NVTS Navitas Semiconductor Corp - 10-Q - (2025-11-03)

Financial Performance (Q3/9M FY2025) Navitas reported a sharp 53% year-over-year revenue decline in Q3 2025 to \(10.1M, stemming from a strategic pivot away from mobile/consumer markets. Over the nine months ending September 30, 2025, Net Revenues contracted to \)38.6M (vs. \(65.3M prior year). While operational efficiency improved, narrowing the 9M Operating Loss to \)(66.4M) (vs. \((91.7M)), the Net Loss worsened significantly to \)(85.1M) (vs. \((44.7M) Y/Y). This divergence is driven by the non-operating line item related to earnout liabilities, which resulted in a \)(20.7M) loss in the 9M per

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