Perfect (PERF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PERF SEC filings page.
Perfect Corp. (PERF) reported $69.2M in revenue for fiscal year 2025, up 14.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Perfect Corp. grows revenue while converting accounting profit into cash, but rising liabilities and investment keep operating margins thin.
Cash conversion is the least obvious strength: FY2025 operating cash flow was$13.3M against net income of$4.6M . That cash generation required only$425K of capex against$12.9M of free cash flow, pointing to a low-reinvestment model in which reported earnings understate near-term cash generation.
Revenue expanded from
Balance-sheet capacity remains substantial: liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Perfect Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Perfect Corp. has an operating margin of -2.5%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 23/100. This is up from -5.2% the prior year.
Perfect Corp.'s revenue grew 14.9% year-over-year to $69.2M, a solid pace of expansion. This earns a growth score of 72/100.
With a current ratio of 4.60, Perfect Corp. holds $4.60 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Perfect Corp. converts 18.6% of revenue into free cash flow ($12.9M). This strong cash generation earns a score of 87/100.
Perfect Corp. generates a 3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is down from 3.4% the prior year.
Perfect Corp. scores 1.60, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $370.8M against total assets of $192.0M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Perfect Corp. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Perfect Corp. generates $2.87 in operating cash flow ($13.3M OCF vs $4.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Perfect Corp. reported an operating loss of $1.7M against $16K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Perfect Corp. generated $69.2M in revenue in fiscal year 2025. This represents an increase of 14.9% from the prior year.
Perfect Corp. reported $4.6M in net income in fiscal year 2025. This represents a decrease of 7.5% from the prior year.
Perfect Corp. earned $0.05 per diluted share (EPS) in fiscal year 2025. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Perfect Corp. generated $12.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.1% from the prior year.
Perfect Corp. held $126.0M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Perfect Corp.'s gross margin was 77.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.
Perfect Corp.'s operating margin was -2.5% in fiscal year 2025, reflecting core business profitability. This is up 2.7 percentage points from the prior year.
Perfect Corp.'s net profit margin was 6.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.6 percentage points from the prior year.
Perfect Corp.'s ROE was 3.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Capital Allocation
Perfect Corp. invested $15.4M in research and development in fiscal year 2025. This represents an increase of 28.4% from the prior year.
Perfect Corp. invested $425K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.4% from the prior year.
Not reported for fiscal year 2025.
PERF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Revenue | $69.2M+14.9% | $60.2M+12.5% | $53.5M+13.1% | $47.3M+16.0% | $40.8M+36.4% | $29.9M |
| Cost of Revenue | $15.6M+17.9% | $13.3M+27.5% | $10.4M+45.9% | $7.1M+24.3% | $5.7M+44.8% | $4.0M |
| Gross Profit | $53.5M+14.0% | $46.9M+8.9% | $43.1M+7.3% | $40.2M+14.7% | $35.0M+35.2% | $25.9M |
| R&D Expenses | $15.4M+28.4% | $12.0M+4.7% | $11.5M+9.3% | $10.5M+6.5% | $9.8M+30.0% | $7.6M |
| Operating Income | -$1.7Mn/m | -$3.1Mn/m | -$5.7Mn/m | -$71.1Mn/m | -$5.0Mn/m | -$2.8M |
| Interest Expense | $16K-11.1% | $18K+20.0% | $15K+87.5% | $8K-11.1% | $9K0.0% | $9K |
| Income Tax | $1.1Mn/m | -$735K-739.1% | $115K-60.6% | $292K-30.0% | $417K+8.3% | $385K |
| Net Income | $4.6M-7.5% | $5.0M-7.3% | $5.4Mn/m | -$161.7Mn/m | -$156.9Mn/m | -$5.6M |
| EPS (Basic) | $0.050.0% | $0.050.0% | $0.05 | -$2.37n/m | -$2.96n/m | -$0.10 |
| EPS (Diluted) | $0.050.0% | $0.050.0% | $0.05 | -$2.37n/m | -$2.96n/m | -$0.10 |
| Diluted Shares (Avg) | 102M0.0% | 102M-13.7% | 118M | 68M+29.0% | 53M-4.5% | 55M |
Not reported in any period shown, so not listed: SG&A Expenses, EBITDA.
PERF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Total Assets | $192.0M+6.0% | $181.2M+6.3% | $170.4M-19.0% | $210.3M+136.5% | $88.9M | N/A |
| Current Assets | $173.3M-2.6% | $177.9M+5.5% | $168.7M-19.4% | $209.2M+139.1% | $87.5M | N/A |
| Cash & Equivalents | $126.0M-0.9% | $127.1M+2.6% | $123.9M-23.8% | $162.6M+102.1% | $80.5M+1.8% | $79.0M |
| Inventory | $17K-5.6% | $18K-45.5% | $33K-26.7% | $45K-48.9% | $88K | N/A |
| Goodwill | $2.8M+8568.8% | $32K-58.4% | $77K | N/A | N/A | N/A |
| Total Liabilities | $38.9M+13.8% | $34.2M+10.3% | $31.0M+9.4% | $28.3M-89.9% | $279.3M | N/A |
| Current Liabilities | $37.7M+16.9% | $32.2M+11.5% | $28.9M+16.0% | $24.9M+25.9% | $19.8M | N/A |
| Non-Current Liabilities | $1.2M-37.9% | $1.9M-5.3% | $2.1M-39.4% | $3.4M-98.7% | $259.6M | N/A |
| Total Equity | $153.1M+4.1% | $147.0M+5.5% | $139.4M-23.4% | $182.0Mn/m | -$190.4Mn/m | -$35.7M |
| Retained Earnings | -$370.8Mn/m | -$375.4Mn/m | -$380.5Mn/m | -$385.9Mn/m | -$224.1M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Long-Term Debt.
PERF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.3M+2.3% | $13.0M-4.2% | $13.6Mn/m | -$3.3M-313.5% | $1.5M-29.4% | $2.2M |
| Capital Expenditures | $425K+8.4% | $392K+35.6% | $289K+75.2% | $165K+7.1% | $154K-28.4% | $215K |
| Free Cash Flow | $12.9M+2.1% | $12.6M-5.1% | $13.3Mn/m | -$3.5M-348.9% | $1.4M-29.5% | $2.0M |
| Investing Cash Flow | -$14.1Mn/m | -$8.9Mn/m | -$637Kn/m | -$30.3Mn/m | -$213K-102.7% | $7.8M |
| Financing Cash Flow | -$562Kn/m | -$525Kn/m | -$51.5M-143.6% | $118.0Mn/m | -$63K-100.2% | $39.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $10.0M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid.
PERF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Gross Margin | 77.4%-0.6pp | 78.0%-2.6pp | 80.6%-4.4pp | 84.9%-1.0pp | 85.9%-0.8pp | 86.7% |
| Operating Margin | -2.5%+2.7pp | -5.2%+5.4pp | -10.6% | -150.3% | -12.4%-2.8pp | -9.5% |
| Net Margin | 6.7%-1.6pp | 8.3%-1.8pp | 10.1% | -342.0% | -384.8% | -18.7% |
| Return on Equity | 3.0%-0.4pp | 3.4%-0.5pp | 3.9%+92.8pp | -88.9% | N/A | N/A |
| Return on Assets | 2.4%-0.3pp | 2.8%-0.4pp | 3.2%+80.1pp | -76.9%+99.5pp | -176.4% | N/A |
| Current Ratio | 4.60-0.9x | 5.52-0.3x | 5.84-2.6x | 8.39+4.0x | 4.42 | N/A |
| Liabilities-to-Equity | 0.250.0x | 0.230.0x | 0.22+0.1x | 0.16 | N/A | N/A |
| Asset Turnover | 0.360.0x | 0.330.0x | 0.31+0.1x | 0.22-0.2x | 0.46 | N/A |
| FCF Margin | 18.6%-2.3pp | 20.9%-3.9pp | 24.8%+32.2pp | -7.3%-10.8pp | 3.4%-3.2pp | 6.6% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Perfect Corp. PERF | FY2025 | $69.2M | $4.6M | 6.7% | $202.7M | 62/100 |
| Kaltura, Inc. KLTR | FY2025 | $180.9M | -$12.1M | -6.7% | $221.2M | 65/100 |
| DHI Group, Inc. DHX | FY2025 | $127.8M | -$13.5M | -10.6% | $196.3M | 20/100 |
| Digimarc Corporation DMRC | FY2025 | $33.9M | -$32.3M | -95.3% | $199.1M | 37/100 |
| Duos Technologies Group, Inc. DUOT | FY2025 | $27.0M | -$9.8M | -36.4% | $195.1M | 40/100 |
| Expensify, Inc. EXFY | FY2025 | $142.1M | -$21.4M | -15.0% | $214.3M | 58/100 |
Where Perfect Corp. Ranks
Frequently Asked Questions
Perfect Corp. (PERF) reported $69.2M in total revenue for fiscal year 2025. This represents a 14.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Perfect Corp. (PERF) revenue grew by 14.9% year-over-year, from $60.2M to $69.2M in fiscal year 2025.
Yes, Perfect Corp. (PERF) reported a net income of $4.6M in fiscal year 2025, with a net profit margin of 6.7%.
Perfect Corp. (PERF) had a gross margin of 77.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Perfect Corp. (PERF) had an operating margin of -2.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Perfect Corp. (PERF) had a net profit margin of 6.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Perfect Corp. (PERF) has a return on equity of 3.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Perfect Corp. (PERF) generated $12.9M in free cash flow during fiscal year 2025. This represents a 2.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Perfect Corp. (PERF) generated $13.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Perfect Corp. (PERF) had $192.0M in total assets as of fiscal year 2025, including both current and long-term assets.
Perfect Corp. (PERF) invested $425K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Perfect Corp. (PERF) invested $15.4M in research and development during fiscal year 2025.
Perfect Corp. (PERF) had a current ratio of 4.60 as of fiscal year 2025, which is generally considered healthy.
Perfect Corp. (PERF) had a liabilities-to-equity ratio of 0.25 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Perfect Corp. (PERF) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Perfect Corp. (PERF) trades at 43.7x earnings, its market capitalization divided by $4.6M net income, FY2025. The market capitalization is $202.7M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Perfect Corp. (PERF) trades at 2.9x sales, its market capitalization divided by $69.2M revenue, FY2025. The market capitalization is $202.7M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Perfect Corp. (PERF) has an Altman Z-Score of 1.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Perfect Corp. (PERF) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Perfect Corp. (PERF) has an earnings quality ratio of 2.87x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Perfect Corp. (PERF) reported an operating loss of $1.7M against $16K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Perfect Corp. (PERF) scores 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.