Navitas Semiconductor Corporation

NasdaqGM-NVTS

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Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23
Net Income	-65.9	-58.6	-26	-25.1
Net Income
Depreciation & Amortization	11.1	10.9	11	10.7
Depreciation and Amortization
Amortization of Intangibles
Amortization of Intangible Assets
Share-Based Compensation Expense	6.1	16.4	26.6	24.3
Stock-Based Compensation Expense
Other Adjustments	22	-4.7	-32.6	-28.2
Change in Fair Value of Derivative Liabilities
Transaction Costs Allocated to Derivative Warrant Liabilities
Amortization of Deferred Rent
Non-Cash Lease Expense
Impairment of Other Asset
Other
Amortization of Debt Discount and Issuance Costs
Change in Fair Value of Warrant Liabilities
Interest Earned on Investments Held in Trust Account
Allowance for Expected Credit Losses
Gain from Change in Fair Value of Investment
Loss from Equity Method Investment
Loss on Disposition of Capital Assets
Loss (Gain) from Change in Fair Value of Earmout Liability
Deferred Income Taxes
Non-Cash Bonus Accruals
Changes in Trade Receivables	0.8	1	3.2	-10.7
Change in Accounts Receivable
Changes in Inventories	0.4	9.7	-2.9	-3.3
Change in Inventories
Changes in Accounts Payable	0.7	7.6	-10.4	1.8
Change in Accounts Payable, Accrued Compensation and Other Accrued Expenses
Changes in Unearned Revenue	—	-6.2	-4.7	10.5
Change in Customer Deposit and Deferred Revenue
Changes in Other Operating Activities	0.1	0.1	0.9	-4.2
Change in Prepaid Expenses
Change in Prepaid Expenses and Other Current Assets
Change in Other Assets
Change in Operating Lease Liability
Cash from Operating Activities	-24.8	-23.9	-34.9	-24.2
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23
Capital Expenditure	-0.7	-1.1	-5.6	-3.1
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	0	—	—	—
Proceeds from Disposition of Property and Equipment
Purchases of Investments	—	—	-2.5	—
Investment Purchases
Investment in Preferred Stock
Payments for Business Acquisitions	—	—	—	—
Business Acquisitions, Net of Cash Acquired
Other Investing Activities	—	—	—	—
Investment of Cash Into Trust Account
Asset Acquisition
Investment in Joint Venture
Receipts on Notes Receivable
Cash from Investing Activities	-0.7	-1.1	-8.1	-3.1
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23
Issuance of Long-Term Debt	—	—	—	—
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	—	—	—
Principal Payments on Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—
Issuance of Common Shares	101.8	1.3	2.2	2.4
Proceeds from Issuance of Class B Common Stock to Sponsor
Proceeds from Sale of Units, Net of Underwriting Discounts Paid
Proceeds from the Issuance of the at-the-Market Offerings
Proceeds from Issuance of Common Stock in Connection Stock Option Exercises
Proceeds from Employee Stock Purchase Plan
Proceeds from Reverse Recapitalization
Repurchases of Common Shares	—	—	—	—
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	101.8	1.3	2.2	2.4
Other Financing Activities	-3.3	—	—	—
Proceeds from Sale of Private Placement Warrants
Proceeds from Promissory Note - Related Party
Repayment of Promissory Note - Related Party
Payment of Offering Costs
Redemption of Warrants
Costs for the Issuance of Common Stock/at-the-Market Offering
Payments on Finance Lease Obligations
Cash from Financing Activities	98.5	1.3	2.2	2.4
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23
Free Cash Flow	-25.5	-25	-40.5	-27.3
NOPAT	-47.1	-67.5	-63	-54.4
Levered Free Cash Flow	-54.8	-63.7	-37.8	-12.6
Unlevered Free Cash Flow	-35.4	-46.6	-74.8	-42
Net Change in Cash	73.1	-23.8	-40.8	-24.9