Ceva, Inc. Reports $78.3 Million in Revenues for Nine Months Ended September 30, 2025

Ceva, Inc. reported total revenues of $78.3 million for the nine months ended September 30, 2025, reflecting a 1% increase from $77.7 million in the same period of 2024. The third quarter alone saw revenues rise to $28.4 million, a 4% increase compared to $27.2 million in the prior year. The growth in revenue was primarily driven by higher licensing and related revenues, which reached $16.0 million for the third quarter and $46.1 million for the nine months, marking increases of 3% and 4%, respectively. However, royalty revenues experienced a decline, totaling $32.2 million for the nine months, down 4% from the previous year.

The company’s financial performance was impacted by a net loss of $9.5 million for the nine months, compared to a loss of $7.1 million in the same period last year. This resulted in a basic and diluted net loss per share of $0.40, compared to $0.30 in 2024. The increase in net loss was attributed to higher operating expenses, which totaled $78.8 million for the nine months, up from $75.9 million in the prior year. Notably, research and development expenses rose to $55.9 million, reflecting increased investment in technology and product development.

Strategically, Ceva has made significant strides in expanding its product offerings and customer base. The company signed twelve new IP licensing agreements in the third quarter, including a comprehensive deal with Microchip for its NeuPro NPU portfolio, which underscores the growing demand for AI integration in various applications. Additionally, Ceva's technologies are increasingly being adopted in consumer electronics, automotive, and industrial sectors, with a focus on enhancing connectivity and intelligence in devices.

Operationally, Ceva reported a slight decrease in its employee headcount, with 322 research and development personnel as of September 30, 2025, down from 326 a year earlier. The company continues to maintain a strong presence in the Asia-Pacific region, which accounted for $57.4 million of total revenues for the nine months, while the U.S. contributed $15.9 million. Ceva's market share in the wireless connectivity IP market was reported at 68% in 2024, with expectations of significant growth in the Physical AI and Edge AI markets, projected to reach a total addressable market of $170 billion by 2030.

Looking ahead, Ceva anticipates continued expansion in licensing and related revenues, particularly in the industrial IoT and consumer IoT sectors. However, the company has adopted a cautious outlook for 2025, lowering its revenue guidance due to macroeconomic uncertainties, including inflation and geopolitical tensions. Despite these challenges, Ceva remains optimistic about its long-term growth potential, supported by a diversified portfolio and a strong customer pipeline.