Xperi Inc XPER

Information TechnologySoftware & IT ServicesUnited States of America

Last close 5.36 USD on Nov 1, 2026, −9.0% year to date

Quant rating

Quant rating D Rank 306 of 389 in Information Technology

Growth D 290 of 389
Valuation C 234 of 389
Quality C 265 of 389
Revisions C 237 of 389
Momentum D 337 of 389

Wall Street consensus Buy (2.00)Average target 11.47 USD +114.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 260M
Enterprise value: 209M
52-week range: 4.92 – 8.72
3-year range: 4.92 – 12.06
Dividend yield: –
Beta (5 years): 1.40
Shares outstanding: 48.8M
Next earnings: Nov 4, 2026

About the company

Xperi Inc. is a consumer and entertainment technology company. The Company invents, develops, and delivers technologies that are integrated into a variety of consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences. The Company operates through four business categories: Pay-TV, Consumer Electronics, Connected Car and Media Platform. Pay-TV transforms the traditional television user experience from linear multichannel video program distribution (MVPD) to cloud-based digital video recordings (DVRs). Its Consumer Electronics business provides technology solutions delivered to its customers to enhance their entertainment experience in the home and on-the-go. Its Connected Car transforms the automotive experience through multimedia and personalization of the connected car. The Company’s Media Platform provides technology that enables consumers to find, watch, and enjoy their favorite media entertainment on connected devices.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	448	494	521	502	486	–
Revenue growth	−9.2%	−5.3%	3.8%	3.2%	29.3%	3.6%
EPS (basic, normalized)	0.78	0.97	0.01	–	–	–
EPS growth	−19.6%	9,600.0%	–	–	–	–
Gross margin	71.7%	77.0%	77.2%	75.5%	74.2%	75.1%
Net margin	−12.6%	−2.8%	−26.2%	−150.8%	−36.1%	−45.7%
ROE	−13.4%	−3.4%	−31.5%	−101.8%	−16.6%	−33.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	90.6
Current ratio	2.48x
Long-term debt (mil)	40.0
Net debt (mil)	−50.6
Total equity (mil)	415
Net debt / equity	−0.12x
Net debt / EBITDA	−0.66x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	448	−9.2%	0.5x	77.0	+3.4%	2.7x	0.78	−19.6%	6.9x
2026	458	+2.1%	0.5x	84.8	+10.1%	2.5x	0.84	+8.2%	6.4x
2027	484	+5.7%	0.4x	89.5	+5.6%	2.3x	1.23	+45.7%	4.4x
2028	518	+7.0%	0.4x	103	+15.3%	2.0x	1.40	+13.9%	3.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	458	0.0%	+0.1%	+0.1%	0.84	0.0%	−7.0%	−9.8%
2027	484	0.0%	−1.2%	−2.1%	1.23	0.0%	−0.8%	+5.5%
2028	518	0.0%	−4.9%	−6.8%	1.40	0.0%	−15.7%	−16.7%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	119	120	133	122	114	106	112	117	114	114
Sales mean (mil)	122	122	131	124	113	113	109	114	108	113
Surprise	−2.7%	−1.7%	+1.7%	−1.2%	+0.7%	−6.5%	+2.9%	+2.2%	+5.9%	+1.6%
EPS reported	−0.05	0.12	0.51	0.39	0.16	0.11	0.28	0.24	0.23	0.28
EPS mean	−0.14	−0.03	0.18	0.23	0.02	0.09	0.21	0.22	0.12	0.21
Surprise	+65.5%	−463.6%	+187.0%	+66.4%	+627.3%	+16.2%	+34.0%	+10.6%	+86.5%	+33.3%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
XPER Xperi Inc	260M	−0.66x	−12.6%	0.63x	6.4x	4.4x	2.5x	2.3x
003550 LG Corp.	11.0B	−0.73x	10.0%	0.47x	12.9x	10.6x	7.7x	6.5x
GOOGL Alphabet Inc.	3.43T	−0.67x	32.8%	5.08x	14.1x	18.6x	14.3x	10.9x
FROG JFrog Ltd.	11.6B	−7.07x	−13.5%	12.09x	96.3x	82.4x	80.5x	65.9x
ZETA Zeta Global Holdings Corp.	7.8B	−0.40x	−2.4%	8.42x	32.4x	25.9x	19.0x	15.6x
NTSK Netskope, Inc.	9.9B	5.66x	−95.8%	63.23x	−161.5x	583.2x	−241.6x	217.1x
Mean		−0.64x	−13.6%	14.99x	0.1x	120.8x	−19.6x	53.1x
Median		−0.66x	−7.5%	6.75x	13.5x	22.3x	11.0x	13.3x

Technical analysis

1M−2.7%
3M−30.1%
1Y−20.9%
3Y−34.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Xperi Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	448	494	521	502	486	376
Cost of revenue	127	114	119	123	126	77.8
Gross profit	321	380	403	379	361	298
Selling, general & administrative expenses	182	218	233	217	200	173
Research & development	135	191	223	216	195	163
Depreciation/amortization	48.3	56.0	74.4	82.7	128	115
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	−99.3	1.7	612	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	−43.7	13.8	−130	−749	−162	−153
Net interest income (expense)	3.1	−2.2	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	1.8	1.6	1.5
Net income before taxes	−40.6	11.6	−130	−748	−160	−151
Provision for taxes	15.7	12.4	10.0	13.6	18.8	−9.7
Minority interest	–	−13.1	3.1	3.7	3.5	3.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−56.3	−14.0	−137	−757	−176	−138
Extraordinary items	–	–	–	–	–	–
Net income	−56.3	−14.0	−137	−757	−176	−138
EBIT, normalized	−43.7	−85.5	−128	−130	−162	−153
EBITDA, normalized	4.5	−29.5	−53.5	−47.0	−33.9	−37.7
Basic EPS, normalized	0.78	0.97	0.01	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Xperi Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	96.8	131	142	160	121	85.6
Receivables	135	142	120	130	130	140
Total inventory	0	1.1	7.3	6.7	–	–
Prepaid expenses	21.7	29.3	24.7	20.0	15.3	17.6
Other current assets	13.8	2.1	22.7	15.5	10.7	14.1
Total current assets	267	305	317	332	277	257
Property, plant & equipment	79.5	74.6	81.5	101	119	133
Goodwill	–	–	–	0	537	532
Intangibles	129	164	207	264	271	373
Long-term investments	–	–	–	–	–	–
Note receivable	99.3	75.1	18.2	4.3	3.8	6.4
Other long-term assets	40.6	49.5	50.1	35.3	21.1	23.0
Total assets	616	668	674	737	1,229	1,325
Liabilities
Accounts payable	12.4	17.0	20.8	14.9	7.4	11.4
Payable/accrued	–	–	–	–	–	–
Accrued expenses	76.2	88.2	110	110	84.4	108
Short-term debt	0	50.0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	22.0	30.2	34.3	25.4	28.2	27.4
Total current liabilities	111	185	165	150	120	146
Long-term debt	40.0	0	50.0	50.0	0	0
Minority interest	–	0	−17.1	−14.4	−9.2	−5.8
Other liabilities	51.1	53.3	71.4	87.7	92.8	98.4
Total liabilities	202	239	269	273	204	239
Shareholders' equity
Preferred stock	0	–	–	–	–	–
Common stock	0	0	0	0	–	–
Additional paid-in capital	1,314	1,275	1,213	1,136	–	–
Retained earnings (accumulated deficit)	−896	−839	−805	−669	1,026	1,085
Treasury stock	–	–	–	–	–	–
Other equity	−4.4	−6.1	−2.9	−4.1	−0.7	1.3
Total equity	414	429	404	463	1,025	1,086
Total liabilities & shareholders' equity	616	668	674	737	1,229	1,325

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Xperi Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−56.3	−0.9	−140	−761	−179	−141
Depreciation, depletion & amortization	48.3	56.0	74.4	82.7	128	115
Deferred taxes	2.3	−2.9	−8.6	−1.6	6.9	−20.1
Non-cash items	43.9	−33.8	72.0	658	31.8	28.4
Changes in working capital	−38.6	−73.8	2.0	−6.0	−10.9	−5.7
Cash from operations	−0.5	−55.3	0.1	−28.4	−23.5	−23.8
Investing activities
Capital expenditures	−21.0	−17.0	−12.9	−14.4	−9.1	−7.0
Other investing cash flows	0	67.8	0	−50.5	−12.4	33.6
Cash from investing	−21.0	50.8	−12.9	−64.8	−21.5	26.5
Financing activities
Financing cash flow items	−8.2	−7.2	−4.9	136	83.3	34.2
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−4.0	−12.1	11.9	0	0	0
Cash from financing	−12.2	−19.4	7.1	136	83.3	34.2
Foreign exchange effects	0	–	0.1	−3.0	−3.3	1.4
Net change in cash	−33.7	−23.9	−5.7	39.4	35.1	38.4
Free cash flow	−21.5	−72.3	−12.9	−42.8	−32.5	−30.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.