vs
Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
Navitas Semiconductor Corp is the larger business by last-quarter revenue ($8.6M vs $5.3M, roughly 1.6× TECOGEN INC.). On growth, TECOGEN INC. posted the faster year-over-year revenue change (-12.5% vs -38.7%). Over the past eight quarters, TECOGEN INC.'s revenue compounded faster (-7.3% CAGR vs -35.2%).
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
NVTS vs TGEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.6M | $5.3M |
| Net Profit | — | $-4.0M |
| Gross Margin | 98.6% | 36.8% |
| Operating Margin | -260.6% | -77.8% |
| Net Margin | — | -75.1% |
| Revenue YoY | -38.7% | -12.5% |
| Net Profit YoY | — | -236.7% |
| EPS (diluted) | — | $-0.14 |
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.
| Q1 26 | $8.6M | — | ||
| Q4 25 | $7.3M | $5.3M | ||
| Q3 25 | $10.1M | $7.2M | ||
| Q2 25 | $14.5M | $7.3M | ||
| Q1 25 | $14.0M | $7.3M | ||
| Q4 24 | $18.0M | $6.1M | ||
| Q3 24 | $21.7M | $5.6M | ||
| Q2 24 | $20.5M | $4.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-31.8M | $-4.0M | ||
| Q3 25 | $-19.2M | $-2.1M | ||
| Q2 25 | $-49.1M | $-1.5M | ||
| Q1 25 | $-16.8M | $-659.9K | ||
| Q4 24 | $-39.9M | $-1.2M | ||
| Q3 24 | $-18.7M | $-930.4K | ||
| Q2 24 | $-22.3M | $-1.5M |
| Q1 26 | 98.6% | — | ||
| Q4 25 | 38.1% | 36.8% | ||
| Q3 25 | 37.9% | 30.4% | ||
| Q2 25 | 16.1% | 33.8% | ||
| Q1 25 | 37.9% | 44.3% | ||
| Q4 24 | 12.4% | 45.0% | ||
| Q3 24 | 39.7% | 44.1% | ||
| Q2 24 | 39.0% | 44.0% |
| Q1 26 | -260.6% | — | ||
| Q4 25 | -567.3% | -77.8% | ||
| Q3 25 | -192.0% | -29.2% | ||
| Q2 25 | -149.4% | -19.4% | ||
| Q1 25 | -180.5% | -8.2% | ||
| Q4 24 | -216.9% | -18.7% | ||
| Q3 24 | -133.6% | -15.5% | ||
| Q2 24 | -152.1% | -31.2% |
| Q1 26 | — | — | ||
| Q4 25 | -436.1% | -75.1% | ||
| Q3 25 | -190.2% | -29.7% | ||
| Q2 25 | -338.7% | -20.1% | ||
| Q1 25 | -120.1% | -9.1% | ||
| Q4 24 | -221.7% | -19.5% | ||
| Q3 24 | -86.4% | -16.5% | ||
| Q2 24 | -109.1% | -32.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.14 | $-0.14 | ||
| Q3 25 | $-0.09 | $-0.07 | ||
| Q2 25 | $-0.25 | $-0.06 | ||
| Q1 25 | $-0.09 | $-0.03 | ||
| Q4 24 | $-0.22 | $-0.05 | ||
| Q3 24 | $-0.10 | $-0.04 | ||
| Q2 24 | $-0.12 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $221.0M | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $420.0M | $21.6M |
| Total Assets | $481.4M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $221.0M | — | ||
| Q4 25 | $236.9M | $12.4M | ||
| Q3 25 | $150.6M | $15.3M | ||
| Q2 25 | $161.2M | $1.6M | ||
| Q1 25 | $75.1M | $4.1M | ||
| Q4 24 | $86.7M | $5.4M | ||
| Q3 24 | $98.3M | $1.3M | ||
| Q2 24 | $111.7M | $841.9K |
| Q1 26 | $420.0M | — | ||
| Q4 25 | $443.7M | $21.6M | ||
| Q3 25 | $371.0M | $25.5M | ||
| Q2 25 | $388.9M | $9.1M | ||
| Q1 25 | $341.8M | $9.6M | ||
| Q4 24 | $348.0M | $10.2M | ||
| Q3 24 | $380.8M | $11.3M | ||
| Q2 24 | $388.1M | $12.2M |
| Q1 26 | $481.4M | — | ||
| Q4 25 | $500.5M | $37.0M | ||
| Q3 25 | $430.2M | $41.5M | ||
| Q2 25 | $449.4M | $28.4M | ||
| Q1 25 | $370.8M | $29.7M | ||
| Q4 24 | $390.0M | $31.1M | ||
| Q3 24 | $419.4M | $27.5M | ||
| Q2 24 | $439.1M | $27.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.1M | $-2.6M | ||
| Q3 25 | $-10.0M | $-3.6M | ||
| Q2 25 | $-11.2M | $-2.6M | ||
| Q1 25 | $-13.5M | $-1.2M | ||
| Q4 24 | $-10.2M | $4.2M | ||
| Q3 24 | $-13.7M | $-207.3K | ||
| Q2 24 | $-15.1M | $-157.9K |
| Q1 26 | — | — | ||
| Q4 25 | $-8.2M | $-2.6M | ||
| Q3 25 | $-10.7M | $-3.6M | ||
| Q2 25 | $-11.9M | $-2.7M | ||
| Q1 25 | $-13.6M | $-1.3M | ||
| Q4 24 | $-10.8M | $4.0M | ||
| Q3 24 | $-14.3M | $-489.6K | ||
| Q2 24 | $-17.9M | $-609.6K |
| Q1 26 | — | — | ||
| Q4 25 | -111.8% | -49.3% | ||
| Q3 25 | -106.1% | -50.6% | ||
| Q2 25 | -82.2% | -37.7% | ||
| Q1 25 | -96.8% | -17.9% | ||
| Q4 24 | -59.8% | 66.6% | ||
| Q3 24 | -65.9% | -8.7% | ||
| Q2 24 | -87.3% | -12.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.9% | ||
| Q3 25 | 7.0% | 1.0% | ||
| Q2 25 | 4.7% | 2.0% | ||
| Q1 25 | 0.3% | 1.8% | ||
| Q4 24 | 3.1% | 2.1% | ||
| Q3 24 | 2.6% | 5.0% | ||
| Q2 24 | 13.4% | 9.6% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NVTS
Segment breakdown not available.
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
