PIXELWORKS, INC

Listed Company

PXLWCIK 0001040161NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareOregonFY ends Dec 31

Period

FY 2025

Revenue

$693.0K

Net Income

$-22.50M

Total Assets

$51.26M

Equity

$-21.09M

Shares Out

6.36M

Op. Cash Flow

$-20.61M

Business

PIXELWORKS, INC provides high-performance, power-efficient visual processing semiconductor and software solutions that optimize digital images and video for superior viewing experiences. Its main products and services include visual processor and ImageProcessor ICs, transcoder chips, Pixelworks Pro display software, and the TrueCut Motion platform and licensing for motion grading and content pre-processing. The company organizes its business into three key markets—Mobile, Home & Enterprise (digital projection and video delivery) and Cinema. It sells globally through direct relationships with OEMs and integrators and via distributors, with significant sales and operations centered in Asia.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue, net	693,000	690,000	60	70	55
Cost of revenue	104,000	129,000	34	34	27
Gross profit	589,000	561,000	26	36	28
Research and development	4	4	31	31	27
Selling, general and administrative	8	9	23	22	20
Restructuring	0	174,000	0	—	0
Total operating expenses	12	14	54	53	48
Loss from operations	−12	−13	−29	−17	−20
Interest income and other, net	123,000	354,000	2	—	—
Gain on sale of patents	3	0	—	—	—
Total other income, net	3	354,000	2	700,000	457,000
Loss before income taxes	−8	−13	−27	−16	−20
Provision (benefit) for income taxes	−184,000	44,000	357,000	−884,000	−133,000
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	−8	−13	—	—	—
Net loss from discontinued operations	−15	−17	—	—	—
Net loss	−23	−30	−27	−15	−19
Less: Net loss attributable to non-controlling interests and redeemable non-controlling interests	759,000	818,000	767,000	−797,000	−409,000
Net loss attributable to Pixelworks, Inc	−22	−29	−26	−16	−20
Net loss from continuing operations per share - basic (in usd per share)	−1.5	−2.6	—	—	—
Net loss from continuing operations per share - diluted (in usd per share)	−1.5	−2.6	—	—	—
Net loss from discontinued operations per share - basic (in usd per share)	−2.72	−3.47	—	—	—
Net loss from discontinued operations per share - diluted (in usd per share)	−2.72	−3.47	—	—	—
Net loss attributable to Pixelworks, Inc. per share - basic (in usd per share)	−4.08	−5.9	−0.47	−0.3	−0.38
Net loss attributable to Pixelworks, Inc. per share - diluted (in usd per share)	−4.08	−5.9	−0.47	−0.3	−0.38
Weighted average shares outstanding - basic (in shares)	6	5	56	54	53
Weighted average shares outstanding - diluted (in shares)	6	5	56	54	53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	5	48	57	62
Prepaid expenses and other current assets	568,000	600,000	3	4	3
Current assets held for sale	38	29	—	—	—
Total current assets	50	35	65	72	74
Property and equipment, net	205,000	348,000	6	5	6
Operating lease right-of-use assets	704,000	1	5	3	5
Other assets, net	121,000	176,000	2	4	3
Long-term assets held for sale	0	27	—	—	—
Total assets	51	64	96	102	107
Accounts payable	0	260,000	2	3	3
Accrued liabilities and current portion of long-term liabilities	2	2	10	9	14
Current portion of income taxes payable	43,000	40,000	189,000	519,000	128,000
Current liabilities held for sale	18	6	—	—	—
Total current liabilities	20	8	12	13	16
Long-term liabilities, net of current portion	0	40,000	1	1	519,000
Operating lease liabilities, net of current portion	298,000	780,000	3	2	3
Income taxes payable, net of current portion	508,000	732,000	939,000	872,000	3
Deferred tax liability	31,000	27,000	—	—	—
Long-term liabilities held for sale	0	14	—	—	—
Total liabilities	21	24	31	30	35
Commitments and contingencies (Note 11)	—	—	—	—	—
Redeemable non-controlling interest	29	27	28	29	31
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued	0	0	0	0	0
Common stock, $0.001 par value; 250,000,000 shares authorized, 6,336,957 and 4,977,228 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	504	491	486	481	476
Accumulated other comprehensive income	3	5	3	2	−468,000
Accumulated deficit	−528	−506	−477	−451	−435
Total Pixelworks, Inc. shareholders deficit	−21	−11	13	32	40
Non-controlling interest	23	23	24	11	0
Total shareholders' equity	2	12	37	43	40
Total liabilities, redeemable non-controlling interest and shareholders' equity	51	64	96	102	107

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	3	4	5	5	6
Depreciation and amortization	3	4	4	5	4
Reversal of uncertain tax positions	−261,000	−81,000	−2,000	−2	−2,000
Deferred income tax expense (benefit)	−38,000	101,000	—	—	—
Loss on asset disposal	36,000	0	—	—	—
Accounts receivable, net	1	4	−28,000	−1	−4
Inventories	726,000	−242,000	−2	−291,000	976,000
Prepaid expenses and other current and long-term assets, net	2	5	5	2	−46,000
Accounts payable	−680,000	−1	−727,000	486,000	1
Accrued current and long-term liabilities	−3	−6	−3	−7	2
Income taxes payable	−6,000	231,000	−261,000	486,000	452,000
Net cash used in operating activities	−21	−20	−19	−13	−9
Proceeds from sale of patents	3	0	—	—	—
Asset related government subsidies received	754,000	641,000	0	—	—
Purchases of property and equipment	−448,000	−4	−4	−2	−3
Net cash provided by (used in) investing activities	3	−3	−4	−3	−3
Proceeds from issuance of common stock	8	0	—	—	0
"Net proceeds from ""at the market"" equity offering"	3	157,000	0	0	320,000
Proceeds from Lines of Credit	2	0	—	—	—
Payments on asset financings	−1	−1	−1	−1	−1
Proceeds from issuances of common stock under employee equity incentive plans	48,000	180,000	299,000	387,000	1
Net cash provided by (used in) financing activities	12	−971,000	14	11	43
Net decrease in cash and cash equivalents	−6	−24	−9	−5	30
Cash paid for income taxes, net of refunds received	552,000	227,000	315,000	188,000	376,000
Cash paid during the year for interest	127,000	97,000	161,000	196,000	162,000
Purchases of property and equipment and other assets under extended payment terms	6,000	517,000	2	2	1

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro