Cash flow CEVA, Inc.

Stocks

CEVA

US1572101053

Semiconductors

Real-time Estimate Cboe BZX Other stock markets 12:16:04 2026-06-11 pm EDT			5-day change	1st Jan Change
43.16 ^USD	+5.06%		-12.81%	+100.88%

May. 12	UBS Adjusts Price Target on CEVA to $48 From $42, Maintains Buy Rating	MT
May. 12	Oppenheimer Adjusts CEVA Price Target to $42 From $30, Maintains Outperform Rating	MT

61eb6c425.SG1XL7yRYWEvrLUG0J71OWZALgzylJO2AbZtJsR9BM4.MTkFRvqkAAJf__RM6dGRQFFwQ2ihzevGdsUFY4I6RpYsVTpGj-s3JhbbhQ

Published financial data: CEVA, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	123M	135M	97.42M	107M	110M
Total Revenues	123M	135M	97.42M	107M	110M
Cost of Goods Sold, Total	16.83M	27.05M	11.65M	12.77M	14.16M
Gross Profit	106M	108M	85.77M	94.17M	95.44M
Selling General & Admin Expenses, Total	26.19M	28.22M	24.98M	29.5M	31.36M
R&D Expenses	72.5M	78.5M	72.69M	71.62M	74.83M
Amortization of Goodwill and Intangible Assets - (IS)	2.71M	2.72M	594K	599K	598K
Other Operating Expenses, Total	101M	109M	98.27M	102M	107M
Operating Income	4.48M	-1.85M	-12.5M	-7.54M	-11.35M
Interest And Investment Income	1.87M	3.19M	4.36M	4.95M	5.5M
Net Interest Expenses	1.87M	3.19M	4.36M	4.95M	5.5M
Currency Exchange Gains (Loss)	-1.27M	74K	688K	-1.01M	607K
EBT, Excl. Unusual Items	5.08M	1.41M	-7.45M	-3.6M	-5.24M
Merger & Related Restructuring Charges	-970K	-	-970K	-	-
Gain (Loss) On Sale Of Investments	1.58M	-2.96M	212K	842K	554K
Asset Writedown	-	-3.56M	-	-	-
EBT, Incl. Unusual Items	5.69M	-5.11M	-8.2M	-2.76M	-4.69M
Income Tax Expense	5.29M	18.08M	10.23M	6.03M	5.95M
Earnings From Continuing Operations	396K	-23.18M	-18.44M	-8.79M	-10.64M
Earnings Of Discontinued Operations	-	-	6.56M	-	-
Net Income to Company	396K	-23.18M	-11.88M	-8.79M	-10.64M
Net Income - (IS)	396K	-23.18M	-11.88M	-8.79M	-10.64M
Net Income to Common Incl Extra Items	396K	-23.18M	-11.88M	-8.79M	-10.64M
Net Income to Common Excl. Extra Items	396K	-23.18M	-18.44M	-8.79M	-10.64M
Per Share Items
Net EPS - Basic	0.02	-1	-0.51	-0.37	-0.44
Basic EPS - Continuing Operations	0.02	-1	-0.79	-0.37	-0.44
Basic Weighted Average Shares Outstanding	22.82M	23.17M	23.48M	23.61M	24.3M
Net EPS - Diluted	0.02	-1	-0.51	-0.37	-0.44
Diluted EPS - Continuing Operations	0.02	-1	-0.79	-0.37	-0.44
Diluted Weighted Average Shares Outstanding	23.25M	23.17M	23.48M	23.61M	24.3M
Normalized Basic EPS	0.14	0.04	-0.2	-0.1	-0.13
Normalized Diluted EPS	0.14	0.04	-0.2	-0.1	-0.13
Supplemental Items
EBITDA	11.46M	5.71M	-7.61M	-3.41M	-7.08M
EBITA	8.28M	2.52M	-10.5M	-6.46M	-10.51M
EBIT	4.48M	-1.85M	-12.5M	-7.54M	-11.35M
EBITDAR	14.55M	9M	-4.65M	-646K	-4.29M
Total Revenues (As Reported)	123M	135M	97.42M	107M	110M
Effective Tax Rate - (Ratio)	93.04	-353.86	-124.7	-218.91	-126.82
Current Domestic Taxes	5K	949K	-1.23M	43K	-
Current Foreign Taxes	11.77M	6.65M	7.67M	6.06M	4.89M
Total Current Taxes	11.78M	7.6M	6.44M	6.1M	4.89M
Deferred Domestic Taxes	-1.54M	-4.42M	4.43M	-	-
Deferred Foreign Taxes	-4.95M	14.9M	-636K	-69K	1.06M
Total Deferred Taxes	-6.48M	10.48M	3.79M	-69K	1.06M
Normalized Net Income	3.18M	882K	-4.65M	-2.25M	-3.28M
Non-Cash Pension Expense	1.94M	2.71M	2.12M	1.84M	2.33M
Supplemental Operating Expense Items
Advertising Expense	623K	-	-	795K	872K
Selling and Marketing Expenses	12.86M	12.9M	11.04M	12.62M	13.26M
General and Administrative Expenses	13.33M	15.32M	13.94M	16.88M	18.09M
Research And Development Expense From Footnotes	78.4M	85.5M	76.87M	74.53M	79.43M
Net Rental Expense, Total	3.08M	3.29M	2.97M	2.76M	2.79M
Stock-Based Comp., COGS (Total)	818K	1.46M	826K	713K	679K
Stock-Based Comp., R&D Exp. (Total)	7.29M	8.54M	9.13M	9.3M	10.55M
Stock-Based Comp., S&M Exp. (Total)	1.63M	1.55M	1.78M	1.8M	2.4M
Stock-Based Comp., G&A Exp. (Total)	3.32M	2.95M	3.8M	3.76M	6.17M
Total Stock-Based Compensation	13.06M	14.5M	15.53M	15.58M	19.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	33.15M	21.28M	23.29M	18.5M	40.59M
Short Term Investments	122M	118M	143M	145M	181M
Total Cash And Short Term Investments	155M	139M	167M	164M	222M
Accounts Receivable, Total	27.45M	31.25M	30.31M	37.21M	49.36M
Total Receivables	27.45M	31.25M	30.31M	37.21M	49.36M
Prepaid Expenses	6.61M	6.88M	11.54M	15.49M	13.48M
Other Current Assets, Total	63K	13K	988K	-	21K
Total Current Assets	189M	178M	209M	216M	285M
Gross Property Plant And Equipment	37.62M	41.89M	39.23M	36.81M	50.86M
Accumulated Depreciation	-22.02M	-24.51M	-25.52M	-24.12M	-26.32M
Net Property Plant And Equipment	15.59M	17.38M	13.71M	12.69M	24.54M
Long-term Investments	2.92M	8.61M	406K	312K	55K
Goodwill	74.78M	74.78M	58.31M	58.31M	58.31M
Other Intangibles, Total	14.61M	6.68M	2.97M	1.88M	1.04M
Accounts Receivable Long-Term	-	-	-	2.58M	1.18M
Deferred Tax Assets Long-Term	15.85M	8.6M	1.61M	1.46M	257K
Other Long-Term Assets, Total	15.93M	14.77M	17.71M	15.38M	18.04M
Total Assets	329M	308M	304M	309M	388M
Liabilities
Accounts Payable, Total	1.46M	2M	1.15M	1.12M	2.42M
Accrued Expenses, Total	19.51M	20.13M	16.29M	19.17M	17.13M
Current Portion of Leases	3.27M	2.98M	2.51M	2.6M	1.74M
Current Income Taxes Payable	420K	2.55M	1.92M	1.71M	1.49M
Unearned Revenue Current, Total	9.46M	4.09M	3.91M	4.61M	4.04M
Other Current Liabilities	1.31M	1.54M	1.09M	1.31M	1.87M
Total Current Liabilities	35.44M	33.28M	26.89M	30.53M	28.68M
Long-Term Leases	5.13M	6.7M	3.94M	2.96M	14.39M
Other Non Current Liabilities	11.36M	9.59M	8.91M	8.9M	8.73M
Total Liabilities	51.93M	49.57M	39.74M	42.39M	51.8M
Common Stock, Total	23K	23K	23K	24K	28K
Additional Paid In Capital	235M	243M	252M	260M	338M
Retained Earnings	55.48M	32.16M	20.17M	11.19M	-24K
Treasury Stock	-13.79M	-9.9M	-5.62M	-3.22M	-1.59M
Comprehensive Income and Other	-372K	-6.25M	-2.33M	-1.33M	79K
Total Common Equity	277M	259M	264M	267M	336M
Total Equity	277M	259M	264M	267M	336M
Total Liabilities And Equity	329M	308M	304M	309M	388M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.2M	23.42M	23.63M	23.81M	27.75M
ECS Total Common Shares Outstanding	22.98M	23.22M	23.44M	23.63M	27.51M
Book Value / Share	12.04	11.15	11.28	11.28	12.23
Tangible Book Value	187M	177M	203M	206M	277M
Tangible Book Value Per Share	8.15	7.64	8.66	8.73	10.07
Total Debt	8.4M	9.68M	6.46M	5.56M	16.13M
Net Debt	-149M	-130M	-160M	-158M	-206M
Debt Equivalent of Unfunded Proj. Benefit Obligation	376K	589K	454K	204K	160K
Debt Equivalent Oper. Leases	24.68M	26.3M	23.74M	22.1M	22.3M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	24.61M	26.95M	27.89M	26.61M	29.38M
Full Time Employees	476	485	424	428	424
Accumulated Allowance for Doubtful Accounts (Supple)	288K	313K	288K	2.63M	288K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	396K	-23.18M	-11.88M	-8.79M	-10.64M
Depreciation & Amortization - CF	3.18M	3.19M	2.89M	3.05M	3.44M
Amortization of Goodwill and Intangible Assets - (CF)	3.8M	4.37M	2M	1.09M	833K
Depreciation & Amortization, Total	6.98M	7.56M	4.88M	4.14M	4.27M
(Gain) Loss on Sale of Investments - (CF)	-1.58M	2.96M	-11.77M	-842K	-554K
Asset Writedown & Restructuring Costs	-	3.56M	-	-	-
Stock-Based Compensation (CF)	13.06M	14.5M	16.2M	15.58M	19.8M
Other Operating Activities, Total	1.16M	-351K	-560K	1.11M	-1.03M
Change In Accounts Receivable	5.84M	-3.75M	-25K	-6.78M	-11.85M
Change In Accounts Payable	404K	511K	-818K	-261K	552K
Change in Unearned Revenues	5.05M	-5.49M	-27K	581K	-103K
Change In Income Taxes	189K	2.13M	67K	-221K	-706K
Change In Deferred Taxes	-6.3M	7.81M	6.68M	-68K	1.06M
Change in Other Net Operating Assets	598K	666K	-9.09M	-974K	-4.15M
Cash from Operations	25.8M	6.92M	-6.33M	3.47M	-3.36M
Capital Expenditure	-2.19M	-3.5M	-2.88M	-3.71M	-2.92M
Cash Acquisitions	-29.89M	-	-3.6M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	15.38M	-11.62M	17.32M	1.26M	-31.08M
Cash from Investing	-16.71M	-15.12M	10.84M	-2.45M	-34M
Issuance of Common Stock	3.24M	3.48M	3.39M	2.88M	66.48M
Repurchase of Common Stock	-	-6.78M	-6.16M	-8.46M	-7.15M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	3.24M	-3.31M	-2.77M	-5.57M	59.34M
Foreign Exchange Rate Adjustments	-327K	-370K	267K	-241K	107K
Net Change in Cash	12.01M	-11.87M	2M	-4.79M	22.09M
Supplemental Items
Cash Income Tax Paid (Refund)	9.18M	10.19M	7.4M	6.26M	4.18M
Levered Free Cash Flow	30.91M	11.51M	-23.62K	4.98M	2.91M
Unlevered Free Cash Flow	30.91M	11.51M	-23.62K	4.98M	2.91M
Change In Net Working Capital	-10.26M	5.9M	9.74M	6.31M	11.15M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.88	-0.36	-2.55	-1.54	-2.03
Return on Total Capital	1.01	-0.42	-2.91	-1.74	-2.27
Return On Equity %	0.15	-8.66	-7.05	-3.31	-3.53
Return on Common Equity	0.15	-8.66	-7.05	-3.31	-3.53
Margin Analysis
Gross Profit Margin %	86.29	79.91	88.04	88.06	87.08
SG&A Margin	21.34	20.96	25.65	27.59	28.61
EBITDA Margin %	9.34	4.24	-7.82	-3.19	-6.46
EBITA Margin %	6.75	1.87	-10.78	-6.04	-9.59
EBIT Margin %	3.65	-1.38	-12.83	-7.06	-10.35
Income From Continuing Operations Margin %	0.32	-17.22	-18.93	-8.22	-9.71
Net Income Margin %	0.32	-17.22	-12.19	-8.22	-9.71
Net Avail. For Common Margin %	0.32	-17.22	-18.93	-8.22	-9.71
Normalized Net Income Margin	2.59	0.65	-4.78	-2.1	-2.99
Levered Free Cash Flow Margin	25.19	8.55	-0.02	4.66	2.65
Unlevered Free Cash Flow Margin	25.19	8.55	-0.02	4.66	2.65
Asset Turnover
Asset Turnover	0.39	0.42	0.32	0.35	0.31
Fixed Assets Turnover	7.61	8.17	6.76	8.1	5.89
Receivables Turnover (Average Receivables)	4.18	4.59	3.24	3.17	2.53
Short Term Liquidity
Current Ratio	5.33	5.34	7.79	7.09	9.93
Quick Ratio	5.14	5.13	7.32	6.58	9.46
Operating Cash Flow to Current Liabilities	0.73	0.21	-0.24	0.11	-0.12
Days Sales Outstanding (Average Receivables)	87.26	79.56	112.66	115.54	144.14
Average Days Payable Outstanding	25.57	23.34	47.21	32.66	45.67
Long Term Solvency
Total Debt/Equity	3.04	3.74	2.44	2.09	4.79
Total Debt / Total Capital	2.95	3.61	2.38	2.04	4.58
LT Debt/Equity	1.85	2.59	1.49	1.11	4.28
Long-Term Debt / Total Capital	1.8	2.5	1.46	1.09	4.08
Total Liabilities / Total Assets	15.8	16.07	13.07	13.72	13.34
Total Debt / EBITDA	0.58	1.08	-1.39	-8.61	-3.76
Net Debt / EBITDA	-10.27	-14.47	34.54	245.19	48
Total Debt / (EBITDA - Capex)	0.68	1.76	-0.86	-1.28	-2.24
Net Debt / (EBITDA - Capex)	-12.09	-23.69	21.31	36.38	28.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.31	9.73	-19.21	9.77	2.49
Gross Profit, 1 Yr. Growth %	18.2	1.62	-18.66	9.79	1.35
EBITDA, 1 Yr. Growth %	126.63	-50.21	-150.72	-63.86	107.6
EBITA, 1 Yr. Growth %	353.64	-69.59	-188.82	-47.6	62.87
EBIT, 1 Yr. Growth %	-686.89	-141.38	-267.7	-43.48	50.38
Earnings From Cont. Operations, 1 Yr. Growth %	-116.65	-5.95K	32.85	-52.35	21.08
Net Income, 1 Yr. Growth %	-116.65	-5.95K	-48.76	-26.03	21.08
Normalized Net Income, 1 Yr. Growth %	71.05	-72.24	-169.49	-56.66	45.79
Diluted EPS Before Extra, 1 Yr. Growth %	-115.78	-5.87K	31.67	-52.9	18.25
Accounts Receivable, 1 Yr. Growth %	-12.09	13.85	1.6	22.77	32.64
Net Property, Plant and Equip., 1 Yr. Growth %	-6.29	11.48	-9.26	-7.45	93.41
Total Assets, 1 Yr. Growth %	7.07	-6.15	-1.41	1.6	25.67
Tangible Book Value, 1 Yr. Growth %	-5.85	-5.3	1.69	1.63	34.28
Common Equity, 1 Yr. Growth %	6.07	-6.45	2.11	0.84	26.22
Cash From Operations, 1 Yr. Growth %	70.18	-73.17	-191.44	-154.83	-196.69
Capital Expenditures, 1 Yr. Growth %	-25.28	59.55	-17.58	28.57	-21.22
Levered Free Cash Flow, 1 Yr. Growth %	123.84	-62.76	-100.15	-427.28	-41.66
Unlevered Free Cash Flow, 1 Yr. Growth %	123.84	-62.76	-100.15	-427.28	-41.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.66	15.85	-7.49	-5.83	6.07
Gross Profit, 2 Yr. CAGR %	17.23	9.6	-8.95	-5.5	5.49
EBITDA, 2 Yr. CAGR %	73.52	6.23	-26.32	-52.35	-8.58
EBITA, 2 Yr. CAGR %	243.17	17.46	-1.58	-26.11	-3.77
EBIT, 2 Yr. CAGR %	75.01	55.84	33.23	0.62	-7.81
Earnings From Cont. Operations, 2 Yr. CAGR %	276.07	212.17	177.34	-20.43	-24.04
Net Income, 2 Yr. CAGR %	276.07	212.17	447.68	-38.44	-5.36
Normalized Net Income, 2 Yr. CAGR %	45.18	-31.09	-1.3	-42.06	-20.51
Diluted EPS Before Extra, 2 Yr. CAGR %	272	201.58	181.07	-21.25	-25.37
Accounts Receivable, 2 Yr. CAGR %	-1.53	0.04	5.08	11.69	27.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.28	2.21	-6.23	-8.36	33.79
Total Assets, 2 Yr. CAGR %	5.19	0.24	-3.81	0.08	13
Tangible Book Value, 2 Yr. CAGR %	0.18	-5.58	4.11	1.66	16.82
Common Equity, 2 Yr. CAGR %	4.97	-0.39	-2.26	1.47	12.82
Cash From Operations, 2 Yr. CAGR %	63.32	-32.43	-50.47	-29.2	-27.19
Capital Expenditures, 2 Yr. CAGR %	-20.4	9.19	14.68	2.94	0.64
Levered Free Cash Flow, 2 Yr. CAGR %	180.3	-8.7	-97.29	-42.93	128.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	180.3	-8.7	-97.29	-42.93	128.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.36	15.6	-0.98	-2.06	-3.13
Gross Profit, 3 Yr. CAGR %	14.83	11.78	-1.44	-3.09	-3.27
EBITDA, 3 Yr. CAGR %	57.9	14.45	14.61	-37.59	-22.17
EBITA, 3 Yr. CAGR %	1.3K	53	79.19	-15.87	-3.84
EBIT, 3 Yr. CAGR %	53.22	8.22	153.96	2.34	15.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.64	839.01	97.89	54.18	-8.48
Net Income, 3 Yr. CAGR %	-11.64	839.01	70.92	181	-22.87
Normalized Net Income, 3 Yr. CAGR %	19.04	-16.35	35.84	-22.22	-21.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.66	827.48	92.94	54.96	-9.82
Accounts Receivable, 3 Yr. CAGR %	1.62	3.35	-0.99	10.67	18.27
Net Property, Plant and Equip., 3 Yr. CAGR %	28.53	-2.83	-6.25	-6.64	17.55
Total Assets, 3 Yr. CAGR %	5.83	1.27	-0.31	-2.04	7.97
Tangible Book Value, 3 Yr. CAGR %	-1.59	-1.68	0.68	3.28	11.54
Common Equity, 3 Yr. CAGR %	4.02	1.01	0.44	-1.24	9.13
Cash From Operations, 3 Yr. CAGR %	44.17	-10.55	-25.26	-48.76	-21.45
Capital Expenditures, 3 Yr. CAGR %	-12.9	0.36	-0.58	19.13	-5.84
Levered Free Cash Flow, 3 Yr. CAGR %	101.91	43.03	-88.04	-46.24	-42.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	101.91	43.03	-88.04	-46.24	-42.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.05	9	4.58	4.18	1.78
Gross Profit, 5 Yr. CAGR %	9.73	5.96	4.17	4.1	1.28
EBITDA, 5 Yr. CAGR %	-7.6	-21.48	21.19	-2.18	6.95
EBITA, 5 Yr. CAGR %	-11.93	-31.83	411.47	55.81	41.94
EBIT, 5 Yr. CAGR %	-20.82	-34.92	58.61	38.85	71.58
Earnings From Cont. Operations, 5 Yr. CAGR %	-50.33	6.37	100.15	215.74	34.93
Net Income, 5 Yr. CAGR %	-50.33	6.37	83.3	215.74	34.93
Normalized Net Income, 5 Yr. CAGR %	-21.91	-41.2	19.84	8.33	12.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-50.93	5.93	97.86	212.23	31.95
Accounts Receivable, 5 Yr. CAGR %	12.78	13.63	2.99	5.62	9.59
Net Property, Plant and Equip., 5 Yr. CAGR %	26.54	20.21	13.3	-7.7	8.08
Total Assets, 5 Yr. CAGR %	6.27	2.19	1.86	0.79	4.81
Tangible Book Value, 5 Yr. CAGR %	2.96	-2	0.65	2.03	6.85
Common Equity, 5 Yr. CAGR %	5.52	1.13	1.46	1.2	5.22
Cash From Operations, 5 Yr. CAGR %	12.28	-22.31	-5.97	-18.54	-26.04
Capital Expenditures, 5 Yr. CAGR %	-1.68	-3.28	-2.77	1.39	-0.1
Levered Free Cash Flow, 5 Yr. CAGR %	28.06	-6.24	-63.71	4.83	-26.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	28.06	-6.24	-63.71	4.83	-26.78