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).
High-margin revenue is being reshaped by cost cuts, bringing Xperi close to cash breakeven despite still-negative earnings.
From FY2023 to FY2025, revenue fell from$521.3M to$448.1M while EBITDA turned positive. Paired with operating cash flow moving from about$0 to just-$515K , that points to overhead control as the key lever against a still-large gross-profit base, not sales volume alone.
The unusual feature is gross margin staying above
Balance-sheet pressure is not debt-led: cash of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Xperi'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.
Xperi scores -0.08, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($389.1M) relative to total liabilities ($201.8M). 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.
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.
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.
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
Earnings & Revenue
Xperi generated $448.1M in revenue in fiscal year 2025. This represents a decrease of 9.2% from the prior year.
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.
Xperi reported -$56.3M in net income in fiscal year 2025. This represents a decrease of 302.2% from the prior year.
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
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.
Xperi held $96.8M in cash against $40.0M in long-term debt as of fiscal year 2025.
Xperi had 47M shares outstanding in fiscal year 2025. This represents an increase of 5.7% from the prior year.
Margins & Returns
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.
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.
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.
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
Xperi invested $135.1M in research and development in fiscal year 2025. This represents a decrease of 29.4% from the prior year.
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.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $114.2M-2.0% | $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 |
| Cost of Revenue | $30.9M-10.3% | $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 |
| Gross Profit | $83.3M+1.5% | $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 |
| R&D Expenses | $27.1M-24.3% | $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 |
| SG&A Expenses | $41.8M-15.6% | $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 |
| Operating Income | $2.2M+114.5% | -$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 |
| Interest Expense | $678K-6.7% | $727K-4.5% | $761K+0.3% | $759K+3.7% | $732K-3.2% | $756K0.0% | $756K+1.1% | $748K |
| Income Tax | $10.1M+262.4% | $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 |
| Net Income | -$7.8M+54.2% | -$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 |
| EPS (Diluted) | $-0.17 | N/A | $-0.13+59.4% | $-0.32+22.0% | $-0.41 | N/A | $-0.37+44.8% | $-0.67 |
XPER Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $606.9M-1.4% | $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 |
| Current Assets | $260.9M-2.5% | $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 |
| Cash & Equivalents | $70.4M-27.3% | $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 |
| Inventory | N/A | $0 | N/A | $296K-52.4% | $622K-41.4% | $1.1M-74.5% | $4.2M-17.5% | $5.0M |
| Accounts Receivable | $59.9M+5.4% | $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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $198.9M-1.4% | $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 |
| Current Liabilities | $110.4M-0.3% | $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 |
| Long-Term Debt | $40.0M0.0% | $40.0M0.0% | $40.0M0.0% | $40.0M0.0% | $40.0M | $0-100.0% | $27.7M-44.6% | $50.0M |
| Total Equity | $408.0M-1.5% | $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 |
| Retained Earnings | -$903.6M-0.9% | -$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 |
XPER Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.0M-539.4% | $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 |
| Capital Expenditures | $1.1M-62.5% | $2.9M+262.7% | $812K+44.7% | $561K-47.4% | $1.1M-38.7% | $1.7M+74.4% | $997K+115.8% | $462K |
| Free Cash Flow | -$19.1M-1755.4% | $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 |
| Investing Cash Flow | -$4.8M+24.2% | -$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 |
| Financing Cash Flow | -$3.6M-253.3% | $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 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | N/A | N/A | N/A | $10.0M | N/A | N/A |
XPER Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.0%+2.5pp | 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% |
| Operating Margin | 1.9%+14.6pp | -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% |
| Net Margin | -6.9%+7.8pp | -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% |
| Return on Equity | -1.9%+2.2pp | -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% |
| Return on Assets | -1.3%+1.5pp | -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% |
| Current Ratio | 2.36-0.1 | 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 |
| Debt-to-Equity | 0.100.0 | 0.100.0 | 0.100.0 | 0.100.0 | 0.10+0.1 | 0.00-0.1 | 0.07-0.1 | 0.13 |
| FCF Margin | -16.7%-17.7pp | 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% |
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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.
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 Altman Z-Score?
Xperi (XPER) has an Altman Z-Score of -0.08, 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 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 to 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.