CEVA (CEVA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CEVA

NasdaqGS•Technology•Semiconductors

$26.95+0.51(0.02%)Market closed

Market Cap

$835.12M

P/S

7.2x

P/B

2.5x

CEVA, Inc. provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally. The company offers PentaG-RAN, a hardware and software IP for implementing L1 PHY baseband processing in 5G and 5G-A base station and other cellular infrastructure system-on-chips (SoCs); Ceva XC20 DSPs and the PentaG2 platform support 5G/5G Advanced baseband for mobile broadband, RedCap, and IoT devices; Ceva-BX2 baseband processor; Ceva-XC21, high-efficiency vector DSP cores for 5G and 5G-advanced; Ceva-XC23, DSP for 5G and 5G-advanced; and Ceva-Waves Bluetooth platform, a set of hardware IP, software modules, and radios addressing a range of processes and nodes. It also provides Ceva-Waves Wi-Fi platform, a set of hardware IP and CPU-agnostic host software for energy-efficient SoC implementation of Wi-Fi subsystems; Ceva-Waves ultra-wideband platform; Ceva-Waves Links, which provide solutions for SoCs requiring multiple connectivity standards; and Ceva-Waves DragonFly, a turnkey platform for implementing NB-IoT cellular modem SoCs. In addition, the company offers Ceva-SensPro, a family of DSP cores; Ceva-BX1 audio digital signal controller IP; Ceva-ClearVox ENC software, a neural-network-based noise cancellation; Ceva-RealSpace, a spatial audio and head tracking software solution; and Ceva-MotionEngine, a sensor fusion software. Further, it provides Ceva-NeuPro-M, a neural processing unit (NPU) IP for generative AI; a Ceva-NeuPro-Nano, an NPU IP for embedded AI; and Ceva-NeuPro Studio, a software development environment for the development and deployment of AI models on the Ceva-NeuPro NPUs. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. The company was incorporated in 1999 and is headquartered in Rockville, Maryland.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (4/25).

Profitability11/25

Growth12/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality4/25

Strengths

Long cash runwayInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 863.8x5y range 0.4x – 2528.6x

P/S · 7.2x5y range 0.0x – 8.2x

Currently above its 20-quarter median.

P/B · 2.5x5y range 0.0x – 3.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $835.12M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $115.73M
Q. Revenue: $29.03M
TTM EBITDA: $-5.68M
TTM Op. Income: $-9.64M
Q. Op. Income: $-2.08M
TTM Net Income: $-10.98M
Q. Net Income: $-2.91M
EPS: $-0.1
Shares Out.: $28.00M

$115.73M in TTM revenue grew 8.8% YoY, reaching $29.03M last quarter. TTM EBITDA of $-5.68M and TTM operating income of $-9.64M show growth is flowing through to the bottom line. However, net income is negative at $10.98M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 87.4%
EBITDA Margin: -4.4%
Op. Margin: -7.2%
Net Margin: -10.0%

Op. margin of -7.2% is up 10.3% YoY — cost efficiency is improving. Net margin at -10.0% and gross margin of 87.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 59% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 7.2x
P/B Ratio: 2.5x

P/S of 7.2x and P/B of 2.5x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $391.89M
Cash: $44.30M
Long-Term Debt: N/A
Book Value: $340.25M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.83M
TTM Free Cash Flow: $-1.06M
FCF Margin: -0.9%
FCF / Net Income: 0.1

TTM FCF of $-1.06M on $5.83M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.