XPER Xperi Inc.

Overview and Growth

In fiscal 2025, Xperi Inc. recorded $448.11M of revenue, net loss of $56.34M, and an operating cash outflow of $515.00K. The $448.11M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 9.2% from $493.69M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$1.23, adding a shareholder-level measure to the absolute income figures considered below. The company employed $615.83M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.73x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $321.46M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 71.7% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $43.73M after the reported operating expense base. The operating loss equaled 9.8% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $56.34M after operating, financing, tax, and other recognized items. The net loss equaled 12.6% of revenue, showing the bottom-line deficit relative to the company’s sales base. Before income taxes, the company recorded a loss of $40.62M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 9.1%. The company recognized $15.72M of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 13.6%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 9.1%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

Total assets were $615.83M, supported by $201.75M of liabilities and $414.07M of shareholder equity. The near-term balance sheet paired $267.49M of current assets with $110.65M of current liabilities at the reporting date. At 2.42x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $96.82M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 87.5% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $40.00M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.1x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 6.5%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 32.8%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 15.7%, comparing reported cash and equivalents with the full positive asset balance. Compared with $667.76M in fiscal 2024, the current asset base moved 7.8% and finished lower. Reported equity changed 3.5% from $429.08M in fiscal 2024, placing the current capital base lower year over year. Compared with $130.56M in fiscal 2024, the current cash balance moved 25.8% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $515.00K of cash, resulting in an operating cash outflow for the year. Capital spending of $5.38M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Operating cash flow and capital spending combined to leave a $5.90M cash deficit after capital spending. The free-cash-flow deficit equaled 1.3% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 1.0% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.