Filing Flows › Ceva (CEVA) › Q2 2025
Ceva (CEVA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Ceva (CEVA) reported revenue of $25.7M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +6% from the quarter before. Operating margin was -17.5%, net loss $3.7M (14.4% of revenue).
Ceva, Q2 2025: revenue $25.7M (-10% year over year), operating margin -17.5%, net loss $3.7M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.7M | +6% | -10% |
| Operating profit | −$4.5M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | $1.2M | — | -50% |
| Free cash flow | $492K | — | -72% |
What changed
Revenue was $25.7M in Q2 2025, down 10% year over year and up 6% from the previous quarter. License was the largest line at 59% of revenue. License lost $2.3M year over year (down 13%), 82% of the total change.
Gross margin was 86.2%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $4.5M, an operating margin of -17.5%. Operating expenses grew 4% against a revenue fall of 10%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $3.3M loss. Non-operating items added $1.9M, -74% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.2M (down 50% year over year). Non-cash charges added back $1.0M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $691K left free cash flow of $492K.
Questions
What was Ceva's revenue in the second quarter 2025?
Ceva (CEVA) reported revenue of $25.7M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +6% from the quarter before.
Was Ceva profitable in the second quarter 2025?
Operating loss was $4.5M (-17.5% of revenue) and net loss $3.7M.
Source: Ceva 10-Q on SEC EDGAR.