CEVA, Inc. logo CEVA - CEVA, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $40.00 DETAILS
HIGH: $48.00
LOW: $28.00
MEDIAN: $42.00
CONSENSUS: $40.00
UPSIDE: 1.45%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 109.6 106.9 97.4 120.6 113.8 100.3 87.2 77.9 87.5 72.7 59.5 50.8 48.9 53.7 60.2 44.9 38.5 40.4 33.2 32.5 35.6 37.7 36.8 19.2 25.2 22.9 18.2 13.2
Cost of Revenue 14.2 12.8 11.6 15.1 10.4 10.7 10.1 8.0 7.0 6.1 5.4 5 5.2 4.0 3.6 3.7 4.1 4.7 3.9 4.0 4.2 5.2 6.1 2.2 1.3 0.4 0.2 0.3
Gross Profit 95.4 94.2 85.8 105.5 103.5 89.6 77.0 69.9 80.6 66.6 54.1 45.8 43.7 49.7 56.7 41.2 34.4 35.7 29.4 28.5 31.4 32.5 30.8 17.0 24.0 22.5 18.0 13.0
Operating Expenses
R&D Expenses 74.8 71.6 72.7 70.3 69.1 62.0 52.8 47.8 40.4 30.8 28.1 25.8 21.2 20.2 21.5 17.9 16.6 20.2 19.1 18.8 20.2 17.3 17.4 8.4 5.1 4.8 3.2 3.4
SG&A Expenses 31.4 29.5 26.0 25.7 25.0 26.0 24.2 22.5 23.1 20.1 18.4 17.9 17.8 17.1 16.6 13.4 12.8 13.7 12.0 12.2 12.3 12.8 12.2 6.9 5.8 5.3 2.5 2.0
Other Expenses 0.6 0.6 0.6 5.6 2.3 2.3 1.9 0.9 1.2 1.2 1.3 (0.4) 0 0 0 0 0 0.1 0.1 0.4 1.3 0.9 4.4 0.2 0 0 2.0 1.1
Operating Expenses 106.8 101.7 99.2 101.6 96.4 90.3 79.0 71.2 64.7 52.2 47.8 44.3 39.0 37.4 38.1 31.3 29.4 34.0 31.3 31.3 33.8 31.0 33.9 15.5 10.8 10.1 7.7 6.6
Operating Income
Operating Income (11.3) (7.5) (13.5) 3.9 7.0 (0.8) (1.9) (1.2) 15.9 14.4 6.3 1.5 4.8 12.4 18.6 9.9 5.0 (2.4) (1.9) (2.9) (5.6) 1.5 (11.8) (20.7) 13.1 12.4 10.3 6.4
Interest Expense 0 0 0 0.4 0.4 0.4 0.6 0.8 1.2 1.1 1.1 1.1 1.5 1.3 2.1 1.6 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 6.9 5.9 4.5 3.2 1.9 3.3 4.2 4.5 4.2 3.3 2.8 2.8 3.9 4.5 4.9 3.7 2.9 2.7 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (0.6) (3.4) (8.6) 12.2 16.6 8.8 7.2 2.9 19.1 17.0 8.7 3.2 5.4 16.3 22.0 12.5 5.5 13.1 (1.8) (1.0) 0.6 4.1 1.7 4.1 13.8 12.9 10.3 6.4
EBIT (4.7) (7.5) (13.5) 4.6 9.6 3.0 1.9 2.1 20.1 17.5 8.5 3.2 9.0 17.0 23.5 13.6 5.0 1.7 (1.9) (2.9) (2.4) 1.5 (3.1) 1.5 13.1 12.4 10.3 6.4
Income Before Tax (4.7) (2.8) (8.2) 4.2 9.2 2.5 1.4 1.3 18.9 16.4 7.4 2.0 7.5 15.7 21.5 12.0 10.7 12.4 1.7 (0.2) (2.3) 2.3 (11.7) (20.9) 13.6 12.7 10.6 6.6
Income Tax Expense 5.9 6.0 10.2 18.1 6.8 4.9 1.3 0.7 1.9 3.3 1.1 2.9 0.8 2.1 2.9 0.6 2.4 3.8 0.4 (0.1) (0.1) 0.6 0.3 1.0 3.3 3.4 1.5 0.4
Net Income (10.6) (8.8) (11.9) (23.2) 0.4 (2.4) 0.0 0.6 17.0 13.1 6.3 (0.8) 6.7 13.7 18.6 11.4 8.3 8.6 1.3 (0.1) (2.3) 1.6 (12.0) (21.9) 10.4 9.3 9.1 6.2
Per Share Data
EPS (Basic) -0.44 -0.37 -0.51 -1.00 0.02 -0.11 0.00 0.03 0.78 0.63 0.31 -0.04 0.30 0.60 0.80 0.54 0.42 0.43 0.07 -0.01 -0.12 0.09 -0.66 -2.15 1.15 1.03 1.01 0.69
EPS (Diluted) -0.44 -0.37 -0.51 -1.00 0.02 -0.11 0.00 0.03 0.75 0.61 0.30 -0.04 0.30 0.59 0.77 0.51 0.41 0.42 0.06 -0.01 -0.12 0.09 -0.66 -1.21 0.57 0.51 0.51 0.34
Shares Outstanding 24.3 23.6 23.5 23.2 22.8 22.1 21.9 22.0 21.8 20.9 20.5 20.5 22.0 22.8 23.2 21.3 19.7 20.0 19.6 19.2 18.8 18.4 18.1 10.2 9.0 9.0 9.0 9.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 40.6 18.5 23.3 20.1 33.2 21.1 22.8 22.3 21.7 18.4 52.2 13.3 28.8 59.1 73.8 0 0 0 0
Short-Term Investments 181.4 145.1 143.3 118.2 121.7 109.0 121.8 123.6 117.1 108.1 48.4 71.3 30.8 0 0 0 0 0 0
Net Receivables 49.4 37.2 30.3 29.8 27.4 31.2 28.3 26.2 16.5 15.0 6.0 5.4 11.5 10.9 6.5 8.1 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,945) 0.2 0.1 0 0 0
Other Current Assets 13.5 15.5 12.5 9.5 6.7 6.2 5.7 0 0 0 1.1 1.1 0.1 0 0 0.3 0 0 0
Total Current Assets 284.8 216.3 209.4 177.6 189.0 167.6 178.6 177.3 159.1 146.1 113.0 96.0 71.9 71.3 82.2 8.7 0 0 0
Non-Current Assets
Property, Plant & Equipment 24.5 12.7 13.7 15.1 15.6 16.6 18.9 7.3 6.9 4.8 1.1 1.3 4.5 4.8 6.6 2.2 0 0 0
Goodwill 58.3 58.3 58.3 56.8 74.8 51.1 51.1 46.6 46.6 46.6 36.5 36.5 38.4 0 0 0 0 0 0
Intangible Assets 1.0 1.9 3.0 2.4 14.6 10.8 13.4 2.7 1.7 3.0 0 0 2.6 41.9 43.9 0 0 0 0
Long-Term Investments 0.1 0.3 0.4 8.6 2.9 30.5 6.3 21.9 44.5 31.8 4.5 0 0 0 0 1.3 0 0 0
Other Non-Current Assets 19.2 18.0 17.7 39.4 15.9 19.6 18.1 15.5 14.3 7.9 0 3.4 1.7 1.5 2.5 0 0 0 0
Total Non-Current Assets 103.4 92.6 94.7 130.8 142.8 141.0 120.0 100.0 117.7 96.4 42.4 41.6 47.2 48.1 53.0 3.5 0 0 0
Total Assets 388.3 308.9 304.1 308.4 331.8 308.5 298.6 277.3 276.8 242.5 155.4 137.6 119.2 119.4 135.2 12.2 9.6 6.9 3.8
Current Liabilities
Account Payables 2.4 1.1 1.2 1.9 1.5 0.9 0.7 0.6 0.4 0.6 0.5 0.6 1.7 3.0 2.5 0.7 0 0 0
Short-Term Debt 1.7 0 0 0 3.3 3.0 2.4 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 3.5 4.6 3.0 4.0 8.7 2.4 3.6 3.6 4.4 6.3 0.4 1.0 1.8 1.1 1.1 0 0 0 0
Other Current Liabilities 21.0 0 3.9 1.6 3.6 3.6 3.7 4.2 3.9 2.5 1.2 4.0 0.7 0.9 1.3 0 0 0 0
Total Current Liabilities 28.7 30.5 26.9 33.3 35.4 28.2 26.4 21.8 22.8 22.6 11.9 12.1 14.0 17.9 23.9 6.7 0 0 0
Non-Current Liabilities
Long-Term Debt 14.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 3.1 1.6 1.5 0 0 0.7 1.2 0 0 0 0 0 0 0 0
Other Non-Current Liabilities (5.7) 8.9 8.9 11.1 11.4 12.1 11.2 9.6 9.3 8.3 3.3 3.8 2.6 3.1 1.2 1.1 0 0 0
Total Non-Current Liabilities 23.1 11.9 12.9 16.3 19.6 19.5 21.0 9.6 9.3 8.3 4.5 3.8 2.6 3.1 1.2 1.1 0 0 0
Total Liabilities 51.8 42.4 39.7 49.6 55.0 47.6 47.4 31.4 32.1 30.9 16.3 15.9 16.6 21.0 25.1 7.9 7.6 4.4 2.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0
Retained Earnings (0.0) 11.2 20.2 32.2 55.5 57.4 62.4 62.9 53.9 39.4 (19.5) (27.0) (34.3) (36.0) (24.0) 0 0 0 0
Accumulated Other Comprehensive Income 0.1 (1.3) (2.3) (6.2) (0.4) 0.5 0.1 (1.1) (0.6) (0.5) 0.3 (0.0) (8.5) (6.1) (5.6) 0 0 0 0
Total Stockholders' Equity 336.5 266.6 264.3 258.9 276.7 260.9 251.2 245.9 244.7 211.6 139.1 121.7 102.5 98.5 110.1 4.3 2.0 2.6 1.7
Total Liabilities & Equity 388.3 308.9 304.1 308.4 331.8 308.5 298.6 277.3 276.8 242.5 155.4 137.6 119.2 119.4 135.2 12.2 9.6 6.9 3.8
Debt Metrics
Total Debt 30.5 5.6 6.5 7.9 8.4 8.7 10.7 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (10.1) (12.9) (16.8) (12.2) (24.7) (12.4) (12.1) (22.3) (21.7) (18.4) (52.2) (13.3) (28.8) (59.1) (73.8) 0 0 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000
Operating Activities
Net Income (10.6) (8.8) (11.9) (23.2) 0.4 (2.4) 0.0 0.6 17.0 13.1 (2.3) 1.6 (12.0) (21.9) 10.4 9.3
Depreciation & Amortization 4.1 4.1 4.9 7.6 7.0 5.8 5.3 4.2 3.2 2.6 2.8 3.4 4.8 2.6 0.7 0.5
Stock-Based Compensation 15.6 15.6 15.5 14.5 13.1 13.6 10.7 10.4 8.7 6.2 195 229 0 0.0 0 0
Change in Working Capital (16.3) (7.7) (9.9) 1.9 12.1 (1.8) (7.2) (8.4) (5.6) (8.7) 0.6 (4.0) (9.6) 1.4 (1.3) (1.7)
Other Non-Cash Items 10.7 0.3 (11.7) 12.5 (0.4) 0.2 0.8 4.1 1.8 1.1 513.6 (259.6) 4.0 15.7 (0.2) 2.4
Operating Cash Flow 3.5 3.5 (6.3) 6.9 25.8 15.2 9.7 8.6 24.5 14.5 12.7 (29.8) (12.8) (1.9) 9.5 10.6
Investing Activities
Capital Expenditure (3.0) (3.0) (2.9) (3.5) (2.2) (2.9) (10.8) (5.3) (4.1) (2.4) (1.1) (3.1) (2.7) (0.9) (1.5) (0.7)
Acquisitions 0 0.5 27.0 (29.9) (29.9) (11.1) (11) 2.0 5.0 0 0 0 0 0 0 0
Purchases of Investments (109.1) (48.9) (42.0) (63.9) (40.7) (99.9) (66.5) (41.3) (101.9) (85.0) (8.2) 0 0 0 0 0
Sales/Maturities of Investments (8.2) 49.6 59.3 52.3 56.1 87.6 85.9 56.4 77.3 66.4 1.5 0 0 0 0 0
Other Investing Activities 117.9 (0.8) (30.6) 29.9 0 11.1 (7.4) (2.0) (5.0) (18.6) 0.0 (0.1) 0.1 40.9 (0.0) (0.1)
Investing Cash Flow (2.4) (2.4) 10.8 (15.1) (16.7) (15.2) (2.4) 9.8 (28.8) (21.0) (7.7) (3.2) (2.6) 40.0 (1.5) (0.7)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (7.2) (8.5) (6.2) (6.8) 0 (4.8) (9.1) (20.0) 0 (3.4) 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (64.9) 2.9 3.4 3.5 0 2.7 2.4 2.2 7.5 9.6 0 0 0 35.7 (8.0) (9.8)
Financing Cash Flow (5.6) (5.6) (2.8) (3.3) 3.2 (2.1) (6.7) (17.8) 7.5 6.2 1.8 2.2 0.4 35.7 (8.0) (9.8)
Cash Position
Net Change in Cash (4.8) (4.8) 2.0 (11.9) 12.0 (1.7) 0.5 0.5 3.3 (0.5) 6.3 (30.3) (14.7) 73.8 0 0
Cash at Beginning 23.3 23.3 21.3 33.2 21.1 22.8 22.3 21.7 18.4 18.9 28.8 59.1 73.8 0 0 0
Cash at End 18.5 18.5 23.3 21.3 33.2 21.1 22.8 22.3 21.7 18.4 35.1 28.8 59.1 73.8 0 0
Free Cash Flow 0.5 0.5 (9.2) 3.4 23.6 12.2 (1.2) 3.3 20.3 12.1 11.7 (32.9) (15.5) (2.8) 8.0 9.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 109.6 106.9 97.4 120.6 113.8 100.3 87.2 77.9 87.5 72.7 59.5 50.8 48.9 53.7 60.2 44.9 38.5 40.4 33.2 32.5 35.6 37.7 36.8 19.2 25.2 22.9 18.2 13.2
Gross Profit 95.4 94.2 85.8 105.5 103.5 89.6 77.0 69.9 80.6 66.6 54.1 45.8 43.7 49.7 56.7 41.2 34.4 35.7 29.4 28.5 31.4 32.5 30.8 17.0 24.0 22.5 18.0 13.0
Operating Income (11.3) (7.5) (13.5) 3.9 7.0 (0.8) (1.9) (1.2) 15.9 14.4 6.3 1.5 4.8 12.4 18.6 9.9 5.0 (2.4) (1.9) (2.9) (5.6) 1.5 (11.8) (20.7) 13.1 12.4 10.3 6.4
Net Income (10.6) (8.8) (11.9) (23.2) 0.4 (2.4) 0.0 0.6 17.0 13.1 6.3 (0.8) 6.7 13.7 18.6 11.4 8.3 8.6 1.3 (0.1) (2.3) 1.6 (12.0) (21.9) 10.4 9.3 9.1 6.2
EPS (Diluted) -0.44 -0.37 -0.51 -1.00 0.02 -0.11 0.00 0.03 0.75 0.61 0.30 -0.04 0.30 0.59 0.77 0.51 0.41 0.42 0.06 -0.01 -0.12 0.09 -0.66 -1.21 0.57 0.51 0.51 0.34
Balance Sheet
Cash & Equivalents 40.6 18.5 23.3 20.1 33.2 21.1 22.8 22.3 21.7 18.4 52.2 13.3 28.8 59.1 73.8 0 0 0 0
Total Assets 388.3 308.9 304.1 308.4 331.8 308.5 298.6 277.3 276.8 242.5 155.4 137.6 119.2 119.4 135.2 12.2 9.6 6.9 3.8
Total Debt 30.5 5.6 6.5 7.9 8.4 8.7 10.7 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 336.5 266.6 264.3 258.9 276.7 260.9 251.2 245.9 244.7 211.6 139.1 121.7 102.5 98.5 110.1 4.3 2.0 2.6 1.7
Cash Flow
Operating Cash Flow 3.5 3.5 (6.3) 6.9 25.8 15.2 9.7 8.6 24.5 14.5 12.7 (29.8) (12.8) (1.9) 9.5 10.6
Capital Expenditure (3.0) (3.0) (2.9) (3.5) (2.2) (2.9) (10.8) (5.3) (4.1) (2.4) (1.1) (3.1) (2.7) (0.9) (1.5) (0.7)
Free Cash Flow 0.5 0.5 (9.2) 3.4 23.6 12.2 (1.2) 3.3 20.3 12.1 11.7 (32.9) (15.5) (2.8) 8.0 9.9