NVE Corp 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ☒Yes☐No If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ NVE CORPORATIONQUARTERLY REPORT ON FORM 10-Q PART I. FINANCIAL INFORMATION Balance SheetsStatements of Income for the Quarters Ended December 31, 2025 and 2024Statements of Comprehensive Income for the Quarters Ended December 31, 2025 and 2024Statements of Income for the Nine Months Ended December 31, 2025 and 2024Statements of Comprehensive Income for the Nine Months Ended December 31, 2025 and 2024Statements of Shareholders’Equity for the Nine Months Ended December 31, 2025Statements of Shareholders’Equity for the Nine Months Ended December 31, 2024Statements of Cash Flows for the Nine Months Ended December 31, 2025 and 2024Notes to Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 4. Controls and Procedures PART II. OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 4. Mine Safety DisclosuresItem 6. Exhibits PART I–FINANCIAL INFORMATION NVE CORPORATIONNOTES TO FINANCIAL STATEMENTS NOTE 1. DESCRIPTION OF BUSINESS NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIESBasis of Presentation The accompanying unaudited financial statements of NVE Corporation are prepared consistent with accounting principles generallyaccepted in the United States and in accordance with Securities and Exchange Commission rules and regulations. In the opinion ofmanagement, these financial statements reflect all adjustments, consisting only of normal and recurring adjustments, necessary for afair presentation of the financial statements. Although we believe that the disclosures are adequate to make the information presentednot misleading, certain disclosures have been omitted as allowed, and the Notes to Financial Statements have been condensed as Significant accounting policies A description of our significant accounting policies and estimates is provided in Note2 to the Financial Statements in our AnnualReport on Form 10-K for the fiscal year ended March31, 2025. As of December31, 2025, there were no changes to our significant NOTE 3. NEW ACCOUNTING STANDARDS NOT YET ADOPTEDIn July 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.2025-05, Financial Instruments—Credit Losses (Topic 326)—Measurement of Credit Losses for Accounts Receivable and Contract Assets.ASU2025-05 aims to reduce the cost and complexity of estimating credit losses while maintaining decision-useful information forfinancial statement users. The guidance allows a practical expedient of assuming current conditions as of the balance sheet date remainunchanged for the remaining life of the assets. ASU2025-05 is effective for fiscal years beginning after December15, 2025, andinterim periods within those annual reporting periods, which will be for fiscal 2027 for us, with early adoption permitted. We are not In November 2024, the FASB issued Accounting Standards Update (ASU) No.2024-03,Income Statement—ReportingComprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40).ASU2024-03 aims to enhance transparency forusers of financial statements by requiring public business entities to disaggregate specific expense categories. In January 2025, theFASB issued ASUNo. 2025-01,Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures(Subtopic 220-40): Clarifying the Effective Date, which clarified the effective date for non-calendar year-end entities such as us.ASU2024-03 mandates disclosures in the notes to financial statements detailing the composition and trends of key expense categorieswithin major income statement captions. These enhanced disclosures are intended to help investors more effectively assess the entity’s In December 2023, the FASB issued ASU No.2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures.ASU2023-09 requires additional quantitative and qualitative income tax disclosures to enable financial statements users to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospectsfor future cash flows. For public business entities, ASU2023-09 is effective for annual periods beginning after December15, 2024,which is fiscal 2026 for us. The adoption will result in disclosure changes only in our next Annual Report on Form 10-K. We do not expect the adoption of other accounting standards that have been issued or proposed by the FASB or other st