Pixelworks Inc (PXLW) 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 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PXLW SEC filings page.
Pixelworks Inc (PXLW) reported $693K in revenue for fiscal year 2025, up 0.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Pixelworks operates as a development-stage business: FY2025 revenue stayed below $1M , while losses and cash outflows remained above $20M .
The key earnings-quality gap is that net loss narrowed from$28.7M in FY2024 to$22.5M in FY2025. Operating cash flow moved the opposite way, from-$19.8M to-$20.6M , so lower reported losses did not translate into better cash generation.
Capital spending fell from
The balance sheet became less forgiving: total assets fell to
Financial Health Signals
Pixelworks Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Pixelworks Inc scores -14.18, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($32.4M) relative to total liabilities ($72.4M). 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.
Pixelworks Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Pixelworks Inc reported a net loss of $22.5M while operations used $20.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Pixelworks Inc generated $64K in revenue in Q2 2026. This represents a decrease of 59.7% from the same quarter a year earlier. Against the prior quarter it is down 85.7%.
Pixelworks Inc reported -$2.8M in net income in Q2 2026. This represents an increase of 58.3% from the same quarter a year earlier. Against the prior quarter it is down 103.5%.
Pixelworks Inc earned -$0.44 per diluted share (EPS) in Q2 2026. This represents an increase of 65.4% from the same quarter a year earlier. Against the prior quarter it is down 103.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
Pixelworks Inc recorded an outflow of $1.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 63.5% from the same quarter a year earlier. Against the prior quarter it is up 62.9%.
Pixelworks Inc held $52.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Pixelworks Inc's gross margin was 60.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 10.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.2 percentage points.
Pixelworks Inc's ROE was -5.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 146.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Pixelworks Inc invested $1.2M in research and development in Q2 2026. This represents an increase of 33.4% from the same quarter a year earlier. Against the prior quarter it is up 23.8%.
Pixelworks Inc invested $29K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 87.0% from the same quarter a year earlier. Against the prior quarter it is down 72.4%.
Not reported for Q2 2026.
PXLW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64K-59.7% | $446K-93.7% | N/A | $8.8M-7.9% | $159K-98.1% | $7.1M-55.8% | N/A | $9.5M-40.6% |
| Cost of Revenue | $25K-45.7% | $193K+2312.5% | N/A | $4.4M-5.3% | $46K-98.9% | $8K-99.9% | N/A | $4.6M-49.2% |
| Gross Profit | $39K-65.5% | $253K-96.4% | N/A | $4.4M-10.4% | $113K-97.4% | $7.1M-12.7% | N/A | $4.9M-29.1% |
| R&D Expenses | $1.2M+33.4% | $965K-0.6% | N/A | $5.7M-31.9% | $896K-88.7% | $971K-88.0% | N/A | $8.4M-4.0% |
| SG&A Expenses | $2.1M+22.3% | $2.2M+4.2% | N/A | $4.3M-14.8% | $1.7M-69.8% | $2.1M-61.8% | N/A | $5.0M-13.2% |
| Operating Income | -$3.4M-34.0% | -$4.9M-58.7% | N/A | -$5.6M+34.9% | -$2.5M+76.6% | -$3.1M+43.7% | N/A | -$8.6M-12.9% |
| Interest Expense | N/A | N/A | N/A | -$25K-257.1% | -$10K+54.5% | -$12K+52.0% | N/A | -$7K+75.9% |
| Income Tax | $10K-89.6% | -$22K+90.8% | N/A | -$511K-508.8% | $96K+200.0% | -$240K-328.6% | N/A | $125K-20.9% |
| Net Income | -$2.8M+58.3% | $80.6M+1138.3% | N/A | -$4.4M+45.6% | -$6.7M+33.9% | -$7.8M-53.2% | N/A | -$8.1M-16.3% |
| EPS (Basic) | -$0.44+65.4% | $12.69+924.0% | -$0.49+54.6% | -$0.81+51.2% | -$1.27+39.2% | -$1.54-1611.1% | -$1.08-1442.9% | -$1.66-1283.3% |
| EPS (Diluted) | -$0.44+65.4% | $12.46+909.1% | -$0.49 | -$0.81 | -$1.27+39.2% | -$1.54 | -$1.08-1442.9% | -$1.66 |
| Diluted Shares (Avg) | 6M+19.2% | 6M+28.1% | N/A | 5M | 5M+9.0% | 5M | N/A | 5M |
Not reported in any period shown, so not listed: EBITDA.
PXLW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $54.1M+4.4% | $60.0M+2.6% | $51.3M-20.0% | $50.5M-29.0% | $51.8M-36.5% | $58.5M-36.3% | $64.1M-33.2% | $71.1M-29.7% |
| Current Assets | $53.4M+108.8% | $59.2M+93.4% | $50.2M+44.1% | $25.3M-36.2% | $25.6M-48.8% | $30.6M-48.2% | $34.9M-46.2% | $39.7M-42.2% |
| Cash & Equivalents | $52.9M+271.0% | $57.8M+212.5% | $11.2M+105.1% | $14.6M-49.3% | $14.3M-62.3% | $18.5M-59.9% | $5.5M-88.5% | $28.8M-42.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | $3.1M-28.4% | $4.1M-18.7% | $5.0M+49.1% | $4.2M+6.1% | $4.4M-25.5% |
| Accounts Receivable | N/A | N/A | N/A | $5.7M+26.4% | $5.1M+3.1% | $5.4M-26.9% | $5.8M-42.4% | $4.5M-55.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | $18.4M0.0% | $18.4M0.0% | $18.4M0.0% | $18.4M0.0% | $18.4M0.0% |
| Total Liabilities | $2.1M-97.1% | $2.8M-96.3% | $72.4M-3.1% | $74.5M-5.9% | $74.2M-8.5% | $74.4M-9.6% | $74.7M-10.5% | $79.2M-6.8% |
| Current Liabilities | $1.5M-83.6% | $2.1M-76.3% | $20.0M+139.9% | $9.8M-1.3% | $9.1M-23.0% | $8.8M-28.5% | $8.3M-32.1% | $9.9M-32.7% |
| Non-Current Liabilities | $626K-99.0% | $675K-99.0% | $52.3M-21.1% | $64.7M-6.6% | $65.1M-6.0% | $65.6M-6.3% | $66.3M-6.8% | $69.3M-1.4% |
| Total Equity | $52.0M+331.7% | $57.2M+458.2% | -$21.1M-99.6% | -$23.9M-198.1% | -$22.4M-4716.5% | -$16.0M-269.0% | -$10.6M-184.3% | -$8.0M-149.5% |
| Retained Earnings | -$450.6M+13.4% | -$447.8M+12.8% | -$528.4M-4.4% | -$524.8M-4.8% | -$520.3M-5.7% | -$513.6M-6.5% | -$505.9M-6.0% | -$500.5M-5.7% |
Not reported in any period shown, so not listed: Long-Term Debt.
PXLW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M+62.4% | -$4.6M+31.8% | -$6.5M-15.7% | -$2.9M+63.4% | -$4.6M+18.4% | -$6.7M-724.0% | -$5.6M-213.3% | -$7.8M-145.7% |
| Stock-Based Compensation | N/A | $355K-52.7% | N/A | N/A | N/A | $751K-30.1% | N/A | -$1.0M+16.8% |
| Capital Expenditures | $29K-87.0% | $105K+517.6% | $45K-60.2% | $163K-79.1% | $223K-91.0% | $17K-95.6% | $113K-71.2% | $781K+6.1% |
| Free Cash Flow | -$1.7M+63.5% | -$4.7M+30.4% | -$6.5M-14.2% | -$3.0M+64.8% | -$4.8M+40.7% | -$6.7M-460.6% | -$5.7M-162.1% | -$8.6M-119.5% |
| Investing Cash Flow | -$29K-105.5% | $44.3M+260876.5% | $3.0M+459.7% | -$163K+79.1% | $531K+121.4% | -$17K+95.6% | $528K+196.4% | -$781K-6.1% |
| Financing Cash Flow | -$3.2M-1300.0% | $5K-99.7% | $7.0M+6444.5% | $3.4M+946.9% | -$228K+26.9% | $1.6M+1160.0% | -$110K+74.9% | -$399K-64.2% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid, Share Buybacks.
PXLW 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.9%-10.1pp | 56.7%-43.2pp | N/A | 49.8%-1.4pp | 71.1%+20.4pp | 99.9%+49.3pp | N/A | 51.2%+8.3pp |
| Operating Margin | -5256.3% | -1100.9% | N/A | -64.1%+26.5pp | -1579.3% | -43.6%-9.4pp | N/A | -90.6%-42.9pp |
| Net Margin | -4368.8% | 18068.2% | N/A | -50.5%+34.9pp | -4218.2% | -109.4% | N/A | -85.5%-41.8pp |
| Return on Equity | -5.4% | 140.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.2%+7.8pp | 134.3%+147.6pp | N/A | -8.8%+2.7pp | -13.0%-0.5pp | -13.3%-7.8pp | N/A | -11.5%-4.5pp |
| Current Ratio | 35.56+32.8x | 28.21+24.7x | 2.51-1.7x | 2.59-1.4x | 2.80-1.4x | 3.46-1.3x | 4.18-1.1x | 4.02-0.7x |
| Debt-to-Equity | 0.04 | 0.05 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.000.0x | 0.01-0.1x | N/A | 0.170.0x | 0.00-0.1x | 0.12-0.1x | N/A | 0.130.0x |
| FCF Margin | -2720.3% | -1051.1% | N/A | -34.5%+55.8pp | -3003.1% | -94.9%-87.4pp | N/A | -90.2%-65.8pp |
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, FCF Margin.
Note: Shareholder equity is negative (-$21.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Pixelworks Inc PXLW | FY2025 | $693K | -$22.5M | N/A | $32.4M | — |
| Mobix Labs, Inc. MOBX | FY2025 | $9.9M | -$46.1M | N/A | $13.4M | 35/100 |
| GCT Semiconductor Holding, Inc. GCTS | FY2025 | $2.9M | -$43.4M | N/A | $174.7M | 17/100 |
| WISeKey International Holding AG WKEY | FY2025 | $19.3M | -$6.1M | -31.5% | $69.7M | 40/100 |
| QuickLogic Corp QUIK | FY2025 | $13.8M | -$14.8M | N/A | $190.0M | 41/100 |
| Magnachip Semiconductor Corp. MX | FY2025 | $178.9M | -$29.7M | -16.6% | $211.7M | 46/100 |
Where Pixelworks Inc Ranks
Frequently Asked Questions
What is Pixelworks Inc's annual revenue?
Pixelworks Inc (PXLW) reported $693K in total revenue for fiscal year 2025. This represents a 0.4% 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 Pixelworks Inc's revenue growing?
Pixelworks Inc (PXLW) revenue grew by 0.4% year-over-year, from $690K to $693K in fiscal year 2025.
Is Pixelworks Inc profitable?
No, Pixelworks Inc (PXLW) reported a net income of -$22.5M in fiscal year 2025.
What is Pixelworks Inc's EBITDA?
Pixelworks Inc (PXLW) had EBITDA of -$9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Pixelworks Inc's gross margin?
Pixelworks Inc (PXLW) had a gross margin of 85.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pixelworks Inc's free cash flow?
Pixelworks Inc (PXLW) recorded an outflow of $21.1M in free cash flow during fiscal year 2025. This represents a 10.7% 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.
What is Pixelworks Inc's operating cash flow?
Pixelworks Inc (PXLW) recorded an outflow of $20.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Pixelworks Inc's total assets?
Pixelworks Inc (PXLW) had $51.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pixelworks Inc's capital expenditures?
Pixelworks Inc (PXLW) invested $448K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Pixelworks Inc spend on research and development?
Pixelworks Inc (PXLW) invested $3.7M in research and development during fiscal year 2025.
What is Pixelworks Inc's current ratio?
Pixelworks Inc (PXLW) had a current ratio of 2.51 as of fiscal year 2025, which is generally considered healthy.
What is Pixelworks Inc's return on assets (ROA)?
Pixelworks Inc (PXLW) had a return on assets of -43.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pixelworks Inc's P/E ratio?
Pixelworks Inc (PXLW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $32.4M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Pixelworks Inc's price-to-sales ratio?
Pixelworks Inc (PXLW) trades at 46.7x sales, its market capitalization divided by revenue of $693K revenue, FY2025. The market capitalization is $32.4M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Pixelworks Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Pixelworks Inc (PXLW) held $11.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $20.6M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Pixelworks Inc's debt-to-equity ratio negative or not reported?
Pixelworks Inc (PXLW) has negative shareholder equity of -$21.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Pixelworks Inc's Altman Z-Score?
Pixelworks Inc (PXLW) has an Altman Z-Score of -14.18, 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.
What is Pixelworks Inc's Piotroski F-Score?
Pixelworks Inc (PXLW) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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.
Are Pixelworks Inc's earnings high quality?
Pixelworks Inc (PXLW) reported a net loss of $22.5M while operations used $20.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.