Peraso Inc.
Business
Peraso Inc. is a fabless semiconductor company that designs and sells millimeter-wave (mmWave) wireless technology semiconductor devices, antenna modules, and provides non-recurring engineering services and intellectual property licensing. Its primary products are mmWave ICs and integrated antenna modules operating in the 24–71 GHz frequency bands, compliant with IEEE 802.11ad/ay unlicensed standards and 3GPP 5G licensed specifications. The company serves fixed wireless access, point-to-point and point-to-multipoint broadband, military communications, and consumer applications including virtual reality and augmented reality. Peraso distributes through direct sales, resellers, and distributors across the United States, Africa, Asia, and Europe.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Peraso Inc.'s CIK number?
Peraso Inc.'s SEC CIK number is 0000890394 (890394). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Peraso Inc.'s SEC filings?
All of Peraso Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Peraso Inc. last report earnings?
Peraso Inc. (PRSO) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-26-004670). This is Peraso Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Peraso Inc.'s most recent earnings 8-K?
Peraso Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001654954-26-004670. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Peraso Inc.'s latest earnings 8-K →
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