Forensic Analysis · Semiconductors · as of Aug 11, 2026
Navitas Semiconductor Corp (NVTS)
A forensic read on Navitas Semiconductor Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
10.6
Distress distance
Clean
Earnings quality
5
Forensic signals
-10.4
P / E (ttm)
-26.4%
ROE
$3.5B
Market cap
0.00%
Dividend yield
-44.9%
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 (red flags, auditor quality, say on pay, board independence). 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.
Navitas Semiconductor Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 10.6, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
166d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 125 to 166 FY2024→FY2025 (against cost of goods sold; inventory -14% vs -42% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
-40.3%
FY2025
Return on invested capital.Return on invested capital is -40.3% in the latest fiscal year and slipping from -38% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+12.1%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +41% over the last 3 years to FY2025 (+12.1%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~12.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~29%.
32% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 32% of revenue in FY2025 — about $0.07 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 12.2% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
stopped
FY2022→FY2023
Shareholder returns — halted.
Key fundamentals
Latest Revenue$45.9M
Revenue Growth YoY-44.9%
Net Margin-254.7%
Free Cash Flow-$44.4M
Return on Equity-26.4%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Navitas Semiconductor Corp's actual 10-K/10-Q/8-K filings?