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Private company

Transphorm, Inc.

American semiconductors and related devices company based in Goleta1

In its 2023 annual report the company says: “We are a global semiconductor company founded in 2007. We are a pioneer, and a market and technology leader, in the wide-bandgap GaN power electronics field for high voltage power conversion applications. We deliver high quality and reliable GaN devices with high performance, while providing application design support to a growing customer base.”49

Last updated Oct 21, 2026.

Overview

$16.5MRevenue, fiscal 20232
-$30.6MNet income, fiscal 20233
  • IndustrySemiconductors & Related Devices1
  • HeadquartersGoleta, California1
  • Incorporated inDE4
  • Business address75 Castilian Drive, Goleta, Ca 931174
  • Filer category, Emerging growth company4
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-5.8%Gross margin2
-174.3%Operating margin2
-185.3%Net margin3
-31.3%Revenue growth, 20232
-156.0%Return on equity2
0.62×Debt to equity2
-$33.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue64¢$17.5M
  • Research and development33¢$8.9M
  • Interest3¢$730.0K

Out of $16.5M in revenue.23 The company lost money this year.

Financial statements

Revenue562$16.5M in 2023+38% since 2019
0$10.0M$20.0M$30.0M2019: $11.9M$11.9M20192020: $11.4M$11.4M2020−5%2022: $24.1M$24.1M2022+112%2023: $16.5M$16.5M2023−31%
Gross profit62-$950.0K in 2023
-$5.0M0$5.0M$10.0M$15.0M2020: $4.7M$4.7M20202022: $11.5M$11.5M2022+146%2023: -$950.0K-$950.0K2023
Operating income7562-$28.8M in 2023+68256% since 2018
-$30.0M-$20.0M-$10.0M02018: -$42.1K-$42.1K20182019: -$11.9M-$11.9M2019+28212%2020: -$13.4M-$13.4M2020+12%2022: -$9.9M-$9.9M2022−26%2023: -$28.8M-$28.8M2023+191%
Net income75623-$30.6M in 2023+68774% since 2018
-$40.0M-$30.0M-$20.0M-$10.0M02018: -$44.4K-$44.4K20182019: -$15.3M-$15.3M2019+34299%2020: -$17.9M-$17.9M2020+17%2022: -$10.2M-$10.2M2022−43%2023: -$30.6M-$30.6M2023+199%
Fiscal year2017201820192020202120222023
Revenue$11.9M5$11.4M6$24.1M2$16.5M2
Cost of revenue$6.5M5$6.7M6$12.5M2$17.5M2
Gross profit$4.7M6$11.5M2-$950.0K2
Research and development$8.1M5$5.6M6$6.7M2$8.9M2
Operating expenses$21.4M2$27.8M2
Operating income-$42.1K7-$11.9M5-$13.4M6-$9.9M2-$28.8M2
Interest$2.3K7$758.0K5$760.0K6$792.0K2$730.0K2
Income tax$05$06$02$02
Net income-$44.4K7-$15.3M5-$17.9M6-$10.2M2-$30.6M3
Earnings per share-$0.566-$0.222-$0.542
Earnings per share (diluted)-$0.566-$0.222-$0.542
Shares (weighted, basic)46.1M shares256.2M shares2
Shares (weighted, diluted)46.1M shares256.2M shares2

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Corporate structure

Transphorm, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Transphorm, Inc.

  • Ameriprise Financial Filed SC 13G/A on Transphorm, Inc., latest Nov 14, 2024 (4 filings since Feb 14, 2022)
  • KKR Phorm Investors L.P. Filed SC 13D/A on Transphorm, Inc., latest Jun 20, 2024 (5 filings since Nov 8, 2021)
  • Yaskawa Electric Corporation Filed SC 13G/A on Transphorm, Inc., latest Feb 13, 2024 (2 filings since Oct 7, 2021)
  • SAS Capital Co., Ltd. Filed SC 13G/A on Transphorm, Inc., latest Feb 12, 2024 (3 filings since Dec 8, 2021)
  • Orin Hirschman Filed SC 13G/A on Transphorm, Inc., latest Jan 25, 2024 (3 filings since Feb 11, 2022)
  • Transphorm, Inc. Goleta, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Transphorm, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$23.6M2 Mar 31, 2023$21.6M2 Mar 31, 2022+9.1%
Accumulated depreciation$15.7M2 Mar 31, 2023$20.0M2 Mar 31, 2022−21.4%
Property and equipment, net$7.9M2 Mar 31, 2023$1.6M2 Mar 31, 2022+378.5%
Operating-lease assets (leased space)$3.0M2 Mar 31, 2023$3.5M2 Apr 1, 2022−13.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$15.5M2 Mar 31, 2023$33.4M2 Mar 31, 2022−53.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1M2 Mar 31, 2023$1.2M2 Mar 31, 2022−8.6%
Finite-lived intangibles, gross$5.2M2 Mar 31, 2023$5.2M2 Mar 31, 20220%
Accumulated amortization$4.7M2 Mar 31, 2023$4.4M2 Mar 31, 2022+6.7%
Finite-lived intangibles, net$321.0K2 Mar 31, 2023$617.0K2 Mar 31, 2022−48.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$8.4M2 Mar 31, 2023$6.3M2 Mar 31, 2022+32.8%
Raw materials$5.2M2 Mar 31, 2023$2.4M2 Mar 31, 2022+114.2%
Work in process$1.7M2 Mar 31, 2023$1.9M2 Mar 31, 2022−7.8%
Finished goods$711.0K2 Mar 31, 2023$425.0K2 Mar 31, 2022+67.3%

Leadership

Who has led Transphorm, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mario Rivas2020–2023
  2. Primit Parikh2023–2024

President

  1. Primit Parikh2022–2024

Chief financial officer

  1. Cameron McAulay2020–2024

Chief operating officer

  1. Primit Parikh2020–2023
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorUmesh Mishra named Nov 10, 2021 to Dec 29, 202323

Former names

  • Peninsula Acquisition CorpAug 29, 2017 to Feb 18, 20204

Timeline

  1. Jun 20, 20248-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer24
  2. Apr 10, 20248-K Shareholder vote25
  3. Mar 5, 20248-K Entered a material agreement; New debt or obligation26
  4. Feb 20, 20248-K Results of operations27
  5. Jan 11, 20248-K Entered a material agreement; Other events28
  6. Dec 28, 20238-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation29
  7. Nov 9, 20238-K Results of operations30
  8. Oct 11, 20238-K Shareholder vote31
  9. Oct 4, 20238-K Other events32
  10. Aug 14, 20238-K Results of operations33
  11. Aug 8, 20238-K Executive or director change34
  12. Aug 7, 20238-K Other events35
  13. Jul 5, 2023New chief executive Primit Parikh becomes CEO11
  14. Mar 12, 2020New chief executive Mario Rivas becomes CEO12

Calendar

When it reported results

  1. Feb 20, 2024Reported quarterly or annual results27
  2. Nov 9, 2023Reported quarterly or annual results30
  3. Aug 14, 2023Reported quarterly or annual results33
  4. Jun 27, 2023Reported quarterly or annual results36
  5. Feb 22, 2023Reported quarterly or annual results37
  6. Nov 9, 2022Reported quarterly or annual results38
  7. Aug 15, 2022Reported quarterly or annual results39
  8. May 24, 2022Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

247 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 41 major events, 87 insider forms, 17 large holders, 4 private raises, 88 other. The latest 20:

  1. Nov 14, 2024SC 13G/A EDGAR
  2. Jul 1, 202415-12G EDGAR
  3. Jun 20, 2024EFFECT EDGAR
  4. Jun 20, 2024EFFECT EDGAR
  5. Jun 20, 2024EFFECT EDGAR
  6. Jun 20, 2024EFFECT EDGAR
  7. Jun 20, 2024EFFECT EDGAR
  8. Jun 20, 2024EFFECT EDGAR
  9. Jun 20, 2024EFFECT EDGAR
  10. Jun 20, 2024EFFECT EDGAR
  11. Jun 20, 20244 EDGAR
  12. Jun 20, 20244 EDGAR
  13. Jun 20, 20244 EDGAR
  14. Jun 20, 20244 EDGAR
  15. Jun 20, 20244 EDGAR
  16. Jun 20, 20244 EDGAR
  17. Jun 20, 20244 EDGAR
  18. Jun 20, 2024S-8 POS EDGAR
  19. Jun 20, 2024S-8 POS EDGAR
  20. Jun 20, 2024POS AM EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

28 open-market trades by officers, directors and large owners since October 2021: 2 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 20, 2024KKR Group Holdings Corp.10% ownerSale24,411,968$5.10$124.5MForm 4
May 22, 2024MCFARLAND KATHARINA G.DirectorSale3,996$4.89$19.5KForm 4
May 22, 2024Smales KellyDirectorSale3,996$4.89$19.5KForm 4
Apr 24, 2024MCFARLAND KATHARINA G.DirectorSale840$4.85$4.1KForm 4
Apr 24, 2024Smales KellyDirectorSale475$4.85$2.3KForm 4
Apr 4, 2024Smales KellyDirectorSale766$4.90$3.8KForm 4
Feb 29, 2024Parikh PrimitPRESIDENT AND CEOSale6,000$4.80$28.8KForm 4
Feb 28, 2024MCFARLAND KATHARINA G.DirectorSale3,996$4.81$19.2KForm 4
Feb 28, 2024Smales KellyDirectorSale3,996$4.81$19.2KForm 4
Jan 24, 2024Smales KellyDirectorSale471$4.82$2.3KForm 4
Jan 24, 2024MCFARLAND KATHARINA G.DirectorSale833$4.82$4.0KForm 4
Jan 4, 2024Smales KellyDirectorSale766$3.90$3.0KForm 4
Jan 2, 2024Smales KellyDirectorSale2,187$3.61$7.9KForm 4
Nov 22, 2023Smales KellyDirectorSale3,995$2.63$10.5KForm 4
Nov 22, 2023MCFARLAND KATHARINA G.DirectorSale3,995$2.70$10.8KForm 4
Nov 20, 2023MCFARLAND KATHARINA G.DirectorSale3,515$3.01$10.6KForm 4
Nov 20, 2023Smales KellyDirectorSale656$2.89$1.9KForm 4
Nov 17, 2023Smales KellyDirectorSale3,227$2.82$9.1KForm 4
Jul 21, 2023KKR Group Holdings Corp.10% ownerBuy1,735,988$3.30$5.7MForm 4
Nov 30, 2022Parikh PrimitPRESIDENT AND CEOSale1,648$5.63$9.3KForm 4

All 28 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$71.8M 2021–2023
Money received by yearMoney received by year, 2021–2023: $71.8M in all. Private raises (Form D) $71.8M.$0$20M$40M$60M2021 · Private raises (Form D): $45.9M202120222023 · Private raises (Form D): $25.9M2023
Figures by year
YearPrivate raises (Form D)Total
2023$25.9M$25.9M
2021$45.9M$45.9M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Dec 21, 2023Raised $4.1 million in a private offering of securities23 Form D: 5 investors so far Form D
  2. Apr 3, 2023Raised $21.9 million in a private offering of equity46 Form D: 10 investors so far Form D
  3. Dec 7, 2021Raised $12.9 million in a private offering of equity47 Form D: 2 investors so far Form D
  4. Nov 5, 2021Raised $33 million in a private offering of equity48 Form D: 10 investors so far Form D

SEC filer profile

How Transphorm, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTransphorm, Inc.1
  • CIK0001715768
  • Employer ID (EIN)82-18588291
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsMarch 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address75 Castilian Drive, Goleta, CA 931171
  • Phone805-456-13001
  • Shares outstanding63,266,180 as of Feb 6, 20249
  • Public float$169.5M as of Sep 30, 20222
  • On EDGAR sinceAug 29, 20171
  • Filings377 in all: 4 (105), 8-K (60), 10-Q (20), EFFECT (18), 3 (15), 144 (14), 424B3 (14), SC 13G/A (13)1
    All 46 form types

    UPLOAD (11), CORRESP (10), POS AM (9), D (8), S-3 (7), 144/A (6), SC 13D/A (6), SC 13G (6), 10-K (5), DEF 14A (5), DEFA14A (5), 4/A (4), SD (3), 8-K/A (2), NT 10-Q (2), PRE 14A (2), S-1 (2), S-8 (2), S-8 POS (2), SC 14F1 (2), SEC STAFF LETTER (2), 10-12G (1), 10-K/A (1), 10-KT (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14C (1), DEFM14A (1), DRS (1), PRE 14C (1), PREM14A (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Jun 28, 2023
    Quarterly report (10-Q) Feb 20, 2024
    Proxy statement (DEF 14A) Aug 31, 2023
    Latest 8-K (8-K) Jun 20, 2024

Sources

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    SEC EDGAROther events
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