CEVA (CEVA) Cash Flow: Operating & Free Cash Flow

CEVA Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for CEVA, Inc. (CEVA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-10.64	-8.79	-11.88	-23.18	0.40	-2.38	0.03	0.57	17.03
Depreciation & Amortization	4.14	4.14	4.88	7.56	6.99	5.82	5.27	4.16	3.25
Deferred Income Tax	-0.07	-0.07	6.68	-6.31	-6.31	-0.34	0.00	-2.19	-0.61
Stock Based Compensation	15.58	15.58	16.20	14.51	0.00	13.64	10.72	10.37	8.69
Change in Working Capital	-16.25	-7.72	-3.21	1.87	12.09	-1.77	-7.17	-8.35	-5.64
Change in Accounts Receivable	-11.85	-6.78	-0.03	-3.75	5.84	-2.92	-2.15	-0.46	-1.45
Change in Inventory	0.00	0.00	-9.02	0.00	0.00	2.50	0.00	-5.12	-0.78
Change in Accounts Payable	0.55	-0.48	-0.82	0.51	0.40	0.19	0.05	0.23	-0.18
Change in Other Working Capital	-4.96	-0.68	1.63	5.11	5.84	-1.54	-5.07	-2.99	-3.23
Other Operating Activities	10.72	0.33	-12.52	12.47	12.64	0.19	0.83	4.05	1.75
Net Cash from Operating Activities	3.47	3.47	-6.33	6.92	25.80	15.16	9.67	8.61	24.47
Investing Activities
Capital Expenditures	-2.96	-2.96	-2.88	-3.50	-2.19	-2.94	-10.83	-5.28	-4.14
Acquisitions	0.00	0.54	-3.60	-29.89	-29.89	-11.05	-11.00	1.96	4.96
Purchases of Investments	-109.15	-48.86	-42.03	-63.87	-40.69	-99.90	-66.53	-41.26	-101.91
Sales/Maturities of Investments	-8.21	49.59	28.76	52.26	56.07	87.62	85.91	56.37	77.26
Other Investing Activities	117.87	-0.75	-30.59	29.89	0.00	11.05	-7.36	-1.96	-4.96
Net Cash from Investing Activities	-2.45	-2.45	10.84	-15.12	-16.71	-15.22	-2.44	9.83	-28.79
Financing Activities
Common Stock Issued	66.49	0.00	3.39	0.00	3.24	0.00	0.00	0.00	7.49
Common Stock Repurchased	-7.15	-8.46	-6.16	-6.79	0.00	-4.78	-9.11	-20.01	0.00
Other Financing Activities	-64.91	2.88	3.39	3.48	0.00	2.67	2.44	2.25	7.49
Net Cash from Financing Activities	-5.57	-5.57	-2.77	-3.31	3.24	-2.11	-6.68	-17.76	7.49
Summary
Effect of Forex Changes on Cash	-0.24	-0.24	0.27	-0.37	-0.33	0.51	-0.01	-0.16	0.17
Net Change in Cash	-4.79	-4.79	2.00	-11.87	12.01	-1.66	0.54	0.52	3.34
Cash at Beginning of Period	23.29	23.29	21.29	33.15	21.14	22.80	22.26	21.74	18.40
Cash at End of Period	18.50	18.50	23.29	21.29	33.15	21.14	22.80	22.26	21.74
Free Cash Flow	0.52	0.52	-9.22	3.43	23.61	12.23	-1.15	3.33	20.33
Supplemental Disclosures
Income Taxes Paid	-	6.26	7.40	10.19	9.18	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CEVA Cash Flow

What is CEVA's free cash flow?

CEVA generated free cash flow of $516.00K in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $3.47M minus $2.96M of capital expenditures. That was flat from $516.00K a year earlier. Free cash flow equaled 0.5% of revenue.

How much does CEVA spend on capital expenditures?

CEVA spent $2.96M on capital expenditures in fiscal 2025, compared with $2.96M a year earlier. That equals 85.1% of operating cash flow.

Does CEVA pay dividends or buy back shares?

Yes. In fiscal 2025 CEVA returned $7.15M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition