Navitas reported Q4 2025 net revenues of USD 7.3 million and a GAAP loss from operations of USD 41.4 million, including a USD 16.6 million restructuring and impairment charge (USD 3.8 million non-cash). Q4 2025 GAAP net loss was USD 31.8 million, or USD 0.14 per share (basic and diluted). On a non-GAAP basis, Q4 2025 loss from operations was USD 12.1 million and non-GAAP gross margin was 38.7%. Cash and cash equivalents were USD 236.9 million at December 31, 2025; the company said it generated USD 95.6 million in net proceeds from a November 2025 private placement. For FY 2025, Navitas reported net revenues of USD 45.9 million and a GAAP net loss of USD 117.0 million, or USD 0.57 per share (basic and diluted). FY 2025 GAAP loss from operations was USD 107.8 million; non-GAAP loss from operations was USD 46.0 million and non-GAAP gross margin was 38.4%. Navitas said high-power markets represented a majority of Q4 revenue for the first time, with mobile declining to less than 25%, as it accelerated its “Navitas 2.0” pivot toward GaN and high-voltage SiC for AI data centers, grid and energy infrastructure, performance computing and industrial electrification. Recent highlights included a long-term foundry and technology partnership with GlobalFoundries to accelerate U.S.-based GaN manufacturing with availability targeted for late 2026, customer sampling of new 650V GaN for AI data center applications, and expanded sampling of 100V GaN and 2300V/3300V SiC modules. For Q1 2026, Navitas forecast net revenues of USD 8.0 million to USD 8.5 million and non-GAAP gross margin of 38.7% plus or minus 25 basis points.

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