CEVA INC CEVA

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived Nasdaq

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.

Last close 28.62 2026-10-23
Market cap $805.8M 2026-06-30 share count
52-week range 17.02 - 51.60

Valuation FY2025 figures against the last close

P/S7.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.44

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Asia Pacific
  • United States
  • Europe and Middle East
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Asia Pacific, FY2025: 84M (76.7%) 77% Asia Pacific United States, FY2025: 19.3M (17.6%) 18% United States Europe and Middle East, FY2025: 6.3M (5.7%) 6% Other, FY2025: 0 (0.0%) FY2024 Asia Pacific, FY2024: 73.8M (69.0%) 69% United States, FY2024: 20.3M (19.0%) 19% Europe and Middle East, FY2024: 12.8M (12.0%) 12% Other, FY2024: 13K (0.0%) FY2023 Asia Pacific, FY2023: 75.7M (77.7%) 78% United States, FY2023: 9.6M (9.8%) 10% Europe and Middle East, FY2023: 12.2M (12.5%) 13% Other, FY2023: 0 (0.0%)
Region FY2025FY2024FY2023
Asia Pacific $84.0M $73.8M $75.7M
United States $19.3M $20.3M $9.6M
Europe and Middle East $6.3M $12.8M $12.2M
Other $0 $13.0K $0

As the company reported it, from the “Note 2 - Revenue Recognition - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Connectivity Products
  • Smart Sensing Products
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Connectivity Products, FY2025: 81.9M (74.8%) 75% Connectivity Products Smart Sensing Products, FY2025: 27.7M (25.2%) 25% Smart Sensing Products FY2024 Connectivity Products, FY2024: 90M (84.2%) 84% Smart Sensing Products, FY2024: 16.9M (15.8%) 16% FY2023 Connectivity Products, FY2023: 79.7M (81.8%) 82% Smart Sensing Products, FY2023: 17.7M (18.2%) 18%
Segment FY2025FY2024FY2023
Connectivity Products $81.9M $90.0M $79.7M
Smart Sensing Products $27.7M $16.9M $17.7M

As the company reported it, from the “Note 2 - Revenue Recognition - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $109.6M$106.9M$97.4M$120.6M$113.8M$100.3M$87.2M$77.9M$87.5M$72.7M
Cost of revenue $14.2M$12.8M$11.6M$15.1M$10.4M$10.7M$10.1M$8.0M$7.0M$6.1M
Gross profit $95.4M$94.2M$85.8M$105.5M$103.5M$89.6M$77.0M$69.9M$80.6M$66.6M
R&D $74.8M$71.6M$72.7M$70.3M$69.1M$62.0M$52.8M$47.8M$40.4M$30.8M
SG&A $18.1M$16.9M$14.9M$14.2M$12.8M$14.1M$11.8M$10.4M$10.5M$8.6M
Total operating expenses $106.8M$101.7M$99.2M$101.6M$96.4M$90.3M$79.0M$71.2M$64.7M$52.2M
Operating income -$11.3M-$7.5M-$13.5M$3.9M$7.0M-$763.0K-$1.9M-$1.2M$15.9M$14.4M
Pre-tax income -$4.7M-$2.8M-$8.2M$4.2M$9.2M$2.5M$1.4M$1.3M$18.9M$16.4M
Income tax $5.9M$6.0M$10.2M$18.1M$6.8M$4.9M$1.3M$729.0K$1.9M$3.3M
Net income -$10.6M-$8.8M-$11.9M-$23.2M$396.0K-$2.4M$28.0K$574.0K$17.0M$13.1M
EPS, basic -0.44-0.37-0.51-1.000.02-0.110.000.030.780.63
EPS, diluted -0.44-0.37-0.51-1.000.02-0.110.000.030.750.61
Shares, diluted (wtd. avg.) 24.3M23.6M23.5M23.2M23.3M22.1M22.3M22.5M22.6M21.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $40.6M$18.5M$23.3M$20.1M$32.6M$21.1M$22.8M$22.3M$21.7M$18.4M
Short-term investments $179.3M$143.1M$132.7M$112.1M$90.3M$88.8M$64.9M$77.5M$82.7M$61.9M
Receivables $49.4M$37.2M$30.3M$29.8M$27.4M$31.2M$28.3M$26.2M$16.5M$15.0M
Total current assets $284.8M$216.3M$209.4M$177.6M$189.0M$167.6M$178.6M$177.3M$159.1M$144.7M
Property, plant and equipment $7.1M$6.9M$6.7M$6.6M$6.8M$7.6M$7.9M$7.3M$6.9M$4.8M
Goodwill $58.3M$58.3M$58.3M$56.8M$74.8M$51.1M$51.1M$46.6M$46.6M$46.6M
Other intangibles $1.0M$1.9M$3.0M$2.4M$14.6M$10.8M$13.4M$2.7M$1.7M$3.0M
Total assets $388.3M$308.9M$304.1M$308.4M$328.7M$307.0M$297.0M$277.3M$276.8M$242.5M
Total current liabilities $28.7M$30.5M$26.9M$33.3M$35.4M$28.2M$26.4M$21.8M$22.8M$22.6M
Retained earnings -$24.0K$11.2M$20.2M$32.2M$55.5M$57.4M$62.4M$62.9M$53.9M$39.4M
Total equity $336.5M$266.6M$264.3M$258.9M$276.7M$260.9M$251.2M$245.9M$244.7M$211.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$3.4M$3.5M-$6.3M$6.9M$25.8M$15.2M$9.7M$8.6M$24.5M$14.5M
Depreciation and amortisation $3.4M$3.0M$2.9M$3.2M$3.2M$3.2M$3.1M$2.9M$2.0M$1.4M
Stock-based compensation $19.8M$15.6M$16.2M$14.5M$13.1M$13.6M$10.7M$10.4M$8.7M$6.2M
Capital expenditure $2.9M$3.0M$2.9M$3.5M$2.2M$2.9M$3.5M$3.3M$4.1M$2.4M
Investing cash flow -$34.0M-$2.4M$10.8M-$15.1M-$16.7M-$15.2M-$2.4M$9.8M-$28.8M-$21.0M
Financing cash flow $59.3M-$5.6M-$2.8M-$3.3M$3.2M-$2.1M-$6.7M-$17.8M$7.5M$6.2M
Buybacks $7.2M$8.5M$6.2M$6.8M$0$4.8M$9.1M$20.0M$0$3.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-012845.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M 150M Revenue, FY2016: 72.7M Gross profit, FY2016: 66.6M Net income, FY2016: 13.1M Revenue, FY2017: 87.5M Gross profit, FY2017: 80.6M Net income, FY2017: 17M Revenue, FY2018: 77.9M Gross profit, FY2018: 69.9M Net income, FY2018: 574K Revenue, FY2019: 87.2M Gross profit, FY2019: 77M Net income, FY2019: 28K Revenue, FY2020: 100.3M Gross profit, FY2020: 89.6M Net income, FY2020: -2.4M Revenue, FY2021: 113.8M Gross profit, FY2021: 103.5M Net income, FY2021: 396K Revenue, FY2022: 120.6M Gross profit, FY2022: 105.5M Net income, FY2022: -23.2M Revenue, FY2023: 97.4M Gross profit, FY2023: 85.8M Net income, FY2023: -11.9M Revenue, FY2024: 106.9M Gross profit, FY2024: 94.2M Net income, FY2024: -8.8M Revenue, FY2025: 109.6M Gross profit, FY2025: 95.4M Net income, FY2025: -10.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $72.7M $87.5M $77.9M $87.2M $100.3M $113.8M $120.6M $97.4M $106.9M $109.6M
Gross profit $66.6M $80.6M $69.9M $77.0M $89.6M $103.5M $105.5M $85.8M $94.2M $95.4M
Net income $13.1M $17.0M $574.0K $28.0K -$2.4M $396.0K -$23.2M -$11.9M -$8.8M -$10.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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