What is Xperi's earnings per share (EPS)?

Xperi (XPER) reported diluted earnings per share of $-1.23 for fiscal year 2025. This represents a -296.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Xperi Financials

XPER

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Xperi (XPER) financial statements, including the 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 (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Xperi has an operating margin of -9.8%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 1/100, suggesting thin profitability after operating expenses. This is up from -17.6% the prior year.

Growth

Xperi's revenue declined 9.2% year-over-year, from $493.7M to $448.1M. This contraction results in a growth score of 18/100.

Leverage

100

Xperi carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Xperi's current ratio of 2.42 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Xperi generated -$515K in operating cash flow, capex of $5.4M consumed most of it, leaving -$5.9M in free cash flow. This results in a low score of 22/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Xperi generates a -13.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -3.3% the prior year.

Piotroski F-Score Weak

2/9

Xperi passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.01x

For every $1 of reported earnings, Xperi generates $0.01 in operating cash flow (-$515K OCF vs -$56.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-14.7x

Xperi earns $-14.7 in operating income for every $1 of interest expense (-$43.7M vs $3.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$448.1M

YoY-9.2%

5Y CAGR+3.6%

Xperi generated $448.1M in revenue in fiscal year 2025. This represents a decrease of 9.2% from the prior year.

EBITDA

$4.5M

YoY+114.6%

Xperi's EBITDA was $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 114.6% from the prior year.

Net Income

-$56.3M

YoY-302.2%

Xperi reported -$56.3M in net income in fiscal year 2025. This represents a decrease of 302.2% from the prior year.

EPS (Diluted)

$-1.23

YoY-296.8%

Xperi earned $-1.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 296.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$5.9M

YoY+90.2%

Xperi generated -$5.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 90.2% from the prior year.

Cash & Debt

$96.8M

YoY-25.8%

5Y CAGR+2.5%

Xperi held $96.8M in cash against $40.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

47M

YoY+5.7%

Xperi had 47M shares outstanding in fiscal year 2025. This represents an increase of 5.7% from the prior year.

Margins & Returns

Gross Margin

71.7%

YoY-5.2pp

5Y CAGR-7.6pp

Xperi's gross margin was 71.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.2 percentage points from the prior year.

Operating Margin

-9.8%

YoY+7.9pp

5Y CAGR+30.8pp

Xperi's operating margin was -9.8% in fiscal year 2025, reflecting core business profitability. This is up 7.9 percentage points from the prior year.

Net Margin

-12.6%

YoY-9.7pp

5Y CAGR+24.2pp

Xperi's net profit margin was -12.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 9.7 percentage points from the prior year.

Return on Equity

-13.6%

YoY-10.4pp

5Y CAGR-0.8pp

Xperi's ROE was -13.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$135.1M

YoY-29.4%

5Y CAGR-3.7%

Xperi invested $135.1M in research and development in fiscal year 2025. This represents a decrease of 29.4% from the prior year.

Share Buybacks

YoY-100.0%

Xperi spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$5.4M

YoY+6.8%

5Y CAGR-4.0%

Xperi invested $5.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.8% from the prior year.

XPER Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$448.1M-9.2%	$493.7M-5.3%	$521.3M+3.8%	$502.3M+3.2%	$486.5M+29.3%	$376.1M
Cost of Revenue	$126.6M+11.3%	$113.8M-4.1%	$118.6M-3.5%	$122.9M-2.1%	$125.6M+61.5%	$77.8M
Gross Profit	$321.5M-15.4%	$379.9M-5.7%	$402.7M+6.2%	$379.3M+5.1%	$360.9M+21.0%	$298.3M
R&D Expenses	$135.1M-29.4%	$191.4M-14.1%	$222.8M+3.0%	$216.4M+11.0%	$194.9M+19.3%	$163.4M
SG&A Expenses	$181.9M-16.6%	$218.1M-6.6%	$233.4M+7.4%	$217.4M+8.7%	$199.9M+15.8%	$172.6M
Operating Income	-$43.7M+49.8%	-$87.1M+32.8%	-$129.6M+82.7%	-$749.4M-363.1%	-$161.8M-6.1%	-$152.6M
Interest Expense	$3.0M-1.0%	$3.0M+0.3%	$3.0M+98.4%	$1.5M	N/A	N/A
Income Tax	$15.7M+26.3%	$12.4M+24.0%	$10.0M-26.1%	$13.6M-27.9%	$18.8M+293.5%	-$9.7M
Net Income	-$56.3M-302.2%	-$14.0M+89.7%	-$136.6M+82.0%	-$757.5M-331.3%	-$175.6M-27.0%	-$138.3M
EPS (Diluted)	$-1.23-296.8%	$-0.31+90.3%	$-3.18+82.4%	$-18.02-331.1%	$-4.18-27.1%	$-3.29

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$116.5M+4.4%	$111.6M+5.4%	$105.9M-7.1%	$114.0M-6.8%	$122.4M-7.9%	$132.9M+11.1%	$119.6M+0.6%	$118.8M
Cost of Revenue	$34.4M+18.4%	$29.1M-13.3%	$33.5M+13.3%	$29.6M+7.4%	$27.6M+0.3%	$27.5M-5.1%	$29.0M-2.7%	$29.8M
Gross Profit	$82.1M-0.6%	$82.6M+14.1%	$72.4M-14.3%	$84.4M-10.9%	$94.8M-10.1%	$105.4M+16.3%	$90.6M+1.7%	$89.1M
R&D Expenses	$35.8M+19.6%	$29.9M+0.5%	$29.8M-24.7%	$39.5M-6.2%	$42.2M-21.4%	$53.6M+18.8%	$45.1M-10.5%	$50.4M
SG&A Expenses	$49.5M+16.4%	$42.5M+3.4%	$41.1M-15.5%	$48.7M-6.7%	$52.2M-7.6%	$56.5M+6.4%	$53.1M-5.8%	$56.4M
Operating Income	-$14.8M-986.3%	-$1.4M+87.8%	-$11.1M+32.3%	-$16.4M-15.1%	-$14.3M+23.0%	-$18.6M+15.3%	-$21.9M+32.2%	-$32.3M
Interest Expense	$727K-4.5%	$761K+0.3%	$759K+3.7%	$732K-3.2%	$756K0.0%	$756K+1.1%	$748K0.0%	$748K
Income Tax	$2.8M-41.9%	$4.8M+3.6%	$4.6M+32.9%	$3.5M+187.5%	-$4.0M-237.6%	$2.9M-68.7%	$9.3M+116.9%	$4.3M
Net Income	-$17.1M-179.8%	-$6.1M+58.7%	-$14.8M+19.5%	-$18.4M-139.7%	$46.2M+375.0%	-$16.8M+44.5%	-$30.3M-130.9%	-$13.1M
EPS (Diluted)	N/A	$-0.13+59.4%	$-0.32+22.0%	$-0.41	N/A	$-0.37+44.8%	$-0.67-131.0%	$-0.29

XPER Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$615.8M-7.8%	$667.8M-0.9%	$673.6M-8.6%	$736.9M-40.0%	$1.2B	N/A
Current Assets	$267.5M-12.3%	$304.9M-3.8%	$316.9M-4.6%	$332.3M+19.9%	$277.1M	N/A
Cash & Equivalents	$96.8M-25.8%	$130.6M-8.1%	$142.1M-11.3%	$160.1M+32.7%	$120.7M+41.0%	$85.6M
Inventory	$0-100.0%	$1.1M-85.4%	$7.3M+9.3%	$6.7M+30.6%	$5.1M	N/A
Accounts Receivable	$56.8M-3.2%	$58.7M+4.9%	$56.0M-13.5%	$64.7M-18.6%	$79.5M	N/A
Goodwill	N/A	N/A	N/A	$0-100.0%	$536.5M+0.8%	$532.5M
Total Liabilities	$201.8M-15.5%	$238.7M-16.7%	$286.5M-0.5%	$287.9M+35.3%	$212.8M	N/A
Current Liabilities	$110.6M-40.3%	$185.3M+12.3%	$165.1M+9.9%	$150.2M+25.2%	$120.0M	N/A
Long-Term Debt	$40.0M	$0-100.0%	$50.0M0.0%	$50.0M	N/A	N/A
Total Equity	$414.1M-3.5%	$429.1M+6.1%	$404.2M-12.8%	$463.4M-54.8%	$1.0B-5.1%	$1.1B
Retained Earnings	-$895.8M-6.7%	-$839.4M-4.2%	-$805.4M-20.4%	-$668.8M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$615.8M-2.1%	$628.8M-0.1%	$629.2M-0.7%	$633.5M-5.1%	$667.8M+8.4%	$616.2M-0.5%	$619.2M-1.8%	$630.4M
Current Assets	$267.5M-2.0%	$273.1M-3.7%	$283.7M+6.4%	$266.7M-12.5%	$304.9M+17.8%	$258.8M-2.8%	$266.4M-2.1%	$272.1M
Cash & Equivalents	$96.8M0.0%	$96.8M+1.7%	$95.1M+8.1%	$88.0M-32.6%	$130.6M+79.6%	$72.7M-21.4%	$92.5M-2.9%	$95.2M
Inventory	$0	N/A	$296K-52.4%	$622K-41.4%	$1.1M-74.5%	$4.2M-17.5%	$5.0M-15.8%	$6.0M
Accounts Receivable	$56.8M0.0%	$56.8M-5.0%	$59.8M+2.8%	$58.2M-1.0%	$58.7M-5.8%	$62.4M+9.7%	$56.9M-10.7%	$63.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$201.8M-2.9%	$207.8M-0.8%	$209.4M-2.4%	$214.6M-10.1%	$238.7M-8.3%	$260.3M+4.5%	$249.2M+0.2%	$248.6M
Current Liabilities	$110.6M-2.1%	$113.0M-0.3%	$113.4M-3.7%	$117.7M-36.5%	$185.3M-7.9%	$201.3M+51.9%	$132.5M+2.3%	$129.5M
Long-Term Debt	$40.0M0.0%	$40.0M0.0%	$40.0M0.0%	$40.0M	$0-100.0%	$27.7M-44.6%	$50.0M0.0%	$50.0M
Total Equity	$414.1M-1.7%	$421.0M+0.3%	$419.8M+0.2%	$418.9M-2.4%	$429.1M+13.7%	$377.4M-2.9%	$388.7M-2.6%	$399.1M
Retained Earnings	-$895.8M-1.9%	-$878.7M-0.7%	-$872.6M-1.7%	-$857.8M-2.2%	-$839.4M+4.1%	-$875.7M-3.2%	-$848.9M-3.7%	-$818.6M

XPER Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$515K+99.1%	-$55.3M-89358.1%	$62K+100.2%	-$28.4M-21.3%	-$23.5M+1.4%	-$23.8M
Capital Expenditures	$5.4M+6.8%	$5.0M-26.0%	$6.8M-48.0%	$13.1M+47.3%	$8.9M+34.7%	$6.6M
Free Cash Flow	-$5.9M+90.2%	-$60.4M-794.2%	-$6.8M+83.7%	-$41.5M-28.4%	-$32.3M-6.5%	-$30.4M
Investing Cash Flow	-$21.0M-141.3%	$50.8M+492.9%	-$12.9M+80.1%	-$64.8M-201.9%	-$21.5M-181.0%	$26.5M
Financing Cash Flow	-$12.2M+36.7%	-$19.4M-374.4%	$7.1M-94.8%	$135.8M+62.9%	$83.3M+143.3%	$34.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$20.0M	$0	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$4.1M-45.6%	$7.5M-25.4%	$10.1M+145.4%	-$22.3M-1911.1%	$1.2M+126.4%	-$4.6M-117.8%	-$2.1M+95.7%	-$49.8M
Capital Expenditures	$2.9M+262.7%	$812K+44.7%	$561K-47.4%	$1.1M-38.7%	$1.7M+74.4%	$997K+115.8%	$462K-75.0%	$1.8M
Free Cash Flow	$1.2M-82.8%	$6.7M-29.6%	$9.5M+140.9%	-$23.3M-4473.3%	-$510K+91.0%	-$5.6M-117.4%	-$2.6M+95.0%	-$51.6M
Investing Cash Flow	-$6.4M-13.4%	-$5.6M-17.6%	-$4.8M-13.6%	-$4.2M-106.6%	$63.7M+1540.8%	-$4.4M-18.5%	-$3.7M+20.9%	-$4.7M
Financing Cash Flow	$2.3M+930.5%	-$279K-115.2%	$1.8M+111.4%	-$16.1M-129.0%	-$7.0M+34.4%	-$10.7M-449.0%	$3.1M+165.7%	-$4.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	N/A	$10.0M	N/A	N/A	N/A

XPER Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	71.7%-5.2pp	77.0%-0.3pp	77.3%+1.7pp	75.5%+1.3pp	74.2%-5.1pp	79.3%
Operating Margin	-9.8%+7.9pp	-17.6%+7.2pp	-24.9%+124.3pp	-149.2%-116.0pp	-33.3%+7.3pp	-40.6%
Net Margin	-12.6%-9.7pp	-2.8%+23.4pp	-26.2%+124.6pp	-150.8%-114.7pp	-36.1%+0.7pp	-36.8%
Return on Equity	-13.6%-10.4pp	-3.3%+30.5pp	-33.8%+129.7pp	-163.5%-146.3pp	-17.1%-4.3pp	-12.8%
Return on Assets	-9.2%-7.0pp	-2.1%+18.2pp	-20.3%+82.5pp	-102.8%-88.5pp	-14.3%	N/A
Current Ratio	2.42+0.8	1.64-0.3	1.92-0.3	2.21-0.1	2.31	N/A
Debt-to-Equity	0.10+0.1	0.00-0.1	0.12+0.0	0.11-0.1	0.21	N/A
FCF Margin	-1.3%+10.9pp	-12.2%-10.9pp	-1.3%+7.0pp	-8.3%-1.6pp	-6.7%+1.4pp	-8.1%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	70.5%-3.5pp	74.0%+5.6pp	68.3%-5.7pp	74.0%-3.4pp	77.5%-1.8pp	79.3%+3.5pp	75.8%+0.8pp	75.0%
Operating Margin	-12.7%-11.5pp	-1.2%+9.3pp	-10.5%+3.9pp	-14.4%-2.7pp	-11.7%+2.3pp	-14.0%+4.4pp	-18.3%+8.9pp	-27.2%
Net Margin	-14.7%-9.2pp	-5.5%+8.5pp	-14.0%+2.2pp	-16.1%-53.9pp	37.8%+50.4pp	-12.7%+12.7pp	-25.3%-14.3pp	-11.0%
Return on Equity	-4.1%-2.7pp	-1.5%+2.1pp	-3.5%+0.9pp	-4.4%-15.2pp	10.8%+15.2pp	-4.5%+3.3pp	-7.8%-4.5pp	-3.3%
Return on Assets	-2.8%-1.8pp	-1.0%+1.4pp	-2.4%+0.6pp	-2.9%-9.8pp	6.9%+9.7pp	-2.7%+2.2pp	-4.9%-2.8pp	-2.1%
Current Ratio	2.420.0	2.42-0.1	2.50+0.2	2.27+0.6	1.64+0.4	1.29-0.7	2.01-0.1	2.10
Debt-to-Equity	0.100.0	0.100.0	0.100.0	0.10+0.1	0.00-0.1	0.07-0.1	0.130.0	0.13
FCF Margin	1.0%-5.0pp	6.0%-3.0pp	9.0%+29.5pp	-20.4%-20.0pp	-0.4%+3.8pp	-4.3%-2.1pp	-2.2%+41.3pp	-43.5%

Similar Companies

Smartrent Inc SMRT

$292.2M

Oneconnect Financial Technology Co Ltd OCFT

$307.7M

KALTURA INC KLTR

$171.0M

Nerdy Inc NRDY

$101.9M

Immersion Corp IMMR

$185.7M

Frequently Asked Questions

What is Xperi's annual revenue?

Xperi (XPER) reported $448.1M in total revenue for fiscal year 2025. This represents a -9.2% 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 Xperi's revenue growing?

Xperi (XPER) revenue declined by 9.2% year-over-year, from $493.7M to $448.1M in fiscal year 2025.

Is Xperi profitable?

No, Xperi (XPER) reported a net income of -$56.3M in fiscal year 2025, with a net profit margin of -12.6%.

What is Xperi's EBITDA?

Xperi (XPER) had EBITDA of $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Xperi have?

As of fiscal year 2025, Xperi (XPER) had $96.8M in cash and equivalents against $40.0M in long-term debt.

What is Xperi's gross margin?

Xperi (XPER) had a gross margin of 71.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Xperi's operating margin?

Xperi (XPER) had an operating margin of -9.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Xperi's net profit margin?

Xperi (XPER) had a net profit margin of -12.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Xperi's return on equity (ROE)?

Xperi (XPER) has a return on equity of -13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Xperi's free cash flow?

Xperi (XPER) generated -$5.9M in free cash flow during fiscal year 2025. This represents a 90.2% 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 Xperi's operating cash flow?

Xperi (XPER) generated -$515K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Xperi's total assets?

Xperi (XPER) had $615.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Xperi's capital expenditures?

Xperi (XPER) invested $5.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Xperi spend on research and development?

Xperi (XPER) invested $135.1M in research and development during fiscal year 2025.

How many shares does Xperi have outstanding?

Xperi (XPER) had 47M shares outstanding as of fiscal year 2025.

What is Xperi's current ratio?

Xperi (XPER) had a current ratio of 2.42 as of fiscal year 2025, which is generally considered healthy.

What is Xperi's debt-to-equity ratio?

Xperi (XPER) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xperi's return on assets (ROA)?

Xperi (XPER) had a return on assets of -9.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Xperi's cash runway?

Based on fiscal year 2025 data, Xperi (XPER) had $96.8M in cash against an annual operating cash burn of $515K. This gives an estimated cash runway of approximately 2256 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 Xperi's Piotroski F-Score?

Xperi (XPER) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xperi's earnings high quality?

Xperi (XPER) has an earnings quality ratio of 0.01x, 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 Xperi cover its interest payments?

Xperi (XPER) has an interest coverage ratio of -14.7x, 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 Xperi?

Xperi (XPER) scores 31 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.