A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
CEVA INC
CEVA
$879M
Mkt Cap
$36.35
-6.22%
CEVA INC (CEVA) has a 5-year average return on invested capital (ROIC) of -1.6%. This is below average and may indicate limited pricing power.
CEVA INC (CEVA) has a market capitalization of $879M. It is classified as a small-cap stock.
CEVA INC (CEVA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.81%.
CEVA INC (CEVA) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
CEVA INC (CEVA) reported annual revenue of $110 million in its most recent fiscal year, based on SEC EDGAR filings.
CEVA INC (CEVA) has a net profit margin of -9.7%. The company is currently unprofitable.
CEVA INC (CEVA) generated $-6 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
PART I Company Overview We are the leader in silicon and software intellectual property (“IP”) enabling Physical AI - the intelligence embedded directly into billions of devices that connect, sense, and infer data in the real world. Physical AI represents the natural evolution of Edge AI. While traditional Edge AI focuses on local inference on devices, Physical AI unifies connectivity, sensing, and inference into a cohesive technology fabric. This integrated approach allows devices not only to process information at the edge but also to understand their physical surroundings, communicate seamlessly, and interact intelligently with both the environment and the cloud. As Physical AI adoption accelerates across markets, these foundational layers are becoming essential for next‑generation consumer, automotive, industrial, and mobile systems.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 110M | 110M | 107M | 97M | 135M | 123M |
| Net Income | -11M | -11M | -8.8M | -12M | -23M | 396K |
| EPS | $-0.44 | $-0.44 | $-0.37 | $-0.51 | $-1.00 | $0.02 |
| Free Cash Flow | -6.3M | -6.3M | 516K | -9.2M | 3.4M | 24M |
| ROIC | -3.0% | -3.5% | -3.3% | -4.5% | 1.8% | 1.4% |
| Gross Margin | 87.1% | 87.1% | 88.1% | 88.0% | 68.3% | 78.0% |
| Debt/Equity | 0.00 | 0.15 | 0.16 | 0.15 | 0.19 | 0.19 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -11M | -11M | -7.5M | -13M | 3.9M | 3.5M |
| Operating Margin | -10.4% | -10.4% | -7.1% | -13.8% | 2.9% | 2.9% |
| ROE | -3.2% | -3.5% | -3.3% | -4.5% | -9.0% | 0.1% |
| Shares Outstanding | 24M | 24M | 24M | 23M | 23M | 20M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 51M | 59M | 73M | 88M | 78M | 87M | 100M | 123M | 135M | 97M | 107M | 110M | 110M |
| Gross Margin | 72.2% | 75.2% | 78.8% | 92.1% | 89.8% | 79.3% | 89.3% | 78.0% | 68.3% | 88.0% | 88.1% | 87.1% | 87.1% |
| R&D | 26M | 28M | 31M | 40M | 48M | 53M | 62M | 73M | 70M | 73M | 72M | 75M | 75M |
| SG&A | 8.1M | 8.2M | 8.6M | 10M | 10M | 12M | 14M | 14M | 14M | 15M | 17M | 18M | 18M |
| EBIT | 1.5M | 6.3M | 14M | 16M | -1.2M | -1.9M | -763K | 3.5M | 3.9M | -13M | -7.5M | -11M | -11M |
| Op. Margin | 2.9% | 10.6% | 19.8% | 18.1% | -1.6% | -2.2% | -0.8% | 2.9% | 2.9% | -13.8% | -7.1% | -10.4% | -10.4% |
| Net Income | -819K | 6.3M | 13M | 17M | 574K | 28K | -2.4M | 396K | -23M | -12M | -8.8M | -11M | -11M |
| Net Margin | -1.6% | 10.5% | 18.0% | 19.5% | 0.7% | 0.0% | -2.4% | 0.3% | -17.2% | -12.2% | -8.2% | -9.7% | -9.7% |
| Non-Recurring | 709K | 1.3M | 1.3M | 1.4M | 2.7M | 1.8M | 2.0M | 1.9M | 2.7M | 2.1M | 1.8M | 2.3M | 2.3M |
| Returns on Capital | |||||||||||||
| ROIC | 0.7% | 4.1% | 8.6% | 9.9% | 0.2% | 0.0% | -0.3% | 1.4% | 1.8% | -4.5% | -3.3% | -3.5% | -3.0% |
| ROE | -0.4% | 3.4% | 6.6% | 7.5% | 0.2% | 0.0% | -0.9% | 0.1% | -9.0% | -4.5% | -3.3% | -3.5% | -3.2% |
| ROA | -0.4% | 3.0% | 5.8% | 6.6% | 0.2% | 0.0% | -0.8% | 0.1% | -7.5% | -3.9% | -2.8% | -3.1% | -2.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 9.1M | 19M | 14M | 24M | 8.6M | 9.7M | 15M | 26M | 6.9M | -6.3M | 3.5M | -3.4M | -3.4M |
| Free Cash Flow | 7.7M | 17M | 12M | 20M | 5.3M | 6.2M | 12M | 24M | 3.4M | -9.2M | 516K | -6.3M | -6.3M |
| Owner Earnings | 2.7M | 13M | 5.6M | 13M | -4.7M | -4.1M | -1.7M | 9.6M | -11M | -25M | -15M | -27M | -27M |
| CapEx | 1.4M | 2.2M | 2.4M | 4.1M | 3.3M | 3.5M | 2.9M | 2.2M | 3.5M | 2.9M | 3.0M | 2.9M | 2.9M |
| Maint. CapEx | 1.4M | 2.4M | 2.6M | 3.3M | 2.9M | 3.1M | 3.2M | 3.2M | 3.2M | 2.9M | 3.0M | 3.4M | 3.4M |
| Growth CapEx | 15K | 0 | 0 | 885K | 404K | 357K | 0 | 0 | 309K | 0 | 0 | 0 | 0 |
| D&A | 1.4M | 2.4M | 2.6M | 3.3M | 2.9M | 3.1M | 3.2M | 3.2M | 3.2M | 2.9M | 3.0M | 3.4M | 3.4M |
| CapEx/OCF | 15.5% | 11.3% | 16.5% | 16.9% | 38.5% | 35.8% | 19.4% | 8.5% | 50.5% | N/A | 85.1% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 19M | 10M | 3.4M | 0 | 20M | 9.1M | 4.8M | 0 | 6.8M | 6.2M | 8.5M | 7.2M | 7.2M |
| Buyback Yield | 4.9% | 2.0% | 0.5% | N/A | 4.7% | 1.5% | 0.5% | N/A | 1.2% | 1.1% | 1.1% | 1.4% | 0.8% |
| Stock-Based Comp | 5.0M | 4.0M | 6.2M | 8.7M | 10M | 11M | 14M | 13M | 15M | 16M | 16M | 20M | 20M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -46M | -60M | -72M | -95M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -41M |
| Cash & Equiv. | 16M | 19M | 18M | 22M | 22M | 23M | 21M | 33M | 20M | 23M | 18M | 41M | 41M |
| Long-Term Debt | 8.0M | 7.6M | 8.3M | 9.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.04 | 0.04 | 0.04 | 0.04 | 0.13 | 0.18 | 0.18 | 0.19 | 0.19 | 0.15 | 0.16 | 0.15 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 179M | 186M | 212M | 245M | 246M | 251M | 261M | 277M | 259M | 264M | 267M | 336M | 336M |
| Total Assets | 207M | 213M | 242M | 277M | 277M | 297M | 307M | 329M | 308M | 304M | 309M | 388M | 388M |
| Total Liabilities | 28M | 27M | 31M | 32M | 31M | 46M | 46M | 52M | 50M | 40M | 42M | 52M | 52M |
| Intangibles | 5.5M | 4.2M | 3.0M | 1.7M | 2.7M | 13M | 11M | 15M | 2.4M | 3.0M | 1.9M | 1.0M | 1.0M |
| Retained Earnings | 25M | 30M | 39M | 54M | 63M | 62M | 57M | 55M | 32M | 20M | 11M | -24K | -24K |
| Working Capital | 94M | 87M | 122M | 136M | 156M | 152M | 139M | 154M | 144M | 182M | 186M | 256M | 256M |
| Current Assets | 114M | 106M | 145M | 159M | 177M | 179M | 168M | 189M | 178M | 209M | 216M | 285M | 285M |
| Current Liabilities | 20M | 19M | 23M | 23M | 22M | 26M | 28M | 35M | 33M | 27M | 31M | 29M | 29M |
| Per Share Data | |||||||||||||
| EPS | -0.04 | 0.30 | 0.61 | 0.75 | 0.03 | 0.00 | -0.11 | 0.02 | -1.00 | -0.51 | -0.37 | -0.44 | -0.44 |
| Owner EPS | 0.13 | 0.62 | 0.26 | 0.55 | -0.24 | -0.18 | -0.08 | 0.48 | -0.46 | -1.09 | -0.64 | -1.10 | -1.10 |
| Book Value | 8.74 | 8.91 | 9.85 | 10.78 | 12.85 | 11.01 | 12.06 | 13.98 | 11.17 | 11.35 | 11.23 | 13.92 | 13.92 |
| Cash Flow/Share | 0.44 | 0.93 | 0.67 | 1.08 | 0.45 | 0.42 | 0.70 | 1.30 | 0.30 | -0.27 | 0.15 | -0.14 | -0.30 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 20.5M | 20.9M | 21.5M | 22.7M | 19.1M | 22.8M | 21.6M | 19.8M | 23.2M | 23.3M | 23.7M | 24.2M | 24.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 80.4 | 55.2 | 61.3 | 737.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -82.6 |
| P/FCF | 49.1 | 29.3 | 59.9 | 51.4 | 80.0 | 99.4 | 75.9 | 36.9 | 167.3 | N/A | N/A | N/A | N/A |
| EV/EBIT | 219.9 | 70.4 | 45.2 | 59.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.1 | 2.7 | 3.4 | 4.3 | 1.7 | 2.5 | 3.6 | 3.2 | 2.2 | 2.1 | 2.9 | 1.6 | 2.6 |
| Price/Sales | 6.4 | 7.2 | 8.0 | 10.7 | 8.0 | 7.1 | 7.6 | 8.0 | 6.4 | 6.0 | 5.1 | 5.6 | 8.0 |
| FCF Yield | 2.0% | 3.4% | 1.7% | 1.9% | 1.3% | 1.0% | 1.3% | 2.7% | 0.6% | -1.7% | 0.1% | -1.2% | -0.7% |
| Market Cap | 378M | 504M | 723M | 1.0B | 423M | 618M | 928M | 872M | 573M | 543M | 769M | 524M | 879M |
| Avg. Price | 15.79 | 20.52 | 27.20 | 41.10 | 32.49 | 27.01 | 35.03 | 49.56 | 33.48 | 25.06 | 22.86 | 25.57 | 36.35 |
| Year-End Price | 18.44 | 24.13 | 33.65 | 46.00 | 22.12 | 27.09 | 42.92 | 44.06 | 24.72 | 23.31 | 32.37 | 21.67 | 36.35 |
CEVA INC passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 81.9%. Total shareholder yield (buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is -39.9%.
CEVA INC (CEVA) has a debt-to-equity ratio of 0.15. This indicates a conservatively financed balance sheet.
CEVA INC (CEVA) reported earnings per share (EPS) of $-0.44 in its most recent fiscal year.
CEVA INC (CEVA) has a return on equity (ROE) of -3.5%. A negative ROE may indicate losses or negative equity.
CEVA INC (CEVA) has a 5-year average gross margin of 81.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for CEVA INC (CEVA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CEVA INC (CEVA) has a book value per share of $13.92, based on its most recent annual SEC filing.