Ceva, Inc.
CEVA Technology Semiconductors
Ceva, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $109.6 million, up 2.49% from fiscal 2024. In the quarter to June 2026, revenue grew 13.1%, EPS grew 33.3% and free cash flow grew 31.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Ceva, Inc. (CEVA) Altman Z-score
Ceva, Inc.'s Altman Z-score for fiscal 2025 is 7.03, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.03 | (4.55) |
| FY2024 | 11.58 | 2.54 |
| FY2023 | 9.04 | 0.72 |
| FY2022 | 8.31 | (4.30) |
| FY2021 | 12.61 | (1.61) |
| FY2020 | 14.23 | 5.31 |
| FY2019 | 8.92 | (1.65) |
| FY2018 | 10.56 | (9.56) |
| FY2017 | 20.12 | 5.23 |
| FY2016 | 14.89 | 3.02 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.66 | — | 0.79 | |
| Retained earnings / total assets | 0.00 | — | −0.00 | |
| EBIT / total assets | (0.03) | — | −0.10 | |
| Market value of equity / total liabilities | 10.09 | — | 6.06 | |
| Sales / total assets | 0.28 | — | 0.28 | |
| Altman Z-score | Safe zone | 7.03 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 10.95 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NVEC NVE Corporation compare | 92.1× |
| LAES SEALSQ Corp. compare | 7.8× |
| CEVA Ceva, Inc. | 7.0× |
| AOSL Alpha and Omega Semiconductor Limited compare | 6.8× |
| AMBQ Ambiq Micro, Inc. compare | 4.1× |
| POET POET Technologies Inc. compare | 1.4× |
| AIP Arteris, Inc. compare | 0.7× |
| INDI indie Semiconductor, Inc. compare | −0.2× |
| WOLF Wolfspeed, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets