Xperi Financials
Xperi (XPER) reported $448.1M in revenue for fiscal year 2025, down 9.2% 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 (10-K and 10-Q reports).
Cost restructuring is pushing Xperi toward operating breakeven even as lower revenue compresses gross margin and cash reserves decline.
FY2025 paired$448.1M of revenue with a71.7% gross margin, both below FY2024, yet lower SG&A and R&D spending brought EBITDA just above zero. The improvement is cost-led, not volume-led: operating losses narrowed while the revenue base contracted, indicating reduced spending is doing more work than growth.
Operating cash flow improved from
Current ratio improved from 1.6x in FY2024 to 2.4x in FY2025 even as cash declined; the improvement was driven more by lower short-term obligations than by accumulating cash. Liquidity therefore looks balance-sheet-managed rather than cash-built, with current liabilities down to
Financial Health Signals
Xperi 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.
Xperi scores -0.35, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($299.9M) 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 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Xperi reported a net loss of $56.3M while operations used $515K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Xperi reported an operating loss of $43.7M against $3.0M 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
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 recorded an outflow of $5.9M in free cash flow in fiscal year 2025, representing a cash shortfall 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.
Not reported for fiscal year 2025.
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 repurchased no shares in fiscal year 2025. 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $456.8M | $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 | N/A | $126.6M+11.3% | $113.8M-4.1% | $118.6M-3.5% | $122.9M-2.1% | $125.6M+61.5% | $77.8M |
| Gross Profit | N/A | $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 | $114.6M | $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 | $175.3M | $181.9M-16.6% | $218.1M-6.6% | $233.4M+7.4% | $217.4M+8.7% | $199.9M+15.8% | $172.6M |
| Operating Income | -$11.1M | -$43.7M+49.8% | -$87.1M+32.8% | -$129.6M+82.7% | -$749.4M-363.1% | -$161.8M-6.1% | -$152.6M |
| Interest Expense | $2.9M | $3.0M-1.0% | $3.0M+0.3% | $3.0M+98.4% | $1.5M | N/A | N/A |
| Income Tax | $22.5M | $15.7M+26.3% | $12.4M+24.0% | $10.0M-26.1% | $13.6M-27.9% | $18.8M+293.5% | -$9.7M |
| Net Income | -$32.5M | -$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 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPER Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 | $0 | 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 | N/A | $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 |
XPER Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.2M | -$515K+99.1% | -$55.3M-89358.1% | $62K+100.2% | -$28.4M-21.3% | -$23.5M+1.4% | -$23.8M |
| Capital Expenditures | $5.4M | $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 | $2.8M | -$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 | -$23.8M | -$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 | $11.0M | -$12.2M+36.7% | -$19.4M-374.4% | $7.1M-94.8% | $135.8M+62.9% | $83.3M+143.3% | $34.2M |
| Share Buybacks | N/A | $0-100.0% | $20.0M | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPER Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| 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% | -149.2% | -33.3%+7.3pp | -40.6% |
| Net Margin | -12.6%-9.7pp | -2.8%+23.4pp | -26.2% | -150.8% | -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+0.8x | 1.64-0.3x | 1.92-0.3x | 2.21-0.1x | 2.31 | N/A |
| Debt-to-Equity | 0.10-0.5x | 0.56+0.4x | 0.120.0x | 0.11-0.1x | 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% |
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.
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Where Xperi Ranks
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) recorded an outflow of $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) recorded an outflow of $515K in operating cash flow during fiscal year 2025, representing cash used by 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 Altman Z-Score?
Xperi (XPER) has an Altman Z-Score of -0.35, 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 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 Xperi's earnings high quality?
Xperi (XPER) reported a net loss of $56.3M while operations used $515K 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.
Can Xperi cover its interest payments?
Xperi (XPER) reported an operating loss of $43.7M against $3.0M 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.