Xperi Inc. Segments Disclosure
NOTE 16 - GEOGRAPHIC AND SEGMENT RELATED INFORMATION
Geographic Information
Long-lived assets consist primarily of property and equipment and ROU assets. The following table summarizes long-lived assets by geographic region (in thousands):
|
|
December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
U.S. |
|
$ |
66,774 |
|
|
$ |
60,847 |
|
Europe |
|
|
6,252 |
|
|
|
7,656 |
|
Asia and other |
|
|
6,457 |
|
|
|
6,052 |
|
Total |
|
$ |
79,483 |
|
|
$ |
74,555 |
|
See Note 3—Revenue for information on revenue by geographic region.
Segment Reporting
The Company has one operating and reportable segment. The Company’s technologies are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences. The Company’s has been determined to be the chief operating decision maker (“CODM”) in accordance with the authoritative guidance on segment reporting. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on net income (loss) that also is reported on the statements of operations as consolidated net income (loss). The measure of segment assets is reported on the balance sheet as total consolidated assets.
The following table presents information about reported segment revenue, significant segment expenses, and segment net loss for the years ended December 31, 2025, 2024, and 2023 (in thousands):
|
|
Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Revenue |
|
$ |
448,105 |
|
|
$ |
493,688 |
|
|
$ |
521,334 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Cost of revenue, excluding depreciation and amortization of intangible assets (1) |
|
|
126,648 |
|
|
|
113,756 |
|
|
|
118,628 |
|
Research and development (1) |
|
|
135,054 |
|
|
|
191,352 |
|
|
|
222,833 |
|
Selling, general and administrative (1) |
|
|
181,869 |
|
|
|
218,106 |
|
|
|
233,403 |
|
Depreciation expense |
|
|
13,426 |
|
|
|
12,638 |
|
|
|
16,645 |
|
Amortization expense |
|
|
34,839 |
|
|
|
43,376 |
|
|
|
57,752 |
|
Impairment of long-lived assets |
|
|
— |
|
|
|
1,535 |
|
|
|
1,710 |
|
Interest and other income, net |
|
|
(6,093 |
) |
|
|
(829 |
) |
|
|
(2,991 |
) |
Interest expense - debt |
|
|
2,979 |
|
|
|
3,008 |
|
|
|
3,000 |
|
Gain on divestitures |
|
|
— |
|
|
|
(100,833 |
) |
|
|
— |
|
Provision for income taxes |
|
|
15,722 |
|
|
|
12,448 |
|
|
|
10,042 |
|
Consolidated net loss |
|
$ |
(56,339 |
) |
|
$ |
(869 |
) |
|
$ |
(139,688 |
) |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.