PRSO Peraso Inc. - Common Stock
$0.66
Price · Aug 25, 2026
Fundamentals as of Aug 13, 2026
52W Range
$1–$2
4% of range
Analyst Rating
BUY
8 analysts
Price Target
$3
+392% upside
P/E (TTM)
-1.0
ROE
-124.7%
Net Profit Margin
-39.0%
PRSO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.66
Market Cap
$7M
P/E (TTM)
-1.0
EPS (TTM)
$-0.67
Revenue (TTM)
$12M
Div Yield
—
ROE
-124.7%
Debt/Equity
—
52W Range
$1 – $2
PRSO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$12M
2016-12-31
→
2025-12-31
EPS
$-0.67
2021-12-31
→
2025-12-31
Free Cash Flow
$-6M
2016-12-31
→
2025-12-31
Margins
-39.0%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
PRSO
Peer Median
P/E (TTM)
-1.0
22.8
P/S (TTM)
0.5
5.3
P/B
1.4
5.9
Price / FCF
-1.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
PRSO
Peer Median
Gross Margin
58.0%
50.0%
Operating Margin
-39.0%
—
Net Profit Margin
-39.0%
-381.8%
ROA
-71.5%
-77.4%
ROE
-124.7%
-127.4%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
PRSO
Peer Median
Current Ratio
4.1
4.1
Quick Ratio
3.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
PRSO
Peer Median
Revenue YoY
-16.3%
—
Revenue CAGR 3Y
-6.4%
—
Revenue CAGR 5Y
6.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
PRSO
Peer Median
PRSO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 3 37.5%
- Buy 4 50.0%
- Hold 1 12.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-24
Low
$3.25
High
$3.25
Median target
$3.25
+392.3%
Mean target
$3.25
+392.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.08%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.19 | $-0.18 | -0.00% |
| Dec. 31, 2025 | $-0.13 | $-0.18 | 0.05% |
| Sept. 30, 2025 | $-0.15 | $-0.20 | 0.05% |
| June 30, 2025 | $-0.28 | $-0.46 | 0.18% |
| March 31, 2025 | $-0.08 | $-0.16 | 0.08% |
| Dec. 31, 2024 | $-0.13 | $-0.21 | 0.08% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRSO | $9M | -1.3 | -16.3% | -39.0% | -124.7% | 58.0% |
| PXLW | $40M | -1.6 | 0.43% | -3246.6% | 142.1% | 85.0% |
| ASTI | $19M | -1.3 | 83.3% | -10202.5% | -231.3% | — |
| MOBX | — | — | — | — | — | — |
| NVDA | $4.57T | 38.3 | 65.5% | 55.6% | 93.3% | 71.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12M | $15M | $14M | $15M | $6M | $9M | $10M | $17M | $9M | $6M | $4M | $5M | |
| Cost of Revenue | $5M | $7M | $12M | $9M | $3M | $2M | $4M | $6M | $5M | $3M | $2M | $2M | |
| Gross Profit | $7M | $8M | $2M | $6M | $2M | $7M | $6M | $10M | $4M | $3M | $2M | $3M | |
| R&D Expense | $6M | $9M | $14M | $20M | $11M | $8M | $4M | $4M | $8M | $18M | $27M | $29M | |
| SG&A Expense | $6M | $9M | $9M | $11M | $7M | $7M | $4M | $4M | $5M | $6M | $6M | $7M | |
| Operating Expenses | $12M | $20M | $22M | $38M | $18M | $15M | $9M | $21M | $14M | $34M | $33M | $36M | |
| Operating Income | $-5M | $-12M | $-21M | $-32M | $-16M | $-8M | $-2M | $-11M | $-10M | $-31M | $-31M | $-33M | |
| Interest Expense | · | · | $21.0K | $16.0K | $3M | $2M | $220.0K | $582.0K | $927.0K | $687.0K | · | · | |
| Other Non-op | $-23.0K | $24.0K | $358.0K | $-89.0K | $44.0K | $-77.0K | $103.0K | $12.0K | $59.0K | $48.0K | $94.0K | $143.0K | |
| Pretax Income | · | · | · | · | · | · | $-3M | $-11M | $-11M | $-32M | $-31M | $-33M | |
| Income Tax | · | · | · | · | · | · | $0 | $13.0K | $-233.0K | $45.0K | $86.0K | $107.0K | |
| Net Income | $-5M | $-11M | $-17M | $-32M | $-11M | $-10M | $-3M | $-11M | $-11M | $-32M | · | · | |
| EPS (Basic) | $-0.67 | $-3.57 | $-26.00 | $-64.41 | $-1.86 | · | · | · | · | · | · | · | |
| EPS (Diluted) | $-0.67 | $-3.57 | $-26.00 | $-64.41 | $-1.86 | · | · | · | · | · | · | · | |
| Shares (Basic) | 7,064,000 | 3,002,000 | 646,000 | 503,000 | 5,869,000 | · | · | · | · | · | · | 49,528 | |
| Shares (Diluted) | 7,064,000 | 3,002,000 | 646,000 | 503,000 | 5,869,000 | · | · | · | · | · | · | 49,528 | |
| EBITDA | $-5M | $-12M | $-21M | $-32M | $-15M | $-3M | $-2M | $-10M | $-9M | $-30M | · | $-33M |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3M | $3M | $2M | $2M | $6M | $2M | $6M | $7M | $4M | $9M | $6M | $3M | |
| Short-term Investments | · | · | · | $1M | $9M | · | $300.0K | · | · | $1M | $15M | $20M | |
| Receivables | $1M | $682.0K | $731.0K | $3M | $2M | $922.0K | $1M | $2M | $2M | $559.0K | $729.0K | $177.0K | |
| Inventory | $1M | $2M | $3M | $5M | $4M | $1M | $968.0K | $1M | $2M | $1M | $2M | $881.0K | |
| Prepaid Expense | $195.0K | $188.0K | $620.0K | $574.0K | $1M | $963.0K | $472.0K | $923.0K | $1M | $473.0K | $701.0K | $887.0K | |
| Current Assets | $5M | $6M | $6M | $13M | $24M | $7M | $9M | $11M | $9M | $12M | $23M | $25M | |
| PP&E (Net) | $363.0K | $512.0K | $1M | $2M | $2M | $3M | $197.0K | $279.0K | $827.0K | $1M | $2M | $854.0K | |
| PP&E (Gross) | $6M | $6M | $6M | $6M | $12M | $11M | $4M | $5M | $5M | $6M | $6M | $5M | |
| Accum. Depreciation | $6M | $5M | $5M | $6M | $9M | $8M | $4M | $4M | $4M | $5M | $4M | $4M | |
| Goodwill | · | · | · | $0 | $10M | · | · | $420.0K | $13M | $13M | $23M | $23M | |
| Intangibles | $6.0K | $13.0K | $3M | $6M | $8M | · | · | · | $111.0K | $223.0K | $334.0K | $655.0K | |
| Other Non-current Assets | $105.0K | $121.0K | $123.0K | $123.0K | $78.0K | $53.0K | $78.0K | $260.0K | $263.0K | $121.0K | $329.0K | $244.0K | |
| Total Assets | $6M | $7M | $11M | $22M | $48M | $10M | $9M | $12M | $23M | $27M | $49M | $53M | |
| Accounts Payable | $679.0K | $1M | $2M | $2M | $2M | $1M | $218.0K | $236.0K | $170.0K | $561.0K | $940.0K | $495.0K | |
| Accrued Liabilities | · | · | $611.0K | · | $3M | $456.0K | $1M | $1M | $3M | $3M | $3M | $2M | |
| Short-term Debt | · | · | · | · | · | $244.0K | · | · | · | · | · | · | |
| Current Liabilities | $1M | $4M | $5M | $5M | $6M | $2M | $2M | $2M | $7M | $3M | $4M | $3M | |
| Capital Leases | $97.0K | $182.0K | · | $470.0K | $288.0K | $532.0K | · | $17.0K | · | · | · | · | |
| Other Non-current Liabilities | · | · | $349.0K | · | · | · | · | · | · | $233.0K | $247.0K | · | |
| Total Liabilities | $1M | $4M | $7M | $7M | $6M | $14M | $5M | $5M | $16M | $12M | $4M | · | |
| Long-term Debt | · | · | · | · | · | · | · | · | $9M | · | · | · | |
| Total Debt | · | · | · | · | · | $244.0K | · | · | · | · | · | · | |
| Common Stock | $9.0K | $3.0K | $1.0K | · | $12.0K | $5.0K | $2.0K | $2.0K | $8.0K | $7.0K | $7.0K | $498.0K | |
| Paid-in Capital | $186M | $179M | $170M | $165M | $159M | · | · | · | · | · | · | · | |
| Retained Earnings | $-182M | $-177M | $-166M | $-150M | $-117M | $-106M | $-238M | $-236M | $-225M | $-214M | $-182M | $-150M | |
| AOCI | · | · | · | $-25.0K | · | · | · | · | · | · | $-16.0K | $-10.0K | |
| Stockholders' Equity | $5M | $3M | $4M | $15M | $42M | $-4M | $-114M | $7M | $7M | $15M | $45M | $50M | |
| Liabilities + Equity | $6M | $7M | $11M | $22M | $48M | $10M | $9M | $12M | $23M | $27M | $49M | $53M | |
| Shares Outstanding | 10,055,000 | 4,474,000 | 673,000 | 357,000 | 12,284,000 | 5,241,000 | 2,179,000 | 2,148,000 | 8,068,000 | 6,630,000 | 6,549,000 | 49,793,000 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $263.0K | $4M | $4M | $611.0K | $917.0K | $1M | $185.0K | $598.0K | $747.0K | $998.0K | $607.0K | $449.0K | |
| Stock-based Comp | $521.0K | $4M | $5M | $6M | $4M | $2M | $263.0K | $674.0K | $719.0K | $2M | $4M | $5M | |
| Amort. of Intangibles | · | · | · | $60.0K | $60.0K | · | · | $111.0K | $112.0K | $111.0K | $321.0K | $1M | |
| Restructuring | · | · | $4M | · | · | · | · | · | $1M | $676.0K | · | · | |
| Other Non-cash | · | · | · | $10M | $-7M | $789.0K | $1M | $10M | · | · | · | · | |
| Operating Cash Flow | $-6M | $-5M | $-5M | $-16M | $-12M | $-10M | $-651.0K | $335.0K | $-8M | $-18M | $-27M | $-26M | |
| CapEx | $107.0K | · | $94.0K | $988.0K | $71.0K | $38.0K | $103.0K | $50.0K | $300.0K | $646.0K | $1M | $596.0K | |
| Investing Cash Flow | $-107.0K | · | $1M | $10M | $7M | $-38.0K | $-396.0K | $-50.0K | $714.0K | $13M | $7M | · | |
| Net Debt Issued | · | · | · | · | · | · | · | $-7M | · | · | · | · | |
| Stock Issued | $28.0K | $4M | $4M | $2M | · | · | · | · | $2M | $364.0K | $23M | · | |
| Net Stock Activity | $28.0K | $4M | $4M | $2M | · | · | · | · | $2M | · | · | · | |
| Financing Cash Flow | $5M | $6M | $3M | $2M | $10M | $10M | $-4.0K | $3M | $2M | $8M | $23M | · | |
| Net Change in Cash | · | · | $-245.0K | $-4M | $4M | $-192.0K | $-1M | $3M | $-5M | $3M | $3M | · | |
| Taxes Paid | · | · | · | · | · | $2.0K | $2.0K | $15.0K | $2.0K | $21.0K | $56.0K | $111.0K | |
| Free Cash Flow | $-6M | · | $-5M | $-17M | $-12M | $-3M | $-754.0K | $285.0K | $-8M | $-19M | · | · | |
| Levered FCF | · | · | · | · | · | · | $-974.0K | $-297.7K | $-9M | $-19M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.0% | 51.7% | 13.6% | 40.0% | 42.4% | 65.7% | 61.0% | 61.8% | 46.9% | 48.9% | · | 56.9% | |
| Operating Margin | -39.0% | -85.3% | -150.0% | -217.3% | -283.1% | -52.3% | -24.4% | -65.2% | -113.5% | -520.6% | · | -608.1% | |
| Net Margin | -39.0% | -73.6% | -122.2% | -217.9% | -192.1% | -55.6% | -25.6% | -68.7% | · | · | · | · | |
| Pretax Margin | · | · | · | · | · | · | -25.6% | -68.7% | -123.3% | -531.3% | · | -605.5% | |
| EBITDA Margin | -39.0% | -85.3% | -150.0% | -213.2% | -263.5% | -50.1% | -22.6% | -61.6% | -105.0% | -504.1% | · | -608.1% | |
| ROA | -71.5% | -119.7% | -101.2% | -92.0% | -37.7% | -42.7% | -24.4% | -65.4% | · | · | · | · | |
| ROE | -124.7% | -390.7% | -212.2% | -148.0% | -77.3% | -110.6% | -50.1% | -175.9% | · | · | · | · | |
| ROIC | · | · | · | · | · | · | -50.9% | -151.4% | -133.7% | -204.9% | · | -66.3% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.1 | 1.8 | 1.2 | 2.7 | 4.2 | 4.3 | 5.3 | 5.6 | 1.3 | 3.7 | · | 9.0 | |
| Quick Ratio | 3.1 | 1.1 | 0.5 | 1.3 | 3.1 | 3.6 | 4.4 | 4.6 | 0.8 | 3.1 | · | 8.3 | |
| Debt / Equity | · | · | · | · | · | 0.1 | · | · | · | · | · | · | |
| Interest Coverage | · | · | -982.1 | -2019.5 | -5.4 | -14.6 | -11.2 | -18.6 | -10.8 | -45.7 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.8 | 1.6 | 0.8 | 0.4 | 0.2 | 0.8 | 1.0 | 1.0 | 0.4 | 0.2 | · | 0.1 | |
| Inventory Turnover | 3.2 | 3.0 | 3.0 | 1.9 | 1.3 | 3.0 | 3.7 | 4.4 | 2.9 | 2.0 | · | 3.2 | |
| Receivables Turnover | 12.8 | 20.6 | 6.9 | 5.2 | 3.4 | 7.2 | 7.2 | 10.1 | 7.9 | 9.4 | · | 33.1 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -16.3% | 6.0% | -7.5% | 161.8% | -37.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -6.4% | 36.9% | 14.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12M | $15M | $14M | $15M | $6M | $9M | $10M | $17M | $9M | $6M | $4M | $5M | |
| Net Income TTM | $-5M | $-11M | $-17M | $-32M | $-11M | $-10M | $-3M | $-11M | $-11M | $-32M | · | · | |
| Market Cap | $9M | $5M | $8M | $359M | $3.63B | $347M | $154M | $5.84B | $7.16B | $12.20B | · | $744.90B | |
| Enterprise Value | · | · | · | · | · | $341M | · | · | · | · | · | · | |
| P/E | -1.3 | -0.3 | -0.4 | -0.5 | -90.3 | · | · | · | · | · | · | · | |
| P/S | 0.7 | 0.4 | 0.5 | 24.1 | 638.4 | 38.2 | 15.3 | 352.0 | 810.3 | 2025.1 | · | 138457.9 | |
| P/B | 1.9 | 1.5 | 1.8 | 23.5 | 86.2 | 118.3 | 31.9 | 816.5 | 975.3 | 795.9 | · | 15036.4 | |
| P / Tangible Book | 1.9 | 1.5 | 9.4 | 39.9 | 152.5 | · | · | · | · | · | · | · | |
| P / Cash Flow | -1.6 | -1.1 | -1.6 | -22.4 | -301.7 | -133.9 | -237.0 | 17443.3 | -945.3 | -679.9 | · | · | |
| P / FCF | -1.5 | · | -1.6 | -21.1 | -299.9 | -130.3 | -204.6 | 20503.6 | -909.3 | -656.3 | · | · | |
| EV / EBITDA | · | · | · | · | · | -100.1 | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -128.2 | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | · | · | 37.5 | · | · | · | · | · | · | |
| Earnings Yield | -77.0% | -307.8% | -232.1% | -220.6% | -1.1% | · | · | · | · | · | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1M | $963.0K | $3M | $3M | $2M | $4M | $4M | $4M | $4M | $3M | $2M | $4M | $2M | $5M | $4M | $3M | |
| Cost of Revenue | $474.0K | $371.0K | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $5M | $2M | $2M | $3M | $2M | $2M | |
| Gross Profit | $833.0K | $592.0K | $1M | $2M | $1M | $3M | $2M | $2M | $2M | $1M | $-3M | $2M | $608.0K | $2M | $2M | $1M | |
| R&D Expense | $2M | $2M | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $5M | |
| SG&A Expense | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | |
| Operating Expenses | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $5M | $7M | $5M | $6M | $6M | $6M | $6M | $16M | $5M | |
| Operating Income | $-2M | $-2M | $-1M | $-1M | $-2M | $-514.0K | $-2M | $-3M | $-4M | $-4M | $-8M | $-4M | $-5M | $-4M | $-15M | $-4M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $5.0K | $5.0K | |
| Other Non-op | $2.0K | $-4.0K | · | · | $-23.0K | $8.0K | $35.0K | $-16.0K | $-4.0K | $9.0K | · | $322.0K | $-15.0K | $-10.0K | $-78.0K | $8.0K | |
| Net Income | $-2M | $-2M | $-1M | $-1M | $-2M | $-471.0K | $-2M | $-3M | $-4M | $-2M | $-9M | $-623.0K | $-4M | $-3M | $-15M | $-4M | |
| EPS (Basic) | $-0.16 | $-0.22 | $-0.09 | $-0.17 | $-0.31 | $-0.08 | $0.36 | $-0.98 | $-1.88 | $-1.07 | $-12.91 | $-0.87 | $-6.68 | $-5.54 | $-63.54 | $-0.20 | |
| EPS (Diluted) | $-0.16 | $-0.22 | $-0.09 | $-0.17 | $-0.31 | $-0.08 | $0.36 | $-0.98 | $-1.88 | $-1.07 | $-12.91 | $-0.87 | $-6.68 | $-5.54 | $-63.54 | $-0.20 | |
| Shares (Basic) | 14,058 | 11,613,000 | -10,998,000 | 7,257,000 | 5,977 | 5,745,000 | -4,043,000 | 2,780,000 | 2,358,000 | 1,907,000 | -1,249,000 | 715,000 | 612,000 | 568,000 | -60,941,000 | 20,039,000 | |
| Shares (Diluted) | 14,058 | 11,613,000 | -10,998,000 | 7,257,000 | 5,977 | 5,745,000 | -4,043,000 | 2,780,000 | 2,358,000 | 1,907,000 | -1,249,000 | 715,000 | 612,000 | 568,000 | -60,941,000 | 20,039,000 | |
| EBITDA | $-2M | $-2M | · | $-1M | $-2M | $-514.0K | · | $-3M | $-4M | $-4M | · | $-4M | $-5M | $-4M | · | $-4M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $3M | · | · | · | $3M | $1M | $2M | $2M | $2M | $689.0K | $2M | $805.0K | $2M | $3M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | · | $594.0K | $587.0K | $1M | $1M | |
| Receivables | $306.0K | $867.0K | $1M | $2M | $1M | $773.0K | $682.0K | $791.0K | $1M | $1M | $731.0K | $3M | $1M | $3M | $3M | $2M | |
| Inventory | $2M | $2M | $1M | $2M | $1M | $2M | $2M | $3M | $3M | $3M | $3M | $6M | $5M | $5M | $5M | $5M | |
| Prepaid Expense | $407.0K | $534.0K | $195.0K | $350.0K | $736.0K | $639.0K | $188.0K | $635.0K | $810.0K | $758.0K | $620.0K | · | · | · | $574.0K | $918.0K | |
| Current Assets | $6M | $6M | $5M | $6M | $5M | $6M | $6M | $5M | $7M | $7M | $6M | $10M | $10M | $10M | $13M | $13M | |
| PP&E (Net) | $548.0K | $497.0K | $363.0K | $399.0K | $432.0K | $445.0K | $512.0K | $643.0K | $807.0K | $981.0K | $1M | $2M | $2M | $2M | $2M | $2M | |
| PP&E (Gross) | · | · | $6M | · | · | · | $6M | · | · | · | $6M | · | · | · | $6M | · | |
| Accum. Depreciation | · | · | $6M | · | · | · | $5M | · | · | · | $5M | · | · | · | · | · | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $10M | |
| Intangibles | $3.0K | · | $6.0K | · | · | · | $13.0K | $830.0K | $2M | $2M | $3M | $4M | $5M | $6M | $6M | $7M | |
| Other Non-current Assets | $390.0K | $104.0K | $99.0K | $106.0K | $109.0K | $103.0K | $121.0K | $121.0K | $120.0K | $121.0K | $123.0K | $121.0K | $123.0K | $122.0K | $123.0K | $129.0K | |
| Total Assets | $7M | $6M | $6M | $6M | $6M | $7M | $7M | $7M | $10M | $12M | $11M | $17M | $18M | $19M | $22M | $34M | |
| Accounts Payable | $757.0K | $895.0K | $679.0K | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $3M | $1M | $1M | $2M | $2M | |
| Accrued Liabilities | · | · | · | · | · | · | · | $2M | $2M | · | · | · | · | · | · | $2M | |
| Current Liabilities | $2M | $2M | $1M | $2M | $2M | $3M | $4M | $5M | $6M | $4M | $5M | $4M | $3M | $4M | $5M | $4M | |
| Capital Leases | $32.0K | $64.0K | $97.0K | $100.0K | $132.0K | $154.0K | $182.0K | · | · | · | · | $379.0K | $349.0K | $404.0K | · | $554.0K | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $197.0K | $261.0K | · | · | · | · | · | · | · | |
| Total Liabilities | $2M | $2M | $1M | $3M | $3M | $3M | $4M | $5M | $6M | $5M | $7M | $5M | $7M | $5M | $7M | $5M | |
| Common Stock | $14.0K | $11.0K | $9.0K | $5.0K | $5.0K | $4.0K | $3.0K | $3.0K | $3.0K | $2.0K | $1.0K | $25.0K | $22.0K | $15.0K | · | $13.0K | |
| Paid-in Capital | $192M | $189M | $186M | $183M | $181M | $180M | $179M | $178M | $176M | $175M | $170M | $169M | $168M | $166M | $165M | · | |
| Retained Earnings | $-187M | $-184M | $-182M | $-181M | $-179M | $-178M | $-177M | $-176M | $-173M | $-168M | $-166M | $-157M | $-157M | $-153M | $-150M | $-135M | |
| AOCI | · | · | · | · | · | · | · | · | · | · | · | · | $-4.0K | $-11.0K | $-25.0K | $-36.0K | |
| Stockholders' Equity | $5M | $5M | $5M | $4M | $3M | $4M | $3M | $2M | $4M | $7M | $4M | $12M | $11M | $13M | $15M | $29M | |
| Liabilities + Equity | $7M | $6M | $6M | $6M | $6M | $7M | $7M | $7M | $10M | $12M | $11M | $17M | $18M | $19M | $22M | $34M | |
| Shares Outstanding | 15,041,000 | 12,582,000 | 10,055,000 | 7,580,000 | 5,933 | 4,843,000 | 4,474,000 | 2,856,000 | 2,706,000 | 2,289,000 | 673,000 | 25,308,000 | 22,170,000 | 14,580,000 | 357,000 | 12,757,000 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $49.0K | $50.0K | $67.0K | $67.0K | $62.0K | $67.0K | $947.0K | $981.0K | $991.0K | $992.0K | $1M | $1M | $958.0K | $755.0K | $768.0K | $749.0K | |
| Stock-based Comp | $170.0K | $147.0K | $124.0K | $131.0K | $141.0K | $125.0K | $251.0K | $960.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | $1M | · | · | $500.0K | |
| Operating Cash Flow | $-2M | $-2M | $-1M | $-2M | $-2M | $-966.0K | $-687.0K | $-683.0K | $-659.0K | $-3M | $937.0K | $-2M | $-2M | $-1M | $-3M | $-2M | |
| CapEx | $97.0K | $183.0K | $28.0K | $34.0K | · | · | · | · | · | · | $1.0K | $2.0K | $7.0K | $84.0K | $411.0K | $235.0K | |
| Investing Cash Flow | $-97.0K | $-183.0K | $-28.0K | $-34.0K | · | · | · | · | · | · | $-1.0K | $598.0K | $-7.0K | $416.0K | $-402.0K | $2M | |
| Stock Issued | · | · | $-905.0K | · | · | · | $0 | $0 | $127.0K | $3M | $0 | $25.0K | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $3M | · | · | · | · | · | · | |
| Financing Cash Flow | $2M | $2M | $2M | $2M | $1M | $397.0K | $3M | $132.0K | $92.0K | $3M | $-42.0K | $-2.0K | $4M | $-25.0K | $2M | $24.0K | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | · | $-1M | $1M | $-1M | $-1M | $32.0K | |
| Free Cash Flow | · | $-3M | · | · | · | · | · | · | · | · | · | · | · | $-1M | · | · |
Profitability 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.7% | 61.5% | · | 56.2% | 48.3% | 69.3% | · | 47.0% | 55.5% | 46.4% | · | 45.4% | 25.3% | 38.3% | · | 39.3% | |
| Operating Margin | -171.1% | -257.9% | · | -36.8% | -80.0% | -13.3% | · | -70.3% | -105.6% | -128.9% | · | -79.5% | -209.6% | -75.4% | · | -121.8% | |
| Net Margin | -169.8% | -259.3% | · | -37.4% | -82.4% | -12.2% | · | -70.6% | -104.4% | -72.1% | · | -13.9% | -170.0% | -62.5% | · | -121.7% | |
| EBITDA Margin | -171.1% | -257.9% | · | -36.8% | -80.0% | -13.3% | · | -70.3% | -105.6% | -128.9% | · | -79.5% | -209.6% | -75.4% | · | -121.8% | |
| ROA | -36.0% | -38.0% | · | -18.0% | -23.9% | -5.1% | · | -22.6% | -31.9% | -13.4% | · | -2.5% | -14.9% | -10.4% | · | -13.9% | |
| ROE | -56.1% | -60.9% | · | -43.0% | -55.9% | -9.2% | · | -39.4% | -60.6% | -20.2% | · | -3.1% | -19.4% | -12.6% | · | -15.8% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.2 | 3.3 | · | 2.3 | 2.0 | 2.0 | · | 1.1 | 1.2 | 1.7 | · | 2.8 | 3.4 | 2.8 | · | 3.0 | |
| Quick Ratio | 0.2 | 0.5 | · | 0.7 | 0.4 | 0.3 | · | 0.4 | 0.6 | 0.9 | · | 1.0 | 1.4 | 1.2 | · | 1.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | -802.2 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.5 | 0.3 | 0.4 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.1 | 0.2 | · | 0.1 | |
| Inventory Turnover | 0.3 | 0.2 | · | 0.7 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.7 | · | 0.6 | |
| Receivables Turnover | 2.0 | 1.2 | · | 2.5 | 1.8 | 3.4 | · | 2.0 | 2.9 | 1.3 | · | 1.9 | 1.0 | 2.0 | · | 2.8 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8M | $10M | · | $13M | $14M | $15M | · | $15M | $14M | $15M | · | $15M | $15M | $16M | · | $13M | |
| Net Income TTM | $-8M | $-6M | · | $-6M | $-9M | $-10M | · | $-10M | $-11M | $-10M | · | $-12M | $-18M | $-21M | · | $-22M | |
| Market Cap | $14M | $13M | · | $9M | $6.5K | $3M | · | $4M | $4M | $4M | · | $192M | $443M | $321M | · | $867M | |
| P/E | -1.1 | -1.3 | · | -0.8 | -0.3 | -0.2 | · | -0.3 | -0.1 | -0.1 | · | -0.6 | -1.6 | -3.4 | · | -42.5 | |
| P/S | 1.8 | 1.2 | · | 0.7 | 0.0 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 12.6 | 29.5 | 20.0 | · | 66.7 | |
| P/B | 2.8 | 2.8 | · | 2.6 | 0.0 | 0.9 | · | 2.0 | 1.1 | 0.6 | · | 16.4 | 40.2 | 23.9 | · | 30.4 | |
| P / Tangible Book | 2.8 | 2.8 | · | 2.6 | 0.0 | 0.9 | · | 3.3 | 2.0 | 0.9 | · | 25.5 | 73.8 | 41.8 | · | 73.7 | |
| P / Cash Flow | · | -5.4 | · | · | · | -3.4 | · | · | · | -1.5 | · | · | · | -226.8 | · | · | |
| P / FCF | · | -5.0 | · | · | · | · | · | · | · | · | · | · | · | -214.1 | · | · | |
| Earnings Yield | -94.5% | -77.2% | · | -124.8% | -300.0% | -592.6% | · | -345.3% | -750.0% | -874.1% | · | -174.9% | -63.7% | -29.1% | · | -2.4% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $12M | $15M | $14M | $15M | $6M |
| Gross Margin % | 58.0% | 51.7% | 13.6% | 40.0% | 42.4% |
| Operating Margin % | -39.0% | -85.3% | -150.0% | -217.3% | -283.1% |
| Net Income | $-5M | $-11M | $-17M | $-32M | $-11M |
| Diluted EPS | $-0.67 | $-3.57 | $-26.00 | $-64.41 | $-1.86 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 4.1 | 1.8 | 1.2 | 2.7 | 4.2 |
| Quick Ratio | 3.1 | 1.1 | 0.5 | 1.3 | 3.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-6M | — | $-5M | $-17M | $-12M |
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Institutional owners (13F) 21 filers · $465K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 4 (-4 vs prior Q) | 3 (-3 vs prior Q) | 4 (+1 vs prior Q) | 2 (+1 vs prior Q) | +118K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC | $104,179 | 114,609 | 22.38% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $88,926 | 97,828 | 19.11% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $82,572 | 90,838 | 17.74% | Shares |
| STATE STREET CORP | $52,690 | 57,965 | 11.32% | Shares |
| VANGUARD GROUP INC | $38,143 | 43,842 | 8.20% | Shares |
| StoneX Group Inc. | $28,964 | 30,209 | 6.22% | Shares |
| NORTHERN TRUST CORP | $27,405 | 30,148 | 5.89% | Shares |
| XTX Topco Ltd | $18,349 | 20,186 | 3.94% | Shares |
| Annis Gardner Whiting Capital Advisors, LLC | $9,183 | 10,102 | 1.97% | Shares |
| Kestra Advisory Services, LLC | $9,090 | 10,000 | 1.95% | Shares |
| Tower Research Capital LLC (TRC) | $3,805 | 4,186 | 0.82% | Shares |
| BARCLAYS PLC | $1,128 | 1,241 | 0.24% | Shares |
| OSAIC HOLDINGS, INC. | $454 | 500 | 0.10% | Shares |
| SBI Securities Co., Ltd. | $262 | 288 | 0.06% | Shares |
| Arax Advisory Partners | $101 | 111 | 0.02% | Shares |
| Virtu Financial LLC | $68 | 74,867 | 0.01% | Shares |
| BlackRock, Inc. | $58 | 64 | 0.01% | Shares |
| CITIGROUP INC | $20 | 22 | 0.00% | Shares |
| NFSG Corp | $12 | 13 | 0.00% | Shares |
| CWM, LLC | $1 | 1 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $0 | 83 | 0.00% | Shares |
Company insiders 36 insiders · 11 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ronald Glibbery | Chief Executive Officer | Feb. 9, 2026 A | 3,482 | 0 | 0 | $0 |
| Leonard Charles Perham | President and CEO | March 30, 2015 A | 1,753,640 | 0 | 0 | $0 |
| James Sullivan | Chief Financial Officer | Feb. 9, 2026 A | 1,893 | 0 | 0 | $0 |
| Brad Lynch | Chief Operating Officer | Feb. 9, 2026 A | 1,573 | 0 | 0 | $0 |
| Thomas Riordan | Chief Operating Officer | March 30, 2015 A | 97,750 | 0 | 0 | $0 |
| Alex Tomkins | Chief Technology Officer | Feb. 9, 2026 A | 6,083 | 0 | 0 | $0 |
| Mark Lunsford | Chief Revenue Officer | April 15, 2025 F | 1,979 | 0 | 0 | $0 |
| John Stearns Monson | VP of Marketing and Sales | March 30, 2015 A | 18,538 | 0 | 0 | $0 |
| Sundari Mitra | Exec. VP of Engineering | June 17, 2011 M | 131,664 | 0 | 0 | $0 |
| Dave Demaria | VP of Business Operations | June 28, 2010 A | 15,000 | 0 | 0 | $0 |
| Didier Lacroix | Vice President,Worldwide Sales | Feb. 21, 2008 A | — | 0 | 0 | $0 |
| Cornelis Links | Director | Jan. 7, 2026 A | 50,025 | 0 | 0 | $0 |
| Andreas Melder | Director | Jan. 7, 2026 A | 51,851 | 0 | 0 | $0 |
| Daniel Lee Lewis | Director | Jan. 7, 2026 A | 54,292 | 0 | 0 | $0 |
| Robert Y Newell IV | Director | Jan. 7, 2026 A | 53,947 | 0 | 0 | $0 |
| Ian Mcwalter | Director | Jan. 17, 2025 A | 101,746 | 0 | 0 | $0 |
| Scott Richard Lewis | Director | Dec. 1, 2021 A | 5,000 | 0 | 0 | $0 |
| Daniel Joseph O'Neil | Director | Dec. 1, 2021 A | 6,000 | 0 | 0 | $0 |
| Tommy Eng | Director | June 8, 2015 M | 0 | 0 | 0 | $0 |
| Chi-Ping Hsu | Director | June 5, 2015 M | 0 | 0 | 0 | $0 |
| Victor K Lee | Director | July 18, 2014 A | — | 0 | 0 | $0 |
| DOMENIK STEPHEN L | Director | July 18, 2014 A | — | 0 | 0 | $0 |
| James D Kupec | Director | July 19, 2012 A | — | 0 | 0 | $0 |
| BERG CARL E | Director | July 21, 2011 P | 354,998 | 0 | 0 | $0 |
| Chenming Hu | Director | July 23, 2009 A | — | 0 | 0 | $0 |
| Litespeed Management LLC | 10% owner | Dec. 23, 2008 S | 3,128,000 | 0 | 0 | $0 |
| Wing Yu Leung | — | May 10, 2007 S | 183,220 | 0 | 0 | $0 |
| Raj Singh | — | Oct. 6, 2006 A | — | 0 | 0 | $0 |
| James R Pekarsky | — | March 20, 2006 A | — | 0 | 0 | $0 |
| Dhaval Ajmera | — | Oct. 3, 2005 A | — | 0 | 0 | $0 |
| Chester Joseph Silvestri | — | July 27, 2005 A | — | 0 | 0 | $0 |
| Chieh Hsu Fu | — | Dec. 3, 2004 S | 160,000 | 0 | 0 | $0 |
| Mark Voll | — | Sept. 8, 2004 A | — | 0 | 0 | $0 |
| Wei Yen | — | Sept. 2, 2003 A | — | 0 | 0 | $0 |
| Andre Hassan | — | Sept. 2, 2003 A | — | 0 | 0 | $0 |
| Mark-Eric Jones | — | Sept. 2, 2003 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Roadmap Innovation Fund I, Roadmap Innovation Fund II, Roadmap Peraso LP, Roadmap Peraso LP (U.S. and Offshore), Roadmap Peraso LP II, Roadmap Peraso LP II (US and Offshore), Roadmap Peraso LP III, Roadmap Peraso LP III (US and Offshore), Roadmap Capital General Partner Ltd., Roadmap Capital Inc. | Dec. 27, 2021 | — | Initial filing | Passive investment | SEC |
| Ault Global Holdings, Inc. ×4 filings | March 3, 2021 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | May 25, 2004 | — | Initial filing | Passive investment | SEC |
| Synopsys, Inc., Mountain Acquisition Sub, Inc. ×2 filings | April 20, 2004 | — | Initial filing | — | SEC |
| 1981 Kara Ann Berg Trust (Clyde J. Berg, Trustee)(a) | March 4, 2004 | — | Initial filing | — | SEC |
| Fu-Chieh Hsu | March 4, 2004 | — | Initial filing | — | SEC |
| Wing-Yu Leung | March 4, 2004 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VXF · VANGUARD INDEX FUNDS | 0.00% | 90,838 SH | Aug. 19, 2026 | Daily |