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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.
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 | |