Navitas Semiconductor Corporation designs, develops, and sells gallium nitride (GaN) power integrated circuits in China, the United States, Taiwan, Korea, and internationally. The company was incorporated in 2013 and is based in Dublin, Ireland.

Navitas Semiconductor Corporation

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Assets	Jun '25	Dec '24	Jun '24	Dec '23
Cash and Cash Equivalents	161.2	86.7	112	151.9
Cash and Cash Equivalents
Cash
Total Cash and Cash Equivalents	161.2	86.7	112	151.9
Accounts Receivable	12.5	14	22.7	25.9
Accounts Receivable, Net
Total Trade Receivables	12.5	14	22.7	25.9
Inventories	15.1	15.5	25.2	22.2
Inventories
Other Current Assets	4.1	4.1	4.7	6.2
Prepaid Expenses
Prepaid Expenses and Other Current Assets
Total Current Assets	192.9	120.3	164.6	206.2
Total Current Assets
Net Property, Plant & Equipment	21.5	22.3	21.1	17.4
Property and Equipment, Net
Operating Lease Right of Use Assets
Finance Lease Right of Use Assets
Net Intangible Assets	62.7	72.2	81.6	91.1
Intangible Assets, Net
Goodwill	163.2	163.2	163.2	163.2
Goodwill
Long-Term Investments	—	—	—	—
Investments Held in Trust Account
Other Long-Term Assets	9.2	12	8.6	7.6
Restricted Cash
Notes Receivable
Other Assets
Total Assets	449.4	390	439.1	485.5
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23
Accounts Payable	16.9	10.8	13.1	24.7
Accounts Payable and Other Accrued Expenses
Accrued Expenses	4.4	8.6	7.7	10.9
Accrued Expenses
Accrued Compensation Expenses
Current Portion of Long-Term Debt	—	—	—	—
Current Portion of Long-Term Debt
Current Portion of Leases	2.1	1.8	1.9	1.9
Operating Lease Liabilities, Current
Finance Lease Liabilities, Current
Unearned Revenue	—	—	6.2	11
Customer Deposit and Deferred Revenue
Other Current Liabilities	—	—	—	—
Other Liabilities
Total Current Liabilities	23.4	21.1	29	48.5
Total Current Liabilities
Long-Term Debt	—	—	—	—
Long-Term Debt
Leases	5.3	5.6	6.3	6.7
Operating Lease Liabilities Noncurrent
Finance Lease Liabilities Noncurrent
Other Long-Term Liabilities	30.5	10.6	15.7	47.9
Deferred Underwriting Fee Payable
Warrant Liability
Earnout Liability
Deferred Tax Liabilities
Other Liabilities
Accrued Royalties Noncurrent
Total Long-Term Liabilities	1.3	4.6	22	1.9
Other Noncurrent Liabilities
Total Liabilities	60.6	42	51	104.9
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23
Common Stock	0	0	0	0
Class A Common Stock
Class a Common Stock (Excluding Shares Subject to Possible Redemption)
Class B Common Stock
Additional Paid-in Capital	839.6	732.8	714.3	680.8
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-0	-0	-0	-0
Accumulated Other Comprehensive Loss
Retained Earnings	-450.7	-384.8	-326.2	-300.2
Retained Earnings
Total Common Shareholders' Equity	388.9	348	388.1	380.6
Total Stockholders' Equity of Navitas Semiconductor Corporation
Minority Interests and Other	—	—	—	—
Class a Common Stock Subject to Possible Redemption, $10.00 per Share Redemption Value
Noncontrolling Interest
Series a Convertible Preferred Stock
Series B Convertible Preferred Stock
Series B-1 Convertible Preferred Stock, $0.0001 Par Value; 0 and 6,133,979 Shares Authorized, 0 and 5,416,551 Shares Issued and Outstanding at December 31, 2021 and 2020; Liquidation Preference of $0 and $15,112 at December 31, 2021 and 2020, Respectively
Total Redeemable Convertible Preferred Stock
Total Shareholders' Equity	388.9	348	388.1	380.6
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	449.4	390	439.1	485.5
Total Liabilities and Stockholders' Equity