CEVA, Inc. provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally. The company offers PentaG-RAN, a hardware and software IP for implementing L1 PHY baseband processing in 5G and 5G-A base station and other cellular infrastructure system-on-chips (SoCs); Ceva XC20 DSPs and the PentaG2 platform support 5G/5G Advanced baseband for mobile broadband, RedCap, and IoT devices; Ceva-BX2 baseband processor; Ceva-XC21, high-efficiency vector DSP cores for 5G and 5G-advanced; Ceva-XC23, DSP for 5G and 5G-advanced; and Ceva-Waves Bluetooth platform, a set of hardware IP, software modules, and radios addressing a range of processes and nodes. It also provides Ceva-Waves Wi-Fi platform, a set of hardware IP and CPU-agnostic host software for energy-efficient SoC implementation of Wi-Fi subsystems; Ceva-Waves ultra-wideband platform; Ceva-Waves Links, which provide solutions for SoCs requiring multiple connectivity standards; and Ceva-Waves DragonFly, a turnkey platform for implementing NB-IoT cellular modem SoCs. In addition, the company offers Ceva-SensPro, a family of DSP cores; Ceva-BX1 audio digital signal controller IP; Ceva-ClearVox ENC software, a neural-network-based noise cancellation; Ceva-RealSpace, a spatial audio and head tracking software solution; and Ceva-MotionEngine, a sensor fusion software. Further, it provides Ceva-NeuPro-M, a neural processing unit (NPU) IP for generative AI; a Ceva-NeuPro-Nano, an NPU IP for embedded AI; and Ceva-NeuPro Studio, a software development environment for the development and deployment of AI models on the Ceva-NeuPro NPUs. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. The company was incorporated in 1999 and is headquartered in Rockville, Maryland.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $110M | $-7M | $-11M | $-6M | -3.2% | 2.5% | 21.1% |
| 2024 | $107M | $-3M | $-9M | $1M | -3.3% | 9.8% | -26.0% |
| 2023 | $97M | $-9M | $-12M | $-9M | -4.5% | -19.2% | -48.8% |
| 2022 | $121M | $12M | $-23M | $3M | -9.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 120.58 | 97.42 | 106.94 | 109.60 |
| Operating Revenue | - | 120.58 | 97.42 | 106.94 | 109.60 |
| Cost Of Revenue | - | 15.13 | 11.65 | 12.77 | 14.16 |
| Gross Profit | - | 105.45 | 85.77 | 94.17 | 95.44 |
| Operating Expense | - | 98 | 99.24 | 101.72 | 106.79 |
| Research And Development | - | 70.32 | 72.69 | 71.62 | 74.83 |
| Selling General And Administration | - | 25.66 | 25.96 | 29.50 | 31.36 |
| Total Expenses | - | 113.13 | 110.89 | 114.48 | 120.94 |
| Operating Income | - | 7.45 | -13.47 | -7.54 | -11.35 |
| Total Operating Income As Reported | - | 3.90 | -13.47 | -7.54 | -11.35 |
| EBITDA | - | 12.16 | -8.58 | -3.41 | -7.08 |
| Normalized EBITDA | - | 18.20 | -9.36 | -2.32 | -7.48 |
| EBIT | - | 4.59 | -13.47 | -7.54 | -11.35 |
| Interest Income | - | 3.19 | 4.49 | 5.88 | 6.25 |
| Interest Expense | 0.42 | 0.40 | - | - | - |
| Net Interest Income | - | 2.79 | 4.49 | 5.88 | 6.25 |
| Other Income Expense | - | -6.05 | 0.78 | -1.09 | 0.41 |
| Interest Income Non Operating | - | 3.19 | 4.49 | 5.88 | 6.25 |
| Interest Expense Non Operating | 0.42 | 0.40 | - | - | - |
| Net Non Operating Interest Income Expense | - | 2.79 | 4.49 | 5.88 | 6.25 |
| Pretax Income | - | 4.20 | -8.20 | -2.76 | -4.69 |
| Tax Provision | - | 18.08 | 10.23 | 6.03 | 5.95 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.27 | 0.16 | -0.23 | 0.09 |
| Net Income Continuous Operations | - | -13.88 | -18.44 | -8.79 | -10.64 |
| Net Income From Continuing And Discontinued Operation | - | -23.18 | -11.88 | -8.79 | -10.64 |
| Net Income From Continuing Operation Net Minority Interest | - | -13.88 | -18.44 | -8.79 | -10.64 |
| Net Income | - | -23.18 | -11.88 | -8.79 | -10.64 |
| Net Income Common Stockholders | - | -23.18 | -11.88 | -8.79 | -10.64 |
| Net Income Including Noncontrolling Interests | - | -23.18 | -11.88 | -8.79 | -10.64 |
| Normalized Income | - | -9.10 | -19.05 | -7.93 | -10.96 |
| Diluted NI Availto Com Stockholders | - | -23.18 | -11.88 | -8.79 | -10.64 |
| Basic Average Shares | - | 23.17 | 23.48 | 23.61 | 24.30 |
| Diluted Average Shares | - | 23.17 | 23.48 | 23.61 | 24.30 |
| Reconciled Depreciation | - | 7.56 | 4.88 | 4.14 | 4.27 |
| Reconciled Cost Of Revenue | - | 9.60 | 7.36 | 9.23 | 10.49 |
| Total Unusual Items | - | -6.05 | 0.78 | -1.09 | 0.41 |
| Total Unusual Items Excluding Goodwill | - | -6.05 | 0.78 | -1.09 | 0.41 |
| Net Income Discontinuous Operations | - | -9.30 | 6.56 | 0 | 0 |
| Special Income Charges | 0 | -3.56 | 0 | 0 | - |
| Write Off | 0 | 3.56 | - | - | - |
| Impairment Of Capital Assets | 0 | 3.56 | 0 | 0 | - |
| Gain On Sale Of Security | - | -2.49 | 0.78 | -1.09 | 0.41 |
| Depreciation Amortization Depletion Income Statement | - | 2.02 | 0.59 | 0.60 | 0.60 |
| Depreciation And Amortization In Income Statement | - | 2.02 | 0.59 | 0.60 | 0.60 |
| General And Administrative Expense | - | 14.18 | 14.91 | 16.88 | 18.09 |
| Other Gand A | - | 14.18 | 14.91 | 16.88 | 18.09 |
| Selling And Marketing Expense | - | 11.48 | 11.04 | 12.62 | 13.26 |
| Amortization | - | 2.02 | 0.59 | 0.60 | 0.60 |
| Amortization Of Intangibles Income Statement | - | 2.02 | 0.59 | 0.60 | 0.60 |
| Securities Amortization | 0.42 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CEVA, Inc.this co. | CEVA | $1.4B | -129.84 | 4.11 | -3.2% | -191.72 |
| EVERTEC, Inc. | EVTC | $1.4B | 9.90 | 2.25 | 22.8% | 6.46 |
| ADTRAN Holdings, Inc. | ADTN | $1.4B | -30.64 | 9.59 | -31.3% | 19.20 |
| Array Technologies, Inc. | ARRY | $1.4B | - | 5.37 | -43.0% | 42.29 |
| Rackspace Technology, Inc. | RXT | $1.4B | -6.17 | -1.14 |
| - |
| - |
| - |
| - |
| 18.5% |
| 18.61 |
| Progress Software Corporation | PRGS | $1.3B | 18.15 | 2.78 | 15.3% | 8.75 |
| Blackbaud, Inc. | BLKB | $1.3B | 11.33 | 15.32 | 135.2% | 8.32 |
| VIA | VIA | $1.3B | -13.50 | 2.07 | -15.4% | -12.17 |
| Pagaya Technologies Ltd. | PGY | $1.3B | 15.74 | 2.67 | 17.0% | 7.50 |
| Peer Median | - | 9.90 | 2.72 | 16.1% | 8.53 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Nov has averaged the highest return (+5.7%); Mar the lowest (-7.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.0%Neutral MonthJan 2026: -2.00% | -1.1%Neutral MonthFeb 2026: -1.09% | -10.5%Negative MonthMar 2026: -10.45% | +63.5%Positive MonthApr 2026: +63.49% | +30.9%Positive MonthMay 2026: +30.91% | +18.0%Positive MonthJun 2026: +17.96% | -30.8%Negative MonthJul 2026: -30.77% | -8.4%*Negative MonthAug 2026: -8.42% | — | — | — | — |
| 2025 | +2.1%Positive MonthJan 2025: +2.09% | +6.4%Positive MonthFeb 2025: +6.36% | -25.2%Negative MonthMar 2025: -25.25% | +2.3%Positive MonthApr 2025: +2.34% | -28.4%Negative MonthMay 2025: -28.42% | +17.2%Positive MonthJun 2025: +17.16% | -2.8%Negative MonthJul 2025: -2.78% | +4.0%Positive MonthAug 2025: +3.98% | +18.9%Positive MonthSep 2025: +18.86% | +3.0%Positive MonthOct 2025: +3.03% | -20.7%Negative MonthNov 2025: -20.65% | -0.3%Neutral MonthDec 2025: -0.32% |
| 2024 | -15.5%Negative MonthJan 2024: -15.46% | +17.9%Positive MonthFeb 2024: +17.92% | +0.3%Neutral MonthMar 2024: +0.31% | -10.7%Negative MonthApr 2024: -10.74% | -1.7%Neutral MonthMay 2024: -1.73% | -3.2%Negative MonthJun 2024: -3.16% | +3.9%Positive MonthJul 2024: +3.94% | +19.4%Positive MonthAug 2024: +19.40% | +0.9%Neutral MonthSep 2024: +0.88% | -3.4%Negative MonthOct 2024: -3.35% | +27.4%Positive MonthNov 2024: +27.42% | +6.1%Positive MonthDec 2024: +6.09% |
| 2023 | +29.5%Positive MonthJan 2023: +29.48% | -4.7%Negative MonthFeb 2023: -4.71% | -3.6%Negative MonthMar 2023: -3.58% | -17.4%Negative MonthApr 2023: -17.42% | -0.4%Neutral MonthMay 2023: -0.44% | +2.1%Positive MonthJun 2023: +2.12% | +6.3%Positive MonthJul 2023: +6.30% | -14.5%Negative MonthAug 2023: -14.51% | -16.5%Negative MonthSep 2023: -16.49% | -11.4%Negative MonthOct 2023: -11.45% | +26.7%Positive MonthNov 2023: +26.73% | +4.4%Positive MonthDec 2023: +4.37% |
| 2022 | -12.9%Negative MonthJan 2022: -12.88% | +8.2%Positive MonthFeb 2022: +8.23% | -0.3%Neutral MonthMar 2022: -0.29% | -10.6%Negative MonthApr 2022: -10.60% | -0.7%Neutral MonthMay 2022: -0.74% | -7.0%Negative MonthJun 2022: -6.96% | +10.9%Positive MonthJul 2022: +10.94% | -21.4%Negative MonthAug 2022: -21.38% | -10.4%Negative MonthSep 2022: -10.39% | +5.5%Positive MonthOct 2022: +5.45% | -1.8%Neutral MonthNov 2022: -1.77% | -5.9%Negative MonthDec 2022: -5.85% |
| 2021 | — | — | — | — | -19.1%Negative MonthMay 2021: -19.07% | +5.4%Positive MonthJun 2021: +5.42% | +4.9%Positive MonthJul 2021: +4.95% | -2.8%Negative MonthAug 2021: -2.80% | -11.6%Negative MonthSep 2021: -11.56% | +6.9%Positive MonthOct 2021: +6.89% | -3.3%Negative MonthNov 2021: -3.31% | -2.0%Neutral MonthDec 2021: -1.95% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.