Xperi Holding Corporation(NYSE:XPER)
Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Product, and Intellectual Property Licensing. The company invents, develops, and delivers various technologies. It lice...
Website: http://www.xperi.com
Founded: 1990
Full Time Employees: 1,900
Sector: Technology
Industry: Semiconductor Equipment & Materials
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
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revenue | 104,772,000 | 87,339,000 | 85,735,000 | 87,670,000 | 119,168,000 | 86,101,000 | 87,350,000 | 83,405,000 | 86,867,000 | 101,397,000 | 83,217,000 | 117,307,000 | -263,446,000 | 210,941,000 | |||||||||
yoy | -12.08% | 1.44% | -1.85% | 5.11% | 37.18% | -15.09% | 4.97% | -28.90% | -132.97% | -51.93% | |||||||||||||
qoq | 19.96% | 1.87% | -2.21% | -26.43% | 38.40% | -1.43% | 4.73% | -3.99% | -14.33% | 21.85% | -29.06% | -144.53% | -224.89% | ||||||||||
operating expenses: | |||||||||||||||||||||||
research and development | 18,202,000 | 16,040,000 | 15,857,000 | 16,467,000 | 16,049,000 | 14,825,000 | 14,799,000 | 13,925,000 | 14,369,000 | 13,768,000 | 13,116,000 | 13,011,000 | |||||||||||
selling, general and administrative | 29,834,000 | 24,920,000 | 32,129,000 | 28,432,000 | 27,894,000 | 26,903,000 | 24,617,000 | 24,029,000 | 24,049,000 | 21,921,000 | 26,394,000 | 22,862,000 | -90,889,000 | 83,958,000 | 72,116,000 | 70,446,000 | 68,331,000 | 62,627,000 | 67,668,000 | 67,430,000 | 76,770,000 | 63,785,000 | 68,195,000 |
amortization expense | 15,931,000 | 14,175,000 | 14,170,000 | 14,082,000 | 13,934,000 | 13,600,000 | 20,030,000 | 23,157,000 | 23,010,000 | 23,386,000 | 23,650,000 | 23,689,000 | -22,216,000 | 40,808,000 | 39,166,000 | 39,319,000 | 46,576,000 | 52,388,000 | 52,242,000 | 52,195,000 | 51,379,000 | 50,894,000 | 32,044,000 |
litigation expense | 5,973,000 | 5,195,000 | 7,174,000 | 5,854,000 | 3,809,000 | 2,652,000 | 4,262,000 | 2,930,000 | 2,172,000 | 2,205,000 | 2,334,000 | 2,622,000 | 589,000 | 3,083,000 | 3,161,000 | 1,753,000 | 4,480,000 | 2,327,000 | 2,302,000 | 2,533,000 | 6,281,000 | 8,527,000 | 3,871,000 |
total operating expenses | 69,940,000 | 60,330,000 | 69,330,000 | 64,835,000 | 61,686,000 | 57,980,000 | 63,708,000 | 64,041,000 | 63,600,000 | 61,280,000 | 65,494,000 | 62,184,000 | -714,901,000 | 587,157,000 | 209,167,000 | 204,451,000 | 228,216,000 | 215,453,000 | 209,018,000 | 211,197,000 | 244,145,000 | 221,760,000 | 155,350,000 |
operating income | 34,832,000 | 27,009,000 | 16,405,000 | 22,835,000 | 17,781,750 | 28,121,000 | 23,642,000 | 19,364,000 | -74,598,750 | -376,216,000 | 24,851,000 | 52,969,000 | -13,767,000 | 3,926,000 | 13,254,000 | 10,399,000 | 189,782,000 | -18,963,000 | -17,719,000 | ||||
yoy | 95.89% | -3.95% | -30.61% | 17.93% | 441.87% | -9682.68% | 87.50% | 409.37% | -107.25% | -120.70% | -174.80% | ||||||||||||
qoq | 28.96% | 64.64% | -28.16% | 28.42% | -36.77% | 18.95% | 22.09% | -80.17% | -1613.89% | -53.08% | -484.75% | -450.66% | -70.38% | 27.45% | -94.52% | -1100.80% | 7.02% | ||||||
operating margin % | 33.25% | 30.92% | 19.13% | 26.05% | 14.92% | 32.66% | 27.07% | 23.22% | 0% | 0% | 0% | 0% | 28.32% | -178.35% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% |
interest expense | -8,546,000 | -10,054,000 | -10,216,000 | -10,649,000 | -12,310,000 | -12,758,000 | -13,296,000 | -14,175,000 | -15,437,000 | -15,659,000 | -15,540,000 | -15,938,000 | -14,269,000 | -13,198,000 | -9,440,000 | -8,429,000 | -8,573,000 | -8,532,000 | -10,555,000 | -11,313,000 | -13,271,000 | -13,393,000 | -6,958,000 |
other income and expense | 1,693,000 | 1,476,000 | 1,434,000 | 1,712,000 | 1,311,000 | 1,431,000 | 1,428,000 | 1,400,000 | 1,597,000 | 1,486,000 | 1,617,000 | 1,620,000 | 366,000 | 460,000 | -278,000 | 927,000 | 564,000 | 1,425,000 | 1,007,000 | 2,305,000 | 578,000 | ||
income before income taxes | 27,979,000 | 18,431,000 | 7,623,000 | 13,898,000 | 8,676,000 | 16,794,000 | 11,321,000 | 6,589,000 | |||||||||||||||
provision for income taxes | 5,206,000 | 9,603,000 | -9,099,000 | 2,084,000 | 10,455,000 | -2,520,000 | 2,939,000 | 5,690,000 | -3,273,000 | 1,712,000 | 2,381,000 | 11,784,000 | -73,156,000 | 865,000 | 22,138,000 | 21,533,000 | 8,951,750 | 42,698,000 | -4,015,000 | -1,126,000 | 482,000 | ||
net income | 22,773,000 | 8,828,000 | 16,722,000 | 11,814,000 | 36,028,000 | 19,314,000 | 8,382,000 | 899,000 | 12,700,000 | 24,232,000 | 1,419,000 | 29,021,000 | 73,730,000 | -389,819,000 | -6,473,000 | 23,975,000 | -15,189,000 | -46,377,000 | -1,873,000 | 4,526,000 | 178,644,000 | -30,533,000 | -23,100,000 |
yoy | -36.79% | -54.29% | 99.50% | 1214.13% | 183.69% | -20.30% | 490.70% | -96.90% | -82.77% | -106.22% | -121.92% | 21.05% | -585.42% | 740.54% | 245.60% | 429.72% | -108.50% | 51.89% | -91.89% | ||||
qoq | 157.96% | -47.21% | 41.54% | -67.21% | 86.54% | 130.42% | 832.37% | -92.92% | -47.59% | 1607.68% | -95.11% | -60.64% | -118.91% | 5922.23% | -127.00% | -257.84% | -67.25% | 2376.08% | -141.38% | -97.47% | -685.08% | 32.18% | |
net income margin % | 21.74% | 10.11% | 19.50% | 13.48% | 30.23% | 22.43% | 9.60% | 1.08% | 14.62% | 23.90% | 1.71% | 24.74% | -27.99% | -184.80% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% |
net income per share | |||||||||||||||||||||||
basic | 0.21 | 0.08 | 0.15 | 0.11 | 0.065 | 0.18 | 0.08 | 0.01 | |||||||||||||||
diluted | 0.2 | 0.08 | 0.15 | 0.1 | 0.063 | 0.17 | 0.07 | 0.01 | |||||||||||||||
weighted-average number of shares used in per share calculations | |||||||||||||||||||||||
basic | 109,503 | 109,421 | 108,832 | 107,948 | 109,035 | 108,667 | 107,765 | ||||||||||||||||
diluted | 114,203 | 112,823 | 112,179 | 113,021 | 113,124 | 112,536 | 112,977 | ||||||||||||||||
loss on debt extinguishment | -453,000 | -8,012,000 | -8,300,000 | ||||||||||||||||||||
operating income from continuing operations | 23,267,000 | 40,117,000 | 17,723,000 | 55,123,000 | |||||||||||||||||||
income from continuing operations before income taxes | 9,427,000 | 25,944,000 | 3,800,000 | 40,805,000 | |||||||||||||||||||
net income from continuing operations | 12,700,000 | 24,232,000 | 1,419,000 | 29,021,000 | |||||||||||||||||||
net loss from discontinued operations, net of tax | |||||||||||||||||||||||
less: net loss attributable to non-controlling interest in discontinued operations | |||||||||||||||||||||||
net income attributable to the company | 12,700,000 | 24,232,000 | 1,419,000 | 29,021,000 | -5,625,000 | 24,943,000 | -1,118,000 | 5,287,000 | |||||||||||||||
income per share: | |||||||||||||||||||||||
basic | -0.05 | 0.24 | -0.01 | 0.05 | |||||||||||||||||||
continuing operations | 0.12 | 0.23 | 0.01 | 0.27 | |||||||||||||||||||
discontinued operations | |||||||||||||||||||||||
diluted | |||||||||||||||||||||||
weighted-average number of shares used in per share calculations-basic | 108,647 | 106,554 | 106,902 | 106,464 | 105,585 | 104,336 | 104,510 | 104,001 | 103,679 | 104,735 | 104,849 | 104,906 | 104,940 | 82,840 | 107,499 | 69,160 | |||||||
weighted-average number of shares used in per share calculations-diluted | 113,061 | 112,849 | 112,929 | 112,775 | 113,447 | 107,580 | 104,510 | 104,001 | 105,332 | 104,735 | 104,849 | 104,906 | 107,776 | 83,856 | 107,499 | 69,160 | |||||||
cost of revenue, excluding depreciation and amortization of intangible assets | 21,581,000 | 31,554,000 | 27,074,000 | 27,697,000 | |||||||||||||||||||
research, development and other related costs | 47,470,250 | 68,366,000 | 62,145,000 | 59,370,000 | 63,828,000 | 58,766,000 | 54,408,000 | 55,223,000 | 70,589,000 | 57,731,000 | 38,227,000 | ||||||||||||
depreciation expense | 4,189,750 | 5,388,000 | 5,505,000 | 5,866,000 | 5,807,000 | 6,796,000 | 5,514,000 | 5,684,000 | 6,103,000 | 6,753,000 | 3,333,000 | ||||||||||||
goodwill impairment | 88,500,000 | 354,000,000 | |||||||||||||||||||||
loss before taxes | -81,945,000 | -388,954,000 | -1,979,250 | -3,679,000 | -4,749,000 | -10,402,250 | -30,051,000 | -32,399,000 | |||||||||||||||
less: net loss attributable to noncontrolling interest | -676,500 | -890,000 | -848,000 | -968,000 | -630,000 | -1,310,000 | -755,000 | -761,000 | -1,147,000 | -781,000 | -487,000 | ||||||||||||
net loss attributable to the company | -92,402,500 | -388,929,000 | -10,224,500 | -45,067,000 | -8,257,250 | -29,752,000 | -22,613,000 | ||||||||||||||||
loss per share attributable to the company: | |||||||||||||||||||||||
basic | -0.888 | -3.72 | -0.098 | -0.43 | -0.11 | -0.28 | -0.33 | ||||||||||||||||
diluted | -0.888 | -3.72 | -0.098 | -0.43 | -0.11 | -0.28 | -0.33 | ||||||||||||||||
revenue: | 234,018,000 | 257,420,000 | |||||||||||||||||||||
other income | 254,000 | 968,000 | |||||||||||||||||||||
income before taxes | 15,665,000 | 45,508,000 | 511,000 | ||||||||||||||||||||
income per share attributable to the company: | |||||||||||||||||||||||
basic | -0.05 | 0.24 | -0.01 | 0.05 | |||||||||||||||||||
diluted | -0.05 | 0.24 | -0.01 | 0.05 | |||||||||||||||||||
licensing, services and software | 162,768,750 | 214,558,000 | 218,112,000 | 218,405,000 | 427,801,000 | 195,319,000 | 135,996,000 | ||||||||||||||||
hardware | 3,043,000 | 4,821,000 | 4,160,000 | 3,191,000 | 6,126,000 | 7,478,000 | 1,635,000 | ||||||||||||||||
total revenue | 165,811,750 | 219,379,000 | 222,272,000 | 221,596,000 | 433,927,000 | 202,797,000 | 137,631,000 | ||||||||||||||||
cost of licensing, services and software revenue, excluding depreciation and amortization of intangible assets | 17,468,750 | 26,043,000 | 22,418,000 | 21,416,000 | 25,634,000 | 21,854,000 | 8,252,000 | ||||||||||||||||
cost of hardware revenue, excluding depreciation and amortization of intangible assets | 4,422,250 | 6,506,000 | 4,466,000 | 6,716,000 | 7,389,000 | 12,216,000 | 1,428,000 | ||||||||||||||||
benefit from income taxes | -2,876,000 | -9,299,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
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assets | |||||||||||||||||||||||
current assets: | |||||||||||||||||||||||
cash and cash equivalents | 53,325,000 | 56,090,000 | 84,247,000 | 84,184,000 | 78,825,000 | 60,698,000 | 66,454,000 | 58,024,000 | 54,560,000 | 51,855,000 | 60,470,000 | 82,429,000 | 114,555,000 | 271,092,000 | 275,319,000 | 214,095,000 | 201,121,000 | 165,438,000 | 128,960,000 | 134,759,000 | 170,188,000 | 115,725,000 | 174,013,000 |
marketable securities | 62,437,000 | 58,984,000 | 32,232,000 | 32,320,000 | 31,567,000 | 28,486,000 | 27,997,000 | 30,963,000 | 29,012,000 | 30,245,000 | |||||||||||||
total cash, cash equivalents, and marketable securities | 115,762,000 | 115,074,000 | 116,479,000 | 116,504,000 | |||||||||||||||||||
accounts receivable | 32,588,000 | 30,132,000 | 28,626,000 | 28,458,000 | 34,145,000 | 43,948,000 | 25,735,000 | 26,842,000 | 39,651,000 | 44,191,000 | 30,174,000 | 36,933,000 | 58,480,000 | 107,017,000 | 128,979,000 | 100,203,000 | 143,683,000 | 130,291,000 | 123,999,000 | 122,465,000 | 115,975,000 | 111,915,000 | 124,746,000 |
unbilled contracts receivable | 124,419,000 | 118,936,000 | 107,015,000 | 106,385,000 | 104,047,000 | 101,593,000 | 89,187,000 | 82,267,000 | 74,919,000 | 83,343,000 | 74,941,000 | 77,948,000 | 73,754,000 | 129,206,000 | 121,704,000 | 121,778,000 | 77,677,000 | 132,431,000 | 164,138,000 | 184,101,000 | |||
other current assets | 8,554,000 | 16,413,000 | 15,166,000 | 11,906,000 | 9,792,000 | 9,985,000 | 10,010,000 | 8,025,000 | 7,700,000 | 10,150,000 | 10,948,000 | 11,493,000 | 11,924,000 | 45,250,000 | 41,258,000 | 42,737,000 | 36,459,000 | 47,838,000 | 70,501,000 | 57,526,000 | 40,763,000 | 36,084,000 | 36,362,000 |
total current assets | 281,323,000 | 280,555,000 | 267,286,000 | 263,253,000 | 258,376,000 | 244,710,000 | 219,383,000 | 206,121,000 | 205,842,000 | 219,784,000 | 200,374,000 | 208,803,000 | 258,713,000 | 553,964,000 | 577,755,000 | 531,533,000 | 519,474,000 | 518,707,000 | 520,210,000 | 545,653,000 | 546,304,000 | 515,120,000 | 544,786,000 |
long-term unbilled contracts receivable | 43,472,000 | 44,531,000 | 47,933,000 | 52,460,000 | 62,767,000 | 62,880,000 | 63,943,000 | 65,100,000 | 73,843,000 | 65,531,000 | 64,986,000 | 64,124,000 | 40,705,000 | 44,715,000 | 43,021,000 | 43,112,000 | 4,107,000 | 4,653,000 | 6,152,000 | 8,016,000 | 6,761,000 | 15,083,000 | 20,582,000 |
property and equipment | 6,094,000 | 6,095,000 | 5,686,000 | 5,982,000 | 6,278,000 | 6,473,000 | 6,704,000 | 6,784,000 | 6,971,000 | 5,437,000 | 5,013,000 | 4,556,000 | 4,550,000 | 56,727,000 | 58,096,000 | 59,251,000 | 60,974,000 | 61,265,000 | 65,963,000 | 59,211,000 | 63,207,000 | 65,432,000 | 71,025,000 |
operating lease right-of-use assets | 7,887,000 | 8,461,000 | 8,738,000 | 9,025,000 | 9,322,000 | 8,817,000 | 9,121,000 | 9,425,000 | 9,484,000 | 4,564,000 | 5,048,000 | 5,524,000 | 5,993,000 | 62,691,000 | 62,149,000 | 65,513,000 | 68,498,000 | 70,858,000 | 75,520,000 | 75,429,000 | 80,226,000 | 84,230,000 | 89,136,000 |
intangible assets | 293,500,000 | 264,101,000 | 277,525,000 | 291,695,000 | 301,177,000 | 297,361,000 | 310,961,000 | 330,991,000 | 347,172,000 | 367,146,000 | 385,232,000 | 408,787,000 | 432,476,000 | 736,489,000 | 739,354,000 | 778,680,000 | 817,916,000 | 864,485,000 | 908,245,000 | 951,996,000 | 1,004,379,000 | 1,005,522,000 | 1,056,266,000 |
goodwill | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 313,660,000 | 564,215,000 | 850,100,000 | 850,100,000 | 851,088,000 | 851,088,000 | 851,088,000 | 847,029,000 | 847,029,000 | 846,913,000 | 846,913,000 |
other long-term assets | 56,454,000 | 30,547,000 | 37,847,000 | 37,699,000 | 33,940,000 | 28,873,000 | 31,086,000 | 30,900,000 | 28,246,000 | 40,026,000 | 38,561,000 | 37,851,000 | 40,750,000 | 141,926,000 | 150,826,000 | 150,641,000 | 147,965,000 | 153,486,000 | 149,616,000 | 147,578,000 | 153,270,000 | 136,395,000 | 123,899,000 |
total assets | 1,002,390,000 | 1,068,668,000 | 1,082,893,000 | 1,087,057,000 | 1,097,961,000 | 1,083,165,000 | 1,068,674,000 | 1,079,340,000 | 1,105,556,000 | 1,124,071,000 | 1,122,607,000 | 1,153,818,000 | 1,210,526,000 | 2,160,727,000 | 2,481,301,000 | 2,478,830,000 | 2,470,022,000 | 2,524,542,000 | 2,576,794,000 | 2,634,912,000 | 2,701,176,000 | 2,668,695,000 | 2,752,607,000 |
liabilities and equity | |||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||
accounts payable | 5,809,000 | 3,087,000 | 3,082,000 | 5,064,000 | 8,045,000 | 7,717,000 | 4,788,000 | 4,855,000 | 9,623,000 | 10,136,000 | 15,534,000 | 4,079,000 | 8,546,000 | 25,286,000 | 14,679,000 | 11,835,000 | 7,811,000 | 16,081,000 | 14,352,000 | 24,474,000 | 13,045,000 | 18,829,000 | 21,242,000 |
accrued liabilities | 21,095,000 | 21,487,000 | 19,171,000 | 12,058,000 | 22,727,000 | 16,237,000 | 13,434,000 | 11,894,000 | 17,342,000 | 18,509,000 | 14,089,000 | 29,427,000 | 26,335,000 | 125,921,000 | 116,007,000 | 99,540,000 | 103,515,000 | 108,934,000 | 90,846,000 | 83,447,000 | 129,035,000 | 98,762,000 | 105,368,000 |
current portion of long-term debt | 20,988,000 | 20,994,000 | 21,007,000 | 21,019,000 | 21,021,000 | 24,732,000 | 24,753,000 | 36,926,000 | 66,145,000 | 36,988,000 | 36,400,000 | 36,344,000 | 109,813,000 | 36,267,000 | 36,210,000 | 36,152,000 | 36,095,000 | 36,037,000 | 36,028,000 | 43,825,000 | 43,689,000 | 43,704,000 | 43,612,000 |
deferred revenue | 33,781,000 | 29,777,000 | 37,961,000 | 48,665,000 | 19,523,000 | 20,576,000 | 26,931,000 | 36,981,000 | 7,132,000 | 16,279,000 | 20,088,000 | 28,708,000 | 17,076,000 | 37,921,000 | 44,003,000 | 48,913,000 | 35,136,000 | 43,989,000 | 35,908,000 | 32,528,000 | 33,119,000 | 37,045,000 | 38,639,000 |
total current liabilities | 81,673,000 | 75,345,000 | 86,532,000 | 89,680,000 | 73,106,000 | 71,498,000 | 73,223,000 | 92,604,000 | 102,038,000 | 81,912,000 | 86,111,000 | 98,558,000 | 166,712,000 | 225,395,000 | 210,899,000 | 196,440,000 | 189,747,000 | 208,623,000 | 179,890,000 | 187,892,000 | 224,671,000 | 207,947,000 | 214,455,000 |
deferred revenue, less current portion | 52,201,000 | 52,516,000 | 55,942,000 | 60,280,000 | 64,555,000 | 24,474,000 | 15,113,000 | 16,535,000 | 17,672,000 | 11,161,000 | 9,113,000 | 9,884,000 | 10,683,000 | 30,897,000 | 32,153,000 | 34,128,000 | 37,107,000 | 28,601,000 | 29,285,000 | 37,880,000 | 39,775,000 | 23,400,000 | 22,624,000 |
long-term debt | 370,276,000 | 417,691,000 | 427,924,000 | 438,169,000 | 454,435,000 | 499,692,000 | 510,857,000 | 509,406,000 | 519,550,000 | 576,781,000 | 591,482,000 | 610,594,000 | 619,580,000 | 752,170,000 | 711,259,000 | 720,333,000 | 729,392,000 | 738,438,000 | 747,469,000 | 784,666,000 | 795,661,000 | 956,530,000 | 967,471,000 |
noncurrent operating lease liabilities | 8,530,000 | 8,919,000 | 8,923,000 | 9,206,000 | 9,480,000 | 9,180,000 | 9,412,000 | 9,693,000 | 9,730,000 | 3,072,000 | 3,655,000 | 4,229,000 | 4,794,000 | 47,089,000 | 48,452,000 | 51,930,000 | 54,658,000 | 57,124,000 | 61,279,000 | 61,467,000 | 66,243,000 | 69,463,000 | 73,474,000 |
long-term income tax payable | 7,620,000 | 85,921,000 | 85,342,000 | 85,017,000 | 84,585,000 | 82,422,000 | 81,846,000 | 82,167,000 | 81,834,000 | 89,248,000 | 88,768,000 | 87,917,000 | 87,302,000 | ||||||||||
other long-term liabilities | 15,523,000 | 14,554,000 | 15,314,000 | 15,235,000 | 15,229,000 | 17,684,000 | 19,087,000 | 18,984,000 | 18,110,000 | 18,072,000 | 20,457,000 | 20,022,000 | 20,043,000 | 99,881,000 | 104,086,000 | 102,267,000 | 98,842,000 | 101,421,000 | 100,160,000 | 100,336,000 | 98,953,000 | 95,637,000 | 96,240,000 |
total liabilities | 535,823,000 | 654,946,000 | 679,977,000 | 697,587,000 | 701,390,000 | 704,950,000 | 709,538,000 | 729,389,000 | 748,934,000 | 780,246,000 | 799,586,000 | 831,204,000 | 909,114,000 | 1,181,672,000 | 1,125,076,000 | 1,124,183,000 | 1,129,594,000 | 1,153,388,000 | 1,142,524,000 | 1,198,035,000 | 1,250,057,000 | 1,382,728,000 | 1,403,140,000 |
commitments and contingencies | |||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||
preferred stock: 0.001 par value... | |||||||||||||||||||||||
common stock: 0.001 par value... | 131,000 | 127,000 | 127,000 | 126,000 | 125,000 | 124,000 | 123,000 | 122,000 | 121,000 | 120,000 | 119,000 | 119,000 | 117,000 | 117,000 | 116,000 | 116,000 | 113,000 | 113,000 | 112,000 | 112,000 | 110,000 | 110,000 | 109,000 |
additional paid-in capital | 694,748,000 | 675,946,000 | 667,250,000 | 657,344,000 | 648,914,000 | 639,727,000 | 637,752,000 | 635,552,000 | 635,331,000 | 634,526,000 | 634,954,000 | 635,001,000 | 636,266,000 | 1,405,433,000 | 1,380,814,000 | 1,365,277,000 | 1,340,480,000 | 1,324,763,000 | 1,303,768,000 | 1,288,400,000 | 1,268,471,000 | 1,255,856,000 | 1,245,717,000 |
treasury stock | -337,565,000 | -286,243,000 | -285,018,000 | -277,269,000 | -255,301,000 | -234,057,000 | -231,599,000 | -230,226,000 | -222,497,000 | -221,727,000 | -218,714,000 | -217,783,000 | -211,223,000 | -210,607,000 | -206,757,000 | -206,350,000 | -178,022,000 | -152,453,000 | -120,542,000 | -109,577,000 | -77,218,000 | -55,920,000 | -17,572,000 |
accumulated other comprehensive income | -124,000 | 22,000 | 44,000 | 43,000 | -752,000 | -297,000 | 299,000 | 185,000 | 1,264,000 | 819,000 | 170,000 | ||||||||||||
retained earnings | 109,377,000 | 23,870,000 | 20,513,000 | 9,226,000 | 2,834,000 | -123,697,000 | -197,427,000 | 196,715,000 | 207,539,000 | 187,814,000 | 207,600,000 | 257,905,000 | 264,273,000 | 264,250,000 | 89,709,000 | 124,887,000 | |||||||
total stockholders’ equity | 466,567,000 | 413,722,000 | 402,916,000 | 389,470,000 | 396,571,000 | 378,215,000 | 359,136,000 | 349,951,000 | 356,622,000 | 343,825,000 | 323,021,000 | 322,614,000 | |||||||||||
total liabilities and equity | 1,002,390,000 | 1,068,668,000 | 1,082,893,000 | 1,087,057,000 | 1,097,961,000 | 1,083,165,000 | 1,068,674,000 | 1,079,340,000 | 1,105,556,000 | 1,124,071,000 | 1,122,607,000 | 1,153,818,000 | 1,210,526,000 | 2,160,727,000 | 2,481,301,000 | 2,478,830,000 | 2,470,022,000 | 2,524,542,000 | 2,576,794,000 | 2,634,912,000 | 2,701,176,000 | 2,668,695,000 | 2,752,607,000 |
long-term income tax receivable | 120,718,000 | 124,218,000 | 113,283,000 | 112,441,000 | 120,391,000 | 113,816,000 | 116,359,000 | 120,338,000 | 107,923,000 | 109,733,000 | 110,513,000 | 113,679,000 | |||||||||||
accrued legal fees | 5,311,000 | 2,874,000 | 1,790,000 | 2,236,000 | 3,317,000 | 1,948,000 | 1,796,000 | 4,942,000 | 7,190,000 | 3,582,000 | 2,756,000 | 3,618,000 | 5,783,000 | 9,607,000 | 5,594,000 | ||||||||
accumulated other comprehensive loss | -1,000 | 151,000 | -96,000 | -71,000 | -8,000 | -69,000 | -81,000 | -47,000 | -51,000 | -5,129,000 | -3,648,000 | -1,766,000 | |||||||||||
accumulated deficit | -27,730,000 | -47,044,000 | -55,426,000 | -56,325,000 | -69,025,000 | -93,257,000 | -94,676,000 | ||||||||||||||||
available-for-sale debt securities | 23,841,000 | 1,399,000 | 10,495,000 | 52,720,000 | 60,534,000 | 71,863,000 | 70,201,000 | 102,145,000 | |||||||||||||||
current assets of discontinued operations | |||||||||||||||||||||||
long-term assets of discontinued operations | |||||||||||||||||||||||
current liabilities of discontinued operations | |||||||||||||||||||||||
long-term deferred tax liabilities | 26,240,000 | 18,227,000 | 19,085,000 | 19,848,000 | 19,181,000 | 24,441,000 | 25,794,000 | 24,754,000 | 29,751,000 | 28,876,000 | |||||||||||||
long-term liabilities of discontinued operations | |||||||||||||||||||||||
company stockholders’ equity: | |||||||||||||||||||||||
total company stockholders’ equity | 301,412,000 | 992,387,000 | 1,367,240,000 | 1,364,816,000 | 1,349,633,000 | 1,379,726,000 | 1,441,542,000 | 1,443,393,000 | 1,456,877,000 | 1,290,574,000 | 1,353,311,000 | ||||||||||||
noncontrolling interest | -13,332,000 | -11,015,000 | -10,169,000 | -9,205,000 | -8,572,000 | -7,272,000 | -6,516,000 | -5,758,000 | -4,607,000 | -3,844,000 | |||||||||||||
total equity | 301,412,000 | 979,055,000 | 1,356,225,000 | 1,354,647,000 | 1,340,428,000 | 1,371,154,000 | 1,434,270,000 | 1,436,877,000 | 1,451,119,000 | 1,285,967,000 | 1,349,467,000 | ||||||||||||
unbilled contracts receivable, net of allowance for credit losses of 2,564 and 2,231, respectively | 103,277,000 | ||||||||||||||||||||||
unbilled contracts receivable, net of allowance for credit losses of 3,274 and 2,231, respectively | 126,549,000 | ||||||||||||||||||||||
unbilled contracts receivable, net of allowance for credit losses of 2,884 and 2,231, respectively | 128,758,000 | ||||||||||||||||||||||
available-for-sale debt securities, at fair value | 86,947,000 | 87,258,000 | 25,564,000 | ||||||||||||||||||||
equity securities |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||
net income | 22,773,000 | 8,828,000 | 16,722,000 | 11,814,000 | 36,028,000 | 19,314,000 | 8,382,000 | 899,000 | 12,700,000 | 24,232,000 | 1,419,000 | 29,021,000 | -6,472,000 | 23,975,000 | -1,873,000 | 4,526,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||
depreciation of property and equipment | 492,000 | 520,000 | 388,000 | 382,000 | 385,000 | 384,000 | 385,000 | 5,388,000 | 5,505,000 | 5,866,000 | 5,807,000 | 6,796,000 | 5,514,000 | 5,684,000 | 6,103,000 | 6,753,000 | ||||||
amortization of intangible assets | 15,931,000 | 14,175,000 | 14,170,000 | 14,082,000 | 13,934,000 | 13,600,000 | 20,030,000 | 23,157,000 | 23,010,000 | 23,386,000 | 23,650,000 | 23,689,000 | 23,950,000 | 40,808,000 | 39,166,000 | 39,319,000 | 46,576,000 | 52,388,000 | 52,242,000 | 52,195,000 | 51,379,000 | 50,894,000 |
stock-based compensation expense | 8,756,000 | 8,683,000 | 8,700,000 | 8,244,000 | 7,485,000 | 7,419,000 | 6,592,000 | 5,145,000 | 4,987,000 | 4,874,000 | 4,556,000 | 3,640,000 | 3,343,000 | 16,999,000 | 15,480,000 | 16,804,000 | 15,714,000 | 14,414,000 | 14,835,000 | 13,219,000 | 12,521,000 | 10,158,000 |
deferred income taxes | -2,154,000 | 7,173,000 | -874,000 | -4,043,000 | 1,778,000 | -548,000 | -3,048,000 | -1,499,000 | -872,000 | 2,373,000 | -120,000 | -730,000 | -911,000 | -5,296,000 | -2,462,000 | 666,000 | 775,000 | |||||
amortization of debt issuance costs | 899,000 | 843,000 | 831,000 | 821,000 | 1,046,000 | 828,000 | 839,000 | 762,000 | 1,051,000 | 1,012,000 | 1,069,000 | 1,170,000 | ||||||||||
other | -42,000 | -104,000 | -114,000 | -116,000 | -152,000 | -149,000 | -974,000 | -298,000 | -359,000 | -386,000 | -107,000 | 600,000 | 837,000 | 1,164,000 | 1,164,000 | 1,984,000 | -2,986,000 | 185,000 | 5,072,000 | 3,217,000 | 10,865,000 | 3,860,000 |
changes in operating assets and liabilities: | ||||||||||||||||||||||
accounts receivable | -3,957,000 | -1,506,000 | -168,000 | 5,689,000 | 9,803,000 | -18,213,000 | 1,854,000 | 12,812,000 | 4,540,000 | -13,980,000 | 6,757,000 | 20,951,000 | -15,183,000 | 25,255,000 | -28,878,000 | 43,698,000 | -13,288,000 | -5,067,000 | -1,628,000 | -7,632,000 | -7,891,000 | 11,676,000 |
unbilled contracts receivable | 11,437,000 | -8,519,000 | 3,897,000 | 7,969,000 | -2,341,000 | -11,343,000 | -5,763,000 | 1,395,000 | 112,000 | -8,948,000 | 2,145,000 | -27,612,000 | 2,963,000 | -6,869,000 | 228,000 | -82,995,000 | 27,788,000 | 24,730,000 | 3,683,000 | 2,295,000 | 38,388,000 | 25,229,000 |
other assets | 641,000 | 2,657,000 | -13,182,000 | -2,375,000 | 7,895,000 | -5,812,000 | 1,224,000 | 4,107,000 | -14,495,000 | 3,125,000 | 2,276,000 | 4,592,000 | -10,507,000 | 8,555,000 | 7,515,000 | -8,806,000 | 11,453,000 | 20,140,000 | -13,399,000 | -10,697,000 | -20,155,000 | -12,118,000 |
accounts payable | 443,000 | -87,000 | -1,982,000 | -2,216,000 | -202,000 | 2,694,000 | -56,000 | -2,808,000 | -1,159,000 | -6,722,000 | 11,455,000 | -4,468,000 | 1,995,000 | 9,738,000 | 2,844,000 | 4,024,000 | -8,270,000 | 1,729,000 | -10,122,000 | 11,429,000 | -5,784,000 | -2,413,000 |
accrued and other liabilities | -13,012,000 | -3,180,000 | 9,671,000 | -8,106,000 | 4,737,000 | 663,000 | 2,410,000 | -4,126,000 | -89,000 | 1,932,000 | -14,626,000 | -1,821,000 | -6,122,000 | -1,832,000 | 11,823,000 | -7,483,000 | -4,496,000 | 20,682,000 | 1,591,000 | -45,687,000 | 28,163,000 | -1,272,000 |
deferred revenue | 16,281,000 | -11,610,000 | -15,042,000 | 24,867,000 | 34,028,000 | 3,006,000 | -11,472,000 | 28,712,000 | -2,636,000 | -6,161,000 | -9,391,000 | 10,833,000 | 4,130,000 | -8,258,000 | -6,885,000 | 10,798,000 | -347,000 | 7,397,000 | -5,215,000 | -2,486,000 | 12,449,000 | -818,000 |
net cash from operating activities | 58,488,000 | 17,832,000 | 23,117,000 | 57,139,000 | 107,460,000 | 14,311,000 | 23,461,000 | 67,229,000 | 39,440,000 | 21,247,000 | 28,716,000 | 63,352,000 | 40,981,000 | 55,009,000 | 40,760,000 | 46,273,000 | 68,876,000 | 82,934,000 | 56,250,000 | 26,729,000 | 298,170,000 | 62,191,000 |
capital expenditures | -434,000 | -796,000 | -192,000 | -767,000 | -60,000 | -421,000 | -782,000 | -1,830,000 | -929,000 | -1,155,000 | -390,000 | 0 | -3,706,000 | -4,581,000 | -4,289,000 | -5,652,000 | -3,440,000 | -3,086,000 | -1,772,000 | -4,404,000 | -1,083,000 | |
free cash flows | 58,054,000 | 17,036,000 | 22,925,000 | 106,693,000 | 14,251,000 | 23,040,000 | 66,447,000 | 37,610,000 | 20,318,000 | 27,561,000 | 62,962,000 | 40,981,000 | 51,303,000 | 36,179,000 | 41,984,000 | 63,224,000 | 79,494,000 | 53,164,000 | 24,957,000 | 293,766,000 | 61,108,000 | |
cash flows from investing activities: | ||||||||||||||||||||||
purchases of property and equipment | -434,000 | -796,000 | -192,000 | -228,000 | -547,000 | -60,000 | -421,000 | -793,000 | -1,876,000 | -391,000 | -1,155,000 | -390,000 | 0 | -3,706,000 | -4,581,000 | -4,289,000 | -5,652,000 | -3,440,000 | -3,086,000 | -1,772,000 | -4,404,000 | -1,083,000 |
purchases of intangible assets | -5,475,000 | -750,000 | 0 | -5,350,000 | -12,000,000 | 0 | 0 | -8,476,000 | -2,436,000 | 0 | 0 | -57,000 | -53,000 | -180,000 | -67,000 | -27,000 | -56,000 | -36,000 | -50,243,000 | -173,000 | ||
purchases of short-term investments | -9,029,000 | -33,267,000 | -5,795,000 | -7,194,000 | -8,081,000 | -6,393,000 | -7,532,000 | -11,169,000 | -9,247,000 | -9,832,000 | 0 | 0 | 0 | -4,490,000 | -1,897,000 | -19,691,000 | -3,250,000 | -42,505,000 | -9,085,000 | |||
proceeds from maturities of investments | 10,050,000 | 5,600,000 | 6,000,000 | 6,600,000 | 6,300,000 | 10,700,000 | 9,450,000 | 9,123,000 | 16,030,000 | 10,023,000 | 15,886,000 | 7,550,000 | 10,000,000 | 6,181,000 | ||||||||
net cash from investing activities | -4,888,000 | -28,217,000 | 13,000 | -6,172,000 | -15,628,000 | -153,000 | 2,747,000 | -10,988,000 | -2,659,000 | -6,423,000 | -25,016,000 | -390,000 | 1,400,000 | -45,113,000 | 37,736,000 | 3,064,000 | 5,354,000 | -5,345,000 | 11,172,000 | -17,387,000 | -54,696,000 | -63,187,000 |
cash flows from financing activities: | ||||||||||||||||||||||
payment of dividends | -5,535,000 | -5,471,000 | -5,435,000 | -5,422,000 | ||||||||||||||||||
principal payments on debt agreements | -28,089,000 | -11,089,000 | -11,089,000 | -17,089,000 | ||||||||||||||||||
proceeds from employee stock purchase program and exercise of stock options | 13,000 | 1,206,000 | 186,000 | 1,700,000 | 8,000 | 1,042,000 | 497,000 | 1,179,000 | 42,000 | 719,000 | 411,000 | 8,000 | 6,193,000 | 59,000 | 8,000,000 | 0 | 6,592,000 | 532,000 | 6,715,000 | |||
repurchases of common stock for tax withholdings on equity awards | -29,781,000 | -1,225,000 | -7,749,000 | -11,957,000 | -1,221,000 | -2,458,000 | -1,373,000 | -7,729,000 | -770,000 | -3,013,000 | -931,000 | -6,560,000 | ||||||||||
repurchases of common stock | -10,006,000 | 0 | 0 | -11,326,000 | -616,000 | -3,850,000 | -407,000 | -28,328,000 | -25,569,000 | -31,911,000 | -10,965,000 | -32,359,000 | ||||||||||
net cash from financing activities | -73,411,000 | -17,772,000 | -23,067,000 | -45,608,000 | -73,705,000 | -19,914,000 | -17,778,000 | -52,777,000 | -34,076,000 | -23,439,000 | -25,659,000 | -95,088,000 | -198,918,000 | -12,995,000 | -15,673,000 | -35,671,000 | -38,331,000 | -40,730,000 | -73,151,000 | -44,033,000 | -189,583,000 | -57,956,000 |
net increase in cash and cash equivalents | -19,811,000 | -28,157,000 | 63,000 | 5,359,000 | 18,127,000 | -5,756,000 | 8,430,000 | 3,464,000 | 2,705,000 | -8,615,000 | -21,959,000 | -32,126,000 | -156,537,000 | -4,227,000 | 61,224,000 | 12,974,000 | 35,683,000 | 36,478,000 | -5,799,000 | -35,429,000 | 54,463,000 | -58,288,000 |
cash and cash equivalents at beginning of period | 73,136,000 | 0 | 0 | 78,825,000 | 0 | 0 | 0 | 54,560,000 | 0 | 0 | 0 | 114,555,000 | 0 | 0 | 0 | 201,121,000 | 0 | 0 | 0 | 170,188,000 | 0 | 0 |
cash and cash equivalents at end of period | 53,325,000 | -28,157,000 | 63,000 | 84,184,000 | 18,127,000 | -5,756,000 | 8,430,000 | 58,024,000 | 2,705,000 | -8,615,000 | -21,959,000 | 82,429,000 | -156,537,000 | -4,227,000 | 61,224,000 | 214,095,000 | 35,683,000 | 36,478,000 | -5,799,000 | 134,759,000 | 54,463,000 | -58,288,000 |
supplemental disclosure of cash flow information: | ||||||||||||||||||||||
interest paid | 6,555,000 | 8,013,000 | 8,108,000 | 9,614,000 | 10,550,000 | 11,751,000 | 11,369,000 | 13,101,000 | 14,253,000 | 14,498,000 | 14,318,000 | 14,691,000 | 13,708,000 | 11,207,000 | 8,402,000 | 7,188,000 | 7,333,000 | 7,353,000 | 8,662,000 | 9,015,000 | 10,868,000 | 14,565,000 |
income taxes paid, net of refunds | 4,354,000 | 784,000 | 5,000,000 | 8,599,000 | 4,800,000 | 1,710,000 | 1,460,000 | 4,524,000 | 6,887,000 | 591,000 | 1,993,000 | 847,000 | 2,393,000 | 8,989,000 | 10,066,000 | 3,334,000 | 8,714,000 | 7,242,000 | 8,988,000 | 5,921,000 | 12,419,000 | 16,924,000 |
depreciation | 479,000 | 488,000 | 509,000 | 526,000 | ||||||||||||||||||
loss on debt extinguishment | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||
proceeds from sales of investments | 0 | 26,254,000 | 2,000,000 | 1,927,000 | 27,400,000 | 16,921,000 | 0 | |||||||||||||||
unpaid purchases of property and equipment at the end of the period | -220,000 | 11,000 | 46,000 | -538,000 | ||||||||||||||||||
goodwill impairment | 0 | |||||||||||||||||||||
deferred income tax | ||||||||||||||||||||||
proceeds from sale of property and equipment | 0 | 0 | 0 | 0 | 14,000 | 5,000 | ||||||||||||||||
net cash paid for mergers and acquisitions | ||||||||||||||||||||||
proceeds from sales of short-term investments | ||||||||||||||||||||||
proceeds from maturities of short-term investments | ||||||||||||||||||||||
payments of dividends | ||||||||||||||||||||||
distribution of xperi inc. | ||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 0 | -1,128,000 | -1,599,000 | -692,000 | -216,000 | -381,000 | -70,000 | -738,000 | 572,000 | 664,000 | ||||||||||||
unpaid purchases of intangible assets at the end of the period | 600,000 | |||||||||||||||||||||
non-cash acquisition of intangible assets | ||||||||||||||||||||||
dividends paid | -5,450,000 | -5,433,000 | -5,420,000 | -5,360,000 | -5,343,000 | -5,322,000 | -5,314,000 | -5,257,000 | -5,213,000 | -5,200,000 | -5,218,000 | -5,227,000 | -5,238,000 | |||||||||
repayment of debt | -12,014,000 | -12,014,000 | -40,125,000 | -29,125,000 | -15,125,000 | -20,125,000 | -83,625,000 | -10,125,000 | -10,125,000 | -10,125,000 | -10,125,000 | -10,125,000 | -10,173,000 | -50,625,000 | -13,125,000 | -163,125,000 | -13,125,000 | |||||
patent assets received in lieu of cash | 0 | |||||||||||||||||||||
debt refinancing costs | 2,590,000 | |||||||||||||||||||||
debt acquired in a business acquisition | 0 | |||||||||||||||||||||
cash paid for acquisitions, net of cash acquired | ||||||||||||||||||||||
intangible assets acquired during the period | ||||||||||||||||||||||
net cash received for mergers and acquisitions | 0 | 0 | ||||||||||||||||||||
repayment of assumed debt from merger transaction | 0 | 0 | ||||||||||||||||||||
proceeds from debt | 0 | -1,057,000 | ||||||||||||||||||||
stock issued in merger transaction | 0 | 0 | ||||||||||||||||||||
net loss | -30,533,000 | |||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||
net cash paid for acquisitions | ||||||||||||||||||||||
proceeds from debt, net of debt discount and issuance costs | ||||||||||||||||||||||
contingent consideration payments after acquisition | ||||||||||||||||||||||
dividend paid | -5,264,000 | -5,250,000 | -5,426,000 | |||||||||||||||||||
changes in operating assets and liabilities, net of business acquisitions: | ||||||||||||||||||||||
proceeds from exercise of stock options | 89,000 | 1,000 | ||||||||||||||||||||
proceeds from employee stock purchase program | 1,000 | -1,000 | ||||||||||||||||||||
cash acquired in merger transaction | 0 | |||||||||||||||||||||
repurchase of common stock | -38,348,000 |
