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Side-by-side financial comparison of CEVA INC (CEVA) and VIRCO MFG CORPORATION (VIRC). Click either name above to swap in a different company.

VIRCO MFG CORPORATION is the larger business by last-quarter revenue ($47.6M vs $31.3M, roughly 1.5× CEVA INC). VIRCO MFG CORPORATION runs the higher net margin — -2.8% vs -3.5%, a 0.7% gap on every dollar of revenue. On growth, CEVA INC posted the faster year-over-year revenue change (7.1% vs -42.3%). VIRCO MFG CORPORATION produced more free cash flow last quarter ($24.5M vs $7.2M). Over the past eight quarters, CEVA INC's revenue compounded faster (19.1% CAGR vs 5.7%).

CEVA Logistics is a global logistics and supply chain company that operates both freight management and contract logistics. It was purchased by the CMA CGM group in 2019. Since this purchase, CMA CGM has acquired other logistics and transportation companies to merge with and develop CEVA Logistics, such as Ingram Micro Commerce & Lifecycle Services and GEFCO.

The Virco Manufacturing Corporation, more commonly known as Virco, is an American furniture manufacturer based in Torrance, California which focuses on providing products for educational markets. The principal products of the company include student desks and activity tables, school and office seating, computer stations, lightweight folding tables, and upholstered chairs.

CEVA vs VIRC — Head-to-Head

Bigger by revenue
VIRC
VIRC
1.5× larger
VIRC
$47.6M
$31.3M
CEVA
Growing faster (revenue YoY)
CEVA
CEVA
+49.4% gap
CEVA
7.1%
-42.3%
VIRC
Higher net margin
VIRC
VIRC
0.7% more per $
VIRC
-2.8%
-3.5%
CEVA
More free cash flow
VIRC
VIRC
$17.3M more FCF
VIRC
$24.5M
$7.2M
CEVA
Faster 2-yr revenue CAGR
CEVA
CEVA
Annualised
CEVA
19.1%
5.7%
VIRC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CEVA
CEVA
VIRC
VIRC
Revenue
$31.3M
$47.6M
Net Profit
$-1.1M
$-1.3M
Gross Margin
88.1%
38.0%
Operating Margin
-1.3%
-3.6%
Net Margin
-3.5%
-2.8%
Revenue YoY
7.1%
-42.3%
Net Profit YoY
36.8%
-115.8%
EPS (diluted)
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CEVA
CEVA
VIRC
VIRC
Q4 25
$31.3M
$47.6M
Q3 25
$28.4M
$92.1M
Q2 25
$25.7M
$33.8M
Q1 25
$24.2M
$28.5M
Q4 24
$29.2M
$82.6M
Q3 24
$27.2M
$108.4M
Q2 24
$28.4M
$46.7M
Q1 24
$22.1M
$42.6M
Net Profit
CEVA
CEVA
VIRC
VIRC
Q4 25
$-1.1M
$-1.3M
Q3 25
$-2.5M
$10.2M
Q2 25
$-3.7M
$732.0K
Q1 25
$-3.3M
$-5.7M
Q4 24
$-1.7M
$8.4M
Q3 24
$-1.3M
$16.8M
Q2 24
$-291.0K
$2.1M
Q1 24
$-5.4M
$-2.3M
Gross Margin
CEVA
CEVA
VIRC
VIRC
Q4 25
88.1%
38.0%
Q3 25
88.0%
44.4%
Q2 25
86.2%
47.5%
Q1 25
85.6%
26.2%
Q4 24
88.5%
44.4%
Q3 24
85.4%
46.3%
Q2 24
89.7%
43.5%
Q1 24
88.7%
37.7%
Operating Margin
CEVA
CEVA
VIRC
VIRC
Q4 25
-1.3%
-3.6%
Q3 25
-7.3%
16.7%
Q2 25
-17.5%
-0.3%
Q1 25
-18.1%
-28.5%
Q4 24
0.3%
13.5%
Q3 24
-9.6%
20.2%
Q2 24
-0.1%
6.4%
Q1 24
-22.5%
-6.5%
Net Margin
CEVA
CEVA
VIRC
VIRC
Q4 25
-3.5%
-2.8%
Q3 25
-8.8%
11.1%
Q2 25
-14.4%
2.2%
Q1 25
-13.7%
-20.1%
Q4 24
-5.9%
10.2%
Q3 24
-4.8%
15.5%
Q2 24
-1.0%
4.6%
Q1 24
-24.7%
-5.5%
EPS (diluted)
CEVA
CEVA
VIRC
VIRC
Q4 25
$-0.08
Q3 25
$0.65
Q2 25
$0.05
Q1 25
$-0.37
Q4 24
$0.52
Q3 24
$1.04
Q2 24
$0.13
Q1 24
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CEVA
CEVA
VIRC
VIRC
Cash + ST InvestmentsLiquidity on hand
$40.6M
Total DebtLower is stronger
$3.9M
Stockholders' EquityBook value
$336.5M
$113.6M
Total Assets
$388.3M
$181.5M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CEVA
CEVA
VIRC
VIRC
Q4 25
$40.6M
Q3 25
$17.3M
Q2 25
$29.1M
Q1 25
$18.8M
Q4 24
$18.8M
Q3 24
$13.2M
Q2 24
$25.0M
Q1 24
$21.6M
$5.3M
Total Debt
CEVA
CEVA
VIRC
VIRC
Q4 25
$3.9M
Q3 25
$4.0M
Q2 25
$4.1M
Q1 25
$4.1M
Q4 24
$4.2M
Q3 24
$4.3M
Q2 24
$7.0M
Q1 24
$4.4M
Stockholders' Equity
CEVA
CEVA
VIRC
VIRC
Q4 25
$336.5M
$113.6M
Q3 25
$268.7M
$115.4M
Q2 25
$265.9M
$105.6M
Q1 25
$269.1M
$109.3M
Q4 24
$266.6M
$115.9M
Q3 24
$265.8M
$107.8M
Q2 24
$263.8M
$91.6M
Q1 24
$262.3M
$91.2M
Total Assets
CEVA
CEVA
VIRC
VIRC
Q4 25
$388.3M
$181.5M
Q3 25
$306.0M
$198.6M
Q2 25
$302.8M
$183.8M
Q1 25
$310.0M
$191.9M
Q4 24
$308.9M
$210.1M
Q3 24
$304.9M
$216.3M
Q2 24
$300.4M
$152.5M
Q1 24
$301.4M
$146.4M
Debt / Equity
CEVA
CEVA
VIRC
VIRC
Q4 25
0.03×
Q3 25
0.03×
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.08×
Q1 24
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CEVA
CEVA
VIRC
VIRC
Operating Cash FlowLast quarter
$8.7M
$25.8M
Free Cash FlowOCF − Capex
$7.2M
$24.5M
FCF MarginFCF / Revenue
23.1%
51.5%
Capex IntensityCapex / Revenue
4.8%
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CEVA
CEVA
VIRC
VIRC
Q4 25
$8.7M
$25.8M
Q3 25
$-5.9M
$3.2M
Q2 25
$1.2M
$-19.0M
Q1 25
$-7.4M
$-8.3M
Q4 24
$8.0M
$33.5M
Q3 24
$399.0K
$12.5M
Q2 24
$2.4M
$-4.5M
Q1 24
$-7.3M
$4.7M
Free Cash Flow
CEVA
CEVA
VIRC
VIRC
Q4 25
$7.2M
$24.5M
Q3 25
$-6.3M
$1.8M
Q2 25
$492.0K
$-21.5M
Q1 25
$-7.7M
$-9.2M
Q4 24
$7.0M
$31.0M
Q3 24
$-15.0K
$10.7M
Q2 24
$1.8M
$-5.6M
Q1 24
$-8.3M
$4.0M
FCF Margin
CEVA
CEVA
VIRC
VIRC
Q4 25
23.1%
51.5%
Q3 25
-22.1%
2.0%
Q2 25
1.9%
-63.6%
Q1 25
-31.8%
-32.4%
Q4 24
24.0%
37.5%
Q3 24
-0.1%
9.8%
Q2 24
6.2%
-12.0%
Q1 24
-37.4%
9.5%
Capex Intensity
CEVA
CEVA
VIRC
VIRC
Q4 25
4.8%
2.7%
Q3 25
1.5%
1.5%
Q2 25
2.7%
7.2%
Q1 25
1.3%
3.3%
Q4 24
3.5%
3.0%
Q3 24
1.5%
1.7%
Q2 24
2.1%
2.3%
Q1 24
4.1%
1.5%
Cash Conversion
CEVA
CEVA
VIRC
VIRC
Q4 25
Q3 25
0.31×
Q2 25
-26.00×
Q1 25
Q4 24
3.98×
Q3 24
0.74×
Q2 24
-2.11×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CEVA
CEVA

Transferred At Point In Time$28.1M90%
Transferred Over Time$3.2M10%

VIRC
VIRC

Segment breakdown not available.

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