NASDAQ: NVEC
NVE CORP /NEW/CIK 0000724910 · SIC 3674 · Semiconductors
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Latest financial statements
From 10-Q filed Oct 21, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Statements of Income (Unaudited)
| Description | Quarter ended September 30, 2026 | Quarter ended September 30, 2025 |
|---|---|---|
| Revenue | ||
| Product sales | 5,575,282 | 6,138,772 |
| Contract research and development | 259,420 | 208,220 |
| Total revenue, net | 5,834,702 | 6,346,992 |
| Cost of sales | 1,270,805 | 1,378,494 |
| Gross profit | 4,563,897 | 4,968,498 |
| Expenses | ||
| Research and development | 727,345 | 873,470 |
| Selling, general, and administrative | 630,314 | 436,919 |
| Total expenses | 1,357,659 | 1,310,389 |
| Income from operations | 3,206,238 | 3,658,109 |
| Interest income | 474,727 | 484,330 |
| Other income | - | 3,094 |
| Income before taxes | 3,680,965 | 4,145,533 |
| Provision for income taxes | 507,806 | 834,695 |
| Net income | 3,173,159 | 3,310,838 |
| Net income per share basic | 0.66 | 0.68 |
| Net income per share diluted | 0.65 | 0.68 |
| Cash dividends declared per common share | 1.00 | 1.00 |
| Weighted average shares outstanding | ||
| Basic | 4,842,050 | 4,837,166 |
| Diluted | 4,850,910 | 4,839,243 |
Consolidated Balance Sheets (Unaudited)
(in millions, except per share amounts; mapped from filer XBRL tags, not printed on the filing face)
| Description | Sep 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 4.0 | 1.7 |
| Marketable securities | 19.7 | 18.1 |
| Accounts receivable, net | 3.0 | 3.4 |
| Inventories | 6.9 | 7.1 |
| Prepaid expenses and other current assets | 1.5 | 1.9 |
| Total current assets | 35.1 | 32.2 |
| Marketable securities, noncurrent | 20.7 | 23.7 |
| Property, plant and equipment, net | 3.3 | 3.7 |
| Operating lease right-of-use assets, net | 0.7 | 0.8 |
| Deferred income taxes and other assets | — | |
| TOTAL ASSETS | 59.9 | 60.4 |
| Current liabilities: | ||
| Accounts payable | 0.3 | 0.3 |
| Current portion of operating lease liabilities | 0.2 | 0.2 |
| Accrued liabilities | 0.8 | 0.7 |
| Total current liabilities | 1.2 | 1.1 |
| Operating lease liabilities | 0.7 | 0.7 |
| Deferred income taxes and other liabilities | 0.01 | 0.2 |
| Total liabilities | 1.9 | 2.1 |
| Shareholders' equity: | ||
| Common stock | 0.05 | 0.05 |
| Capital in excess of stated value | 20.2 | 19.9 |
| Accumulated other comprehensive income (loss) | (0.5) | (0.03) |
| Retained earnings (deficit) | 38.2 | 38.3 |
| Total shareholders' equity | 58.0 | 58.2 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 59.9 | 60.4 |
Statements of Cash Flows (Unaudited)
| Description | Six months ended September 30, 2026 | Six months ended September 30, 2025 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net income | 9,567,350 | 6,886,656 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 464,522 | 174,451 |
| Bonds discount amortization | (44,753) | (175,895) |
| Stock-based compensation | 260,980 | 73,150 |
| Deferred income taxes | (120,640) | 742,885 |
| Non-cash operating lease expense | 27,571 | 103,931 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 403,013 | 1,148,412 |
| Inventories | 222,511 | 30,240 |
| Prepaid expenses and other assets | 318,932 | (729,679) |
| Accounts payable | (26,200) | 14,835 |
| Accrued payroll and other | 54,084 | (285,774) |
| Net cash provided by operating activities | 11,127,370 | 7,983,212 |
| INVESTING ACTIVITIES | ||
| Purchases of fixed assets | (81,968) | (1,128,981) |
| Purchases of marketable securities | (8,108,071) | (10,108,982) |
| Proceeds from maturities of marketable securities | 9,000,000 | 10,000,000 |
| Net cash provided by (used in) investing activities | 809,961 | (1,237,963) |
| FINANCING ACTIVITIES | ||
| Payments on exercise of stock options | (168) | - |
| Payment of dividends to shareholders | (9,681,245) | (9,674,332) |
| Net cash used in financing activities | (9,681,413) | (9,674,332) |
| Increase (decrease) in cash and cash equivalents | 2,255,918 | (2,929,083) |
| Cash and cash equivalents at beginning of period | 1,714,040 | 8,036,564 |
| Cash and cash equivalents at end of period | 3,969,958 | 5,107,481 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for income taxes | 1,641,360 | 1,680,555 |
Statements found on the EDGAR/iXBRL face print as filed; the rest are presentation-friendly mappings of filer XBRL tags, at the scale noted on each table. EPS as reported. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗