment, net | 5,563 | 9,779 |
| Operating lease right of use assets | 5,549 | 5,166 |
| Finance lease right of use assets | 520 | 766 |
| Inventories, noncurrent | 11,237 | — |
| Intangible assets, net | 40,587 | 53,258 |
| Goodwill | 163,215 | 163,215 |
| Other assets | 8,078 | 8,380 |
| Total assets | $810,059 | $500,469 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable and other accrued expenses | $24,260 | $22,350 |
| Accrued compensation expenses | 7,298 | 4,949 |
| Operating lease liabilities, current | 2,179 | 1,866 |
| Finance lease liabilities, current | 335 | 323 |
| Earnout liability | — | 22,632 |
| Total current liabilities | 34,072 | 52,120 |
| Operating lease liabilities noncurrent | 3,886 | 3,827 |
| Finance lease liabilities noncurrent | 203 | 456 |
| Deferred tax liabilities | 274 | 405 |
| Total liabilities | 38,435 | 56,808 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' equity | ||
| Class A common stock, $0.0001 par value, 740,000,000 shares authorized as of September 30, 2026 and December 31, 2025, and 262,162,970 and 230,525,464 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 26 | 26 |
| Class B common stock, $0.0001 par value, 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025, and 0 shares issued and outstanding at both September 30, 2026 and December 31, 2025 | — | — |
| Additional paid-in capital | 1,572,455 | 945,381 |
| Accumulated other comprehensive loss | (7) | (7) |
| Accumulated deficit | (800,850) | (501,739) |
| Total stockholders’ equity | 771,624 | 443,661 |
| Total liabilities and stockholders’ equity | $810,059 | $500,469 |
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