PIXELWORKS, INC
Business
Pixelworks, Inc. provides content creation, video delivery and display processing solutions that enable authentic viewing experiences with superior visual quality across all screens. Following the January 2026 divestiture of its semiconductor business, the company is focused on developing and licensing cinematic visualization solutions, including its flagship TrueCut Motion platform for motion grading and content finishing. The TrueCut Motion product line serves filmmakers, content distributors, and display manufacturers through a combination of services, software licensing, and certification offerings. The company operates primarily through direct relationships with customers in the cinematic market segment.
Summary from 10-K filed 2026-03-12
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 |
|---|---|---|---|---|---|---|
| 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
| 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 | 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
| 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 |
|---|---|---|---|---|---|---|
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PIXELWORKS, INC's CIK number?
PIXELWORKS, INC's SEC CIK number is 0001040161 (1040161). 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 PIXELWORKS, INC's SEC filings?
All of PIXELWORKS, 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 PIXELWORKS, INC last report earnings?
PIXELWORKS, INC (PXLW) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001040161-26-000031). This is PIXELWORKS, INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is PIXELWORKS, INC's most recent earnings 8-K?
PIXELWORKS, INC's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001040161-26-000031. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PIXELWORKS, INC's latest earnings 8-K →
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