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Xperi Inc. operates as a media and entertainment technology company worldwide. It offers Pay-TV solutions, including user experience solutions servicing Pay-TV operators; and electronic program guides, including TV listings navigation plus integrated video-on-demand and digital video recorder, as well as integrates broadband internet-delivered video directly into the consumer's primary video consumption platform to provide universal search, discovery, and consumption regardless of where the content originates. The company also provides TiVo IPTV Service, a cloud-based solution to set-top-boxes in consumer homes, as well as applications that operate on third-party software platforms, such tablets, smartphones, smart TVs, streaming devices, and traditional IPTV set-top boxes; managed IPTV services; video metadata products comprising metadata libraries, covering television, sports, movies, digital-first, and celebrities; personalized content discovery, natural language voice, and insights; direct-to-consumer retail TiVo DVR subscriptions; and technical support operations. In addition, it offers home, mobile audio, and DTS post-processing audio solutions; Connected Car solutions, such as HD radio, a digital terrestrial broadcast system and DTS autostage, an automotive infotainment platform; and media platform, including TiVo OS, TiVo OS for TV devices, TiVo OS for Car, and TiVo OS, as well as TV viewership data and advertising monetization solutions. The company was incorporated in 2019 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $448M | $11M | $-56M | $-21M | -13.6% | -9.2% | - |
| 2024 | $494M | $71M | $-14M | $-72M | -3.3% | -5.3% | - |
| 2023 | $521M | $-52M | $-137M | $-13M | -35.3% | 3.8% | - |
| 2022 | $502M | $-663M | $-757M | $-43M | -168.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 502.26 | 521.33 | 493.69 | 448.11 |
| Cost Of Revenue | 122.95 | 118.63 | 113.76 | 126.65 |
| Gross Profit | 379.31 | 402.71 | 379.93 | 321.46 |
| Operating Expense | 516.47 | 530.63 | 465.47 | 365.19 |
| Operating Income | -137.15 | -127.93 | -85.54 | -43.73 |
| EBITDA | -663.39 | -52.25 | 70.60 | 10.63 |
| EBIT | -746.11 | -126.65 | 14.59 | -37.64 |
| Pretax Income | -747.62 | -129.65 | 11.58 | -40.62 |
| Tax Provision | 13.59 | 10.04 | 12.45 | 15.72 |
| Net Income | -757.48 | -136.61 | -14.01 | -56.34 |
| Net Income Common Stockholders | -757.48 | -136.61 | -14.01 | -56.34 |
| Total Expenses | 639.41 | 649.26 | 579.23 | 491.84 |
| Interest Expense | 1.51 | 3 | 3.01 | 2.98 |
| Interest Income | 3.33 | 2.99 | 0.83 | 6.09 |
| Research And Development | 216.35 | 222.83 | 191.35 | 135.05 |
| Selling General And Administration | 217.40 | 233.40 | 218.11 | 181.87 |
| Normalized EBITDA | -51.12 | -50.54 | -28.70 | 10.63 |
| Normalized Income | -273.78 | -135.26 | -92.45 | -56.34 |
| Basic EPS | -18.02 | -3.18 | -0.31 | -1.23 |
| Diluted EPS | -18.02 | -3.18 | -0.31 | -1.23 |
| Tax Effect Of Unusual Items | -128.58 | -0.36 | 20.85 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -612.28 | -1.71 | 99.30 | 0 |
| Total Unusual Items Excluding Goodwill | -612.28 | -1.71 | 99.30 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -757.48 | -136.61 | -14.01 | -56.34 |
| Reconciled Depreciation | 82.71 | 74.40 | 56.01 | 48.27 |
| Reconciled Cost Of Revenue | 122.95 | 118.63 | 113.76 | 126.65 |
| Net Interest Income | 1.81 | -0.01 | -2.18 | 3.11 |
| Net Income From Continuing And Discontinued Operation | -757.48 | -136.61 | -14.01 | -56.34 |
| Total Operating Income As Reported | -749.43 | -129.64 | -87.08 | -43.73 |
| Diluted Average Shares | 42.03 | 43.01 | 45.06 | 45.87 |
| Basic Average Shares | 42.03 | 43.01 | 45.06 | 45.87 |
| Diluted NI Availto Com Stockholders | -757.48 | -136.61 | -14.01 | -56.34 |
| Minority Interests | 3.72 | 3.08 | -13.14 | 0 |
| Net Income Including Noncontrolling Interests | -761.21 | -139.69 | -0.87 | -56.34 |
| Net Income Continuous Operations | -761.21 | -139.69 | -0.87 | -56.34 |
| Other Income Expense | -612.28 | -1.71 | 99.30 | 0 |
| Other Non Operating Income Expenses | 1.81 | -0.01 | 0 | 0 |
| Special Income Charges | -612.28 | -1.71 | 99.30 | 0 |
| Gain On Sale Of Business | 0 | 0 | 100.83 | 0 |
| Impairment Of Capital Assets | 612.28 | 1.71 | 1.53 | 0 |
| Net Non Operating Interest Income Expense | 1.81 | -0.01 | -2.18 | 3.11 |
| Interest Expense Non Operating | 1.51 | 3 | 3.01 | 2.98 |
| Interest Income Non Operating | 3.33 | 2.99 | 0.83 | 6.09 |
| Depreciation Amortization Depletion Income Statement | 82.71 | 74.40 | 56.01 | 48.27 |
| Depreciation And Amortization In Income Statement | 82.71 | 74.40 | 56.01 | 48.27 |
| Amortization | 62.21 | 57.75 | 43.38 | 34.84 |
| Amortization Of Intangibles Income Statement | 62.21 | 57.75 | 43.38 | 34.84 |
| Depreciation Income Statement | 20.50 | 16.64 | 12.64 | 13.43 |
| General And Administrative Expense | 217.40 | 233.40 | 218.11 | 181.87 |
| Other Gand A | 217.40 | 233.40 | 218.11 | 181.87 |
| Operating Revenue | 502.26 | 521.33 | 493.69 | 448.11 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Xperi Inc.this co. | XPER | $310M | - | 0.75 | -13.6% | 25.40 |
| BK Technologies Corporation | BKTI | $339M | 26.31 | 7.56 | 30.3% | 18.09 |
| Telos Corporation | TLS | $338M | - | 3.32 | -38.1% | -13.40 |
| Repay Holdings Corporation | RPAY | $330M | - | 0.64 | -53.3% | 9.32 |
| The Hackett Group, Inc. | HCKT | $330M | 28.41 | 4.82 |
| 19.0% |
| 12.31 |
| 3D Systems Corporation | DDD | $315M | 11.37 | 1.31 | 12.3% | -5.75 |
| Rimini Street, Inc. | RMNI | $311M | 8.69 | -11.49 | -137.3% | 7.61 |
| CS Disco, Inc. | LAW | $285M | - | 2.22 | -34.6% | -4.74 |
| Atomera Incorporated | ATOM | $281M | - | 12.76 | -109.8% | -13.04 |
| Peer Median | - | 18.84 | 2.77 | -36.4% | 1.43 | |