Peraso Financials
This page shows Peraso (PRSO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Peraso'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.
Peraso has an operating margin of -39.0%, meaning the company retains $-39 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -85.3% the prior year.
Peraso's revenue declined 16.3% year-over-year, from $14.6M to $12.2M. This contraction results in a growth score of 24/100.
Peraso carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.14, Peraso holds $4.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.
While Peraso generated -$5.6M in operating cash flow, capex of $107K consumed most of it, leaving -$5.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Peraso generates a -102.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -308.7% the prior year.
Peraso passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Peraso generates $1.18 in operating cash flow (-$5.6M OCF vs -$4.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Peraso earns $-4760.0 in operating income for every $1 of interest expense (-$4.8M vs $1K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Peraso generated $12.2M in revenue in fiscal year 2025. This represents a decrease of 16.3% from the prior year.
Peraso's EBITDA was -$4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.2% from the prior year.
Peraso reported -$4.8M in net income in fiscal year 2025. This represents an increase of 55.6% from the prior year.
Peraso earned $-0.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 81.2% from the prior year.
Cash & Balance Sheet
Peraso generated -$5.7M in free cash flow in fiscal year 2025, representing cash available after capex.
Peraso held $2.9M in cash against $0 in long-term debt as of fiscal year 2025.
Peraso had 13M shares outstanding in fiscal year 2025. This represents an increase of 181.0% from the prior year.
Margins & Returns
Peraso's gross margin was 58.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.3 percentage points from the prior year.
Peraso's operating margin was -39.0% in fiscal year 2025, reflecting core business profitability. This is up 46.3 percentage points from the prior year.
Peraso's net profit margin was -39.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 34.4 percentage points from the prior year.
Peraso's ROE was -102.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 206.2 percentage points from the prior year.
Capital Allocation
Peraso invested $6.2M in research and development in fiscal year 2025. This represents a decrease of 32.4% from the prior year.
Peraso invested $107K in capex in fiscal year 2025, funding long-term assets and infrastructure.
PRSO Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2M+45.7% | $2.2M-42.6% | $3.9M+5.2% | $3.7M-4.2% | $3.8M-9.4% | $4.2M+50.5% | $2.8M+53.7% | $1.8M |
| Cost of Revenue | $1.4M+23.5% | $1.1M-3.5% | $1.2M-26.1% | $1.6M-20.9% | $2.0M+7.8% | $1.9M+25.0% | $1.5M-66.7% | $4.5M |
| Gross Profit | $1.8M+69.3% | $1.1M-60.0% | $2.7M+29.5% | $2.1M+14.5% | $1.8M-23.1% | $2.4M+80.0% | $1.3M+148.4% | -$2.7M |
| R&D Expenses | $1.5M-8.1% | $1.7M+5.0% | $1.6M-0.8% | $1.6M-26.1% | $2.2M-18.4% | $2.6M-6.7% | $2.8M-15.6% | $3.4M |
| SG&A Expenses | $1.5M+4.8% | $1.4M-12.4% | $1.6M-22.6% | $2.1M-11.4% | $2.3M+9.7% | $2.1M+1.9% | $2.1M-3.3% | $2.2M |
| Operating Income | -$1.2M+33.0% | -$1.8M-245.7% | -$514K+68.4% | -$1.6M+39.7% | -$2.7M+39.7% | -$4.5M-23.2% | -$3.6M+55.9% | -$8.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.2M+33.8% | -$1.8M-288.3% | -$471K+69.3% | -$1.5M+43.5% | -$2.7M+38.7% | -$4.4M-117.9% | -$2.0M+77.3% | -$8.9M |
| EPS (Diluted) | $-0.17+45.2% | $-0.31-210.0% | $-0.10 | N/A | $-0.98+47.9% | $-1.88-75.7% | $-1.07 | N/A |
PRSO Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.2M+12.8% | $5.5M-17.8% | $6.7M-6.6% | $7.2M+0.2% | $7.2M-26.3% | $9.8M-15.5% | $11.5M+7.8% | $10.7M |
| Current Assets | $5.6M+16.2% | $4.8M-19.5% | $6.0M-5.3% | $6.3M+20.0% | $5.2M-22.2% | $6.7M-9.6% | $7.5M+34.6% | $5.5M |
| Cash & Equivalents | $1.9M+5.9% | $1.8M-36.5% | $2.8M-17.0% | $3.3M+153.9% | $1.3M-29.5% | $1.9M-23.3% | $2.4M+53.8% | $1.6M |
| Inventory | $1.6M+21.5% | $1.3M-26.9% | $1.8M-14.8% | $2.1M-16.9% | $2.5M-4.0% | $2.6M-5.4% | $2.8M+5.8% | $2.6M |
| Accounts Receivable | $1.8M+77.8% | $1.0M+29.8% | $773K+13.3% | $682K-13.8% | $791K-45.8% | $1.5M-1.5% | $1.5M+102.7% | $731K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.6M+3.7% | $2.5M-18.9% | $3.1M-16.1% | $3.7M-27.6% | $5.2M-16.6% | $6.2M+28.0% | $4.8M-27.0% | $6.6M |
| Current Liabilities | $2.5M+4.6% | $2.4M-20.2% | $3.0M-15.4% | $3.5M-28.1% | $4.9M-13.0% | $5.6M+27.1% | $4.4M-2.8% | $4.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.6M+20.6% | $3.0M-16.9% | $3.6M+3.7% | $3.5M+71.1% | $2.0M-43.1% | $3.6M-46.9% | $6.7M+64.2% | $4.1M |
| Retained Earnings | -$180.6M-0.7% | -$179.4M-1.0% | -$177.6M-0.3% | -$177.1M-0.9% | -$175.6M-1.6% | -$172.8M-2.6% | -$168.4M-1.2% | -$166.4M |
PRSO Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M+24.2% | -$2.0M-111.3% | -$966K-40.6% | -$687K-0.6% | -$683K-3.6% | -$659K+74.2% | -$2.5M-372.1% | $937K |
| Capital Expenditures | $34K | N/A | N/A | N/A | N/A | N/A | N/A | $1K |
| Free Cash Flow | -$1.6M | N/A | N/A | N/A | N/A | N/A | N/A | $936K |
| Investing Cash Flow | -$34K | N/A | N/A | N/A | N/A | N/A | N/A | -$1K |
| Financing Cash Flow | $1.7M+57.3% | $1.1M+170.0% | $397K-85.4% | $2.7M+1956.1% | $132K+43.5% | $92K-97.3% | $3.4M+8200.0% | -$42K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PRSO Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.2%+7.8pp | 48.3%-20.9pp | 69.3%+13.0pp | 56.3%+9.2pp | 47.0%-8.4pp | 55.5%+9.1pp | 46.4%+193.7pp | -147.3% |
| Operating Margin | -36.8%+43.3pp | -80.0%-66.8pp | -13.3%+31.0pp | -44.3%+26.0pp | -70.3%+35.3pp | -105.6%+23.4pp | -128.9%+320.4pp | -449.3% |
| Net Margin | -37.4%+45.0pp | -82.4%-70.2pp | -12.2%+29.5pp | -41.6%+29.0pp | -70.6%+33.8pp | -104.4%-32.3pp | -72.1%+415.8pp | -487.9% |
| Return on Equity | -33.6%+27.6pp | -61.2%-48.1pp | -13.1%+31.1pp | -44.2%+89.7pp | -133.9%-9.6pp | -124.3%-94.0pp | -30.3%+188.6pp | -218.9% |
| Return on Assets | -19.4%+13.7pp | -33.1%-26.1pp | -7.0%+14.3pp | -21.3%+16.4pp | -37.7%+7.7pp | -45.3%-27.8pp | -17.6%+65.8pp | -83.4% |
| Current Ratio | 2.25+0.2 | 2.03+0.0 | 2.01+0.2 | 1.80+0.7 | 1.08-0.1 | 1.20-0.5 | 1.69+0.5 | 1.22 |
| Debt-to-Equity | 0.73-0.1 | 0.85-0.0 | 0.87-0.2 | 1.08-1.5 | 2.55+0.8 | 1.74+1.0 | 0.72-0.9 | 1.62 |
| FCF Margin | -48.9% | N/A | N/A | N/A | N/A | N/A | N/A | 51.1% |
Similar Companies
Frequently Asked Questions
What is Peraso's annual revenue?
Peraso (PRSO) reported $12.2M in total revenue for fiscal year 2025. This represents a -16.3% 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.
How fast is Peraso's revenue growing?
Peraso (PRSO) revenue declined by 16.3% year-over-year, from $14.6M to $12.2M in fiscal year 2025.
Is Peraso profitable?
No, Peraso (PRSO) reported a net income of -$4.8M in fiscal year 2025, with a net profit margin of -39.0%.
What is Peraso's EBITDA?
Peraso (PRSO) had EBITDA of -$4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Peraso's gross margin?
Peraso (PRSO) had a gross margin of 58.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Peraso's operating margin?
Peraso (PRSO) had an operating margin of -39.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Peraso's net profit margin?
Peraso (PRSO) had a net profit margin of -39.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Peraso's return on equity (ROE)?
Peraso (PRSO) has a return on equity of -102.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Peraso's free cash flow?
Peraso (PRSO) generated -$5.7M in free cash flow during fiscal year 2025. 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.
What is Peraso's operating cash flow?
Peraso (PRSO) generated -$5.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Peraso's total assets?
Peraso (PRSO) had $6.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Peraso's capital expenditures?
Peraso (PRSO) invested $107K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Peraso spend on research and development?
Peraso (PRSO) invested $6.2M in research and development during fiscal year 2025.
What is Peraso's current ratio?
Peraso (PRSO) had a current ratio of 4.14 as of fiscal year 2025, which is generally considered healthy.
What is Peraso's debt-to-equity ratio?
Peraso (PRSO) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Peraso's return on assets (ROA)?
Peraso (PRSO) had a return on assets of -78.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Peraso's cash runway?
Based on fiscal year 2025 data, Peraso (PRSO) had $2.9M in cash against an annual operating cash burn of $5.6M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Peraso's Piotroski F-Score?
Peraso (PRSO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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.
Are Peraso's earnings high quality?
Peraso (PRSO) has an earnings quality ratio of 1.18x, considered low quality (accrual-driven). 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.
Can Peraso cover its interest payments?
Peraso (PRSO) has an interest coverage ratio of -4760.0x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Peraso?
Peraso (PRSO) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.