Filing Flows › Ceva (CEVA) › Q3 2025
Ceva (CEVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Ceva (CEVA) reported revenue of $28.4M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +11% from the quarter before. Operating margin was -7.3%, net loss $2.5M (8.8% of revenue).
Ceva, Q3 2025: revenue $28.4M (+4% year over year), operating margin -7.3%, net loss $2.5M, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.4M | +11% | +4% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$5.9M | -595% | — |
What changed
Revenue was $28.4M in Q3 2025, up 4% year over year and up 11% from the previous quarter. License was the largest line at 56% of revenue. Royalty added $723K year over year (up 6%), 61% of the total change.
Gross margin was 88.0%, up 2.6 points from a year earlier. Operating costs exceeded revenue by $2.1M, an operating margin of -7.3%. Operating expenses grew 5% against revenue growth of 4%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $3.7M loss. Non-operating items added $1.2M, -149% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.9M. Non-cash charges added back $1.1M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $426K exceeded it, leaving free cash flow of −$6.3M.
Questions
What was Ceva's revenue in the third quarter 2025?
Ceva (CEVA) reported revenue of $28.4M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +11% from the quarter before.
Was Ceva profitable in the third quarter 2025?
Operating loss was $2.1M (-7.3% of revenue) and net loss $2.5M.
Source: Ceva 10-Q on SEC EDGAR.