Xperi Inc.

Listed Company

XPERCIK 0001788999NYSEAcceleratedEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$448.11M

Net Income

$-56.34M

Total Assets

$615.83M

Equity

$414.07M

Shares Out

46.97M

Op. Cash Flow

$-515.0K

Business

Xperi Inc. is a consumer and entertainment technology company that creates integrated experiences for home and in-car media consumption. Xperi Inc. offers software platforms, immersive audio codecs and post‑processing, metadata and personalized content discovery, Pay‑TV UX solutions, TiVo OS and streaming devices, HD Radio and automotive infotainment (DTS AutoStage), and advertising and data monetization services. Xperi Inc. operates one reportable segment with revenue grouped into Pay‑TV, Consumer Electronics, Connected Car and Media Platform categories. Xperi Inc. distributes its technologies through device OEMs, Pay‑TV operators, automotive manufacturers, streaming partners and retail channels worldwide.

Summary from filing dated 2025-02-27

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	448	494	521	502	486
Cost of revenue, excluding depreciation and amortization of intangible assets	127	114	119	123	126
Research and development	135	191	223	216	195
Selling, general and administrative	182	218	233	217	200
Depreciation expense	13	13	17	21	23
Amortization expense	35	43	58	62	105
Impairment of long-lived assets	0	2	2	8	—
Total operating expenses	492	581	651	1,252	648
Operating loss	−44	−87	−130	−749	−162
Interest and other income, net	6	829,000	3	3	—
Interest expense - debt	−3	−3	−3	−2	—
Gain on divestiture	0	101	0	—	—
(Loss) income before taxes	−41	12	−130	−748	−160
Provision for income taxes	16	12	10	14	19
Net loss	−56	−869,000	−140	−761	−179
Less: net income (loss) attributable to noncontrolling interest	0	13	−3	−4	−3
Net loss attributable to the Company	−56	−14	−137	−757	−176
Basic loss per share	−1.23	−0.31	−3.18	−18.02	−4.18
Diluted loss per share	−1.23	−0.31	−3.18	−18.02	−4.18
Weighted-average number of shares used in computing net loss per share attributable to the Company - basic	46	45	43	42	42
Weighted-average number of shares used in computing net loss per share attributable to the Company - diluted	46	45	43	42	42

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	97	131	142	160	121
Accounts receivable, net	57	59	56	65	79
Unbilled contracts receivable, net	78	83	64	65	51
Prepaid expenses and other current assets	24	32	39	42	—
Deferred consideration from divestiture	12	0	—	—	—
Total current assets	267	305	317	332	277
Note receivable, noncurrent	32	30	—	—	—
Deferred consideration from divestiture, noncurrent	8	18	—	—	—
Unbilled contracts receivable, noncurrent	67	45	18	4	4
Property and equipment, net	52	44	42	48	57
Operating lease right-of-use assets	28	30	40	53	62
Intangible assets, net	129	164	207	264	271
Deferred tax assets	5	7	5	2	2
Other noncurrent assets	27	24	33	33	19
Total assets	616	668	674	737	1,229
Accounts payable	12	17	21	15	7
Accrued liabilities	82	94	110	110	84
Deferred revenue	16	24	28	25	28
Short-term debt	0	50	—	—	—
Total current liabilities	111	185	165	150	120
Long-term debt	40	0	50	50	—
Deferred revenue, noncurrent	15	21	19	19	24
Operating lease liabilities, noncurrent	21	20	31	43	49
Deferred tax liabilities	1	1	7	13	14
Other noncurrent liabilities	13	11	5	13	6
Total liabilities	202	239	287	288	213
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock: $0.001 par value; 6,000 shares authorized as of December 31, 2025 and 2023; no shares issued and outstanding as of December 31, 2025 and 2024	0	0	—	—	—
Common stock: $0.001 par value; 140,000 shares authorized as of December 31, 2025 and 2024; 46,924 and 44,328 shares issued and outstanding as of December 31, 2025 and 2024, respectively	47,000	44,000	44,000	42,000	—
Additional paid-in capital	1,314	1,275	1,213	1,136	—
Accumulated other comprehensive loss	−4	−6	−3	−4	−676,000
Accumulated deficit	−896	−839	−805	−669	—
Total equity	414	429	387	449	1,016
Total liabilities and equity	616	668	674	737	1,229

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	41	61	70	45	34
Deferred income taxes	2	−3	−9	−9	7
Accrued interest income from note receivable	−2	−2	0	—	—
Accretion of discount from deferred consideration from divestitures	−2	−1	0	—	—
Loss from deconsolidation of Perceive subsidiary	0	5	0	—	—
Other	5	1	748,000	24,000	−2
Accounts receivable	−586,000	−5	6	18	−2
Unbilled contracts receivable	−18	−46	−19	−12	15
Prepaid expenses and other assets	6	11	3	−20	15
Accounts payable	−5	−3	5	7	−4
Accrued and other liabilities	−6	−25	4	19	−37
Deferred revenue	−14	−3	4	−8	2
Net cash (used in) provided by operating activities	−515,000	−55	62,000	−28	−23
Capitalized internal-use software	−16	−12	−6	−1	—
Purchases of property and equipment	−5	−5	−7	−13	−9
Purchases of intangible assets	−7,000	−195,000	−185,000	−166,000	−186,000
Net proceeds from divestitures	0	68	0	—	—
Net cash (used in) provided by investing activities	−21	51	−13	−65	−21
Repayment of short-term debt	−50	0	0	—	—
Withholding taxes related to net share settlement of equity awards	−7	−7	−5	−286,000	—
Payment of debt issuance costs	−1	0	0	—	—
Repayment of long-term debt	−1	0	0	—	—
Repurchases of common stock	0	−20	0	—	—
Proceeds from long-term debt	41	0	0	—	—
Proceeds from issuance of common stock under employee stock purchase plan	6	8	12	—	—
Net cash (used in) provided by financing activities	−12	−19	7	136	83
Effect of exchange rate changes on cash and cash equivalents	0	0	126,000	−3	−3
Net decrease in cash and cash equivalents	−34	−24	−6	39	35
Income taxes paid, net of refunds	13	19	21	13	12
Interest paid	2	3	3	756,000	—
Note receivable in exchange for consideration from divestiture	0	28	0	—	—
Deferred consideration from divestiture	0	17	0	—	—
Property and equipment included in accounts payable	862,000	516,000	1	184,000	—
Costs capitalized for internal-use software included in accounts payable and accrued liabilities	137,000	414,000	0	—	—

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