Xperi Inc. XPER
We are a leading media and entertainment technology company. Our technologies are integrated into consumer devices, connected cars, and a variety of media platforms worldwide, enabling our unique audiences to connect with entertainment content in a more intelligent, immersive, and personal way. As our audiences engage with content on our platform, we operate a global, cross-screen advertising solution that enables brands to reach millions of engaged consumers across our rapidly expanding digital entertainment ecosystem, driving increased value for our partners, customers, and consumers. We operate in one reportable business segment and group our revenue into four categories: Pay-TV, Consumer Electronics, Connected Car and Media Platform. Headquartered in Silicon Valley with operations around the world, we have approximately 1,460 employees and more than 35 years of operating experience.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $448.1M | $493.7M | $521.3M | $502.3M | $486.5M | $376.1M | — |
| R&D | $135.1M | $191.4M | $222.8M | $216.4M | $194.9M | $163.4M | — |
| SG&A | $181.9M | $218.1M | $233.4M | $217.4M | $199.9M | $172.6M | — |
| Total operating expenses | $491.8M | $580.8M | $651.0M | $1.25B | $648.3M | $528.7M | — |
| Operating income | -$43.7M | -$87.1M | -$129.6M | -$749.4M | -$161.8M | -$152.6M | — |
| Interest expense | $3.0M | $3.0M | $3.0M | $1.5M | — | — | — |
| Pre-tax income | -$40.6M | $11.6M | -$129.6M | -$747.6M | -$160.2M | -$151.0M | — |
| Income tax | $15.7M | $12.4M | $10.0M | $13.6M | $18.8M | $9.7M | — |
| Net income | -$56.3M | -$14.0M | -$136.6M | -$757.5M | -$175.6M | -$138.3M | — |
| EPS, basic | -1.23 | -0.31 | -3.18 | -18.02 | -4.18 | -3.29 | — |
| EPS, diluted | -1.23 | -0.31 | -3.18 | -18.02 | -4.18 | -3.29 | — |
| Shares, diluted (wtd. avg.) | $45.9M | $45.1M | $43.0M | $42.0M | $42.0M | $42.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $96.8M | $130.6M | $142.1M | $160.1M | $120.7M | $85.6M | $47.3M |
| Receivables | $56.8M | $58.7M | $56.0M | $64.7M | $79.5M | — | — |
| Inventory | — | — | — | $6.7M | $5.1M | — | — |
| Total current assets | $267.5M | $304.9M | $316.9M | $332.3M | $277.1M | — | — |
| Property, plant and equipment | $51.9M | $44.5M | $41.6M | $47.8M | $57.5M | — | — |
| Goodwill | — | — | — | $0 | $536.5M | $532.5M | — |
| Other intangibles | $128.9M | $163.7M | $206.9M | $264.4M | $270.9M | — | — |
| Total assets | $615.8M | $667.8M | $673.6M | $736.9M | $1.23B | — | — |
| Accounts payable | $12.4M | $17.0M | $20.8M | $14.9M | $7.4M | — | — |
| Short-term debt | $0 | $50.0M | — | — | — | — | — |
| Total current liabilities | $110.6M | $185.3M | $165.1M | $150.2M | $120.0M | — | — |
| Long-term debt | $40.0M | $0 | $50.0M | $50.0M | — | — | — |
| Total liabilities | $201.8M | $238.7M | $286.5M | $287.9M | $212.8M | — | — |
| Retained earnings | -$895.8M | -$839.4M | -$805.4M | -$668.8M | — | — | — |
| Total equity | $414.1M | $429.1M | $387.1M | $449.0M | $1.02B | $1.08B | $714.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$515.0K | -$55.3M | $62.0K | -$28.4M | -$23.5M | -$23.8M | — |
| Depreciation and amortisation | $13.4M | $12.6M | $16.6M | $20.5M | $22.6M | $16.7M | — |
| Stock-based compensation | $40.7M | $60.5M | $69.5M | $45.3M | $33.5M | $19.2M | — |
| Capital expenditure | $5.4M | $5.0M | $6.8M | $13.1M | $8.9M | $6.6M | — |
| Investing cash flow | -$21.0M | $50.8M | -$12.9M | -$64.8M | -$21.5M | $26.5M | — |
| Financing cash flow | -$12.2M | -$19.4M | $7.1M | $135.8M | $83.3M | $34.2M | — |
| Buybacks | $0 | $20.0M | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-076849.
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