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Forensic Analysis · Fabless · as of Nov 11, 2026

Nve Corp /New/ (NVEC)

A forensic read on Nve Corp /New/ built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
19.8
Distress distance
Clean
Earnings quality
1
Forensic signals
25.2%
ROE
1.8%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Nve Corp /New/ earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 19.8, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by shareholder returns.

What the filings flag

134% of FCF
FY2026
Shareholder returns. Returned $19M to shareholders (buybacks + dividends) in FY2026 — 134% of free cash flow. That is $5M (34%) more than free cash flow covered, and more than operating cash flow as well. It came out of the balance sheet's own liquid holdings, not new debt: cash, short-term investments and long-term marketable securities fell $5M over FY2026. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely.

Key fundamentals

Latest Revenue$26.3M
Revenue Growth YoY+1.8%
Revenue CAGR (2yr)-6.0%
Net Margin57.7%
Free Cash Flow$14.5M
Return on Equity25.2%

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Data from SEC EDGAR public filings · metrics as of Nov 11, 2026. Forensic signals flag probability, not certainty.

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