NVE CORP /NEW/ NVEC

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

NVE Corporation, referred to as NVE, we, us, or our, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. We manufacture high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.

NVE is a Minnesota corporation headquartered in a suburb of Minneapolis. We were founded in 1989 by James M. Daughton, Ph.D., a spintronics pioneer. Our common stock became publicly traded in 2000 through a reverse merger and became NASDAQ listed in 2003. Since our founding, we have been awarded more than $50 million in government research contracts. These contracts have helped us develop products and build our intellectual property portfolio. We have adopted a March 31 fiscal year, so fiscal years referenced in this report end March 31.

Last close 72.64 2026-10-23
Market cap $351.4M 2026-06-30 share count
52-week range 57.21 - 135.00

Valuation FY2025 figures against the last close

P/S316.8x
P/E23.1x
P/FCF24.3x
EV/EBITDA21.5x
Dividend yield5.5%
Diluted EPS3.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.1M$1.2M$586.1K$1.1M$1.1M$21.4M$25.4M$26.5M$29.9M$28.3M
Cost of revenue $5.6M$4.2M$6.8M$8.1M$6.3M$4.1M$4.9M$5.2M$6.3M$6.1M
Gross profit $20.7M$21.6M$23.0M$30.2M$20.7M$17.2M$20.5M$21.3M$23.6M$22.2M
R&D $3.2M$3.6M$2.7M$2.6M$2.9M$3.2M$3.7M$4.1M$3.7M$3.3M
SG&A ————$1.5M$1.3M$1.3M$1.2M$1.4M$1.5M
Total operating expenses $4.8M$5.6M$4.5M$4.5M$4.4M$4.5M$5.0M$5.3M$5.1M$4.8M
Operating income $15.9M$16.0M$18.5M$25.6M$16.3M$12.7M$15.5M$15.9M$18.5M$17.4M
Pre-tax income $17.8M$18.0M$20.5M$27.1M$17.5M$14.2M$17.3M$17.7M$20.0M$19.1M
Income tax $2.6M$3.0M$3.3M$4.4M$3.0M$2.5M$2.8M$3.2M$6.1M$6.1M
Net income $15.2M$15.1M$17.1M$22.7M$14.5M$11.7M$14.5M$14.5M$13.9M$12.9M
EPS, basic 3.143.123.544.703.002.423.003.002.872.68
EPS, diluted 3.143.113.544.703.002.423.002.992.872.68
Shares, diluted (wtd. avg.) 4.8M4.8M4.8M4.8M4.8M4.8M4.8M4.9M4.8M4.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.7M$8.0M$10.3M$1.7M$10.4M$10.4M$8.1M$6.9M$4.8M$8.2M
Short-term investments $18.1M$13.7M$11.9M$15.5M$20.8M$7.7M$19.1M$12.5M$20.8M$19.6M
Receivables $3.4M$3.6M$3.1M$6.5M$4.7M$2.0M$2.7M$3.0M$2.9M$3.4M
Inventory $7.1M$7.4M$7.2M$6.4M$5.1M$3.9M$3.9M$4.3M$3.7M$3.4M
Total current assets $32.2M$33.2M$33.2M$30.8M$41.5M$24.4M$34.4M$27.4M$32.7M$35.2M
Property, plant and equipment ————$606.4K$336.7K$582.5K$894.8K$1.3M$1.4M
Total assets $60.4M$64.3M$66.8M$69.3M$67.5M$72.5M$79.5M$83.6M$87.4M$93.8M
Accounts payable $278.6K$214.7K$127.2K$281.7K$943.5K$336.6K$187.0K$375.2K$415.0K$376.3K
Total current liabilities $1.1M$1.2M$1.0M$1.8M$2.5M$1.0M$796.2K$835.7K$989.7K$1.1M
Total liabilities $2.1M$2.0M$1.2M$2.2M$2.9M$1.6M$1.5M$835.7K——
Retained earnings $38.3M$42.5M$46.7M$48.9M$45.6M$50.4M$58.0M$62.9M$67.7M$73.2M
Total equity $58.2M$62.3M$65.6M$67.1M$64.6M$70.9M$78.0M$82.8M$86.4M$92.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $16.7M$14.3M$18.2M$19.1M$12.5M$13.4M$15.9M$14.2M$15.2M$12.4M
Depreciation and amortisation $460.0K$324.2K$308.1K$196.7K$425.0K$542.9K$550.0K$705.2K$979.7K$1.1M
Stock-based compensation ————$81.9K$45.6K$48.4K$93.4K$40.9K$22.0K
Capital expenditure $2.2M$1.3M$16.7K$935.8K$484.6K$62.7K$52.0K$68.3K$604.8K$519.8K
Investing cash flow -$3.6M$2.7M$9.6M-$8.5M$7.0M$8.4M$5.3M$7.1M$717.8K$7.4M
Financing cash flow -$19.3M-$19.2M-$19.2M-$19.3M-$19.5M-$19.4M-$20.0M-$19.2M-$19.3M-$19.1M
Dividends paid $19.3M$19.3M$19.3M$19.3M$19.3M$19.3M$19.4M$19.4M$19.4M$19.3M
Buybacks ——$0$20.7K$163.5K$91.4K$687.4K———

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 0001376474-26-000455.

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. 0 10M 20M 30M 40M Revenue, FY2016: 28.3M Gross profit, FY2016: 22.2M Net income, FY2016: 12.9M Revenue, FY2017: 29.9M Gross profit, FY2017: 23.6M Net income, FY2017: 13.9M Revenue, FY2018: 26.5M Gross profit, FY2018: 21.3M Net income, FY2018: 14.5M Revenue, FY2019: 25.4M Gross profit, FY2019: 20.5M Net income, FY2019: 14.5M Revenue, FY2020: 21.4M Gross profit, FY2020: 17.2M Net income, FY2020: 11.7M Revenue, FY2021: 1.1M Gross profit, FY2021: 20.7M Net income, FY2021: 14.5M Revenue, FY2022: 1.1M Gross profit, FY2022: 30.2M Net income, FY2022: 22.7M Revenue, FY2023: 586.1K Gross profit, FY2023: 23M Net income, FY2023: 17.1M Revenue, FY2024: 1.2M Gross profit, FY2024: 21.6M Net income, FY2024: 15.1M Revenue, FY2025: 1.1M Gross profit, FY2025: 20.7M Net income, FY2025: 15.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $28.3M $29.9M $26.5M $25.4M $21.4M $1.1M $1.1M $586.1K $1.2M $1.1M
Gross profit $22.2M $23.6M $21.3M $20.5M $17.2M $20.7M $30.2M $23.0M $21.6M $20.7M
Net income $12.9M $13.9M $14.5M $14.5M $11.7M $14.5M $22.7M $17.1M $15.1M $15.2M

Recent filings and events

  • 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 The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • 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
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • 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
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • 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

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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