Xperi Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
XPER$5.95+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
XPERIINC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(56,339) | $(869) | $(139,688) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||
| Stock-based compensation | 40,683 | 60,541 | 69,531 |
| Amortization of intangible assets | 34,839 | 43,376 | 57,752 |
| Depreciation of property and equipment | 13,426 | 12,638 | 16,645 |
| Gain from divestitures | — | (100,833) | — |
| Deferred income taxes | 2,255 | (2,933) | (8,596) |
| Accrued interest income from note receivable | (2,226) | (2,026) | — |
| Accretion of discount from deferred consideration from divestitures | (1,678) | (1,061) | — |
| Loss from deconsolidation of Perceive subsidiary | — | 4,839 | — |
| Impairment of long-lived assets | — | 1,535 | 1,710 |
| Other | 4,938 | 1,225 | 748 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (586) | (5,496) | 5,721 |
| Unbilled contracts receivable | (18,016) | (46,315) | (19,386) |
| Prepaid expenses and other assets | 6,494 | 11,071 | 2,696 |
| Accounts payable | (4,695) | (3,041) | 5,071 |
| Accrued and other liabilities | (5,937) | (25,325) | 3,688 |
| Deferred revenue | (13,673) | (2,666) | 4,170 |
| Net cash (used in) provided by operating activities | (515) | (55,340) | 62 |
| Cash flows from investing activities: | |||
| Capitalized internal-use software | (15,593) | (11,715) | (5,933) |
| Purchases of property and equipment | (5,384) | (5,043) | (6,815) |
| Purchases of intangible assets | (7) | (195) | (185) |
| Net proceeds from divestitures | — | 67,773 | — |
| Net cash (used in) provided by investing activities | (20,984) | 50,820 | (12,933) |
| Cash flows from financing activities: | |||
| Repayment of short-term debt | (50,000) | — | — |
| Withholding taxes related to net share settlement of equity awards | (6,966) | (7,215) | (4,875) |
| Payment of debt issuance costs | (1,249) | — | — |
| Repayment of long-term debt | (1,100) | — | — |
| Repurchases of common stock | — | (19,990) | — |
| Proceeds from long-term debt | 41,100 | — | — |
| Proceeds from issuance of common stock under employee stock purchase plan | 5,974 | 7,855 | 11,927 |
| Net cash (used in) provided by financing activities | (12,241) | (19,350) | 7,052 |
| Effect of exchange rate changes on cash and cash equivalents | — | — | 126 |
| Net decrease in cash and cash equivalents | (33,740) | (23,870) | (5,693) |
| Cash and cash equivalents at beginning of period | 130,564 | 154,434 | 160,127 |
| Cash and cash equivalents at end of period (1) | $96,824 | $130,564 | $154,434 |
| (1) Included $12.3 million of cash and cash equivalents classified as held for sale at December 31, 2023. | |||
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents and cash classified as held-for-sale to consolidated balance sheets: | |||
| Cash and cash equivalents | $96,824 | $130,564 | $142,085 |
| Cash and cash equivalents classified as held-for-sale, current (Note 7) | — | — | 12,349 |
| Total cash, cash equivalents and cash classified as held-for-sale in consolidated balance sheets | $96,824 | $130,564 | $154,434 |
| Supplemental disclosure of cash flow information: | |||
| Income taxes paid, net of refunds (2) | $13,025 | $19,122 | $21,333 |
| Interest paid | $2,417 | $3,008 | $3,000 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Note receivable in exchange for consideration from divestitures | $— | $27,676 | $— |
| Deferred consideration from divestiture | $— | $17,156 | $— |
| Property and equipment included in accounts payable | $862 | $516 | $1,343 |
| Costs capitalized for internal-use software included in accounts payable and accrued liabilities | $137 | $414 | $— |
(2)Refer to Note 14—Income Taxesfor the disaggregation of income taxes paid by jurisdiction, net of refunds received, upon the adoption of Accounting Standards Update (“ASU”) 2023-09 for the year ended December 31, 2025.
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