Filing Flows › Ceva (CEVA) › Q1 2025
Ceva (CEVA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Ceva (CEVA) reported revenue of $24.2M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -17% from the quarter before. Operating margin was -18.1%, net loss $3.3M (13.7% of revenue).
Ceva, Q1 2025: revenue $24.2M (+10% year over year), operating margin -18.1%, net loss $3.3M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.2M | -17% | +10% |
| Operating profit | −$4.4M | -6022% | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$7.4M | -192% | — |
What changed
Revenue was $24.2M in Q1 2025, up 10% year over year and down 17% from the previous quarter. License was the largest line at 62% of revenue. License added $3.6M year over year (up 32%), 167% of the total change. Royalty declined 14%.
Gross margin was 85.6%, down 3.0 points from a year earlier. Operating costs exceeded revenue by $4.4M, an operating margin of -18.1%. Operating expenses grew 2% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+22%). The quarter ended with a net loss of $3.3M, wider than the previous quarter's $1.7M loss. Non-operating items added $2.0M, -88% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.4M. Non-cash charges added back $800K of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $311K exceeded it, leaving free cash flow of −$7.7M.
Questions
What was Ceva's revenue in the first quarter 2025?
Ceva (CEVA) reported revenue of $24.2M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -17% from the quarter before.
Was Ceva profitable in the first quarter 2025?
Operating loss was $4.4M (-18.1% of revenue) and net loss $3.3M.
Source: Ceva 10-Q on SEC EDGAR.