NVE Corp 2025年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549 FORM 10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number000-12196 NVE CORPORATION(Exact name of registrant as specified in its charter) 55344(Zip Code) Registrant’s telephone number, including area code(952) 829-9217 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredThe NASDAQ Stock Market, LLC Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ 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 wasrequiredto file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerginggrowthcompany☐ 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.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of the Registrant, based on the closing price on September30,2024, the last business day of the Registrant’s most recently completed second fiscal quarter, as reported on the NASDAQ StockMarket, was approximately $217million. The number of shares of the registrant’s Common Stock (par value $0.01) outstanding as of March 31, 2026 was 4,837,166. DOCUMENTS INCORPORATED BY REFERENCE Portions of our Proxy Statement for our 2026 Annual Meeting of Shareholders are incorporated by referenceinto Items 10,11,12, 13, and 14 of Part III hereof. NVE CORPORATIONINDEX TO FORM 10-K PART IItem 1. Business. Our StrategyOur Products and MarketsProduct ManufacturingSales and Product DistributionNew Product StatusOur CompetitionSources and Availability of Raw MaterialsIntellectual PropertyDependence on Major CustomersCompliance With Government RegulationsHuman Capital ResourcesAvailable InformationItem 1A. Risk Factors.Item 1B. Unresolved Staff Comments.Item 1C. Cybersecurity.Item 2. Properties.Item 3. Legal Proceedings.Item 4. Mine Safety Disclosures. PART IIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information and DividendsShareholdersSecurities Authorized for Issuance Under Equity Compensation PlansStock Repurchase ProgramItem 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item 8. Financial Statements and Supplementary Data.Item 9A. Controls and Procedures.Item 9B. Other Information.Item 9C. Disclosure Regarding Foreign Jurisdiction That Prevent Inspections. PART IIIItem 10. D