Forensic Analysis · Technology / Software · as of Jun 27, 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
6.2
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-33.0%
ROE
$4.1B
Market cap
Navitas Semiconductor Corp earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 6.2, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
153dInventory days.Days inventory outstanding moved from 103 to 153 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%Return on invested capital.Return on invested capital is -40% and rising from -42% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+13.7%/yrShare-count dilution.Diluted share count changed +41% over the last 3 years to FY2025 (+13.7%/yr). The count is GROWING — existing holders are being diluted. That's ~13.7% 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 ~41%.
stoppedShareholder returns — halted.Capital returns have STOPPED — $550,000 of buybacks + dividends in FY2022, but ~$0 in FY2023. A halt usually means the company is conserving cash; understand why before reading it as neutral.
32% of revStock-based comp load.Stock-based compensation ran 32% of revenue in FY2025 — about $0.07 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-254.7%
Debt / Equity0.00x
Free Cash Flow$-44.4M
Latest Revenue$45.9M
Return on Equity-26.4%
Revenue Growth YoY-44.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Navitas Semiconductor Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about NVTS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown