XPER

MKT CAP:$309M

Xperi Inc.

Market Cap

$309M

Technology·Semiconductors·🇺🇸 United States·NYSE

Technology·Semiconductors·🇺🇸·NYSE

Stock Price

$6.77+$1.00 (+17.33%)

Apr 22, 2026

Company Details

Xperi Inc. operates as a consumer and entertainment product and intellectual property licensing company. The Company invents, develops, and delivers technologies integrated into smart devices, media platforms, and semiconductors.

CEO

Jon E. Kirchner

IPO Date

Sep 20, 2022

Website

www.xperi.com

Key Metrics TTM

Revenue

$467M

+44.4% YoY

Net Income

-$336M

EPS (Diluted)

-$7.95

Free Cash Flow

-$40M

Revenue / Share

$10.31

Gross Margin

72.3%

Operating Margin

-70.2%

Net Margin

-72.0%

FCF Margin

-8.6%

P/S

0.7x

P/E

—

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 6, 2025

$112MEPS -$0.13

Q2 2025

Aug 7, 2025

$106MEPS -$0.32

Q1 2025

May 6, 2025

$114MEPS -$0.41

FY 2022

Mar 1, 2023

$502MEPS -$18.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$60M	$60M	$27M
Q2 16	$67M	$67M	$35M
Q3 16	$62M	$62M	$35M
Q4 16	$70M	$70M	-$6M
Q1 17	$67M	$66M	-$40M
Q2 17	$91M	$90M	-$5M
Q3 17	$89M	$87M	-$9M
Q4 17	$127M	$125M	$24M
Q1 18	$66M	$63M	-$29M
Q2 18	$64M	$62M	-$25M
Q3 18	$72M	$67M	-$18M
Q3 22	$122M	$90M	-$399M
Q4 22	$136M	$98M	-$299M
Q1 25	$114M	$84M	-$16M
Q2 25	$106M	$72M	-$11M
Q3 25	$112M	$83M	-$1M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	2.5x	11.6x
Q1 17	2.4x	24.1x
Q2 17	2.2x	—
Q3 17	2.1x	—
Q4 17	1.7x	—
Q1 18	1.7x	—
Q2 18	1.9x	—
Q3 18	2.0x	—
Q3 22	1.9x	—
Q4 22	1.0x	—
Q1 25	0.8x	—
Q2 25	0.7x	—
Q3 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$30M	$28M
Q2 16	$43M	$42M
Q3 16	$32M	$32M
Q4 16	$41M	$30M
Q1 17	$19M	$18M
Q2 17	$27M	$25M
Q3 17	$40M	$39M
Q4 17	$61M	$60M
Q1 18	$5M	$4M
Q2 18	$35M	$33M
Q3 18	$29M	$26M
Q3 22	$11M	$8M
Q4 22	-$17M	-$21M
Q1 25	-$22M	-$26M
Q2 25	$10M	$5M
Q3 25	$8M	$2M

Capital Expenditures

Quarter	CapEx
Q1 16	$2M
Q2 16	$443.0K
Q3 16	$473.0K
Q4 16	$10M
Q1 17	$565.0K
Q2 17	$1M
Q3 17	$549.0K
Q4 17	$1M
Q1 18	$768.0K
Q2 18	$2M
Q3 18	$3M
Q3 22	$3M
Q4 22	$4M
Q1 25	$4M
Q2 25	$5M
Q3 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 17	+12.1%	+224.4%
Q2 17	+36.3%	+201.8%
Q3 17	+41.8%	+262.1%
Q4 17	+80.6%	+35.1%
Q1 18	-2.6%	-11.4%
Q2 18	-30.0%	-7.7%
Q3 18	-18.2%	-7.5%
Q3 22	-4.0%	+409.5%
Q4 22	+106.8%	+358.1%
Q1 25	+78.3%	+46.1%
Q2 25	+46.4%	+29.5%
Q3 25	-8.2%	-78.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$4M	6.1%
Q2 16	$4M	5.9%
Q3 16	$3M	5.6%
Q4 16	$10M	14.3%
Q1 17	$7M	10.5%
Q2 17	$9M	9.3%
Q3 17	$8M	9.5%
Q4 17	$10M	7.5%
Q1 18	$7M	11.3%
Q2 18	$7M	11.3%
Q3 18	$7M	10.3%
Q3 22	$11M	8.7%
Q4 22	$16M	11.5%
Q1 25	$12M	10.6%
Q2 25	$10M	9.7%
Q3 25	$10M	8.6%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 16	$10M	—	$11M
Q2 16	$10M	—	$11M
Q3 16	$9M	—	$12M
Q4 16	$16M	—	$37M
Q1 17	$26M	—	$41M
Q2 17	$26M	—	$33M
Q3 17	$26M	—	$34M
Q4 17	$28M	—	$36M
Q1 18	$27M	—	$35M
Q2 18	$25M	—	$30M
Q3 18	$24M	—	$28M
Q3 22	$57M	—	—
Q4 22	$58M	—	—
Q1 25	$40M	$49M	—
Q2 25	$30M	$41M	—
Q3 25	$30M	$43M	—

Revenue Segments

Quarter	Product Licensing Segment	Semiconductor and IP Licensing Segment
Q1 17	$28M	$40M
Q2 17	$46M	$45M
Q3 17	$43M	$46M
Q4 17	$89M	$38M

Revenue by Geography

Quarter	Japan	Korea, Republic Of	Other Asia	Taiwan, Province Of China	United States	China	Europe and Middle East	Europe And Middle East
Q1 17	$14M	$7M	$5M	$8M	$33M	—	—	—
Q2 17	$20M	$14M	$15M	$8M	$34M	—	—	—
Q3 17	$21M	$14M	$14M	$8M	$32M	—	—	—
Q1 18	$19M	$14M	$5M	$531.0K	$12M	$14M	—	—
Q2 18	$18M	$17M	$2M	—	$14M	$1M	$11M	—
Q3 18	$28M	$19M	$310.0K	—	$14M	$2M	—	$9M
Q4 22	$20M	$9M	$14M	—	$76M	$4M	—	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$123M	$0	$123M
Q2 22	$175M	$0	$175M
Q3 22	$180M	$0	$180M
Q4 22	$160M	$0	$160M
Q1 23	$111M	$0	$111M
Q2 23	$112M	$0	$112M
Q3 23	$132M	$0	$132M
Q4 23	$142M	$0	$142M
Q1 24	$95M	$0	$95M
Q2 24	$92M	$0	$92M
Q3 24	$73M	$0	$73M
Q4 24	$131M	$0	$131M
Q1 25	$88M	$0	$88M
Q2 25	$95M	$0	$95M
Q3 25	$56M	$59M	$115M
Q4 25	$73M	$64M	$137M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	51M	—	—
Q2 16	49M	-2.3%	—
Q3 16	49M	-0.2%	—
Q4 16	49M	-1.4%	—
Q1 17	49M	+1.1%	-2.8%
Q2 17	49M	+0.7%	+0.1%
Q3 17	49M	-0.0%	+0.3%
Q4 17	50M	+0.3%	+2.1%
Q1 18	49M	-0.7%	+0.3%
Q2 18	49M	-0.5%	-0.8%
Q3 18	49M	-0.2%	-1.0%
Q3 22	42M	-14.2%	-15.3%
Q4 22	42M	+0.0%	-14.7%
Q1 25	45M	+7.2%	-8.2%
Q2 25	45M	+0.6%	-7.4%
Q3 25	45M	0.0%	+7.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	—	—
Q1 17	—	—
Q2 17	—	—
Q3 17	—	—
Q4 17	—	—
Q1 18	—	—
Q2 18	—	—
Q3 18	—	—
Q3 22	—	—
Q4 22	—	—
Q1 25	$67.9K	2K
Q2 25	$63.1K	2K
Q3 25	$66.4K	2K

Revenue / Employee