CEVA (CEVA) Financials

$23.37 +0.10 (+0.43%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$23.41 +0.04 (+0.17%)

As of 04/15/2025 06:48 PM Eastern

Annual Income Statements for CEVA

This table shows CEVA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-23	-12	-8.79
Consolidated Net Income / (Loss)	-23	-12	-8.79
Net Income / (Loss) Continuing Operations	-14	-18	-8.79
Total Pre-Tax Income	4.20	-8.21	-2.76
Total Operating Income	3.90	-13	-7.55
Total Gross Profit	105	86	94
Total Revenue	121	97	107
Operating Revenue	121	97	107
Total Cost of Revenue	15	12	13
Operating Cost of Revenue	15	12	13
Total Operating Expenses	102	99	102
Selling, General & Admin Expense	14	15	17
Marketing Expense	11	11	13
Research & Development Expense	70	73	72
Amortization Expense	2.03	0.59	0.60
Impairment Charge	3.56	0.00	0.00
Total Other Income / (Expense), net	0.30	5.26	4.79
Interest & Investment Income	2.81	5.26	4.88
Other Income / (Expense), net	-2.51	-0.00	-0.09
Income Tax Expense	18	10	6.03
Net Income / (Loss) Discontinued Operations	-9.31	6.56	0.00
Basic Earnings per Share	($1.00)	($0.51)	($0.37)
Weighted Average Basic Shares Outstanding	23.17M	23.48M	23.61M
Diluted Earnings per Share	($1.00)	($0.51)	($0.37)
Weighted Average Diluted Shares Outstanding	23.17M	23.48M	23.61M
Weighted Average Basic & Diluted Shares Outstanding	23.42M	23.63M	23.81M

This table shows CEVA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-22	1.94	-4.87	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74
Consolidated Net Income / (Loss)	-22	1.94	-4.87	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74
Net Income / (Loss) Continuing Operations	-21	9.57	-2.70	-4.89	-2.75	-8.10	-5.45	-0.29	-1.31	-1.74
Total Pre-Tax Income	-2.71	7.83	-1.28	-4.34	-1.63	-0.95	-3.76	1.31	-0.30	-0.00
Total Operating Income	-2.36	6.06	-2.62	-5.34	-2.72	-2.79	-4.96	-0.04	-2.62	0.07
Total Gross Profit	24	27	23	19	22	22	20	26	23	26
Total Revenue	30	23	26	23	24	24	22	28	27	29
Operating Revenue	30	23	26	23	24	24	22	28	27	29
Total Cost of Revenue	5.66	-3.76	3.51	3.52	2.36	2.26	2.50	2.93	3.96	3.37
Operating Cost of Revenue	5.66	-3.76	3.51	3.52	2.36	2.26	2.50	2.93	3.96	3.37
Total Operating Expenses	27	21	25	25	24	25	25	26	26	26
Selling, General & Admin Expense	3.25	3.66	3.83	3.91	3.61	3.57	3.57	3.54	4.64	5.13
Marketing Expense	2.88	2.95	2.72	2.63	2.86	2.83	2.82	3.10	3.09	3.63
Research & Development Expense	16	14	19	18	18	18	18	19	18	17
Amortization Expense	0.58	-0.05	0.15	0.14	0.15	0.15	0.15	0.15	0.15	0.15
Total Other Income / (Expense), net	-0.35	1.77	1.34	1.00	1.08	1.84	1.20	1.35	2.32	-0.08
Interest & Investment Income	0.11	2.01	1.46	1.12	0.92	1.77	1.26	1.41	2.30	-0.08
Other Income / (Expense), net	-0.46	-0.24	-0.12	-0.12	0.16	0.07	-0.06	-0.06	0.02	0.00
Income Tax Expense	18	-1.74	1.42	0.55	1.12	7.15	1.69	1.60	1.01	1.74
Basic Earnings per Share	($0.96)	$0.08	($0.21)	($0.25)	($0.21)	$0.16	($0.23)	($0.01)	($0.06)	($0.07)
Weighted Average Basic Shares Outstanding	23.21M	23.17M	23.33M	23.48M	23.61M	23.48M	23.51M	23.63M	23.68M	23.61M
Weighted Average Diluted Shares Outstanding	23.19M	23.17M	23.42M	23.63M	23.56M	23.48M	23.58M	23.69M	23.63M	23.61M
Weighted Average Basic & Diluted Shares Outstanding	23.19M	23.42M	23.42M	23.63M	23.56M	23.63M	23.58M	23.69M	23.63M	23.81M

This table details how cash moves in and out of CEVA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-12	2.00	-4.79
Net Cash From Operating Activities	6.92	-6.33	3.47
Net Cash From Continuing Operating Activities	6.92	-6.33	3.47
Net Income / (Loss) Continuing Operations	-23	-12	-8.79
Consolidated Net Income / (Loss)	-23	-12	-8.79
Depreciation Expense	3.19	2.89	3.05
Amortization Expense	4.77	1.87	0.17
Non-Cash Adjustments To Reconcile Net Income	18	-0.09	13
Changes in Operating Assets and Liabilities, net	4.16	0.87	-4.24
Net Cash From Investing Activities	-15	11	-2.45
Net Cash From Continuing Investing Activities	-15	11	-2.45
Purchase of Property, Plant & Equipment	-3.50	-2.88	-2.96
Acquisitions	0.00	-3.60	0.00
Purchase of Investments	-50	-40	-47
Divestitures	0.00	31	0.54
Sale and/or Maturity of Investments	21	23	40
Other Investing Activities, net	17	4.00	7.25
Net Cash From Financing Activities	-3.31	-2.77	-5.57
Net Cash From Continuing Financing Activities	-3.31	-2.77	-5.57
Repurchase of Common Equity	-6.79	-6.16	-8.46
Issuance of Common Equity	3.48	3.39	2.88
Effect of Exchange Rate Changes	-0.37	0.27	-0.24
Cash Income Taxes Paid	10	7.40	6.26

This table details how cash moves in and out of CEVA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	10	-8.23	17	7.88	-28	5.60	8.87	9.93	-29	5.27
Net Cash From Operating Activities	1.82	3.40	-5.08	-4.79	-1.28	4.81	-7.35	2.38	0.40	8.04
Net Cash From Continuing Operating Activities	1.82	3.40	8.30	0.07	-20	4.81	3.58	8.83	-17	8.04
Net Income / (Loss) Continuing Operations	-22	1.94	-4.87	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74
Consolidated Net Income / (Loss)	-22	1.94	-4.87	-5.82	-4.96	3.77	-5.45	-0.29	-1.31	-1.74
Depreciation Expense	0.73	0.87	0.74	0.72	0.73	0.69	0.70	0.74	0.71	0.89
Amortization Expense	1.27	0.93	0.70	0.72	0.34	0.11	0.47	0.47	-0.76	-0.01
Non-Cash Adjustments To Reconcile Net Income	5.76	2.59	4.33	11	-10	-5.30	3.33	11	-11	9.91
Changes in Operating Assets and Liabilities, net	16	-2.93	7.40	-6.48	-5.58	5.54	4.53	-2.77	-4.99	-1.01
Net Cash From Investing Activities	8.93	-12	6.54	7.83	-7.16	3.62	5.10	3.09	-9.25	-1.39
Net Cash From Continuing Investing Activities	8.93	-12	6.54	7.83	-7.16	3.62	5.10	3.09	-9.25	-1.39
Purchase of Property, Plant & Equipment	-0.82	-0.58	-0.11	-1.13	-0.89	-0.76	-0.90	-0.61	-0.41	-1.03
Purchase of Investments	-	-23	0.00	-2.46	-8.07	-30	-13	-17	-11	-5.56
Sale and/or Maturity of Investments	0.25	11	6.65	11	1.80	3.30	19	13	2.51	5.20
Net Cash From Financing Activities	-0.57	-	1.67	-	-1.28	-3.16	0.28	-2.00	-2.85	-1.00
Net Cash From Continuing Financing Activities	-0.57	-	1.67	-	-1.28	-3.16	0.28	-2.00	-2.85	-1.00
Repurchase of Common Equity	-2.33	-	0.00	-	-3.00	-3.16	-1.28	-2.00	-4.18	-1.00
Effect of Exchange Rate Changes	-	-	0.06	-	-	0.32	-0.09	-	-	-0.39
Cash Income Taxes Paid	3.32	1.90	1.86	2.01	2.20	1.33	0.87	0.64	2.42	2.33

This table presents CEVA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	308	304	309
Total Current Assets	178	209	216
Cash & Equivalents	20	23	18
Short-Term Investments	112	133	143
Accounts Receivable	30	30	37
Prepaid Expenses	6.79	13	15
Other Current Assets	6.11	11	2.03
Plant, Property, & Equipment, net	6.62	6.73	6.88
Total Noncurrent Assets	124	88	86
Long-Term Investments	0.41	0.41	0.31
Goodwill	57	58	58
Intangible Assets	2.39	2.97	1.88
Noncurrent Deferred & Refundable Income Taxes	8.48	1.61	1.46
Other Noncurrent Operating Assets	31	25	24
Total Liabilities & Shareholders' Equity	308	304	309
Total Liabilities	50	40	42
Total Current Liabilities	33	27	31
Accounts Payable	1.86	1.15	1.13
Accrued Expenses	6.55	5.80	6.24
Current Deferred Revenue	3.10	3.02	3.60
Current Employee Benefit Liabilities	18	14	17
Other Current Liabilities	2.68	2.51	2.60
Total Noncurrent Liabilities	16	13	12
Other Noncurrent Operating Liabilities	15	13	12
Total Equity & Noncontrolling Interests	259	264	267
Total Preferred & Common Equity	259	264	267
Preferred Stock	-	0.00	0.00
Total Common Equity	259	264	267
Common Stock	243	252	260
Retained Earnings	32	20	11
Treasury Stock	-9.90	-5.62	-3.22
Accumulated Other Comprehensive Income / (Loss)	-6.25	-2.33	-1.33

This table presents CEVA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	295	311	300	296	301	300	305
Total Current Assets	171	181	175	171	206	207	211
Cash & Equivalents	30	24	28	17	21	25	13
Short-Term Investments	101	106	98	104	127	132	143
Accounts Receivable	27	35	32	31	34	36	39
Prepaid Expenses	8.13	8.77	7.75	6.83	13	13	14
Other Current Assets	6.06	6.16	10	10	11	2.11	2.01
Plant, Property, & Equipment, net	7.37	6.70	6.87	6.73	7.16	6.84	6.88
Total Noncurrent Assets	116	124	118	118	89	86	87
Long-Term Investments	0.65	0.29	0.17	0.33	0.35	0.29	0.31
Goodwill	75	75	77	58	58	58	58
Intangible Assets	7.55	6.00	6.91	3.25	2.69	2.41	2.13
Noncurrent Deferred & Refundable Income Taxes	4.67	9.43	8.94	9.99	1.24	1.32	1.69
Other Noncurrent Operating Assets	29	33	25	22	26	24	25
Total Liabilities & Shareholders' Equity	295	311	300	296	301	300	305
Total Liabilities	43	51	42	39	39	37	39
Total Current Liabilities	28	35	26	26	27	25	28
Accounts Payable	1.72	1.82	1.10	1.22	1.80	1.09	1.96
Accrued Expenses	5.94	7.28	5.56	5.46	4.98	6.05	6.01
Current Deferred Revenue	3.54	4.01	3.79	3.99	2.48	2.83	3.42
Current Employee Benefit Liabilities	15	19	13	12	15	12	14
Other Current Liabilities	2.24	2.86	2.90	2.57	-	-	2.57
Total Noncurrent Liabilities	14	16	16	14	12	12	11
Capital Lease Obligations	-	-	-	-	3.53	2.96	2.63
Other Noncurrent Operating Liabilities	14	16	16	12	8.81	8.67	8.78
Total Equity & Noncontrolling Interests	252	260	259	257	262	264	266
Total Preferred & Common Equity	252	260	259	257	262	264	266
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	252	260	259	257	262	264	266
Common Stock	239	243	244	249	253	254	257
Retained Earnings	30	27	21	16	15	14	13
Treasury Stock	-11	-4.67	-1.46	-3.00	-2.53	-1.92	-2.94
Accumulated Other Comprehensive Income / (Loss)	-6.76	-5.91	-5.58	-5.47	-2.72	-2.89	-0.96

This table displays calculated financial ratios and metrics derived from CEVA's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.93%	-19.21%	9.77%
EBITDA Growth	-43.13%	-193.22%	49.20%
EBIT Growth	-84.65%	-1,072.49%	43.28%
NOPAT Growth	-803.88%	26.83%	43.97%
Net Income Growth	-5,954.29%	48.76%	26.03%
EPS Growth	-5,100.00%	49.00%	27.45%
Operating Cash Flow Growth	-73.17%	-191.44%	154.83%
Free Cash Flow Firm Growth	2,227.66%	-143.35%	87.27%
Invested Capital Growth	-32.16%	5.84%	-3.08%
Revenue Q/Q Growth	-1.82%	1.26%	4.97%
EBITDA Q/Q Growth	-18.40%	-1,166.10%	39.28%
EBIT Q/Q Growth	-52.58%	-173.04%	26.75%
NOPAT Q/Q Growth	17.47%	-252.73%	27.49%
Net Income Q/Q Growth	-9.12%	13.34%	-167.78%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-52.24%	18.29%	1,334.30%
Free Cash Flow Firm Q/Q Growth	52.07%	-196.46%	74.25%
Invested Capital Q/Q Growth	-16.01%	-3.32%	-6.57%
Profitability Metrics	-	-	-
Gross Margin	87.45%	88.04%	88.06%
EBITDA Margin	7.75%	-8.94%	-4.14%
Operating Margin	3.23%	-13.82%	-7.06%
EBIT Margin	1.15%	-13.83%	-7.14%
Profit (Net Income) Margin	-19.23%	-12.19%	-8.22%
Tax Burden Percent	-552.37%	144.77%	318.91%
Interest Burden Percent	303.03%	60.92%	36.06%
Effective Tax Rate	430.66%	0.00%	0.00%
Return on Invested Capital (ROIC)	-10.21%	-8.98%	-4.97%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.94%	-7.42%	-2.77%
Return on Net Nonoperating Assets (RNNOA)	1.55%	4.44%	1.66%
Return on Equity (ROE)	-8.66%	-4.54%	-3.31%
Cash Return on Invested Capital (CROIC)	28.12%	-14.65%	-1.84%
Operating Return on Assets (OROA)	0.43%	-4.40%	-2.49%
Return on Assets (ROA)	-7.28%	-3.88%	-2.87%
Return on Common Equity (ROCE)	-8.66%	-4.54%	-3.31%
Return on Equity Simple (ROE_SIMPLE)	-8.96%	-4.49%	-3.30%
Net Operating Profit after Tax (NOPAT)	-13	-9.43	-5.28
NOPAT Margin	-10.68%	-9.68%	-4.94%
Net Nonoperating Expense Percent (NNEP)	-7.27%	-1.56%	-2.20%
Return On Investment Capital (ROIC_SIMPLE)	-4.98%	-3.57%	-1.98%
Cost of Revenue to Revenue	12.55%	11.96%	11.94%
SG&A Expenses to Revenue	11.76%	15.31%	15.78%
R&D to Revenue	58.31%	74.61%	66.97%
Operating Expenses to Revenue	84.22%	101.87%	95.12%
Earnings before Interest and Taxes (EBIT)	1.39	-13	-7.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.34	-8.71	-4.43
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.29	2.02	2.80
Price to Tangible Book Value (P/TBV)	2.97	2.64	3.61
Price to Revenue (P/Rev)	4.92	5.49	6.97
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.52	3.51	5.58
Enterprise Value to Revenue (EV/Rev)	3.82	3.89	5.46
Enterprise Value to EBITDA (EV/EBITDA)	49.29	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	332.52	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	66.51	0.00	168.11
Enterprise Value to Free Cash Flow (EV/FCFF)	12.98	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.53	-0.60	-0.60
Leverage Ratio	1.19	1.17	1.15
Compound Leverage Factor	3.60	0.71	0.42
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	8.29	9.07	11.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	5.34	7.79	7.09
Quick Ratio	4.87	6.93	6.51
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	35	-15	-1.96
Operating Cash Flow to CapEx	197.89%	-219.52%	117.46%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.38	0.32	0.35
Accounts Receivable Turnover	4.21	3.24	3.17
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	18.01	14.59	15.72
Accounts Payable Turnover	9.11	7.73	11.20
Days Sales Outstanding (DSO)	86.69	112.66	115.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	40.08	47.21	32.58
Cash Conversion Cycle (CCC)	46.61	65.45	82.65
Capital & Investment Metrics	-	-	-
Invested Capital	102	108	105
Invested Capital Turnover	0.96	0.93	1.01
Increase / (Decrease) in Invested Capital	-48	5.95	-3.32
Enterprise Value (EV)	461	379	583
Market Capitalization	593	535	745
Book Value per Share	$11.16	$11.22	$11.28
Tangible Book Value per Share	$8.61	$8.62	$8.73
Total Capital	259	264	267
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-133	-156	-162
Capital Expenditures (CapEx)	3.50	2.88	2.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	27	24
Debt-free Net Working Capital (DFNWC)	144	182	186
Net Working Capital (NWC)	144	182	186
Net Nonoperating Expense (NNE)	10	2.45	3.50
Net Nonoperating Obligations (NNO)	-157	-156	-162
Total Depreciation and Amortization (D&A)	7.96	4.76	3.21
Debt-free, Cash-free Net Working Capital to Revenue	10.08%	27.20%	22.63%
Debt-free Net Working Capital to Revenue	119.71%	187.32%	173.76%
Net Working Capital to Revenue	119.71%	187.32%	173.76%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.00)	($0.51)	($0.37)
Adjusted Weighted Average Basic Shares Outstanding	23.17M	23.48M	23.61M
Adjusted Diluted Earnings per Share	($1.00)	($0.51)	($0.37)
Adjusted Weighted Average Diluted Shares Outstanding	23.17M	23.48M	23.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.42M	23.63M	23.81M
Normalized Net Operating Profit after Tax (NOPAT)	5.22	-9.43	-5.28
Normalized NOPAT Margin	4.33%	-9.68%	-4.94%
Pre Tax Income Margin	3.48%	-8.42%	-2.58%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-29.27%	-51.89%	-96.24%

This table displays calculated financial ratios and metrics derived from CEVA's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.36%	-8.88%	-23.64%	-30.95%	-19.89%	5.29%	-15.95%	24.06%	13.02%	20.95%
EBITDA Growth	-123.36%	2.20%	-192.04%	-456.02%	-82.53%	-125.04%	-197.37%	127.94%	-78.77%	150.05%
EBIT Growth	-266.12%	14.45%	-312.82%	-468.37%	9.13%	-146.59%	-83.41%	98.30%	-1.80%	102.84%
NOPAT Growth	-861.37%	71.52%	-659.83%	-1,835.87%	-15.18%	-126.33%	-89.31%	100.21%	3.42%	102.66%
Net Income Growth	-13,255.69%	-49.97%	-187.26%	-418.08%	77.78%	94.28%	-11.82%	95.00%	73.55%	-146.06%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-71.63%	-69.04%	-151.67%	41.00%	-170.50%	41.73%	-44.80%	149.72%	131.15%	67.09%
Free Cash Flow Firm Growth	779.38%	1,289.21%	164.24%	16.58%	-78.89%	-114.17%	-58.69%	52.34%	-127.36%	142.71%
Invested Capital Growth	-24.28%	-32.16%	-10.38%	-11.41%	-8.05%	5.84%	-6.89%	-15.33%	0.28%	-3.08%
Revenue Q/Q Growth	-9.47%	-23.64%	14.45%	-12.72%	5.02%	0.37%	-8.65%	28.84%	-4.33%	7.41%
EBITDA Q/Q Growth	-171.95%	1,037.15%	-117.00%	-210.66%	63.11%	-28.57%	-101.83%	129.19%	-336.03%	136.00%
EBIT Q/Q Growth	-192.82%	306.93%	-147.00%	-99.56%	53.19%	-6.10%	-85.04%	98.15%	-2,698.92%	102.96%
NOPAT Q/Q Growth	-754.71%	548.78%	-124.75%	-103.93%	49.15%	-2.58%	-77.97%	100.22%	-23,779.26%	102.82%
Net Income Q/Q Growth	-1,886.11%	108.70%	-351.13%	-19.42%	14.80%	176.03%	-244.55%	94.66%	-350.52%	-32.42%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	122.40%	86.90%	-249.47%	5.69%	73.24%	475.72%	-252.71%	132.38%	-83.24%	1,915.54%
Free Cash Flow Firm Q/Q Growth	224.09%	49.57%	-76.51%	2.39%	-41.32%	-200.42%	137.69%	277.55%	-110.54%	256.74%
Invested Capital Q/Q Growth	-19.23%	-16.01%	26.43%	3.29%	-16.17%	-3.32%	4.95%	-6.08%	-0.70%	-6.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.16%	116.38%	86.64%	84.63%	90.21%	90.65%	88.66%	89.69%	85.44%	88.46%
EBITDA Margin	-2.71%	33.20%	-4.93%	-17.55%	-6.16%	-7.90%	-17.45%	3.95%	-9.75%	3.27%
Operating Margin	-7.85%	26.42%	-9.98%	-23.31%	-11.29%	-11.53%	-22.47%	-0.12%	-9.64%	0.25%
EBIT Margin	-9.36%	25.38%	-10.42%	-23.83%	-10.62%	-11.23%	-22.74%	-0.33%	-9.57%	0.26%
Profit (Net Income) Margin	-74.22%	8.45%	-18.55%	-25.38%	-20.59%	15.60%	-24.68%	-1.02%	-4.82%	-5.94%
Tax Burden Percent	824.24%	24.77%	380.03%	133.93%	303.55%	-398.41%	144.78%	-22.16%	431.25%	173,600.00%
Interest Burden Percent	96.16%	134.50%	46.84%	79.53%	63.86%	34.87%	74.96%	-1,411.83%	11.68%	-1.30%
Effective Tax Rate	0.00%	-22.23%	0.00%	0.00%	0.00%	0.00%	0.00%	122.16%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.79%	30.86%	-5.76%	-11.76%	-6.52%	-7.49%	-11.78%	0.02%	-6.15%	0.18%
ROIC Less NNEP Spread (ROIC-NNEP)	12.41%	34.73%	-3.46%	-10.09%	-4.31%	-11.14%	-10.33%	0.24%	-6.50%	1.30%
Return on Net Nonoperating Assets (RNNOA)	-5.71%	-18.36%	1.71%	4.71%	2.33%	6.67%	5.40%	-0.13%	3.72%	-0.78%
Return on Equity (ROE)	-10.50%	12.50%	-4.05%	-7.05%	-4.19%	-0.82%	-6.37%	-0.10%	-2.43%	-0.60%
Cash Return on Invested Capital (CROIC)	16.56%	28.12%	8.27%	10.00%	13.68%	-14.65%	-1.75%	10.63%	-6.80%	-1.84%
Operating Return on Assets (OROA)	-3.76%	9.61%	-3.63%	-7.86%	-3.46%	-3.57%	-6.92%	-0.11%	-3.24%	0.09%
Return on Assets (ROA)	-29.77%	3.20%	-6.46%	-8.37%	-6.71%	4.96%	-7.51%	-0.34%	-1.63%	-2.07%
Return on Common Equity (ROCE)	-10.50%	12.50%	-4.05%	-7.05%	-4.19%	-0.82%	-6.37%	-0.10%	-2.43%	-0.60%
Return on Equity Simple (ROE_SIMPLE)	-8.42%	0.00%	-10.14%	-12.01%	-5.34%	0.00%	-4.75%	-2.63%	-1.23%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.65	7.41	-1.83	-3.74	-1.90	-1.95	-3.47	0.01	-1.84	0.05
NOPAT Margin	-5.50%	32.30%	-6.98%	-16.32%	-7.90%	-8.07%	-15.73%	0.03%	-6.75%	0.18%
Net Nonoperating Expense Percent (NNEP)	-17.19%	-3.86%	-2.29%	-1.67%	-2.21%	3.65%	-1.45%	-0.22%	0.35%	-1.12%
Return On Investment Capital (ROIC_SIMPLE)	-	2.86%	-	-	-	-0.74%	-	-	-	0.02%
Cost of Revenue to Revenue	18.84%	-16.38%	13.36%	15.37%	9.79%	9.35%	11.34%	10.31%	14.56%	11.54%
SG&A Expenses to Revenue	10.83%	15.95%	14.57%	17.06%	14.99%	14.76%	16.18%	12.44%	17.06%	17.54%
R&D to Revenue	54.87%	61.36%	71.11%	78.77%	74.00%	75.10%	81.51%	65.96%	66.12%	57.75%
Operating Expenses to Revenue	89.01%	89.96%	96.62%	107.94%	101.50%	102.19%	111.13%	89.81%	95.09%	88.21%
Earnings before Interest and Taxes (EBIT)	-2.81	5.82	-2.74	-5.46	-2.56	-2.71	-5.02	-0.09	-2.60	0.08
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.81	7.62	-1.30	-4.02	-1.48	-1.91	-3.85	1.12	-2.65	0.96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.42	2.29	2.74	2.31	1.79	2.02	2.05	1.72	2.15	2.80
Price to Tangible Book Value (P/TBV)	3.59	2.97	3.98	3.42	2.35	2.64	2.67	2.24	2.79	3.61
Price to Revenue (P/Rev)	4.96	4.92	6.34	5.86	4.76	5.49	5.76	4.61	5.61	6.97
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.94	4.52	4.51	3.55	3.01	3.51	3.29	2.69	3.73	5.58
Enterprise Value to Revenue (EV/Rev)	3.90	3.82	5.17	4.63	3.50	3.89	4.23	3.08	4.11	5.46
Enterprise Value to EBITDA (EV/EBITDA)	41.79	49.29	87.58	317.80	412.06	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	163.82	332.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	54.54	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	33.01	66.51	0.00	0.00	0.00	0.00	0.00	0.00	1,728.21	168.11
Enterprise Value to Free Cash Flow (EV/FCFF)	20.51	12.98	51.54	33.37	21.11	0.00	0.00	23.24	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.01	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.00
Financial Leverage	-0.46	-0.53	-0.49	-0.47	-0.54	-0.60	-0.52	-0.53	-0.57	-0.60
Leverage Ratio	1.17	1.19	1.20	1.16	1.16	1.17	1.17	1.15	1.15	1.15
Compound Leverage Factor	1.13	1.60	0.56	0.93	0.74	0.41	0.88	-16.23	0.13	-0.02
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.29%	2.07%	0.98%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.98%	0.97%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	1.10%	0.98%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	97.71%	97.93%	99.02%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.55	-0.91	-0.36	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	12.63	24.68	21.10	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	-0.31	-0.48	-0.36	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.56	-0.76	-0.36	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	12.86	20.55	21.11	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-0.32	-0.40	-0.36	0.00
Altman Z-Score	9.71	8.34	9.36	9.59	7.96	9.18	9.27	8.58	9.86	11.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.10	5.34	5.15	6.71	6.67	7.79	7.69	8.30	7.60	7.09
Quick Ratio	5.59	4.87	4.73	6.01	5.93	6.93	6.79	7.68	7.03	6.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	37	56	13	13	7.87	-7.90	5.41	20	-2.15	3.38
Operating Cash Flow to CapEx	221.32%	590.61%	-4,834.29%	-425.13%	-143.61%	632.46%	-813.05%	391.45%	96.38%	781.54%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.38	0.35	0.33	0.33	0.32	0.30	0.33	0.34	0.35
Accounts Receivable Turnover	4.60	4.21	3.84	3.42	3.33	3.24	2.72	2.92	2.92	3.17
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	17.29	18.01	15.47	14.12	13.64	14.59	13.46	14.40	14.97	15.72
Accounts Payable Turnover	10.49	9.11	4.90	5.34	3.83	7.73	5.87	9.15	7.33	11.20
Days Sales Outstanding (DSO)	79.27	86.69	94.96	106.87	109.70	112.66	134.37	124.80	124.85	115.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	34.80	40.08	74.52	68.33	95.37	47.21	62.14	39.87	49.81	32.58
Cash Conversion Cycle (CCC)	44.46	46.61	20.44	38.54	14.33	65.45	72.23	84.93	75.04	82.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	121	102	129	133	112	108	120	113	112	105
Invested Capital Turnover	0.87	0.96	0.82	0.72	0.83	0.93	0.75	0.80	0.91	1.01
Increase / (Decrease) in Invested Capital	-39	-48	-15	-17	-9.77	5.95	-8.88	-20	0.32	-3.32
Enterprise Value (EV)	479	461	582	473	337	379	394	304	418	583
Market Capitalization	609	593	713	598	458	535	537	455	572	745
Book Value per Share	$10.86	$11.16	$11.10	$11.04	$10.86	$11.22	$11.10	$11.19	$11.22	$11.28
Tangible Book Value per Share	$7.32	$8.61	$7.65	$7.47	$8.26	$8.62	$8.52	$8.61	$8.67	$8.73
Total Capital	252	259	260	259	257	264	269	269	268	267
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	6.16	5.58	2.63	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	3.53	2.96	2.63	0.00
Net Debt	-131	-133	-131	-125	-122	-156	-142	-151	-154	-162
Capital Expenditures (CapEx)	0.82	0.58	0.11	1.13	0.89	0.76	0.90	0.61	0.41	1.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	12	15	24	24	27	34	29	27	24
Debt-free Net Working Capital (DFNWC)	143	144	146	149	146	182	182	185	183	186
Net Working Capital (NWC)	143	144	146	149	146	182	179	182	183	186
Net Nonoperating Expense (NNE)	21	5.47	3.04	2.08	3.06	-5.72	1.98	0.30	-0.53	1.79
Net Nonoperating Obligations (NNO)	-131	-157	-131	-125	-145	-156	-142	-151	-154	-162
Total Depreciation and Amortization (D&A)	2.00	1.80	1.44	1.44	1.07	0.81	1.17	1.22	-0.05	0.88
Debt-free, Cash-free Net Working Capital to Revenue	10.50%	10.08%	13.25%	23.42%	25.27%	27.20%	35.99%	28.96%	26.39%	22.63%
Debt-free Net Working Capital to Revenue	116.52%	119.71%	129.41%	145.96%	151.32%	187.32%	194.84%	187.25%	179.62%	173.76%
Net Working Capital to Revenue	116.52%	119.71%	129.41%	145.96%	151.32%	187.32%	192.01%	184.60%	179.62%	173.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.96)	$0.08	($0.21)	($0.25)	($0.21)	$0.16	($0.23)	($0.01)	($0.06)	($0.07)
Adjusted Weighted Average Basic Shares Outstanding	23.21M	23.17M	23.33M	23.48M	23.61M	23.48M	23.51M	23.63M	23.68M	23.61M
Adjusted Diluted Earnings per Share	($0.96)	$0.00	($0.21)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	23.21M	23.17M	23.33M	23.63M	23.56M	23.48M	23.58M	23.69M	23.63M	23.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.19M	23.42M	23.42M	23.63M	23.56M	23.63M	23.58M	23.69M	23.63M	23.81M
Normalized Net Operating Profit after Tax (NOPAT)	0.84	4.24	-1.83	-3.74	-1.90	-1.95	-3.47	-0.02	-1.84	0.05
Normalized NOPAT Margin	2.79%	18.50%	-6.98%	-16.32%	-7.90%	-8.07%	-15.73%	-0.09%	-6.75%	0.18%
Pre Tax Income Margin	-9.01%	34.13%	-4.88%	-18.95%	-6.78%	-3.92%	-17.05%	4.62%	-1.12%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-31.94%	-29.27%	0.00%	-7.50%	-21.91%	-51.89%	-59.75%	-136.26%	-323.56%	-96.24%

Frequently Asked Questions About CEVA's Financials

When does CEVA's financial year end?

According to the most recent income statement we have on file, CEVA's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CEVA's net income changed over the last 2 years?

CEVA's net income appears to be on a downward trend, with a most recent value of -$8.79 million in 2024, falling from -$23.18 million in 2022. The previous period was -$11.88 million in 2023.

What is CEVA's operating income?

CEVA's total operating income in 2024 was -$7.55 million, based on the following breakdown:

Total Gross Profit: $94.17 million
Total Operating Expenses: $101.72 million

How has CEVA revenue changed over the last 2 years?

Over the last 2 years, CEVA's total revenue changed from $120.58 million in 2022 to $106.94 million in 2024, a change of -11.3%.

How much debt does CEVA have?

CEVA's total liabilities were at $42.39 million at the end of 2024, a 6.7% increase from 2023, and a 14.5% decrease since 2022.

How much cash does CEVA have?

In the past 2 years, CEVA's cash and equivalents has ranged from $18.50 million in 2024 to $23.29 million in 2023, and is currently $18.50 million as of their latest financial filing in 2024.

How has CEVA's book value per share changed over the last 2 years?

Over the last 2 years, CEVA's book value per share changed from 11.16 in 2022 to 11.28 in 2024, a change of 1.1%.

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This page (NASDAQ:CEVA) was last updated on 4/16/2025 by MarketBeat.com Staff

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CEVA (CEVA) Financials

Frequently Asked Questions About CEVA's Financials

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CEVA (CEVA) Financials

Annual Income Statements for CEVA

Quarterly Income Statements for CEVA

Annual Cash Flow Statements for CEVA

Quarterly Cash Flow Statements for CEVA

Annual Balance Sheets for CEVA

Quarterly Balance Sheets for CEVA

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Quarterly Metrics and Ratios for CEVA

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