Peraso Inc.

Listed Company

PRSOCIK 0000890394NasdaqNon-AcceleratedSmaller ReportingSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-4.75M

Total Assets

$6.08M

Equity

$4.64M

Shares Out

12.57M

Op. Cash Flow

$-5.61M

Business

Peraso Inc. is a fabless semiconductor company that develops and sells millimeter-wave (mmWave) wireless semiconductor devices, integrated antenna modules, and related non‑recurring engineering (NRE) services and IP licensing. Its main products include 60 GHz IEEE 802.11ad/ay mmWave ICs, integrated PERSPECTUS antenna modules, and a line of memory-dominated Bandwidth Engine ICs currently in end-of-life, alongside NRE/IP offerings. Key business segments encompass mmWave ICs and antenna modules, 5G mmWave components, and legacy memory products (EOL). The company markets products to OEMs, WISPs, carriers, defense contractors and consumer device makers via direct sales, representatives and distributors across the United States, Asia and Europe.

Summary from filing dated 2025-03-28

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
Total net revenue	12	15	14	—	—
Cost of net revenue	5	7	12	9	3
Gross profit	7	8	2	6	2
Research and development	6	9	14	20	11
Selling, general and administrative	6	9	9	11	7
Severance and software license obligations	−223,000	2	—	—	—
Total operating expenses	12	20	22	38	18
Loss from operations	−5	−12	−21	−32	−16
Interest expense	−1,000	−10,000	−21,000	—	—
Change in fair value of warrant liabilities	31,000	2	3	2	8
Other income (expense), net	−23,000	24,000	—	—	44,000
Net loss	−5	−11	−17	−32	−11
Basic (in Dollars per share)	−0.67	−3.57	−26	−64.41	−1.86
Diluted (in Dollars per share)	−0.67	−3.57	−26	−64.41	−1.86
Basic (in Shares)	7	3	646,000	503,000	6
Diluted (in Shares)	7	3	646,000	503,000	6

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	3	3	2	2	6
Accounts receivable, net	1	682,000	731,000	3	2
Inventories, net	1	2	3	5	4
Prepaid expenses and other	195,000	188,000	620,000	574,000	1
Total current assets	5	6	6	13	24
Property and equipment, net	363,000	512,000	1	2	2
Right-of-use lease assets	143,000	267,000	—	—	—
Intangible assets, net	6,000	13,000	3	6	8
Other	99,000	121,000	123,000	123,000	78,000
Total assets	6	7	11	22	48
Accounts payable	679,000	1	2	2	2
Accrued expenses and other	540,000	2	611,000	—	—
Deferred revenue	8,000	341,000	1	—	375,000
Short-term lease liabilities	95,000	139,000	370,000	687,000	379,000
Total current liabilities	1	4	5	5	6
Long-term lease liabilities	97,000	182,000	—	470,000	288,000
Warrant liabilities	24,000	55,000	2	2	—
Total liabilities	1	4	7	7	6
Commitments and contingencies (Note 5)	—	—	—	—	—
Preferred stock, value	—	—	—	—	—
Common stock, $0.001 par value; 120,000 shares authorized; 10,055 shares and 4,474 shares issued and outstanding at December 31, 2025 and 2024, respectively	9,000	3,000	1,000	—	12,000
Exchangeable shares, no par value; unlimited shares authorized; 56 shares and 60 shares outstanding at December 31, 2025 and 2024, respectively	—	—	—	—	—
Issuable shares, 137 and 917 shares at December 31, 2025 and 2024, respectively	162,000	1	—	—	—
Additional paid-in capital	186	179	170	165	159
Accumulated deficit	−182	−177	−166	−150	−117
Total stockholders equity	5	3	4	15	42
Total liabilities and stockholders equity	6	7	11	22	48

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
Depreciation and amortization	263,000	4	4	3	1
Stock-based compensation	521,000	4	5	6	4
Inventory write downs	36,000	359,000	4	—	—
Shares issued for services	90,000	54,000	—	—	—
Allowance for bad debt	−21,000	−2,000	−154,000	—	—
Accrued interest on debt obligation and other	—	−7,000	—	—	—
Accounts receivable	−516,000	51,000	3	−808,000	−848,000
Inventories	875,000	168,000	−816,000	−2	−1
Prepaid expenses and other assets	15,000	432,000	595,000	−59,000	560,000
Accounts payable	−357,000	−1	604,000	−94,000	804,000
Right-of-use assets	124,000	348,000	670,000	578,000	—
Lease liabilities - operating	−76,000	−260,000	−447,000	−542,000	−236,000
Accrued expenses and other	−1	1	−1	—	—
Deferred revenue	−333,000	−764,000	773,000	—	—
Net cash used in operating activities	−6	−5	−5	−16	−12
Purchases of property and equipment	−107,000	—	−94,000	−988,000	−71,000
Net cash used in investing activities	−107,000	—	1	10	7
Proceeds from at-the-market sales of stock, net	4	333,000	—	—	—
Proceeds from warrant inducement, net	933,000	3	—	—	—
Proceeds from sale of common stock and warrants, net	28,000	4	4	2	—
Repayment of financing lease	−53,000	−128,000	−107,000	—	—
Taxes paid to net share settle equity awards	—	−6,000	−49,000	−120,000	—
Net cash provided by financing activities	5	6	3	2	10
Net increase (decrease) in cash and cash equivalents	−458,000	2	−245,000	—	—

Filings

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