Xperi Inc.
Business
Xperi Inc. is a media and entertainment technology company that develops and licenses software, platforms, and audio technologies integrated into consumer devices, connected cars, and media platforms worldwide. The company offers user experience solutions for pay-TV operators, DTS audio codecs and post-processing for consumer electronics, HD Radio and automotive infotainment systems for connected cars, and TiVo OS—an independent smart TV and automotive operating system with integrated advertising and data monetization capabilities. Xperi operates as a single reportable segment with revenue grouped into four categories: Pay-TV, Consumer Electronics, Connected Car, and Media Platform.
Summary from 10-K filed 2026-02-26
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 | 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
| 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 | 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
| 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 | 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 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Xperi Inc.'s CIK number?
Xperi Inc.'s SEC CIK number is 0001788999 (1788999). 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 Xperi Inc.'s SEC filings?
All of Xperi 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 Xperi Inc. last report earnings?
Xperi Inc. (XPER) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001788999-26-000010). This is Xperi Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Xperi Inc.'s most recent earnings 8-K?
Xperi Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001788999-26-000010. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Xperi Inc.'s latest earnings 8-K →
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