Filing Flows › Ceva (CEVA) › Q4 2025
Ceva (CEVA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Ceva (CEVA) reported revenue of $31.3M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +10% from the quarter before. Operating margin was -1.3%, net loss $1.1M (3.5% of revenue).
Ceva, Q4 2025: revenue $31.3M (+7% year over year), operating margin -1.3%, net loss $1.1M, operating cash flow $8.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.3M | +10% | +7% |
| Operating profit | −$398K | — | -638% |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | $8.7M | — | +8% |
| Free cash flow | $7.2M | — | +3% |
What changed
Revenue was $31.3M in Q4 2025, up 7% year over year and up 10% from the previous quarter. License was the largest line at 56% of revenue.
Gross margin was 88.1%, down 0.4 points from Q4 2024. Operating costs exceeded revenue by $398K, an operating margin of -1.3%. Operating expenses grew 8% against revenue growth of 7%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $2.5M loss. Non-operating items added $1.5M, 138% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.7M (up 8% year over year). Non-cash charges added back $1.1M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $1.5M left free cash flow of $7.2M.
Questions
What was Ceva's revenue in the fourth quarter 2025?
Ceva (CEVA) reported revenue of $31.3M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +10% from the quarter before.
Was Ceva profitable in the fourth quarter 2025?
Operating loss was $398K (-1.3% of revenue) and net loss $1.1M.
Source: Ceva 10-K on SEC EDGAR.