NVEC

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NVE Corp.

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Key Metrics

Previous Close: $111.28
52-Week Range: $57.21 – $135.00
Market Cap: $532.55M
P/E (TTM): 29.60
EPS (TTM): 3.72
Dividend Yield: 3.59%

Advanced Metrics

Price/Book: 8.91
PEG Ratio: 0.84
Return on Equity: 29.81%
Return on Assets: 19.30%
Gross Margin: 79.26%
Operating Margin: 65.85%
Profit Margin: 57.64%
Current Ratio: 23.72
Debt/Equity: 0.02
Total Debt: $905.83K
Free Cash Flow: $7.81M
Revenue Growth: 80.70%
Earnings Growth: 78.60%
Enterprise Value: $517.41M

NVEC Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$38.25M	$29.80M	$25.87M	$26.33M
Cost of Revenue	$8.06M	$6.77M	$4.24M	$5.60M
Gross Profit	$30.19M	$23.03M	$21.64M	$20.73M
Research & Development	$2.58M	$2.73M	$3.64M	$3.16M
Selling, General & Admin	$1.96M	$1.77M	$2.01M	$1.65M
Operating Expenses	$4.55M	$4.51M	$5.64M	$4.81M
Operating Income	$25.64M	$18.52M	$15.99M	$15.92M
EBITDA	$25.84M	$18.83M	$16.32M	$16.38M
Pretax Income	$27.09M	$20.47M	$18.04M	$17.82M
Income Tax	$4.40M	$3.34M	$2.97M	$2.62M
Net Income	$22.69M	$17.12M	$15.06M	$15.20M
Diluted EPS	4.70	3.54	3.11	3.14
Diluted Shares	4.83M	4.84M	4.84M	4.84M

NVEC Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$1.67M	$10.28M	$8.04M	$1.71M
Receivables	$6.52M	$3.14M	$3.59M	$3.41M
Inventory	$6.42M	$7.16M	$7.45M	$7.08M
Current Assets	$30.79M	$33.19M	$33.20M	$32.19M
Total Assets	$69.26M	$66.78M	$64.28M	$60.38M
Current Liabilities	$1.83M	$1.04M	$1.17M	$1.14M
Total Debt	$518.71K	$355.15K	$921.23K	$905.54K
Total Liabilities	$2.18M	$1.21M	$2.01M	$2.13M
Retained Earnings	$48.95M	$46.74M	$42.47M	$38.32M
Shareholders' Equity	$67.08M	$65.57M	$62.27M	$58.25M
Working Capital	$28.95M	$32.16M	$32.03M	$31.05M

NVEC Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$19.09M	$18.25M	$14.31M	$16.66M
Capital Expenditure	-$935.79K	-$16.73K	-$1.26M	-$2.19M
Free Cash Flow	$18.16M	$18.23M	$13.05M	$14.47M
Depreciation & Amortisation	$196.74K	$308.15K	$324.23K	$460.03K
Stock-Based Compensation	$59.66K	$141.94K	$152.17K	$93.66K
Investing Cash Flow	-$8.53M	$9.58M	$2.67M	-$3.63M
Financing Cash Flow	-$19.34M	-$19.21M	-$19.23M	-$19.35M
Dividends Paid	-$19.32M	-$19.33M	-$19.34M	-$19.35M
Share Repurchases	-$20.70K	$0.00	—	—
Net Change in Cash	-$8.78M	$8.61M	-$2.25M	-$6.32M

NVEC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$6.10M	$6.35M	$6.22M	$7.65M	$11.03M
Cost of Revenue	$1.18M	$1.38M	$1.33M	$1.71M	$2.07M
Gross Profit	$4.92M	$4.97M	$4.89M	$5.95M	$8.97M
Research & Development	$720.23K	$873.47K	$795.59K	$771.20K	$946.58K
Selling, General & Admin	$418.64K	$436.92K	$352.14K	$443.10K	$755.59K
Operating Expenses	$1.14M	$1.31M	$1.15M	$1.21M	$1.70M
Operating Income	$3.78M	$3.66M	$3.74M	$4.73M	$7.27M
EBITDA	$3.87M	$3.75M	$3.84M	$4.93M	$7.50M
Pretax Income	$4.28M	$4.15M	$4.21M	$5.18M	$7.72M
Income Tax	$706.45K	$834.70K	$821.69K	$254.29K	$1.32M
Net Income	$3.58M	$3.31M	$3.38M	$4.93M	$6.39M
Diluted EPS	0.74	0.68	0.70	—	1.32
Diluted Shares	4.84M	4.84M	4.84M	—	4.85M

NVEC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$3.22M	$5.11M	$3.41M	$1.71M	$2.90M
Receivables	$2.25M	$2.44M	$2.48M	$3.41M	$6.55M
Inventory	$7.45M	$7.42M	$7.27M	$7.08M	$6.67M
Current Assets	$26.17M	$28.77M	$31.08M	$32.19M	$35.68M
Total Assets	$63.55M	$61.49M	$59.96M	$60.38M	$62.12M
Current Liabilities	$1.63M	$970.72K	$891.98K	$1.14M	$1.50M
Total Debt	$892.30K	$962.34K	$934.41K	$905.54K	$905.83K
Total Liabilities	$2.46M	$1.78M	$1.67M	$2.13M	$2.34M
Retained Earnings	$41.21M	$39.68M	$38.23M	$38.32M	$39.88M
Shareholders' Equity	$61.09M	$59.71M	$58.30M	$58.25M	$59.78M
Working Capital	$24.54M	$27.80M	$30.18M	$31.05M	$34.17M

NVEC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$5.19M	$2.79M	$4.19M	$4.49M	$5.31M
Capital Expenditure	-$1.06M	-$70.46K	-$1.05M	-$9.44K	-$56.83K
Free Cash Flow	$4.13M	$2.72M	$3.14M	$4.48M	$5.25M
Depreciation & Amortisation	$85.40K	$89.05K	$94.36K	$191.22K	$232.35K
Stock-Based Compensation	$6.84K	$66.31K	$10.26K	$10.26K	$14.05K
Investing Cash Flow	-$5.17M	$3.93M	-$1.05M	-$1.34M	$712.96K
Financing Cash Flow	-$4.84M	-$4.84M	-$4.84M	-$4.84M	-$4.84M
Dividends Paid	-$4.84M	-$4.84M	-$4.84M	-$4.84M	-$4.84M
Net Change in Cash	-$4.81M	$1.88M	-$1.70M	-$1.69M	$1.18M

Market Snapshot

About

NVE Corp. is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures high-performance spintronic products including sensors, isolators, and couplers used in industrial, medical, military, and networking applications. NVE holds numerous patents in magnetoresistive technology.