PERF

MKT CAP:$169M

Perfect Corp.

Market Cap

$169M

Technology·Software - Application·🇹🇼 Taiwan·NYSE

Technology·Software App·🇹🇼·NYSE

Stock Price

$1.69-$0.04 (-2.31%)

Apr 22, 2026

Company Details

Perfect Corp. provides SaaS artificial intelligence and augmented reality beauty and fashion tech business solutions. The company offers AR makeup virtual try-on, YouCam tutorial, AI foundation shade finder and matcher, AI virtual backgroun...

CEO

Alice H. Chang

IPO Date

Oct 31, 2022

Website

www.perfectcorp.com

Key Metrics TTM

Revenue

$65M

+32.4% YoY

Net Income

$2M

EPS (Diluted)

$0.03

Free Cash Flow

$9M

Revenue / Share

$10.26

Gross Margin

77.1%

Operating Margin

-2.7%

Net Margin

3.1%

FCF Margin

14.5%

P/S

2.6x

P/E

84.7x

Earnings Reports

Q1 2026

Apr 27, 2026

PENDING

FY 2025

Mar 13, 2026

$69M+14.9%EPS $0.05

Q4 2025

Mar 13, 2026

$18M+14.2%EPS $0.01

Q2 2025

Sep 26, 2025

$16MEPS $0.00

FY 2024

Mar 28, 2025

$60MEPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 14	$185M	$82M	$5M
Q4 14	$184M	$84M	$8M
Q4 15	$162M	$78M	$5M
Q4 16	$142M	$65M	-$5M
Q1 20	$7M	$7M	$220.0K
Q2 20	$7M	$7M	$220.0K
Q3 20	$8M	$6M	-$2M
Q4 20	$8M	$6M	-$2M
Q4 21	$11M	$9M	-$4M
Q4 22	$11M	$9M	-$69M
Q1 23	$12M	$10M	-$1M
Q3 23	$15M	$12M	-$831.0K
Q1 24	$14M	$11M	-$1M
Q4 24	$16M	$12M	-$481.0K
Q2 25	$16M	$12M	-$1M
Q4 25	$18M	$15M	$1M

Valuation

Quarter	P/S	P/E
Q1 14	—	—
Q4 14	—	—
Q4 15	0.2x	—
Q4 16	0.3x	74.0x
Q1 20	0.3x	344.0x
Q2 20	0.5x	—
Q3 20	1.0x	—
Q4 20	5.7x	—
Q4 21	5.0x	—
Q4 22	4.5x	—
Q1 23	4.0x	—
Q3 23	3.5x	—
Q1 24	3.2x	—
Q4 24	3.0x	28.4x
Q2 25	2.8x	31.0x
Q4 25	2.6x	84.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 14	$48M	$46M
Q4 14	$66M	$63M
Q4 15	$60M	$57M
Q4 16	$44M	$44M
Q1 20	$632.5K	$568.5K
Q2 20	$632.5K	$568.5K
Q3 20	$464.0K	$420.5K
Q4 20	$464.0K	$420.5K
Q4 21	$3M	$2M
Q4 22	-$22M	-$20M
Q1 23	$0	$0
Q3 23	$4M	$4M
Q1 24	$0	$0
Q4 24	$3M	$3M
Q2 25	$4M	$4M
Q4 25	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q1 14	$2M
Q4 14	$3M
Q4 15	$3M
Q4 16	$501.0K
Q1 20	$64.0K
Q2 20	$64.0K
Q3 20	$43.5K
Q4 20	$43.5K
Q4 21	$153.7K
Q4 22	$2M
Q1 23	$0
Q3 23	$13.0K
Q1 24	$0
Q4 24	$3.0K
Q2 25	$118.7K
Q4 25	$9.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 16	-21.7%	-26.1%
Q1 20	-96.1%	-96.1%
Q2 20	-96.0%	-96.0%
Q3 20	-95.3%	-94.1%
Q4 20	-94.6%	-93.6%
Q4 21	+52.8%	+112.5%
Q4 22	+52.7%	+1036.2%
Q1 23	+58.0%	+46.2%
Q3 23	+89.3%	+64.9%
Q1 24	+29.0%	+3.6%
Q4 24	+43.4%	-79.5%
Q2 25	+34.6%	+30.6%
Q4 25	+24.6%	+9.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 14	$0	0.0%
Q4 14	$0	0.0%
Q4 15	$0	0.0%
Q4 16	$0	0.0%
Q1 20	$86.5K	1.2%
Q2 20	$86.5K	1.2%
Q3 20	$81.5K	1.1%
Q4 20	$81.5K	1.1%
Q4 21	$0	0.0%
Q4 22	$595.0K	5.4%
Q1 23	$0	0.0%
Q3 23	$1M	8.5%
Q1 24	$784.0K	5.5%
Q4 24	$593.0K	3.7%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 14	—	$74M	$3M	—
Q4 14	—	$72M	$4M	—
Q4 15	—	$69M	$4M	—
Q4 16	—	$61M	$9M	—
Q1 20	$2M	$448.5K	$4M	—
Q2 20	$2M	$448.5K	$4M	—
Q3 20	$2M	$1M	$5M	—
Q4 20	$2M	$1M	$5M	—
Q4 21	$3M	$2M	$7M	—
Q4 22	$3M	$69M	$6M	—
Q1 23	$3M	$2M	$6M	—
Q3 23	$3M	$3M	$6M	—
Q1 24	$3M	$2M	$7M	—
Q4 24	$3M	$2M	$7M	—
Q2 25	$4M	$2M	$8M	—
Q4 25	$4M	—	—	$9M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 14	—	4.2%	—
Q4 14	—	6.0%	—
Q4 15	—	4.6%	—
Q4 16	-21.7%	-2.2%	-23.9
Q1 20	-96.1%	3.7%	-92.4
Q2 20	-96.0%	3.7%	-92.3
Q3 20	-95.3%	-20.8%	-116.0
Q4 20	-94.6%	-20.8%	-115.3
Q4 21	52.8%	-1385.6%	-1332.8
Q4 22	52.7%	-1716.0%	-1663.3
Q1 23	58.0%	6.5%	64.5
Q3 23	89.3%	25.6%	114.9
Q1 24	29.0%	3.7%	32.7
Q4 24	43.4%	7.3%	50.7
Q2 25	34.6%	5.6%	40.2
Q4 25	24.6%	3.5%	28.1

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$193.4K	$0	$193.4K
Q2 22	$83M	$0	$83M
Q3 22	$84M	$0	$84M
Q4 22	$163M	$30M	$193M
Q1 23	$95M	$101M	$196M
Q2 23	$37M	$161M	$198M
Q3 23	$115M	$86M	$201M
Q4 23	$124M	$30M	$154M
Q1 24	$122M	$35M	$157M
Q2 24	$121M	$38M	$159M
Q3 24	$127M	$36M	$163M
Q4 24	$127M	$39M	$166M
Q1 25	$128M	$36M	$165M
Q2 25	$125M	$42M	$168M
Q3 25	$128M	$42M	$170M
Q4 25	$126M	$36M	$162M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 14	123M	+10.1%	—
Q4 14	124M	+0.9%	—
Q4 15	124M	-0.0%	—
Q4 16	124M	+0.0%	+11.1%
Q1 20	118M	-4.6%	-3.7%
Q2 20	118M	0.0%	-4.5%
Q3 20	118M	0.0%	-4.5%
Q4 20	118M	0.0%	-4.6%
Q4 21	118M	0.0%	0.0%
Q4 22	118M	+0.0%	+0.0%
Q1 23	108M	-8.4%	-8.4%
Q3 23	108M	0.0%	-8.4%
Q1 24	105M	-3.1%	-11.2%
Q4 24	110M	+4.3%	-7.4%
Q2 25	100M	-9.0%	-8.0%
Q4 25	6M	-93.7%	-94.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 14	—	—
Q4 14	—	—
Q4 15	—	—
Q4 16	—	—
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q4 21	—	—
Q4 22	$37.3K	297
Q1 23	$40.9K	297
Q3 23	$49.0K	297
Q1 24	$44.5K	321
Q4 24	$46.4K	342
Q2 25	$47.8K	342
Q4 25	$51.4K	353

Revenue / Employee