Xperi Inc 8-K, filed Nov 4, 2026
Xperi Inc. (XPER)
About this 8-K
Xperi Inc filed this 8-K on November 4, 2026, reporting on events of October 30, 2026.
Xperi Inc. narrowed 2026 revenue outlook to $450M to $462M, raised adjusted EBITDA margin to 19% to 21% and cash flow to $20M to $30M, and reported advertising and related revenue growth of approximately 280%. CFO Robert Andersen's 2027 retirement. AI summary
Items reported
- Item 2.02: Financial results
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On November 4, 2026, Xperi Inc. (the “Company”) announced its financial results for the third quarter ended September 30, 2026. A copy of the Company’s press release announcing these financial results and other information regarding its financial condition is furnished as Exhibit 99.1 to this Form 8-K.
The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 4, 2026, the Company disclosed the plan to transition the Chief Financial Officer role. Robert Andersen, the Company’s Chief Financial Officer, will continue to serve through the commencement of employment of his successor, which is expected to occur in 2027. The transition does not involve any disagreement with the Company regarding its operations, policies or practices.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 4, 2026 |
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Xperi Inc. |
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By: |
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/s/ Robert Andersen |
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Name: |
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Robert Andersen |
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Title: |
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Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE |
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Xperi Inc. Announces Third Quarter 2026 Results
Accelerating Growth in Advertising and Related Revenue Drove Media Platform Revenue
to Double Year-Over-Year
TiVo One Monthly Active Users Grew to 6.8 Million – a Year-Over-Year Increase of 40%
MediaMarktSaturn, Europe’s Largest Consumer Electronics Retailer, Selected TiVo OS as the Operating System Partner for its Private-Label TV Brand PEAQ
Company Narrows Annual Revenue Outlook and Raises Adjusted EBITDA Margin and Operating Cash Flow Outlook
Robert Andersen, CFO, Will Retire from Xperi in 2027 as Part of a Planned Transition
San Jose, Calif. (November 4, 2026) – Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), a media and entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced third quarter 2026 financial results for the period ended September 30, 2026.
“As expected, our success in building our TiVo One footprint has begun to drive substantial growth in advertising and related revenue. The selection of TiVo’s Operating System by MediaMarktSaturn, the largest electronics retailer across Europe with more than 1,000 stores, demonstrates the benefit of our independent media platform solution, the strength of our retail media product offerings, and our unique competitive position in the market. Given the strong strategic execution year-to-date, we are pleased to raise our full-year outlook range for adjusted EBITDA margin and operating cash flow,” said Jon Kirchner, chief executive officer of Xperi. “Additionally, today we are announcing that our CFO, Robert Andersen, will retire from Xperi as part of a planned transition. Robert will continue in his current role until his successor is on board. On behalf of the Board of Directors and all team members at Xperi, I would like to thank Robert for his many years of dedicated leadership at the Company.”
Financial Highlights
GAAP ($ millions, except per share data) |
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Q3 FY26 |
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Q3 FY25 |
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Revenue |
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$ |
114.0 |
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$ |
111.6 |
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GAAP operating income (loss) |
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$ |
1.8 |
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$ |
(1.4 |
) |
GAAP net loss |
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$ |
(5.2 |
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$ |
(6.1 |
) |
GAAP diluted net loss per share |
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$ |
(0.11 |
) |
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$ |
(0.13 |
) |
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Non-GAAP* ($ millions, except per share data) |
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Q3 FY26 |
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Q3 FY25 |
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Revenue |
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$ |
114.0 |
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$ |
111.6 |
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Non-GAAP operating income |
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$ |
17.7 |
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$ |
17.5 |
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Non-GAAP net income |
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$ |
11.7 |
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$ |
12.8 |
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Non-GAAP diluted earnings per share |
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$ |
0.24 |
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$ |
0.28 |
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Non-GAAP adjusted EBITDA |
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$ |
23.0 |
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$ |
23.1 |
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Non-GAAP adjusted EBITDA Margin |
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20.2 |
% |
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20.7 |
% |
* For further information on supplemental non-GAAP metrics included in this press release, refer to the “Non-GAAP Financial Measures” description and “GAAP to Non-GAAP Reconciliations” provided in the financial statement tables.
Recent Key Operating Achievements
Media Platform
Expanded footprint, product enhancements, and growing advertising partnerships continue to accelerate advertising and related revenue
1
Connected Car
Continued growth in AutoStage platform footprint and new automotive OEM programs are contributing to advertising and related revenue
Pay TV
Continued revenue growth in video-over-broadband, along with key design wins, demonstrates partner commitment to the TiVo platform
Consumer Electronics
Continued to secure long-term renewal commitments to our technologies
Financial Outlook
The Company has narrowed its 2026 revenue outlook and raised its outlook for both adjusted EBITDA margin and operating cash flow as follows:
2
Category |
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Updated Outlook |
Prior Outlook |
Revenue |
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$450M to $462M |
$440M to $470M |
Adjusted EBITDA Margin1,2 |
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19% to 21% |
17% to 19% |
Operating Cash Flow |
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$20M to $30M |
$15M to $25M |
Capital Expenditures3 |
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~$25M |
~$25M |
Non-GAAP Tax Expense2 |
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~$20M |
~$20M |
Basic and Fully Diluted Share Count |
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48M to 49M |
48M to 49M |
Stock-based Compensation |
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~$29M |
~$29M |
1 See discussion of “Non-GAAP Financial Measures” below.
2 With respect to Adjusted EBITDA Margin and Non-GAAP Tax Expense, the Company has determined that it is unable to provide a quantitative reconciliation of these forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company's control.
3 Capital Expenditures is defined as the sum of two items from the Consolidated Statements of Cash Flows: Capitalized Internal-Use Software and Purchases of Property and Equipment.
Conference Call Information
The Company will hold its third quarter 2026 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, November 4, 2026. To access the call toll-free, North America please dial 1-833-461-5787, otherwise for International dial 1-585-542-9983. The conference ID is 134945759. All participants should dial 15 minutes prior to the start of the call using the conference ID listed above. Alternatively, the call can be accessed via the following webcast link: Q3 2026 Earnings Call Webcast.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations for our future results of operations and financial position, and overall growth, including, without limitation, revenue, footprint and Adjusted EBITDA Margin growth, improved operating cash flow and profitability, long-term shareholder value, objectives for future operations, expected capital expenditures and stock-based compensation, ongoing strategies and operating initiatives, including, without limitation, expectations regarding TiVo One platform growth and certain investments, and the planned transition of the Chief Financial Officer role. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” “goal,” and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025, as updated in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 to be filed with the Securities and Exchange Commission (the “SEC”), and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
About Xperi Inc.
Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS®, HD Radio™, TiVo®) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX®Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers.
©2026 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners.
3
Definition for TiVo One Monthly Active User
Xperi defines a “TiVo One Monthly Active User” as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device’s operating system on certain “Powered by TiVo” devices, including smart TVs and video-over-broadband products.
Calculation of Average Revenue Per User for TiVo One
Average Revenue Per User (ARPU) for TiVo One is calculated by dividing advertising and related revenue (excluding automotive-related revenue) for the trailing four quarters by the average number of TiVo One Monthly Active Users during that same period. This metric helps investors and management measure how effectively the Company monetizes its media platform through advertising and data.
Non-GAAP Financial Measures
In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss), Non-GAAP Net Income/(Loss) Per Share, Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted EBITDA Margin, Free Cash Flow, and Non-GAAP Tax Expense.
Non-GAAP Operating Income/(Loss) is defined as GAAP Operating Income/(Loss), less the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.
Non-GAAP Net Income/(Loss) is defined as GAAP Net Income/(Loss) excluding the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance; and related tax effects for each adjustment.
Non-GAAP Net Income/(Loss) Per Share is defined as Non-GAAP Net Income/(Loss) divided by Non-GAAP weighted average shares outstanding - diluted.
Non-GAAP Adjusted EBITDA is defined as GAAP Net Income/(Loss), less the impact of interest expense; provision for income taxes; stock-based compensation; depreciation expense; amortization of intangible assets; amortization of capitalized cloud computing costs; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.
Non-GAAP Adjusted EBITDA Margin is defined as Non-GAAP Adjusted EBITDA divided by total revenue.
Free Cash Flow is defined as net cash from operating activities, less cash investments for capitalized internal-use software and purchases of property and equipment.
Non-GAAP Tax Expense is defined as the GAAP provision for income taxes, adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments.
Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company’s ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis.
Set forth below are reconciliations of the Company’s reported GAAP to non-GAAP financial measures.
4
Xperi Investor Contact:
Idalia Rodriguez
Arbor Advisory Group
+1 203-293-3325
ir@xperi.com
Media Contact:
Tom Huntington
+1 619-743-9057
thomas.huntington@xperi.com
– Tables Follow –
SOURCE: XPERI INC.
XPER-E
# # #
5
XPERI INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue: |
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Licensing and other revenue |
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$ |
99,028 |
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$ |
107,715 |
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$ |
305,385 |
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$ |
311,944 |
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Advertising and related revenue |
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14,925 |
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3,917 |
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37,266 |
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19,654 |
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Total revenue |
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113,953 |
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111,632 |
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342,651 |
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331,598 |
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Operating expenses: |
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Cost of licensing and other revenue, excluding depreciation and amortization of intangible assets |
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25,190 |
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23,744 |
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67,186 |
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70,811 |
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Cost of advertising and related revenue, excluding depreciation and amortization of intangible assets |
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10,306 |
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5,334 |
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35,260 |
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21,415 |
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Research and development |
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23,486 |
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29,923 |
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72,375 |
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99,255 |
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Selling, general and administrative |
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41,654 |
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42,536 |
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125,101 |
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132,376 |
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Depreciation expense |
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3,680 |
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3,470 |
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11,892 |
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9,823 |
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Amortization expense |
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7,874 |
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7,987 |
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24,010 |
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26,853 |
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Total operating expenses |
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112,190 |
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112,994 |
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335,824 |
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360,533 |
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Income (loss) from operations |
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1,763 |
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(1,362 |
) |
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6,827 |
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(28,935 |
) |
Interest and other income, net |
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1,073 |
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821 |
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2,989 |
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4,863 |
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Interest expense - debt |
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(694 |
) |
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(761 |
) |
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(2,056 |
) |
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(2,252 |
) |
Income (loss) before taxes |
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2,142 |
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(1,302 |
) |
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7,760 |
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(26,324 |
) |
Provision for income taxes |
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7,383 |
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4,805 |
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22,327 |
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12,930 |
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Net loss |
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$ |
(5,241 |
) |
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$ |
(6,107 |
) |
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$ |
(14,567 |
) |
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$ |
(39,254 |
) |
Net loss per share - basic and diluted |
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$ |
(0.11 |
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$ |
(0.13 |
) |
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$ |
(0.30 |
) |
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$ |
(0.86 |
) |
Weighted-average number of shares used in computing net loss per share - basic and diluted |
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48,781 |
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46,276 |
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48,190 |
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45,637 |
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6
XPERI INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
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September 30, 2026 |
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December 31, 2025 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
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$ |
87,026 |
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$ |
96,824 |
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Accounts receivable, net |
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62,191 |
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56,838 |
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Unbilled contracts receivable, net |
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103,559 |
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78,320 |
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Prepaid expenses and other current assets |
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26,911 |
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23,631 |
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Note receivable |
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12,135 |
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— |
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Deferred consideration from divestiture |
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— |
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11,880 |
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Total current assets |
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291,822 |
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267,493 |
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Note receivable, noncurrent |
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21,450 |
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31,928 |
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Deferred consideration from divestiture, noncurrent |
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9,064 |
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8,015 |
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Unbilled contracts receivable, noncurrent |
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78,989 |
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67,417 |
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Property and equipment, net |
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59,730 |
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51,926 |
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Operating lease right-of-use assets |
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20,578 |
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27,557 |
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Intangible assets, net |
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105,298 |
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128,882 |
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Goodwill |
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3,329 |
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— |
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Deferred tax assets |
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6,275 |
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|
5,281 |
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Other noncurrent assets |
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28,314 |
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|
27,330 |
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Total assets |
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$ |
624,849 |
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$ |
615,829 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Accounts payable |
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$ |
13,654 |
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$ |
12,352 |
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Accrued liabilities |
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96,235 |
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82,160 |
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Deferred revenue |
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12,638 |
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16,137 |
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Total current liabilities |
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122,527 |
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110,649 |
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Long-term debt |
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40,000 |
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40,000 |
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Deferred revenue, noncurrent |
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10,148 |
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|
15,072 |
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Operating lease liabilities, noncurrent |
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|
16,065 |
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|
21,487 |
|
Deferred tax liabilities |
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|
1,428 |
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|
1,428 |
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Other noncurrent liabilities |
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|
18,079 |
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|
13,118 |
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Total liabilities |
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208,247 |
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|
201,754 |
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Stockholders' equity: |
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Common stock |
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49 |
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47 |
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Additional paid-in capital |
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1,333,438 |
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1,314,249 |
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Accumulated other comprehensive loss |
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(6,535 |
) |
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(4,438 |
) |
Accumulated deficit |
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(910,350 |
) |
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(895,783 |
) |
Total stockholders' equity |
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416,602 |
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|
|
414,075 |
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|
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$ |
624,849 |
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$ |
615,829 |
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7
XPERI INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
|
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Nine Months Ended September 30, |
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2026 |
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2025 |
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Cash flows from operating activities: |
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Net loss |
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$ |
(14,567 |
) |
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$ |
(39,254 |
) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
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Amortization of intangible assets |
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24,010 |
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26,853 |
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Stock-based compensation expense |
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21,680 |
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|
32,069 |
|
Depreciation of property and equipment |
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|
11,892 |
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|
|
9,823 |
|
Accrued interest income from note receivable |
|
|
(1,656 |
) |
|
|
(1,760 |
) |
Accretion of discount from deferred consideration from divestitures |
|
|
(1,169 |
) |
|
|
(1,238 |
) |
Deferred income taxes |
|
|
(994 |
) |
|
|
(597 |
) |
Other |
|
|
1,255 |
|
|
|
2,298 |
|
Changes in operating assets and liabilities: |
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|
|
|
|
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Accounts receivable |
|
|
(5,799 |
) |
|
|
1,445 |
|
Unbilled contracts receivable |
|
|
(36,811 |
) |
|
|
(12,408 |
) |
Prepaid expenses and other assets |
|
|
(3,877 |
) |
|
|
896 |
|
Accounts payable |
|
|
451 |
|
|
|
(1,475 |
) |
Accrued and other liabilities |
|
|
14,642 |
|
|
|
(10,730 |
) |
Deferred revenue |
|
|
(8,423 |
) |
|
|
(10,537 |
) |
Net cash provided by (used in) operating activities |
|
|
634 |
|
|
|
(4,615 |
) |
Cash flows from investing activities: |
|
|
|
|
|
|
||
Capitalized internal-use software |
|
|
(16,781 |
) |
|
|
(12,161 |
) |
Purchases of property and equipment |
|
|
(2,422 |
) |
|
|
(2,439 |
) |
Purchases of intangible assets |
|
|
(42 |
) |
|
|
(7 |
) |
Net cash used in investing activities |
|
|
(19,245 |
) |
|
|
(14,607 |
) |
Cash flows from financing activities: |
|
|
|
|
|
|
||
Proceeds from settlement of holdback consideration from divestiture |
|
|
11,302 |
|
|
|
— |
|
Proceeds from issuance of common stock under employee stock purchase plan |
|
|
2,132 |
|
|
|
3,315 |
|
Proceeds from long-term debt |
|
|
— |
|
|
|
40,000 |
|
Withholding taxes related to net share settlement of equity awards |
|
|
(4,621 |
) |
|
|
(6,624 |
) |
Repayment of short-term debt |
|
|
— |
|
|
|
(50,000 |
) |
Payment of debt issuance costs |
|
|
— |
|
|
|
(1,249 |
) |
Net cash provided by (used in) financing activities |
|
|
8,813 |
|
|
|
(14,558 |
) |
Net decrease in cash and cash equivalents |
|
|
(9,798 |
) |
|
|
(33,780 |
) |
Cash and cash equivalents at beginning of period |
|
|
96,824 |
|
|
|
130,564 |
|
Cash and cash equivalents at end of period |
|
$ |
87,026 |
|
|
$ |
96,784 |
|
8
XPERI INC.
GAAP TO NON-GAAP RECONCILIATIONS
(in thousands, except per share amounts)
(unaudited)
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
Reconciliation of GAAP net loss: |
|
|
|
|
|
|
||
GAAP net loss |
|
$ |
(5,241 |
) |
|
$ |
(6,107 |
) |
Adjustments to GAAP net loss: |
|
|
|
|
|
|
||
Stock-based compensation(1) |
|
|
7,014 |
|
|
|
9,640 |
|
Amortization of intangible assets |
|
|
7,874 |
|
|
|
7,987 |
|
Transaction, integration and restructuring related costs: |
|
|
|
|
|
|
||
Transaction, integration and restructuring costs(2) |
|
|
64 |
|
|
|
233 |
|
Severance and retention(3) |
|
|
1,009 |
|
|
|
1,006 |
|
Income tax adjustment(4) |
|
|
998 |
|
|
|
31 |
|
Non-GAAP net income |
|
$ |
11,718 |
|
|
$ |
12,790 |
|
|
|
|
|
|
|
|
||
(1) Stock-based compensation included in above line items: |
|
|
|
|
|
|
||
Cost of licensing and other revenue, excluding depreciation and amortization of intangible assets |
|
$ |
339 |
|
|
$ |
691 |
|
Cost of advertising and related revenue, excluding depreciation and amortization of intangible assets |
|
$ |
123 |
|
|
$ |
192 |
|
Research and development |
|
$ |
1,506 |
|
|
$ |
2,783 |
|
Selling, general and administrative |
|
$ |
5,046 |
|
|
$ |
5,974 |
|
(2) Transaction, integration and restructuring costs included in above line items: |
|
|
|
|
|
|
||
Selling, general and administrative |
|
$ |
64 |
|
|
$ |
233 |
|
(3) Severance and retention included in above line items: |
|
|
|
|
|
|
||
Cost of advertising and related revenue, excluding depreciation and amortization of intangible assets |
|
$ |
18 |
|
|
$ |
51 |
|
Research and development |
|
$ |
595 |
|
|
$ |
109 |
|
Selling, general and administrative |
|
$ |
396 |
|
|
$ |
846 |
|
|
|
|
|
|
|
|
||
(4) The provision for income taxes is adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments. |
|
|
|
|
|
|
||
|
|
|
|
|
|
|
||
Reconciliation of GAAP net loss per share: |
|
|
|
|
|
|
||
GAAP net loss per share |
|
$ |
(0.11 |
) |
|
$ |
(0.13 |
) |
Adjustments to GAAP net loss per share: |
|
|
|
|
|
|
||
Stock-based compensation |
|
|
0.15 |
|
|
|
0.21 |
|
Amortization of intangible assets |
|
|
0.16 |
|
|
|
0.17 |
|
Transaction, integration and restructuring related costs |
|
|
0.02 |
|
|
|
0.03 |
|
Income tax adjustment |
|
|
0.02 |
|
|
|
— |
|
Non-GAAP net income per share |
|
$ |
0.24 |
|
|
$ |
0.28 |
|
|
|
|
|
|
|
|
||
GAAP weighted-average number of shares - basic and diluted |
|
|
48,781 |
|
|
|
46,276 |
|
Non-GAAP weighted-average number of shares - diluted |
|
|
49,628 |
|
|
|
46,391 |
|
9
XPERI INC.
GAAP TO NON-GAAP RECONCILIATIONS
(in thousands)
(unaudited)
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
GAAP operating income (loss) |
|
$ |
1,763 |
|
|
$ |
(1,362 |
) |
Adjustments to GAAP operating income (loss): |
|
|
|
|
|
|
||
Stock-based compensation |
|
|
7,014 |
|
|
|
9,640 |
|
Amortization of intangible assets |
|
|
7,874 |
|
|
|
7,987 |
|
Transaction, integration and restructuring related costs: |
|
|
|
|
|
|
||
Transaction, integration and restructuring costs |
|
|
64 |
|
|
|
233 |
|
Severance and retention |
|
|
1,009 |
|
|
|
1,006 |
|
Non-GAAP operating income |
|
$ |
17,724 |
|
|
$ |
17,504 |
|
10
XPERI INC.
GAAP TO NON-GAAP RECONCILIATIONS
(in thousands)
(unaudited)
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
GAAP net loss |
|
$ |
(5,241 |
) |
|
$ |
(6,107 |
) |
Adjustments to GAAP net loss: |
|
|
|
|
|
|
||
Interest expense |
|
|
666 |
|
|
|
934 |
|
Provision for income taxes |
|
|
7,383 |
|
|
|
4,805 |
|
Stock-based compensation |
|
|
7,014 |
|
|
|
9,640 |
|
Depreciation expense |
|
|
3,680 |
|
|
|
3,470 |
|
Amortization of intangible assets |
|
|
7,874 |
|
|
|
7,987 |
|
Amortization of capitalized cloud computing costs |
|
|
516 |
|
|
|
1,098 |
|
Transaction, integration and restructuring related costs: |
|
|
|
|
|
|
||
Transaction, integration and restructuring costs |
|
|
64 |
|
|
|
233 |
|
Severance and retention |
|
|
1,009 |
|
|
|
1,006 |
|
Non-GAAP Adjusted EBITDA |
|
$ |
22,965 |
|
|
$ |
23,066 |
|
Non-GAAP Adjusted EBITDA Margin(1) |
|
|
20.2 |
% |
|
|
20.7 |
% |
|
|
|
|
|
|
|
||
Computation of free cash flow: |
|
|
|
|
|
|
||
Net cash provided by operating activities |
|
$ |
4,089 |
|
|
$ |
7,536 |
|
Adjustments: |
|
|
|
|
|
|
||
Capitalized internal-use software |
|
|
(6,625 |
) |
|
|
(4,809 |
) |
Purchases of property and equipment |
|
|
(820 |
) |
|
|
(812 |
) |
Non-GAAP free cash flow |
|
$ |
(3,356 |
) |
|
$ |
1,915 |
|
11