Navitas Semiconductor Corp
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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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, 2025 · Filed Nov 3, 2025
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 Flow for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(85,138) | $(44,739) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,558 | 2,197 |
| Amortization of intangible assets | 14,203 | 14,265 |
| Non-cash lease expense | 1,333 | 1,716 |
| Stock-based compensation expense | 6,526 | 38,011 |
| Allowance for expected credit losses | 982 | 1,053 |
| Loss from equity method investment | 827 | — |
| Loss on disposition of capital assets | 8 | — |
| Loss (Gain) from change in fair value of earnout liability | 20,695 | (42,920) |
| Deferred income taxes | (70) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 3,212 | (1,496) |
| Inventories | 812 | 950 |
| Prepaid expenses and other current assets | 236 | 2,017 |
| Other assets | 979 | 525 |
| Accounts payable, accrued compensation and other accrued expenses | (676) | (9,867) |
| Operating lease liability | (1,270) | (1,398) |
| Customer deposit and deferred revenue | — | (8,947) |
| Net cash used in operating activities | (34,783) | (48,633) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from disposition of property and equipment | 46 | — |
| Investment purchases | — | (2,500) |
| Purchases of property and equipment | (1,430) | (6,209) |
| Net cash used in investing activities | (1,384) | (8,709) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of the At-the-market offerings (ATM One and ATM Two) | 100,000 | — |
| Costs for the issuance of common stock/At-the-market offering (ATM One and ATM Two) | (3,250) | — |
| Proceeds from issuance of common stock in connection stock option exercises | 1,028 | 434 |
| Proceeds from employee stock purchase plan | 1,498 | 2,683 |
| Payments on finance lease obligations | (128) | — |
| Net cash provided by financing activities | 99,148 | 3,117 |
| NET INCREASE (DECREASE) IN CASH | 62,981 | (54,225) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 88,240 | 152,839 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD | $151,221 | $98,614 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ||
| Cash and cash equivalents | $150,551 | $98,334 |
| Restricted cash | 670 | 280 |
| TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $151,221 | $98,614 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | $259 | $198 |
| Cash paid for interest | $19 | $— |
| Capital expenditures in accounts payable | $156 | $391 |
| Shares issued in connection with annual bonus | $2,988 | $— |
| Noncash finance lease acquisition | $985 | $— |
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